Intel 2014 Annual Report Download - page 105

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INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 24: Other Comprehensive Income (Loss)
The components of other comprehensive income (loss) and related tax effects for each period were as follows:
2014 2013 2012
(In Millions)
Before
Tax Tax
Net of
Tax
Before
Tax Tax
Net of
Tax
Before
Tax Tax
Net of
Tax
Change in unrealized holding gains
(losses) on available-for-sale
investments .................. $ 1,029 $ (359) $ 670 $ 1,963 $ (687) $ 1,276 $ 909 $ (318) $ 591
Less: adjustment for (gains) losses on
available-for-sale investments
included in net income .......... (142) 49 (93) (146) 51 (95) (187) 66 (121)
Less: adjustment for (gains) losses on
deferred tax asset valuation
allowance included in net
income ..................... — (41) (41) — (26) (26) — (11) (11)
Change in unrealized holding gains
(losses) on derivatives .......... (589) 160 (429) (166) 76 (90) 12 8 20
Less: adjustment for (gains) losses on
derivatives included in net
income ..................... 13 (11) 2 30 (29) 1 78 (13) 65
Change in net prior service costs .... (42) 5 (37) 17 (2) 15 (4) 1 (3)
Less: adjustment for amortization of
net prior service costs .......... 6 (2) 4 4 (1) 3 5 (2) 3
Change in actuarial valuation ....... (433) 3 (430) 725 (275) 450 (321) 91 (230)
Less: adjustment for amortization of
actuarial (gains) losses ......... 37 (9) 28 101 (31) 70 90 (32) 58
Change in net foreign currency
translation adjustment .......... (275) 24 (251) 45 (7) 38 12 (2) 10
Other comprehensive income
(loss) ...................... $ (396) $ (181) $ (577) $ 2,573 $ (931) $ 1,642 $ 594 $ (212) $ 382
In prior periods, we recorded a 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, and is included in the preceding table as an adjustment for (gains) losses on deferred tax
asset valuation allowance included in net income.
The change in actuarial valuation in 2014 in the preceding table includes $1.4 billion in actuarial losses arising during the year
offset by a $1.0 billion reduction in losses due to a freeze of future benefit accruals in the U.S. Intel Minimum Pension Plan. For
further information, see “Note 16: Retirement Benefit Plans.”
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