DuPont 2014 Annual Report Download - page 83

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E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)
F-30
Other Comprehensive Income
A summary of the pre-tax, tax, and after-tax effects of the components of other comprehensive (loss) income for the years ended
December 31, 2014, 2013, and 2012 is provided as follows:
For the year ended December 31, 2014 2013 2012 Affected Line Item
in Consolidated
Income
Statements1
Pre-
Tax Tax After-
Tax Pre-
Tax Tax After-
Tax Pre-
Tax Tax After-
Tax
Cumulative translation adjustment $ (876) $ — $ (876) $ 25 $ — $ 25 $ 77 $ — $ 77
Net revaluation and clearance of cash flow
hedges to earnings:
Additions and revaluations of derivatives
designated as cash flow hedges 53 (20) 33 (58) 22 (36) 8 (6) 2 See (2) below
Clearance of hedge results to earnings:
Foreign currency contracts (15) 5 (10) (1) — (1) (21) 8 (13) Net sales
Commodity contracts 30 (11) 19 (24) 10 (14) (44) 20 (24) Cost of goods sold
Net revaluation and clearance of cash flow
hedges to earnings 68 (26) 42 (83) 32 (51) (57) 22 (35)
Pension benefit plans:
Net (loss) gain (4,131) 1,497 (2,634) 3,293 (1,136) 2,157 (1,433) 437 (996) See (2) below
Prior service benefit 44 (11) 33 62 (22) 40 22 (8) 14 See (2) below
Reclassifications to net income:
Amortization of prior service cost 2 — 2 8 (2) 6 13 (4) 9 See (3) below
Amortization of loss 601 (209) 392 957 (331) 626 887 (305) 582 See (3) below
Curtailment loss 4 (1) 3 1 — 1 2 — 2 See (3) below
Settlement loss 7 (2) 5 152 (45) 107 5 (2) 3 See (3) below
Pension benefit plans, net (3,473) 1,274 (2,199) 4,473 (1,536) 2,937 (504) 118 (386)
Other benefit plans:
Net (loss) gain (280) 100 (180) 513 (184) 329 (60) 17 (43) See (2) below
Prior service benefit 50 (1) 49 211 (72) 139 857 (299) 558 See (2) below
Reclassifications to net income:
Amortization of prior service benefit (214) 76 (138) (195) 69 (126) (155) 54 (101) See (3) below
Amortization of loss 57 (20) 37 76 (27) 49 94 (33) 61 See (3) below
Curtailment (gain) loss — — — (154) 54 (100) 3 (1) 2 See (3) below
Settlement loss — — — 1 — 1 — — — See (3) below
Other benefit plans, net (387) 155 (232) 452 (160) 292 739 (262) 477
Net unrealized gain (loss) on securities — — — 1 (1) — (2) 1 (1)
Other comprehensive (loss) income $ (4,668) $ 1,403 $ (3,265) $ 4,868 $ (1,665) $ 3,203 $ 253 $ (121) $ 132
1 Represents the income statement line item within the Consolidated Income Statement affected by the pre-tax reclassification out of other comprehensive
income.
2 These amounts represent changes in accumulated other comprehensive income excluding changes due to reclassifying amounts to the Consolidated Income
Statements.
3 These accumulated other comprehensive income components are included in the computation of net periodic benefit cost of the company's pension and other
long-term employee benefit plans. See Note 17 for additional information.
Tax benefit (expense) recorded in Stockholders' Equity was $1,461, $(1,617) and $(70) for the years 2014, 2013 and 2012,
respectively. Included in these amounts were tax benefits of $58, $48 and $51 for the years 2014, 2013 and 2012, respectively,
associated with stock compensation programs. The remainder consists of amounts recorded within other comprehensive income
as shown in the table above.