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29. Other comprehensive income (loss)

Other comprehensive income (loss) comprises all amounts recognized directly in equity (net of tax) resulting from the currency translation of foreign subsidiaries’ financial statements and the effects of measuring financial instruments at their fair value as well as the change in benefit obligation.

Changes in the components of other comprehensive income (loss) in 2012 and 2011 were as follows:


€ in millions Amount before taxes Tax effect Total before noncontrolling interest after taxes Noncontrolling interest Total after taxes
Cash flow hedges -26 5 -21 -33 -54
Change in unrealized gains/losses -35 9 -26 -34 -60
Realized gains/losses due to reclassifications 9 -4 5 1 6
Change of fair value of available for sale financial assets -8 - -8 - -8
Foreign currency translation -13 35 22 53 75
Actuarial losses on defined benefit pension plans -22 8 -14 -27 -41
Total changes 2011 -69 48 -21 -7 -28
Cash flow hedges 28 -5 23 -1 22
Change in unrealized gains/losses 15 -4 11 -8 3
Realized gains/losses due to reclassifications 13 -1 12 7 19
Change of fair value of available for sale financial assets -9 - -9 - -9
Foreign currency translation -82 2 -80 -82 -162
Actuarial losses on defined benefit pension plans -106 30 -76 -36 -112
Total changes 2012 -169 27 -142 -119 -261

€ in millions Amount before taxes Tax effect Total before noncontrolling interest after taxes Noncontrolling interest Total after taxes
Cash flow hedges -26 5 -21 -33 -54
Change in unrealized gains/losses -35 9 -26 -34 -60
Realized gains/losses due to reclassifications 9 -4 5 1 6
Change of fair value of available for sale financial assets -8 - -8 - -8
Foreign currency translation -13 35 22 53 75
Actuarial losses on defined benefit pension plans -22 8 -14 -27 -41
Total changes 2011 -69 48 -21 -7 -28
Cash flow hedges 28 -5 23 -1 22
Change in unrealized gains/losses 15 -4 11 -8 3
Realized gains/losses due to reclassifications 13 -1 12 7 19
Change of fair value of available for sale financial assets -9 - -9 - -9
Foreign currency translation -82 2 -80 -82 -162
Actuarial losses on defined benefit pension plans -106 30 -76 -36 -112
Total changes 2012 -169 27 -142 -119 -261

Changes in accumulated other comprehensive income (loss) net of tax by component in 2012 and 2011 were as follows:


€ in millions Gains/losses on cash flow hedges Change of fair value of available for sale financial assets Foreign currency translation Pension obligations Total, before noncontrolling interest Noncontrolling interest Total
Balance December 31, 2010 -124 - 226 -67 35 139 174
Other comprehensive income before reclassifications -26 -8 22 -17 -29 -11 -40
Amounts reclassified from accumulated other comprehensive income 5 0 - 3 8 4 12
Net current-period other comprehensive income -21 -8 22 -14 -21 -7 -28
Balance December 31, 2011 -145 -8 248 -81 14 132 146
Other comprehensive income before reclassifications 11 -9 -80 -83 -161 -232 -293
Amounts reclassified from accumulated other comprehensive income 12 0 - 7 19 13 32
Net current-period other comprehensive income 23 -9 -80 -76 -142 -119 -261
Balance December 31, 2012 -122 -17 168 -157 -128 13 -115

€ in millions Gains/losses on cash flow hedges Change of fair value of available for sale financial assets Foreign currency translation Pension obligations Total, before noncontrolling interest Noncontrolling interest Total
Balance December 31, 2010 -124 - 226 -67 35 139 174
Other comprehensive income before reclassifications -26 -8 22 -17 -29 -11 -40
Amounts reclassified from accumulated other comprehensive income 5 0 - 3 8 4 12
Net current-period other comprehensive income -21 -8 22 -14 -21 -7 -28
Balance December 31, 2011 -145 -8 248 -81 14 132 146
Other comprehensive income before reclassifications 11 -9 -80 -83 -161 -232 -293
Amounts reclassified from accumulated other comprehensive income 12 0 - 7 19 13 32
Net current-period other comprehensive income 23 -9 -80 -76 -142 -119 -261
Balance December 31, 2012 -122 -17 168 -157 -128 13 -115

Reclassifications out of accumulated other comprehensive income (loss) in 2012 and 2011 were as follows:

  Amount of gain or loss reclassified from accumulated other comprehensive (income) loss  
€ in millions 2012 2011 Affected line item in the consolidated statement of income
1 Net periodic benefit cost is allocated as personnel expense within cost of sales or selling, general and administrative expenses as well as research and development expenses.
Details about accumulated other comprehensive (income) loss components      
Gains/losses on cash flow hedges      
Interest rate contracts 29 14 Interest income/expense
Foreign exchange contracts -4 -3 Cost of sales
Foreign exchange contracts -3 -1 Selling, general and administrative expenses
Foreign exchange contracts - 0 Interest income/expense
Total before tax 22 10  
Tax expense or benefit -3 -4  
Net of tax 19 6  
       
Amortization of defined benefit pension items      
Prior service costs 5 - 1
Transition obligations - - 1
Actuarial gains and losses 15 8 1
Total before tax 20 8  
Tax expense or benefit -7 -2  
Net of tax 13 6  
Total reclassifications for the period 32 12  

  Amount of gain or loss reclassified from accumulated other comprehensive (income) loss  
€ in millions 2012 2011 Affected line item in the consolidated statement of income
1 Net periodic benefit cost is allocated as personnel expense within cost of sales or selling, general and administrative expenses as well as research and development expenses.
Details about accumulated other comprehensive (income) loss components      
Gains/losses on cash flow hedges      
Interest rate contracts 29 14 Interest income/expense
Foreign exchange contracts -4 -3 Cost of sales
Foreign exchange contracts -3 -1 Selling, general and administrative expenses
Foreign exchange contracts - 0 Interest income/expense
Total before tax 22 10  
Tax expense or benefit -3 -4  
Net of tax 19 6  
       
Amortization of defined benefit pension items      
Prior service costs 5 - 1
Transition obligations - - 1
Actuarial gains and losses 15 8 1
Total before tax 20 8  
Tax expense or benefit -7 -2  
Net of tax 13 6  
Total reclassifications for the period 32 12  

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