Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2015

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 12: Accumulated Other Comprehensive Income (Loss)

The changes in the components of accumulated other elements of comprehensive income (loss) attributable to Cameron stockholders for the three months ended June 30, 2015 and 2014 were as follows:

	Three Months Ended June 30, 2015
(dollars in millions)	Accumulated Foreign Currency Translation Gain (Loss)			Prior Service Credits and Net Actuarial Losses			Accumulated Gain (Loss) on Cash Flow Hedge Derivatives			Total			Three Months Ended June 30, 2014
Balance at beginning of period	$	(625	)	$	(78	)	$	(62	)	$	(765	)	$	(69	)
Other comprehensive income (loss) before reclassifications:
Pre-tax		50			–			15			65			(6	)
Tax effect		–			–			(12	)		(12	)		1
Amounts reclassified from accumulated other comprehensive income to:
Revenues		–			–			18			18			(2	)
Cost of sales		–			–			9			9			(2	)
Tax effect		–			–			(8	)		(8	)		2
Net current period other comprehensive income (loss)		50			–			22			72			(7	)
Balance at end of period	$	(575	)	$	(78	)	$	(40	)	$	(693	)	$	(76	)

The changes in the components of accumulated other elements of comprehensive income (loss) attributable to Cameron stockholders for the three months ended June 30, 2015 and 2014 were as follows:

	Six Months Ended June 30, 2015
(dollars in millions)	Accumulated Foreign Currency Translation Gain (Loss)			Prior Service Credits and Net Actuarial Losses			Accumulated Gain (Loss) on Cash Flow Hedge Derivatives			Total			Six Months Ended June 30, 2014
Balance at beginning of period	$	(428	)	$	(78	)	$	(34	)	$	(540	)	$	(80	)
Other comprehensive income (loss) before reclassifications:
Pre-tax		(147	)		–			(43	)		(190	)		10
Tax effect		–			–			4			4			(2	)
Amounts reclassified from accumulated other comprehensive income to:
Revenues		–			–			29			29			(5	)
Cost of sales		–			–			17			17			(2	)
Tax effect		–			–			(13	)		(13	)		3
Net current period other comprehensive income (loss)		(147	)		–			(6	)		(153	)		4
Balance at end of period	$	(575	)	$	(78	)	$	(40	)	$	(693	)	$	(76	)