Honeywell 2015 Annual Report Download - page 59

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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS
—(Continued)
(Dollars in millions, except per share amounts)
Changes in Accumulated Other Comprehensive Income by Component
Reclassifications Out of Accumulated Other Comprehensive Income
55
Foreign
Exchange
Translation
Adjustment
Pension
and Other
Postretirement
Adjustments
Changes in
Fair Value of
Available
for Sale
Investments
Changes in
Fair Value of
Effective
Cash Flow
Hedges
Total
Balance at December 31, 2013
$
304
$
355
$
170
$
(11
)
$
818
Other comprehensive income (loss) before
reclassifications
(1,044
)
(1,284
)
15
20
(2,293
)
Amounts reclassified from accumulated other
comprehensive income
—
201
(185
)
—
16
Net current period other comprehensive
income (loss)
(1,044
)
(1,083
)
(170
)
20
(2,277
)
Balance at December 31, 2014
$
(740
)
$
(728
)
$
—
$
9
$
(1,459
)
Other comprehensive income (loss) before
reclassifications
(1,152
)
23
—
91
(1,038
)
Amounts reclassified from accumulated other
comprehensive income
—
61
—
(99
)
(38
)
Net current period other comprehensive
income (loss)
(1,152
)
84
—
(8
)
(1,076
)
Balance at December 31, 2015
$
(1,892
)
$
(644
)
$
—
$
1
$
(2,535
)
Year Ended December 31, 2015
Affected Line in the Consolidated Statement of Operations
Product
Sales
Cost of
Products
Sold
Cost of
Services
Sold
Selling,
General and
Administrative
Expenses
Other
(Income)
Expense
Total
Amortization of Pension and Other
Postretirement Items:
Actuarial losses recognized
$
—
$
78
$
16
$
17
$
—
$
111
Prior service (credit) recognized
—
(14
)
(3
)
(3
)
—
(20
)
Settlements and curtailments
—
2
—
—
—
2
Losses (gains) on cash flow hedges
(17
)
(73
)
(17
)
(2
)
—
(109
)
Total before tax
$
(17
)
$
(7
)
$
(4
)
$
12
$
—
$
(16
)
Tax expense (benefit)
(22
)
Total reclassifications for the period, net of tax
$
(38
)