Foot Locker 2007 Annual Report Download - page 44

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28
See Accompanying Notes to Consolidated Financial Statements.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
2007 2006 2005
(in millions)
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 51 $ 251 $264
Other comprehensive income, net of tax
Foreign currency translation adjustment:
Translation adjustment arising during the period, net of tax . . . . . . . . . . . . . . . 60 27 (25)
Cash flow hedges:
Change in fair value of derivatives, net of income tax . . . . . . . . . . . . . . . . . . . . 1 — 2
Reclassification adjustments, net of income tax . . . . . . . . . . . . . . . . . . . . . . . . — — (1)
Net change in cash flow hedges: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 — 1
Minimum pension liability adjustment:
Minimum pension liability adjustment, net of deferred tax expense
of $-, $120 and $10 million, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . — 181 15
Pension and postretirement plan adjustments, net of income tax
benefit of $11 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (20) — —
Unrealized loss on available-for-sale securities . . . . . . . . . . . . . . . . . . . . . . . . . (2) — —
Comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 90 $459 $255