General Motors 2013 Annual Report Download - page 118

GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Accumulated Other Comprehensive Loss
The following table summarizes the components of Accumulated other comprehensive loss (dollars in millions):
Years Ended December 31,
2013 2012 2011
Pre-tax
Amount
Tax
Expense
(Benefit)
Net
Amount
Pre-tax
Amount
Tax
Expense
(Benefit)
Net
Amount
Pre-tax
Amount
Tax
Expense
(Benefit)
Net
Amount
Foreign currency translation adjustments
Balance at beginning of period ...................... $ 112 $ 11 $ 101 $ 226 $ 11 $ 215 $ 405 $ 11 $ 394
Other comprehensive income (loss) .................. (722) 11 (733) (103) — (103) (183) — (183)
Purchase of noncontrolling interest shares ............. — — — — — — (6) — (6)
Other comprehensive income (loss) attributable to
noncontrolling interests .......................... 18 — 18 (11) — (11) 10 — 10
Balance at end of period ........................... $ (592) $ 22 $ (614) $ 112 $ 11 $ 101 $ 226 $ 11 $ 215
Cash flow hedging gains (losses), net
Balance at beginning of period ...................... $ — $ — $ — $ 2 $ — $ 2 $ (23)$ — $ (23)
Other comprehensive income before reclassification
adjustment .................................... — — — — — — 25 — 25
Reclassification adjustment ......................... — — — (2) — (2) — — —
Other comprehensive income (loss) .................. — — — (2) — (2) 25 — 25
Balance at end of period ........................... $ — $ — $ — $ — $ — $ — $ 2 $ — $ 2
Unrealized gain (loss) on securities, net
Balance at beginning of period ...................... $ 63 $ 22 $ 41 $ 1 $ 5 $ (4)$ — $ 5 $ (5)
Other comprehensive income (loss) before reclassification
adjustment .................................... 133 (6) 139 (140) 22 (162) 1 — 1
Reclassification adjustment ......................... (185) (7) (178) 202 (5) 207 — — —
Other comprehensive income (loss) .................. (52) (13) (39) 62 17 45 1 — 1
Balance at end of period ........................... $ 11 $ 9 $ 2 $ 63 $ 22 $ 41 $ 1 $ 5 $ (4)
Defined benefit plans, net
Balance at beginning of period ...................... $ (7,794) $ 400 $ (8,194)$ (4,665)$ 1,409 $ (6,074) $ 2,298 $ 1,413 $ 885
Other comprehensive income before reclassification
adjustment — prior service cost (credit) ............. 6 (4) 10 (53) (95) 42 302 1 301
Other comprehensive income (loss) before reclassification
adjustment—actuarialgain(loss) .................. 8,673 3,091 5,582 (3,180) (926) (2,254) (7,578) (10) (7,568)
Reclassification adjustment — prior service cost (credit) (a) . . (128) (44) (84) (125) (5) (120) (52) — (52)
Reclassificationadjustment—actuarialgain(loss)(a) .... 178 (7) 185 229 17 212 366 5 361
Other comprehensive income (loss) .................. 8,729 3,036 5,693 (3,129) (1,009) (2,120) (6,962) (4) (6,958)
Purchase of noncontrolling interest shares ............. — — — — — — (1) — (1)
Balance at end of period ........................... $ 935 $ 3,436 $ (2,501)$ (7,794)$ 400 $ (8,194)$ (4,665)$ 1,409 $ (6,074)
Accumulated Other Comprehensive Loss
Balance at beginning of period ...................... $ (7,619) $ 433 $ (8,052)$ (4,436)$ 1,425 $ (5,861) $ 2,680 $ 1,429 $ 1,251
Other comprehensive income (loss) before reclassification
adjustment .................................... 8,090 3,092 4,998 (3,476) (999) (2,477) (7,433) (9) (7,424)
Reclassification adjustment ......................... (135) (58) (77) 304 7 297 314 5 309
Other comprehensive income (loss) .................. 7,955 3,034 4,921 (3,172) (992) (2,180) (7,119) (4) (7,115)
Purchase of noncontrolling interest shares ............. — — — — — — (7) — (7)
Other comprehensive income (loss) attributable to
noncontrolling interests .......................... 18 — 18 (11) — (11) 10 — 10
Balance at end of period ........................... $ 354 $ 3,467 $ (3,113)$ (7,619)$ 433 $ (8,052)$ (4,436)$ 1,425 $ (5,861)
(a) Included in the computation of net periodic pension and OPEB (income) expense. Refer to Note 15 for additional information.
116 2013 ANNUAL REPORT