IBM 2015 Annual Report Download - page 119

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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, 2013:
Before Tax
Amount
Tax (E x pense)/
Benefi t
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)
Reclassifi cation 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 fl ow hedges
Unrealized gains/(losses) arising during the period $ 43 $ (15) $ 28
Reclassifi cation 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 fl ow hedges $ (123) $ 47 $ (76)
Retirement-related benefi t 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)/costs (114) 40 (75)
Amortization of net (gains)/losses 3,499 (1,195) 2,304
Total retirement-related benefi t 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 noteS, “Retirement-Related Benefits,” for additional information.)
Accumulated Other Comprehensive Income/(Loss) (net of tax)
($ inmillions)
Net Unrealized
Gains/(Losses)
on Cash Flow
Hedges
Foreign
Currency
Transl ation
Adjustments*
Net Change
Retirement-
Related
Benefi t
Plans
Net Unrealized
Gains/(Losses)
on Available-
For-Sale
Securities
Accumulated
Other
Comprehensive
Income/(Loss)
December 31, 2012 $ (90) $ 1,733 $(27,406) $ 4 $(25,759)
Other comprehensive income before reclassifi cations 28 (1,401) 3,409 0 2,036
Amount reclassifi ed from accumulated other comprehensive income (103) 0 2,229 (5) 2,121
Total change for the period (76) (1,401) 5,639 (5) 4,157
December 31, 2013 (165) 332 (21,767) (1) (21,602)
Other comprehensive income before reclassifi cations 618 (2,074) (6,348) (18) (7,822)
Amount reclassifi ed from accumulated other comprehensive income (60) 0 1,605 3 1,548
Total change for the period 557 (2,074) (4,742) (15) (6,274)
December 31, 2014 392 (1,742) (26,509) (15) (27,875)
Other comprehensive income before reclassifi cations 399 (1,721) (1,897) (33) (3,252)
Amount reclassifi ed from accumulated other comprehensive income (691) 0 2,158 53 1,520
Total change for the period (292) (1,721) 262 20 (1,731)
December 31, 2015 $ 100 $(3,463) $(26,248) $ 5 $(29,607)
* Foreign currency translation adjustments are presented gross except for any associated hedges which are presented net of tax.