IBM 2013 Annual Report Download - page 118

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Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
117
($ in millions)
For the year ended December 31, 2012:
Before Tax
Amount
Tax (Expense)/
Benefit
Net of Tax
Amount
Other comprehensive income/(loss)
Foreign currency translation adjustments $ (44) $ 10 $ (34)
Net changes related to available-for-sale securities
Unrealized gains/(losses) arising during the period $ 8 $ (4) $ 4
Reclassification of (gains)/losses to other (income) and expense (42)17 (25)
Subsequent changes in previously impaired securities arising during the period 20 (8) 12
Total net changes related to available-for-sale securities $ (14) $ 5 $ (9)
Unrealized gains/(losses) on cash flow hedges
Unrealized gains/(losses) arising during the period $ 32 $ (27) $ 5
Reclassification of (gains)/losses to:
Cost of sales (7) (6) (13)
SG&A expense (16) 4 (12)
Other (income) and expense (237) 91 (146)
Interest expense 6 (3) 3
Total unrealized gains/(losses) on cash flow hedges $ (220) $ 59 $ (161)
Retirement-related benefit plans(1)
Net (losses)/gains arising during the period $(7,489) $2,327 $(5,162)
Curtailments and settlements (2) 0 (2)
Amortization of prior service (credits)/cost (148) 59 (89)
Amortization of net (gains)/losses 2,457 (874) 1,583
Total retirement-related benefit plans $(5,182) $1,513 $(3,669)
Other comprehensive income/(loss) $(5,460) $1,587 $(3,874)
(1) These AOCI components are included in the computation of net periodic pension cost. (See note S, “Retirement-Related Benefits,” on pages 127 to 141 for additional information.)