IBM 2015 Annual Report Download - page 118
Download and view the complete annual report
Please find page 118 of the 2015 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
 |
 |
Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
116
($ inmillions)
For the year ended December 31, 2014:
Before Tax
Amount
Tax (E x pense)/
Benefi t
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)
Reclassifi cation of (gains)/losses to other (income) and expense 5 (2) 3
Total net changes related to available-for-sale securities $ (24) $ 9 $ (15)
Unrealized gains/(losses) on cash fl ow hedges
Unrealized gains/(losses) arising during the period $ 958 $ (341) $ 618
Reclassifi cation 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 100
Total unrealized gains/(losses) on cash fl ow hedges $ 861 $ (304) $ 557
Retirement-related benefi t 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)/costs (114) 41 (73)
Amortization of net (gains)/losses 2,531 (852) 1,678
Total retirement-related benefi t 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,” for additional information.)