Freddie Mac 2015 Annual Report Download - page 215

Financial Statements Notes to the Consolidated Financial Statements | Note 1
Freddie Mac 2015 Form 10-K 213
account. We invest the cash held in the custodial account in short-term investments and are entitled to
the interest income earned on these short-term investments, which is recorded as interest income, other
on our consolidated statements of comprehensive income.
COMPREHENSIVE INCOME
Comprehensive income includes all changes in equity during a period, except those resulting from
investments by stockholders. We define comprehensive income as consisting of net income (loss) plus
after-tax changes in:
• The unrealized gains and losses on available-for-sale securities;
• The effective portion of derivatives accounted for as cash flow hedge relationships; and
• Defined benefit plans.
OTHER SIGNIFICANT ACCOUNTING POLICIES
The table below identifies our other significant accounting policies and the related note in which they can
be found.
Accounting Policy Note
Variable Interest Entities Note 3
Financial Guarantees Note 3
Loans and Allowance for Loan Losses Note 4
Real Estate Owned Note 5
Investments in Securities Note 6
Debt Note 7
Derivatives Note 8
Collateralized Agreements and Offsetting Arrangements Note 9
Repurchase and Resale Agreements and Dollar Roll Transactions Note 9
Earnings Per Share Note 10
Stockholders’ Equity Note 10
Income Taxes Note 11
Segment Reporting Note 12
Fair Value Measurements Note 14