Waste Management 2013 Annual Report Download - page 213

WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
14. Accumulated Other Comprehensive Income
The changes in the balances of each component of accumulated other comprehensive income, net of tax,
which is included as a component of Waste Management, Inc. stockholders’ equity, are as follows (in millions,
with amounts in parentheses representing debits to accumulated other comprehensive income):
Gains and
Losses on
Derivative
Instruments
Unrealized
Gains and
Losses on
Available-
for-Sale
Securities
Foreign
Currency
Translation
Adjustments
Post-
Retirement
Benefit
Plans Total
Balance, December 31, 2010 ..................... $(33) $ 5 $261 $ (3) $230
Other comprehensive income (loss) before
reclassifications ............................ (30) (3) (18) (8) (59)
Amounts reclassified from accumulated other
comprehensive income ...................... 1 — — — 1
Net current period other comprehensive income
(loss) ...................................... (29) (3) (18) (8) (58)
Balance, December 31, 2011 ..................... $(62) $ 2 $243 $(11) $172
Other comprehensive income (loss) before
reclassifications ............................ (22) 2 33 (2) 11
Amounts reclassified from accumulated other
comprehensive income ...................... 10 — — — 10
Net current period other comprehensive income
(loss) ...................................... (12) 2 33 (2) 21
Balance, December 31, 2012 ..................... $(74) $ 4 $276 $(13) $193
Other comprehensive income (loss) before
reclassifications ............................ 14 2 (68) 15 (37)
Amounts reclassified from accumulated other
comprehensive income ...................... (2) — — — (2)
Net current period other comprehensive income
(loss) ...................................... 12 2 (68) 15 (39)
Balance, December 31, 2013 ..................... $(62) $ 6 $208 $ 2 $154
The amounts of other comprehensive income (loss) before reclassifications associated with our cash flow
derivative instruments are as follows (in millions):
Amount of Derivative Gain (Loss) Recognized in OCI
(Effective Portion)
Years Ended December 31,
Derivatives Designated as Cash Flow Hedges 2013 2012 2011
Forward-starting interest rate swaps ............... $14 $(27) $(59)
Foreign currency derivatives ..................... 17 (9) 1
Electricity commodity derivatives ................. (8) — 8
Total before tax ............................. 23 (36) (50)
Tax (expense) benefit ......................... (9) 14 20
Netoftax .................................. $14 $(22) $(30)
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