| Accumulated OCI |
The table below presents the changes in accumulated OCI after-tax for the nine months ended September 30, 2012 and 2011.
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(Dollars in millions) |
Available-for-sale Debt Securities |
|
Available-for-sale
Marketable
Equity Securities
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|
Derivatives |
|
Employee
Benefit Plans
|
|
Foreign
Currency (1)
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|
Total |
Balance, December 31, 2010 |
$ |
714 |
|
|
$ |
6,659 |
|
|
$ |
(3,236 |
) |
|
$ |
(3,947 |
) |
|
$ |
(256 |
) |
|
$ |
(66 |
) |
Net change |
3,571 |
|
|
(4,975 |
) |
|
(830 |
) |
|
204 |
|
|
25 |
|
|
(2,005 |
) |
Balance, September 30, 2011 |
$ |
4,285 |
|
|
$ |
1,684 |
|
|
$ |
(4,066 |
) |
|
$ |
(3,743 |
) |
|
$ |
(231 |
) |
|
$ |
(2,071 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2011 |
$ |
3,100 |
|
|
$ |
3 |
|
|
$ |
(3,785 |
) |
|
$ |
(4,391 |
) |
|
$ |
(364 |
) |
|
$ |
(5,437 |
) |
Net change (2)
|
2,645 |
|
|
326 |
|
|
535 |
|
|
1,106 |
|
|
14 |
|
|
4,626 |
|
Balance, September 30, 2012 |
$ |
5,745 |
|
|
$ |
329 |
|
|
$ |
(3,250 |
) |
|
$ |
(3,285 |
) |
|
$ |
(350 |
) |
|
$ |
(811 |
) |
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|
(1) |
Net change in fair value represents the impact of changes in spot foreign exchange rates on the Corporation’s net investment in non-U.S. operations and related hedges. |
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(2) |
As a result of freezing the Qualified Pension Plans, a curtailment was triggered and a remeasurement of the qualified pension obligations and plan assets occurred as of January 24, 2012 resulting in the current period net change. For more information, see Note 14 – Pension, Postretirement and Certain Compensation Plans.
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The table below presents the before- and after-tax changes in accumulated OCI for the nine months ended September 30, 2012 and 2011
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