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(15)听听Other Comprehensive Earnings (Loss)
Accumulated other comprehensive earnings (loss) included in 午夜寻花鈥檚 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 午夜寻花鈥檚 share of accumulated other comprehensive earnings of affiliates.
The change in the components of accumulated other comprehensive earnings (loss), net of taxes (鈥淎OCI鈥), is summarized as follows:
鈥
|
|
|
|
|
|
|
|
|
鈥 |
听听听听 |
鈥 |
Foreign |
鈥 |
鈥 |
听听听听 |
鈥 |
听 |
鈥 |
鈥 |
鈥 |
currency |
鈥 |
鈥 |
鈥 |
鈥 |
听 |
鈥 |
鈥 |
鈥 |
translation |
鈥 |
鈥 |
鈥 |
鈥 |
听 |
鈥 |
鈥 |
鈥 |
adjustment |
鈥 |
Other |
鈥 |
AOCI |
听 |
|
鈥 |
鈥 |
amounts听in听millions |
听 |
Balance at January 1, 2022 |
鈥 |
$ |
(11) |
鈥 |
6 |
听 |
(5) |
鈥 |
Other comprehensive earnings (loss) attributable to 午夜寻花 stockholders |
鈥 |
鈥 |
(65) |
鈥 |
31 |
鈥 |
(34) |
鈥 |
Balance at December听31, 2022 |
鈥 |
鈥 |
(76) |
鈥 |
37 |
听 |
(39) |
鈥 |
Other comprehensive earnings (loss) attributable to 午夜寻花 stockholders |
鈥 |
鈥 |
19 |
鈥 |
32 |
鈥 |
51 |
鈥 |
Balance at December听31, 2023 |
鈥 |
鈥 |
(57) |
鈥 |
69 |
听 |
12 |
鈥 |
Other comprehensive earnings (loss) attributable to 午夜寻花 stockholders |
鈥 |
鈥 |
(16) |
鈥 |
(180) |
鈥 |
(196) |
鈥 |
Split-Off of 午夜寻花 Sirius XM Holdings |
鈥 |
鈥 |
31 |
鈥 |
鈥 |
鈥 |
31 |
鈥 |
Balance at December听31, 2024 |
鈥 |
$ |
(42) |
鈥 |
(111) |
听 |
(153) |
鈥 |
鈥
The components of other comprehensive earnings (loss) are reflected in 午夜寻花鈥檚 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).
鈥
|
|
|
|
|
|
|
|
|
鈥 |
听听听听 |
鈥 |
鈥 |
听听听听 |
Tax |
听听听听 |
鈥 |
听 |
鈥 |
鈥 |
Before-tax |
鈥 |
(expense) |
鈥 |
Net-of-tax |
听 |
鈥 |
鈥 |
amount |
鈥 |
benefit |
鈥 |
amount |
听 |
|
鈥 |
鈥 |
amounts听in听millions |
听 |
Year ended December听31, 2024: |
鈥 |
鈥 |
鈥 |
鈥 |
鈥 |
鈥 |
鈥 |
鈥 |
Credit risk on fair value debt instruments gains (losses) |
鈥 |
$ |
(84) |
鈥 |
18 |
鈥 |
(66) |
鈥 |
Foreign currency translation adjustments |
鈥 |
鈥 |
(118) |
鈥 |
25 |
鈥 |
(93) |
鈥 |
Recognition of previously unrealized (gains) losses on debt |
鈥 |
鈥 |
1 |
鈥 |
鈥 |
鈥 |
1 |
鈥 |
Other comprehensive earnings (loss) from continuing operations |
鈥 |
$ |
(201) |
鈥 |
43 |
鈥 |
(158) |
鈥 |
Year ended December听31, 2023: |
鈥 |
鈥 |
鈥 |
鈥 |
鈥 |
鈥 |
鈥 |
鈥 |
Credit risk on fair value debt instruments gains (losses) |
鈥 |
$ |
24 |
鈥 |
(5) |
鈥 |
19 |
鈥 |
Foreign currency translation adjustments |
鈥 |
鈥 |
47 |
鈥 |
(10) |
鈥 |
37 |
鈥 |
Recognition of previously unrealized (gains) losses on debt |
鈥 |
鈥 |
27 |
鈥 |
(6) |
鈥 |
21 |
鈥 |
Other comprehensive earnings (loss) from continuing operations |
鈥 |
$ |
98 |
鈥 |
(21) |
鈥 |
77 |
鈥 |
Year ended December听31, 2022: |
鈥 |
鈥 |
鈥 |
鈥 |
鈥 |
鈥 |
鈥 |
鈥 |
Unrealized holding gains (losses) arising during period |
鈥 |
$ |
23 |
鈥 |
(5) |
鈥 |
18 |
鈥 |
Credit risk on fair value debt instruments gains (losses) |
鈥 |
鈥 |
(8) |
鈥 |
2 |
鈥 |
(6) |
鈥 |
Foreign currency translation adjustments |
鈥 |
鈥 |
(34) |
鈥 |
7 |
鈥 |
(27) |
鈥 |
Recognition of previously unrealized (gains) losses on debt |
鈥 |
鈥 |
(24) |
鈥 |
5 |
鈥 |
(19) |
鈥 |
Other comprehensive earnings (loss) from continuing operations |
鈥 |
$ |
(43) |
听 |
9 |
听 |
(34) |
鈥 |
鈥
|