Bank of New York Mellon Corp | 2013 | FY | 3


Other comprehensive income (loss)

Components of other comprehensive income (loss)
 
Year ended
 
Dec. 31, 2013
 
Dec 31, 2012
 
Dec. 31, 2011
(in millions)
Pre-tax
amount

Tax
(expense)
benefit

After-tax
amount

 
Pre-tax
amount

Tax
(expense)
benefit

After-tax
amount

 
Pre-tax
amount

Tax
(expense)
benefit

After-tax
amount

Foreign currency translation:
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments arising during the period
$
130

$
62

$
192

 
$
80

$
50

$
130

 
$
(184
)
$
(11
)
$
(195
)
Total foreign currency translation
130

62

192

 
80

50

130

 
(184
)
(11
)
(195
)
Unrealized gain (loss) on assets available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) arising during period
(1,466
)
577

(889
)
 
1,611

(604
)
1,007

 
483

(177
)
306

Reclassification adjustment (a)
(129
)
55

(74
)
 
(162
)
56

(106
)
 
(48
)
22

(26
)
Net unrealized gain (loss) on assets available-for-sale
(1,595
)
632

(963
)
 
1,449

(548
)
901

 
435

(155
)
280

Defined benefit plans:
 
 
 
 
 
 
 
 
 
 
 
Prior service cost arising during the period
(2
)
1

(1
)
 
98

(41
)
57

 



Net (gain) loss arising during the period
732

(303
)
429

 
(298
)
108

(190
)
 
(741
)
298

(443
)
Foreign exchange adjustment



 



 
(4
)
1

(3
)
Amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost (a)
209

(83
)
126

 
173

(69
)
104

 
114

(45
)
69

Total defined benefit plans
939

(385
)
554

 
(27
)
(2
)
(29
)
 
(631
)
254

(377
)
Unrealized gain (loss) on cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized hedge gain (loss) arising during period
136

(54
)
82

 
242

(99
)
143

 
(640
)
214

(426
)
Reclassification adjustment (a)
(124
)
51

(73
)
 
(239
)
97

(142
)
 
643

(214
)
429

Net unrealized gain (loss) on cash flow hedges
12

(3
)
9

 
3

(2
)
1

 
3


3

Total other comprehensive income (loss)
$
(514
)
$
306

$
(208
)
 
$
1,505

$
(502
)
$
1,003

 
$
(377
)
$
88

$
(289
)
(a)
The reclassification adjustment related to the unrealized gain (loss) on assets available-for-sale is recorded as net securities gains on the Consolidated Income Statement. The amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost is recorded as staff expense on the Consolidated Income Statement. See Note 23 of the Notes to Consolidated Financial Statements for the location of the reclassification adjustment related to cash flow hedges on the Consolidated Income Statement.


Changes in accumulated other comprehensive income (loss) attributable to The Bank of New York Mellon Corporation shareholders
 
 
ASC 820 Adjustments
Unrealized gain (loss) on assets available-for-sale

Unrealized gain (loss) on cash flow hedges

Total accumulated other comprehensive income (loss), net of tax

(in millions)
Foreign currency translation

Pensions

Other post-retirement benefits

2010 ending balance
$
(473
)
$
(993
)
$
(55
)
$
170

$
(4
)
$
(1,355
)
Change in 2011
(178
)
(336
)
(41
)
280

3

(272
)
2011 ending balance
$
(651
)
$
(1,329
)
$
(96
)
$
450

$
(1
)
$
(1,627
)
Change in 2012
112

(65
)
36

900

1

984

2012 ending balance
$
(539
)
$
(1,394
)
$
(60
)
$
1,350

$

$
(643
)
Change in 2013
151

554


(963
)
9

(249
)
2013 ending balance
$
(388
)
$
(840
)
$
(60
)
$
387

$
9

$
(892
)

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