Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Loss)

v3.22.2.2
Other Comprehensive Income (Loss)
9 Months Ended
Oct. 01, 2022
Equity [Abstract]  
Other Comprehensive Income (Loss)
Note 10 : Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first nine months of 2022 were as follows:
(In Millions) Unrealized Holding Gains (Losses) on Derivatives Actuarial Valuation and Other Pension Expenses Translation Adjustments and Other Total
Balance as of December 25, 2021 $ 211  $ (1,114) $ 23  $ (880)
Other comprehensive income (loss) before reclassifications (1,575) —  (38) (1,613)
Amounts reclassified out of accumulated other comprehensive income (loss) 205  34  239 
Tax effects 192  203 
Other comprehensive income (loss) (1,178) 37  (30) (1,171)
Balance as of October 1, 2022 $ (967) $ (1,077) $ (7) $ (2,051)
We estimate that we will reclassify approximately $623 million (before taxes) of net derivative losses included in accumulated other comprehensive income (loss) into earnings within the next 12 months.