IBM 2014 Annual Report Download - page 120
Download and view the complete annual report
Please find page 120 of the 2014 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.-
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
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
 |
 |
Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
119
Reclassifications and Taxes Related to Items of Other Comprehensive Income
($ in millions)
For the year ended December 31, 2014:
Before Tax
Amount
Tax (Ex pense)/
Benefit
Net of Tax
Amount
Other comprehensive income/(loss)
Foreign currency translation adjustments $(1,636) $ (438) $(2,074)
Net changes related to available-for-sale securities
Unrealized gains/(losses) arising during the period $ (29) $ 11 $ (18)
Reclassification of (gains)/losses to other (income) and expense 5 (2) 3
Subsequent changes in previously impaired securities arising during the period 000
Total net changes related to available-for-sale securities $ (24) $ 9 $ (15)
Unrealized gains/(losses) on cash flow hedges
Unrealized gains/(losses) arising during the period $ 958 $ (341) $ 618
Reclassification of (gains)/losses to:
Cost of sales 15 (7) 9
SG&A expense (15) 6 (9)
Other (income) and expense (98) 38 (60)
Interest expense 1 0 0
Total unrealized gains/(losses) on cash flow hedges $ 861 $ (304) $ 557
Retirement-related benefit plans
(1)
Prior service costs/(credits) $ 1 $ 0 $ 1
Net (losses)/gains arising during the period (9,799) 3,433 (6,366)
Curtailments and settlements 24 (7) 17
Amortization of prior service (credits)/cost (114) 41 (73)
Amortization of net (gains)/losses 2,531 (852) 1,678
Total retirement-related benefit plans $(7,357) $2,615 $(4,742)
Other comprehensive income/(loss) $(8,156) $1,883 $(6,274)
(1) These AOCI components are included in the computation of net periodic pension cost. (See noteS, “Retirement-Related Benefits,” on pages 131 to 145 for additional information.)
Other Stock Transactions
The company issued the following shares of common stock as part
of its stock-based compensation plans and employees stock pur-
chase plan: 7,687,026 shares in 2014, 9,961,389 shares in 2013, and
15,091,320 shares in 2012. The company issued 1,264,232 treasury
shares in 2014, 1,849,883 treasury shares in 2013 and 2,746,169
treasury shares in 2012, as a result of restricted stock unit releases
and exercises of stock options by employees of certain acquired
businesses and by non-U.S. employees. Also, as part of the
company’s stock-based compensation plans, 1,313,569 common
shares at a cost of $236 million, 1,666,069 common shares at a
cost of $336 million and 2,406,007 common shares at a cost of
$468 million in 2014, 2013 and 2012, respectively, were remitted by
employees in order to satisfy minimum statutory tax withholding
requirements. These amounts are included in the treasury stock
balance in the Consolidated Statement of Financial Position and
the Consolidated Statement of Changes in Equity.