(Millions of dollars) | Foreign currency translation | Pension and other postretirement benefits | Derivative financial instruments | Available-for-sale securities | Total | |||||||||||||||
Balance at December 31, 2011 | $ | 206 | $ | (6,568 | ) | $ | (10 | ) | $ | 44 | $ | (6,328 | ) | |||||||
Balance at December 31, 2012 1 | $ | 456 | $ | (6,914 | ) | $ | (42 | ) | $ | 67 | $ | (6,433 | ) | |||||||
Other comprehensive income (loss) before reclassifications | (280 | ) | 2,280 | (4 | ) | 29 | 2,025 | |||||||||||||
Amounts reclassified from accumulated other comprehensive (income) loss | — | 482 | 41 | (13 | ) | 510 | ||||||||||||||
Other comprehensive income (loss) | (280 | ) | 2,762 | 37 | 16 | 2,535 | ||||||||||||||
Balance at December 31, 2013 | $ | 176 | $ | (4,152 | ) | $ | (5 | ) | $ | 83 | $ | (3,898 | ) |
1 | In conjunction with the Cat Japan share redemption, to reflect the increase in our ownership interest in Cat Japan from 67 percent to 100 percent, $107 million was reclassified to Accumulated other comprehensive income (loss) from other components of stockholders' equity and was not included in Comprehensive income during the second quarter of 2012. The amount was comprised of foreign currency translation of $167 million, pension and other postretirement benefits of $(61) million and available-for-sale securities of $1 million. |
(Millions of dollars) | Classification of income (expense) | Year ended December 31, 2013 | |||||
Pension and other postretirement benefits: | |||||||
Amortization of actuarial gain (loss) | Note 12 1 | $ | (781 | ) | |||
Amortization of prior service credit (cost) | Note 12 1 | 54 | |||||
Amortization of transition asset (obligation) | Note 12 1 | (2 | ) | ||||
Reclassifications before tax | (729 | ) | |||||
Tax (provision) benefit | 247 | ||||||
Reclassifications net of tax | $ | (482 | ) | ||||
Derivative financial instruments: | |||||||
Foreign exchange contracts | Other income (expense) | $ | (57 | ) | |||
Interest rate contracts | Other income (expense) | (3 | ) | ||||
Interest rate contracts | Interest expense of Financial Products | (6 | ) | ||||
Reclassifications before tax | (66 | ) | |||||
Tax (provision) benefit | 25 | ||||||
Reclassifications net of tax | $ | (41 | ) | ||||
Available-for-sale securities: | |||||||
Realized gain (loss) on sale of securities | Other income (expense) | $ | 19 | ||||
Tax (provision) benefit | (6 | ) | |||||
Reclassifications net of tax | $ | 13 | |||||
Total reclassifications from Accumulated other comprehensive income (loss) | $ | (510 | ) |