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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2013
Accumulated other comprehensive income (loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)

Comprehensive income and its components are presented in the Consolidated Statement of Comprehensive Income. Changes in Accumulated other comprehensive income (loss), net of tax, included in the Consolidated Statement of Changes in Stockholders’ Equity, consisted of the following:

(Millions of dollars)
 
Foreign currency translation
 
Pension and other postretirement benefits
 
Derivative financial instruments
 
Available-for-sale securities
 
Total
 
 
 
 
 
 
 
 
 
 
 
Balance at September 30, 2012 1
 
$
432

 
$
(6,454
)
 
$
(35
)
 
$
69

 
$
(5,988
)
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
Balance at June 30, 2013
 
$
(92
)
 
$
(6,645
)
 
$
(33
)
 
$
72

 
$
(6,698
)
Other comprehensive income (loss) before reclassifications
 
291

 
(3
)
 
26

 
9

 
323

Amounts reclassified from accumulated other comprehensive (income) loss
 
—

 
120

 
9

 
(1
)
 
128

Other comprehensive income (loss)
 
291

 
117

 
35

 
8

 
451

Balance at September 30, 2013
 
$
199

 
$
(6,528
)
 
$
2

 
$
80

 
$
(6,247
)
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2012
 
$
456

 
$
(6,914
)
 
$
(42
)
 
$
67

 
$
(6,433
)
Other comprehensive income (loss) before reclassifications
 
(257
)
 
24

 
2

 
14

 
(217
)
Amounts reclassified from accumulated other comprehensive (income) loss
 
—

 
362

 
42

 
(1
)
 
403

Other comprehensive income (loss)
 
(257
)
 
386

 
44

 
13

 
186

Balance at September 30, 2013
 
$
199

 
$
(6,528
)
 
$
2

 
$
80

 
$
(6,247
)

1 
In conjunction with the Cat Japan share redemption, to reflect the increase in our ownership interest in Cat Japan from 67 percent to 100 percent, $107 million was reclassified to Accumulated other comprehensive income (loss) from other components of stockholders' equity and was not included in Comprehensive income during the second quarter of 2012. The amount was comprised of foreign currency translation of $167 million, pension and other postretirement benefits of $(61) million and available-for-sale securities of $1 million.
 
 
 
 
 


The effect of the reclassifications out of Accumulated other comprehensive income (loss) on the Consolidated Statement of Results of Operations is as follows:
 
 
 
 
 
 
 
(Millions of dollars)
 
Classification of
income (expense)
 
Three Months Ended
September 30, 2013
 
Nine Months Ended
September 30, 2013
 
 
 
 
 
 
 
Pension and other postretirement benefits:
 
 
 
 
 
 
Amortization of actuarial gain (loss)
 
Note 9 1
 
$
(196
)
 
$
(589
)
Amortization of prior service credit (cost)
 
Note 9 1
 
14

 
41

Amortization of transition asset (obligation)
 
Note 9 1
 
(1
)
 
(2
)
Reclassifications before tax
 
(183
)
 
(550
)
Tax (provision) benefit
 
63

 
188

Reclassifications net of tax
 
$
(120
)
 
$
(362
)
 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
Foreign exchange contracts
 
Other income (expense)
 
$
(12
)
 
$
(60
)
Interest rate contracts
 
Other income (expense)
 
(1
)
 
(2
)
Interest rate contracts
 
Interest expense of Financial Products
 
(1
)
 
(4
)
Reclassifications before tax
 
(14
)
 
(66
)
Tax (provision) benefit
 
5

 
24

Reclassifications net of tax
 
$
(9
)
 
$
(42
)
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
Realized gain (loss)
 
Other income (expense)
 
$
1

 
$
1

Tax (provision) benefit
 
—

 
—

Reclassifications net of tax
 
$
1

 
$
1

 
 
 
 
 
 
 
Total reclassifications from Accumulated other comprehensive income (loss)
 
$
(128
)
 
$
(403
)

1    Amounts are included in the calculation of net periodic benefit cost. See Note 9 for additional information.