First Data 2008 Annual Report Download - page 165

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Other Comprehensive Income
The income tax effects allocated to and the cumulative balance of each component of OCI are as follows (in millions):
Beginning
Balance
Pretax
Gain
(Loss)
Amount
Tax
(Benefit)
Expense
Net-of-
Tax
Amount
Western
Union
Dividend
Ending
Balance
Successor
December 31, 2008
Unrealized gains (losses) on securities $ — $ (17.7) $ (6.5) $ (11.2) $ — $ (11.2)
Unrealized gains (losses) on hedging activities (109.1) (387.3) (144.1) (243.2) — (352.3)
Foreign currency translation adjustment 14.0 (584.4) (27.9) (556.5) — (542.5)
Minimum pension liability adjustment 1.6 (47.6) (17.1) (30.5) — (28.9)
$ (93.5) $ (1,037.0) $ (195.6) $ (841.4) $ — $ (934.9)
September 25, 2007 through December 31, 2007
Unrealized gains (losses) on hedging activities $ — $ (174.0) $ (64.9) $ (109.1) $ — $ (109.1)
Foreign currency translation adjustment — 25.8 11.8 14.0 — 14.0
Minimum pension liability adjustment — 2.5 0.9 1.6 — 1.6
$ — $ (145.7) $ (52.2) $ (93.5) $ — $ (93.5)
Predecessor
January 1, 2007 through September 24, 2007
Unrealized gains (losses) on securities $ 18.1 $ (29.0) $ (10.8) $ (18.2) $ — $ (0.1)
Unrealized gains (losses) on hedging activities (4.4) 0.9 0.5 0.4 — (4.0)
Foreign currency translation adjustment 79.2 96.0 (27.1) 123.1 — 202.3
Minimum pension liability adjustment (63.5) — — — — (63.5)
Adjustment to initially apply SFAS No. 158 (46.3) — — — — (46.3)
$ (16.9) $ 67.9 $ (37.4) $ 105.3 $ — $ 88.4
December 31, 2006
Unrealized gains (losses) on securities $ (49.2) $ 107.1 $ 38.2 $ 68.9 $ (1.6) $ 18.1
Unrealized gains (losses) on hedging activities (6.7) 3.3 1.0 2.3 — (4.4)
Foreign currency translation adjustment 31.2 102.4 44.0 58.4 (10.4) 79.2
Minimum pension liability adjustment (141.6) 2.4 (1.6) 4.0 74.1 (63.5)
Adjustment to initially apply SFAS No. 158 — (74.0) (27.7) (46.3) — (46.3)
$ (166.3) $ 141.2 $ 53.9 $ 87.3 $ 62.1 $ (16.9)
The successor period beginning balance of OCI was zero due to the previous balance being eliminated in purchase accounting for the merger.
Other Stockholders' Equity Transactions
In 2007, the Company accelerated vesting of all outstanding stock options, restricted stock awards and restricted stock units as a result of the merger
transaction. For information regarding stock compensation plans refer to Note 15 and for information regarding the merger refer to Note 2.
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