AIG 2008 Annual Report Download - page 205

Consolidated Statement of Comprehensive Income (Loss)
2008 2007 2006
Years Ended December 31,
(In millions)
Net income (loss) ........................................ $ (99,289) $ 6,200 $14,048
Other comprehensive income (loss):
Cumulative effect of change in accounting principles ............ (162) ——
Income tax benefit on above changes ...................... 57 ——
Unrealized appreciation (depreciation) of investments — net of
reclassification adjustments .............................. (13,670) (8,046) 2,574
Income tax benefit (expense) on above changes ............... 4,948 2,338 (839)
Foreign currency translation adjustments ...................... (1,423) 1,325 1,283
Income tax benefit (expense) on above changes ............... 356 (140) (347)
Net derivative gains (losses) arising from cash flow hedging
activities — net of reclassification adjustments ............... (156) (133) 13
Income tax expense (benefit) on above changes ............... 52 73 (15)
Change in retirement plan liabilities adjustment ................ (1,325) 173 80
Income tax benefit (expense) on above changes ............... 352 (57) (74)
Other comprehensive income (loss) .......................... (10,971) (4,467) 2,675
Comprehensive income (loss) ............................... $(110,260) $ 1,733 $16,723
See Accompanying Notes to Consolidated Financial Statements.
AIG 2008 Form 10-K 199
American International Group, Inc., and Subsidiaries