Citibank 2014 Annual Report Download - page 241

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During the year ended December 31, 2013, the Company recognized a pretax loss of $1,071 million ($649 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, 2013
Realized (gains) losses on sales of investments $ (748)
OTTI gross impairment losses 334
Subtotal, pretax $ (414)
Tax effect 139
Net realized (gains) losses on investment securities, after-tax (1) $ (275)
Interest rate contracts $ 700
Foreign exchange contracts 176
Subtotal, pretax $ 876
Tax effect (340)
Amortization of cash flow hedges, after-tax (2) $ 536
Amortization of unrecognized
Prior service cost (benefit) $ —
Net actuarial loss 271
Curtailment/settlement impact (3) 44
Cumulative effect of change in accounting policy (3) (20)
Subtotal, pretax $ 295
Tax effect (112)
Amortization of benefit plans, after-tax (3) $ 183
Foreign currency translation adjustment $ 205
Total amounts reclassified out of AOCI, pretax $1,071
Total tax effect (422)
Total amounts reclassified out of AOCI, after-tax $ 649
(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.