Charles Schwab 2010 Annual Report Download - page 94

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THE CHARLES SCHWAB CORPORATION
Notes to Consolidated Financial Statements
(Tabular Amounts in Millions, Except Per Share Data, Option Price Amounts, Ratios, or as Noted)
18. Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) represents cumulative gains and losses that are not reflected in earnings. The
components of other comprehensive income (loss) are as follows:
Accumulated other comprehensive income (loss) balances were as follows:
-75 -
Year Ended December 31, 2010 2009 2008
Befor
e
tax
Tax
effect
Net of
tax
Befor
e
tax
Tax
effect
Net of
tax
Before
tax
Tax
effect
Net of
tax
Securities available for sale:
Net unrealized gain
(loss) arising during
the
y
ear
$300
$ (115)
$185
$536
$ (212)
$324
$ (955)
$374
$ (581)
Reclassification of OTTI
charges included in
earnin
g
s
36
(14)
22
6
0
(24)
36
44
(17)
27
Other reclassifications of
net losses in earnin
g
s
1
—
1
3
(1)
2
31
(12)
19
Net unrealized gain (loss)
on securities available
for sale
337
(129)
208
599
(237)
362
(88
0
)
345
(535)
Foreign currency translation
ad
j
ustment
—
—
—
—
—
—
(1)
—
(1)
Net unrealized loss on cash
flow hedging
instruments
(1)
—
(1)
—
—
—
—
—
—
Other comprehensive
income (loss)
$ 336
$ (129)
$ 207
$ 599
$ (237)
$ 362
$ (881)
$ 345
$ (536)
Net unrealized gain (loss)
on securities available for sale
Portion of
unrealized gain
(loss) on Non-OTTI
securities
Portion of
unrealized loss
on OTTI
securities
Foreign
currency
translation
adjustment
Net unrealized
loss on cash
flow hedging
instruments
Total accumulated
other
comprehensive
income (loss)
Balance at
December 31, 2007
$(18)
$
—
$ 1
$
—
$(17)
Net chan
g
e
(535)
—
(1)
—
(536)
Balance at
December 31, 2008
(553)
—
—
—
(553)
Reclassification of
OTTI securities
149
(149)
—
—
—
Other net chan
g
es
327
35
—
—
362
Balance at
December 31, 2009
(77)
(114)
—
—
(191)
Reclassification of
OTTI securities
21
(21)
—
—
—
Other net chan
g
es
144
64
—
(1)
207
Balance at
December 31, 201
0
$88
$ (71)
$
—
$ (1)
$16