Dow Chemical 2014 Annual Report Download - page 153
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129
NOTE 23 – ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table provides an analysis of the changes in accumulated other comprehensive loss for the years ended
December 31, 2014, 2013 and 2012:
Accumulated Other Comprehensive Loss
In millions 2014 2013 2012
Unrealized Gains on Investments at beginning of year $ 160 $ 147 $ 78
Net change in unrealized gains (net of tax of $22, $25, $29) 41 55 84
Reclassification to earnings - Net sales (net of tax of $(32), $(20), $(8)) (1) (59) (42) (13)
Reclassification to earnings - Sundry income (expense) - net (net of tax of $(1),
$-, $(1)) (1) (1) — (2)
Balance at end of period $ 141 $ 160 $ 147
Cumulative Translation Adjustments at beginning of year 476 328 72
Translation adjustments (net of tax of $28, $(6), $97) (1,239) 169 256
Reclassification to earnings - Sundry income (expense) - net (2) 12 (21) —
Balance at end of period $ (751) $ 476 $ 328
Pension and Other Postretirement Benefit Plans at beginning of year (5,460) (7,995) (6,134)
Net gain (loss) arising during period (net of tax of $(1,228), $876, $(1,037)) (3) (2,516) 1,984 (2,222)
Prior service credit arising during period (net of tax of $185, $1, $-) (3) 315 5 —
Amortization of prior service cost included in net periodic pension costs (net of
tax of $6, $6, $7) (3) 14 15 15
Amortization of net loss included in net periodic pension costs (net of tax of
$158, $266, $174) (3) 326 531 346
Balance at end of period $ (7,321) $ (5,460) $ (7,995)
Accumulated Derivative Gain (Loss) at beginning of year (3) 4 (12)
Net hedging results (net of tax of $(25), $5, $(9)) (91) 10 (7)
Reclassification to earnings - Cost of sales (net of tax of $2, $(8), $13) (1) (4) 8 (17) 23
Balance at end of period $ (86) $ (3) $ 4
Total accumulated other comprehensive loss $ (8,017) $ (4,827) $ (7,516)
(1) Tax amounts are included in "Provision for income taxes" in the consolidated statements of income.
(2) In 2014, reclassification resulted from the liquidation and divestiture of subsidiaries. In 2013, reclassification resulted from the
divestiture of a nonconsolidated affiliate.
(3) See Note 17 for additional information.
(4) Accumulated Derivative Gain (Loss) for 2012 was presented in accordance with ASU 2013-02.