Dow Chemical 2015 Annual Report Download - page 148

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138
NOTE 24 – ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table provides an analysis of the changes in accumulated other comprehensive loss for the years ended
December 31, 2015, 2014 and 2013:
Accumulated Other Comprehensive Loss
In millions 2015 2014 2013
Unrealized Gains on Investments at beginning of year $ 141 $ 160 $ 147
Net change in unrealized gains (losses) (net of tax of $(22), $22, $25) (40) 41 55
Reclassification to earnings - Net sales (net of tax of $(27), $(32), $(20)) (1) (49) (59) (42)
Reclassification to earnings - Sundry income (expense) - net (net of tax of $(3),
$(1), $-) (1) (5)(1) —
Balance at end of period $ 47 $ 141 $ 160
Cumulative Translation Adjustments at beginning of year $ (751) $ 476 $ 328
Translation adjustments (net of tax of $(84), $(28), $6) (990) (1,239) 169
Reclassification to earnings - Sundry income (expense) - net (2) 4 12 (21)
Balance at end of period $ (1,737) $ (751) $ 476
Pension and Other Postretirement Benefit Plans at beginning of year $ (7,321) $ (5,460) $ (7,995)
Net gain (loss) arising during period (net of tax of $70, $(1,228), $876) (3) 132 (2,516) 1,984
Prior service credit (cost) arising during period (net of tax of $(36), $185, $1) (3) (27) 315 5
Amortization of prior service cost (credit) included in net periodic pension costs
(net of tax of $(10), $6, $6) (3) (20) 14 15
Amortization of net loss included in net periodic pension costs (net of tax of $228,
$158, $266) (3) 467 326 531
Balance at end of period $ (6,769) $ (7,321) $ (5,460)
Accumulated Derivative Gain (Loss) at beginning of year $ (86) $ (3) $ 4
Net hedging results (net of tax of $(79), $(25), $5) (136) (91) 10
Reclassification to earnings - Cost of sales (net of tax of $9, $2, $(8)) (1) 14 8 (17)
Balance at end of period $ (208) $ (86) $ (3)
Total accumulated other comprehensive loss $ (8,667) $ (8,017) $ (4,827)
(1) Tax amounts are included in "Provision for income taxes" in the consolidated statements of income.
(2) In 2015 and 2014, reclassification resulted from the liquidation and divestiture of subsidiaries. In 2013, reclassification resulted from
the divestiture of a nonconsolidated affiliate.
(3) See Note 18 for additional information.