General Dynamics 2015 Annual Report Download - page 41

Download and view the complete annual report

Please find page 41 of the 2015 General Dynamics annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 84

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Year Ended December 31
(Dollars in millions) 2015 2014 2013
Net earnings $ 2,965 $ 2,533 $2,357
(Losses) gains on cash flow hedges (394) (279) 3
Unrealized (losses) gains on securities (2) 10 12
Foreign currency translation adjustments (374) (436) (118)
Change in retirement plans’ funded status 500 (1,745) 2,595
Other comprehensive (loss) income, pretax (270) (2,450) 2,492
Provision (benefit) for income tax, net 84 (703) 902
Other comprehensive (loss) income, net of tax (354) (1,747) 1,590
Comprehensive income $ 2,611 $ 786 $3,947
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
General Dynamics Annual Report 2015 37