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APPENDIX C
C-36 STAPLES Form 10-K
STAPLES, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (continued)
NOTE M — ACCUMULATED OTHER COMPREHENSIVE
LOSS
The following table details the changes in accumulated other comprehensive loss for 2014, 2013 and 2012 (in thousands):
Foreign Currency
Translation Adjustment Derivative instruments Deferred Benefit Costs
Accumulated Other
Comprehensive Loss
Balance at January 28, 2012 $(160,317) $(2,022) $(157,404) $(319,743)
Foreign currency translation adjustment 35,604 — — 35,604
Changes in fair value of derivatives
(net of taxes of $1.0 million) — 2,022 — 2,022
Deferred pension and other post-retirement
benefit costs (net of taxes of $36.4 million) — — (109,464) (109,464)
Reclassification adjustments:
Amortization of deferred benefit
costs (net of taxes of $0.9 million) — — 2,808 2,808
Balance at February 2, 2013 $(124,713) $— $(264,060) $(388,773)
Foreign currency translation adjustment (127,426) — — (127,426)
Curtailment of pension plans
(net of taxes of $3.9 million) — — 11,573 11,573
Deferred pension and other post-retirement
benefit costs (net of taxes of $4.4 million) — — (9,036) (9,036)
Reclassification adjustments:
Release of cumulative translation
adjustments to earnings upon disposal
of foreign businesses (net of taxes of $0) (3,265) — — (3,265)
Amortization of deferred benefit
costs (net of taxes of $4.7 million) — — 9,773 9,773
Balance at February 1, 2014 $(255,404) $— $(251,750) $(507,154)
Foreign currency translation adjustment (403,153) — — (403,153)
Deferred pension and other post-retirement
benefit costs (net of taxes of $18.3 million) — — (138,336) (138,336)
Reclassification adjustments:
Release of cumulative translation
adjustments to earnings upon disposal
of foreign businesses (net of taxes of $0) (1,335) — — (1,335)
Amortization of deferred benefit
costs (net of taxes of $0) — — 8,783 8,783
Balance at January 31, 2015 $(659,892) $— $(381,303) $(1,041,195)