PRICE T ROWE GROUP INC | 2013 | FY | 3

NOTE 12
– OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME.

The following table presents the deferred tax benefits (income taxes) impact of the components (in millions) of other comprehensive income.
 
 
2011
 
2012
 
2013
Net deferred tax benefits (income taxes) on
 
 
 
 
 
Net unrealized holding gains or losses
$
16.1

 
$
(39.7
)
 
$
(57.8
)
Reclassification adjustment related to capital gain distributions
2.1

 
1.8

 
6.0

Reclassification adjustment on net gains or losses realized on dispositions in non-operating investment income
—

 
13.6

 
5.3

Reclassification adjustment for net unrealized holding gains derecognized upon the sale of savings bank subsidiary
—

 
—

 
.6

Net deferred tax benefits (income taxes) on net unrealized holding gains or losses recognized in other comprehensive income
18.2

 
(24.3
)
 
(45.9
)
Deferred tax benefits on currency translation adjustments
5.0

 
3.7

 
8.3

Total deferred tax benefits (income taxes)
$
23.2

 
$
(20.6
)
 
$
(37.6
)

The changes in accumulated other comprehensive income (in millions), by component, for each year ended December 31 are presented below.
 
2010
 
Other comprehensive loss, net of tax
 
2011
 
Other comprehensive income, net of tax
 
2012
 
Other comprehensive income, net of tax
 
2013
Net unrealized holding gains on
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments in sponsored funds
$
217.7

 
$
(45.5
)
 
$
172.2

 
$
60.1

 
$
232.3

 
$
120.9

 
$
353.2

Debt securities held by savings bank subsidiary
3.3

 
(.2
)
 
3.1

 
.1

 
3.2

 
(3.2
)
 
—

Proportionate share of investments held by UTI
—

 
.4

 
.4

 
.2

 
.6

 
—

 
.6

 
221.0

 
(45.3
)
 
175.7

 
60.4

 
236.1

 
117.7

 
353.8

Deferred income taxes
(85.5
)
 
18.2

 
(67.3
)
 
(24.3
)
 
(91.6
)
 
(45.9
)
 
(137.5
)
Net unrealized holding gains, net of taxes
135.5

 
(27.1
)
 
108.4

 
36.1

 
144.5

 
71.8

 
216.3

Currency translation adjustment, net of taxes
3.6

 
(9.2
)
 
(5.6
)
 
(7.0
)
 
(12.6
)
 
(15.4
)
 
(28.0
)
Accumulated other comprehensive income
$
139.1

 
$
(36.3
)
 
$
102.8

 
$
29.1

 
$
131.9

 
$
56.4

 
$
188.3



Other comprehensive income, net of tax, attributable to the net unrealized holding gains on our sponsored fund investments reflects net gains of $5.3 million in 2011, $39.8 million in 2012 and $28.8 million in 2013 that were reclassified to non-operating investment income upon the receipt of capital gain distributions as well as upon the sale of individual securities in 2012 and 2013. The income taxes related to these reclassifications were $2.1 million in 2011, $15.4 million in 2012 and $11.3 million in 2013 and were reclassified from accumulated other comprehensive income into our provision for income taxes. In 2013, following the sale of our savings bank subsidiary, we derecognized and reclassified $1.0 million in unrealized holding gains, including deferred taxes of $.6 million, related to the bank's debt security portfolio to non-operating investment income.

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