v2.4.0.8
Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2014
Shareholders' Equity  
Changes in accumulated other comprehensive loss, net of tax

The changes in accumulated other comprehensive loss, presented net of tax, were as follows (in millions):

 

 

 

Three months ended June 30, 2014

 

Three months ended June 30, 2013

 

 

 

Defined benefit
pension plans

 

Derivative
instruments

 

Total

 

Defined benefit
pension plans

 

Derivative
instruments

 

Total

 

Balance, beginning of period

 

$

(263

)

$

 

$

(263

)

$

(533

)

$

(7

)

$

(540

)

Other comprehensive income (loss) before reclassifications

 

78

 

 

78

 

84

 

(1

)

83

 

Reclassifications to net income

 

(3

)

 

(3

)

12

 

11

 

23

 

Other comprehensive income, net

 

75

 

 

75

 

96

 

10

 

106

 

Balance, end of period

 

$

(188

)

$

 

$

(188

)

$

(437

)

$

3

 

$

(434

)

 

 

 

Six months ended June 30, 2014

 

Six months ended June 30, 2013

 

 

 

Defined benefit
pension plans

 

Derivative
instruments

 

Total

 

Defined benefit
pension plans

 

Derivative
instruments

 

Total

 

Balance, beginning of period

 

$

(264

)

$

2

 

$

(262

)

$

(511

)

$

(10

)

$

(521

)

Other comprehensive income (loss) before reclassifications

 

73

 

 

73

 

49

 

(5

)

44

 

Reclassifications to net income

 

3

 

(2

)

1

 

25

 

18

 

43

 

Other comprehensive income (loss), net

 

76

 

(2

)

74

 

74

 

13

 

87

 

Balance, end of period

 

$

(188

)

$

 

$

(188

)

$

(437

)

$

3

 

$

(434

)

Schedule of significant reclassifications from accumulated other comprehensive income to net income

Significant reclassifications from accumulated other comprehensive income to net income included the following (in millions):

 

 

 

 

 

Three months ended
June 30,

 

Six months ended
June 30,

 

 

 

Statement of 
operations
classification

 

2014

 

2013

 

2014

 

2013

 

Defined benefit pension plans

 

 

 

 

 

 

 

 

 

 

 

Actuarial losses

 

 

 

$

6

 

$

14

 

$

12

 

$

28

 

Prior service costs

 

 

 

(1

)

(1

)

(1

)

(1

)

Settlements and curtailments

 

 

 

(5

)

 

(5

)

 

Total amortization, before income taxes

 

Net periodic benefit costs (a)

 

 

13

 

6

 

27

 

Income tax benefit

 

Income tax expense

 

(3

)

(1

)

(3

)

(2

)

Total amortization, net of income taxes

 

 

 

$

(3

)

$

12

 

$

3

 

$

25

 

 

(a)     We recognize the amortization of accumulated other comprehensive income components related to defined benefit pension plans in net periodic benefit costs.  In the three and six months ended June 30, 2014, the amortization components of our net periodic benefit costs were less than $1 million and $4 million, recorded in operating and maintenance costs, and less than $1 million and $2 million, recorded in general and administrative costs, respectively.  In the three and six months ended June 30, 2013, the amortization components of our net periodic benefit costs were $10 million and $21 million, recorded in operating and maintenance costs, and $3 million and $6 million, recorded in general and administrative costs, respectively.  See Note 12—Postemployment Benefit Plans.