Travelers 2011 Annual Report Download - page 228

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
9. SHAREHOLDERS’ EQUITY AND DIVIDEND AVAILABILITY (Continued)
Accumulated Other Changes in Equity from Nonowner Sources, Net of Tax
Changes in each component of Accumulated Other Changes in Equity from Nonowner Sources
were as follows:
Net Benefit Plan Net Unrealized Accumulated
Net Unrealized Assets and Foreign Other Changes
Gains (Losses) Obligations Currency in Equity from
on Investment Recognized in Translation Nonowner
(at and for the year ended December 31, in millions) Securities Equity and Other Sources
Balance, December 31, 2008 .............. $ (146) $(549) $(205) $ (900)
Cumulative effect of adoption of updated
accounting guidance at April 1, 2009 net of
tax benefit of $(38) (see note 1) ......... (71) — — (71)
Net change in unrealized gains on investment
securities, net of tax expense of $1,119 ..... 2,085 — — 2,085
Less: Reclassification adjustment for net
realized gains included in net income, net of
tax benefit of $(6) ................... (12) — — (12)
Net change in benefit plan assets and
obligations recognized in equity, net of tax
benefit of $(47) ..................... — (88) — (88)
Change in other, net of tax expense of $46 . . . — — 205 205
Current period change ................ 2,002 (88) 205 2,119
Balance, December 31, 2009 .............. 1,856 (637) — 1,219
Net change in unrealized gains on investment
securities, net of tax expense of $110 ...... 204 — — 204
Less: Reclassification adjustment for net
realized gains included in net income, net of
tax benefit of $(108) .................. (201) — — (201)
Net change in benefit plan assets and
obligations recognized in equity, net of tax
expense of $12 ...................... — 27 — 27
Change in other, net of tax expense of $6 .... — — 6 6
Current period change ................ 3 27 6 36
Balance, December 31, 2010 .............. 1,859 (610) 6 1,255
Net change in unrealized gains on investment
securities, net of tax expense of $600 ...... 1,083 — — 1,083
Less: Reclassification adjustment for net
realized gains included in net income, net of
tax benefit of $(38) .................. (71) — — (71)
Net change in benefit plan assets and
obligations recognized in equity, net of tax
benefit of $(106) .................... — (201) — (201)
Change in other, net of tax benefit of $(29) ... — — (61) (61)
Current period change ................ 1,012 (201) (61) 750
Balance, December 31, 2011 .............. $2,871 $(811) $ (55) $2,005
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