Ally Bank 2011 Annual Report Download - page 188

Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10−K
The following table presents the before− and after−tax changes in each component of accumulated other comprehensive income (loss).
December 31, ($ in millions) Before Tax Tax Effect After Tax
2011
Unrealized gains on investment securities
Net unrealized gains arising during the period $ 213 $ (17) $ 196
Less: Net realized gains reclassified to net income (a) 296 (12) 284
Net change (83) (5) (88)
Translation adjustments and net investment hedges
Translation adjustments (238) 1 (237)
Hedges − Net unrealized gains arising during the period 165 — 165
Less: Hedges − Net realized losses reclassified to net income (8) — (8)
Net change (65) 1 (64)
Defined benefit pension plans
Net gains (losses), prior service costs, and transition obligation arising during the period (25) (2) (27)
Less: Net gains (losses), prior service costs, and transition obligations reclassified to net income (12) 5 (7)
Net change (13) (7) (20)
Other comprehensive loss $ (161) $ (11) $ (172)
2010
Unrealized gains on investment securities
Net unrealized gains arising during the period $ 317 $ 3 $ 320
Less: Net realized gains reclassified to net income 506 (9) 497
Net change (189) 12 (177)
Translation adjustments and net investment hedges
Translation adjustments 178 (13) 165
Hedges − Net unrealized losses arising during the period (183) — (183)
Less: Hedges − Net realized losses reclassified to net income (1) — (1)
Net change (4) (13) (17)
Cash flow hedges
Net unrealized gains arising during the period 35 (2) 33
Defined benefit pension plans
Net gains (losses), prior service costs, and transition obligation arising during the period (45) (14) (59)
Less: Net gains (losses), prior service costs, and transition obligations reclassified to net income (14) (5) (19)
Net change (31) (9) (40)
Other comprehensive loss $ (189) $ (12) $ (201)
2009
Unrealized gains on investment securities
Net unrealized gains arising during the period $ 190 $ (75) $ 115
Less: Net realized losses reclassified to net income (166) 58 (108)
Net change 356 (133) 223
Translation adjustments and net investment hedges
Translation adjustments 591 10 601
Cash flow hedges
Net unrealized gains arising during the period 10 (9) 1
Defined benefit pension plans
Net gains (losses), prior service costs, and transition obligation arising during the period 39 (2) 37
Less: Net gains (losses), prior service costs, and transition obligations reclassified to net income 13 — 13
Net change 26 (2) 24
Other comprehensive income $ 983 $ (134) $ 849
(a) Includes gains of $2 million at December 31, 2011, classified as (loss) income from discontinued operations, net of tax, in our Consolidated Statement of Income.
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