Accumulated other comprehensive income

12 Months Ended

Dec. 31, 2014

Accumulated other comprehensive income

(20) Accumulated other comprehensive income

A summary of the net changes in after-tax accumulated other comprehensive income attributable to Berkshire Hathaway shareholders for each of the three years ending December 31, 2014 and significant amounts reclassified out of accumulated other comprehensive income for each of the years ending December 31, 2014 and 2013 follows (in millions).

	Unrealized appreciation of investments, net			Foreign currency translation			Prior service and actuarial gains/losses of defined benefit pension plans			Other			Accumulated other comprehensive income
Balance at December 31, 2011	$	19,626		$	(383	)	$	(1,589	)	$	—		$	17,654
Other comprehensive income, net		9,647			267			(21	)		(47	)		9,846
Transactions with noncontrolling interests		(19	)		(4	)		9			14			—
		9,628			263			(12	)		(33	)		9,846
Balance at December 31, 2012		29,254			(120	)		(1,601	)		(33	)		27,500
Other comprehensive income, net before reclassifications		16,379			25			1,534			106			18,044
Reclassifications from accumulated other comprehensive income		(1,591	)		(31	)		114			10			(1,498	)
Transactions with noncontrolling interests		—			(20	)		(1	)		—			(21	)
		14,788			(26	)		1,647			116			16,525
Balance at December 31, 2013		44,042			(146	)		46			83			44,025
Other comprehensive income, net before reclassifications		3,778			(1,877	)		(1,130	)		31			802
Reclassifications from accumulated other comprehensive income		(2,184	)		66			45			(22	)		(2,095	)
		1,594			(1,811	)		(1,085	)		9			(1,293	)
Balance at December 31, 2014	$	45,636		$	(1,957	)	$	(1,039	)	$	92		$	42,732
Reclassifications from other comprehensive income into net earnings are included on the following line items:
Year ending December 31, 2013:
Investment gains/losses:
Insurance and other	$	(2,382	)	$	—		$	—		$	—		$	(2,382	)
Finance and financial products		(65	)		—			—			—			(65	)
Other		—			(31	)		167			17			153
Reclassifications before income taxes		(2,447	)		(31	)		167			17			(2,294	)
Applicable income taxes		(856	)		—			53			7			(796	)
	$	(1,591	)	$	(31	)	$	114		$	10		$	(1,498	)
Year ending December 31, 2014:
Investment gains/losses:
Insurance and other	$	(3,288	)	$	—		$	—		$	—		$	(3,288	)
Finance and financial products		(72	)		—			—			—			(72	)
Other		—			75			58			(39	)		94
Reclassifications before income taxes		(3,360	)		75			58			(39	)		(3,266	)
Applicable income taxes		(1,176	)		9			13			(17	)		(1,171	)
	$	(2,184	)	$	66		$	45		$	(22	)	$	(2,095	)