Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2013

Components of Other Comprehensive Income (Loss)

The components of other comprehensive income (loss), including reclassification adjustments by income statement line item, were as follows:

										Components of Changes in Accumulated Other Comprehensive Income (after tax)
(millions)	Pretax total accumulated other comprehensive income			Total tax (provision) benefit			After tax total accumulated other comprehensive income			Total net unrealized gains (losses) on securities			Net unrealized gains on forecasted transactions1,3			Foreign currency translation adjustment
Balance at June 30, 2013	$	1,252.6		$	(438.4	)	$	814.2		$	807.6		$	5.4		$	1.2
Other comprehensive income (loss) before reclassifications:
Investment securities	111.9			(39.2		)	72.7			72.7			0			0
Net non-credit related OTTI losses, adjusted for valuation changes	0			0			0			0			0			0
Forecasted transactions	0			0			0			0			0			0
Foreign currency translation adjustment	(.4		)	.2			(.2		)	0			0			(.2		)
Total other comprehensive income (loss) before reclassifications	111.5			(39.0		)	72.5			72.7			0			(.2		)
Less: Reclassification adjustment for amounts realized in net income by income statement line item:
Net impairment losses recognized in earnings	(1.9		)	.7			(1.2		)	(1.2		)	0			0
Net realized gains (losses) on securities2	25.6			(9.0		)	16.6			16.1			.5			0
Interest expense3	.6			(.2		)	.4			0			.4			0
Total reclassification adjustment for amounts realized in net income	24.3			(8.5		)	15.8			14.9			.9			0
Total other comprehensive income (loss)	87.2			(30.5		)	56.7			57.8			(.9		)	(.2		)
Balance at September 30, 2013	$	1,339.8		$	(468.9	)	$	870.9		$	865.4		$	4.5		$	1.0

										Components of Changes in Accumulated Other Comprehensive Income (after tax)
(millions)	Pretax total accumulated other comprehensive income			Total tax (provision) benefit			After tax total accumulated other comprehensive income			Total net unrealized gains (losses) on securities			Net unrealized gains on forecasted transactions1,3			Foreign currency translation adjustment
Balance at December 31, 2012	$	1,340.0		$	(469.0	)	$	871.0		$	862.7		$	6.1		$	2.2
Other comprehensive income (loss) before reclassifications:
Investment securities	192.6			(67.4		)	125.2			125.2			0			0
Net non-credit related OTTI losses, adjusted for valuation changes	.4			(.1		)	.3			.3			0			0
Forecasted transactions	0			0			0			0			0			0
Foreign currency translation adjustment	(1.9		)	.7			(1.2		)	0			0			(1.2		)
Total other comprehensive income (loss) before reclassifications	191.1			(66.8		)	124.3			125.5			0			(1.2		)
Less: Reclassification adjustment for amounts realized in net income by income statement line item:
Net impairment losses recognized in earnings	(3.5		)	1.3			(2.2		)	(2.2		)	0			0
Net realized gains (losses) on securities2	193.2			(67.7		)	125.5			125.0			.5			0
Interest expense3	1.6			(.5		)	1.1			0			1.1			0
Total reclassification adjustment for amounts realized in net income	191.3			(66.9		)	124.4			122.8			1.6			0
Total other comprehensive income (loss)	(.2		)	.1			(.1		)	2.7			(1.6		)	(1.2		)
Balance at September 30, 2013	$	1,339.8		$	(468.9	)	$	870.9		$	865.4		$	4.5		$	1.0

¹Entered into for the purpose of managing interest rate risk associated with our debt issuances.

²During both the third quarter and first nine months of 2013, we reclassified $0.8 million, on a pretax basis, from accumulated other comprehensive income on the balance sheet to net realized gains on securities on the comprehensive income statement, reflecting the portion of the unrealized gain on forecasted transactions that was related to the portion of the 6.70% Debentures repurchased during the period (see Note 4 - Debt for further discussion).

³We expect to reclassify $2.1 million (pretax) into income during the next 12 months, related to the net unrealized gains on forecasted transactions.