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Those requirements gave entities the option of presenting reclassification adjustments out of AOCI on the face of the statement in which OCI is presented or disclosing reclassification adjustments in the footnotes to the financial statements.
In hedge accounting, having an entry in AOCI is used as a technical device for breaking the typical accounting articulation between the balance sheet and income statement and, as a result, having changes in the asset or liability on the balance sheet that do not flow through from the income statement.
Unrealized gains and losses associated with financial instruments designated as held for trading are reflected in net income immediately, whereas unrealized gains and losses related to financial instruments which are considered to be available for sale are deferred in AOCI.
Compare beginning AOCI subject to amortization to the "corridor.
At 2-01-X2, BC again adjusts the receivable and forward contracts to fair value, offsetting gains and losses against AOCI.
All deferred amounts (any remaining unamortized transition obligation, unrecognized gains and losses, and unrecognized prior service costs) would be reported as AOCI, and would gradually trickle down to the income statement, following the corridor approach currently used to measure pension expense.
Consistent with its strategy, the company has steadily expanded its return, with operating return on equity excluding AOCI reaching 17.