Time Magazine 2014 Annual Report Download - page 68

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TIME WARNER INC.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Year Ended December 31,
(millions)
2014 2013 2012
Net income .................................................... $ 3,827 $ 3,691 $ 2,922
Other comprehensive income, net of tax:
Foreign currency translation:
Unrealized gains (losses) occurring during the period ................... (228) (22) 51
Reclassification adjustment for (gains) losses realized in
net income ................................................... - (6) 10
Change in foreign currency translation .............................. (228) (28) 61
Securities:
Unrealized gains (losses) occurring during the period ................... (4) 13 1
Reclassification adjustment for gains realized in net income ............. (10) - -
Change in securities ............................................. (14) 13 1
Benefit obligations:
Unrealized gains (losses) occurring during the period ................... (187) 124 (206)
Reclassification adjustment for losses realized in net income ............. 19 22 18
Change in benefit obligations ...................................... (168) 146 (188)
Derivative financial instruments:
Unrealized gains occurring during the period ......................... 8 27 3
Reclassification adjustment for gains realized in
net income ................................................... (14) (21) (1)
Change in derivative financial instruments ........................... (6) 6 2
Other comprehensive income (loss) ................................. (416) 137 (124)
Comprehensive income .......................................... 3,411 3,828 2,798
Less Comprehensive loss attributable to noncontrolling interests .......... - - 3
Comprehensive income attributable to Time Warner Inc. shareholders ..... $ 3,411 $ 3,828 $ 2,801
See accompanying notes.
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