CATERPILLAR INC | 2013 | FY | 3

Accumulated other comprehensive income (loss)

Comprehensive income and its components are presented in Statement 2. Changes in Accumulated other comprehensive income (loss), net of tax, included in Statement 4, consisted of the following:
 
 
 
 
 
 
 
 
 
 
 
(Millions of dollars)
 
Foreign currency translation
 
Pension and other postretirement benefits
 
Derivative financial instruments
 
Available-for-sale securities
 
Total
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2011
 
$
206

 
$
(6,568
)
 
$
(10
)
 
$
44

 
$
(6,328
)
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2012 1
 
$
456

 
$
(6,914
)
 
$
(42
)
 
$
67

 
$
(6,433
)
Other comprehensive income (loss) before reclassifications
 
(280
)
 
2,280

 
(4
)
 
29

 
2,025

Amounts reclassified from accumulated other comprehensive (income) loss
 
—

 
482

 
41

 
(13
)
 
510

Other comprehensive income (loss)
 
(280
)
 
2,762

 
37

 
16

 
2,535

Balance at December 31, 2013
 
$
176

 
$
(4,152
)
 
$
(5
)
 
$
83

 
$
(3,898
)
    
1 
In conjunction with the Cat Japan share redemption, to reflect the increase in our ownership interest in Cat Japan from 67 percent to 100 percent, $107 million was reclassified to Accumulated other comprehensive income (loss) from other components of stockholders' equity and was not included in Comprehensive income during the second quarter of 2012. The amount was comprised of foreign currency translation of $167 million, pension and other postretirement benefits of $(61) million and available-for-sale securities of $1 million.
 
 
 
 
 

The effect of the reclassifications out of Accumulated other comprehensive income (loss) on Statement 1 is as follows:
 
 
 
 
 
 
(Millions of dollars)
 
Classification of income (expense)
 
Year ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension and other postretirement benefits:
 
 
 
 
 
Amortization of actuarial gain (loss)
 
Note 12 1
 
$
(781
)
 
Amortization of prior service credit (cost)
 
Note 12 1
 
54

 
Amortization of transition asset (obligation)
 
Note 12 1
 
(2
)
 
Reclassifications before tax
 
(729
)
 
Tax (provision) benefit
 
247

 
Reclassifications net of tax
 
$
(482
)
 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
Foreign exchange contracts
 
Other income (expense)
 
$
(57
)
 
Interest rate contracts
 
Other income (expense)
 
(3
)
 
Interest rate contracts
 
Interest expense of Financial Products
 
(6
)
 
Reclassifications before tax
 
(66
)
 
Tax (provision) benefit
 
25

 
Reclassifications net of tax
 
$
(41
)
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
Realized gain (loss) on sale of securities
 
Other income (expense)
 
$
19

 
Tax (provision) benefit
 
(6
)
 
Reclassifications net of tax
 
$
13

 
 
 
 
 
 
 
Total reclassifications from Accumulated other comprehensive income (loss)
 
$
(510
)
 

1    Amounts are included in the calculation of net periodic benefit cost. See Note 12 for additional information.
 
 
 
 
 

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