Western Union 2015 Annual Report Download - page 230

THE WESTERN UNION COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
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The following table summarizes the components of accumulated other comprehensive loss, net of tax (in millions). All amounts
reclassified from accumulated other comprehensive loss affect the line items as indicated below within the Consolidated Statements
of Income.
Year Ended December 31,
2015 2014 2013
Unrealized gains on investment securities, beginning of period . . . . . . . . . . . . . . $ 8.9 $ 4.1 $ 7.7
Unrealized gains/(losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.4 15.5 (0.1)
Tax (expense)/benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.1)(5.7) 0.1
Reclassification of gains into "Other revenues" . . . . . . . . . . . . . . . . . . . . . . . . . (2.2)(7.8)(5.8)
Reclassification of gains into "Interest income". . . . . . . . . . . . . . . . . . . . . . . . . —(0.2) —
Tax expense related to reclassifications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.8 3.0 2.2
Net unrealized gains/(losses) on investment securities . . . . . . . . . . . . . . . . . (1.1) 4.8 (3.6)
Unrealized gains on investment securities, end of period . . . . . . . . . . . . . . . . . . . $ 7.8 $ 8.9 $ 4.1
Unrealized gains/(losses) on hedging activities, beginning of period . . . . . . . . . . $ 48.6 $ (33.0) $ (21.9)
Unrealized gains/(losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70.8 84.0 (3.1)
Tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7.0)(3.7)(1.7)
Reclassification of gains into "Transaction fees" . . . . . . . . . . . . . . . . . . . . . . . . (55.3)(1.2)(7.6)
Reclassification of gains into "Foreign exchange revenues" . . . . . . . . . . . . . . . (22.5)(0.4)(2.8)
Reclassification of losses into "Interest expense" . . . . . . . . . . . . . . . . . . . . . . . 3.6 3.6 3.6
Tax expense/(benefit) related to reclassifications. . . . . . . . . . . . . . . . . . . . . . . . 3.2 (0.7) 0.5
Net unrealized gains/(losses) on hedging activities . . . . . . . . . . . . . . . . . . . (7.2) 81.6 (11.1)
Unrealized gains/(losses) on hedging activities, end of period . . . . . . . . . . . . . . . $ 41.4 $ 48.6 $ (33.0)
Foreign currency translation adjustments, beginning of period. . . . . . . . . . . . . . . $(49.2) $ (21.6) $ (8.5)
Foreign currency translation adjustments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (20.3)(14.8)(17.7)
Tax (expense)/benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.5 (12.8) 4.6
Net foreign currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . . . (16.8)(27.6)(13.1)
Foreign currency translation adjustments, end of period . . . . . . . . . . . . . . . . . . . . $(66.0) $ (49.2) $ (21.6)
Defined benefit pension plan adjustments, beginning of period . . . . . . . . . . . . . . $(127.2) $ (118.5) $ (129.9)
Unrealized gains/(losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9.7)(24.3) 7.4
Tax (expense)/benefit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.5 9.0 (3.9)
Reclassification of losses into "Cost of services". . . . . . . . . . . . . . . . . . . . . . . . 11.4 10.4 12.4
Tax benefit related to reclassifications and other . . . . . . . . . . . . . . . . . . . . . . . . (4.1)(3.8)(4.5)
Net defined benefit pension plan adjustments. . . . . . . . . . . . . . . . . . . . . . . . 0.1 (8.7) 11.4
Defined benefit pension plan adjustments, end of period . . . . . . . . . . . . . . . . . . . $(127.1) $ (127.2) $ (118.5)
Accumulated other comprehensive loss, end of period . . . . . . . . . . . . . . . . . . . . . $(143.9) $ (118.9) $ (169.0)
201 FORM 10-K
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