National Oilwell Varco 2015 Annual Report Download - page 93
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Table of Contents
Level 3 inputs are unobservable (i.e., supported by little or no market activity). Level 3 inputs include management’s own judgement about the assumptions
that market participants would use in pricing the asset or liability (including assumptions about risk). The following table sets forth a summary of changes in
the fair value of the Plan’s Level 3 assets (in millions):
Balance at December 31, 2013 $ 107
Actual return on plan assets still held at reporting date 14
Purchases, sales and settlements 5
Currency translation adjustments (18)
Balance at December 31, 2014 $ 108
Actual return on plan assets still held at reporting date 3
Purchases, sales and settlements 2
Currency translation adjustments (14)
Balance at December 31, 2015 $ 99
The components of accumulated other comprehensive income (loss) are as follows (in millions):
Balance at December 31, 2012 $ 132 $ 42 $ (67) $ 107
Accumulated other comprehensive income (loss) before reclassifications (90) (29) 48 (71)
Amounts reclassified from accumulated other comprehensive income (loss) (25) (8) (7) (40)
Balance at December 31, 2013 $ 17 $ 5 $ (26) $ (4)
Accumulated other comprehensive income (loss) before reclassifications (543) (245) (59) (847)
Amounts reclassified from accumulated other comprehensive income (loss) 11 12 (6) 17
Balance at December 31, 2014 $ (515) $ (228) $ (91) $ (834)
Accumulated other comprehensive income (loss) before reclassifications (764) (176) 26 (914)
Amounts reclassified from accumulated other comprehensive income (loss) — 199 (4) 195
Balance at December 31, 2015 $ (1,279) $ (205) $ (69) $(1,553)
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