Annual report pursuant to Section 13 and 15(d)

Other Comprehensive Income (Loss) (Tables)

v2.4.1.9
Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 27, 2014
Equity [Abstract]  
Components Of Other Comprehensive Income (Loss) [Table Text Block]
The components of other comprehensive income (loss) and related tax effects for each period were as follows:
  
 
2014
 
2013
 
2012
(In Millions)
 
Before
Tax
 
Tax
 
Net of
Tax
 
Before
Tax
 
Tax
 
Net of
Tax
 
Before
Tax
 
Tax
 
Net of
Tax
Change in unrealized holding gains (losses) on available-for-sale investments
 
$
1,029

 
$
(359
)
 
$
670

 
$
1,963

 
$
(687
)
 
$
1,276

 
$
909

 
$
(318
)
 
$
591

Less: adjustment for (gains) losses on available-for-sale investments included in net income
 
(142
)
 
49

 
(93
)
 
(146
)
 
51

 
(95
)
 
(187
)
 
66

 
(121
)
Less: adjustment for (gains) losses on deferred tax asset valuation allowance included in net income
 
—

 
(41
)
 
(41
)
 
—

 
(26
)
 
(26
)
 
—

 
(11
)
 
(11
)
Change in unrealized holding gains (losses) on derivatives
 
(589
)
 
160

 
(429
)
 
(166
)
 
76

 
(90
)
 
12

 
8

 
20

Less: adjustment for (gains) losses on derivatives included in net income
 
13

 
(11
)
 
2

 
30

 
(29
)
 
1

 
78

 
(13
)
 
65

Change in net prior service costs
 
(42
)
 
5

 
(37
)
 
17

 
(2
)
 
15

 
(4
)
 
1

 
(3
)
Less: adjustment for amortization of net prior service costs
 
6

 
(2
)
 
4

 
4

 
(1
)
 
3

 
5

 
(2
)
 
3

Change in actuarial valuation
 
(433
)
 
3

 
(430
)
 
725

 
(275
)
 
450

 
(321
)
 
91

 
(230
)
Less: adjustment for amortization of actuarial (gains) losses
 
37

 
(9
)
 
28

 
101

 
(31
)
 
70

 
90

 
(32
)
 
58

Change in net foreign currency translation adjustment
 
(275
)
 
24

 
(251
)
 
45

 
(7
)
 
38

 
12

 
(2
)
 
10

Other comprehensive income (loss)
 
$
(396
)
 
$
(181
)
 
$
(577
)
 
$
2,573

 
$
(931
)
 
$
1,642

 
$
594

 
$
(212
)
 
$
382

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
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 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 29, 2012
 
$
701

 
$
93

 
$
93

 
$
(32
)
 
$
(1,122
)
 
$
(132
)
 
$
(399
)
Other comprehensive income before reclassifications
 
1,963

 
—

 
(166
)
 
17

 
725

 
45

 
2,584

Amounts reclassified out of accumulated other comprehensive income (loss)
 
(146
)
 
—

 
30

 
4

 
101

 
—

 
(11
)
Tax effects
 
(636
)
 
(26
)
 
47

 
(3
)
 
(306
)
 
(7
)
 
(931
)
Other comprehensive income (loss)
 
1,181

 
(26
)
 
(89
)
 
18

 
520

 
38

 
1,642

December 28, 2013
 
1,882

 
67

 
4

 
(14
)
 
(602
)
 
(94
)
 
1,243

Other comprehensive income before reclassifications
 
1,029

 
—

 
(589
)
 
(42
)
 
(433
)
 
(275
)
 
(310
)
Amounts reclassified out of accumulated other comprehensive income (loss)
 
(142
)
 
—

 
13

 
6

 
37

 
—

 
(86
)
Tax effects
 
(310
)
 
(41
)
 
149

 
3

 
(6
)
 
24

 
(181
)
Other comprehensive income (loss)
 
577

 
(41
)
 
(427
)
 
(33
)
 
(402
)
 
(251
)
 
(577
)
December 27, 2014
 
$
2,459

 
$
26

 
$
(423
)
 
$
(47
)
 
$
(1,004
)
 
$
(345
)
 
$
666

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated statements of income, with presentation location, for each period were as follows:
 
 
Income Before Taxes Impact (In Millions)
 
 
Comprehensive Income Components
 
2014
 
2013
 
2012
 
Location
Unrealized holding gains (losses) on available-for-sale investments:
 
 
 
 
 
 
 
 
 
 
$
10

 
$
8

 
$
(8
)
 
Interest and other, net
 
 
132

 
138

 
195

 
Gains (losses) on equity investments, net
 
 
142

 
146

 
187

 
 
Unrealized holding gains (losses) on derivatives:
 
 
 
 
 
 
 
 
Currency forwards
 
(31
)
 
(61
)
 
11

 
Cost of sales
 
 
18

 
30

 
(63
)
 
Research and development
 
 
2

 
—

 
(25
)
 
Marketing, general and administrative
Other instruments
 
(2
)
 
1

 
(1
)
 
Cost of sales
 
 
(13
)
 
(30
)
 
(78
)
 
 
Amortization of pension and postretirement benefit components:
 
 
 
 
 
 
 
 
Prior service credits (costs)
 
(6
)
 
(4
)
 
(5
)
 
 
Actuarial gains (losses)
 
(37
)
 
(101
)
 
(90
)
 
 
 
 
(43
)
 
(105
)
 
(95
)
 
 
Total amounts reclassified out of accumulated other comprehensive income (loss)
 
$
86

 
$
11

 
$
14