Texas Instruments 2014 Annual Report Download - page 64
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58
FORM 10-K
Accrued expenses and other liabilities December 31,
2014 2013
Customer incentive programs and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 101 $ 143
Severance and related expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 158
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 337 350
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 498 $ 651
Accumulated other comprehensive income (loss), net of taxes December 31,
2014 2013
Postretirement benefit plans:
Net actuarial loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (529) $ (525)
Prior service credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —1
Cash flow hedge derivative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) (4)
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (532) $ (528)
Details on amounts reclassified out of Accumulated other comprehensive income (loss), net of taxes to Net income
Our Consolidated Statements of Comprehensive Income include items that have been recognized within Net income during the years
ended December 31, 2014 and 2013. The table below details where on the Consolidated Statements of Income these transactions
are recorded.
Details about AOCI Components
For Years Ended
December 31,
Impact to
Related Statement
of Income Line2014 2013
Net actuarial gains (losses) of defined benefit plans:
Recognized net actuarial loss and Settlement losses (a) . . . . . . . $ 63 $ 108 Increase to Pension expense (b)
Tax effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (21) (37) Decrease to Provision for income taxes
Recognized within Net income, net of taxes . . . . . . . . . . . . . $ 42 $ 71 Decrease to Net income
Prior service cost of defined benefit plans:
Amortization of prior service cost (credit)
and Curtailment gain (a) . . . . . . . . . . . . . . . . . . . . . . . $ — $ (5) Decrease to Pension expense (b)
Tax effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —2 Increase to Provision for income taxes
Recognized within Net income, net of taxes . . . . . . . . . . . . . $ — $ (3) Increase to Net income
Derivative instruments:
Amortization of treasury rate locks . . . . . . . . . . . . . . . . . . $ 2 $ 2 Increase to Interest and debt expense
Tax effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1) (1) Decrease to Provision for income taxes
Recognized within Net income, net of taxes . . . . . . . . . . . . . $ 1 $ 1 Decrease to Net income
(a) Detailed in Note 11.
(b) Pension expense is included in COR, R&D, SG&A and Restructuring charges/other in the Consolidated Statements of Income.