Accumulated Other Comprehensive Income (Loss)
The changes in the balances of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2013 and 2012 were as follows:
|
| | | | | | | | | | | | | | | | |
| | Foreign Currency Translation Adjustments | | Defined Benefit Pension and Other Postretirement Plans, Net of Tax | | Investment Securities Available-for-Sale, Net of Tax | | Accumulated Other Comprehensive Income (Loss) |
| | (in millions) |
Balance at December 31, 2011 | | $ | 30 |
| | $ | (32 | ) | | $ | — |
| | $ | (2 | ) |
Current period other comprehensive income (loss) * | | 63 |
| | (5 | ) | | 5 |
| | 63 |
|
Balance at December 31, 2012 | | 93 |
| | (37 | ) | | 5 |
| | 61 |
|
Current period other comprehensive income (loss) * | | 113 |
| | 8 |
| | (4 | ) | | 117 |
|
Balance at December 31, 2013 | | $ | 206 |
| | $ | (29 | ) | | $ | 1 |
| | $ | 178 |
|
| | | | | | | | |
* During the years ended December 31, 2013 and 2012, $6 million and $13 million of deferred costs related to the Company's Pension Plans and Postretirement Plans were reclassified from accumulated other comprehensive income to general and administrative expense. In addition, $5 million and $1 million of net gains on available-for-sale investment securities were recognized in investment income during the years ended December 31, 2013 and 2012, respectively. Tax amounts related to these items are insignificant.
