Foot Locker 2013 Annual Report Download - page 76
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Foot Locker, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
16. Leases − (continued)
Future minimum lease payments under non-cancelable operating leases, net of future non-cancelable oper-
ating sublease payments, are:
(in millions)
2014 $ 558
2015 514
2016 453
2017 383
2018 310
Thereafter 1,090
Total operating lease commitments $3,308
17. Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss, net of tax, is comprised of the following:
2013 2012 2011
(in millions)
Foreign currency translation adjustments $57 $82 $63
Cash flow hedges (2) 3 (1)
Unrecognized pension cost and postretirement benefit (240) (255) (264)
Unrealized loss on available-for-sale security (1) (1) (2)
$(186) $(171) $(204)
The changes in accumulated other comprehensive loss for the period ended February 1, 2014 were as follows:
(in millions)
Foreign
currency
translation
adjustments Cash flow
hedges
Items related
to pension
and
postretirement
benefits
Unrealized
loss on
available-for-
sale security Total
Balance as of February 2, 2013 $ 82 $ 3 $(255) $ (1) $(171)
Other comprehensive income (loss) before
reclassification (25) (5) 6 — (24)
Amounts reclassified from accumulated
other comprehensive income — — 9 — 9
Other comprehensive income (loss) (25) (5) 15 — (15)
Balance as of February 1, 2014 $ 57 $ (2) $(240) $ (1) $(186)
Reclassifications from accumulated other comprehensive loss for the period ended February 1, 2014 were as
follows:
(in millions)
Amortization of actuarial (gain) loss:
Pension benefits − amortization of actuarial loss $17
Postretirement benefits − amortization of actuarial gain (3)
Net periodic benefit cost (see Note 21) 14
Income tax expense 5
Net of tax $9
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