Time Magazine 2012 Annual Report Download - page 71

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TIME WARNER INC.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Year Ended December 31,
(millions)
2012 2011 2010
Net income ........................................................ $ 3,016 $ 2,882 $ 2,571
Other comprehensive income, net of tax:
Foreign currency translation:
Unrealized gains (losses) occurring during the period ....................... 39 (54) (131)
Less Reclassification adjustment for losses realized in net income ............. 10 — —
Change in foreign currency translation .................................. 49 (54) (131)
Unrealized gains (losses) on securities:
Unrealized gains (losses) occurring during the period ....................... 1 4 (2)
Less Reclassification adjustment for losses realized in net income ............. — — 1
Net gains (losses) on securities ........................................ 1 4 (1)
Benefit obligation:
Unrealized gains (losses) occurring during the period ....................... (206) (209) 27
Less Reclassification adjustment for losses realized in net income ............. 18 13 28
Net benefit obligations ............................................... (188) (196) 55
Derivative financial instruments:
Unrealized gains (losses) occurring during the period ....................... 3 7 (1)
Less Reclassification adjustment for (gains) losses realized in net income ...... (1) 19 26
Net gains on derivative financial instruments ............................. 2 26 25
Other comprehensive loss ............................................ (136) (220) (52)
Comprehensive income .............................................. 2,880 2,662 2,519
Less Comprehensive loss attributable to noncontrolling interest ..............347
Comprehensive income attributable to Time Warner Inc. shareholders ......... $ 2,883 $ 2,666 $ 2,526
See accompanying notes.
55