Annual report pursuant to Section 13 and 15(d)

Other Comprehensive Earnings (Loss)

v2.4.1.9
Other Comprehensive Earnings (Loss)
 12 Months Ended
Dec. 31, 2014
Other Comprehensive Earnings (Loss) [Abstract]  
Other Comprehensive Earnings (Loss)

(16)Other Comprehensive Earnings (Loss)

 

Accumulated other comprehensive earnings (loss) included in Liberty's consolidated balance sheets and consolidated statements of equity reflect the aggregate of foreign currency translation adjustments, unrealized holding gains and losses on AFS securities and Liberty's share of accumulated other comprehensive earnings of affiliates. The 2013 and 2012 tax (expense) benefit and before-tax amounts have been revised to be consistent with the 2014 presentation.

 

The change in the components of accumulated other comprehensive earnings (loss), net of taxes ("AOCI"), is summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Foreign

    

Share of

    

AOCI

    

    

 

 

 

currency

 

AOCI

 

of

 

 

 

 

 

translation

 

of equity

 

discontinued

 

 

 

 

 

adjustments

 

affiliates

 

operations

 

AOCI

 

 

 

amounts in millions

 

Balance at January 1, 2012

 

$
158 

 
(6)

 

 —

 
152 

 

Other comprehensive earnings (loss) attributable to Liberty Interactive Corporation stockholders

 

 
(7)

 
3 

 

 —

 
(4)

 

Balance at December 31, 2012

 

 
151 

 
(3)

 

 —

 
148 

 

Other comprehensive earnings (loss) attributable to Liberty Interactive Corporation stockholders

 

 
(48)

 
2 

 
(3)

 
(49)

 

Balance at December 31, 2013

 

 
103 

 
(1)

 
(3)

 
99 

 

Other comprehensive earnings (loss) attributable to Liberty Interactive Corporation stockholders

 

 
(178)

 
(18)

 
(3)

 
(199)

 

Distribution to stockholders for TripAdvisor Holdings Spin-Off

 

 

 —

 

 —

 
6 

 
6 

 

Balance at December 31, 2014

 

$
(75)

 
(19)

 

 —

 
(94)

 

 

 

The components of other comprehensive earnings (loss) are reflected in Liberty's consolidated statements of comprehensive earnings (loss) net of taxes.  The following table summarizes the tax effects related to each component of other comprehensive earnings (loss).

 

 

 

 

 

 

 

 

 

 

 

    

    

 

    

Tax

    

    

 

 

 

Before-tax

 

(expense)

 

Net-of-tax

 

 

 

amount

 

benefit

 

amount

 

 

 

amounts in millions

 

Year ended December 31, 2014:

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

$
(241)

 
49 

 
(192)

 

Share of other comprehensive earnings (loss) of equity affiliates

 

 
(29)

 
11 

 
(18)

 

Other comprehensive earnings (loss) from discontinued operations

 

 
(2)

 
1 

 
(1)

 

Other comprehensive earnings (loss)

 

$
(272)

 
61 

 
(211)

 

Year ended December 31, 2013:

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

$
(65)

 
(8)

 
(73)

 

Share of other comprehensive earnings (loss) of equity affiliates

 

 
3 

 
(1)

 
2 

 

Other comprehensive earnings (loss) from discontinued operations

 

 
(5)

 
2 

 
(3)

 

Other comprehensive earnings (loss)

 

$
(67)

 
(7)

 
(74)

 

Year ended December 31, 2012:

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

$
(47)

 
21 

 
(26)

 

Share of other comprehensive earnings (loss) of equity affiliates

 

 
5 

 
(2)

 
3 

 

Other comprehensive earnings (loss) from discontinued operations

 

 
2 

 
(1)

 
1 

 

Other comprehensive earnings (loss)

 

$
(40)

 
18 

 
(22)