Annual report pursuant to Section 13 and 15(d)

Other Comprehensive Earnings (Loss)

v2.4.0.6
Other Comprehensive Earnings (Loss)
 12 Months Ended
Dec. 31, 2011
Other Comprehensive Earnings (Loss) [Abstract]  
Comprehensive Income (Loss) Note [Text Block]
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 change in the components of accumulated other comprehensive earnings (loss), net of taxes ("AOCI"), is summarized as follows:
 
Foreign
 
Unrealized
 
Share of
 
 
 
AOCI
 
 
 
currency
 
holding
 
AOCI
 
 
 
of
 
 
 
translation
 
gains (losses)
 
of equity
 
 
 
discontinued
 
 
 
adjustments
 
on securities
 
affiliates
 
Other
 
operations
 
AOCI
 
amounts in millions
Balance at January 1, 2009
$
217

 
(3
)
 
(6
)
 
(103
)
 
(35
)
 
70

Other comprehensive earnings (loss) attributable to Liberty Interactive Corporation stockholders
8

 
160

 
(5
)
 
47

 
72

 
282

Balance at December 31, 2009
225

 
157

 
(11
)
 
(56
)
 
37

 
352

Other comprehensive earnings (loss) attributable to Liberty Interactive Corporation stockholders
(52
)
 
(157
)
 
7

 
56

 
20

 
(126
)
Balance at December 31, 2010
173

 
—

 
(4
)
 
—

 
57

 
226

Other comprehensive earnings (loss) attributable to Liberty Interactive Corporation stockholders
(15
)
 
—

 
(2
)
 
—

 
(26
)
 
(43
)
Distribution to stockholders for split-off of Liberty Media Corporation
—

 
—

 
—

 
—

 
(31
)
 
(31
)
Balance at December 31, 2011
$
158

 
—

 
(6
)
 
—

 
—

 
152



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, 2011:
 
 
 
 
 
Foreign currency translation adjustments
$
(18
)
 
7

 
(11
)
Unrealized holding gains (losses) on securities arising during period
—

 
—

 
—

Reclassification adjustment for holding (gains) losses realized in net earnings (loss)
—

 
—

 
—

Share of other comprehensive earnings (loss) of equity affiliates
(3
)
 
1

 
(2
)
Other
—

 
—

 
—

Other comprehensive earnings (loss) from discontinued operations
$
(42
)
 
16

 
(26
)
Other comprehensive earnings (loss)
$
(63
)
 
24

 
(39
)
Year ended December 31, 2010:
 
 
 
 
 
Foreign currency translation adjustments
$
(60
)
 
23

 
(37
)
Unrealized holding gains (losses) on securities arising during period
66

 
(25
)
 
41

Reclassification adjustment for holding (gains) losses realized in net earnings (loss)
(319
)
 
121

 
(198
)
Share of other comprehensive earnings (loss) of equity affiliates
11

 
(4
)
 
7

Other
90

 
(34
)
 
56

Other comprehensive earnings (loss) from discontinued operations
32

 
(12
)
 
20

Other comprehensive earnings (loss)
$
(180
)
 
69

 
(111
)
Year ended December 31, 2009:
 
 
 
 
 
Foreign currency translation adjustments
$
2

 
(1
)
 
1

Unrealized holding gains (losses) on securities arising during period
302

 
(115
)
 
187

Reclassification adjustment for holding (gains) losses realized in net earnings (loss)
(44
)
 
17

 
(27
)
Share of other comprehensive earnings (loss) of equity affiliates
(8
)
 
3

 
(5
)
Other
76

 
(29
)
 
47

Other comprehensive earnings (loss) from discontinued operations
116

 
(44
)
 
72

Other comprehensive earnings (loss)
$
444

 
(169
)
 
275