FORD MOTOR CO | 2013 | FY | 3

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

The following table summarizes the changes in the accumulated balances for each component of AOCI attributable to Ford Motor Company for the years ended December 31 (in millions):
 
2013
 
2012
 
2011
Foreign currency translation
 
 
 
 
 
Beginning balance
$
(1,241
)
 
$
(1,383
)
 
$
(665
)
Net gains/(losses) on foreign currency translation (net of tax benefit of $53 and tax of $0 and $2)
(617
)
 
157

 
(697
)
Reclassifications to net income (a)
111

 
(15
)
 
(21
)
Other comprehensive income/(loss), net of tax (b)
(506
)
 
142

 
(718
)
Ending balance
$
(1,747
)
 
$
(1,241
)
 
$
(1,383
)
 
 
 
 
 
 
Derivative instruments (c)
 
 
 
 
 
Beginning balance
$
(175
)
 
$
(181
)
 
$
(29
)
Net gains/(losses) on derivative instruments (net of tax of $141 and tax benefit of $115 and $29)
176

 
(256
)
 
(71
)
Reclassifications to net income (net of tax of $41 and $115 and tax benefit of $38) (d)
39

 
262

 
(81
)
Other comprehensive income/(loss), net of tax
215

 
6

 
(152
)
Ending balance
$
40

 
$
(175
)
 
$
(181
)
 
 
 
 
 
 
Pension and other postretirement benefits
 
 
 
 
 
Beginning balance
$
(21,438
)
 
$
(17,170
)
 
$
(13,617
)
Prior service cost arising during the period (net of tax of $0 and tax benefit of $1 and $35)
2

 
(31
)
 
56

Net gains/(losses) arising during the period (net of tax of $1,883 and tax benefit of $2,238
 and $1,461)
3,521

 
(4,693
)
 
(4,229
)
Amortization of prior service costs/(credits) included in net income (net of tax benefit of $21, $100, and $183) (e)
(24
)
 
(164
)
 
(40
)
Amortization of (gains)/losses included in net income (net of tax of $653, $404, and $69) (e)
1,445

 
812

 
631

Translation impact on non-U.S. plans
(30
)
 
(192
)
 
29

Other comprehensive income/(loss), net of tax
4,914

 
(4,268
)
 
(3,553
)
Ending balance
$
(16,524
)
 
$
(21,438
)
 
$
(17,170
)
 
 
 
 
 
 
Net holding gains/(losses)
 
 
 
 
 
Beginning balance
$
—

 
$
—

 
$
(2
)
Reclassifications to net income
—

 
—

 
2

Ending balance
$
—

 
$
—

 
$
—

 
 
 
 
 
 
Total AOCI ending balance at December 31
$
(18,231
)
 
$
(22,854
)
 
$
(18,734
)
__________
(a)
The accumulated translation adjustments related to an investment in a foreign subsidiary are reclassified to net income upon sale or upon complete or substantially complete liquidation of the entity and are recognized in Automotive interest income and other income/(loss), net or Financial Services other income/(loss), net.
(b)
There were losses of $2 million attributable to noncontrolling interests in 2011.
(c) We expect to reclassify existing net gains of $147 million from Accumulated other comprehensive income/(loss) to Automotive cost of sales during the next twelve months as the underlying exposures are realized.
(d)
Gains/(losses) on cash flow hedges are reclassified from AOCI to income when the hedged item affects earnings and is recognized in Automotive cost of sales. See Note 16 for additional information.
(e)
These AOCI components are included in the computation of net periodic pension cost. See Note 14 for additional information.

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