PNC Bank 2002 Annual Report Download - page 104

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102
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
2002
Unrealized securities gains $349 $(121) $228
Less: Reclassification
adjustment for losses
realized in net income (57) 20 (37)
Net unrealized securities
gains 406 (141) 265
Unrealized gains on cash
flow hedge derivatives 136 (48) 88
Less: Reclassification
adjustment for gains
realized in net income 79 (28) 51
Net unrealized gains on
cash flow hedge
derivatives 57 (20) 37
Minimum pension liability
adjustment (3) 1 (2)
Other 24 (8) 16
Other comprehensive income
from continuing operations $484 $(168) $316
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
The accumulated balances related to each component of other
comprehensive income (loss) are as follows:
December 31 – in millions 200
2
2001
Net unrealized securities gains (losses) $179 $(86)
Net unrealized gains on cash flow hedge
derivatives 135 98
Minimum pension liability adjustment (14) (12)
Other 21 5
Accumulated other comprehensive income
from continuing operations $321 $5