Western Union 2010 Annual Report Download - page 112

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The income tax effects allocated to and the cumulative balance of each component of accumulated other
comprehensive loss were as follows (in millions):
2010 2009 2008
Beginning balance, January 1 .................................................................. $ (127.3) $ (30.0) $ (68.8)
Unrealized gains/(losses) on investment securities:
Unrealized gains/(losses) .................................................................. (0.5) 11.5 (2.4)
Tax (expense)/benefit ................................................................... 0.1 (4.3) 0.9
Reclassification of (gains)/losses into earnings .................................. (4.7) (2.7) 4.3
Tax expense/(benefit) ................................................................... 1.8 1.0 (1.6)
Net unrealized gains/(losses) on investment securities ................. (3.3) 5.5 1.2
Unrealized gains/(losses) on hedging activities:
Unrealized gains/(losses) .................................................................. 15.8 (43.6) 82.6
Tax (expense)/benefit ................................................................... 0.7 8.9 (15.0)
Reclassification of (gains)/losses into earnings .................................. (23.0) (32.9) 25.1
Tax expense/(benefit) ................................................................... 1.6 5.1 (3.5)
Net unrealized gains/(losses) on hedging activities ...................... (4.9) (62.5) 89.2
Foreign currency translation adjustments:
Foreign currency translation adjustments ........................................... 8.4 (21.6) (8.0)
Tax (expense)/benefit ................................................................... (1.8) 7.6 2.8
Reclassification of gains into earnings (a) ......................................... — (23.1) —
Tax expense (a) ............................................................................ — 8.1 —
Net foreign currency translation adjustments .............................. 6.6 (29.0) (5.2)
Pension liability adjustments:
Unrealized losses ............................................................................. (13.7) (22.2) (76.1)
Tax benefit .................................................................................. 5.9 8.7 28.0
Reclassification of losses into earnings ............................................. 6.2 3.6 2.7
Tax benefit .................................................................................. (2.3) (1.4) (1.0)
Net pension liability adjustments ............................................... (3.9) (11.3) (46.4)
Other comprehensive (loss)/income .......................................................... (5.5) (97.3) 38.8
Ending balance, December 31 ................................................................. $ (132.8) $ (127.3) $ (30.0)
(a) The year ended December 31, 2009 includes the impact to the foreign currency translation account of the
surrender of the Company’s interest in FEXCO Group. See Note 4.
The components of accumulated other comprehensive loss, net of tax, were as follows (in millions):
2010 2009 2008
Unrealized gains on investment securities ............................................... $ 3.1 $ 6.4 $ 0.9
Unrealized gains/(losses) on hedging activities ........................................ (21.9) (17.0) 45.5
Foreign currency translation adjustment .................................................. (4.3) (10.9) 18.1
Pension liability adjustment ................................................................... (109.7) (105.8) (94.5)
$ (132.8) $ (127.3) $ (30.0)
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