Annual report pursuant to Section 13 and 15(d)

Other Comprehensive Income (Loss)

v3.20.4
Other Comprehensive Income (Loss)
12 Months Ended
Dec. 26, 2020
Equity [Abstract]  
Other Comprehensive Income (Loss) [Text Block]
Note 15 : Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) by component and related tax effects for each period were as follows:
(In Millions)
Unrealized Holding Gains (Losses) on Derivatives Actuarial Valuation and Other Pension Expenses Translation Adjustments and Other Total
December 31, 20171
$ 130  $ (1,028) $ (30) $ (928)
Other comprehensive income (loss) before reclassifications (310) 157  (16) (169)
Amounts reclassified out of accumulated other comprehensive income (loss) 109  126 
Tax effects 48  (56) (3)
Other comprehensive income (loss) (253) 210  (3) (46)
December 29, 2018 (123) (818) (33) (974)
Other comprehensive income (loss) before reclassifications (11) (753) 109  (655)
Amounts reclassified out of accumulated other comprehensive income (loss) 195  67  (6) 256 
Tax effects (7) 122  (22) 93 
Other comprehensive income (loss) 177  (564) 81  (306)
December 28, 2019 54  (1,382) 48  (1,280)
Other comprehensive income (loss) before reclassifications 806  (323) 55  538 
Amounts reclassified out of accumulated other comprehensive income (loss) (8) 89  (11) 70 
Tax effects (121) 51  (9) (79)
Other comprehensive income (loss) 677  (183) 35  529 
December 26, 2020 $ 731  $ (1,565) $ 83  $ (751)
1Balances as of December 31, 2017 include opening balance adjustments made as a result of changes in accounting principle due to the adoption of new accounting standards in 2018.
We estimate that we will reclassify approximately $330 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months.