GE 2013 Annual Report Download - page 118
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116 GE 2013 ANNUAL REPORT
ACCUMULATED OTHER COMPREHENSIVE INCOME
(In millions) 2013 2012 2011
INVESTMENT SECURITIES
Balance at January 1 $ 677 $ (30) $ (636)
OCI before reclassifications—net of deferred taxes of $(407), $387 and $341 (a) (692) 683 577
Reclassifications from OCI—net of deferred taxes of $222, $13 and $1 318 22 31
Other comprehensive income (b) (374) 705 608
Less OCI attributable to noncontrolling interests (4) (2) 2
Balance at December 31 $ 307 $ 677 $ (30)
CURRENCY TRANSLATION ADJUSTMENTS (CTA)
Balance at January 1 $ 412 $ 133 $ (86)
OCI before reclassifications—net of deferred taxes of $(613), $(266) and $(717) 510 474 (201)
Reclassifications from OCI—net of deferred taxes of $793, $54 and $357 (818) (174) 381
Other comprehensive income (b) (308) 300 180
Less OCI attributable to noncontrolling interests (22) 21 (39)
Balance at December 31 $ 126 $ 412 $ 133
CASH FLOW HEDGES
Balance at January 1 $ (722) $ (1,176) $ (1,280)
OCI before reclassifications—net of deferred taxes of $250, $392 and $238 738 385 (860)
Reclassifications from OCI—net of deferred taxes of $(177), $(245) and $202 (271) 68 978
Other comprehensive income (b) 467 453 118
Less OCI attributable to noncontrolling interests 2 (1) 14
Balance at December 31 $ (257) $ (722) $ (1,176)
BENEFIT PLANS
Balance at January 1 $ (20,597) $ (22,901) $ (15,853)
Prior service credit (cost)—net of deferred taxes of $(5), $304 and $(276) (6) 534 (495)
Net actuarial gain (loss)—net of deferred taxes of $4,506, $(574) and $(4,746) 8,269 (1,396) (8,637)
Net curtailment/settlement—net of deferred taxes of $0, $123 and $0 — 174 —
Prior service cost amortization—net of deferred taxes of $267, $326 and $341 397 497 514
Net actuarial loss amortization—net of deferred taxes of $1,343, $1,278 and $811 2,640 2,490 1,578
Other comprehensive income (b) 11,300 2,299 (7,040)
Less OCI attributable to noncontrolling interests (1) (5) 8
Balance at December 31 $ (9,296) $ (20,597) $ (22,901)
ACCUMULATED OTHER COMPREHENSIVE INCOME AT DECEMBER 31 $ (9,120) $ (20,230) $ (23,974)
(a) Includes adjustments of $(1,171) million, $527 million and $786 million in 2013, 2012 and 2011, 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.
(b) Total other comprehensive income was $11,085 million, $3,757 million and $(6,134) million in 2013, 2012 and 2011, respectively.