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Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2013
Equity [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 nine-month period ended September 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
Balance as of January 1, 2013
$
4

 
$
(3,451
)
 
$
140

 
$
(3,307
)
Other comprehensive income (loss) before reclassifications
(1
)
 
36

 
(84
)
 
(49
)
Amounts reclassified from accumulated other comprehensive income
—

 
143

 
—

 
143

Net current period other comprehensive income (loss)
(1
)
 
179

 
(84
)
 
94

Balance as of September 30, 2013
$
3

 
$
(3,272
)
 
$
56

 
$
(3,213
)



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

Tax

Net of Tax

 
Pre-Tax

Tax

Net of Tax

Foreign currency translation adjustments
$
254

$
(2
)
$
256

 
$
171

$
4

$
167

Unrealized investment gains (losses)
—

—

—

 
—

(1
)
1

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


 
 
 
 


 
Prior service gains (a)
(6
)
(2
)
(4
)
 
(8
)
(6
)
(2
)
Net actuarial losses (a)
81

26

55

 
68

52

16

Subtotal
75

24

51

 
60

46

14

Foreign currency translation adjustments
(106
)
(25
)
(81
)
 
(132
)
(60
)
(72
)
Other
(6
)
(2
)
(4
)
 
—

—

—

Pension/post-retirement plans losses
(37
)
(3
)
(34
)
 
(72
)
(14
)
(58
)
Other comprehensive income (loss)
$
217

$
(5
)
$
222

 
$
99

$
(11
)
$
110

(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.
Nine Months Ended September 30,
2013
 
2012
(In millions of dollars)
Pre-Tax

Tax

Net of Tax

 
Pre-Tax

Tax

Net of Tax

Foreign currency translation adjustments
$
(91
)
$
(7
)
$
(84
)
 
$
142

$
(10
)
$
152

Unrealized investment gains (losses)
(1
)
—

(1
)
 
(1
)
1

(2
)
Pension/post-retirement plans:
 
 
 
 
 
 
 
Amortization of losses (gains) included in net periodic pension cost:


 
 
 
 
 
 
 Prior service gains (a)
(17
)
(6
)
(11
)
 
(24
)
(11
)
(13
)
 Net actuarial losses (a)
237

83

154

 
202

95

107

Subtotal
220

77

143

 
178

84

94

Foreign currency translation adjustments
51

11

40

 
(116
)
(55
)
(61
)
Other
(6
)
(2
)
(4
)
 
—

—

—

Pension/post-retirement plans losses
265

86

179

 
62

29

33

Other comprehensive income
$
173

$
79

$
94

 
$
203

$
20

$
183

(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.