v3.25.2
Shareholders' Equity
 6 Months Ended
Jun. 29, 2025
Equity [Abstract]  
Shareholders' Equity SHAREHOLDERS’ EQUITY
Share Repurchases. In the six-month period ended June 29, 2025, we repurchased 2.4 million of our outstanding shares for $600. On June 29, 2025, 6.9 million shares remained authorized by our board of directors (Board) for repurchase, representing 2.6% of our total shares outstanding. We repurchased 0.5 million shares for $139 in the six-month period ended June 30, 2024.
Dividends per Share. Our Board declared dividends per share of $1.50 and $3.00 for the three- and six-month periods ended June 29, 2025, and $1.42 and $2.84 for the three- and six-month periods ended June 30, 2024, respectively. We paid cash dividends of $402 and $785 for the three- and six-month periods ended June 29, 2025 and, $389 and $750 for the three- and six-month periods ended June 30, 2024, respectively.
Accumulated Other Comprehensive Loss. The changes, pretax and net of tax, in each component of accumulated other comprehensive loss (AOCL) consisted of the following:
Changes in Unrealized Cash Flow HedgesForeign Currency Translation AdjustmentsChanges in Retirement Plans’ Funded StatusAOCL
December 31, 2024$(76)$235 $(1,677)$(1,518)
Other comprehensive income, pretax119 607 34 760 
Provision for income tax, net(30)— (7)(37)
Other comprehensive income, net of tax89 607 27 723 
June 29, 2025$13 $842 $(1,650)$(795)
December 31, 2023$11 $673 $(1,843)$(1,159)
Other comprehensive loss, pretax(62)(295)81 (276)
Benefit for income tax, net18 — (17)1 
Other comprehensive loss, net of tax(44)(295)64 (275)
June 30, 2024$(33)$378 $(1,779)$(1,434)
Amounts reclassified out of AOCL related primarily to changes in our retirement plans’ funded status and included pretax recognized net actuarial losses and amortization of prior service credit. See Note O for these amounts, which are included in our net periodic pension and other post-retirement benefit cost (credit).