Changes in Accumulated Other Comprehensive Losses
The change in Accumulated Other Comprehensive Losses (AOCL) presented on the Consolidated Balance Sheet and the impact of significant amounts reclassified from AOCL on information presented in the Consolidated Statement of Income for the year ending December 31, 2013, are reflected in the table below.
Changes in Accumulated Other Comprehensive Losses by Component 1
|
| | | | | | | | | | | | | | | | | | | |
| Year Ended December 31, 2013 | |
| Currency Translation Adjustment |
| | Unrealized Holding Gains (Losses) on Securities |
| | Derivatives |
| | Defined Benefit Plans |
| | Total |
|
Balance at January 1 | $ | (65 | ) | | $ | 1 |
| | $ | 125 |
| | $ | (6,430 | ) | | $ | (6,369 | ) |
Components of Other Comprehensive Income (Loss): | | | | | | | | |
Before Reclassifications | 42 |
| | (7 | ) | | (72 | ) | | 2,302 |
| | 2,265 |
|
Reclassifications 2 | — |
| | — |
| | (1 | ) | | 526 |
| | 525 |
|
Net Other Comprehensive Income (Loss) | 42 |
| | (7 | ) | | (73 | ) | | 2,828 |
| | 2,790 |
|
Balance at December 31 | $ | (23 | ) | | $ | (6 | ) | | $ | 52 |
| | $ | (3,602 | ) | | $ | (3,579 | ) |
1 All amounts are net of tax.
2 Refer to Note 21, Employee Benefits for reclassified components totaling $839 that are included in employee benefit costs for the year ending December 31, 2013. Related income taxes for the same period, totaling $313, are reflected in Income Tax Expense on the Consolidated Statement of Income. All other reclassified amounts were insignificant.
