Bank of America 2015 Annual Report Download - page 211

Bank of America 2015 209
The table below presents impacts on net income of significant amounts reclassified out of each component of accumulated OCI
before- and after-tax for 2015, 2014 and 2013.
Reclassifications Out of Accumulated OCI
(Dollars in millions)
Accumulated OCI Components Income Statement Line Item Impacted 2015 2014 2013
Available-for-sale debt securities:
Gains on sales of debt securities $ 1,091 $ 1,354 $ 1,271
Other loss (81) (16) (20)
Income before income taxes 1,010 1,338 1,251
Income tax expense 384 508 463
Reclassification to net income 626 830 788
Available-for-sale marketable equity securities:
Equity investment income —— 771
Income before income taxes —— 771
Income tax expense —— 285
Reclassification to net income —— 486
Debit valuation adjustments:
Other loss (556)n/a n/a
Loss before income taxes (556)n/a n/a
Income tax benefit (211)n/a n/a
Reclassification to net income (345)n/a n/a
Derivatives:
Interest rate contracts Net interest income (974)(1,119) (1,119)
Commodity contracts Trading account losses —— (1)
Interest rate contracts Other income —— 18
Equity compensation contracts Personnel 91 359 329
Loss before income taxes (883)(760) (773)
Income tax benefit (332)(285) (286)
Reclassification to net income (551)(475) (487)
Employee benefit plans:
Prior service cost Personnel (5)(5) (4)
Net actuarial losses Personnel (164)(50) (225)
Settlements and curtailments Personnel —— (8)
Loss before income taxes (169)(55) (237)
Income tax benefit (62) (23) (79)
Reclassification to net income (107)(32) (158)
Foreign currency:
Other income (loss) 38 (20) (138)
Income (loss) before income taxes 38 (20) (138)
Income tax expense (benefit) 38 (12) (133)
Reclassification to net income —(8) (5)
Total reclassification adjustments $ (377)$ 315 $ 624
n/a = not applicable