American Express 2009 Annual Report Download - page 106

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AMERICAN EXPRESS COMPANY
NOTE 15
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE (LOSS)
INCOME
Accumulated other comprehensive (loss) income (OCI) is a balance sheet item in the Shareholders’ Equity section of the
Company’s Consolidated Balance Sheets. It is comprised of items that have not been recognized in earnings but may be
recognized in earnings in the future when certain events occur. Changes in each component of OCI for the three years ended
December 31, were as follows:
(Millions), net of tax(a)
Net
Unrealized
Gains (Losses)
on Investment
Securities
Net
Unrealized
Gains (Losses)
on
Derivatives
Foreign
Currency
Translation
Adjustments
Net
Unrealized
Pension
and Other
Postretirement
Benefit Costs
Accumulated
Other
Comprehensive
(Loss) Income
Balances as of December 31, 2006 $ 92 $ 27 $ (222) $(417) $ (520)
Net unrealized gains (losses) (80) (68) (148)
Reclassification for realized (gains) losses into earnings (5) (30) 3 (32)
Other losses(b) (47) (47)
Foreign currency translation adjustments 347 347
Net losses related to hedges of investment in foreign
operations (380) (380)
Pension and other postretirement benefit costs 285 285
Discontinued operations(c) 52 (3) 4 53
Net change in accumulated other comprehensive
(loss) income (80) (98) (33) 289 78
Balances as of December 31, 2007 12 (71) (255) (128) (442)
Net unrealized gains (losses) (718) (170) (888)
Reclassification for realized (gains) losses into earnings (8) 161 153
Foreign currency translation adjustments (1,102) (1,102)
Net gains related to hedges of investment in foreign
operations 961 961
Pension and other postretirement benefit costs (329) (329)
Discontinued operations(c) 15 28 (2) 41
Net change in accumulated other comprehensive
(loss) income (711) (9) (113) (331) (1,164)
104