Sears 2013 Annual Report Download - page 97

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
97
Income Tax Expense Allocated to Each Component of Other Comprehensive Income
Income tax expense allocated to each component of other comprehensive income was as follows:
2013
millions
Before
Tax
Amount Tax
Expense
Net of
Tax
Amount
Other comprehensive income
Pension and postretirement adjustments
Experience gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 362 $ (126) $ 236
Less: amortization of prior service cost included in net period pension
cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 193 (7) 186
Pension and postretirement adjustments, net of tax . . . . . . . . . . . . . . . . . . . . . 555 (133) 422
Deferred gain on derivatives. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 — 2
Currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (70)(1)(71)
Total other comprehensive income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 487 $ (134) $ 353
2012
millions
Before
Tax
Amount
Tax
(Expense)
Benefit
Net of
Tax
Amount
Other comprehensive income
Pension and postretirement adjustments
Experience 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
2011
millions
Before
Tax
Amount
Tax
(Expense)
Benefit
Net of
Tax
Amount
Other comprehensive loss
Pension and postretirement adjustments
Experience loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(872) $ 14 $ (858)
Less: amortization of prior service cost included in net period pension
cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72 (3) 69
Pension and postretirement adjustments, net of tax . . . . . . . . . . . . . . . . . . . . . (800) 11 (789)
Deferred loss on derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) — (6)
Currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (57) 19 (38)
Total other comprehensive loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(863) $ 30 $ (833)