Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | |||||||||
(in millions) | |||||||||||
Foreign currency translation adjustments: | |||||||||||
Balance at beginning of year | $ | (62 | ) | $ | (120 | ) | $ | (22 | ) | ||
Aggregate adjustment for the year | 45 | 58 | (98 | ) | |||||||
Balance at end of year | (17 | ) | (62 | ) | (120 | ) | |||||
Gains (losses) on derivatives: | |||||||||||
Balance at beginning of year | $ | 14 | $ | (45 | ) | $ | 53 | ||||
Other comprehensive income before reclassifications (net tax effect of $0 million, $33 million and $40 million) | (14 | ) | 57 | (69 | ) | ||||||
Reclassification to income (net tax effect of $5 million, $0 million and $17 million) | 2 | 2 | (29 | ) | |||||||
Balance at end of year | 2 | 14 | (45 | ) | |||||||
Pension and postretirement plans: | |||||||||||
Balance at beginning of year | $ | (189 | ) | $ | (18 | ) | $ | 59 | |||
Other comprehensive income before reclassifications (net tax effect of $7 million, $57 million and $22 million) | (40 | ) | (171 | ) | (77 | ) | |||||
Reclassification to income (net tax effect of $2 million, $0 million and $0 million) | 7 | — | — | ||||||||
Balance at end of year | (222 | ) | (189 | ) | (18 | ) | |||||
Accumulated other comprehensive (loss) income, end of year | $ | (237 | ) | $ | (237 | ) | $ | (183 | ) | ||
Reclassification out of Accumulated Other Comprehensive Income | ||||||
Details about Accumulated Other Comprehensive Income Components | Year Ended December 31, 2013 | Affected Line Item in the Statement of Operations | ||||
(in millions) | ||||||
Gains (losses) on derivatives: | ||||||
Commodity derivatives | $ | (22 | ) | Cost of sales | ||
Foreign currency derivatives | 23 | Cost of sales | ||||
Foreign currency derivatives | 2 | Other income | ||||
3 | Total income before income taxes | |||||
(5 | ) | Income tax expense | ||||
(2 | ) | Net loss | ||||
— | Net income attributable to noncontrolling interest | |||||
$ | (2 | ) | Net loss attributable to Delphi | |||
Pension and postretirement plans: | ||||||
Actuarial gains/(losses) | $ | (9 | ) | (1) | ||
(9 | ) | Total loss before income taxes | ||||
2 | Income tax benefit | |||||
(7 | ) | Net loss | ||||
— | Net income attributable to noncontrolling interest | |||||
$ | (7 | ) | Net loss attributable to Delphi | |||
Total reclassifications for the year | $ | (9 | ) | |||
(1) | These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 12. Pension Benefits for additional details). |