Ford 2013 Annual Report Download - page 127

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Ford Motor Company | 2013 Annual Report 125
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 18. ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
The following table summarizes the changes in the accumulated balances for each component of AOCI attributable to
Ford Motor Company for the years ended December 31 (in millions):
2013 2012 2011
Foreign currency translation
Beginning balance $ (1,241) $ (1,383) $ (665)
Net gains/(losses) on foreign currency translation (net of tax benefit of $53 and tax of $0 and
$2) (617)157 (697)
Reclassifications to net income (a) 111 (15)(21)
Other comprehensive income/(loss), net of tax (b) (506)142 (718)
Ending balance $ (1,747) $ (1,241) $ (1,383)
Derivative instruments (c)
Beginning balance $ (175) $ (181) $ (29)
Net gains/(losses) on derivative instruments (net of tax of $141 and tax benefit of $115 and $29) 176 (256)(71)
Reclassifications to net income (net of tax of $41 and $115 and tax benefit of $38) (d) 39 262 (81)
Other comprehensive income/(loss), net of tax 215 6 (152)
Ending balance $ 40 $ (175) $ (181)
Pension and other postretirement benefits
Beginning balance $ (21,438) $ (17,170) $ (13,617)
Prior service cost arising during the period (net of tax of $0 and tax benefit of $1 and $35) 2 (31) 56
Net gains/(losses) arising during the period (net of tax of $1,883 and tax benefit of $2,238
and $1,461) 3,521 (4,693)(4,229)
Amortization of prior service costs/(credits) included in net income (net of tax benefit of $21,
$100, and $183) (e) (24)(164)(40)
Amortization of (gains)/losses included in net income (net of tax of $653, $404, and $69) (e) 1,445 812 631
Translation impact on non-U.S. plans (30)(192) 29
Other comprehensive income/(loss), net of tax 4,914 (4,268)(3,553)
Ending balance $ (16,524) $ (21,438) $ (17,170)
Net holding gains/(losses)
Beginning balance $ — $ — $ (2)
Reclassifications to net income — — 2
Ending balance $ — $ — $ —
Total AOCI ending balance at December 31 $ (18,231) $ (22,854) $ (18,734)
__________
(a) The accumulated translation adjustments related to an investment in a foreign subsidiary are reclassified to net income upon sale or upon complete
or substantially complete liquidation of the entity and are recognized in Automotive interest income and other income/(loss), net or Financial
Services other income/(loss), net.
(b) There were losses of $2 million attributable to noncontrolling interests in 2011.
(c) We expect to reclassify existing net gains of $147 million from Accumulated other comprehensive income/(loss) to Automotive cost of sales during
the next twelve months as the underlying exposures are realized.
(d) Gains/(losses) on cash flow hedges are reclassified from AOCI to income when the hedged item affects earnings and is recognized in Automotive
cost of sales. See Note 16 for additional information.
(e) These AOCI components are included in the computation of net periodic pension cost. See Note 14 for additional information.
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