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Table of Contents
82
Note 14. Comprehensive Income (Loss)
Comprehensive income (loss), which primarily includes net income (loss), unrealized gain (loss) on marketable securities,
unrealized gain (loss) on derivative instruments and the effect of foreign currency translation gain (loss) is disclosed in the
consolidated statements of operations and comprehensive income (loss) and the consolidated statements of shareholders’ equity.
The following tables summarize the activity in other comprehensive income (loss), net of the related tax effects.
Unrealized
Gains on Foreign
Unrealized Available Currency
(Losses) Gains on -for-Sale Translation
(In millions) Derivatives Securities Loss Total
Balance as of December 31, 2013 $ 1 $ 7 $ (1) $ 7
Other comprehensive (loss) income before reclassifications:
Pre-tax amount (12) 3 (5) (15)
Tax (benefit) provision (5) 1 — (4)
After-tax amount (7) 1 (5) (11)
Amounts reclassified from accumulated other comprehensive
income (loss)(1) 1 (3) — (1)
N
et current period other comprehensive loss (6) (1) (5) (13)
Spin-off of the TruGreen Business — — (2) (2)
Balance as of December 31, 2014 $ (6) $ 6 $ (8) $ (8)
Other comprehensive (loss) income before reclassifications:
Pre-tax amount (13) 1 (8) (21)
Tax (benefit) provision (5) — — (5)
After-tax amount (9) 1 (8) (16)
Amounts reclassified from accumulated other comprehensive
income (loss)(1) 7 (4) — 3
N
et current period other comprehensive loss (2) (3) (8) (13)
Balance as of December 31, 2015 $ (7) $ 2 $ (15) $ (21)
___________________________________
(1) Amounts are net of tax. See reclassifications out of accumulated other comprehensive income (loss) below for further details.
Reclassifications out of accumulated other comprehensive income (loss) included the following components for the periods
indicated.
Amounts Reclassified from Accumulated
Other Comprehensive Income (Loss)
As of December 31, Consolidated Statements of Operations
(In millions) 2015 2014 2013 and Comprehensive Income (Loss) Location
(Losses) gains on derivatives:
Fuel swap contracts $ (5) $ (1) $ 1 Cost of services rendered and products sold
Interest rate swap contracts (6) (1) (5) Interest expense
N
et losses on derivatives (11) (2) (4)
Impact of income taxes 4 1 2 Provision for income taxes
Total reclassifications related to derivatives $ (7) $ (1) $ (2)
Gains on available-fo
r
-sale securities $ 7 $ 4 $ 2 Interest and net investment income
Impact of income taxes (3) (2) (1) Provision for income taxes
Total reclassifications related to securities $ 4 $ 3 $ 1
Total reclassifications for the period $ (3) $ 1 $ (1)
98 2015 Annual Report