Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

v2.4.0.6
Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2011
Accumulated Other Comprehensive Income [Abstract]  
Accumulated OCI
The table below presents the changes in accumulated OCI in 2009, 2010 and 2011, net-of-tax.
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
Available-for-
Sale Debt
Securities
 
Available-for-
Sale Marketable
Equity Securities
 
Derivatives
 
Employee
Benefit Plans (1)
 
Foreign
Currency (2)
 
Total
Balance, December 31, 2008
$
(5,956
)
 
$
3,935

 
$
(3,458
)
 
$
(4,642
)
 
$
(704
)
 
$
(10,825
)
Cumulative adjustment for accounting change – OTTI (3)
(71
)
 

 

 

 

 
(71
)
Net change in fair value recorded in accumulated OCI
6,364

 
2,651

 
153

 
318

 
211

 
9,697

Net realized (gains) losses reclassified into earnings
(965
)
 
(4,457
)
 
770

 
232

 

 
(4,420
)
Balance, December 31, 2009
$
(628
)
 
$
2,129

 
$
(2,535
)
 
$
(4,092
)
 
$
(493
)
 
$
(5,619
)
Cumulative adjustments for accounting changes: (3)
 

 
 

 
 

 
 

 
 

 
 

Consolidation of certain variable interest entities
(116
)
 

 

 

 

 
(116
)
Credit-related notes
229

 

 

 

 

 
229

Net change in fair value recorded in accumulated OCI
2,210

 
5,657

 
(1,108
)
 
(104
)
 
(44
)
 
6,611

Net realized (gains) losses reclassified into earnings
(981
)
 
(1,127
)
 
407

 
249

 
281

 
(1,171
)
Balance, December 31, 2010
$
714

 
$
6,659

 
$
(3,236
)
 
$
(3,947
)
 
$
(256
)
 
$
(66
)
Net change in fair value recorded in accumulated OCI
4,331

 
(2,539
)
 
(1,567
)
 
(714
)
 
(34
)
 
(523
)
Net realized (gains) losses reclassified into earnings
(1,945
)
 
(4,117
)
 
1,018

 
270

 
(74
)
 
(4,848
)
Balance, December 31, 2011
$
3,100

 
$
3

 
$
(3,785
)
 
$
(4,391
)
 
$
(364
)
 
$
(5,437
)
(1) 
Net change in fair value represents after-tax adjustments based on the final year-end actuarial valuations. For more information on employee benefit plans, see Note 19 – Employee Benefit Plans.
(2) 
Net change in fair value represents only the impact of changes in spot foreign exchange rates on the Corporation’s net investment in non-U.S. operations and related hedges.
(3) 
For additional information on the adoption of new accounting guidance, see Note 1 – Summary of Significant Accounting Principles and Note 5 – Securities.
Pre-tax amounts included in accumulated OCI for employee benefit plans at December 31, 2011 and 2010 are presented in the table below.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pre-tax Amounts included in Accumulated OCI
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Qualified
Pension Plans
 
Non-U.S.
Pension Plans
 
Nonqualified
and Other
Pension Plans
 
Postretirement
Health and
Life Plans
 
Total
(Dollars in millions)
2011
 
2010
 
2011
 
2010
 
2011
 
2010
 
2011
 
2010
 
2011
 
2010
Net actuarial (gain) loss
$
6,743

 
$
5,461

 
$
(212
)
 
$
(20
)
 
$
409

 
$
656

 
$
(59
)
 
$
(27
)
 
$
6,881

 
$
6,070

Transition obligation

 

 

 

 

 

 
32

 
63

 
32

 
63

Prior service cost (credits)
67

 
98

 
3

 
1

 
(7
)
 
(15
)
 
33

 
58

 
96

 
142

Amounts recognized in accumulated OCI
$
6,810

 
$
5,559

 
$
(209
)
 
$
(19
)
 
$
402

 
$
641

 
$
6

 
$
94

 
$
7,009

 
$
6,275