Intel 2012 Annual Report Download - page 93
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87
The components of other comprehensive income (loss) and related tax effects were as follows:
2012
2011
2010
(In Millions)
Before
Tax
Tax
Net of
Tax
Before
Tax
Tax
Net of
Tax
Before
Tax
Tax
Net of
Tax
Change in unrealized holding
gain (loss) on
investments ................................
$ 909
$ (318)
$ 591
$ 35
$ (13)
$ 22
$ 311
$ (111)
$ 200
Less: adjustment for (gain)
loss on investments
included in net income ................
(187)
66
(121)
(299)
107
(192)
(94)
34
(60)
Change in deferred tax asset
valuation allowance.....................
—
—
—
—
—
—
—
72
72
Less: adjustment for (gain)
loss on deferred tax asset
valuation allowance
included in net income ................
—
(11)
(11)
—
(99)
(99)
—
(15)
(15)
Change in unrealized holding
gain (loss) on derivatives ............
12
8
20
20
(16)
4
73
(23)
50
Less: adjustment for
amortization of (gain) loss
on derivatives ..............................
78
(13)
65
(161)
38
(123)
(80)
17
(63)
Change in prior service
costs............................................
(4)
1
(3)
—
—
—
(67)
24
(43)
Less: adjustment for
amortization of prior
service costs ...............................
5
(2)
3
7
(3)
4
7
(3)
4
Change in actuarial loss ..................
(321)
91
(230)
(900)
284
(616)
(300)
81
(219)
Less: adjustment for
amortization of actuarial
loss..............................................
90
(32)
58
43
(15)
28
22
(8)
14
Change in net foreign
currency translation
adjustment................................
12
(2)
10
(155)
13
(142)
—
—
—
Total other comprehensive
income (loss) .............................
$ 594
$ (212)
$ 382
$ (1,410)
$ 296
$ (1,114)
$ (128)
$ 68
$ (60)
The change in deferred tax asset valuation allowance in the preceding table is related to the reversal of a portion of our
deferred tax asset valuation allowance attributed to changes in unrealized holding gains on our available-for-sale
investments. This amount is reduced and included in our provision for taxes as these investments mature or are sold.
The components of accumulated other comprehensive income (loss), net of tax, at the end of each period, as well as the
activity, were as follows:
(In Millions)
2011
Other
Comprehensive
Income
2012
Accumulated net unrealized holding gain (loss) on available-for-sale
investments .............................................................................................................
$ 231
$ 470
$ 701
Accumulated net deferred tax asset valuation allowance............................................
104
(11)
93
Accumulated net unrealized holding gain (loss) on derivatives................................
8
85
93
Accumulated net prior service costs............................................................................
(32)
—
(32)
Accumulated net actuarial losses................................................................................
(950)
(172)
(1,122)
Accumulated net foreign currency translation adjustment...........................................
(142)
10
(132)
Total accumulated other comprehensive income (loss) ................................
$ (781)
$ 382
$ (399)