Morgan Stanley 2015 Annual Report Download - page 226

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(5) The preferred stock is redeemable at the Company’s option (i) in whole or in part, from time to time, on any dividend payment date on or after the redemption
date or (ii) in whole but not in part at any time within 90 days following a regulatory capital treatment event (as described in the terms of that series).
(6) Dividend on Series H preferred stock is payable semiannually until July 15, 2019 and quarterly thereafter.
(7) Dividend on Series J preferred stock is payable semiannually until July 15, 2020 and quarterly thereafter. In addition to the redemption price per share, the
redemption price includes any declared and unpaid dividends up to, but excluding, the date fixed for redemption, without accumulation of any undeclared
dividends.
Accumulated Other Comprehensive Income (Loss).
Changes in AOCI by Component, Net of Noncontrolling Interests.
Foreign
Currency
Translation
Adjustments
Change in
Net Unrealized
Gains (Losses) on
AFS Securities
Pensions,
Postretirement
and Other Total
(dollars in millions)
Balance at December 31, 2014................................. $ (663) $ (73) $ (512) $(1,248)
Other comprehensive income (loss) before reclassifications ........ (300) (193) 132 (361)
Amounts reclassified from AOCI ............................ — (53) 6 (47)
Net other comprehensive income (loss) during the period ........... (300) (246) 138 (408)
Balance at December 31, 2015................................. $ (963) $ (319) $ (374) $(1,656)
Foreign
Currency
Translation
Adjustments
Change in
Net Unrealized
Gains (Losses) on
AFS Securities
Pensions,
Postretirement
and Other Total
(dollars in millions)
Balance at December 31, 2013................................. $ (266) $ (282) $ (545) $(1,093)
Other comprehensive income (loss) before reclassifications ........ (397) 233 24 (140)
Amounts reclassified from AOCI ............................ — (24) 9 (15)
Net other comprehensive income (loss) during the period ........... (397) 209 33 (155)
Balance at December 31, 2014................................. $ (663) $ (73) $ (512) $(1,248)
Foreign
Currency
Translation
Adjustments
Change in
Net Unrealized
Gains (Losses) on
AFS Securities
Pensions,
Postretirement
and Other Total
(dollars in millions)
Balance at December 31, 2012................................. $ (123) $ 151 $ (544) $ (516)
Other comprehensive income (loss) before reclassifications ........ (143) (406) (16) (565)
Amounts reclassified from AOCI ............................ — (27) 15 (12)
Net other comprehensive income (loss) during the period ........... (143) (433) (1) (577)
Balance at December 31, 2013................................. $ (266) $ (282) $ (545) $(1,093)
The Company had no significant reclassifications out of AOCI for 2015, 2014 and 2013.
Cumulative Foreign Currency Translation Adjustments. Cumulative foreign currency translation adjustments include gains
or losses resulting from translating foreign currency financial statements from their respective functional currencies to U.S.
dollars, net of hedge gains or losses and related tax effects. The Company uses foreign currency contracts to manage the
currency exposure relating to its net investments in non-U.S. dollar functional currency subsidiaries. Increases or decreases in
the value of net foreign investments generally are tax deferred for U.S. purposes, but the related hedge gains and losses are
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