PG&E 2013 Annual Report Download - page 68

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The changes, net of income tax, in PG&E Corporation’s accumulated other comprehensive income for the year
ended December 31, 2013 consisted of the following:
Pension Other Other
Benefits Benefits Investments Total
(in millions)
Beginning balance ............................ $ (28) $ (77) $ 4 $ (101)
Other comprehensive income before reclassifications:
Unrecognized net actuarial loss (net of taxes of $804,
$35, and $0, respectively) ................... 1,169 45 — 1,214
Transfer to regulatory account (net of taxes of $790,
$22, and $0, respectively) ................... (1,150) 31 — (1,119)
Gain on investments (net of taxes of $0, $0, and $26,
respectively) .............................——3838
Amounts reclassified from other comprehensive
income:(1)
Amortization of prior service cost (net of taxes of $8,
$10, and $0, respectively) ................... 12 13 — 25
Amortization of net actuarial loss (net of taxes of
$45, $3, and $0, respectively) ................. 66 3 — 69
Transfer to regulatory account (net of taxes of $54,
$0, and $0, respectively) .................... (76) — — (76)
Net current period other comprehensive income ...... 21 92 38 151
Ending balance .............................. $ (7) $ 15 $ 42 $ 50
(1) These components are included in the computation of net periodic pension and other postretirement benefit costs. (See Note 11 below for
additional details.)
With the exception of other investments, there was no material difference between PG&E Corporation and the
Utility for the information disclosed above.
Disclosures about Offsetting Assets and Liabilities
In January 2013, the Financial Accounting Standards Board issued an ASU that clarifies the scope of disclosures
about offsetting assets and liabilities. The guidance requires an entity to disclose gross and net information about
derivatives that are offset in the balance sheet or subject to an enforceable master-netting arrangement or similar
agreement. The ASU became effective for PG&E Corporation and the Utility on January 1, 2013. (See Note 9
below.)
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