Baker Hughes 2015 Annual Report Download - page 90

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Baker Hughes Incorporated
Notes to Consolidated Financial Statements
81
on our consolidated financial statements. We also had commitments outstanding for purchase obligations related to
capital expenditures, inventory and services under contracts, for each of the five years in the period ending
December 31, 2020 of $202 million, $187 million, $162 million, $124 million and $106 million, respectively, and $67
million in the aggregate thereafter.
NOTE 15. ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table presents the changes in accumulated other comprehensive loss, net of tax:
Pensions and
Other
Postretirement
Benefits
Foreign
Currency
Translation
Adjustments
Accumulated
Other
Comprehensive
Loss
Balance at December 31, 2013 $ (217) $ (287) $ (504)
Other comprehensive income before reclassifications:
Foreign currency translation adjustments (216) (216)
Pensions and other postretirement benefits:
Actuarial net loss arising in the year (38) (38)
Deferred taxes 10 10
Amounts reclassified from accumulated other comprehensive loss:
Amortization of net actuarial loss 14 14
Amortization of prior service credit (14) (14)
Deferred taxes (1) (1)
Balance at December 31, 2014 (246) (503) (749)
Other comprehensive income before reclassifications:
Foreign currency translation adjustments (241) (241)
Pensions and other postretirement benefits:
Actuarial net loss arising in the year (18) (18)
Deferred taxes 10 10
Amounts reclassified from accumulated other comprehensive loss:
Amortization of net actuarial loss 16 16
Amortization of prior service credit (10) (10)
Curtailment (18) (18)
Deferred taxes 5 5
Balance at December 31, 2015 $ (261) $ (744) $ (1,005)
The amounts reclassified from accumulated other comprehensive loss during the twelve months ended
December 31, 2015 and 2014 represent the amortization of net actuarial loss and prior service credit, and
curtailments which are included in the computation of net periodic pension cost (see Note 13. "Employee Benefit
Plans" for additional details). Net periodic pension cost is recorded across the various cost and expense line items
within the consolidated statement of income (loss).