First Data 2014 Annual Report Download - page 78
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The income tax effects allocated to and the cumulative balance of each component of OCI are as follows:
Unrealized gains (losses) on securities
$ 2.3
$ (6.8)
$ —
$ (6.8)
$ (4.5)
Foreign currency translation adjustment (a)
(504.4)
(298.1)
(1.0)
(297.1)
(801.5)
Pension liability adjustments
(86.6)
(35.2)
0.9
(36.1)
(122.7)
$ (588.7)
$ (340.1)
$ (0.1)
$ (340.0)
$ (928.7)
Unrealized gains on securities
$ 1.1
$ 1.9
$ 0.7
$ 1.2
$ 2.3
Foreign currency translation adjustment (a)
(425.9)
(103.1)
(24.6)
(78.5)
(504.4)
Pension liability adjustments
(127.4)
64.3
23.5
40.8
(86.6)
$ (552.2)
$ (36.9)
$ (0.4)
$ (36.5)
$ (588.7)
Unrealized gains on securities
$ 0.9
$ 0.3
$ 0.1
$ 0.2
$ 1.1
Unrealized gains (losses) on hedging activities
(72.2)
114.9
42.7
72.2
—
Foreign currency translation adjustment (a)
(438.3)
28.4
16.0
12.4
(425.9)
Pension liability adjustments
(88.8)
(61.8)
(23.2)
(38.6)
(127.4)
$ (598.4)
$ 81.8
$ 35.6
$ 46.2
$ (552.2)
(a) Net-of-tax Foreign currency translation adjustment for the years ended December 31, 2014, 2013, and 2012 is different than the amount presented on the Consolidated
Statements of Comprehensive Income (Loss) by $(11) million, $1 million, and $3 million, respectively, due to the foreign currency translation adjustment related to
noncontrolling interests not included above.
The following table presents a summary of the redeemable noncontrolling interest activity in 2014 and 2013:
Balance as of January 1, 2013 $ 67.4
Distributions (34.4)
Share of income 34.1
Adjustment to redemption value of redeemable noncontrolling interest 2.0
Balance as of December 31, 2013 69.1
Distributions (34.5)
Share of income 33.7
Adjustment to redemption value of redeemable noncontrolling interest 2.1
Balance as of December 31, 2014 $ 70.4
The Company’s parent, FDH, has a stock incentive plan for employees of FDC and its affiliates (stock plan). The stock plan provides the opportunity for
certain employees to purchase shares in FDH and then receive a number of options or restricted stock based on a multiple of their investment in such shares.
The plan also allows for the Company to award shares and options to employees. The participants of the stock plan enter into a management stockholders’
agreement. Principal terms of the
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