Citibank 2015 Annual Report Download - page 236

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20. CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Changes in each component of Citigroup’s Accumulated other comprehensive income (loss):
In millions of dollars
Net
unrealized
gains (losses)
on investment
securities
Cash flow
hedges (1)
Benefit
plans (2)
Foreign
currency
translation
adjustment
(CTA), net
of hedges (3)(4)
Accumulated
other
comprehensive
income (loss)
Balance, December 31, 2012 $ 597 $(2,293) $(5,270) $ (9,930) $ (16,896)
Change, net of taxes (5) (1,962) 512 1,098 (2,534) (2,886)
Increase (decrease) due to amounts reclassified from AOCI (5) (275) 536 183 205 649
Change, net of taxes (5) $(2,237) $ 1,048 $ 1,281 $ (2,329) $ (2,237)
Balance, December 31, 2013 $(1,640) $(1,245) $(3,989) $ (12,259) $ (19,133)
Other comprehensive income before reclassifications $ 1,790 $ 85 $(1,346) $ (4,946) $ (4,417)
Increase (decrease) due to amounts reclassified from AOCI (93) 251 176 — 334
Change, net of taxes $ 1,697 $ 336 $(1,170) $ (4,946) $ (4,083)
Balance, December 31, 2014 $ 57 $ (909) $(5,159) $ (17,205) $ (23,216)
Other comprehensive income before reclassifications $ (695) $ 83 $ (143) $ (5,465) $ (6,220)
Increase (decrease) due to amounts reclassified from AOCI (269) 209 186 (34) 92
Change, net of taxes $ (964) $ 292 $ 43 $ (5,499) $ (6,128)
Balance at December 31, 2015 $ (907) $ (617) $(5,116) $(22,704) $(29,344)
(1) Primarily driven by Citigroup’s pay fixed/receive floating interest rate swap programs that hedge the floating rates on liabilities.
(2) Primarily reflects adjustments based on the quarterly actuarial valuations of the Company’s significant pension and postretirement plans, annual actuarial valuations of all other plans, and amortization of amounts
previously recognized in other comprehensive income.
(3) Primarily reflects the movements in (by order of impact) the Mexican peso, Brazilian real, Korean won and Euro against the U.S. dollar, and changes in related tax effects and hedges for the year ended
December 31, 2015. Primarily reflects the movements in (by order of impact) the Mexican peso, Euro, Japanese yen, and Russian ruble against the U.S. dollar, and changes in related tax effects and hedges for the
year ended December 31, 2014. Primarily reflects the movements in (by order of impact) the Japanese yen, Mexican peso, Australian dollar and Indian rupee against the U.S. dollar, and changes in related tax effects
and hedges for the year ended December 31, 2013.
(4) During 2014, $137 million ($84 million net of tax) was reclassified to reflect the allocation of FX translation between net unrealized gains (losses) on investment securities to foreign currency translation
adjustment (CTA).
(5) On December 20, 2013, the sale of Credicard was completed (see Note 2 to the Consolidated Financial Statements). The total impact to the gross CTA (net CTA including hedges) was a pretax loss of $314 million
($205 million net of tax).