National Oilwell Varco 2010 Annual Report Download - page 87
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The following table sets forth a summary of changes in the fair value of the Plans Level 3 assets (in millions):
Level 3
Plan
Assets
Balance at January 1, 2009 $ 24
Actual return on plan assets still held at reporting date 2
Purchases, sales and settlements 1
Currency impact 5
Balance at December 31, 2009 $ 32
Actual return on plan assets still held at reporting date 1
Currency impact (1)
Balance at December 31, 2010 $ 32
11. Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) are as follows (in millions):
Cumulative
Defined Currency Derivative
Benefit Translation Financial
Plans Adjustment Instruments Total
Balance at December 31, 2007 $ (20) $ 196 $ 19 $ 195
Current period activity (30) (265) (241) (536)
Tax effect 10 89 81 180
Balance at December 31, 2008 $ (40) $ 20 $ (141) $ (161)
Current period activity (14) 150 223 359
Tax effect 5 (50) (63) (108)
Balance at December 31, 2009 $ (49) $ 120 $ 19 $ 90
Current period activity 1 19 (17) 3
Tax effect (6) 4 (2)
Balance at December 31, 2010 $ (48) $ 133 $ 6 $ 91
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