ECOLAB INC | 2013 | FY | 3


9. OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

 

Comprehensive income (loss) includes net income, foreign currency translation adjustments, unrecognized gains and losses on securities, defined benefit pension and postretirement plan adjustments, gains and losses on derivative instruments designated and effective as cash flow hedges and non-derivative instruments designated and effective as foreign currency net investment hedges that are charged or credited to the accumulated other comprehensive loss account in shareholders’ equity.

 

The following table provides other comprehensive income (loss) information related to the company’s derivatives and hedging instruments and pension and postretirement benefits.

 

See Note 8 for additional information related to the company’s derivatives and hedging transactions. See Note 16 for additional information related to the company’s recognition of net actuarial losses and amortization of prior service benefits.

 

MILLIONS

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

Derivative & Hedging Instruments

 

 

 

 

 

 

 

Unrealized gains (losses) on derivative & hedging instruments
Amount recognized in AOCI

 

$

4.7

 

$

(1.9)

 

$

(24.3

)

(Gains) losses reclassified from AOCI into income

 

 

 

 

 

 

 

Sales

 

 

0.1

 

0.3

 

Cost of sales

 

0.8

 

(2.0)

 

4.7

 

SG&A

 

 

(0.2)

 

1.5

 

Interest expense, net

 

4.1

 

4.1

 

0.8

 

 

 

4.9

 

2.0

 

7.3

 

Translation & other insignificant activity

 

0.9

 

0.5

 

(0.4

)

Tax impact

 

(3.5)

 

(0.7)

 

7.2

 

Net of tax

 

$

7.0

 

$

(0.1)

 

$

(10.2

)

Pension & Postretirement Benefits

 

 

 

 

 

 

 

Amount recognized in AOCI

 

 

 

 

 

 

 

Current period net actuarial income (loss) and prior service costs

 

$

528.2

 

$

(238.6)

 

$

(183.4

)

Amount reclassified from AOCI

 

 

 

 

 

 

 

Amortization of net actuarial loss and prior service costs and benefits adjustments

 

72.9

 

50.3

 

36.1

 

 

 

601.1

 

(188.3)

 

(147.3

)

Tax impact

 

(218.2)

 

57.1

 

60.0

 

Net of tax

 

$

382.9

 

$

(131.2)

 

$

(87.3

)

 

 

 

 

 

 

 

 

 

 

 

 

The derivative losses reclassified from AOCI into income, net of tax, were $3.2 million, $1.1 million and $5.1 million in 2013, 2012 and 2011, respectively. The pension and postretirement net actuarial loss and prior service cost reclassified from AOCI into income, net of tax, was $46.4 million, $35.0 million and $21.4 million in 2013, 2012 and 2011, respectively.

 


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