CHS 2011 Annual Report Download - page 58

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2011 CHS 57
NOTE 16
COMPREHENSIVE INCOME
The components of comprehensive income, net of taxes, for the years ended August 31, 2011, 2010 and 2009 are
as follows:
(DOLLARS IN THOUSANDS) 2011 2010 2009
Net income including noncontrolling interests $1,061,028 $535,397 $440,374
Pension and other postretirement, net of tax expense (benefit) of $17,776, $(30,847) and $(53,408) in
2011, 2010 and 2009, respectively 28,001 (47,667) (82,069)
Unrealized net gain (loss) on available for sale investments, net of tax expense (benefit) of $455, $(477)
and $(6,687) in 2011, 2010 and 2009, respectively 716 (750) (10,503)
Treasury locks and swaps, net of tax (benefit) expense of $(2,180), $227 and $258 in 2011, 2010 and
2009, respectively (3,424) 356 405
Energy derivative instruments qualified for hedge accounting, net of tax expense (benefit) of $1,540 and
$(1,540) in 2011 and 2010, respectively 2,419 (2,419)
Foreign currency translation adjustment, net of tax expense (benefit) of $2,842, $(791) and $(1,570) in
2011, 2010 and 2009, respectively 4,464 (1,242) (2,466)
Other comprehensive income (loss) 32,176 (51,722) (94,633)
Total comprehensive income, including noncontrolling interests 1,093,204 483,675 345,741
Comprehensive income attributable to noncontrolling interests 101,458 30,513 52,562
Comprehensive income attributable to CHS Inc. $ 991,746 $453,162 $293,179
The components of accumulated other comprehensive loss, net of taxes, as of August 31, 2011 and 2010 are
as follows:
(DOLLARS IN THOUSANDS) 2011 2010
Pension and other postretirement, net of tax benefit of $123,321 and $141,097 in 2011 and 2010, respectively $(190,511) $(218,512)
Unrealized net gain on available for sale investments, net of tax expense of $659 and $204 in 2011
and 2010, respectively 1,036 320
Treasury locks and swaps, net of tax benefit of $2,796 and $616 in 2011 and 2010, respectively (4,392) (968)
Energy derivative instruments qualified for hedge accounting, net of tax benefit of $1,540 in 2010 (2,419)
Foreign currency translation adjustment, net of tax expense (benefit) of $2,808 and $(34) in 2011
and 2010, respectively 4,410 (54)
Accumulated other comprehensive loss, including noncontrolling interests (189,457) (221,633)
Accumulated other comprehensive loss attributable to noncontrolling interests (14,581) (16,366)
Accumulated other comprehensive loss attributable to CHS Inc. $(174,876) $(205,267)