Morgan Stanley 2009 Annual Report Download - page 121

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MORGAN STANLEY
Consolidated Statements of Comprehensive Income
(dollars in millions)
2009
Fiscal Year
2008
Fiscal Year
2007
One Month
Ended
December 31,
2008
Net income (loss) ...................................... $1,406 $1,778 $3,249 $(1,285)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments(1) ............. 112 (270) 187 (96)
Net change in cash flow hedges(2) ..................... 13 16 19 2
Minimum pension liability adjustment(3) ............... — — (40) —
Net (loss) gain related to pension and postretirement
adjustments(4) .................................. (305) 203 — (200)
Prior service credit related to pension and postretirement
adjustments(5) .................................. 10 — — —
Amortization of net loss related to pension and
postretirement benefits(6) .......................... 28 19 — —
Amortization of prior service credit related to pension and
postretirement benefits(7) .......................... (6) (6) — (1)
Comprehensive income (loss) ............................ $1,258 $1,740 $3,415 $(1,580)
Net income applicable to non-controlling interests ........ 60 71 40 3
Other comprehensive (loss) income applicable to
non-controlling interests ........................... (8) (110) 122 —
Comprehensive income (loss) applicable to Morgan Stanley .... $1,206 $1,779 $3,253 $(1,583)
(1) Amounts are net of (benefit from) provision for income taxes of $(335) million, $388 million, $(132) million and $(52) million for 2009,
fiscal 2008, fiscal 2007 and the one month ended December 31, 2008, respectively.
(2) Amounts are net of provision for income taxes of $8 million, $11 million, $10 million and $1 million for 2009, fiscal 2008, fiscal 2007
and the one month ended December 31, 2008, respectively.
(3) Amounts are net of income tax benefits of $(16) million for fiscal 2007.
(4) Amount is net of (benefit from) provision for income taxes of $(179) million, $138 million and $(132) million for 2009, fiscal 2008 and
the one month ended December 31, 2008, respectively.
(5) Amount is net of provision for income taxes of $6 million.
(6) Amount is net of provision for income taxes of $16 million and $13 million for 2009 and fiscal 2008, respectively.
(7) Amount is net of income tax benefits of $(4) million for 2009 and fiscal 2008, respectively.
See Notes to Consolidated Financial Statements.
116