Kimberly-Clark 2015 Annual Report Download - page 55

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ThechangesinthecomponentsofAOCIattributabletoKimberly-Clark,includingthetaxeffect,areasfollows:
Year Ended December 31
2015
2014
2013
Unrealized translation $ (882)
$ (826)
$ (495)
Taxeffect (23)
7
(4)
(905)
(819)
(499)
Defined benefit pension plans
Unrecognizednetactuariallossandtransitionamount
Fundedstatusrecognition (4)
(624)
356
Amortizationincludedinnetperiodicbenefitcost 75
100
120
2015U.S.plansettlements(recordedinOther(income)andexpense,net) 1,355
—
—
Currencyandother 42
69
(8)
1,468
(455)
468
Unrecognizedpriorservicecost/credit
Fundedstatusrecognition 4
42
—
Amortizationincludedinnetperiodicbenefitcost (12)
(7)
(31)
Currencyandother (2)
(3)
(1)
(10)
32
(32)
Taxeffect (547)
167
(176)
911
(256)
260
Other postretirement benefit plans
Unrecognizednetactuariallossandtransitionamount 59
(36)
65
Unrecognizedpriorservicecost/credit (4)
—
(3)
Taxeffect (21)
14
(24)
34
(22)
38
Cash flow hedges and other
Recognitionofeffectiveportionofhedges 66
18
37
Amortizationincludedinnetincome (53)
(5)
(10)
Currencyandother (7)
2
4
Taxeffect (1)
3
(13)
5
18
18
Shares purchased from noncontrolling interests and other (11)
—
—
Spin-off of health care business —
9
—
Change in AOCI $ 34
$ (1,070)
$ (183)
AmountsarereclassifiedfromAOCIintocostofproductssold,marketing,researchandgeneralexpenses,interestexpenseorother(income)andexpense,net,as
applicable,intheConsolidatedIncomeStatement.
Netunrealizedcurrencygainsorlossesresultingfromthetranslationofassetsandliabilitiesofforeignsubsidiaries,exceptthoseinhighlyinflationaryeconomies,
arerecordedinAOCI.Fortheseoperations,changesinexchangeratesgenerallydonotaffectcashflows;therefore,unrealizedtranslationadjustmentsarerecorded
in AOCI rather than net income. Upon sale or substantially complete liquidation of any of these subsidiaries, the applicable unrealized translation adjustment
wouldberemovedfromAOCIandreportedaspartofthegainorlossonthesaleorliquidation.Thechangeinunrealizedtranslationin2015isprimarilyduetothe
strengtheningoftheU.S.dollarversustheBrazilianreal,Australiandollar,euro,CanadiandollarandColombianpesoaswellasmostotherforeigncurrencies.
Alsoincludedinunrealizedtranslationamountsaretheeffectsofforeignexchangeratechangesonintercompanybalancesofalong-terminvestmentnatureand
transactionsdesignatedashedgesofnetforeigninvestments.
51 KIMBERLY-CLARKCORPORATION - 2015 Annual Report