IBM 2014 Annual Report Download - page 121
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Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
120
($ in millions)
For the year ended December 31, 2013:
Before Tax
Amount
Tax (Ex pense)/
Benefit
Net of Tax
Amount
Other comprehensive income/(loss)
Foreign currency translation adjustments $(1,335) $ (66) $(1,401)
Net changes related to available-for-sale securities
Unrealized gains/(losses) arising during the period $ (4) $ 2 $ (3)
Reclassification of (gains)/losses to other (income) and expense (8) 2 (5)
Subsequent changes in previously impaired securities arising during the period 4 (1) 3
Total net changes related to available-for-sale securities $ (8) $ 3 $ (5)
Unrealized gains/(losses) on cash flow hedges
Unrealized gains/(losses) arising during the period $ 43 $ (15) $ 28
Reclassification of (gains)/losses to:
Cost of sales 34 (14) 21
SG&A expense (39) 14 (25)
Other (income) and expense (162) 62 (99)
Interest expense 000
Total unrealized gains/(losses) on cash flow hedges $ (123) $ 47 $ (76)
Retirement-related benefit plans
(1)
Prior service costs/(credits) $ 16 $ 0 $ 16
Net (losses)/gains arising during the period 5,369 (1,974) 3,395
Curtailments and settlements (3) 1 (2)
Amortization of prior service (credits)/cost (114) 40 (75)
Amortization of net (gains)/losses 3,499 (1,195) 2,304
Total retirement-related benefit plans $ 8,767 $(3,128) $ 5,639
Other comprehensive income/(loss) $ 7,301 $(3,144) $ 4,157
(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.)