AIG 2012 Annual Report Download - page 325

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Accumulated Other Comprehensive Income (Loss)
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The following table presents a rollforward of Accumulated other comprehensive income (loss):
Balance, January 1, 2010, net of tax $ (1,785) $ 7,829 $ 2,249 $ (128) $ (1,144) $ 7,021
Cumulative effect of change in accounting principle (76) (168) (688) – – (932)
Change in unrealized appreciation of investments 2,645 7,265 – – – 9,910
Change in deferred acquisition costs adjustment and
other (166) (491) – – – (657)
Change in foreign currency translation adjustments – – 654 – – 654
Change in net derivative losses arising from cash flow
hedging activities – – – 105 – 105
Net actuarial loss – – – – (1) (1)
Prior service credit – – – – 10 10
Change attributable to divestitures and deconsolidations 43 (2,854) (2,357) 6 290 (4,872)
Deferred tax asset (liability) (1,293) (1,627) 775 (17) (24) (2,186)
Total other comprehensive income (loss) 1,229 2,293 (928) 94 275 2,963
Acquisition of noncontrolling interest – – – – – –
Noncontrolling interests 2 99 80 – – 181
Balance, December 31, 2010, net of tax $ (634) $ 9,855 $ 553 $ (34) $ (869) $ 8,871
Change in unrealized appreciation of investments 55 5,463 – – – 5,518
Change in deferred acquisition costs adjustment and
other(a) 11 (641) – – – (630)
Change in future policy benefits(b) – (2,302) – – – (2,302)
Change in foreign currency translation adjustments – – (97) – – (97)
Change in net derivative losses arising from cash flow
hedging activities – – – 51 – 51
Net actuarial loss – – – – (752) (752)
Prior service credit – – – – 387 387
Change attributable to divestitures and deconsolidations 23 (3,643) (1,681) – 260 (5,041)
Deferred tax asset (liability) (163) (362) 786 (34) 35 262
Total other comprehensive income (loss) (74) (1,485) (992) 17 (70) (2,604)
Acquisition of noncontrolling interest – 45 66 – (18) 93
Noncontrolling interests 3 (160) 36 – – (121)
Balance, December 31, 2011, net of tax
Change in unrealized appreciation of investments
Change in deferred acquisition costs adjustment and
other
Change in future policy benefits
Change in foreign currency translation adjustments
Change in net derivative gains (losses) arising from
cash flow hedging activities
Net actuarial loss
Prior service credit
Deferred tax asset (liability)
Total other comprehensive income (loss)
Noncontrolling interests
Balance, December 31, 2012, net of tax
(a) Includes the pre-tax adjustment to Accumulated other comprehensive income related to a $152 million reduction of deferred acquisition costs
as a consequence of the recognition of additional policyholder benefit reserves disclosed below.
(b) The adjustment to policyholder benefit reserves assumes that the unrealized appreciation on available for sale securities is actually realized
and that the proceeds are reinvested at lower yields.
As a result of divestitures in 2010, $1.8 billion of Foreign currency cumulative translation adjustment and $6.1 billion
of Unrealized appreciation of investments were transferred to earnings as net gain on sale.
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AIG 2012 Form 10-K308
$ (711) $ 8,575 $ (409) $ (17) $ (957) $ 6,481
2,306 8,404 – – – 10,710
(49) (840) – – – (889)
(85) (432) – – – (517)
– – (33) – – (33)
–––33–33
– – – – (273) (273)
– – – – (46) (46)
(886) (2,252) 33 (16) 232 (2,889)
1,286 4,880 – 17 (87) 6,096
– 9 (6) – – 3
$ 575 $ 13,446 $ (403) $ – $ (1,044) $ 12,574
Unrealized Appreciation
(Depreciation) of Fixed Net Derivative
Maturity Investments Unrealized Gains (Losses) Change in
on Which Other-Than- Appreciation Foreign Arising from Retirement
Temporary Credit (Depreciation) Currency Cash Flow Plan
Impairments Were of All Other Translation Hedging Liabilities
(in millions) Recognized Investments Adjustments Activities Adjustment Total
ITEM 8 / NOTE 17. TOTAL EQUITY