UPS 2013 Annual Report Download - page 107

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UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
95
Accumulated Other Comprehensive Income (Loss)
We incur activity in AOCI for unrealized holding gains and losses on available-for-sale securities, foreign currency
translation adjustments, unrealized gains and losses from derivatives that qualify as hedges of cash flows and unrecognized
pension and postretirement benefit costs. The activity in AOCI is as follows (in millions):
2013 2012 2011
Foreign currency translation gain (loss):
Balance at beginning of year $ 134 $ (160) $ (68)
Reclassification to earnings (no tax impact in either period) (161) — —
Translation adjustment (net of tax effect of $(5), $(9) and $11) (99) 294 (92)
Balance at end of year (126) 134 (160)
Unrealized gain (loss) on marketable securities, net of tax:
Balance at beginning of year 6 6 12
Current period changes in fair value (net of tax effect of $(3), $4 and $11) (4) 6 18
Reclassification to earnings (net of tax effect of $(2), $(3) and $(14)) (3)(6)(24)
Balance at end of year (1) 6 6
Unrealized gain (loss) on cash flow hedges, net of tax:
Balance at beginning of year (286)(204)(239)
Current period changes in fair value (net of tax effect of $1, $(25) and $(16)) 1 (43)(26)
Reclassification to earnings (net of tax effect of $39, $(24) and $37) 66 (39) 61
Balance at end of year (219)(286)(204)
Unrecognized pension and postretirement benefit costs, net of tax:
Balance at beginning of year (3,208)(2,745)(2,340)
Reclassification to earnings (net of tax effect of $67, $1,876 and $378) 111 3,135 628
Net actuarial gain (loss) and prior service cost resulting from remeasurements of
plan assets and liabilities (net of tax effect of $1,786, $(2,151) and $(622)) 2,983 (3,598)(1,033)
Balance at end of year (114)(3,208)(2,745)
Accumulated other comprehensive income (loss) at end of year $ (460) $ (3,354) $ (3,103)