Honeywell 2013 Annual Report Download - page 106

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Components of Accumulated Other Comprehensive Income (Loss)
2013 2012
December 31,
Cumulative foreign exchange translation adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . $304 $ 356
Pensions and other postretirement benefit adjustments . . . . . . . . . . . . . . . . . . . . . . . . . 355 (1,848)
Change in fair value of available for sale investments . . . . . . . . . . . . . . . . . . . . . . . . . . 170 157
Change in fair value of effective cash flow hedges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (11) (4)
$818 $(1,339)
Changes in Accumulated Other Comprehensive Income by Component
Foreign
Exchange
Translation
Adjustment
Pension
and Other
Postretirement
Adjustments
Changes in
Fair Value of
Available
for Sale
Investments
Changes in
Fair Value of
Effective
Cash Flow
Hedges Total
Balance at December 31, 2012 . . . . $356 $(1,848) $ 157 $ (4) $(1,339)
Other comprehensive income
(loss) before reclassifications . . (52) 2,161 140 (30) 2,219
Amounts reclassified from
accumulated other
comprehensive income . . . . . . . . — 42 (127) 23 (62)
Net current period other
comprehensive income (loss) (52) 2,203 13 (7) 2,157
Balance at December 31, 2013 . . . . $304 $ 355 $ 170 $(11) $ 818
Reclassifications Out of Accumulated Other Comprehensive Income
Product
Sales
Cost of
Products
Sold
Cost of
Services
Sold
Selling,
General and
Administrative
Expenses
Other
(Income)
Expense Total
Year Ended December 31, 2013
Affected Line in the Consolidated Statement of Operations
Amortization of Pension and Other
Postretirement Items:
Actuarial losses recognized . . . . . . $— $ 62 $14 $13 — $ 89
Prior service cost recognized . . . . — 7 1 1 — 9
Transition obligation recognized . . — 2 — — — 2
Settlements and curtailments . . . . — (30) (6) (6) — (42)
Losses on Cash Flow Hedges:
Foreign currency exchange
contracts. . . . . . . . . . . . . . . . . . . . . . 7 4 — 11 — 22
Forward commodity contracts . . . . — 1 — — — 1
Unrealized Gains on Available for
Sale Investments:
Reclassification adjustment for
gains included in net income . . — — — — (195) (195)
Total Before Tax . . . . . . . . . . . . . . . . . . . . $ 7 $ 46 $ 9 $19 (195) $(114)
Tax Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Total reclassifications for the period, net of tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (62)
94
HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)