Time Magazine 2011 Annual Report Download - page 72

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TIME WARNER INC.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Year Ended December 31,
(millions)
2011 2010 2009
Net income ........................................................ $ 2,882 $ 2,571 $ 2,512
Other comprehensive income, net of tax:
Foreign currency translation adjustments ................................ (54) (131) 222
Unrealized gains (losses) on securities:
Unrealized gains (losses) occurring during the period ....................... 4 (2) 1
Less Reclassification adjustment for (gains) losses realized in net income ...... — 1 (13)
Net gains (losses) on securities ........................................ 4 (1) (12)
Benefit obligations: .................................................
Unrealized gains (losses) occurring during the period ....................... (209) 27 111
Less Reclassification adjustment for losses realized in net income ............. 13 28 72
Net benefit obligations ............................................... (196) 55 183
Derivative financial instruments gains (losses):
Unrealized gains (losses) occurring during the period ....................... 7 (1) (4)
Less Reclassification adjustment for losses realized in net income ............. 19 26 39
Net gains on derivative financial instruments ............................. 26 25 35
Other comprehensive income (loss) ..................................... (220) (52) 428
Comprehensive income .............................................. 2,662 2,519 2,940
Less Comprehensive (income) loss attributable to noncontrolling interest ....... 4 7 (36)
Comprehensive income attributable to Time Warner Inc. shareholders ......... $ 2,666 $ 2,526 $ 2,904
See accompanying notes.
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