Foot Locker 2004 Annual Report Download - page 39

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
2004 2003 2002
(in millions)
Net income .............................................................. $293 $207 $153
Other comprehensive income, net of tax
Foreign currency translation adjustment:
Translation adjustment arising during the period ......................... 19 31 38
Cash flow hedges:
Change in fair value of derivatives, net of income tax .................... (1) — —
Reclassification adjustments, net of income tax expense (benefit) of $1,
($1), and $—, respectively ............................................ 1 (1) —
Net change in cash flow hedges ........................................... —(1)—
Minimum pension liability adjustment:
Minimum pension liability adjustment, net of deferred tax expense
(benefit) of $(9), $10 and $(56), respectively ......................... (14) 16 (83)
Comprehensive income ................................................. $298 $253 $108
See Accompanying Notes to Consolidated Financial Statements.
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