Freddie Mac 2014 Annual Report Download - page 198

193 Freddie Mac
Table 11.1 — Changes in AOCI by Component, Net of Tax
Year Ended December 31, 2014
AOCI Related
to Available-
For-Sale
Securities
AOCI Related
to Cash Flow
Hedge
Relationships
AOCI Related
to Defined
Benefit Plans Total
(in millions)
Beginning balance $ 962 $ (1,000) $ 32 $ (6)
Other comprehensive income before reclassifications(1) 2,087 — (43) 2,044
Amounts reclassified from accumulated other comprehensive income (503) 197 (2) (308)
Changes in AOCI by component 1,584 197 (45) 1,736
Ending balance $ 2,546 $ (803) $ (13) $ 1,730
Year Ended December 31, 2013
AOCI Related
to Available-
For-Sale
Securities
AOCI Related
to Cash Flow
Hedge
Relationships
AOCI Related
to Defined
Benefit Plans Total
(in millions)
Beginning balance $ (1,444) $ (1,316) $ (178) $ (2,938)
Other comprehensive income before reclassifications(1) 2,659 — 169 2,828
Amounts reclassified from accumulated other comprehensive income (253) 316 41 104
Changes in AOCI by component 2,406 316 210 2,932
Ending balance $ 962 $ (1,000) $ 32 $ (6)
(1) For the years ended December 31, 2014 and 2013, net of tax expense of $1.1 billion and $1.4 billion, respectively, for AOCI related to available-for-
sale securities.
Reclassifications from AOCI to Net Income
The table below presents reclassifications from AOCI to net income, including the affected line item in our consolidated
statements of comprehensive income.
Table 11.2 — Reclassifications from AOCI to Net Income
Details about Accumulated Other
Comprehensive Income Components Three Months Ended December 31, Year Ended December 31, Affected Line Item in the Consolidated Statements of Comprehensive Income
2014 2013 2014 2013
(in millions)
AOCI related to available-for-sale
securities
$ 500 $ 717 $ 1,712 $ 1,899 Other gains (losses) on investment
securities recognized in earnings
(251) (1,297) (938) (1,510) Net impairment of available-for-sale
securities recognized in earnings
249 (580) 774 389 Total before tax
(87) 203 (271) (136) Tax (expense) or benefit
162 (377) 503 253 Net of tax
AOCI related to cash flow hedge
relationships
— — (2) (5) Interest expense — Other debt
(71) (95) (301) (455) Expense related to derivatives
(71) (95) (303) (460) Total before tax
25 29 106 144 Tax (expense) or benefit
(46) (66) (197) (316) Net of tax
AOCI related to defined benefit plans
1 8 4 2 Salaries and employee benefits
(1) (43) (2) (43) Tax (expense) or benefit
— (35) 2 (41) Net of tax
Total reclassifications in the period $ 116 $ (478) $ 308 $ (104) Net of tax
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