IBM 2014 Annual Report Download - page 82

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81
Consolidated Statement of Comprehensive Income
International Business Machines Corporation and Subsidiary Companies
($ in millions)
For the year ended December 31: Notes 2014 2013 2012
Net income $12,022 $16,483 $16,604
Other comprehensive income/(loss), before tax
Foreign currency translation adjustments L(1,636) (1,335) (44)
Net changes related to available-for-sale securities L
Unrealized gains/(losses) arising during the period (29) (4) 8
Reclassification of (gains)/losses to net income 5(8) (42)
Subsequent changes in previously impaired securities arising during the period 04 20
Total net changes related to available-for-sale securities (24) (8) (14)
Unrealized gains/(losses) on cash flow hedges L
Unrealized gains/(losses) arising during the period 958 43 32
Reclassification of (gains)/losses to net income (97) (166) (253)
Total unrealized gains/(losses) on cash flow hedges 861 (123) (220)
Retirement-related benefit plans L
Prior service costs/(credits) 116 —
Net (losses)/gains arising during the period (9,799) 5,369 (7,489)
Curtailments and settlements 24 (3) (2)
Amortization of prior service (credits)/costs (114) (114) (148)
Amortization of net (gains)/losses 2,531 3,499 2,457
Total retirement-related benefit plans (7,357) 8,767 (5,182)
Other comprehensive income/(loss), before tax L(8,156) 7,301 (5,460)
Income tax (expense)/benefit related to items of other comprehensive income L1,883 (3,144) 1,587
Other comprehensive income/(loss) L(6,274) 4,157 (3,874)
Total comprehensive income $ 5,748 $20,641 $12,731
Amounts may not add due to rounding.
The accompanying notes on pages 86 through 150 are an integral part of the financial statements.