IBM 2012 Annual Report Download - page 109

Download and view the complete annual report

Please find page 109 of the 2012 IBM annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 146

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146

108 Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
108
($ in millions)
For the year ended December 31, 2011:
Before Tax
Amount
Tax (Expense)/
Benefit
Net of Tax
Amount
Other comprehensive income/(loss)
Foreign currency translation adjustments $ (693) $ (18) $ (711)
Net changes related to available-for-sale securities
Unrealized gains/(losses) arising during the period $ (14) $ 5 $ (9)
Reclassification of (gains)/losses to other (income) and expense (231)88 (143)
Subsequent changes in previously impaired securities arising during the period 4 (1) 3
Total net changes related to available-for-sale securities $ (241) $ 91 $ (150)
Unrealized gains/(losses) on cash flow hedges
Unrealized gains/(losses) arising during the period $ (266) $ 105 $ (162)
Reclassification of (gains)/losses to:
Cost of sales 182 (61) 121
SG&A expense 75 (23) 52
Other (income) and expense 247 (3) 244
Interest expense 8 (95) (88)
Total unrealized gains/(losses) on cash flow hedges $ 245 $ (77) $ 167
Retirement-related benefit plans(1)
Prior service costs/(credits) $ (28) $ 7 $ (22)
Net (losses)/gains arising during the period (5,463) 1,897 (3,566)
Curtailments and settlements 11 (3) 7
Amortization of prior service (credits)/cost (157) 62 (94)
Amortization of net gains/(losses) 1,847 (619) 1,227
Total retirement-related benefit plans $(3,790) $1,343 $(2,448)
Other comprehensive income/(loss) $(4,479) $1,339 $(3,142)
(1) These AOCI components are included in the computation of net periodic pension cost. (See note S, “Retirement-Related Benefits,” on pages 120 to 134 for additional information.)