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Baker Hughes Incorporated
Notes to Consolidated Financial Statements
81
NOTE 14. ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table presents the changes in accumulated other comprehensive loss, net of tax:
Pensions and
Other
Postretirement
Benefits
Foreign
Currency
Translation
Adjustments
Accumulated
Other
Comprehensive
Loss
Balance at December 31, 2012 $ (250) $ (226) $ (476)
Other comprehensive income before reclassifications:
Foreign currency translation adjustments (61) (61)
Pensions and other postretirement benefits:
Actuarial net gain arising in the year 38 38
Deferred taxes (17) (17)
Amounts reclassified from accumulated other comprehensive loss:
Amortization of net actuarial loss 23 23
Amortization of prior service credit (7) (7)
Curtailment/settlements 2 2
Deferred taxes (6) (6)
Balance at December 31, 2013 (217) (287) (504)
Other comprehensive income before reclassifications:
Foreign currency translation adjustments (216) (216)
Pensions and other postretirement benefits:
Actuarial net loss arising in the year (38) (38)
Deferred taxes 10 10
Amounts reclassified from accumulated other comprehensive loss:
Amortization of net actuarial loss 14 14
Amortization of prior service credit (14) (14)
Deferred taxes (1) (1)
Balance at December 31, 2014 $ (246) $ (503) $ (749)
The amounts reclassified from accumulated other comprehensive loss during the twelve months ended
December 31, 2014 and 2013 represent the amortization of net actuarial loss, prior service credit and curtailments
and settlements which are included in the computation of net periodic pension cost (see Note 12. "Employee Benefit
Plans" for additional details). Net periodic pension cost is recorded in cost of sales and services, research and
engineering, and marketing, general and administrative expenses.