Xerox 2012 Annual Report Download - page 111

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109Xerox 2012 Annual Report
Note 20 – Other Comprehensive Income
Other Comprehensive Income is composed of the following:
Year Ended December 31,
2012 2011 2010
Pre-tax Net of Tax Pre-tax Net of Tax Pre-tax Net of Tax
Translation Adjustments Gains (Losses) $ 104 $ 113 $ (103) $ (105) $ (29) $ (35)
Unrealized (Losses) Gains:
Changes in fair value of cash flow hedges – (losses) gains (50) (35) 30 22 46 31
Changes in cash flow hedges reclassed to earnings (1) (37) (28) (14) (9) (28) (18)
Other – – (1) (1) (1) (1)
Net unrealized (losses) gains $ (87) $ (63) $ 15 $ 12 $ 17 $ 12
Defined Benefit Plans (Losses) Gains:
Actuarial/Prior service losses (852) (578) (872) (607) (106) (191)
Amortization (2) 126 85 89 60 91 164
Curtailment gain – recognition of prior service credit – – (107) (66) – –
Fuji Xerox changes in defined benefit plans, net (3) (13) (13) (31) (31) 28 28
Other (4) (55) (55) 8 8 22 22
Changes in defined benefit plans (losses) gains $ (794) $ (561) $ (913) $ (636) $ 35 $ 23
Other Comprehensive (Loss) Income (777) (511) (1,001) (729) 23 –
Less: Other comprehensive loss attributable to
noncontrolling interests – – (1) (1) – –
Other Comprehensive (Loss) Income Attributable to Xerox $ (777) $ (511) $ (1,000) $ (728) $ 23 $ –
(1) Reclassified to Cost of sales – refer to Note 13 – Financial Instruments for additional information regarding our cash flow hedges.
(2) Reclassified to Total Net Periodic Benefit Cost – refer to Note 15 – Employee Benefit Plans for additional information.
(3) Represents our share of Fuji Xerox’s benefit plan changes.
(4) Primarily represents currency impact on cumulative amount of benefit plan net actuarial losses and prior service credits included in AOCL.
Accumulated Other Comprehensive Loss (“AOCL”)
AOCL is composed of the following:
December 31,
2012 2011 2010
Cumulative translation adjustments $ (826) $ (939) $ (835)
Benefit plans net actuarial losses
and prior service credits (1) (2,364) (1,803) (1,167)
Other unrealized (losses) gains, net (37) 26 14
Total Accumulated Other
Comprehensive Loss $ (3,227) $ (2,716) $ (1,988)
(1) Includes our share of Fuji Xerox.