John Deere 2014 Annual Report Download - page 57

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57
Before Tax After
Tax (Expense) Tax
Amount Credit Amount
Health care and life insurance
Net actuarial (loss) and prior
service credit ................................ $ (378) $ 138 $ (240)
Reclassification through amortization
of actuarial (gain) loss and prior
service (credit) cost to net income:**
Actuarial loss ............................ 33 (12) 21
Prior service (credit) .................. (3) 1 (2)
Settlements/curtailments .......... (1) (1)
Net unrealized (loss) on retirement
benefits adjustment ........................... (1,078) 394 (684)
Total other comprehensive income (loss) ..... $ (1,481) $ 391 $ (1,090)
* Represents the accumulated translation adjustments related to the foreign
subsidiaries of the Water operations that were sold (see Note 4).
** These accumulated other comprehensive income amounts are included in net
periodic postretirement costs. See Note 7 for additional detail.
2013
Cumulative translation adjustment .............. $ ( 74) $ 3 $ (71)
Unrealized gain (loss) on derivatives:
Unrealized hedging gain ......................... 43 (14) 29
Reclassification of realized (gain) loss to:
Interest rate contracts –
Interest expense ........................... 22 (8) 14
Foreign exchange contracts –
Other operating expenses .............. (49) 17 (32)
Net unrealized gain on derivatives .......... 16 (5) 11
Unrealized gain (loss) on investments:
Unrealized holding (loss) ........................ (17) 6 (11)
Net unrealized (loss) on investments ....... (17) 6 (11)
Retirement benefits adjustment:
Pensions
Net actuarial gain and prior
service credit ................................ 1,507 (552) 955
Reclassification through amortization
of actuarial (gain) loss and prior
service (credit) cost to net income:*
Actuarial loss ............................ 265 (101) 164
Prior service cost ...................... 12 (6) 6
Settlements/curtailments .......... 2 2
Health care and life insurance
Net actuarial gain and prior
service credit ................................ 1,167 (426) 741
Reclassification through amortization
of actuarial (gain) loss and prior
service (credit) cost to net income:*
Actuarial loss ............................ 141 (54) 87
Prior service (credit) .................. (8) 3 (5)
Net unrealized gain on retirement
benefits adjustment ........................... 3,086 (1,136) 1,950
Total other comprehensive income (loss) ..... $ 3,011 $ (1,132) $ 1,879
* These accumulated other comprehensive income amounts are included in net
periodic postretirement costs. See Note 7 for additional detail.
Before Tax After
Tax (Expense) Tax
Amount Credit Amount
2012
Cumulative translation adjustment .............. $ (272) $ 2 $ (270)
Unrealized gain (loss) on derivatives:
Unrealized hedging (loss) ....................... (61) 21 (40)
Reclassification of realized (gain) loss to:
Interest rate contracts –
Interest expense ........................... 16 (6) 10
Foreign exchange contracts –
Other operating expenses .............. 38 (13) 25
Net unrealized (loss) on derivatives ......... (7) 2 (5)
Unrealized gain (loss) on investments:
Unrealized holding gain .......................... 7 (2) 5
Net unrealized gain on investments ........ 7 (2) 5
Retirement benefits adjustment:
Pensions
Net actuarial (loss) and prior
service (cost) ................................ (1,004) 359 (645)
Reclassification through amortization
of actuarial (gain) loss and prior
service (credit) cost to net income:*
Actuarial loss ............................ 202 (73) 129
Prior service cost ...................... 47 (17) 30
Settlements/curtailments .......... 10 (2) 8
Health care and life insurance
Net actuarial (loss) and prior
service (cost) ................................ (337) 118 (219)
Reclassification through amortization
of actuarial (gain) loss and prior
service (credit) cost to net income:*
Actuarial loss ............................ 136 (54) 82
Prior service (credit) .................. (15) 6 (9)
Net unrealized (loss) on retirement
benefits adjustment ........................... (961) 337 (624)
Total other comprehensive income (loss) ..... $ (1,233) $ 339 $ (894)
* These accumulated other comprehensive income amounts are included in net
periodic postretirement costs. See Note 7 for additional detail.
The noncontrolling interests’ comprehensive income was
$1.3 million in 2014, $.4 million in 2013 and $6.6 million in
2012, which consisted of net income of $1.6 million in 2014,
$.3 million in 2013 and $6.9 million in 2012 and cumulative
translation adjustments of $(.3) million in 2014, $.1 million in
2013 and $(.3) million in 2012.