Intel 2008 Annual Report Download - page 110

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Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
The components of other comprehensive income (loss) and related tax effects were as follows:
The components of accumulated other comprehensive income (loss), net of tax, were as follows:
For 2008, we reclassified $37 million of net deferred holding gains on derivatives from accumulated other comprehensive
income (loss) to cost of sales and operating expenses related to our non-U.S.-currency capital purchase and operating cost
hedging programs (gains of $39 million in 2007 and losses of $6 million in 2006). We estimate that we will reclassify less than
$15 million of net derivative losses included in other accumulated comprehensive income (loss) into earnings within the next
12 months. For all periods presented, the portion of hedging instruments’ gains or losses excluded from the assessment of
effectiveness and the ineffective portions of hedges had an insignificant impact on earnings for cash flow hedges.
Additionally, for all periods presented, there was not a significant impact on results of operations from discontinued cash flow
hedges as a result of forecasted transactions that did not occur.
The estimated net prior service cost, actuarial loss, and transition obligation for the defined benefit plan that will be amortized
from accumulated other comprehensive income (loss) into net periodic benefit cost during fiscal year 2009 are $4 million,
$28 million, and zero, respectively.
101
2008
2007
2006
Before
Net of
Before
Net of
Before
Net of
(In Millions)
Tax
Tax
Tax
Tax
Tax
Tax
Tax
Tax
Tax
Change in unrealized holding gain (loss) on
investments
$
(764
)
$
279
$
(485
)
$
420
$
(155
)
$
265
$
$
(33
)
$
61
Less:
adjustment for (gain) loss on investments
included in net income
34
(12
)
22
(85
)
31
(54
)
(75
)
(48
)
Change in unrealized holding gain (loss) on
derivatives
(23
)
8
(15
)
(21
)
59
(22
)
37
Less:
adjustment for amortization of (gain) loss on
derivatives included in net income
(58
)
(37
)
(55
)
16
(39
)
9
(3
)
6
Change in prior service costs
5
(2
)
3
4
(1
)
3
—
—
—
Change in actuarial loss
(220
)
(142
)
106
(22
)
84
—
—
—
Minimum pension liability
—
—
—
—
—
—
(
)
6
(30
)
Total other comprehensive income (loss)
$
(1,026
)
$
372
$
(654
)
$
470
$
(152
)
$
318
$
$
(25
)
$
26
(In Millions)
2008
2007
Accumulated net unrealized holding gain (loss) on available
-
for
-
sale investments
$
(139
)
$
324
Accumulated net unrealized holding gain on derivatives
48
100
Accumulated net prior service costs
(10
)
(13
)
Accumulated net actuarial losses
(290
)
(148
)
Accumulated transition obligation
(2
)
(2
)
Total accumulated other comprehensive income (loss)
$
(393
)
$
261