| OTHER COMPREHENSIVE (LOSS) INCOME |
12. OTHER COMPREHENSIVE (LOSS) INCOME
The components of other comprehensive (loss) income and changes in accumulated other comprehensive (loss) income by component were as follows (dollars in millions):
Huntsman Corporation
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Foreign
currency
translation
adjustment(a) |
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Pension and other
postretirement benefits
adjusments, net of tax(b) |
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Other comprehensive
income (loss) of
unconsolidated affiliates |
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Other, net |
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Total |
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Amounts
attributable to
noncontrolling
interests |
|
Amounts
attributable to
Huntsman
Corporation |
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Beginning balance, January 1, 2013
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$ |
269 |
|
$ |
(1,036 |
) |
$ |
7 |
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$ |
3 |
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$ |
(757 |
) |
$ |
13 |
|
$ |
(744 |
) |
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Other comprehensive (loss) income before reclassifications
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(67 |
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25 |
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— |
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1 |
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(41 |
) |
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— |
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(41 |
) |
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Amounts reclassified from accumulated other comprehensive loss(c)
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— |
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8 |
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— |
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— |
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8 |
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— |
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8 |
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| |
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Net current-period other comprehensive (loss) income
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(67 |
) |
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33 |
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— |
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1 |
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(33 |
) |
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— |
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(33 |
) |
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Ending balance, March 31, 2013
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$ |
202 |
|
$ |
(1,003 |
) |
$ |
7 |
|
$ |
4 |
|
$ |
(790 |
) |
$ |
13 |
|
$ |
(777 |
) |
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- (a)
- Amounts are net of tax of $22 and $20 as of March 31, 2013 and January 1, 2013, respectively.
- (b)
- Amounts are net of tax of $187 and $197 as of March 31, 2013 and January 1, 2013, respectively.
- (c)
- See table below for details about these reclassifications.
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Foreign
currency
translation
adjustment(a) |
|
Pension and other
postretirement benefits
adjusments, net of tax(b) |
|
Other comprehensive
income of
unconsolidated affiliates |
|
Other, net |
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Total |
|
Amounts
attributable to
noncontrolling
interests |
|
Amounts
attributable to
Huntsman
Corporation |
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Beginning balance, January 1, 2012
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$ |
218 |
|
$ |
(800 |
) |
$ |
8 |
|
$ |
3 |
|
$ |
(571 |
) |
$ |
12 |
|
$ |
(559 |
) |
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Other comprehensive income before reclassifications
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73 |
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12 |
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— |
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1 |
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86 |
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(2 |
) |
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84 |
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Amounts reclassified from accumulated other comprehensive loss(c)
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— |
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7 |
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— |
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— |
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7 |
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— |
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7 |
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| |
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Net current-period other comprehensive income
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|
73 |
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|
19 |
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— |
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|
1 |
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|
93 |
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(2 |
) |
|
91 |
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| |
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Ending balance, March 31, 2012
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$ |
291 |
|
$ |
(781 |
) |
$ |
8 |
|
$ |
4 |
|
$ |
(478 |
) |
$ |
10 |
|
$ |
(468 |
) |
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- (a)
- Amounts are net of tax of $23 and $24 as of March 31, 2012 and January 1, 2012, respectively.
- (b)
- Amounts are net of tax of $123 and $124 as of March 31, 2012 and January 1, 2012, respectively.
- (c)
- See table below for details about these reclassifications.
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Three months
ended
March 31, 2013 |
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Details about Accumulated Other Comprehensive Loss
Components(a):
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Amount reclassified from
accumulated other
comprehensive loss |
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Affected line item in the
statement where net income
is presented |
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Amortization of pension and other postretirement benefits:
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Prior service credit
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$ |
(2 |
) |
(b) |
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Actuarial loss
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20 |
|
(b)(c) |
| |
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18 |
|
Total before tax |
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(10 |
) |
Income tax benefit (expense) |
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8 |
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Net of tax |
| |
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Total reclassifications for the period
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$ |
8 |
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Net of tax |
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Three months
ended
March 31, 2012 |
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Details about Accumulated Other Comprehensive Loss
Components(a):
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Amount reclassified from
accumulated other
comprehensive loss |
|
Affected line item in the
statement where net income
is presented |
|
Amortization of pension and other postretirement benefits:
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Prior service credit
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$ |
(3 |
) |
(b) |
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Actuarial loss
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11 |
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(b)(c) |
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8 |
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Total before tax |
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(1 |
) |
Income tax benefit (expense) |
| |
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7 |
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Net of tax |
| |
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Total reclassifications for the period
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$ |
7 |
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Net of tax |
| |
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- (a)
- Amounts in parentheses indicate credits on our condensed consolidated statements of operations (unaudited).
- (b)
- These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See "Note 10. Employee Benefit Plans."
- (c)
- Amounts contain approximately $1 million of actuarial losses related to discontinued operations.
