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Supplemental Comprehensive Income (Loss) Information
12 Months Ended
Dec. 31, 2014
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Supplemental Comprehensive Income (Loss) Information
Supplemental Other Comprehensive Income (Loss) Information

Other Comprehensive Income (Loss) components attributable to Colgate-Palmolive Company before tax and net of tax during the years ended December 31 were as follows:
 
 
2014
 
2013
 
2012
 
 
Pre-tax
Net of Tax
 
Pre-tax
Net of Tax
 
Pre-tax
Net of Tax
 
 
 
 
 
 
 
 
 
 
Cumulative translation adjustments
 
$
(663
)
$
(681
)
 
$
(188
)
$
(163
)
 
$
18

$
(20
)
Pension and other benefits:
 
 
 
 
 
 
 
 
 
   Net actuarial gain (loss) and prior
   service costs arising during the
   period
 
(580
)
(374
)
 
295

189

 
(317
)
(207
)
   Amortization of net actuarial loss,
   transition and prior service costs(1)
 
67

45

 
111

70

 
101

62

   Curtailment loss - unamortized
prior service costs
(1)
 


 
91

59

 


Retirement Plan and other retiree benefit
adjustments
 
(513
)
(329
)
 
497

318

 
(216
)
(145
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
   Unrealized gains (losses) on available-
   for-sale securities(2)
 
(341
)
(222
)
 
(113
)
(73
)
 
28

18

   Reclassification of (gains) losses
   into net earnings on available-
   for-sale securities(3)
 
267

174

 
133

86

 


Gains (losses) on available-for-sale
securities
 
(74
)
(48
)
 
20

13

 
28

18

Cash flow hedges:
 
 
 
 
 
 
 
 
 
   Unrealized gains (losses) on cash flow
   hedges
 
9

6

 
20

13

 
13

8

   Reclassification of (gains) losses
   into net earnings on cash flow
   hedges(4)
 
(5
)
(4
)
 
(17
)
(11
)
 
(11
)
(7
)
Gains (losses) on cash flow hedges
 
4

2

 
3

2

 
2

1

Total Other comprehensive income (loss)
 
$
(1,246
)
$
(1,056
)
 
$
332

$
170

 
$
(168
)
$
(146
)

_________
(1) 
These components of Other comprehensive income (loss) are included in the computation of total pension cost. See Note 10, Retirement Plans and Other Retiree Benefits for additional details.
(2) 
For the year ended December 31, 2014, these amounts included pretax net losses of $324 related to the remeasurement of the bolivar denominated fixed interest rate bonds and the devaluation-protected bonds in Venezuela.
For the year ended December 31, 2013, these amounts included pretax losses of $133 related only to the remeasurement of the bolivar denominated fixed interest rate bonds in Venezuela as a result of the devaluation in the first quarter of 2013. No remeasurement charge was required on the devaluation-protected bonds in the first quarter of 2013 since the official exchange rate changed from 4.30 to 6.30 bolivares per dollar and the devaluation-protected bonds revalued to the official exchange rate. See Note 7, Fair Value Measurements and Financial Instruments for additional details.
(3) 
Represents reclassification of losses on the Venezuela bonds into Other (income) expense, net due to an impairment in the fair value of the bonds as a result of the effective devaluations in the first and third quarters of 2014 and the devaluation in 2013. See Note 7, Fair Value Measurements and Financial Instruments for additional details.
(4) 
These (gains) losses are reclassified into Cost of sales. See Note 7, Fair Value Measurements and Financial Instruments for additional details.

There were no tax impacts on Other comprehensive income (loss) attributable to Noncontrolling interests.


Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) is comprised of cumulative foreign currency translation gains and losses, unrecognized pension and other retiree benefit costs, unrealized gains and losses from derivative instruments designated as cash flow hedges and unrealized gains and losses on available-for-sale securities. At December 31, 2014 and 2013, Accumulated other comprehensive income (loss) consisted primarily of aftertax unrecognized pension and other retiree benefit costs of $1,064 and $735, respectively, and cumulative foreign currency translation adjustments of $2,453 and $1,772, respectively. Foreign currency translation adjustments in 2014 primarily reflect losses from the Euro, the Brazilian real, the Mexican peso, and the Swiss franc. In 2013, foreign currency translation adjustments primarily reflect gains from the Mexican peso, the Euro and the Swiss franc, which were offset by losses from the Brazilian real, the Australian dollar and the Argentine peso.