Time Magazine 2014 Annual Report Download - page 104

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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, 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 on securities ................................................... 1 - 1
Unrealized losses on benefit obligation ............................................ (312) 106 (206)
Reclassification adjustment for losses on benefit obligation realized in
net income(b) ............................................................... 28 (10) 18
Unrealized gains on derivative financial instruments .................................. 5 (2) 3
Reclassification adjustment for derivative financial instrument gains realized
in net income(c) ............................................................. (2) 1 (1)
Other comprehensive 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 on benefit obligation ............................................. 203 (79) 124
Reclassification adjustment for losses on benefit obligation realized in
net income(b) ............................................................... 33 (11) 22
Unrealized gains on derivative financial instruments .................................. 45 (18) 27
Reclassification adjustment for derivative financial instrument gains realized
in net income(c) ............................................................. (35) 14 (21)
Other comprehensive income .................................................... $ 221 $ (84) $ 137
Year Ended December 31, 2014
Unrealized losses on foreign currency translation .................................... $ (243) $ 15 $ (228)
Unrealized losses on securities ................................................... (6) 2 (4)
Reclassification adjustment for gains on securities realized in net income(a) ................ (16) 6 (10)
Unrealized losses on benefit obligation ............................................ (282) 95 (187)
Reclassification adjustment for losses on benefit obligation realized in
net income(b) ............................................................... 30 (11) 19
Unrealized gains on derivative financial instruments .................................. 13 (5) 8
Reclassification adjustment for derivative financial instrument gains realized
in net income(c) ............................................................. (22) 8 (14)
Other comprehensive loss ....................................................... $ (526) $ 110 $ (416)
(a) Pretax (gains) losses included in Other income (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 income (loss), net are as follows (millions):
Year Ended December 31,
2014 2013 2012
Selling, general and administrative expenses ................................................. $ (5) $ (5) $ (12)
Costs of revenues ....................................................................... (18) (27) 10
Other loss, net ......................................................................... 1 (3) -
88