Chevron 2008 Annual Report Download - page 61

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Chevron Corporation 2008 Annual Report 59Chevron Corporation 2008 Annual Report 59
Consolidated Statement of Comprehensive Income
Millions of dollars
Year ended December 31
2008 2007 2006
Net Income $ 23,931 $ 18,688 $ 17,138
Currency translation adjustment
Unrealized net change arising during period (112) 31 55
Unrealized holding (loss) gain on securities
Net (loss) gain arising during period (6) 17 (88)
Reclassification to net income of net realized loss – 2 –
T o t a l (6) 19 (88)
Derivatives
Net derivatives gain (loss) on hedge transactions 139 (10) 2
Reclassification to net income of net realized loss 32 7 95
Income taxes on derivatives transactions (61) (3) (30)
T o t a l 110 (6) 67
Defined benefit plans
Minimum pension liability adjustment – – (88)
Actuarial loss
Amortization to net income of net actuarial loss 483 356 –
Actuarial (loss) gain arising during period (3,228) 530 –
Prior service cost
Amortization to net income of net prior service credits (64) (15) –
Prior service (credit) cost arising during period (32) 204 –
Defined benefit plans sponsored by equity affiliates (97) 19 –
Income taxes on defined benefit plans 1,037 (409) 50
T o t a l ( 1,901) 685 (38)
Other Comprehensive (Loss) Gain, Net of Tax (1,909) 729 (4)
Comprehensive Income $ 22,022 $ 19,417 $ 17,134
See accompanying Notes to the Consolidated Financial Statements.