Citibank 2015 Annual Report Download - page 238

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During 2015, 2014 and 2013 the Company recognized pretax losses of $155 million ($92 million net of tax), $542 million ($334 million gain net of tax)
and $1,071 million ($649 million net of tax), respectively, 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
Year ended December 31,
In millions of dollars 2015 2014 2013
Realized (gains) losses on sales of investments $(682) $(570) $ (748)
OTTI gross impairment losses 265 424 334
Subtotal, pretax $(417) $(146) $ (414)
Tax effect 148 53 139
Net realized (gains) losses on investment securities, after-tax (1) $(269) $ (93) $ (275)
Interest rate contracts $ 186 $ 260 $ 700
Foreign exchange contracts 146 149 176
Subtotal, pretax $ 332 $ 409 $ 876
Tax effect (123) (158) (340)
Amortization of cash flow hedges, after-tax (2) $ 209 $ 251 $ 536
Amortization of unrecognized
Prior service cost (benefit) $ (40) $ (40) $ —
Net actuarial loss 276 243 271
Curtailment/settlement impact (3) 57 76 44
Cumulative effect of change in accounting policy (3) —— (20)
Subtotal, pretax $ 293 $ 279 $ 295
Tax effect (107) (103) (112)
Amortization of benefit plans, after-tax (3) $ 186 $ 176 $ 183
Foreign currency translation adjustment $ (53) $ — $ 314
Tax effect 19 — (109)
Foreign currency translation adjustment $ (34) $ — $ 205
Total amounts reclassified out of AOCI, pretax $ 155 $ 542 $1,071
Total tax effect (63) (208) (422)
Total amounts reclassified out of AOCI, after-tax $ 92 $ 334 $ 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 Note 8 to the Consolidated Financial Statements for additional details.