Sallie Mae 2012 Annual Report Download - page 117
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SLM CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In millions)
Years Ended December 31,
2012 2011 2010
Net income .................................................................... $937 $632 $530
Other comprehensive income (loss):
Unrealized losses on derivatives:
Unrealized hedging losses on derivatives ......................................... (11) (6) (55)
Reclassification adjustments for derivative losses included in net income ............... 25 55 63
Total unrealized losses on derivatives ........................................... 14 49 8
Unrealized gains/(losses) on investments ........................................... (1) 2 2
Defined benefit pension plans adjustment .......................................... — (3) (16)
Income tax (expense) benefit .................................................... (5) (17) 2
Other comprehensive income (loss), net of tax ........................................ 8 31 (4)
Comprehensive income ........................................................... 945 663 526
Less: comprehensive loss attributable to noncontrolling interest ........................... (2) (1) —
Total comprehensive income attributable to SLM Corporation ............................ $947 $664 $526
See accompanying notes to consolidated financial statements.
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