MasterCard 2015 Annual Report Download - page 59

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53
MASTERCARD INCORPORATED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the Years Ended December 31,
2015 2014 2013
(in millions)
Net Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,808 $ 3,617 $ 3,116
Other comprehensive income (loss):
Foreign currency translation adjustments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (460) (436) 113
Income tax effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 — —
Foreign currency translation adjustments, net of income tax effect. . . . . . . . . . . . (433) (436) 113
Translation adjustments on net investment hedge . . . . . . . . . . . . . . . . . . . . . . . . . (40) — —
Income tax effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 — —
Translation adjustments on net investment hedge, net of income tax effect . . . . (26) — —
Defined benefit pension and other postretirement plans . . . . . . . . . . . . . . . . . . . . (19) (3) 7
Income tax effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 2 (3)
Defined benefit pension and other postretirement plans, net of income tax
effect (12) (1) 4
Reclassification adjustment for defined benefit pension and other
postretirement plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 7 6
Income tax effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (29) (3) (2)
Reclassification adjustment for defined benefit pension and other
postretirement plans, net of income tax effect . . . . . . . . . . . . . . . . . . . . . . . . 51 4 4
Investment securities available-for-sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (11) (5) (3)
Income tax effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1 2
Investment securities available-for-sale, net of income tax effect (11) (4) (1)
Reclassification adjustment for investment securities available-for-sale. . . . . . . . 15 (1) (5)
Income tax effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 2
Reclassification adjustment for investment securities available-for-sale, net of
income tax effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 (1) (3)
Other comprehensive income (loss), net of tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (416) (438) 117
Comprehensive Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,392 $ 3,179 $ 3,233
The accompanying notes are an integral part of these consolidated financial statements.