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15. Comprehensive Income
The components of AOCI, net of tax, and the other comprehensive income (loss), excluding noncontrolling interest, are
summarized as follows (in millions):
Net Unrealized
Gains on
Available-for-
Sale Investments
Net Unrealized
Gains (Losses)
Cash Flow
Hedging
Instruments
Cumulative
Translation
Adjustment and
Actuarial Gains
and Losses
Accumulated
Other
Comprehensive
Income
BALANCE AT JULY 28, 2012 ................................... $ 409 $ (53) $ 305 $ 661
Other comprehensive income (loss) before reclassifications
attributable to Cisco Systems, Inc. .............................. 3 74 (83) (6)
(Gains) losses reclassified out of AOCI ........................... (48) (12) — (60)
Tax benefit (expense) ............................................. 15 (1) (1) 13
BALANCE AT JULY 27, 2013 ................................... 379 8 221 608
Other comprehensive income (loss) before reclassifications
attributable to Cisco Systems, Inc. .............................. 380 48 49 477
(Gains) losses reclassified out of AOCI ........................... (300) (68) — (368)
Tax benefit (expense) ............................................. (35) — (5) (40)
BALANCE AT JULY 26, 2014 .................................. 424 (12) 265 677
Other comprehensive income (loss) before reclassifications
attributable to Cisco Systems, Inc. ............................ (28) (159) (563) (750)
(Gains) losses reclassified out of AOCI .......................... (157) 154 2 (1)
Tax benefit (expense) ............................................ 71 1 63 135
BALANCE AT JULY 25, 2015 .................................. $ 310 $ (16) $ (233) $ 61
The net gains (losses) reclassified out of AOCI into the Consolidated Statements of Operations, with line item location, during
each period were as follows (in millions):
July 25, 2015 July 26, 2014 July 27, 2013
Comprehensive Income Components Income Before Taxes Line Item in Statements of Operations
Net unrealized gains on available-for-sale
investments
$ 157 $ 300 $ 48 Other income (loss), net
Net unrealized gains and losses on cash flow
hedging instruments
Foreign currency derivatives .................... (121) 55 10 Operating expenses
Foreign currency derivatives .................... (33) 13 2 Cost of sales—service
(154) 68 12
Cumulative translation adjustment and actuarial
gains and losses ................................ (2) — — Operating expenses
Total amounts reclassified out of AOCI ........... $1$ 368 $ 60
115