Harley Davidson 2014 Annual Report Download - page 78

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2012
Foreign currency
translation
adjustments
Marketable
securities
Derivative financial
instruments
Pension and
postretirement
benefit plans Total
Balance, beginning of period $49,935 $327 $6,307 $(533,302) $ (476,733)
Other comprehensive
income (loss) before
reclassifications 2,212 556 (814)(251,291)(249,337)
Income tax (812)(206)301 93,078 92,361
Net other comprehensive
income (loss) before
reclassifications 1,400 350 (513)(158,213)(156,976)
Reclassifications:
Realized (gains) losses -
foreign currency contracts(a) — — (18,586)— (18,586)
Realized (gains) losses -
commodities contracts(a) — — 705 — 705
Realized (gains) losses -
interest rate swaps(b) — — 2,542 — 2,542
Prior service credits(c) — — — (895)(895)
Actuarial losses(c) — — — 51,295 51,295
Curtailment and settlement
losses
— — — 6,242 6,242
Total before tax — — (15,339)56,642 41,303
Income tax expense (benefit) — — 5,708 (20,980)(15,272)
Net reclassifications — — (9,631)35,662 26,031
Other comprehensive income
(loss) 1,400 350 (10,144)(122,551)(130,945)
Balance, end of period $51,335 $677 $(3,837) $ (655,853) $ (607,678)
(a) Amounts reclassified to net income are included in motorcycles and related products cost of goods sold.
(b) Amounts reclassified to net income are presented in financial services interest expense.
(c) Amounts reclassified are included in the computation of net periodic cost. See Note 13 for information related to
pension and postretirement benefit plans.
78
11.€€€€Debt
Debt with contractual terms less than one year is generally classified as short-term debt and consisted of the following as
of December€31 (in thousands):€
2014 2013
Unsecured commercial paper $731,786 $666,317