Annual report pursuant to Section 13 and 15(d)

Other Comprehensive Income (Loss) (Tables)

v3.3.1.900
Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 26, 2015
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:
 
 
December 26, 2015
 
December 27, 2014
 
December 28, 2013
Years Ended
(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
 
$
(999
)
 
$
350

 
$
(649
)
 
$
1,029

 
$
(359
)
 
$
670

 
$
1,963

 
$
(687
)
 
$
1,276

Less: adjustment for (gains) losses on available-for-sale investments included in net income
 
(93
)
 
32

 
(61
)
 
(142
)
 
49

 
(93
)
 
(146
)
 
51

 
(95
)
Less: adjustment for (gains) losses on deferred tax asset valuation allowance included in net income
 
—

 
(18
)
 
(18
)
 
—

 
(41
)
 
(41
)
 
—

 
(26
)
 
(26
)
Change in unrealized holding gains (losses) on derivatives
 
(298
)
 
93

 
(205
)
 
(589
)
 
160

 
(429
)
 
(166
)
 
76

 
(90
)
Less: adjustment for (gains) losses on derivatives included in net income
 
522

 
(160
)
 
362

 
13

 
(11
)
 
2

 
30

 
(29
)
 
1

Change in net prior service (costs) credits
 
(2
)
 
1

 
(1
)
 
(42
)
 
5

 
(37
)
 
17

 
(2
)
 
15

Less: adjustment for amortization of net prior service costs (credits)
 
10

 
(2
)
 
8

 
6

 
(2
)
 
4

 
4

 
(1
)
 
3

Change in actuarial gains (losses)
 
73

 
7

 
80

 
(433
)
 
3

 
(430
)
 
725

 
(275
)
 
450

Less: adjustment for amortization of actuarial (gains) losses
 
67

 
(19
)
 
48

 
37

 
(9
)
 
28

 
101

 
(31
)
 
70

Change in net foreign currency translation adjustment
 
(187
)
 
17

 
(170
)
 
(275
)
 
24

 
(251
)
 
45

 
(7
)
 
38

Other comprehensive income (loss)
 
$
(907
)
 
$
301

 
$
(606
)
 
$
(396
)
 
$
(181
)
 
$
(577
)
 
$
2,573

 
$
(931
)
 
$
1,642

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 28, 2013
 
$
1,882

 
$
67

 
$
4

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

Other comprehensive income (loss) 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

Other comprehensive income (loss) before reclassifications
 
(999
)
 
—

 
(298
)
 
(2
)
 
73

 
(187
)
 
(1,413
)
Amounts reclassified out of accumulated other comprehensive income (loss)
 
(93
)
 
—

 
522

 
10

 
67

 
—

 
506

Tax effects
 
382

 
(18
)
 
(67
)
 
(1
)
 
(12
)
 
17

 
301

Other comprehensive income (loss)
 
(710
)
 
(18
)
 
157

 
7

 
128

 
(170
)
 
(606
)
December 26, 2015
 
$
1,749

 
$
8

 
$
(266
)
 
$
(40
)
 
$
(876
)
 
$
(515
)
 
$
60

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 for Years Ended
(In Millions)
 
 
Comprehensive Income Components
 
Dec 26,
2015
 
Dec 27,
2014
 
Dec 28,
2013
 
Location
Unrealized holding gains (losses) on available-for-sale investments:
 
 
 
 
 
 
 
 
 
 
$
2

 
$
10

 
$
8

 
Interest and other, net
 
 
91

 
132

 
138

 
Gains (losses) on equity investments, net
 
 
93

 
142

 
146

 
 
Unrealized holding gains (losses) on derivatives:
 
 
 
 
 
 
 
 
Currency forwards
 
(290
)
 
(31
)
 
(61
)
 
Cost of Sales
 
 
(177
)
 
18

 
30

 
Research and development
 
 
(46
)
 
2

 
—

 
Marketing, general and administrative
Other instruments
 
—

 
(2
)
 
1

 
Cost of Sales
 
 
(9
)
 
—

 
—

 
Interest and other, net
 
 
(522
)
 
(13
)
 
(30
)
 
 
Amortization of pension and postretirement benefit components:
 
 
 
 
 
 
 
 
Prior service credits (costs)
 
(10
)
 
(6
)
 
(4
)
 
 
Actuarial gains (losses)
 
(67
)
 
(37
)
 
(101
)
 
 
 
 
(77
)
 
(43
)
 
(105
)
 
 
Total amounts reclassified out of accumulated other comprehensive income (loss)
 
$
(506
)
 
$
86

 
$
11