BAKER HUGHES INC | 2013 | FY | 3

ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table presents the changes in accumulated other comprehensive loss, net of tax:

 
Pensions and
Other
Postretirement
Benefits
Foreign
Currency
Translation
Adjustments
Accumulated
Other
Comprehensive
Loss
Balance at December 31, 2011
$
(251
)
$
(304
)
$
(555
)
Other comprehensive income before reclassifications:
 
 
 
Foreign currency translation adjustments
 
78

78

Pensions and other postretirement benefits:
 
 
 
Actuarial net loss arising in the year
(66
)
 
(66
)
Plan amendments
60

 
60

Foreign currency translation adjustments
(4
)
 
(4
)
Deferred taxes
(6
)
 
(6
)
 
 
 
 
Amounts reclassified from accumulated other comprehensive loss:
 
 


Amortization of net actuarial loss
22

 
22

Amortization of prior service credit
(2
)
 
(2
)
Curtailment/settlements
4

 
4

Deferred taxes
(7
)
 
(7
)
Balance at December 31, 2012
(250
)
(226
)
(476
)
Other comprehensive income before reclassifications:
 
 


Foreign currency translation adjustments
 
(61
)
(61
)
Pensions and other postretirement benefits:
 
 


Actuarial net gain arising in the year
38

 
38

Deferred taxes
(17
)
 
(17
)
 
 
 
 
Amounts reclassified from accumulated other comprehensive loss:
 
 
 
Amortization of net actuarial loss
23

 
23

Amortization of prior service credit
(7
)
 
(7
)
Curtailment/settlements
2

 
2

Deferred taxes
(6
)
 
(6
)
Balance at December 31, 2013
$
(217
)
$
(287
)
$
(504
)

The amounts reclassified from accumulated other comprehensive loss during the twelve months ended December 31, 2013 and 2012 represent the amortization of net actuarial loss, prior service credit and curtailments and settlements which are included in the computation of net periodic pension cost (see Note 10. Employee Benefit Plans for additional details). Net periodic pension cost is recorded in cost of sales and services, research and engineering, and marketing, general and administrative expenses.

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