ҹѰ

Annual report pursuant to Section 13 and 15(d)

Other Comprehensive Earnings (loss)

v3.10.0.1
Other Comprehensive Earnings (loss)
 12 Months Ended
Dec. 31, 2018
Other Comprehensive Earnings (Loss)
Other Comprehensive Earnings (Loss)

(16)Other Comprehensive Earnings (Loss)

Accumulated other comprehensive earnings (loss) included in ҹѰ’s consolidated balance sheets and consolidated statements of equity reflect the aggregate of foreign currency translation adjustments, unrealized holding gains and losses on debt and equity securities and ҹѰ’s share of accumulated other comprehensive earnings of affiliates.

The change in the components of accumulated other comprehensive earnings (loss), net of taxes (“AOCI”), is summarized as follows:

Unrealized

Foreign

holding

currency

gains(losses)

translation

onsecurities

adjustment

Other

AOCI

amountsinmillions

Balance at January 1, 2016

$

(10)

(23)

(18)

(51)

Other comprehensive earnings (loss) attributable to ҹѰ stockholders

1

1

(13)

(11)

Balance at December31, 2016

(9)

(22)

(31)

(62)

Other comprehensive earnings (loss) attributable to ҹѰ stockholders

(3)

16

14

27

Balance at December31, 2017

(12)

(6)

(17)

(35)

Other comprehensive earnings (loss) attributable to ҹѰ stockholders

(3)

(24)

22

(5)

Cumulative adjustment for change in accounting principle

—

—

2

2

Balance at December31, 2018

$

(15)

(30)

7

(38)

The components of other comprehensive earnings (loss) are reflected in ҹѰ’s consolidated statements of comprehensive earnings (loss) net of taxes. The following table summarizes the tax effects related to each component of other comprehensive earnings (loss).

Tax

Before-tax

(expense)

Net-of-tax

amount

benefit

amount

amountsinmillions

Year ended December31, 2018:

Unrealized holding gains (losses) arising during period

$

(4)

1

(3)

Credit risk on fair value debt instruments gains (losses)

41

(9)

32

Foreign currency translation adjustments

(56)

12

(44)

Other comprehensive earnings

$

(19)

4

(15)

Year ended December31, 2017:

Unrealized holding gains (losses) arising during period

$

(5)

2

(3)

Foreign currency translation adjustments

60

(22)

38

Other comprehensive earnings

$

55

(20)

35

Year ended December31, 2016:

Foreign currency translation adjustments

$

(16)

6

(10)

Other comprehensive earnings

$

(16)

6

(10)