Edwards Lifesciences Corp | 2013 | FY | 3


13.    ACCUMULATED OTHER COMPREHENSIVE LOSS

        Presented below is a summary of activity for each component of "Accumulated Other Comprehensive Loss" for the years ended December 31, 2013, 2012 and 2011. Foreign currency translation adjustments are generally not adjusted for income taxes as they relate to indefinite investments in non-United States subsidiaries.

 
  Foreign
Currency
Translation
Adjustments
  Unrealized Gain
(Loss) on Cash
Flow Hedges
  Unrealized Gain
(Loss) on
Available-for-Sale
Investments
  Unrealized
Pension
Costs(a)
  Total
Accumulated
Other
Comprehensive
Loss
 
 
  (in millions)
 

December 31, 2010

  $ (24.8 ) $ (10.9 ) $ 2.2   $ (8.6 ) $ (42.1 )

Other comprehensive loss before reclassifications          

    (5.2 )   (1.6 )   (0.7 )   (6.9 )   (14.4 )

Amounts reclassified from accumulated other comprehensive loss

        29.0     (1.6 )   0.3     27.7  

Deferred income tax (expense) benefit

        (10.6 )   1.2     0.7     (8.7 )
                       

December 31, 2011

    (30.0 )   5.9     1.1     (14.5 )   (37.5 )

Other comprehensive income (loss) before reclassifications          

    4.2     13.7     0.1     (7.8 )   10.2  

Amounts reclassified from accumulated other comprehensive loss

        (12.2 )   0.3     0.6     (11.3 )

Deferred income tax (expense) benefit

        (0.4 )   (0.1 )   1.2     0.7  
                       

December 31, 2012

    (25.8 )   7.0     1.4     (20.5 )   (37.9 )

Other comprehensive income (loss) before reclassifications          

    5.6     16.3     (1.2 )   9.9     30.6  

Amounts reclassified from accumulated other comprehensive loss

          (21.5 )         1.0     (20.5 )

Deferred income tax benefit (expense)

        1.7     0.1     (1.6 )   0.2  
                       

December 31, 2013

  $ (20.2 ) $ 3.5   $ 0.3   $ (11.2 ) $ (27.6 )
                       
                       

(a)
For the years ended December 31, 2013, 2012 and 2011, the change in unrealized pension costs consisted of the following (in millions):

 
  Pre-Tax
Amount
  Tax Benefit
(Expense)
  Net of Tax
Amount
 

 

2013
                   

Prior service cost arising during period

  $   $   $  

Amortization of prior service credit

    (0.3 )       (0.3 )
               

Net prior service cost arising during period

    (0.3 )       (0.3 )

Net transition obligation amortized during period

             

Net actuarial gain arising during period

    11.2     (1.6 )   9.6  
               

Unrealized pension costs, net

  $ 10.9   $ (1.6 ) $ 9.3  
               
               

 

2012
         
 
   
 
 

Prior service cost arising during period

  $ (0.2 ) $   $ (0.2 )

Amortization of prior service credit

    (0.3 )       (0.3 )
               

Net prior service cost arising during period

    (0.5 )       (0.5 )

Net transition obligation amortized during period

    0.1         0.1  

Net actuarial loss arising during period

    (6.8 )   1.2     (5.6 )
               

Unrealized pension costs, net

  $ (7.2 ) $ 1.2   $ (6.0 )
               
               

 

2011
         
 
   
 
 

Prior service credit arising during period

  $ 0.1   $   $ 0.1  

Amortization of prior service credit

    (0.4 )   0.1     (0.3 )
               

Net prior service cost arising during period

    (0.3 )   0.1     (0.2 )

Net transition obligation amortized during period

    0.1         0.1  

Net actuarial loss arising during period

    (6.4 )   0.6     (5.8 )
               

Unrealized pension costs, net

  $ (6.6 ) $ 0.7   $ (5.9 )
               
               

        The following table provides information about amounts reclassified from "Accumulated Other Comprehensive Loss" (in millions):

Details about Accumulated Other Comprehensive Loss
Components
  Year Ended
December 31,
2013
  Affected Line on Consolidated
Statements of Operations

Gain on cash flow hedges

  $ 21.5   Cost of goods sold

 

    (8.4 ) Provision for income taxes
         

  $ 13.1   Net of tax
         

Amortization of pension adjustments

  $ (1.0 ) (a)

    0.2   Provision for income taxes
         

 

  $ (0.8 ) Net of tax
         
         

(a)
This item is included in the components of net periodic benefit costs. See Note 11 for additional information.

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