Proctor and Gamble 2013 Annual Report Download - page 65

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The Procter & Gamble Company 63
Amounts in millions of dollars except per share amounts or as otherwise specified.
NOTE 6
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
The tables below present the changes in accumulated other comprehensive income/(loss) by component and the
reclassifications out of accumulated other comprehensive income/(loss):
Changes in Accumulated Other Comprehensive Income/(Loss) by Component
Hedges
Investment
Securities
Pension and
Other
Retiree
Benefits
Financial
Statement
Translation Total
Balance at June 30, 2012 $ (3,673) $ (3)$ (5,300)$ (357)$ (9,333)
OCI before reclassifications (1) 363 (24) 731 710 1,780
Amounts reclassified from AOCI (219) — 273 — 54
Net current period OCI 144 (24) 1,004 710 1,834
Balance at June 30, 2013 (3,529) (27)(4,296) 353 (7,499)
(1) Net of tax of $94, $5 and $496 for gains and losses on hedges, investment securities and pension and other retiree benefit
items, respectively.
Reclassifications out of Accumulated Other Comprehensive Income/(Loss)
Year ended June 30 2013
HEDGES (1)
Interest rate contracts $6
Foreign exchange contracts 215
Total before-tax 221
Tax (expense)/benefit (2)
Net of tax 219
PENSION AND OTHER RETIREE BENEFITS (2)
Amortization of deferred amounts 2
Recognized net actuarial gains/(losses) (412)
Curtailments and settlements (4)
Total before-tax (414)
Tax (expense)/benefit 141
Net of tax (273)
TOTAL RECLASSIFICATIONS, NET OF TAX (54)
(1) See Note 5 for classification of these items in the Consolidated Statement of Earnings.
(2) Reclassified from AOCI into costs of products sold and SG&A. These components are included in the computation of net
periodic pension cost (see Note 9 for additional details).
NOTE 7
EARNINGS PER SHARE
Net earnings attributable to Procter & Gamble less preferred dividends (net of related tax benefits) are divided by the weighted
average number of common shares outstanding during the year to calculate basic net earnings per common share. Diluted net
earnings per common share are calculated to give effect to stock options and other stock-based awards (see Note 8) and assume
conversion of preferred stock (see Note 9).