Recognized prior service cost (credit)

  
The following table presents the amounts and line items in our consolidated statement of income where adjustments reclassified from AOCI into income were recorded (in millions):

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Amount Reclassified from AOCI into Income |
| Description of AOCI Component | Financial Statement Line Item |  |  | Three Months Ended April 1, 2022 |
| Foreign currency translation adjustments: |  |  |  |  |
| Divestitures, deconsolidations and other1 | Other income (loss) — net |  |  | $ | 200  |  |
|  | Income before income taxes |  |  | 200  |  |
|  | Income taxes  |  |  | —  |  |
|  | Consolidated net income |  |  | $ | 200  |  |
| Derivatives: |  |  |  |  |
| Foreign currency contracts | Net operating revenues |  |  | $ | (8) |  |
| Foreign currency contracts | Cost of goods sold |  |  | (1) |  |
| Foreign currency contracts | Interest expense |  |  | 1  |  |
|  |  |  |  |  |
| Foreign currency contracts | Other income (loss) — net |  |  | 11  |  |
|  | Income before income taxes |  |  | 3  |  |
|  | Income taxes |  |  | (1) |  |
|  | Consolidated net income |  |  | $ | 2  |  |
| Available-for-sale debt securities: |  |  |  |  |
|  |  |  |  |  |
| Sale of debt securities | Other income (loss) — net |  |  | $ | 4  |  |
|  | Income before income taxes |  |  | 4  |  |
|  | Income taxes |  |  | (1) |  |
|  | Consolidated net income |  |  | $ | 3  |  |
| Pension and other postretirement benefit liabilities: |  |  |  |  |
|  |  |  |  |  |
|  |  |  |  |  |
|  |  |  |  |  |
|  |  |  |  |  |
| Recognized net actuarial loss  | Other income (loss) — net |  |  | $ | 29  |  |
| Recognized prior service cost (credit) | Other income (loss) — net |  |  | (1) |  |
|  |  |  |  |  |
|  | Income before income taxes |  |  | 28  |  |
|  | Income taxes |  |  | (7) |  |
|  | Consolidated net income |  |  | $ | 21  |  |

1Related to the sale of our ownership interest in one of our equity method investments and the issuance of additional shares of stock by one of our equity method investees. Refer to Note 2 and Note 15, respectively.19
