Xerox 2013 Annual Report Download - page 136

Download and view the complete annual report

Please find page 136 of the 2013 Xerox annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 152

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

Note 20 – Other Comprehensive Income
Other Comprehensive Income is comprised of the following:
Year Ended December 31,
2013 2012 2011
Pre-tax Net of Tax Pre-tax Net of Tax Pre-tax Net of Tax
Translation Adjustments (Losses) Gains $(194) $ (185) $ 104 $113 $(103) $ (105)
Unrealized (Losses) Gains:
Changes in fair value of cash flow hedges
- (losses) gains (126)(89)(50)(35) 30 22
Changes in cash flow hedges reclassed to
earnings(1) 123 86 (37)(28)(14) (9)
Other gains (losses) 3 3 — — (1) (1)
Net Unrealized (Losses) Gains — — (87)(63) 15 12
Defined Benefit Plans Gains (Losses):
Net actuarial/prior service gains (losses) 729 483 (852)(578)(872)(607)
Prior service amortization(2) (45) (29)(64)(39) 39 24
Actuarial loss amortization(2) 260 172 190 124 50 36
Curtailment gain - recognition of prior
service credit — — — — (107)(66)
Fuji Xerox changes in defined benefit
plans, net(3) 23 23 (13)(13)(31)(31)
Other (losses) gains(4) (17) (17)(55)(55)8 8
Changes in Defined Benefit Plans Gains
(Losses) 950 632 (794)(561)(913)(636)
Other Comprehensive Income (Loss) 756 447 (777)(511)(1,001)(729)
Less: Other comprehensive loss
attributable to noncontrolling interests (1) (1) — — (1) (1)
Other Comprehensive Income (Loss)
Attributable to Xerox $ 757 $ 448 $(777) $ (511) $ (1,000) $ (728)
_____________________________
(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 comprised of the following:
December 31,
2013 2012 2011
Cumulative translation adjustments $ (1,010) $ (826) $ (939)
Benefit plans net actuarial losses and prior service credits(1) (1,732) (2,364)(1,803)
Other unrealized (losses) gains, net (37)(37) 26
Total Accumulated Other Comprehensive Loss Attributable to Xerox $ (2,779) $ (3,227) $ (2,716)
_____________________________
(1) Includes our share of Fuji Xerox.
119