UPS 2015 Annual Report Download - page 115

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UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
103
Detail of the gains (losses) reclassified from AOCI to the statements of consolidated income for the years ended
December 31, 2015, 2014 and 2013 is as follows (in millions):
2015 Amount
Reclassified
from AOCI
2014 Amount
Reclassified
from AOCI
2013 Amount
Reclassified
from AOCI
Affected Line Item in the
Income Statement
Foreign Currency Translation Gain (Loss):
Liquidation of foreign subsidiary $ — $ — $ 161 Other expenses
Impact on net income — — 161 Net income
Unrealized Gain (Loss) on Marketable Securities:
Realized gain (loss) on sale of securities — 1 5 Investment income
Income tax (expense) benefit — — (2) Income tax expense
Impact on net income — 1 3 Net income
Unrealized Gain (Loss) on Cash Flow Hedges:
Interest rate contracts (24)(23)(22) Interest expense
Foreign exchange contracts (25)(48) 18 Interest expense
Foreign exchange contracts 313 (24)(53) Revenue
Commodity contracts ——
(48) Fuel expense
Income tax (expense) benefit (99) 35 39 Income tax expense
Impact on net income 165 (60)(66) Net income
Unrecognized Pension and Postretirement Benefit
Costs:
Prior service costs (174)(170)(178)Compensation and
benefits
Curtailment and settlement loss — (356)—
Compensation and
benefits
Remeasurement of benefit obligation (118)(1,806)—
Compensation and
benefits
Income tax (expense) benefit 97 870 67 Income tax expense
Impact on net income (195)(1,462)(111) Net income
Total amount reclassified for the period $(30)$ (1,521)$ (13) Net income