Tyson Foods 2013 Annual Report Download - page 68

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68
Estimated Future Benefit Payments
The following benefit payments are expected to be paid:
in millions
Pension Benefits Other Postretirement
Qualified Non-Qualified Benefits
2014 $ 6 $ 2 $ 6
2015 7 3 6
2016 5 3 6
2017 5 3 5
2018 6 4 5
2019-2023 27 27 29
The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in 2013
or thereafter.
NOTE 16: COMPREHENSIVE INCOME (LOSS)
The components of accumulated other comprehensive loss are as follows:
in millions
2013 2012
Accumulated other comprehensive income (loss), net of taxes:
Unrealized net hedging gain (loss) $ (4) $ 10
Unrealized net gain (loss) on investments (2) 1
Currency translation adjustment (69) (32)
Postretirement benefits reserve adjustments (33) (42)
Total accumulated other comprehensive loss $ (108) $ (63)
The before and after tax changes in the components of other comprehensive income (loss) are as follows:
in millions
2013 2012 2011
Before
Tax Tax After
Tax Before
Tax Tax After
Tax Before
Tax Tax After
Tax
Derivatives accounted for as cash flow hedges:
(Gain) loss reclassified to Cost of Sales $ 5 $ (2) $ 3 $ 16 $ (7) $ 9 $ (25) $ 10 $ (15)
(Gain) loss reclassified to Other Income/Expense 4 (2) 2 (4) 2 (2) — — —
Unrealized gain (loss) (31) 12 (19) 16 (6) 10 4 (6) (2)
Investments:
Gain reclassified to Other Income/Expense (1) — (1) ——— ———
Unrealized gain (loss) (4) 2 (2) — — — (12) 4 (8)
Currency translation:
Translation gain reclassified to Other Income/
Expense (19)(1)(20) ——— ———
Translation adjustment (20) 3 (17) 2 1 3 (42) 1 (41)
Postretirement benefits (Note 15) 15 (6) 9 (6) 2 (4)(21) 8 (13)
Total Other Comprehensive Income (Loss) $ (51) $ 6 $ (45) $ 24 $ (8) $ 16 $ (96) $ 17 $ (79)