RYDER SYSTEM INC | 2013 | FY | 3

ACCUMULATED OTHER COMPREHENSIVE LOSS
The Comprehensive income (loss) presents a measure of all changes in shareholders’ equity except for changes resulting from transactions with shareholders in their capacity as shareholders. The following summary sets forth the components of accumulated other comprehensive loss, net of tax:
 
 
 
Currency
Translation
Adjustments
 
Net Actuarial
Loss (1)
 
Prior Service
Credit (1)
 
Transition
Obligation (1)
 
Unrealized
Gain on  Derivatives
 
Accumulated
Other
Comprehensive
Loss
 
 
(In thousands)
January 1, 2011
 
$
45,987

 
(428,532
)
 
5,912

 
34

 
—

 
(376,599
)
Amortization
 
—

 
13,146

 
(1,621
)
 
(22
)
 
—

 
11,503

Current period change
 
(17,768
)
 
(184,301
)
 
—

 
—

 
—

 
(202,069
)
December 31, 2011
 
28,219

 
(599,687
)
 
4,291

 
12

 
—

 
(567,165
)
Amortization
 
—

 
20,315

 
(1,657
)
 
—

 
—

 
18,658

Current period change
 
29,629

 
(68,753
)
 
—

 
—

 
12

 
(39,112
)
December 31, 2012
 
57,848

 
(648,125
)
 
2,634

 
12

 
12

 
(587,619
)
Amortization
 
—

 
22,832

 
(1,340
)
 
(12
)
 
—

 
21,480

Current period change
 
(22,079
)
 
147,410

 
2,466

 
—

 
94

 
127,891

December 31, 2013
 
$
35,769

 
(477,883
)
 
3,760

 
—

 
106

 
(438,248
)
_______________________ 
(1)
These amounts are included in the computation of net periodic pension cost. See Note 24, "Employee Benefit Plans," for further information. 

The loss from currency translation adjustments in 2013 of $22 million was due to the weakening of the Canadian Dollar compared to the U.S. Dollar, which was partially offset by the strengthening of the British Pound. The currency translation adjustment in 2012 of $30 million reflects the strengthening of the Canadian Dollar and the British Pound against the U.S. Dollar. The loss from currency translation adjustments in 2011 of $18 million was due to the weakening of the Canadian Dollar compared to the U.S. Dollar.

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