9.Other Comprehensive Earnings
Components of other comprehensive earnings consist of the following:
|
Year Ended December 31, |
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|
2013 |
2012 |
2011 |
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|
(In millions) |
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|
Foreign currency translation: |
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|
Beginning accumulated foreign currency translation |
$ |
1,996 |
$ |
1,802 |
$ |
1,993 | |||
|
Change in cumulative translation adjustment |
(574) | 203 | (200) | ||||||
|
Income tax benefit (expense) |
26 | (9) | 9 | ||||||
|
Ending accumulated foreign currency translation |
1,448 | 1,996 | 1,802 | ||||||
|
Pension and postretirement benefit plans: |
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|
Beginning accumulated pension and postretirement benefits |
(225) | (227) | (233) | ||||||
|
Net actuarial gain (loss) and prior service cost arising in current year |
48 | (47) | (21) | ||||||
|
Recognition of net actuarial loss and prior service cost in earnings (1) |
24 | 51 | 30 | ||||||
|
Income tax expense |
(27) | (2) | (3) | ||||||
|
Ending accumulated pension and postretirement benefits |
(180) | (225) | (227) | ||||||
|
Accumulated other comprehensive earnings, net of tax |
$ |
1,268 |
$ |
1,771 |
$ |
1,575 | |||
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|
(1) |
These accumulated other comprehensive earnings components are included in the computation of net periodic benefit cost, which is a component of general and administrative expenses on the accompanying comprehensive statements of earnings (see “Retirement Plans” note for additional details). |