Twenty-First Century Fox 2014 Annual Report Download - page 117

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TWENTY-FIRST CENTURY FOX, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
111
Stockholder Rights Agreement
During fiscal 2013, the Board adopted a stockholder rights agreement. Each right entitled the holder to
purchase from the Company one one-thousandth of a share of Series A Junior Participating Preferred Stock upon the
occurrence of certain triggering events. The rights never became exercisable and expired on May 24, 2014.
Accumulated Other Comprehensive (Loss) Income
The following table summarizes the components of Accumulated other comprehensive (loss) income as
follows:
As of June 30,
2014 2013 2012
(in millions)
Foreign currency translation adjustments .......................................................... $ 430 $ (46 ) $ 871
Unrealized holding gains on securities .............................................................. 67 151 199
Benefit plan adjustments ................................................................................... (531 ) (424 ) (1,048)
Accumulated other comprehensive (loss) income, net of tax ............................ $ (34 ) $ (319 ) $ 22
Other Comprehensive Income (Loss)
Comprehensive income is reported in the Consolidated Statements of Comprehensive Income and consists of
Net income and other gains and losses, including foreign currency translation adjustments, unrealized holding gains
and losses on securities, and benefit plan adjustments, which affect shareholders’ equity, and under GAAP, are
excluded from Net income.
The following table summarizes the activity within Other comprehensive income (loss):
For the year ended June 30, 2014
Before tax
Tax
(provision)
benefit Net of tax
(in millions)
Foreign currency translation adjustments
Unrealized gains ........................................................................................... $ 664 $ (74 ) $ 590
Amount reclassified on hedging activity(a) ................................................... 14 (6 ) 8
Other comprehensive income(b) .................................................................... $ 678 $ (80 ) $ 598
Gains and losses on securities
Unrealized gains ........................................................................................... $ 71 $ (25 ) $ 46
Amount reclassified on sale of Phoenix(c) .................................................... (200 ) 70 (130)
Other comprehensive loss ............................................................................ $ (129 ) $ 45 $ (84)
Benefit plan adjustments
Unrealized losses .......................................................................................... $ (210 ) $ 75 $ (135)
Reclassification adjustments realized in net income(d) ................................. 45 (17 ) 28
Other comprehensive loss ............................................................................ $ (165 ) $ 58 $ (107)