ALLEGHENY TECHNOLOGIES INC | 2013 | FY | 3

Accumulated Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) (AOCI) by component, net of tax, for the fiscal year ended December 31, 2013 was as follows (in millions):
 
 
Post-
retirement
benefit plans
 
Currency
translation
adjustment
 
Unrealized
holding gains
on securities
 
Derivatives
 
Total
Attributable to ATI:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2012
$
(1,030.0
)
 
$
3.4

 
$
(0.1
)
 
$
(2.7
)
 
$
(1,029.4
)
OCI before reclassifications
 
241.1

 
 
10.4

 
 
0.1

 
 
(15.5
)
 
236.1

Amounts reclassified from AOCI
(a)
70.0

 
(b)
1.5

 
(c)
—

 
(d)
8.6

 
80.1

Net current-period OCI
 
311.1

 
 
11.9

 
 
0.1

 
 
(6.9
)
 
316.2

Balance, December 31, 2013
$
(718.9
)
 
$
15.3

 
$
—

 
$
(9.6
)
 
$
(713.2
)
Attributable to noncontrolling interests:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2012
$
—

 
$
23.7

 
$
—

 
$
—

 
$
23.7

OCI before reclassifications
 
—

 
 
3.4

 
 
—

 
 
—

 
3.4

Amounts reclassified from AOCI
 
—

 
(c)
—

 
 
—

 
 
—

 
—

Net current-period OCI
 
—

 
 
3.4

 
 
—

 
 
—

 
3.4

Balance, December 31, 2013
$
—

 
$
27.1

 
$
—

 
$
—

 
$
27.1

 
(a)
Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 10).
(b)
Amount was included in discontinued operations as part of the gain on sale of the tungsten materials business (see Note 2).
(c)
No amounts were reclassified to earnings.
(d)
Amounts were included in cost of goods sold in the period or periods the hedged item affects earnings (see Note 8).
Other comprehensive income (loss) amounts are net of applicable income tax expense (benefit) for each year presented. Foreign currency translation adjustments, including those pertaining to noncontrolling interests, are generally not adjusted for income taxes as they relate to indefinite investments in non-U.S. subsidiaries.
Reclassifications out of AOCI for the fiscal year ended December 31, 2013 was as follows:
 
 
 
Amount reclassified from AOCI (c)
 
 
 
Fiscal year ended
 
 
 
 
Details about AOCI Components
(in millions)
 
December 31, 2013
 
 
 
Affected line item in the
statement of operations
Postretirement benefit plans
 
 

 
  
 
 
Prior service credit
 
$
15.2

 
(a) 
 
 
Actuarial losses
 
(129.0
)
 
(a) 
 
 
 
 
(113.8
)
 
(d) 
 
Total before tax
 
 
(43.8
)
 
 
 
Tax provision (benefit)
 
 
$
(70.0
)
 
 
 
Net of tax
 
 
 
 
 
 
 
Currency translation adjustment
 
 
 
 
 
 
Tungsten materials sale
 
$
(1.5
)
 
(b) , (d)
 
Discontinued operations
 
 
 
 
 
 
 
Derivatives
 
 
 
 
 
 
Nickel and other raw material contracts
 
$
(8.8
)
 
(c) 
 
 
Natural gas contracts
 
(3.8
)
 
(c) 
 
 
Electricity contracts
 
(0.3
)
 
(c) 
 
 
Foreign exchange contracts
 
(1.1
)
 
(c) 
 
 
 
 
(14.0
)
 
(d) 
 
Total before tax
 
 
(5.4
)
 
 
 
Tax provision (benefit)
 
 
$
(8.6
)
 
 
 
Net of tax
 
(a)
Amounts are included in the computation of pension and other postretirement benefit expense, which is reported in both cost of goods sold and selling and administrative expenses. For additional information, see Note 10.
(b)
Amount is included in discontinued operations as part of the gain on sale of the tungsten materials business (see Note 2).
(c)
Amounts are included in cost of goods sold in the period or periods the hedged item affects earnings. For additional information, see Note 8.
(d)
For pretax items, positive amounts are income and negative amounts are expense in terms of the impact to net income. Tax effects are presented in conformity with ATI’s presentation in the consolidated statements of operations.

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