IBM 2012 Annual Report Download - page 72

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71
Consolidated Statement of Comprehensive Income
International Business Machines Corporation and Subsidiary Companies
($ in millions)
For the year ended December 31: Notes 2012 2011 2010
Net income $16,604 $15,855 $14,833
Other comprehensive income/(loss), before tax
Foreign currency translation adjustments L(44)(693)712
Net changes related to available-for-sale securities L
Unrealized gains/(losses) arising during the period 8(14)70
Reclassification of (gains)/losses to net income (42)(231)0
Subsequent changes in previously impaired securities arising during the period 20 4 8
Total net changes related to available-for-sale securities (14)(241)78
Unrealized gains/(losses) on cash flow hedges L
Unrealized gains/(losses) arising during the period 32 (266)371
Reclassification of (gains)/losses to net income (253)511 203
Total unrealized gains/(losses) on cash flow hedges (220)245 573
Retirement-related benefit plans L
Prior service costs/(credits) —(28)28
Net (losses)/gains arising during the period (7,489)(5,463)(2,728)
Curtailments and settlements (2)11 10
Amortization of prior service (credits)/cost (148)(157)(183)
Amortization of net (gains)/losses 2,457 1,847 1,249
Total retirement-related benefit plans (5,182)(3,790)(1,624)
Other comprehensive income/(loss), before tax L(5,460)(4,479)(260)
Income tax (expense)/benefit related to items of other comprehensive income L1,587 1,339 348
Other comprehensive income/(loss) L(3,874)(3,142)87
Total comprehensive income $12,731 $12,713 $14,920
Amounts may not add due to rounding.
The accompanying notes on pages 76 through 138 are an integral part of the financial statements.