Ally Bank 2014 Annual Report Download - page 139

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Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K
127
The following table presents the before- and after-tax changes in each component of accumulated other comprehensive (loss) income.
December 31, ($ in millions) Before Tax Tax Effect After Tax
2014
Unrealized gains on investment securities
Net unrealized gains arising during the period $ 557 $ (142) $ 415
Less: Net realized gains reclassified to income from continuing operations 181 (a) (14) (b) 167
Net change 376 (128) 248
Translation adjustments
Net unrealized losses arising during the period (27) 10 (17)
Less: Net realized gains reclassified to income from discontinued operations, net of tax 23 (3) 20
Net change (50) 13 (37)
Net investment hedges (c)
Net unrealized gains arising during the period 13 (5) 8
Cash flow hedges (c)
Net unrealized gains arising during the period 2— 2
Defined benefit pension plans
Net unrealized losses arising during the period (24) 9 (15)
Less: Net losses reclassified to income from continuing operations (7) (d) 3 (b) (4)
Net change (17) 6 (11)
Other comprehensive income $ 324 $ (114) $ 210
2013
Unrealized losses on investment securities
Net unrealized losses arising during the period $ (333) $ 174 $ (159)
Less: Net realized gains reclassified to income from continuing operations 180 (a) (2) (b) 178
Less: Net realized gains reclassified to income from discontinued operations, net of tax 10 (2) 8
Net change (523) 178 (345)
Translation adjustments
Net unrealized losses arising during the period (104) 24 (80)
Less: Net realized gains reclassified to income from discontinued operations, net of tax 337 92 429
Net change (441) (68) (509)
Net investment hedges (c)
Net unrealized gains arising during the period 59 (22) 37
Less: Net realized losses reclassified to income from discontinued operations, net of tax (250) 81 (169)
Net change 309 (103) 206
Cash flow hedges (c)
Net unrealized losses arising during the period (1) — (1)
Less: Net realized losses reclassified to income from continuing operations (7) (e) 3 (b) (4)
Net change 6 (3) 3
Defined benefit pension plans
Net unrealized gains arising during the period 26 (8) 18
Less: Net losses reclassified to income from continuing operations (2) (d) — (b) (2)
Less: Net losses reclassified to income from discontinued operations, net of tax (49) 11 (38)
Net change 77 (19) 58
Other comprehensive income $ (572) $ (15) $ (587)
(a) Includes gains reclassified to other gain on investments, net in our Consolidated Statement of Income.
(b) Includes amounts reclassified to income tax (benefit) expense from continuing operations in our Consolidated Statement of Income.
(c) For additional information on derivative instruments and hedging activities, refer to Note 22.
(d) Includes losses reclassified to compensation and benefits expense in our Consolidated Statement of Income.
(e) Includes losses reclassified to long-term debt in our Consolidated Statement of Income.