Following are the changes in accumulated other comprehensive income (loss) by component:
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Three months ended |
In millions |
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Change in
pensions and
other
postretirement
defined benefit
plans |
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Foreign
currency
translation
adjustment |
|
Unrealized gain
(loss) on
marketable
securities |
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Unrealized gain
(loss) on
derivatives |
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Total
attributable to
Cummins Inc. |
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Noncontrolling
interests |
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Total other comprehensive income (loss) |
Balance at December 31, 2015 |
|
$ |
(654 |
) |
|
$ |
(696 |
) |
|
$ |
(2 |
) |
|
$ |
4 |
|
|
$ |
(1,348 |
) |
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Other comprehensive income before reclassifications |
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Before tax amount |
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— |
|
|
(58 |
) |
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— |
|
|
(26 |
) |
|
(84 |
) |
|
$ |
— |
|
|
$ |
(84 |
) |
Tax benefit (expense) |
|
— |
|
|
1 |
|
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— |
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|
4 |
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|
5 |
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— |
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|
5 |
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After tax amount |
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— |
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|
(57 |
) |
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— |
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(22 |
) |
|
(79 |
) |
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— |
|
|
(79 |
) |
Amounts reclassified from accumulated other comprehensive loss(1)(2)
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|
9 |
|
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— |
|
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— |
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|
1 |
|
|
10 |
|
|
— |
|
|
10 |
|
Net current period other comprehensive income (loss) |
|
9 |
|
|
(57 |
) |
|
— |
|
|
(21 |
) |
|
(69 |
) |
|
$ |
— |
|
|
$ |
(69 |
) |
Balance at April 3, 2016 |
|
$ |
(645 |
) |
|
$ |
(753 |
) |
|
$ |
(2 |
) |
|
$ |
(17 |
) |
|
$ |
(1,417 |
) |
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Balance at December 31, 2016 |
|
$ |
(685 |
) |
|
$ |
(1,127 |
) |
|
$ |
(1 |
) |
|
$ |
(8 |
) |
|
$ |
(1,821 |
) |
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Other comprehensive income before reclassifications |
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Before tax amount |
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8 |
|
|
75 |
|
|
1 |
|
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(6 |
) |
|
78 |
|
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$ |
13 |
|
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$ |
91 |
|
Tax benefit (expense) |
|
(3 |
) |
|
(8 |
) |
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— |
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|
2 |
|
|
(9 |
) |
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— |
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|
(9 |
) |
After tax amount |
|
5 |
|
|
67 |
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|
1 |
|
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(4 |
) |
|
69 |
|
|
13 |
|
|
82 |
|
Amounts reclassified from accumulated other comprehensive loss(1)(2)
|
|
16 |
|
|
— |
|
|
(1 |
) |
|
5 |
|
|
20 |
|
|
— |
|
|
20 |
|
Net current period other comprehensive income (loss) |
|
21 |
|
|
67 |
|
|
— |
|
|
1 |
|
|
89 |
|
|
$ |
13 |
|
|
$ |
102 |
|
Balance at April 2, 2017 |
|
$ |
(664 |
) |
|
$ |
(1,060 |
) |
|
$ |
(1 |
) |
|
$ |
(7 |
) |
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$ |
(1,732 |
) |
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(1) Amounts are net of tax.
(2) Reclassifications out of accumulated other comprehensive income (loss) and the related tax effects are immaterial for separate disclosure.
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