Components of other comprehensive income (loss) | |||||||||||||||||||||||||||||
Year ended | |||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec 31, 2012 | Dec. 31, 2011 | |||||||||||||||||||||||||||
(in millions) | Pre-tax amount | Tax (expense) benefit | After-tax amount | Pre-tax amount | Tax (expense) benefit | After-tax amount | Pre-tax amount | Tax (expense) benefit | After-tax amount | ||||||||||||||||||||
Foreign currency translation: | |||||||||||||||||||||||||||||
Foreign currency translation adjustments arising during the period | $ | 130 | $ | 62 | $ | 192 | $ | 80 | $ | 50 | $ | 130 | $ | (184 | ) | $ | (11 | ) | $ | (195 | ) | ||||||||
Total foreign currency translation | 130 | 62 | 192 | 80 | 50 | 130 | (184 | ) | (11 | ) | (195 | ) | |||||||||||||||||
Unrealized gain (loss) on assets available-for-sale: | |||||||||||||||||||||||||||||
Unrealized gain (loss) arising during period | (1,466 | ) | 577 | (889 | ) | 1,611 | (604 | ) | 1,007 | 483 | (177 | ) | 306 | ||||||||||||||||
Reclassification adjustment (a) | (129 | ) | 55 | (74 | ) | (162 | ) | 56 | (106 | ) | (48 | ) | 22 | (26 | ) | ||||||||||||||
Net unrealized gain (loss) on assets available-for-sale | (1,595 | ) | 632 | (963 | ) | 1,449 | (548 | ) | 901 | 435 | (155 | ) | 280 | ||||||||||||||||
Defined benefit plans: | |||||||||||||||||||||||||||||
Prior service cost arising during the period | (2 | ) | 1 | (1 | ) | 98 | (41 | ) | 57 | — | — | — | |||||||||||||||||
Net (gain) loss arising during the period | 732 | (303 | ) | 429 | (298 | ) | 108 | (190 | ) | (741 | ) | 298 | (443 | ) | |||||||||||||||
Foreign exchange adjustment | — | — | — | — | — | — | (4 | ) | 1 | (3 | ) | ||||||||||||||||||
Amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost (a) | 209 | (83 | ) | 126 | 173 | (69 | ) | 104 | 114 | (45 | ) | 69 | |||||||||||||||||
Total defined benefit plans | 939 | (385 | ) | 554 | (27 | ) | (2 | ) | (29 | ) | (631 | ) | 254 | (377 | ) | ||||||||||||||
Unrealized gain (loss) on cash flow hedges: | |||||||||||||||||||||||||||||
Unrealized hedge gain (loss) arising during period | 136 | (54 | ) | 82 | 242 | (99 | ) | 143 | (640 | ) | 214 | (426 | ) | ||||||||||||||||
Reclassification adjustment (a) | (124 | ) | 51 | (73 | ) | (239 | ) | 97 | (142 | ) | 643 | (214 | ) | 429 | |||||||||||||||
Net unrealized gain (loss) on cash flow hedges | 12 | (3 | ) | 9 | 3 | (2 | ) | 1 | 3 | — | 3 | ||||||||||||||||||
Total other comprehensive income (loss) | $ | (514 | ) | $ | 306 | $ | (208 | ) | $ | 1,505 | $ | (502 | ) | $ | 1,003 | $ | (377 | ) | $ | 88 | $ | (289 | ) | ||||||
(a) | The reclassification adjustment related to the unrealized gain (loss) on assets available-for-sale is recorded as net securities gains on the Consolidated Income Statement. The amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost is recorded as staff expense on the Consolidated Income Statement. See Note 23 of the Notes to Consolidated Financial Statements for the location of the reclassification adjustment related to cash flow hedges on the Consolidated Income Statement. |
Changes in accumulated other comprehensive income (loss) attributable to The Bank of New York Mellon Corporation shareholders | ||||||||||||||||||
ASC 820 Adjustments | Unrealized gain (loss) on assets available-for-sale | Unrealized gain (loss) on cash flow hedges | Total accumulated other comprehensive income (loss), net of tax | |||||||||||||||
(in millions) | Foreign currency translation | Pensions | Other post-retirement benefits | |||||||||||||||
2010 ending balance | $ | (473 | ) | $ | (993 | ) | $ | (55 | ) | $ | 170 | $ | (4 | ) | $ | (1,355 | ) | |
Change in 2011 | (178 | ) | (336 | ) | (41 | ) | 280 | 3 | (272 | ) | ||||||||
2011 ending balance | $ | (651 | ) | $ | (1,329 | ) | $ | (96 | ) | $ | 450 | $ | (1 | ) | $ | (1,627 | ) | |
Change in 2012 | 112 | (65 | ) | 36 | 900 | 1 | 984 | |||||||||||
2012 ending balance | $ | (539 | ) | $ | (1,394 | ) | $ | (60 | ) | $ | 1,350 | $ | — | $ | (643 | ) | ||
Change in 2013 | 151 | 554 | — | (963 | ) | 9 | (249 | ) | ||||||||||
2013 ending balance | $ | (388 | ) | $ | (840 | ) | $ | (60 | ) | $ | 387 | $ | 9 | $ | (892 | ) | ||