Sears 2015 Annual Report Download - page 87

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€Accumulated Other Comprehensive Loss
The following table displays the components of accumulated other comprehensive loss:
millions
January 30,
2016
January 31,
2015
February 1,
2014
Pension and postretirement adjustments (net of tax of $(296), $(296)and
$(328), respectively) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(1,915) $ (2,028) $ (1,036)
Cumulative unrealized derivative gain (net of tax of $0). . . . . . . . . . . . . . — — 2
Currency translation adjustments (net of tax of $0, $0 and $(38),
respectively) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3)(2)(83)
Accumulated other comprehensive loss. . . . . . . . . . . . . . . . . . . . . . . . . . . $(1,918) $ (2,030) $ (1,117)
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€1, 2014 was $53
million.
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:
2015
millions
Before
Tax
Amount
Tax
Expense
Net of
Tax
Amount
Other comprehensive income
Pension and postretirement adjustments
Experience loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(148) $ —$(148)
Less: recognized net loss and other included in net periodic benefit cost(1) . . 261 — 261
Pension and postretirement adjustments, net of tax . . . . . . . . . . . . . . . . . . . . . . . 113 — 113
Currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1)— (1)
Total other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $112 $—$112
2014
millions
Before
Tax
Amount
Tax
Expense
Net of
Tax
Amount
Other comprehensive loss
Pension and postretirement adjustments
Experience loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(1,163) $ —$(1,163)
Less: recognized net loss and other included in net periodic benefit cost(1) . . 126 (3)123
Pension and postretirement adjustments, net of tax . . . . . . . . . . . . . . . . . . . . . . . (1,037)(3)(1,040)
Deferred loss on derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2)— (2)
Currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 (1)3
Sears Canada de-consolidation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (186)— (186)
Total other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(1,221) $ (4) $(1,225)
SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
87