PNC Bank 2001 Annual Report Download - page 92

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90
NOTE 27 COMPREHENSIVE INCOME
The Corporation’s other comprehensive income primarily
consists of unrealized gains or losses on securities available
for sale and cash flow hedge derivatives and minimum
pension liability adjustments. The income effects allocated
to each component of other comprehensive income (loss)
are as follows:
Year ended December 31
In millions
Pretax
Amount
Tax
Benefit
(Expense)
After-tax
Amount
2001
Unrealized securities losses $(86) $30 $(56)
Less: Reclassification
adjustment for losses
realized in net income (8) 3 (5)
Net unrealized securities
losses (78) 27 (51)
SFAS No. 133 transition
adjustment (6) 2 (4)
Unrealized gains on cash
flow hedge derivatives 102 (36) 66
Less: Reclassification
adjustment for losses
realized in net income (55) 19 (36)
Net unrealized gains on
cash flow hedge
derivatives 151 (53) 98
Minimum pension liability
adjustment (2) 1 (1)
Other 3(1)2
Other comprehensive
income from
continuing operations $74 $(26) $48
2000
Unrealized securities gains $124 $(40) $84
Less: Reclassification
adjustment for losses
realized in net income (3) 1 (2)
Net unrealized securities
gains 127 (41) 86
Minimum pension liability
adjustment 2 (1) 1
Other 3 (1) 2
Other comprehensive
income from continuing
operations $132 $(43) $89
1999
Unrealized securities losses $(186) $64 $(122)
Less: Reclassification
adjustment for losses
realized in net income (28) 10 (18)
Net unrealized securities
losses (158) 54 (104)
Minimum pension liability
adjustment (8) 3 (5)
Other 2 (1) 1
Other comprehensive
loss from continuing
operations $(164) $56 $(108)
The accumulated balances related to each component of
other comprehensive income (loss) are as follows:
December 31 – in millions 2001 2000
Net unrealized securities losses $(86) $(35)
Net unrealized gains on cash flow hedge
derivatives 98
Minimum pension liability adjustment (12) (11)
Other 53
Accumulated other comprehensive
income (loss) from continuing
operations $5 $(43)