Bank of America 2014 Annual Report Download - page 226

224 Bank of America 2014
The table below presents impacts on net income of significant amounts reclassified out of each component of accumulated OCI
before- and after-tax for 2014, 2013 and 2012.
Reclassifications Out of Accumulated OCI
(Dollars in millions)
Accumulated OCI Components Income Statement Line Item Impacted 2014 2013 2012
Available-for-sale debt securities:
Gains on sales of debt securities $ 1,354 $ 1,271 $ 1,662
Other income (loss) (16) (20) (53)
Income before income taxes 1,338 1,251 1,609
Income tax expense 508 463 595
Reclassification to net income 830 788 1,014
Available-for-sale marketable equity securities:
Equity investment income —771 19
Income before income taxes —771 19
Income tax expense —285 7
Reclassification to net income —486 12
Derivatives:
Interest rate contracts Net interest income (1,119)(1,119) (956)
Commodity contracts Trading account profits —(1)(1)
Interest rate contracts Other income —18 —
Equity compensation contracts Personnel 359 329 (78)
Loss before income taxes (760)(773) (1,035)
Income tax benefit (285)(286) (383)
Reclassification to net income (475)(487) (652)
Employee benefit plans:
Prior service cost Personnel (5)(4)(6)
Transition obligation Personnel —— (32)
Net actuarial losses Personnel (50) (225) (443)
Settlements and curtailments Personnel —(8) (58)
Loss before income taxes (55) (237) (539)
Income tax benefit (23) (79) (212)
Reclassification to net income (32) (158) (327)
Foreign currency:
Insignificant items Other income (loss) (20) (138) 30
Income (loss) before income taxes (20) (138) 30
Income tax expense (benefit) (12) (133) 10
Reclassification to net income (8)(5)20
Total reclassification adjustments $ 315 $ 624 $ 67