Kraft 2012 Annual Report Download - page 79

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Note 14. Accumulated Other Comprehensive Earnings / (Losses)
Total accumulated other comprehensive earnings / (losses) consists of net earnings / (losses) and other changes in
business equity from transactions and other events from sources other than shareholders. It includes foreign currency
translation gains and losses, defined postemployment benefit plan adjustments, and unrealized gains and losses from
derivative instruments designated as cash flow hedges. The components of and changes in accumulated other
comprehensive earnings / (losses) were as follows:
Foreign
Currency
Adjustments
Postemployment
Benefit Plan
Adjustments
Derivative
Hedging
Gains / (Losses)
Accumulated
Other
Comprehensive
Earnings /
(Losses)
(in millions)
Balances at January 1, 2010 $ (100) $ - $ (3) $ (103)
Foreign currency adjustments 93 - - 93
Unrealized gain / (loss) in fair value - - 35 35
Balances at December 31, 2010 $ (7) $ - $ 32 $ 25
Foreign currency adjustments (100) - - (100)
Unrealized gain / (loss) in fair value - - (4) (4)
Transfer of realized (gains) / losses in fair value to
earnings - - (46) (46)
Balances at December 31, 2011 $ (107) $ - $ (18) $ (125)
Foreign currency adjustments 36 - - 36
Unrealized gain / (loss) in fair value - - (199) (199)
Transfer of realized (gains) / losses in fair value to
earnings - - 69 69
Net transfers to / from Mondele¯z International - - (4) (4)
Amortization of prior service costs / (credits) - (4) - (4)
Consummation of spin-off transaction on October 1, 2012 (288) 55 - (233)
Balances at December 29, 2012 $ (359) $ 51 $ (152) $ (460)
77