Nucor 2015 Annual Report Download - page 74

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72
21. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
The following tables reflect the changes in accumulated other comprehensive (loss) income by component:
(in thousands)
Gains and Losses
on Hedging
Derivatives
Foreign Currency
Gain (Loss)
Adjustment to
Early Retiree
Medical Plan Total
December 31, 2014 $ (8,000) $ (148,968) $ 11,260 $ (145,708)
Other comprehensive
income (loss) before reclassifications (9,498) (205,397) 1,485 (213,410)
Amounts reclassified from accumulated other
comprehensive (loss) income into earnings(1) 5,798 2,700 (742) 7,756
Net current-period other
comprehensive (loss) income (3,700) (202,697) 743 (205,654)
December 31, 2015 $ (11,700) $ (351,665) $ 12,003 $ (351,362)
(1) Includes $5,798 and ($742) net-of-tax impact of accumulated other comprehensive income reclassifications into cost of products sold for net losses on commodity
contracts and adjustment to early retiree medical plan, respectively. The tax impacts of these reclassifications were $3,500 and ($414), respectively. Also includes
$2,700 of accumulated other comprehensive income reclassification into marketing, administrative and other expenses for net losses on translation. The tax impact
of the reclassification was $1,500.
(in thousands)
Gains and Losses
on Hedging
Derivatives
Foreign Currency
Gain (Loss)
Adjustment to
Early Retiree
Medical Plan Total
December 31, 2013 $ — $ (7,438) $ 16,518 $ 9,080
Other comprehensive
income (loss) before reclassifications (8,542) (141,530) (4,228) (154,300)
Amounts reclassified from accumulated other
comprehensive (loss) income into earnings(2) 542 — (1,030) (488)
Net current-period other
comprehensive (loss) income (8,000) (141,530) (5,258) (154,788)
December 31, 2014 $ (8,000) $ (148,968) $ 11,260 $ (145,708)
(2) Includes $542 and ($1,030) net-of-tax impact of accumulated other comprehensive income reclassifications into cost of products sold for net losses on commodity
contracts and adjustment to early retiree medical plan, respectively. The tax impacts of these reclassifications were $200 and ($557), respectively.