Windstream 2013 Annual Report Download - page 210
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-74
11. Accumulated Other Comprehensive Income:
Accumulated other comprehensive income balances, net of tax, were as follows for the years ended December 31:
(Millions) 2013 2012 2011
Pension and postretirement plans $ 26.4 $ 43.9 $ 54.7
Unrealized holding gains (losses) on interest rate swaps
Designated portion 17.4 (9.1)(16.6)
De-designated portion (15.3)(28.4)(36.2)
Accumulated other comprehensive income $ 28.5 $ 6.4 $ 1.9
Changes in accumulated other comprehensive income balances, net of tax, were as follows:
(Millions)
Gains (Losses)
on Interest
Rate Swaps
Pension and
Postretirement
Plans Total
Balance at December 31, 2012 $ (37.5) $ 43.9 $ 6.4
Other comprehensive income before reclassifications 17.4 6.6 24.0
Amounts reclassified from other accumulated comprehensive income (a) 22.2 (24.1)(1.9)
Balance at December 31, 2013 $ 2.1 $ 26.4 $ 28.5
(a) See separate table below for details about these reclassifications.
Reclassifications out of accumulated other comprehensive income were as follows for the year ended December 31, 2013:
Details about Accumulated Other
Comprehensive Income Components
(Millions)
Amount
Reclassified from
Accumulated Other
Comprehensive
Income
Affected Line Item in the
Consolidated Statements
of Income
Losses on interest rate swaps:
Amortization of unrealized losses on
de-designated interest rate swaps $ 35.9 Interest expense
35.9 Income from continuing
operations before income taxes
(13.7) Income taxes
22.2 Net income
Pension and postretirement plans:
Plan curtailments (31.8) (a)
Amortization of net actuarial loss 1.7 (a)
Amortization of prior service credits (8.7) (a)
(38.8)Income from continuing
operations before income taxes
14.7 Income taxes
(24.1) Net income
Total reclassifications for the period,
net of tax $ (1.9) Net income
(a) These accumulated other comprehensive income components are included in the computation of net periodic benefit
(income) expense. See Note 8 for additional details.