Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

v2.4.0.6
Accumulated Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Mar. 31, 2012
Equity [Abstract]  
Accumulated OCI
The table below presents the changes in accumulated OCI after-tax for the three months ended March 31, 2012, and 2011.

(Dollars in millions)
Available-for-sale Debt Securities
 
Available-for-sale
Marketable
Equity Securities
 
Derivatives
 
Employee
Benefit Plans
 
Foreign
Currency (1)
 
Total
Balance, December 31, 2010
$
714

 
$
6,659

 
$
(3,236
)
 
$
(3,947
)
 
$
(256
)
 
$
(66
)
Net change
(649
)
 
810

 
266

 
75

 
27

 
529

Balance, March 31, 2011
$
65

 
$
7,469

 
$
(2,970
)
 
$
(3,872
)
 
$
(229
)
 
$
463

 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2011
$
3,100

 
$
3

 
$
(3,785
)
 
$
(4,391
)
 
$
(364
)
 
$
(5,437
)
Net change
(938
)
 
14

 
382

 
952

 
31

 
441

Balance, March 31, 2012
$
2,162

 
$
17

 
$
(3,403
)
 
$
(3,439
)
 
$
(333
)
 
$
(4,996
)
(1) 
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.

The table below presents the before- and after-tax changes in accumulated OCI for the three months ended March 31, 2012, and 2011.

 
Three Months Ended March 31
 
2012
 
2011
(Dollars in millions)
Before-tax
 
Tax effect
 
After-tax
 
Before-tax
 
Tax effect
 
After-tax
Available-for-sale debt securities:
 
 
 
 
 
 
 
 
 
 
 
Net change in fair value recorded in accumulated OCI
$
(780
)
 
$
291

 
$
(489
)
 
$
(576
)
 
$
216

 
$
(360
)
Net realized (gains) losses reclassified into earnings
(712
)
 
263

 
(449
)
 
(458
)
 
169

 
(289
)
Net change
(1,492
)
 
554

 
(938
)
 
(1,034
)
 
385

 
(649
)
Available-for-sale marketable equity securities:
 
 
 
 
 
 
 
 
 
 
 
Net change in fair value recorded in accumulated OCI
25

 
(10
)
 
15

 
1,290

 
(469
)
 
821

Net realized (gains) losses reclassified into earnings
(2
)
 
1

 
(1
)
 
(18
)
 
7

 
(11
)
Net change
23

 
(9
)
 
14

 
1,272

 
(462
)
 
810

Derivatives:
 
 
 
 
 
 
 
 
 
 
 
Net change in fair value recorded in accumulated OCI
413

 
(153
)
 
260

 
94

 
(35
)
 
59

Net realized (gains) losses reclassified into earnings
194

 
(72
)
 
122

 
328

 
(121
)
 
207

Net change
607

 
(225
)
 
382

 
422

 
(156
)
 
266

Employee benefit plans:
 
 
 
 
 
 
 
 
 
 
 
Net realized (gains) losses reclassified into earnings
128

 
(46
)
 
82

 
119

 
(44
)
 
75

Settlements and curtailments
1,381

 
(511
)
 
870

 

 

 

Net change
1,509

 
(557
)
 
952

 
119

 
(44
)
 
75

Foreign currency:
 
 
 
 
 
 
 
 
 
 
 
Net change in fair value recorded in accumulated OCI
(256
)
 
287

 
31

 
(272
)
 
299

 
27

Net change
(256
)
 
287

 
31

 
(272
)
 
299

 
27

Other comprehensive income
$
391

 
$
50

 
$
441

 
$
507

 
$
22

 
$
529