Western Union 2013 Annual Report Download - page 237

2013 FORM 10-K
THE WESTERN UNION COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
127
The components of accumulated other comprehensive loss, net of tax, were as follows (in millions):
Year Ended December 31,
2013 2012 2011
Unrealized gains on investment securities, beginning of period . . . . . . . . . . . . . . $ 7.7 $ 4.9 $ 3.1
Unrealized gains/(losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.1) 9.9 9.7
Tax (expense)/benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.1 (3.7)(3.6)
Reclassification of gains into "Other revenues" . . . . . . . . . . . . . . . . . . . . . . . . . (5.8)(5.5)(6.9)
Tax expense related to reclassifications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.2 2.1 2.6
Net unrealized gains/(losses) on investment securities . . . . . . . . . . . . . . . . . (3.6) 2.8 1.8
Unrealized gains on investment securities, end of period . . . . . . . . . . . . . . . . . . . $ 4.1 $ 7.7 $ 4.9
Unrealized gains/(losses) on hedging activities, beginning of period . . . . . . . . . . $(21.9) $ 5.1 $ (21.9)
Unrealized losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3.1)(20.1)(5.2)
Tax (expense)/benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1.7) 3.1 5.6
Reclassification of (gains)/losses into "Transaction fees" . . . . . . . . . . . . . . . . . (7.6)(10.3) 23.3
Reclassification of (gains)/losses into "Foreign exchange revenues" . . . . . . . . (2.8)(3.1) 7.0
Reclassification of losses into "Interest expense" . . . . . . . . . . . . . . . . . . . . . . . 3.6 3.6 2.7
Tax expense/(benefit) related to reclassifications. . . . . . . . . . . . . . . . . . . . . . . . 0.5 (0.2)(6.4)
Net unrealized gains/(losses) on hedging activities . . . . . . . . . . . . . . . . . . . (11.1)(27.0) 27.0
Unrealized gains/(losses) on hedging activities, end of period . . . . . . . . . . . . . . . $(33.0) $ (21.9) $ 5.1
Foreign currency translation adjustments, beginning of period. . . . . . . . . . . . . . . $(8.5) $ (6.3) $ (4.3)
Foreign currency translation adjustments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (17.7)(4.6)(3.7)
Tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.6 2.4 1.7
Net foreign currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . . . (13.1)(2.2)(2.0)
Foreign currency translation adjustments, end of period . . . . . . . . . . . . . . . . . . . . $(21.6) $ (8.5) $ (6.3)
Defined benefit pension plan adjustments, beginning of period . . . . . . . . . . . . . . $(129.9) $ (122.2) $ (109.7)
Unrealized gains/(losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.4 (20.5)(28.4)
Tax (expense)/benefit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3.9) 6.2 10.9
Reclassification of losses into "Cost of services". . . . . . . . . . . . . . . . . . . . . . . . 12.4 10.5 8.1
Tax benefit related to reclassifications and other . . . . . . . . . . . . . . . . . . . . . . . . (4.5)(3.9)(3.1)
Net defined benefit pension plan adjustments. . . . . . . . . . . . . . . . . . . . . . . . 11.4 (7.7)(12.5)
Defined benefit pension plan adjustments, end of period . . . . . . . . . . . . . . . . . . . $(118.5) $ (129.9) $ (122.2)
Accumulated other comprehensive loss, end of period . . . . . . . . . . . . . . . . . . . . . $(169.0) $ (152.6) $ (118.5)