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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Comprehensive Income (Loss) Note
Accumulated Other Comprehensive Income (Loss)
The components of Accumulated other comprehensive income (loss) are as follows (in millions):
 
 
Pension and Retiree Medical Liability
 
Unrealized
Gain/(Loss)
on
Investments
 
Derivative
Financial
Instruments
 
Income
Tax
Benefit
(Expense)
 
Total
Balance at December 31, 2012
 
$
(2,322
)
 
$
(1
)
 
$
15

 
$
(672
)
 
$
(2,980
)
Other comprehensive income (loss) before reclassifications
 
1,577

 
—

 
18

 
(538
)
 
1,057

Amounts reclassified from accumulated other comprehensive income (loss)
 
(142
)
 
(1
)
 
34

 
—

 
(109
)
Net current-period other comprehensive income (loss)
 
1,435

 
(1
)
 
52

 
(538
)
 
948

Balance at December 31, 2013
 
$
(887
)
 
$
(2
)
 
$
67

 
$
(1,210
)
 
$
(2,032
)

As of December 31, 2013, the Company estimates that during the next twelve months it will reclassify from Accumulated Other Comprehensive Income (Loss) into earnings approximately $45 million in net gains (based on prices as of December 31, 2013) related to its fuel derivative hedges.
Reclassifications out of Accumulated Other Comprehensive Income (Loss) for the years ended December 31, 2013 and 2012 are as follows (in millions):
Details about accumulated other comprehensive income (loss) components
 
Amount reclassified from accumulated other comprehensive income (loss)
Affected line item in the statement where net income (loss) is presented
 
Year Ended December 31,
 
 
2013
 
2012
 
Amortization of pension and retiree medical liability:
 
 
 
 
 
 
Prior service cost
 
$
(223
)
 
$
(72
)
 
Wages, salaries and benefits
Actuarial loss
 
81

 
202

 
Wages, salaries and benefits
Derivative financial instruments:
 
 
 
 
 
 
Cash flow hedges
 
34

 
(3
)
 
Aircraft fuel
Total reclassifications for the period
 
$
(108
)
 
$
127

 
 

The Company recognized a $538 million non-cash income tax benefit, offset by a $538 million charge to other comprehensive income, during the fourth quarter of 2013 related to gains in other comprehensive income. Also, the Company recognized a $569 million non-cash income tax benefit, offset by a $569 million charge to other comprehensive income, during the fourth quarter of 2012 related to gains in other comprehensive income. See Note 11 to AAG's Consolidated Financial Statements for further information.
Amounts allocated to other comprehensive income for income taxes as further described in Note 11 will remain in Accumulated Other Comprehensive Income (Loss) until the Company ceases all related activities, such as termination of the pension plan.
AA [Member]
  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Comprehensive Income (Loss) Note
Accumulated Other Comprehensive Income (Loss)
The components of Accumulated other comprehensive income (loss) are as follows (in millions):
 
 
Pension and Retiree Medical Liability
 
Unrealized
Gain/(Loss)
on
Investments
 
Derivative
Financial
Instruments
 
Income
Tax
Benefit/
(Expense)
 
Total
Balance at December 31, 2012
 
$
(2,322
)
 
$
2

 
$
13

 
$
(781
)
 
$
(3,088
)
Other comprehensive income (loss) before reclassifications
 
1,565

 
—

 
18

 
(538
)
 
1,045

Amounts reclassified from accumulated other comprehensive income (loss)
 
(142
)
 
(1
)
 
34

 
—

 
(109
)
Net current-period other comprehensive income (loss)
 
1,423

 
(1
)
 
52

 
(538
)
 
936

Balance at December 31, 2013
 
$
(899
)
 
$
1

 
$
65

 
$
(1,319
)
 
$
(2,152
)

As of December 31, 2013, American estimates that during the next twelve months it will reclassify from Accumulated Other Comprehensive Income (Loss) into earnings approximately $45 million in net gains (based on prices as of December 31, 2013) related to its fuel derivative hedges.
Reclassifications out of Accumulated Other Comprehensive Income (Loss) for the years ended December 31, 2013 and 2012 are as follows (in millions):
Details about accumulated other comprehensive income (loss) components
 
Amount reclassified from accumulated other comprehensive income (loss)
Affected line item in the statement where net income (loss) is presented
 
Year Ended December 31,
 
 
2013
 
2012
 
Amortization of pension and retiree medical liability:
 
 
 
 
 
 
Prior service cost
 
$
(223
)
 
$
(72
)
 
Wages, salaries and benefits
Actuarial loss
 
81

 
202

 
Wages, salaries and benefits
Derivative financial instruments:
 
 
 
 
 
 
Cash flow hedges
 
34

 
(3
)
 
Aircraft fuel
Total reclassifications for the period
 
$
(108
)
 
$
127

 
 

American recognized a $538 million non-cash income tax benefit, offset by a $538 million charge to other comprehensive income, during the fourth quarter of 2013 related to gains in other comprehensive income. Also, American recognized a $569 million non-cash income tax benefit, offset by a $569 million charge to other comprehensive income, during the fourth quarter of 2012 related to gains in other comprehensive income. See Note 10 to American's Consolidated Financial Statements for further information.
Amounts allocated to other comprehensive income for income taxes as further described in Note 10 will remain in Accumulated Other Comprehensive Income (Loss) until American ceases all related activities, such as termination of the pension plan.