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Other Comprehensive Income
 6 Months Ended
Jun. 30, 2013
Comprehensive Income (Loss) [Abstract]  
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)
The changes in the balances of each component of Accumulated Other Comprehensive Income ("AOCI") for the period ended June 30, 2013, including amounts reclassified out of AOCI, are as follows:

(In millions of dollars)
Unrealized Investment Gains
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Adjustments
 
Total
Beginning Balance
$
4

 
$
(3,451
)
 
$
140

 
$
(3,307
)
Other comprehensive income (loss) before reclassifications
(1
)
 
121

 
(340
)
 
(220
)
Amounts reclassified from accumulated other comprehensive income
—

 
92

 
—

 
92

Net current period other comprehensive income (loss)
(1
)
 
213

 
(340
)
 
(128
)
Ending Balance
$
3

 
$
(3,238
)
 
$
(200
)
 
$
(3,435
)


The components of other comprehensive income (loss) for the three and six-month periods ended June 30, 2013 and 2012 are as follows:
Three Months Ended June 30,
2013
 
2012
(In millions of dollars)
Pre-Tax

Tax

Net of Tax

 
Pre-Tax

Tax

Net of Tax

Foreign currency translation adjustments
$
(85
)
$
(1
)
$
(84
)
 
$
(191
)
$
(14
)
$
(177
)
Unrealized investment gains (losses)
(1
)
—

(1
)
 
—

1

(1
)
Pension/post-retirement plans:
 
 
 
 
 
 
 
Amortization of losses (gains) included in net periodic pension cost:


 
 
 
 


 
Prior service gains (a)
(5
)
(2
)
(3
)
 
(8
)
—

(8
)
Net actuarial losses (a)
78

28

50

 
68

1

67

Subtotal
73

26

47

 
60

1

59

Foreign currency translation adjustments
(23
)
(5
)
(18
)
 
60

33

27

Pension/post-retirement plans losses
50

21

29

 
120

34

86

Other comprehensive income (loss)
$
(36
)
$
20

$
(56
)
 
$
(71
)
$
21

$
(92
)
(a) Components of net periodic pension cost are included in compensation and benefits in the Consolidated Statements of Income. Tax on prior service gains and net actuarial losses is included in income tax expense.

Six Months Ended June 30,
2013
 
2012
(In millions of dollars)
Pre-Tax

Tax

Net of Tax

 
Pre-Tax

Tax

Net of Tax

Foreign currency translation adjustments
$
(345
)
$
(5
)
$
(340
)
 
$
(29
)
$
(14
)
$
(15
)
Unrealized investment gains (losses)
(1
)
—

(1
)
 
(1
)
2

(3
)
Pension/post-retirement plans:
 
 
 
 
 
 
 
Amortization of losses (gains) included in net periodic pension cost:

 
 
 
 
 
 
Prior service gains (a)
(11
)
(4
)
(7
)
 
(16
)
(5
)
(11
)
Net actuarial losses (a)
156

57

99

 
134

43

91

Subtotal
145

53

92

 
118

38

80

Foreign currency translation adjustments
157

36

121

 
16

5

11

Pension/post-retirement plans losses
302

89

213

 
134

43

91

Other comprehensive income (loss)
$
(44
)
$
84

$
(128
)
 
$
104

$
31

$
73

(a) Components of net periodic pension cost are included in compensation and benefits in the Consolidated Statements of Income. Tax on prior service gains and net actuarial losses is included in income tax expense.