2013 | ||||||||||||||||||||
Foreign currency translation adjustments | Marketable securities | Derivative financial instruments | Pension and postretirement benefit plans | Total | ||||||||||||||||
Beginning balance | $ | 51,335 | $ | 677 | $ | (3,837 | ) | $ | (655,853 | ) | $ | (607,678 | ) | |||||||
Other comprehensive (loss) income before reclassifications | (20,192 | ) | (1,514 | ) | 3,505 | 398,430 | 380,229 | |||||||||||||
Income tax | 2,183 | 561 | (1,298 | ) | (147,578 | ) | (146,132 | ) | ||||||||||||
Net other comprehensive (loss) income before reclassifications | (18,009 | ) | (953 | ) | 2,207 | 250,852 | 234,097 | |||||||||||||
Reclassifications: | ||||||||||||||||||||
Realized (gains) losses - foreign currency contracts(a) | — | — | (482 | ) | — | (482 | ) | |||||||||||||
Realized (gains) losses - commodities contracts(a) | — | — | 51 | — | 51 | |||||||||||||||
Realized (gains) losses - interest rate swaps(b) | — | — | 345 | — | 345 | |||||||||||||||
Prior service credits(c) | — | — | — | (2,107 | ) | (2,107 | ) | |||||||||||||
Actuarial losses(c) | — | — | — | 67,157 | 67,157 | |||||||||||||||
Total before tax | — | — | (86 | ) | 65,050 | 64,964 | ||||||||||||||
Income tax expense (benefit) | — | — | 36 | (24,095 | ) | (24,059 | ) | |||||||||||||
Net reclassifications | — | — | (50 | ) | 40,955 | 40,905 | ||||||||||||||
Other comprehensive (loss) income | (18,009 | ) | (953 | ) | 2,157 | 291,807 | 275,002 | |||||||||||||
Ending Balance | $ | 33,326 | $ | (276 | ) | $ | (1,680 | ) | $ | (364,046 | ) | $ | (332,676 | ) | ||||||
2012 | ||||||||||||||||||||
Foreign currency translation adjustments | Marketable securities | Derivative financial instruments | Pension and postretirement benefit plans | Total | ||||||||||||||||
Beginning balance | $ | 49,935 | $ | 327 | $ | 6,307 | $ | (533,302 | ) | $ | (476,733 | ) | ||||||||
Other comprehensive income (loss) before reclassifications | 2,212 | 556 | (814 | ) | (251,291 | ) | (249,337 | ) | ||||||||||||
Income tax | (812 | ) | (206 | ) | 301 | 93,078 | 92,361 | |||||||||||||
Net other comprehensive income (loss) before reclassifications | 1,400 | 350 | (513 | ) | (158,213 | ) | (156,976 | ) | ||||||||||||
Reclassifications: | ||||||||||||||||||||
Realized (gains) losses - foreign currency contracts(a) | — | — | (18,586 | ) | — | (18,586 | ) | |||||||||||||
Realized (gains) losses - commodities contracts(a) | — | — | 705 | — | 705 | |||||||||||||||
Realized (gains) losses - interest rate swaps(b) | — | — | 2,542 | — | 2,542 | |||||||||||||||
Prior service credits(c) | — | — | — | (895 | ) | (895 | ) | |||||||||||||
Actuarial losses(c) | — | — | — | 51,295 | 51,295 | |||||||||||||||
Curtailment and settlement losses | — | — | — | 6,242 | 6,242 | |||||||||||||||
Total before tax | — | — | (15,339 | ) | 56,642 | 41,303 | ||||||||||||||
Income tax expense (benefit) | — | — | 5,708 | (20,980 | ) | (15,272 | ) | |||||||||||||
Net reclassifications | — | — | (9,631 | ) | 35,662 | 26,031 | ||||||||||||||
Other comprehensive income (loss) | 1,400 | 350 | (10,144 | ) | (122,551 | ) | (130,945 | ) | ||||||||||||
Ending Balance | $ | 51,335 | $ | 677 | $ | (3,837 | ) | $ | (655,853 | ) | $ | (607,678 | ) | |||||||
2011 | ||||||||||||||||||||
Foreign currency translation adjustments | Marketable securities | Derivative financial instruments | Pension and postretirement benefit plans | Total | ||||||||||||||||
Beginning balance | $ | 55,551 | $ | (133 | ) | $ | (11,912 | ) | $ | (409,728 | ) | $ | (366,222 | ) | ||||||
Other comprehensive (loss) income before reclassifications | (6,251 | ) | 731 | (1,524 | ) | (233,345 | ) | (240,389 | ) | |||||||||||
Income tax | 635 | (271 | ) | 558 | 86,577 | 87,499 | ||||||||||||||
Net other comprehensive (loss) income before reclassifications | (5,616 | ) | 460 | (966 | ) | (146,768 | ) | (152,890 | ) | |||||||||||
Reclassifications: | ||||||||||||||||||||
Realized (gains) losses - foreign currency contracts(a) | — | — | 24,746 | — | 24,746 | |||||||||||||||
Realized (gains) losses - commodities contracts(a) | — | — | 539 | — | 539 | |||||||||||||||
Realized (gains) losses - interest rate swaps(b) | — | — | 5,103 | — | 5,103 | |||||||||||||||
Prior service credits(c) | — | — | — | (897 | ) | (897 | ) | |||||||||||||
Actuarial losses(c) | — | — | — | 37,458 | 37,458 | |||||||||||||||
Curtailment and settlement losses | — | — | — | 510 | 510 | |||||||||||||||
Total before tax | — | — | 30,388 | 37,071 | 67,459 | |||||||||||||||
Income tax benefit | — | — | (11,203 | ) | (13,877 | ) | (25,080 | ) | ||||||||||||
Net reclassifications | — | — | 19,185 | 23,194 | 42,379 | |||||||||||||||
Other comprehensive (loss) income | (5,616 | ) | 460 | 18,219 | (123,574 | ) | (110,511 | ) | ||||||||||||
Ending Balance | $ | 49,935 | $ | 327 | $ | 6,307 | $ | (533,302 | ) | $ | (476,733 | ) | ||||||||
(a) | Amounts reclassified to net income are included in motorcycles and related products cost of goods sold. |
(b) | Amounts reclassified to net income are presented in financial services interest expense. |
(c) | Amounts reclassified are included in the computation of net periodic period cost. See note 14 for information related to pension and postretirement benefit plans. |