Sears 2012 Annual Report Download - page 90

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
90
Accumulated Other Comprehensive Loss
The following table displays the components of accumulated other comprehensive loss:
millions February 2,
2013 January 28,
2012 January 29,
2011
Pension and postretirement adjustments (net of tax of $(443), $(492)
and $(480), respectively) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(1,408) $ (1,575) $ (783)
Cumulative unrealized derivative gain (loss) (net of tax of $0, $0
and $0, respectively). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —(5) 1
Currency translation adjustments (net of tax of $(39), $(26) and
$(7), respectively). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (51)(29) 3
Accumulated other comprehensive loss. . . . . . . . . . . . . . . . . . . . . . . . $(1,459) $ (1,609) $ (779)
Pension and postretirement adjustments relate to the net actuarial loss on our pension and postretirement plans
recognized as a component of accumulated other comprehensive loss.
Accumulated other comprehensive loss attributable to noncontrolling interests at February 2, 2013, January 28,
2012, and January 29, 2011 was $(64) million, $(9) million and $(4) million, respectively.
Income Tax Expense Allocated to Each Component of Other Comprehensive Income (Loss)
Income tax expense allocated to each component of other comprehensive income (loss) was as follows:
2012
millions
Before
Tax
Amount Tax
Expense
Net of
Tax
Amount
Other comprehensive income
Pension and postretirement adjustments
Experience gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(564) $ 1 $ (563)
Less: cost of settlements . . . . . . . . . . . . . . . . . . . . . . . . . . 454 — 454
Less: amortization of prior service cost included in net
period pension cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 189 (6) 183
Pension and postretirement adjustments, net of tax . . . . . . . . 79 (5) 74
Deferred gain on derivatives. . . . . . . . . . . . . . . . . . . . . . . . . . 5 — 5
Currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . (8) 13 5
Total other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . $ 76 $ 8 $ 84