General Motors 2014 Annual Report Download - page 124
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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,
2014 2013 2012
Foreign Currency Translation Adjustments
Balance at beginning of period .......................................................... $ (614) $ 101 $ 215
Other comprehensive loss .............................................................. (477) (722) (103)
Tax expense (benefit) .................................................................. (4) 11 —
Other comprehensive loss, net of tax ...................................................... (473) (733) (103)
Other comprehensive income (loss) attributable to noncontrolling interests, net of tax ............... 23 18 (11)
Balance at end of period ............................................................... $(1,064) $ (614) $ 101
Unrealized Gains and Losses on Securities, Net
Balance at beginning of period .......................................................... $ 2 $ 41 $ (4)
Other comprehensive income (loss) before reclassification adjustment ........................... (2) 133 (140)
Tax expense (benefit) .................................................................. (1) (6) 22
Other comprehensive income (loss) before reclassification adjustment, net of tax .................. (1) 139 (162)
Reclassification adjustment ............................................................. (7) (185) 202
Tax benefit .......................................................................... (3) (7) (5)
Reclassification adjustment, net of tax .................................................... (4) (178) 207
Other comprehensive income (loss), net of tax .............................................. (5) (39) 45
Balance at end of period ............................................................... $ (3) $ 2 $ 41
Defined Benefit Plans, Net
Balance at beginning of period .......................................................... $(2,501) $(8,194) $(6,074)
Other comprehensive income (loss) before reclassification adjustment — prior service cost or credit . . . (20) 6 (53)
Other comprehensive income (loss) before reclassification adjustment — actuarial gains or losses ..... (6,457) 8,673 (3,180)
Tax expense (benefit) .................................................................. (1,854) 3,087 (1,021)
Other comprehensive income (loss) before reclassification adjustment, net of tax .................. (4,623) 5,592 (2,212)
Reclassification adjustment — prior service cost or credit (a) .................................. 22 (128) (125)
Reclassification adjustment — actuarial gains or losses (a) .................................... 76 178 229
Tax expense (benefit) (a) ............................................................... (20) (51) 12
Reclassification adjustment, net of tax (a) .................................................. 118 101 92
Other comprehensive income (loss), net of tax .............................................. (4,505) 5,693 (2,120)
Balance at end of period ............................................................... $(7,006) $(2,501) $(8,194)
(a) Included in the computation of net periodic pension and OPEB (income) expense. Refer to Note 15 for additional information.
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