GE 2014 Annual Report Download - page 208

188 GE 2014 FORM 10-K
FINANCIAL STATEMENTS SHAREOWNERS' EQUITY
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
(In millions) 2014 2013 2012
Investment securities
Balance at January 1 $ 307 $ 677 $ (30)
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $353, $(407) and $387 (a) 562 (692) 683
Reclassifications from OCI – net of deferred taxes
of $84, $222 and $13 146 318 22
Other comprehensive income (loss)(b) 708 (374) 705
Less OCI attributable to noncontrolling interests 2 (4) (2)
Balance at December 31 $ 1,013 $ 307 $ 677
Currency translation adjustments (CTA)
Balance at January 1(c) $ 283 $ 412 $ 133
OCI before reclassifications – net of deferred taxes (2,600) 510 474
of $(129), $(613) and $(266)
Reclassifications from OCI – net of deferred taxes
of $213, $793 and $54 (129) (818) (174)
Other comprehensive income (loss)(b) (2,729) (308) 300
Less OCI attributable to noncontrolling interests (19) (22) 21
Balance at December 31 $ (2,427) $ 126 $ 412
Cash flow hedges
Balance at January 1(c) $ (414) $ (722) $ (1,176)
OCI before reclassifications – net of deferred taxes (610) 738 385
of $23, $250 and $392
Reclassifications from OCI – net of deferred taxes
of $34, $(177) and $(245) 844 (271) 68
Other comprehensive income (loss)(b) 234 467 453
Less OCI attributable to noncontrolling interests - 2 (1)
Balance at December 31 $ (180) $ (257) $ (722)
Benefit plans
Balance at January 1 $ (9,296) $ (20,597) $ (22,901)
Prior service credit (costs) - net of deferred taxes
of $219, $(5) and $304 396 (6) 534
Net actuarial gain (loss) – net of deferred taxes
of $(5,332), $4,506 and $(574) (9,849) 8,269 (1,396)
Net curtailment/settlement - net of deferred taxes
of $41, $0 and $123 72 - 174
Prior service cost amortization – net of deferred taxes
of $241, $267 and $326 349 397 497
Net actuarial loss amortization – net of deferred taxes
of $859, $1,343 and $1,278 1,753 2,640 2,490
Other comprehensive income (loss)(b) (7,279) 11,300 2,299
Less OCI attributable to noncontrolling interests 3 (1) (5)
Balance at December 31 $ (16,578) $ (9,296) $ (20,597)
Accumulated other comprehensive income (loss) at December 31 $ (18,172) $ (9,120) $ (20,230)
(a) Includes adjustments of $960 million, $(1,171) million and $527 million in 2014, 2013 and 2012, respectively, to deferred acquisition costs, present value of future profits,
and investment contracts, insurance liabilities and insurance annuity benefits in our run-off insurance operations to reflect the effects that would have been recognized
had the related unrealized investment securities holding gains and losses actually been realized.
(b) Total other comprehensive income (loss) was $(9,066) million, $11,085 million and $3,757 million in 2014, 2013 and 2012, respectively.
(c) Includes a $157 million reclassification between 2014 opening balances in Currency Translation Adjustments and Cash Flow Hedges.