GE 2012 Annual Report Download - page 114
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112 GE 2012 ANNUAL REPORT
notes to consolidated financial statements
ACCUMULATED OTHER COMPREHENSIVE INCOME
(In millions) 2012 2011 2010
INVESTMENT SECURITIES
Balance at January 1 $ (30) $ (636) $ (652)
OCI before reclassifications—net of deferred taxes of $387, $341 and $72 (a) 683 577 (43)
Reclassifications from OCI—net of deferred taxes of $13, $1 and $32 22 31 59
Other comprehensive income (b) 705 608 16
Less: OCI attributable to noncontrolling interests (2) 2—
Balance at December 31 $ 677 $ (30) $ (636)
CURRENCY TRANSLATION ADJUSTMENTS
Balance at January 1 $ 133 $ (86) $ 3,788
OCI before reclassifications—net of deferred taxes of $(266), $(717) and $3,208 474 (201) (3,939)
Reclassifications from OCI—net of deferred taxes of $54, $357 and $22 (174) 381 63
Other comprehensive income (b) 300 180 (3,876)
Less: OCI attributable to noncontrolling interests 21 (39) (2)
Balance at December 31 $ 412 $ 133 $ (86)
CASH FLOW HEDGES
Balance at January 1 $ (1,176) $ (1,280) $ (1,734)
OCI before reclassifications—net of deferred taxes of $217, $238 and $(515) (127) (860) (552)
Reclassifications from OCI—net of deferred taxes of $(70), $202 and $706 580 978 1,057
Other comprehensive income (b) 453 118 505
Less: OCI attributable to noncontrolling interests (1) 14 51
Balance at December 31 $ (722) $ (1,176) $ (1,280)
BENEFIT PLANS
Balance at January 1 $(22,901) $(15,853) $(16,932)
Prior service credit (cost)—net of deferred taxes of $304, $(276) and $1 534 (495) (3)
Net actuarial loss—net of deferred taxes of $(574), $(4,746) and $(261) (1,396) (8,637) (498)
Net curtailment/settlement—net of deferred taxes of $123 174 ——
Prior service cost amortization—net of deferred taxes of $326, $341 and $346 497 514 513
Net actuarial loss amortization—net of deferred taxes of $1,278, $811 and $486 2,490 1,578 1,056
Other comprehensive income (b) 2,299 (7,040) 1,068
Less: OCI attributable to noncontrolling interests (5) 8(11)
Balance at December 31 $(20,597) $(22,901) $(15,853)
ACCUMULATED OTHER COMPREHENSIVE INCOME AT DECEMBER 31 $(20,230) $(23,974) $(17,855)
(a) Includes adjustments of $527 million, $786 million and $1,171 million in 2012, 2011 and 2010, respectively, to deferred acquisition costs, present value of future profits, and
investment contracts, insurance liabilities and insurance annuity benefits in our run-off insurance operations to reflect the effects that would have been recognized had
the related unrealized investment securities holding gains and losses actually been realized in accordance with ASC 320-10-S99-2.
(b) Total other comprehensive income was $3,757 million, $(6,134) million and $(2,287) million in 2012, 2011 and 2010, respectively.