Reclassifications and Taxes Related to Items of Other Comprehensive Income | |||||||||||||
($ in millions) | |||||||||||||
Before Tax | Tax (Expense)/ | Net of Tax | |||||||||||
For the year ended December 31, 2013: | Amount | Benefit | Amount | ||||||||||
Other comprehensive income/(loss) | |||||||||||||
Foreign currency translation adjustments | $ | (1,335) | $ | (66) | $ | (1,401) | |||||||
Net changes related to available-for-sale securities | |||||||||||||
Unrealized gains/(losses) arising during the period | $ | (4) | $ | 2 | $ | (3) | |||||||
Reclassification of (gains)/losses to other (income) and expense | (8) | 2 | (5) | ||||||||||
Subsequent changes in previously impaired securities arising during | |||||||||||||
the period | 4 | (1) | 3 | ||||||||||
Total net changes related to available-for-sale securities | $ | (8) | $ | 3 | $ | (5) | |||||||
Unrealized gains/(losses) on cash flow hedges | |||||||||||||
Unrealized gains/(losses) arising during the period | $ | 43 | $ | (15) | $ | 28 | |||||||
Reclassification of (gains)/losses to: | |||||||||||||
Cost of sales | 34 | (14) | 21 | ||||||||||
SG&A expense | (39) | 14 | (25) | ||||||||||
Other (income) and expense | (162) | 62 | (99) | ||||||||||
Interest expense | 0 | (0) | 0 | ||||||||||
Total unrealized gains/(losses) on cash flow hedges | $ | (123) | $ | 47 | $ | (76) | |||||||
Retirement-related benefit plans(1) | |||||||||||||
Prior service costs/(credits) | $ | 16 | $ | (0) | $ | 16 | |||||||
Net (losses)/gains arising during the period | 5,369 | (1,974) | 3,395 | ||||||||||
Curtailments and settlements | (3) | 1 | (2) | ||||||||||
Amortization of prior service (credits)/costs | (114) | 40 | (75) | ||||||||||
Amortization of net (gains)/losses | 3,499 | (1,195) | 2,304 | ||||||||||
Total retirement-related benefit plans | $ | 8,767 | $ | (3,128) | $ | 5,639 | |||||||
Other comprehensive income/(loss) | $ | 7,301 | $ | (3,144) | $ | 4,157 | |||||||
(1) | These AOCI components are included in the computation of net periodic pension cost. (See note S, "Retirement-Related Benefits," on | ||||||||||||
pages 127 to 141 for additional information.) |
($ in millions) | |||||||||||||
Before Tax | Tax (Expense)/ | Net of Tax | |||||||||||
For the year ended December 31, 2012: | Amount | Benefit | Amount | ||||||||||
Other comprehensive income/(loss) | |||||||||||||
Foreign currency translation adjustments | $ | (44) | $ | 10 | $ | (34) | |||||||
Net changes related to available-for-sale securities | |||||||||||||
Unrealized gains/(losses) arising during the period | $ | 8 | $ | (4) | $ | 4 | |||||||
Reclassification of (gains)/losses to other (income) and expense | (42) | 17 | (25) | ||||||||||
Subsequent changes in previously impaired securities arising during | |||||||||||||
the period | 20 | (8) | 12 | ||||||||||
Total net changes related to available-for-sale securities | $ | (14) | $ | 5 | $ | (9) | |||||||
Unrealized gains/(losses) on cash flow hedges | |||||||||||||
Unrealized gains/(losses) arising during the period | $ | 32 | $ | (27) | $ | 5 | |||||||
Reclassification of (gains)/losses to: | |||||||||||||
Cost of sales | (7) | (6) | (13) | ||||||||||
SG&A expense | (16) | 4 | (12) | ||||||||||
Other (income) and expense | (237) | 91 | (146) | ||||||||||
Interest expense | 6 | (3) | 3 | ||||||||||
Total unrealized gains/(losses) on cash flow hedges | $ | (220) | $ | 59 | $ | (161) | |||||||
Retirement-related benefit plans(1) | |||||||||||||
Net (losses)/gains arising during the period | $ | (7,489) | $ | 2,327 | $ | (5,162) | |||||||
Curtailments and settlements | (2) | 0 | (2) | ||||||||||
Amortization of prior service (credits)/costs | (148) | 59 | (89) | ||||||||||
Amortization of net (gains)/losses | 2,457 | (874) | 1,583 | ||||||||||
Total retirement-related benefit plans | $ | (5,182) | $ | 1,513 | $ | (3,669) | |||||||
Other comprehensive income/(loss) | $ | (5,460) | $ | 1,587 | $ | (3,874) | |||||||
(1) | These AOCI components are included in the computation of net periodic pension cost. (See note S, "Retirement-Related Benefits," on | ||||||||||||
pages 127 to 141 for additional information.) |
($ in millions) | |||||||||||||
Before Tax | Tax (Expense)/ | Net of Tax | |||||||||||
For the year ended December 31, 2011: | Amount | Benefit | Amount | ||||||||||
Other comprehensive income/(loss) | |||||||||||||
Foreign currency translation adjustments | $ | (693) | $ | (18) | $ | (711) | |||||||
Net changes related to available-for-sale securities | |||||||||||||
Unrealized gains/(losses) arising during the period | $ | (14) | $ | 5 | $ | (9) | |||||||
Reclassification of (gains)/losses to other (income) and expense | (231) | 88 | (143) | ||||||||||
Subsequent changes in previously impaired securities arising during | |||||||||||||
the period | 4 | (1) | 3 | ||||||||||
Total net changes related to available-for-sale securities | $ | (241) | $ | 91 | $ | (150) | |||||||
Unrealized gains/(losses) on cash flow hedges | |||||||||||||
Unrealized gains/(losses) arising during the period | $ | (266) | $ | 105 | $ | (162) | |||||||
Reclassification of (gains)/losses to: | |||||||||||||
Cost of sales | 182 | (61) | 121 | ||||||||||
SG&A expense | 75 | (23) | 52 | ||||||||||
Other (income) and expense | 247 | (3) | 244 | ||||||||||
Interest expense | 8 | (95) | (88) | ||||||||||
Total unrealized gains/(losses) on cash flow hedges | $ | 245 | $ | (77) | $ | 167 | |||||||
Retirement-related benefit plans(1) | |||||||||||||
Prior service costs/(credits) | $ | (28) | $ | 7 | $ | (22) | |||||||
Net (losses)/gains arising during the period | (5,463) | 1,897 | (3,566) | ||||||||||
Curtailments and settlements | 11 | (3) | 7 | ||||||||||
Amortization of prior service (credits)/costs | (157) | 62 | (94) | ||||||||||
Amortization of net (gains)/losses | 1,847 | (619) | 1,227 | ||||||||||
Total retirement-related benefit plans | $ | (3,790) | $ | 1,343 | $ | (2,448) | |||||||
Other comprehensive income/(loss) | $ | (4,479) | $ | 1,339 | $ | (3,142) | |||||||
(1) | These AOCI components are included in the computation of net periodic pension cost. (See note S, "Retirement-Related Benefits," on | ||||||||||||
pages 127 to 141 for additional information.) |