| Accumulated OCI |
The table below presents the changes in accumulated OCI for the nine months ended September 30, 2011 and 2010, net-of-tax.
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(Dollars in millions) |
Available-for-
sale Debt
Securities
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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, 2009 |
$ |
(628 |
) |
|
$ |
2,129 |
|
|
$ |
(2,535 |
) |
|
$ |
(4,092 |
) |
|
$ |
(493 |
) |
|
$ |
(5,619 |
) |
Cumulative adjustment for accounting changes |
113 |
|
|
— |
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|
— |
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|
— |
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— |
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|
113 |
|
Net change in fair value recorded in accumulated OCI |
3,308 |
|
|
4,910 |
|
|
(1,765 |
) |
|
— |
|
|
(20 |
) |
|
6,433 |
|
Net realized (gains) losses reclassified into earnings |
(506 |
) |
|
(857 |
) |
|
326 |
|
|
188 |
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|
258 |
|
|
(591 |
) |
Balance, September 30, 2010 |
$ |
2,287 |
|
|
$ |
6,182 |
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|
$ |
(3,974 |
) |
|
$ |
(3,904 |
) |
|
$ |
(255 |
) |
|
$ |
336 |
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Balance, December 31, 2010 |
$ |
714 |
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|
$ |
6,659 |
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|
$ |
(3,236 |
) |
|
$ |
(3,947 |
) |
|
$ |
(256 |
) |
|
$ |
(66 |
) |
Net change in fair value recorded in accumulated OCI |
4,809 |
|
|
(2,681 |
) |
|
(1,682 |
) |
|
— |
|
|
20 |
|
|
466 |
|
Net realized (gains) losses reclassified into earnings |
(1,238 |
) |
|
(2,294 |
) |
|
852 |
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|
204 |
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|
5 |
|
|
(2,471 |
) |
Balance, September 30, 2011 |
$ |
4,285 |
|
|
$ |
1,684 |
|
|
$ |
(4,066 |
) |
|
$ |
(3,743 |
) |
|
$ |
(231 |
) |
|
$ |
(2,071 |
) |
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(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. |
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