Charles Schwab 2011 Annual Report Download - page 107
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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)
- 79 -
19. 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:
Year Ended December 31, 2011 2010 2009
Before Tax Net of Before Tax Net of Before Tax Net of
tax effect tax tax effect tax tax effect tax
Securities available for sale:
Net unrealized (loss) gain arising
during the year $ (43) $ 16 $ (27) $ 300 $ (115) $ 185 $ 536 $ (212) $ 324
Reclassification of impairment
charges included in earnings 31 (12) 19 36 (14) 22 60 (24) 36
Other reclassifications of net losses
in earnings 1 - 1 1 - 1 3 (1) 2
Net unrealized (loss) gain on securities
available for sale (11) 4 (7) 337 (129) 208 599 (237) 362
Foreign currency translation adjustment (1) - (1) - - - - - -
Net unrealized loss on cash flow
hedging instruments - - - (1) - (1) - - -
Other comprehensive (loss) income $ (12) $ 4 $ (8) $ 336 $ (129) $ 207 $ 599 $ (237) $ 362
Accumulated other comprehensive income (loss) balances were as follows:
Net unrealized gain (loss)
on securities available for sale
Portion of Portion of Foreign Net unrealized Total accumulated
unrealized gain unrealized loss currency loss on cash other
(loss) on Non-OTTI on OTTI translation flow hedging comprehensive
securities securities adjustment instruments income (loss)
Balance at December 31, 2008 $ (553) $ - $ - $ - $ (553)
Transfer to OTTI securities 149 (149) - - -
Other net changes 327 35 - - 362
Balance at December 31, 2009 (77) (114) - - (191)
Transfer to OTTI securities 21 (21) - - -
Other net changes 144 64 - (1) 207
Balance at December 31, 2010 88 (71) - (1) 16
Transfer to OTTI securities 8 (8) - - -
Other net changes - (7) (1) - (8)
Balance at December 31, 2011 $ 96 $ (86) $ (1) $ (1) $ 8