INTERNATIONAL PAPER CO /NEW/ | 2013 | FY | 3

The following table presents changes in AOCI for the year ended December 31, 2013:
In millions
Defined Benefit Pension and Postretirement Items (a)

Change in Cumulative Foreign Currency Translation Adjustments (a)

Net Gains and Losses on Cash Flow Hedging Derivatives (a)

Total (a)

Balance as of January 1, 2013
$
(3,596
)
$
(246
)
$
2

$
(3,840
)
Other comprehensive income (loss) before reclassifications
1,184

(443
)
—

741

Amounts reclassified from accumulated other comprehensive income
307

17

(7
)
317

Net Current Period Other Comprehensive Income
1,491

(426
)
(7
)
1,058

Other Comprehensive Income (Loss) Attributable to Noncontrolling Interest
—

23

—

23

Balance as of December 31, 2013
$
(2,105
)
$
(649
)
$
(5
)
$
(2,759
)

(a) All amounts are net of tax. Amounts in parentheses indicate debits to AOCI.

The following table presents changes in AOCI for the year ended December 31, 2012:
In millions
Defined Benefit Pension and Postretirement Items (a)

Change in Cumulative Foreign Currency Translation Adjustments (a)

Net Gains and Losses on Cash Flow Hedging Derivatives (a)

Total (a)

Balance as of January 1, 2012
$
(2,852
)
$
(118
)
$
(35
)
$
(3,005
)
Other comprehensive income (loss) before reclassifications
(939
)
(96
)
15

(1,020
)
Amounts reclassified from accumulated other comprehensive income
195

(35
)
22

182

Net Current Period Other Comprehensive Income
(744
)
(131
)
37

(838
)
Other Comprehensive Income (Loss) Attributable to Noncontrolling Interest
—

3

—

3

Balance as of December 31, 2012
$
(3,596
)
$
(246
)
$
2

$
(3,840
)

(a) All amounts are net of tax. Amounts in parentheses indicate debits to AOCI.

The following table presents changes in AOCI for the year ended December 31, 2011:
In millions
Defined Benefit Pension and Postretirement Items (a)

Change in Cumulative Foreign Currency Translation Adjustments (a)

Net Gains and Losses on Cash Flow Hedging Derivatives (a)

Total (a)

Balance as of January 1, 2011
$
(2,203
)
$
378

$
—

$
(1,825
)
Other comprehensive income (loss) before reclassifications
(788
)
(492
)
(43
)
(1,323
)
Amounts reclassified from accumulated other comprehensive income
139

—

8

147

Net Current Period Other Comprehensive Income
(649
)
(492
)
(35
)
(1,176
)
Other Comprehensive Income (Loss) Attributable to Noncontrolling Interest
—

(4
)
—

(4
)
Balance as of December 31, 2011
$
(2,852
)
$
(118
)
$
(35
)
$
(3,005
)

(a) All amounts are net of tax. Amounts in parentheses indicate debits to AOCI.

The following table presents details of the reclassifications out of AOCI for the three years ended:
Details About Accumulated Other Comprehensive Income Components
Amount Reclassified from Accumulated Other Comprehensive Income (a)
 
 
Location of Amount Reclassified from AOCI
2013

2012

2011

 
In millions
 
 
 
 
 
Defined benefit pension and postretirement items:
 
 
 
 
 
Prior-service costs
$
(9
)
$
(2
)
$
(6
)
(b)
Cost of products sold
Actuarial gains/(losses)
(493
)
(317
)
(221
)
(b)
Cost of products sold
Total pre-tax amount
(502
)
(319
)
(227
)
 
 
Tax (expense)/benefit
195

124

88

 
 
Net of tax
(307
)
(195
)
(139
)
 
 
Change in cumulative foreign currency translation adjustments:
 
 
 
 
 
Business acquisition/divestiture
(17
)
48

—

 
Net (gains) losses on sales and impairments of businesses
Tax (expense)/benefit
—

(13
)
—

 
 
Net of tax
(17
)
35

—

 
 
Net gains and losses on cash flow hedging derivatives:
 
 
 
 
 
Foreign exchange contracts
10

(24
)
10

(c)
Cost of products sold
Fuel oil contracts
—

—

6

(c)
Cost of products sold
Natural gas contracts
—

(11
)
(32
)
(c)
Cost of products sold
Total pre-tax amount
10

(35
)
(16
)
 
 
Tax (expense)/benefit
(3
)
13

8

 
 
Net of tax
7

(22
)
(8
)
 
 
Total reclassifications for the period
$
(317
)
$
(182
)
$
(147
)
 
 

(a) Amounts in parentheses indicate debits to earnings/loss.
(b) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 16 for additional details).
(c) This accumulated other comprehensive income component is included in our derivatives and hedging activities (see Note 14 for additional details).

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