| Dividends Declared |
The Company declared the following dividends in fiscal 2025 and 2024: | | | | | | | | | | | | | | | | | Per Share | | Amount | | Payment Date | | | | $0.50 | | $0.9 billion | | July 23, 2025(1) | | | | $0.50 | | $0.9 billion | | January 16, 2025 | | | | $0.45 | | $0.8 billion | | July 25, 2024 | | | | $0.30 | | $0.5 billion | | January 10, 2024 | | |
(1)Amount represents our estimate of the dividend that will be paid on July 23, 2025. The actual amount will be determined based on shareholders of record at June 24, 2025.
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| Changes in Accumulated Other Comprehensive Income (Loss) |
The following tables summarize the changes in each component of accumulated other comprehensive income (loss) (AOCI) including our proportional share of equity method investee amounts: | | | | | | | | | | | | | | | | | | | | | | | | | | Market Value
Adjustments
for Hedges | | Unrecognized
Pension and
Postretirement
Medical
Expense | | Foreign
Currency
Translation
and Other | | AOCI | | | | AOCI, before tax | | First quarter of fiscal 2025 | | | | | | | | | Balance at September 28, 2024 | $ | (319) | | | $ | (2,243) | | | $ | (1,855) | | | $ | (4,417) | | | Quarter Ended December 28, 2024: | | | | | | | | | Unrealized gains (losses) arising during the period | 559 | | | — | | | (246) | | | 313 | | | Reclassifications of realized net (gains) losses to net income | (88) | | | 33 | | | — | | | (55) | | Star India Transaction | — | | | — | | | 904 | | | 904 | | | Balance at December 28, 2024 | $ | 152 | | | $ | (2,210) | | | $ | (1,197) | | | $ | (3,255) | | | | | | | | | | First quarter of fiscal 2024 | | | | | | | | | Balance at September 30, 2023 | $ | 259 | | | $ | (2,172) | | | $ | (1,974) | | | $ | (3,887) | | | Quarter Ended December 30, 2023: | | | | | | | | | Unrealized gains (losses) arising during the period | (277) | | | (3) | | | 137 | | | (143) | | | Reclassifications of realized net (gains) losses to net income | (140) | | | (24) | | | — | | | (164) | | | | | | | | | | | Balance at December 30, 2023 | $ | (158) | | | $ | (2,199) | | | $ | (1,837) | | | $ | (4,194) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | Market Value
Adjustments
for Hedges | | Unrecognized
Pension and
Postretirement
Medical
Expense | | Foreign
Currency
Translation
and Other | | AOCI | | | | Tax on AOCI | | | First quarter of fiscal 2025 | | | | | | | | | Balance at September 28, 2024 | $ | 71 | | | $ | 531 | | | $ | 116 | | | $ | 718 | | | Quarter Ended December 28, 2024: | | | | | | | | | Unrealized gains (losses) arising during the period | (130) | | | — | | | 24 | | | (106) | | | Reclassifications of realized net (gains) losses to net income | 21 | | | (8) | | | — | | | 13 | | | Star India Transaction | — | | | — | | | (58) | | | (58) | | | Balance at December 28, 2024 | $ | (38) | | | $ | 523 | | | $ | 82 | | | $ | 567 | | | | | | | | | | | First quarter of fiscal 2024 | | | | | | | | | Balance at September 30, 2023 | $ | (64) | | | $ | 517 | | | $ | 142 | | | $ | 595 | | | Quarter Ended December 30, 2023: | | | | | | | | | Unrealized gains (losses) arising during the period | 66 | | | — | | | (7) | | | 59 | | | Reclassifications of realized net (gains) losses to net income | 32 | | | 6 | | | — | | | 38 | | | | | | | | | | | Balance at December 30, 2023 | $ | 34 | | | $ | 523 | | | $ | 135 | | | $ | 692 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | Market Value
Adjustments
for Hedges | | Unrecognized
Pension and
Postretirement
Medical
Expense | | Foreign
Currency
Translation
and Other | | AOCI | | | | AOCI, after tax | | | First quarter of fiscal 2025 | | | | | | | | | Balance at September 28, 2024 | $ | (248) | | | $ | (1,712) | | | $ | (1,739) | | | $ | (3,699) | | | Quarter Ended December 28, 2024: | | | | | | | | | Unrealized gains (losses) arising during the period | 429 | | | — | | | (222) | | | 207 | | | Reclassifications of realized net (gains) losses to net income | (67) | | | 25 | | | — | | | (42) | | | Star India Transaction | — | | | — | | | 846 | | | 846 | | | Balance at December 28, 2024 | $ | 114 | | | $ | (1,687) | | | $ | (1,115) | | | $ | (2,688) | | | | | | | | | | | First quarter of fiscal 2024 | | | | | | | | | Balance at September 30, 2023 | $ | 195 | | | $ | (1,655) | | | $ | (1,832) | | | $ | (3,292) | | | Quarter Ended December 30, 2023: | | | | | | | | | Unrealized gains (losses) arising during the period | (211) | | | (3) | | | 130 | | | (84) | | | Reclassifications of realized net (gains) losses to net income | (108) | | | (18) | | | — | | | (126) | | | | | | | | | | | Balance at December 30, 2023 | $ | (124) | | | $ | (1,676) | | | $ | (1,702) | | | $ | (3,502) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Details about AOCI Components Reclassified to Net Income |
Details about AOCI components reclassified to net income are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Gain (loss) in net income: | | Affected line item in the Condensed Consolidated Statements of Operations: | | Quarter Ended | | | | | December 28,
2024 | | December 30,
2023 | | | | | | Market value adjustments, primarily cash flow hedges | | Primarily revenue | | $ | 88 | | | $ | 140 | | | | | | | Estimated tax | | Income taxes | | (21) | | | (32) | | | | | | | | | | 67 | | | 108 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pension and postretirement medical expense | | Interest expense, net | | (33) | | | 24 | | | | | | | Estimated tax | | Income taxes | | 8 | | | (6) | | | | | | | | | | (25) | | | 18 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total reclassifications for the period | | | | $ | 42 | | | $ | 126 | | | | | |
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