Harley Davidson 2015 Annual Report Download - page 77

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77
2014
Foreign currency
translation
adjustments Marketable
securities
Derivative
financial
instruments
Pension and
postretirement
benefit plans Total
Balance, beginning of period $ 33,326 $ (276) $ (1,680) $ (364,046) $ (332,676)
Other comprehensive (loss) income
before reclassifications (50,310) (673) 46,775 (301,832)(306,040)
Income tax 13,502 249 (17,325) 111,799 108,225
Net other comprehensive (loss)
income before reclassifications (36,808) (424) 29,450 (190,033)(197,815)
Reclassifications:
Realized (gains) losses - foreign
currency contracts(a) — — (13,635) — (13,635)
Realized (gains) losses -
commodities contracts(a) — — (228) — (228)
Prior service credits(c) ———(2,734)(2,734)
Actuarial losses(c) — — — 41,292 41,292
Total before tax — — (13,863) 38,558 24,695
Income tax expense (benefit) — — 5,135 (14,282)(9,147)
Net reclassifications — — (8,728) 24,276 15,548
Other comprehensive (loss) income (36,808) (424) 20,722 (165,757)(182,267)
Balance, end of period $ (3,482) $ (700) $ 19,042 $ (529,803) $ (514,943)
2013
Foreign currency
translation
adjustments Marketable
securities
Derivative
financial
instruments
Pension and
postretirement
benefit plans Total
Balance, beginning of period $ 51,335 $ 677 $ (3,837) $ (655,853) $ (607,678)
Other comprehensive income (loss)
before reclassifications (20,192) (1,514) 3,505 398,430 380,229
Income tax 2,183 561 (1,298)(147,578)(146,132)
Net other comprehensive (loss)
income before reclassifications (18,009) (953) 2,207 250,852 234,097
Reclassifications:
Realized (gains) losses - foreign
currency contracts(a) — — (482) — (482)
Realized (gains) losses -
commodities contracts(a) ——51—51
Realized (gains) losses - interest
rate swaps(d) — — 345 — 345
Prior service credits(c) ———(2,107)(2,107)
Actuarial losses(c) — — — 67,157 67,157
Total before tax — — (86) 65,050 64,964
Income tax expense (benefit) — — 36 (24,095)(24,059)
Net reclassifications — — (50) 40,955 40,905
Other comprehensive (loss) income (18,009) (953) 2,157 291,807 275,002
Balance, end of period $ 33,326 $ (276) $ (1,680) $ (364,046) $ (332,676)
(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 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.
(d) Amounts reclassified to net income are presented in financial services interest expense.