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## MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

The following table reflects the accumulated balances of other comprehensive income (loss): 

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The income tax expense (benefit) associated with items included in other comprehensive income (loss) was approximately $22.6 million, $(1.3) million and $(15.5) million for the years ended December 31, 2013, 2012 and 2011, respectively. 

The following are the reclassifications out of accumulated other comprehensive income, net of related tax: 

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The above amounts are included in net periodic pension costs. Please see note 14 to the condensed consolidated financial statements. 

## Note 19. Accounting for Asset Retirement Obligations 

The Company records asset retirement obligations in which the Company will be required to retire tangible long-lived assets. These are primarily related to its PCC satellite facilities and mining operations. The Company has also recorded the provisions related to conditional asset retirement obligations at its facilities. The Company has recorded asset retirement obligations at all of its facilities except where there are no contractual or legal obligations. The associated asset retirement costs are capitalized as part of the carrying amount of the long-lived asset. 

The following is a reconciliation of asset retirement obligations as of December 31, 2013 and 2012: 

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The current portion of the liability of approximately $0.4 million is included in other current liabilities. The long-term portion of the liability of approximately $14.3 million is included in other non-current liabilities. 

Accretion expense is included in cost of goods sold in the Company's Consolidated Statements of Income. 

