in millions | |||||||
2013 | 2012 | ||||||
Accumulated other comprehensive income (loss), net of taxes: | |||||||
Unrealized net hedging gain (loss) | $ | (4 | ) | $ | 10 | ||
Unrealized net gain (loss) on investments | (2 | ) | 1 | ||||
Currency translation adjustment | (69 | ) | (32 | ) | |||
Postretirement benefits reserve adjustments | (33 | ) | (42 | ) | |||
Total accumulated other comprehensive loss | $ | (108 | ) | $ | (63 | ) |
in millions | ||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||||
Before Tax | Tax | After Tax | Before Tax | Tax | After Tax | Before Tax | Tax | After Tax | ||||||||||||||||||||||
Derivatives accounted for as cash flow hedges: | ||||||||||||||||||||||||||||||
(Gain) loss reclassified to Cost of Sales | $ | 5 | $ | (2 | ) | $ | 3 | $ | 16 | $ | (7 | ) | $ | 9 | $ | (25 | ) | $ | 10 | $ | (15 | ) | ||||||||
(Gain) loss reclassified to Other Income/Expense | 4 | (2 | ) | 2 | (4 | ) | 2 | (2 | ) | — | — | — | ||||||||||||||||||
Unrealized gain (loss) | (31 | ) | 12 | (19 | ) | 16 | (6 | ) | 10 | 4 | (6 | ) | (2 | ) | ||||||||||||||||
Investments: | ||||||||||||||||||||||||||||||
Gain reclassified to Other Income/Expense | (1 | ) | — | (1 | ) | — | — | — | — | — | — | |||||||||||||||||||
Unrealized gain (loss) | (4 | ) | 2 | (2 | ) | — | — | — | (12 | ) | 4 | (8 | ) | |||||||||||||||||
Currency translation: | ||||||||||||||||||||||||||||||
Translation gain reclassified to Other Income/Expense | (19 | ) | (1 | ) | (20 | ) | — | — | — | — | — | — | ||||||||||||||||||
Translation adjustment | (20 | ) | 3 | (17 | ) | 2 | 1 | 3 | (42 | ) | 1 | (41 | ) | |||||||||||||||||
Postretirement benefits (Note 15) | 15 | (6 | ) | 9 | (6 | ) | 2 | (4 | ) | (21 | ) | 8 | (13 | ) | ||||||||||||||||
Total Other Comprehensive Income (Loss) | $ | (51 | ) | $ | 6 | $ | (45 | ) | $ | 24 | $ | (8 | ) | $ | 16 | $ | (96 | ) | $ | 17 | $ | (79 | ) |