US Bank 2014 Annual Report Download - page 117
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Shareholders’ equity is affected by transactions and valuations of asset and liability positions that require adjustments to
accumulated other comprehensive income (loss). The reconciliation of the transactions affecting accumulated other
comprehensive income (loss) included in shareholders’ equity for the years ended December 31, is as follows:
(Dollars in Millions)
Unrealized Gains
(Losses) on
Securities
Available-For-Sale
Unrealized Gains
(Losses) on
Securities
Transferred From
Available-For-Sale
to Held-To-Maturity
Unrealized Gains
(Losses) on
Derivative Hedges
Unrealized Gains
(Losses) on
Retirement Plans
Foreign Currency
Translation Total
2014
Balance at beginning of period ......... $ (77) $ 70 $(261) $ (743) $(60) $(1,071)
Changes in unrealized gains and
losses ............................ 764 – (41) (733) – (10)
Other-than-temporary impairment
not recognized in earnings on
securities available-for-sale ...... 1––––1
Foreign currency translation
adjustment ....................... – – – – (4) (4)
Reclassification to earnings of
realized gains and losses ......... (3) (30) 186 144 – 297
Applicable income taxes............. (293) 12 (56) 226 2 (109)
Balance at end of period ............... $ 392 $ 52 $(172) $(1,106) $(62) $ (896)
2013
Balance at beginning of period ......... $ 679 $107 $(404) $(1,265) $(40) $ (923)
Changes in unrealized gains and
losses ............................ (1,223) – 37 590 – (596)
Other-than-temporary impairment
not recognized in earnings on
securities available-for-sale ...... 8––––8
Foreign currency translation
adjustment ....................... – – – – (34) (34)
Reclassification to earnings of
realized gains and losses ......... (9) (59) 192 249 – 373
Applicable income taxes............. 468 22 (86) (317) 14 101
Balance at end of period ............... $ (77) $ 70 $(261) $ (743) $(60) $(1,071)
2012
Balance at beginning of period ......... $ 360 $ – $(489) $(1,022) $(49) $(1,200)
Changes in unrealized gains and
losses ............................ 715 – (74) (543) – 98
Other-than-temporary impairment
not recognized in earnings on
available-for-sale securities
securities available-for-sale ...... 12 – – – – 12
Transfer of securities from
available-for-sale to held-to-
maturity .......................... (224) 224 – – – –
Foreign currency translation
adjustment ....................... – – – – 14 14
Reclassification to earnings of
realized gains and losses ......... 15 (51) 211 150 – 325
Applicable income taxes............. (199) (66) (52) 150 (5) (172)
Balance at end of period ............... $ 679 $107 $(404) $(1,265) $(40) $ (923)
U.S. BANCORP The power of potential
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