EQUITY As of January 1, 2013, we adopted the provisions of the FASB issued ASU No. 2013-02, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income." As a result of this adoption, we have disclosed below the significant items reclassified to net income in their entirety during the period. A summary of the changes in each component of accumulated other comprehensive (loss) income, net of tax for the year ended December 31, 2013 is provided below: | | | | | | | | | | | | | | | | | | | | | | (dollars in millions) | | Foreign Currency Translation |
| | Defined Benefit Pension and Post-retirement Plans |
| | Unrealized Gains (Losses) on Available-for- Sale Securities |
| | Unrealized Hedging (Losses) Gains |
| | Accumulated Other Comprehensive (Loss) Income |
| Balance at December 31, 2012 | | $ | 654 |
| | $ | (6,250 | ) | | $ | 145 |
| | $ | 3 |
| | $ | (5,448 | ) | Other comprehensive (loss) income before reclassifications, net | | (509 | ) | | 2,409 |
| | 208 |
| | (100 | ) | | 2,008 |
| Amounts reclassified | | 25 |
| | 574 |
| | (57 | ) | | 18 |
| | 560 |
| Balance at December 31, 2013 | | $ | 170 |
| | $ | (3,267 | ) | | $ | 296 |
| | $ | (79 | ) | | $ | (2,880 | ) |
Details of the reclassification out of accumulated other comprehensive (loss) income for the year ended December 31, 2013 is provided below: | | | | | | | (dollars in millions) | Amount of Income (Expense) Reclassified from Other Comprehensive Income (Loss) |
| | Affected Line Item in the Consolidated Statement of Comprehensive Income | Foreign Currency Translation: | | | | Recognized due to business disposition | $ | (25 | ) | | Other income, net | Defined Benefit Pension and Post-retirement Plans: | | | | Amortization of prior-service costs and transition obligation | $ | 44 |
| | Note (1) | Recognized actuarial net loss | (950 | ) | | Note (1) | Total before tax | (906 | ) | | | Tax benefit | 332 |
| | Income tax expense | Net of tax | $ | (574 | ) | | | Unrealized Gains on Available-for-Sale Securities: | | | | Realized gain on sale of securities, before tax | $ | 91 |
| | Other income, net | Tax expense | (34 | ) | | Income tax expense | Net of tax | $ | 57 |
| | | Unrealized Hedging (Losses) Gains: | | | | Foreign exchange contracts | $ | (25 | ) | | Product Sales | Other contracts | 2 |
| | Other income, net | Total before tax | (23 | ) | | | Tax benefit | 5 |
| | Income tax expense | Net of tax | $ | (18 | ) | | |
(1) These accumulated other comprehensive components are included in the computation of net periodic pension cost (see Note 12 for additional details). Changes in noncontrolling interests that do not result in a change of control, and where there is a difference between fair value and carrying value, are accounted for as equity transactions. A summary of these changes in ownership interests in subsidiaries and the pro-forma effect on Net income attributable to common shareowners had they been recorded through net income is provided below: | | | | | | | | | | | | | | (dollars in millions) | | 2013 | | 2012 | | 2011 | Net income attributable to common shareowners | | $ | 5,721 |
| | $ | 5,130 |
| | $ | 4,979 |
| Transfers to noncontrolling interests: | | | | | | | Increase in common stock for sale of subsidiary shares | | — |
| | — |
| | 3 |
| Decrease in common stock for purchase of subsidiary shares | | (49 | ) | | (34 | ) | | (54 | ) | Net income attributable to common shareowners after transfers to noncontrolling interests | | $ | 5,672 |
| | $ | 5,096 |
| | $ | 4,928 |
|
|