XML 75 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2014
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 three- and six-month periods ended June 30, 2014 and 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 April 1, 2014
$
5

 
$
(2,847
)
 
$
134

 
$
(2,708
)
Other comprehensive income (loss) before reclassifications
—

 
(69
)
 
137

 
68

Amounts reclassified from accumulated other comprehensive income
—

 
33

 
—

 
33

Net current period other comprehensive income (loss)
—

 
(36
)
 
137

 
101

Balance as of June 30, 2014
$
5

 
$
(2,883
)
 
$
271

 
$
(2,607
)
(In millions of dollars)
Unrealized Investment Gains
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Adjustments
 
Total
Balance as of April 1, 2013
4

 
(3,267
)
 
(116
)
 
$
(3,379
)
Other comprehensive income (loss) before reclassifications
(1
)
 
(18
)
 
(84
)
 
(103
)
Amounts reclassified from accumulated other comprehensive income
—

 
47

 
—

 
47

Net current period other comprehensive income (loss)
(1
)
 
29

 
(84
)
 
(56
)
Balance as of June 30, 2013
$
3

 
$
(3,238
)
 
$
(200
)
 
$
(3,435
)
(In millions of dollars)
Unrealized Investment Gains
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Adjustments
 
Total
Balance as of January 1, 2014
$
5

 
$
(2,682
)
 
$
56

 
$
(2,621
)
Other comprehensive income (loss) before reclassifications
—

 
(268
)
 
215

 
(53
)
Amounts reclassified from accumulated other comprehensive income
—

 
67

 
—

 
67

Net current period other comprehensive income (loss)
—

 
(201
)
 
215

 
14

Balance as of June 30, 2014
$
5

 
$
(2,883
)
 
$
271

 
$
(2,607
)

(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
)
 
121

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

 
92

 
—

 
92

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

 
(340
)
 
(128
)
Balance as of June 30, 2013
$
3

 
$
(3,238
)
 
$
(200
)
 
$
(3,435
)

The components of other comprehensive income (loss) for the three- and six-month periods ended June 30, 2014 and 2013 are as follows:
Three Months Ended June 30,
2014
 
2013
 
 
 
 
(In millions of dollars)
Pre-Tax

Tax

Net of Tax

 
Pre-Tax

Tax

Net of Tax

Foreign currency translation adjustments
$
136

$
(1
)
$
137

 
$
(85
)
$
(1
)
$
(84
)
Unrealized investment gains (losses)
—

—

—

 
(1
)
—

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


 
Prior service gains (a)
(2
)
(1
)
(1
)
 
(5
)
(2
)
(3
)
Net actuarial losses (a)
49

15

34

 
78

28

50

Subtotal
47

14

33

 
73

26

47

Foreign currency translation adjustments
(91
)
(20
)
(71
)
 
(23
)
(5
)
(18
)
Other
2

—

2

 
—

—

—

Pension/post-retirement plans (losses) gains
(42
)
(6
)
(36
)
 
50

21

29

Other comprehensive income (loss)
$
94

$
(7
)
$
101

 
$
(36
)
$
20

$
(56
)
(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,
2014
 
2013
(In millions of dollars)
Pre-Tax

Tax

Net of Tax

 
Pre-Tax

Tax

Net of Tax

Foreign currency translation adjustments
$
207

$
(8
)
$
215

 
$
(345
)
$
(5
)
$
(340
)
Unrealized investment gains (losses)
—

—

—

 
(1
)
—

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


 
 
 
 
 
 
 Prior service gains (a)
(5
)
(2
)
(3
)
 
(11
)
(4
)
(7
)
 Net actuarial losses (a)
100

30

70

 
156

57

99

Subtotal
95

28

67

 
145

53

92

Effect of remeasurement
(166
)
(33
)
(133
)
 
—

—

—

Effect of curtailment
(65
)
(13
)
(52
)
 
—

—

—

Foreign currency translation adjustments
(108
)
(22
)
(86
)
 
157

36

121

Other
3

—

3

 
—

—

—

Pension/post-retirement plans (losses) gains
(241
)
(40
)
(201
)
 
302

89

213

Other comprehensive (loss) income
$
(34
)
$
(48
)
$
14

 
$
(44
)
$
84

$
(128
)
(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.