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15. Comprehensive Income
The components of AOCI, net of tax, and the other comprehensive income (loss), excluding noncontrolling interest are
summarized as follows (in millions):
Net Unrealized
Gains on
Investments
Net Unrealized
Gains (Losses)
Cash Flow
Hedging
Instruments
Cumulative
Translation
Adjustment
and Other
Accumulated
Other
Comprehensive
Income
BALANCE AT JULY 30, 2011 ............................... $487 $ 6 $801 $1,294
Other comprehensive income (loss) before reclassifications
attributable to Cisco Systems, Inc. ........................... (19) (131) (532) (682)
(Gains) losses reclassified out of other comprehensive income ....... (101) 72 — (29)
Tax benefit (expense) ....................................... 42 — 36 78
BALANCE AT JULY 28, 2012 ............................... 409 (53) 305 661
Other comprehensive income (loss) before reclassifications
attributable to Cisco Systems, Inc. ........................... 3 74 (83) (6)
(Gains) losses reclassified out of other comprehensive income ....... (48) (12) — (60)
Tax benefit (expense) ....................................... 15 (1) (1) 13
BALANCE AT JULY 27, 2013 .............................. 379 8 221 608
Other comprehensive income (loss) before reclassifications
attributable to Cisco Systems, Inc. ......................... 380 48 49 477
(Gains) losses reclassified out of other comprehensive income .... (300) (68) — (368)
Tax benefit (expense) ...................................... (35) — (5) (40)
BALANCE AT JULY 26, 2014 .............................. $ 424 $ (12) $ 265 $ 677
The net gains (losses) reclassified out of other comprehensive income into the Consolidated Statements of Operations, with
line item location, during each period were as follows (in millions):
July 26, 2014 July 27, 2013 July 28, 2012
Comprehensive Income Components Income Before Taxes Line Item in Statements of Operations
Net unrealized gains on available-for-sale investments
$300 $ 48 $101 Other income (loss), net
Net unrealized gains and losses on cash flow hedging
instruments:
Foreign currency derivatives .................... 55 10 (59) Operating expenses
Foreign currency derivatives .................... 13 2 (14) Cost of sales—service
Interest rate derivatives ........................ —— 1 Interest expense
68 12 (72)
Total amounts reclassified out of other comprehensive
income ....................................... $368 $60 $29
116