UNITED TECHNOLOGIES CORP /DE/ | 2013 | FY | 3

EQUITY
As of January 1, 2013, we adopted the provisions of the FASB issued ASU No. 2013-02, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income." As a result of this adoption, we have disclosed below the significant items reclassified to net income in their entirety during the period.
A summary of the changes in each component of accumulated other comprehensive (loss) income, net of tax for the year ended December 31, 2013 is provided below:
(dollars in millions)
 
Foreign
Currency
Translation

 
Defined Benefit
Pension and
Post-retirement
Plans

 
Unrealized Gains
(Losses) on
Available-for-
Sale Securities

 
Unrealized
Hedging
(Losses)
Gains

 
Accumulated
Other
Comprehensive
(Loss) Income

Balance at December 31, 2012
 
$
654

 
$
(6,250
)
 
$
145

 
$
3

 
$
(5,448
)
Other comprehensive (loss) income before reclassifications, net
 
(509
)
 
2,409

 
208

 
(100
)
 
2,008

Amounts reclassified
 
25

 
574

 
(57
)
 
18

 
560

Balance at December 31, 2013
 
$
170

 
$
(3,267
)
 
$
296

 
$
(79
)
 
$
(2,880
)

Details of the reclassification out of accumulated other comprehensive (loss) income for the year ended December 31, 2013 is provided below:
(dollars in millions)
Amount of Income (Expense) Reclassified from Other Comprehensive Income (Loss)

 
Affected Line Item in the Consolidated Statement of Comprehensive Income
Foreign Currency Translation:
 
 
 
Recognized due to business disposition
$
(25
)
 
Other income, net
Defined Benefit Pension and Post-retirement Plans:
 
 
 
Amortization of prior-service costs and transition obligation
$
44

 
Note (1)
Recognized actuarial net loss
(950
)
 
Note (1)
Total before tax
(906
)
 
 
Tax benefit
332

 
Income tax expense
Net of tax
$
(574
)
 
 
Unrealized Gains on Available-for-Sale Securities:
 
 
 
Realized gain on sale of securities, before tax
$
91

 
Other income, net
Tax expense
(34
)
 
Income tax expense
Net of tax
$
57

 
 
Unrealized Hedging (Losses) Gains:
 
 
 
Foreign exchange contracts
$
(25
)
 
Product Sales
Other contracts
2

 
Other income, net
Total before tax
(23
)
 
 
Tax benefit
5

 
Income tax expense
Net of tax
$
(18
)
 
 

(1) These accumulated other comprehensive components are included in the computation of net periodic pension cost (see Note 12 for additional details).
Changes in noncontrolling interests that do not result in a change of control, and where there is a difference between fair value and carrying value, are accounted for as equity transactions. A summary of these changes in ownership interests in subsidiaries and the pro-forma effect on Net income attributable to common shareowners had they been recorded through net income is provided below:
(dollars in millions)
 
2013
 
2012
 
2011
Net income attributable to common shareowners
 
$
5,721

 
$
5,130

 
$
4,979

Transfers to noncontrolling interests:
 
 
 
 
 
 
Increase in common stock for sale of subsidiary shares
 
—

 
—

 
3

Decrease in common stock for purchase of subsidiary shares
 
(49
)
 
(34
)
 
(54
)
Net income attributable to common shareowners after transfers to noncontrolling interests
 
$
5,672

 
$
5,096

 
$
4,928

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