General Motors 2011 Annual Report Download - page 174

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GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Accumulated Other Comprehensive Income (Loss)
The following table summarizes the components of Accumulated other comprehensive income (loss), net of taxes (dollars in
millions):
Successor
December 31,
2011
December 31,
2010
December 31,
2009
Foreigncurrencytranslationgain ............................................... $ 215 $ 394 $ 157
Cash flow hedging gains (losses), net ............................................ 2 (23) (1)
Net unrealized gain (loss) on securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) (5) 2
Defined benefit plans, net ..................................................... (6,074) 885 1,430
Accumulated other comprehensive income (loss) .................................. $(5,861) $1,251 $1,588
Other Comprehensive Income (Loss)
The following tables summarize the components of Other comprehensive income (loss) attributable to common stockholders
(dollars in millions):
Successor
Year Ended December 31, 2011 Year Ended December 31, 2010
Pre-tax
Amount
Tax Expense
(Benefit)
Net
Amount
Pre-tax
Amount
Tax Expense
(Benefit)
Net
Amount
Foreign currency translation gain (loss) ....................... $ (186) $ — $ (186) $ 210 $— $ 210
Cash flow hedging gain (losses), net . . . . . . . . . . . . . . . . . . . . . . . . . 15 — 15 (22) — (22)
Unrealized gain (loss) on securities . . . . . . . . . . . . . . . . . . . . . . . . . . 1 — 1 (7) — (7)
Defined benefit plans
Prior service benefit from plan amendments . . . . . . . . . . . . . . . . . 302 1 301 7 1 6
Less: amortization of prior service cost included in net periodic
benefit cost ......................................... (52) — (52) (12) — (12)
Net prior service benefit (cost) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250 1 249 (5) 1 (6)
Actuarial gain (loss) from plan measurements ................ (7,578) (10) (7,568) (530) 34 (564)
Less: amortization of actuarial loss included in net periodic
benefitcost(a) ...................................... 421 5 416 25 — 25
Net actuarial amounts ................................... (7,157) (5) (7,152) (505) 34 (539)
Defined benefit plans, net ................................ (6,907) (4) (6,903) (510) 35 (545)
Sale of interest in nonconsolidated affiliate .................... (42) — (42) — — —
Other comprehensive income (loss) .......................... (7,119) (4) (7,115) (329) 35 (364)
Less: other comprehensive loss attributable to noncontrolling
interests ............................................ (10) — (10) (13) — (13)
Other comprehensive income (loss) attributable to common
stockholders .......................................... $(7,109) $ (4) $(7,105) $(316) $35 $(351)
(a) Includes the Canadian healthcare trust settlement. Refer to Note 18.
172 General Motors Company 2011 Annual Report