IBM 2012 Annual Report Download - page 110

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Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
109
($ in millions)
For the year ended December 31, 2010:
Before Tax
Amount
Tax (Expense)/
Benefit
Net of Tax
Amount
Other comprehensive income/(loss)
Foreign currency translation adjustments $ 712 $ (69) $ 643
Net changes related to available-for-sale securities
Unrealized gains/(losses) arising during the period $ 70 $ (24) $ 46
Reclassification of (gains)/losses to other (income) and expense 0(0) (0)
Subsequent changes in previously impaired securities arising during the period 8 (3) 5
Total net changes related to available-for-sale securities $ 78 $ (27) $ 51
Unrealized gains/(losses) on cash flow hedges
Unrealized gains/(losses) arising during the period $ 371 $ (120) $ 251
Reclassification of (gains)/losses to:
Cost of sales 92 (32) 60
SG&A expense 49 (17) 33
Other (income) and expense 54 (17) 37
Interest expense 8 (3) 5
Total unrealized gains/(losses) on cash flow hedges $ 573 $ (188) $ 385
Retirement-related benefit plans(1)
Prior service costs/(credits) $ 28 $ (8) $ 20
Net (losses)/gains arising during the period (2,728) 1,016 (1,712)
Curtailments and settlements 10 (3) 7
Amortization of prior service (credits)/cost (183) 67 (116)
Amortization of net gains/(losses) 1,249 (441) 808
Total retirement-related benefit plans $(1,624) $ 632 $ (992)
Other comprehensive income/(loss) $ (260) $ 348 $ 87
(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.)