Citibank 2014 Annual Report Download - page 240
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223
During the year ended December 31, 2014, the Company recognized a pretax loss of $542 million ($334 million net of tax) related to amounts reclassified out
of Accumulated other comprehensive income (loss) into the Consolidated Statement of Income. See details in the table below:
Increase (decrease) in AOCI due to
amounts reclassified to Consolidated
Statement of Income
In millions of dollars Year ended December 31, 2014
Realized (gains) losses on sales of investments $(570)
OTTI gross impairment losses 424
Subtotal, pretax $(146)
Tax effect 53
Net realized (gains) losses on investment securities, after-tax (1) $ (93)
Interest rate contracts $ 260
Foreign exchange contracts 149
Subtotal, pretax $ 409
Tax effect (158)
Amortization of cash flow hedges, after-tax (2) $ 251
Amortization of unrecognized
Prior service cost (benefit) $ (40)
Net actuarial loss 243
Curtailment/settlement impact (3) 76
Subtotal, pretax $ 279
Tax effect (103)
Amortization of benefit plans, after-tax (3) $ 176
Foreign currency translation adjustment $ —
Total amounts reclassified out of AOCI, pretax $ 542
Total tax effect (208)
Total amounts reclassified out of AOCI, after-tax $ 334
(1) The pretax amount is reclassified to Realized gains (losses) on sales of investments, net and Gross impairment losses on the Consolidated Statement of Income. See Note 14 to the Consolidated Financial Statements
for additional details.
(2) See Note 23 to the Consolidated Financial Statements for additional details.
(3) See Notes 1 and 8 to the Consolidated Financial Statements for additional details.