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Accumulated Other Comprehensive Income
9 Months Ended
Sep. 30, 2014
Accumulated Other Comprehensive Income  
Accumulated Other Comprehensive Income

14.  Accumulated Other Comprehensive Income

 

The after-tax components of Accumulated other comprehensive income (loss) were as follows:

 

 

 

September 30,

 

December 31,

 

 

 

2014

 

2013

 

 

 

(In millions)

 

Currency translation adjustment

 

$

 

$

22

 

Pension adjustment, net of income tax benefit of $(4) and $(4)

 

(6)

 

(6

)

Total

 

$

(6)

 

$

16

 

 

There were no amounts of Accumulated other comprehensive income (loss) attributable to noncontrolling interests as of September 30, 2014 and December 31, 2013, or during the respective periods.

 

During the three and nine months ended September 30, 2014, upon the disposition of the Fleet business, the Company realized a $22 million currency translation gain and reclassified the amount to Income from discontinued operations, net of tax in the Condensed Consolidated Statements of Operations.  In addition, the net gain from disposition of the Fleet business for the nine months ended September 30, 2014 includes the tax impact for the reversal of indefinitely invested undistributed earnings of foreign subsidiaries.  See Note 2, “Discontinued Operations” for more information on the sale of the Fleet business.

 

In 2013, amounts reclassified out of Accumulated other comprehensive income (loss) related to realized gains and losses from the sale of available-for-sale securities and were recorded within Other income in the Condensed Consolidated Statements of Operations.  During the three months ended September 30, 2013 there were no reclassifications.  During the nine months ended September 30, 2013, $1 million of realized gains and $1 million of realized losses from the sale of available-for-sale securities were recorded.