Proctor and Gamble 2016 Annual Report Download - page 72

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58 The Procter & Gamble Company
Amounts in millions of dollars except per share amounts or as otherwise specified.
NOTE 11
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
The table below presents the changes in Accumulated other comprehensive income/(loss) (AOCI), including the reclassifications
out of Accumulated other comprehensive income/(loss) by component:
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, 2014 $ (3,876) $ (18)$ (5,165)$ 1,397 $ (7,662)
OCI before reclassifications
(1)
1,390 26 563 (7,475)(5,496)
Amounts reclassified from AOCI
(2) (5) (6)
(156) (2) 281 255 378
Net current period OCI 1,234 24 844 (7,220)(5,118)
BALANCE at JUNE 30, 2015 (2,642) 6 (4,321)(5,823)(12,780)
OCI before reclassifications
(3)
(103) 29 (1,710)(1,679)(3,463)
Amounts reclassified from AOCI
(4) (5)
104 (1) 233 — 336
Net current period OCI 128 (1,477)(1,679)(3,127)
BALANCE at JUNE 30, 2016 $ (2,641) $ 34 $ (5,798)$ (7,502)$(15,907)
(1)
Net of tax (benefit) / expense of $741, $1 and $219 for gains/losses on hedges, investment securities and pension and other retiree benefit
items, respectively, for the period ended June 30, 2015.
(2)
Net of tax (benefit) / expense of $(2), $(1), and $109 for gains/losses on hedges, investment securities and pension and other retiree benefit
items, respectively, for the period ended June 30, 2015.
(3)
Net of tax (benefit) / expense of $6, $7, and $(708) for gains/losses on hedges, investment securities and pension and other retiree benefit
items, respectively, for the period ended June 30, 2016.
(4)
Net of tax (benefit) / expense of $(1), $0, and $87 for gains/losses on hedges, investment securities and pension and other retiree benefit
items, respectively, for the period ended June 30, 2016.
(5)
See Note 9 for classification of gains and losses from hedges in the Consolidated Statements of Earnings. Gains and losses on investment
securities are reclassified from AOCI into Other non-operating income, net. Gains and losses on pension and other retiree benefits are
reclassified from AOCI into Cost of products sold and SG&A, and are included in the computation of net periodic pension cost (see Note
8 for additional details).
(6)
Amounts reclassified from AOCI for financial statement translation relate to the foreign currency losses written off as part of the
deconsolidation of our Venezuelan subsidiaries in fiscal 2015. These losses were reclassified into the Venezuela deconsolidation charge in
the Consolidated Statements of Earnings.