Time Magazine 2013 Annual Report Download - page 111

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TIME WARNER INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
The following summary sets forth the activity within Other comprehensive income (loss) (millions):
Pretax
Tax
(provision)
benefit
Net of
tax
Year Ended December 31, 2011
Unrealized losses on foreign currency translation ............................. $ (70) $ (5) $ (75)
Unrealized gains (losses) on securities ..................................... 6 (2) 4
Unrealized gains (losses) on benefit obligation ............................... (318) 109 (209)
Reclassification adjustment for (gains) losses on benefit obligation realized in net
income(b) ........................................................... 20 (7) 13
Unrealized gains (losses) on derivative financial instruments ................... 11 (4) 7
Reclassification adjustment for derivative financial instrument (gains) losses realized
in net income(c) ...................................................... 30 (11) 19
Other comprehensive income (loss) ....................................... $(321) $ 80 $(241)
Year Ended December 31, 2012
Unrealized gains on foreign currency translation ............................. $ 59 $ (8) $ 51
Reclassification adjustment for losses on foreign currency translation realized in net
income(a) ........................................................... 10 — 10
Unrealized gains (losses) on securities ..................................... 1 — 1
Unrealized gains (losses) on benefit obligation ............................... (312) 106 (206)
Reclassification adjustment for (gains) losses on benefit obligation realized in net
income(b) ........................................................... 28 (10) 18
Unrealized gains (losses) on derivative financial instruments ................... 5 (2) 3
Reclassification adjustment for derivative financial instrument (gains) losses realized
in net income(c) ...................................................... (2) 1 (1)
Other comprehensive income (loss) ....................................... $(211) $ 87 $(124)
Year Ended December 31, 2013
Unrealized losses on foreign currency translation ............................. $ (38) $ 16 $ (22)
Reclassification adjustment for gains on foreign currency translation realized in net
income(a) ........................................................... (9) 3 (6)
Unrealized gains on securities ............................................ 22 (9) 13
Unrealized gains (losses) on benefit obligation ............................... 203 (79) 124
Reclassification adjustment for (gains) losses on benefit obligation realized in net
income(b) ........................................................... 33 (11) 22
Unrealized gains (losses) on derivative financial instruments ................... 45 (18) 27
Reclassification adjustment for derivative financial instrument (gains) losses realized
in net income(c) ...................................................... (35) 14 (21)
Other comprehensive income (loss) ....................................... $221 $(84) $ 137
(a) Pretax (gains) losses included in Other loss, net.
(b) Pretax (gains) losses included in Selling, general, and administrative expenses.
(c) Pretax (gains) losses included in Selling, general and administrative expenses, Costs of revenues and Other loss, net are as follows
(millions):
95