The changes in Accumulated other comprehensive loss by component were as follows:


	Alcoa						Noncontrolling Interests
	First quarter ended March 31,						First quarter ended March 31,
	2013			2012			2013			2012
Pension and other postretirement benefits
Balance at beginning of period	$	(4,063	)	$	(3,533	)	$	(77	)	$	(99	)
Other comprehensive income:
Unrecognized net actuarial loss and prior service cost/benefit		11			(13)			—			—
Tax (expense) benefit		(3)			3			—			—

Total Other comprehensive income before reclassifications, net of tax		8			(10)			—			—

Amortization of net actuarial loss and prior service cost/benefit⁽¹⁾		132			101			1			2
Tax (expense) benefit⁽²⁾		(45	)		(35	)		—			—

Total amount reclassified from Accumulated other comprehensive loss, net of tax⁽⁶⁾		87			66			1			2

Total Other comprehensive income		95			56			1			2

Balance at end of period	$	(3,968	)	$	(3,477	)	$	(76	)	$	(97	)


Foreign currency translation
Balance at beginning of period	$	1,147		$	1,349		$	257		$	351
Other comprehensive (loss) income:
Foreign currency translation adjustments⁽³⁾		(116	)		244			16			65

Balance at end of period	$	1,031		$	1,593		$	273		$	416


Available-for-sale securities
Balance at beginning of period	$	3		$	—		$	—		$	—
Other comprehensive income:
Net unrealized holding (loss) gain		(1	)		3			—			—
Tax benefit (expense)		—			(1	)		—			—

Total Other comprehensive (loss) income before reclassifications, net of tax		(1	)		2			—			—

Net amount reclassified to earnings⁽⁴⁾		2			—			—			—
Tax benefit (expense)⁽²⁾		—			—			—			—

Total amount reclassified from Accumulated other comprehensive income, net of tax⁽⁶⁾		2			—			—			—

Total Other comprehensive income		1			2			—			—

Balance at end of period	$	4		$	2		$	—		$	—


Cash flow hedges (M)
Balance at beginning of period	$	(489	)	$	(443	)	$	(5	)	$	(4	)
Other comprehensive income (loss):
Net change from periodic revaluations		136			(103	)		3			(3	)
Tax (expense) benefit		(29	)		21			(1	)		1

Total Other comprehensive income (loss) before reclassifications, net of tax		107			(82	)		2			(2	)

Net amount reclassified to earnings:
Aluminum contracts⁽⁵⁾		7			—			—			—
Interest rate contracts⁽⁴⁾		—			(1	)		—			—

Sub-total		7			(1	)		—			—
Tax (expense) benefit⁽²⁾		(1	)		2			—			—

Total amount reclassified from Accumulated other comprehensive loss, net of tax⁽⁶⁾		6			1			—			—

Total Other comprehensive income (loss)		113			(81	)		2			(2	)

Balance at end of period	$	(376	)	$	(524	)	$	(3	)	$	(6	)

⁽¹⁾	These amounts were included in the computation of net periodic benefit cost for pension and other postretirement benefits (see Note L).

⁽²⁾	These amounts were included in Provision for income taxes on the accompanying Statement of Consolidated Operations.

⁽³⁾	In all periods presented, there were no tax impacts related to rate changes and no amounts were reclassified to earnings.

⁽⁴⁾	This amount was included in Other income, net on the accompanying Statement of Consolidated Operations.

⁽⁵⁾	This amount was included in Sales on the accompanying Statement of Consolidated Operations.

⁽⁶⁾	A positive amount indicates a corresponding charge to earnings and a negative amount indicates a corresponding benefit to earnings. These amounts were reflected on the accompanying Statement of Consolidated Operations in the line items indicated in footnotes 1 through 5.