Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income

v2.4.0.8
Comprehensive Income
 6 Months Ended
Jun. 29, 2013
Comprehensive Income (Loss) [Abstract]  
Comprehensive Income [Text Block]
Note 17: Comprehensive Income
The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first six months of 2013 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
 
946

 
—

 
(188
)
 
—

 
57

 
(28
)
 
787

Amounts reclassified out of accumulated other comprehensive income
 
(12
)
 
—

 
23

 
2

 
51

 
—

 
64

Tax effects
 
(327
)
 
—

 
58

 
—

 
(38
)
 
—

 
(307
)
Other comprehensive income (loss)
 
607

 
—

 
(107
)
 
2

 
70

 
(28
)
 
544

June 29, 2013
 
$
1,308

 
$
93

 
$
(14
)
 
$
(30
)
 
$
(1,052
)
 
$
(160
)
 
$
145



The amounts reclassified out of accumulated other comprehensive income into the consolidated condensed statements of income, with presentation location, during each period were as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
 
 
Jun 29,
2013
 
Jun 30,
2012
 
Jun 29,
2013
 
Jun 30,
2012
 
 
Comprehensive Income Components
 
Income Before Taxes Impact (In Millions)
 
Income Before Taxes Impact (In Millions)
 
Location
Unrealized holding gains (losses) on available-for-sale investments
 
 
 
 
 
 
 
 
 
 
 
 
$
—

 
$
(1
)
 
$
3

 
$
(12
)
 
Interest and other, net
 
 
8

 
32

 
9

 
38

 
Gains (losses) on equity investments, net
 
 
8

 
31

 
12

 
26

 
 
Unrealized holding gains (losses) on derivatives
 
 
 
 
 
 
 
 
 
 
Currency forwards
 
(28
)
 
11

 
(28
)
 
26

 
Cost of sales
 
 
5

 
(15
)
 
8

 
(36
)
 
Research and development
 
 
(3
)
 
(6
)
 
(4
)
 
(11
)
 
Marketing, general and administrative
Other instruments
 
1

 
—

 
1

 
(1
)
 
Cost of sales
 
 
(25
)
 
(10
)
 
(23
)
 
(22
)
 
 
Amortization of pension and postretirement benefit components
 
 
 
 
 
 
 
 
 
 
Prior service credits (costs)
 
(1
)
 
(1
)
 
(2
)
 
(2
)
 
 
Actuarial gains (losses)
 
(26
)
 
(23
)
 
(51
)
 
(46
)
 
 
 
 
(27
)
 
(24
)
 
(53
)
 
(48
)
 
 
Total amounts reclassified out of accumulated other comprehensive income
 
$
(44
)
 
$
(3
)
 
$
(64
)
 
$
(44
)
 
 


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 29, 2012.

We estimate that we will reclassify approximately $28 million (before taxes) of net derivative losses included in accumulated other comprehensive income (loss) into earnings within the next 12 months.