US Bank 2015 Annual Report Download - page 118
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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
2015
Balance at beginning of period .............. $ 392 $ 52 $(172) $(1,106) $(62) $ (896)
Changes in unrealized gains and losses ..... (457) – (25) (142) – (624)
Foreign currency translation adjustment(a) .... – – – – 20 20
Reclassification to earnings of realized gains
and losses .......................... – (25) 195 223 – 393
Applicable income taxes ................. 176 9 (65) (31) (1) 88
Balance at end of period ................... $ 111 $ 36 $ (67) $(1,056) $(43) $(1,019)
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(a) .... – – – – (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(a) .... – – – – (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)
(a) Represents the impact of changes in foreign currency exchange rates on the Company’s investment in foreign operations and related hedges.
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