Accumulated Other Comprehensive Income

6 Months Ended

Jun. 29, 2025

Accumulated other comprehensive income

Components of other comprehensive income/(loss) consist of the following:



(Dollars in Millions)	Foreign Currency Translation	Gain/ (Loss) On Securities	Employee Benefit Plans	Gain/ (Loss) On Derivatives & Hedges	Total Accumulated Other Comprehensive Income/(Loss)

December 29, 2024	$(8,441)	1	(1,551)	(1,750)	(11,741)



Net change	(3,739)	(1)	85	1,091	(2,564)
June 29, 2025	(12,180)	0	(1,466)	(659)	(14,305)

Amounts in accumulated other comprehensive income are presented net of the related tax impact. Foreign currency translation is not adjusted for income taxes where it relates to permanent investments in international subsidiaries. For additional details on comprehensive income see the Consolidated Statements of Comprehensive Income.

Details on reclassifications out of Accumulated Other Comprehensive Income:

Gain/(Loss) On Securities - reclassifications released to Other (income) expense, net.

Employee Benefit Plans - reclassifications are included in net periodic benefit cost. See Note 6 for additional details.

Gain/(Loss) On Derivatives & Hedges - reclassifications to earnings are recorded in the same account as the underlying transaction. See Note 4 for additional details.