Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Loss)

v2.4.0.8
Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 27, 2014
Comprehensive Income (Loss) [Abstract]  
Comprehensive Income [Text Block]
Note 21: Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first nine months of 2014 were as follows:
(In Millions)
 
Unrealized Holding Gains (Losses) on Available-for-Sale Investments
 
Deferred Tax Asset Valuation Allowance
 
Unrealized Holding Gains (Losses) on Derivatives
 
Prior Service Credits (Costs)
 
Actuarial Gains (Losses)
 
Foreign Currency Translation Adjustment
 
Total
December 28, 2013
 
$
1,882

 
$
67

 
$
4

 
$
(14
)
 
$
(602
)
 
$
(94
)
 
$
1,243

Other comprehensive income before reclassifications
 
469

 
—

 
(204
)
 
(49
)
 
(248
)
 
(140
)
 
(172
)
Amounts reclassified out of accumulated other comprehensive income (loss)
 
(139
)
 
—

 
(21
)
 
4

 
29

 
—

 
(127
)
Tax effects
 
(113
)
 
(30
)
 
52

 
4

 
76

 
13

 
2

Other comprehensive income (loss)
 
217

 
(30
)
 
(173
)
 
(41
)
 
(143
)
 
(127
)
 
(297
)
September 27, 2014
 
$
2,099

 
$
37

 
$
(169
)
 
$
(55
)
 
$
(745
)
 
$
(221
)
 
$
946



The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income, with presentation location, for each period were as follows:
 
 
Income Before Taxes Impact
(In Millions)
 
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
Comprehensive Income Components
 
Sep 27,
2014
 
Sep 28,
2013
 
Sep 27,
2014
 
Sep 28,
2013
 
Location
Unrealized holding gains (losses) on available-for-sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
$
9

 
$
—

 
$
7

 
$
3

 
Interest and other, net
 
 
9

 
130

 
132

 
139

 
Gains (losses) on equity investments, net
 
 
18

 
130

 
139

 
142

 
 
Unrealized holding gains (losses) on derivatives:
 
 
 
 
 
 
 
 
 
 
Currency forwards
 
(5
)
 
(19
)
 
(10
)
 
(47
)
 
Cost of sales
 
 
8

 
7

 
26

 
15

 
Research and development
 
 
2

 
(2
)
 
7

 
(6
)
 
Marketing, general and administrative
Other instruments
 
(2
)
 
—

 
(2
)
 
1

 
Cost of sales
 
 
3

 
(14
)
 
21

 
(37
)
 
 
Amortization of pension and postretirement benefit components:
 
 
 
 
 
 
 
 
 
 
Prior service credits (costs)
 
(2
)
 
(2
)
 
(4
)
 
(4
)
 
 
Actuarial gains (losses)
 
(10
)
 
(26
)
 
(29
)
 
(77
)
 
 
 
 
(12
)
 
(28
)
 
(33
)
 
(81
)
 
 
Total amounts reclassified out of accumulated other comprehensive income (loss)
 
$
9

 
$
88

 
$
127

 
$
24

 
 

The amortization of pension and postretirement benefit components are included in the computation of net periodic benefit cost. For further information, see the "Retirement Benefit Plans" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 28, 2013.
We estimate that we will reclassify approximately $154 million (before taxes) of net derivative losses included in accumulated other comprehensive income (loss) into earnings within the next 12 months.