The following tables reflect the changes in accumulated other comprehensive income (loss) by component for the first quarter of 2026 and 2025 (in millions):
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Three-Month (13-Week) Period Ended |
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April 4, 2026 |
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Gains and (Losses) on |
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Foreign Currency |
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Adjustment to Early |
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Hedging Derivatives |
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Gains (Losses) |
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Retiree Medical Plan |
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Total |
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Accumulated other comprehensive
income (loss) at December 31, 2025 |
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$ |
(13 |
) |
|
$ |
(186 |
) |
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$ |
5 |
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|
$ |
(194 |
) |
Other comprehensive income (loss)
before reclassifications |
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(17 |
) |
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(10 |
) |
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- |
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(27 |
) |
Amounts reclassified from accumulated
other comprehensive income
into earnings (1) |
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15 |
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- |
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- |
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15 |
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Net current-period other
comprehensive income (loss) |
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(2 |
) |
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(10 |
) |
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- |
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(12 |
) |
Accumulated other comprehensive
income (loss) at April 4, 2026 |
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$ |
(15 |
) |
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$ |
(196 |
) |
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$ |
5 |
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$ |
(206 |
) |
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Three-Month (13-Week) Period Ended |
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April 5, 2025 |
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Gains and (Losses) on |
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Foreign Currency |
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Adjustment to Early |
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Hedging Derivatives |
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Gains (Losses) |
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Retiree Medical Plan |
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Total |
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Accumulated other comprehensive
income (loss) at December 31, 2024 |
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$ |
1 |
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|
$ |
(220 |
) |
|
$ |
11 |
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$ |
(208 |
) |
Other comprehensive income (loss)
before reclassifications |
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10 |
|
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(3 |
) |
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- |
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7 |
|
Amounts reclassified from accumulated
other comprehensive income
into earnings (1) |
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|
3 |
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- |
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- |
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3 |
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Net current-period other
comprehensive income (loss) |
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13 |
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(3 |
) |
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- |
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|
10 |
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Accumulated other comprehensive
income (loss) at April 5, 2025 |
|
$ |
14 |
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|
$ |
(223 |
) |
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$ |
11 |
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$ |
(198 |
) |
(1)Includes $15 and $3 net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the first quarter of 2026 and 2025, respectively. The tax impact of those reclassifications was $5 and $1 in the first quarter of 2026 and 2025, respectively.
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