Emerson 2014 Annual Report Download - page 55

2014 Emerson > 51
(16) Accumulated Other Comprehensive Income (Loss)
Activity in accumulated other comprehensive income (loss) attributable to common stockholders is shown below:
2012 2013 2014
Foreign currency translation, beginning $ 671 466 504
Purchase of noncontrolling interest — — 8
Other comprehensive income (loss) (205) 38 (341)
Foreign currency translation, ending 466 504 171
Pension and postretirement, beginning (1,164) (1,213) (692)
Actuarial gains (losses) deferred during the period, net of taxes of: 2012, $81; 2013, $(233); 2014, $87 (160) 375 (152)
Amortization of deferred losses into earnings, net of taxes of: 2012, $(62); 2013, $(85); 2014, $(52) 111 146 98
Pension and postretirement, ending (1,213) (692) (746)
Cash flow hedges, beginning (69) 16 (1)
Gains (losses) deferred during the period, net of taxes of: 2012, $(37); 2013, $7; 2014, $0 64 (11) (1)
Reclassification of (gains) losses to sales and cost of sales, net of taxes of: 2012, $(13); 2013, $3; 2014, $0 21 (6) 2
Cash flow hedges, ending 16 (1) —
Accumulated other comprehensive income (loss) $ (731) (189) (575)
(17) Business Segments Information
The Company designs and manufactures products bringing technology and engineering together to provide
innovative solutions for customers in a wide range of industrial, commercial and consumer markets around the
world. The business segments of the Company are organized primarily by the nature of the products and services
they sell.
The Process Management segment provides systems and software, measurement and analytical instrumentation,
valves, actuators and regulators, services and solutions and reliability consulting including digital plant architecture
that allows communication of devices with centralized systems, to provide precision measurement, control,
monitoring, asset optimization and plant safety and reliability for plants that produce power or process fluids or
items such as petroleum, chemicals, food and beverages, pulp and paper, pharmaceuticals and municipal water
supplies. The Industrial Automation segment provides low, medium and high voltage alternators and other
power generation equipment, commercial and industrial motors and drives, power transmission and materials
handling equipment, materials joining and precision cleaning products, fluid power and control mechanisms and
electrical distribution equipment which are used in a wide variety of manufacturing operations to provide integrated
manufacturing solutions to customers. The Network Power segment designs, manufactures, installs and maintains
power systems for telecommunications networks, data centers and other critical applications, including power
conditioning and uninterruptible power systems, thermal management, critical power systems, integrated data
center control devices, software, monitoring and 24-hour service. The Climate Technologies segment supplies
compressors, temperature sensors and controls, thermostats, flow controls and remote monitoring technology
and services to all elements of the climate control industry, including residential heating and cooling, commercial
air conditioning, commercial and industrial refrigeration and marine controls. The Commercial & Residential
Solutions segment provides tools for professionals and homeowners, home and commercial storage systems
and appliance solutions. The principal distribution method for each segment is direct sales forces, although the
Company also uses independent sales representatives and distributors. Due to its global presence, certain of the
Company’s international operations are subject to risks such as significant currency exchange rate fluctuations,
restrictions on the movement of funds and potential nationalization of operations.