Time Magazine 2013 Annual Report Download - page 74

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TIME WARNER INC.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Year Ended December 31,
(millions)
2013 2012 2011
Net income ........................................................ $ 3,691 $ 2,922 $ 2,882
Other comprehensive income, net of tax:
Foreign currency translation:
Unrealized gains (losses) occurring during the period ....................... (22) 51 (75)
Less Reclassification adjustment for (gains) losses realized in net income ...... (6) 10
Change in foreign currency translation .................................. (28) 61 (75)
Unrealized gains occurring during the period ............................. 13 1 4
Benefit obligations:
Unrealized gains (losses) occurring during the period ....................... 124 (206) (209)
Less Reclassification adjustment for losses realized in net income ............. 22 18 13
Change in benefit obligations .......................................... 146 (188) (196)
Derivative financial instruments:
Unrealized gains occurring during the period ............................. 27 3 7
Less Reclassification adjustment for (gains) losses realized in net income ...... (21) (1) 19
Change in derivative financial instruments ............................... 6 2 26
Other comprehensive income (loss) ..................................... 137 (124) (241)
Comprehensive income .............................................. 3,828 2,798 2,641
Less Comprehensive loss attributable to noncontrolling interests .............. — 3 4
Comprehensive income attributable to Time Warner Inc. shareholders ......... $ 3,828 $ 2,801 $ 2,645
See accompanying notes.
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