Accumulated Other Comprehensive Income | 6 Months Ended |
Jun. 30, 2014 |
Equity [Abstract] | ' |
Accumulated Other Comprehensive Income | ' |
Accumulated Other Comprehensive Income |
The following table shows the components of AOCI for the three months ended June 30, 2014: |
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| | | | | | | | | | | | | | | | | | | | | |
| | Foreign Currency Translation Adjustment Income (Loss), Net | | Pension and Post-Retirement Benefit Plans Income (Loss), Net | | Unrealized Gain (Loss) on Securities, Net | | Unrealized Gain (Loss) on Cash Flow Hedges, Net | | Total | |
Beginning balance: March 31, 2014 | | $ | 147 | | | $ | (5 | ) | | $ | — | | | $ | — | | | $ | 142 | | |
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Other comprehensive income (loss) before reclassification | | 24 | | | (1 | ) | | — | | | (2 | ) | | 21 | | |
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Less: Amounts reclassified from accumulated other comprehensive income to net income | | — | | | 1 | | | — | | | (1 | ) | | — | | |
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Net current-period other comprehensive income (loss) | | 24 | | | (2 | ) | | — | | | (1 | ) | | 21 | | |
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Ending balance: June 30, 2014 | | $ | 171 | | | $ | (7 | ) | | $ | — | | | $ | (1 | ) | | $ | 163 | | |
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The following table shows the components of AOCI for the six months ended June 30, 2014: |
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| | | | | | | | | | | | | | | | | | | | | |
| | Foreign Currency Translation Adjustment Income (Loss), Net | | Pension and Post-Retirement Benefit Plans Income (Loss), Net | | Unrealized Gain (Loss) on Securities, Net | | Unrealized Gain (Loss) on cash flow hedges, Net | | Total |
Beginning balance: December 31, 2013 | | $ | 141 | | | $ | (23 | ) | | $ | — | | | $ | 2 | | | $ | 120 | |
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Other comprehensive income (loss) before reclassification | | 30 | | | 17 | | (1 | ) | — | | | (3 | ) | | 44 | |
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Less: Amounts reclassified from accumulated other comprehensive income (loss) to net income | | — | | | 1 | | | — | | | — | | | 1 | |
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Net current-period other comprehensive income (loss) | | 30 | | | 16 | | | — | | | (3 | ) | | 43 | |
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Ending balance: June 30, 2014 | | $ | 171 | | | $ | (7 | ) | | $ | — | | | $ | (1 | ) | | $ | 163 | |
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(1) In February 2014, the Company amended the post-retirement medical benefit plan for certain participants, resulting in a reduction of the Company's projected benefit obligation of $17. This amount will be accreted to operating income over the average future service period of participants expected to receive benefits. |
The following table shows the components of AOCI for the three months ended June 30, 2013: |
| |
| | | | | | | | | | | | | | | | | | | | | |
| | Foreign Currency Translation Adjustment Income (Loss), Net | | Pension and Post-Retirement Benefit Plans Income (Loss), Net | | Unrealized Gain (Loss) on Securities, Net | | Unrealized Gain (Loss) on Cash Flow Hedges, Net | | Total | |
Beginning balance: March 31, 2013 | | $ | 86 | | | $ | (76 | ) | | $ | 5 | | | $ | 14 | | | $ | 29 | | |
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Other comprehensive income (loss) before reclassification | | (17 | ) | | — | | | (1 | ) | | 1 | | | (17 | ) | |
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Less: Amounts reclassified from accumulated other comprehensive income to net income | | — | | | — | | | 3 | | | 2 | | | 5 | | |
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Net current-period other comprehensive income (loss) | | (17 | ) | | — | | | (4 | ) | | (1 | ) | | (22 | ) | |
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Ending balance: June 30, 2013 | | $ | 69 | | | $ | (76 | ) | | $ | 1 | | | $ | 13 | | | $ | 7 | | |
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The following table shows the components of AOCI for the six months ended June 30, 2013: |
| |
| | | | | | | | | | | | | | | | | | | | | |
| | Foreign Currency Translation Adjustment Income (Loss), Net | | Pension and Post-Retirement Benefit Plans Income (Loss), Net | | Unrealized Gain (Loss) on Securities, Net | | Unrealized Gain (Loss) on cash flow hedges, Net | | Total | |
Beginning balance: December 31, 2012 | | $ | 141 | | | $ | (78 | ) | | $ | 3 | | | $ | 3 | | | $ | 69 | | |
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Other comprehensive income (loss) before reclassification | | (72 | ) | | — | | | 2 | | | 12 | | | (58 | ) | |
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Less: Amounts reclassified from accumulated other comprehensive income (loss) to net income | | — | | | (2 | ) | | 4 | | | 2 | | | 4 | | |
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Net current-period other comprehensive income (loss) | | (72 | ) | | 2 | | | (2 | ) | | 10 | | | (62 | ) | |
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Ending balance: June 30, 2013 | | $ | 69 | | | $ | (76 | ) | | $ | 1 | | | $ | 13 | | | $ | 7 | | |
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During the three months ended June 30, 2014, amounts reclassified from AOCI included gains of $1 recognized into SG&A and a loss of $1 recognized into cost of products and services sold. During the six months ended June 30, 2014, amounts reclassified from AOCI included gains of $1 recognized into SG&A. During the three months ended June 30, 2013, amounts reclassified from AOCI included gains of $3 recognized into SG&A and gains of $2 recognized in cost of products and services sold. During the six months ended June 30, 2013, amounts reclassified from AOCI included gains of $2 recognized into SG&A and gains of $2 recognized in cost of products and services sold. These adjustments are net of immaterial tax effects. |