Huntsman International
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|
Foreign
currency
translation
adjustment(a) |
|
Pension and other
postretirement benefits
adjusments, net of tax(b) |
|
Other comprehensive
income (loss) of
unconsolidated affiliates |
|
Other, net |
|
Total |
|
Amounts
attributable to
noncontrolling
interests |
|
Amounts
attributable to
Huntsman
International |
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|
Beginning balance, January 1, 2013
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|
$ |
268 |
|
$ |
(1,076 |
) |
$ |
7 |
|
$ |
(3 |
) |
$ |
(804 |
) |
$ |
13 |
|
$ |
(791 |
) |
| |
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Other comprehensive (loss) income before reclassifications
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|
(67 |
) |
|
25 |
|
|
— |
|
|
2 |
|
|
(40 |
) |
|
— |
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|
(40 |
) |
|
Amounts reclassified from accumulated other comprehensive loss(c)
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|
— |
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|
8 |
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|
— |
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— |
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|
8 |
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— |
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8 |
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| |
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Net current-period other comprehensive (loss) income
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|
(67 |
) |
|
33 |
|
|
— |
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|
2 |
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(32 |
) |
|
— |
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(32 |
) |
| |
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Ending balance, March 31, 2013
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$ |
201 |
|
$ |
(1,043 |
) |
$ |
7 |
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$ |
(1 |
) |
$ |
(836 |
) |
$ |
13 |
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$ |
(823 |
) |
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- (a)
- Amounts are net of tax of $9 and $7 as of March 31, 2013 and January 1, 2013, respectively.
- (b)
- Amounts are net of tax of $217 and $228 as of March 31, 2013 and January 1, 2013, respectively.
- (c)
- See table below for details about these reclassifications.
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|
Foreign
currency
translation
adjustment(a) |
|
Pension and other
postretirement benefits
adjusments, net of tax(b) |
|
Other comprehensive
income of
unconsolidated affiliates |
|
Other, net |
|
Total |
|
Amounts
attributable to
noncontrolling
interests |
|
Amounts
attributable to
Huntsman
International |
|
|
Beginning balance, January 1, 2012
|
|
$ |
217 |
|
$ |
(845 |
) |
$ |
8 |
|
$ |
(3 |
) |
$ |
(623 |
) |
$ |
12 |
|
$ |
(611 |
) |
| |
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Other comprehensive income before reclassifications
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|
73 |
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|
14 |
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|
— |
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|
1 |
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|
88 |
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(2 |
) |
|
86 |
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Amounts reclassified from accumulated other comprehensive loss(c)
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|
— |
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|
7 |
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|
— |
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— |
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|
7 |
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— |
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|
7 |
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| |
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Net current-period other comprehensive income
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|
73 |
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|
21 |
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— |
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|
1 |
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|
95 |
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|
(2 |
) |
|
93 |
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| |
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Ending balance, March 31, 2012
|
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$ |
290 |
|
$ |
(824 |
) |
$ |
8 |
|
$ |
(2 |
) |
$ |
(528 |
) |
$ |
10 |
|
$ |
(518 |
) |
| |
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- (a)
- Amounts are net of tax of $9 and $11 as of March 31, 2012 and January 1, 2012, respectively.
- (b)
- Amounts are net of tax of $154 and $156 as of March 31, 2012 and January 1, 2012, respectively.
- (c)
- See table below for details about these reclassifications.
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|
Three months
ended
March 31, 2013 |
|
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|
Details about Accumulated Other Comprehensive Loss
Components(a):
|
|
Amount reclassified from
accumulated other
comprehensive loss |
|
Affected line item in the
statement where net income
is presented |
|
Amortization of pension and other postretirement benefits:
|
|
|
|
|
|
|
Prior service credit
|
|
$ |
(2 |
) |
(b) |
|
Actuarial loss
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|
21 |
|
(b)(c) |
| |
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|
19 |
|
Total before tax |
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|
|
(11 |
) |
Income tax benefit (expense) |
| |
|
|
|
|
|
|
|
|
8 |
|
Net of tax |
| |
|
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|
Total reclassifications for the period
|
|
$ |
8 |
|
Net of tax |
| |
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|
Three months
ended
March 31, 2012 |
|
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|
Details about Accumulated Other Comprehensive Loss
Components(a):
|
|
Amount reclassified from
accumulated other
comprehensive loss |
|
Affected line item in the
statement where net income
is presented |
|
Amortization of pension and other postretirement benefits:
|
|
|
|
|
|
|
Prior service credit
|
|
$ |
(3 |
) |
(b) |
|
Actuarial loss
|
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|
12 |
|
(b)(c) |
| |
|
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|
|
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|
9 |
|
Total before tax |
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|
|
(2 |
) |
Income tax benefit (expense) |
| |
|
|
|
|
|
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|
|
7 |
|
Net of tax |
| |
|
|
|
|
|
Total reclassifications for the period
|
|
$ |
7 |
|
Net of tax |
| |
|
|
|
|
- (a)
- Amounts in parentheses indicate credits on our condensed consolidated statements of operations (unaudited).
- (b)
- These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See "Note 10. Employee Benefit Plans."
- (c)
- Amounts contain approximately $1 million of actuarial losses related to discontinued operations.
|