Accumulated other comprehensive income

12 Months Ended

Dec. 31, 2012

Accumulated other comprehensive income [Abstract]

Other comprehensive income

Note 7 – Accumulated other comprehensive income

Accumulated other comprehensive income for the years December 31, 2012 and December 31, 2011:

(In US$ millions)	December 31,			December 31,
	2012			2011
The total balance of accumulated other comprehensive income is made up as follows:
Unrealized gain on marketable securities		206			1
Unrealized gain on foreign exchange		67			54
Actuarial gain/(loss) relating to pension		(30	)		(11	)
Unrealized gain/ (loss) on interest rate swaps in VIEs		(49	)		(49	)
Accumulated other comprehensive income		194			(5	)

The applicable amount of income taxes associated with each component of other comprehensive income is $0 due to the fact that the items relate to companies domiciled in non-taxable jurisdictions. However, for actuarial loss related to pension, the accumulated applicable amount of income taxes is $8 million ($3 million in 2011) as this item is related to companies domiciled in Norway where the tax rate is 28%.