Proctor and Gamble 2014 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 2014 Proctor and Gamble annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 94

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94

62 The Procter & Gamble Company
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)
OCI before reclassifications (2) (305) 20 (1,113) 1,044 (354)
Amounts reclassified from AOCI (42) (11) 244 — 191
Net current period OCI (347) 9 (869) 1,044 (163)
Balance at June 30, 2014 (3,876) (18)(5,165) 1,397 (7,662)
(1) Net of tax (benefit) / expense of $94, $(5) and $496 for gains / losses on hedges, investment securities and pension and other
retiree benefit items, respectively.
(2) Net of tax (benefit) / expense of $(207), $3, and $(450) for gains and losses on hedges, investment securities and pension and
other retiree benefit items, respectively.
Reclassifications out of Accumulated Other Comprehensive Income/(Loss)
Years ended June 30 2014 2013
Hedges (1)
Interest rate contracts $6
$6
Foreign exchange contracts 38 215
Total before-tax 44 221
Tax (expense)/benefit (2)(2)
Net of tax 42 219
Gains / (losses) on Investment Securities (2) 18 —
Tax (expense)/benefit (7)—
Net of tax 11 —
Pension and Other Retiree Benefits (3)
Amortization of deferred amounts (6)2
Recognized net actuarial gains/(losses) (332)(412)
Curtailments and settlements —(4)
Total before-tax (338)(414)
Tax (expense)/benefit 94 141
Net of tax (244)(273)
Total reclassifications, net of tax (191)(54)
(1) See Note 5 for classification of these items in the Consolidated Statements of Earnings.
(2) Reclassified from AOCI into Other non-operating income, net.
(3) Reclassified from AOCI into Cost of products sold and SG&A. These components are included in the computation of net
periodic pension cost (see Note 9 for additional details).