Freddie Mac 2015 Annual Report Download - page 33
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Management's Discussion and Analysis Our Business Segments | Segment Earnings
Freddie Mac 2015 Form 10-K 31
Guarantee segment. Prior period results have been revised to conform to the current period presentation.
We reclassified $775 million and $533 million of Temporary Payroll Tax Cut Continuation Act of 2011
expense into management and guarantee fee income for 2014 and 2013, respectively.
Segment Earnings differs significantly from, and should not be used as a substitute for, net income (loss)
as determined in accordance with GAAP. Our definition of Segment Earnings may differ from similar
measures used by other companies. We believe that Segment Earnings provides us with meaningful
metrics to assess the financial performance of each segment and our company as a whole. See Note 12
for additional details on Segment Earnings, including additional financial information for our segments.
SEGMENT COMPREHENSIVE INCOME
The table below shows our comprehensive income by segment, including the All Other category.