Freddie Mac 2015 Annual Report Download - page 290

Financial Statements Notes to the Consolidated Financial Statements | Note 12
Freddie Mac 2015 Form 10-K 288
The table below presents detailed reconciliations between our GAAP financial statements and Segment
Earnings for our reportable segments and All Other.
Year Ended December 31, 2015
Total
Segment
Earnings
(Loss),
Net of Tax
Reconciliation to Consolidated Statements of
Comprehensive Income Total per
Consolidated
Statements of
Comprehensive
Income(in millions)
Single-
family
Guarantee Multifamily Investments All Other Reclassifications Segment Adjustments
Total
Reconciling
Items
Net interest income
(expense) $ (111) $ 927 $1,734 $ — $ 2,550 $ 11,615 $ 781 $ 12,396 $ 14,946
Benefit (Provision) for
credit losses 2,030 26 —— 2,056 609 — 609 2,665
Non-interest income
(loss):
Management and
guarantee income(1) 5,406 339 — — 5,745 (5,122) (254) (5,376) 369
Net impairment of
available-for-sale
securities recognized
in earnings — (22) 420 — 398 (690) — (690) (292)
Derivative gains
(losses) (37) 372 (70) — 265 (2,961) — (2,961) (2,696)
Gains (losses) on
trading securities — (98) (737) — (835) — — — (835)
Gains (losses) on
loans (2,001) (93) —— (2,094) — — — (2,094)
Other non-interest
income 616 137 3,679 — 4,432 (2,483) — (2,483) 1,949
Non-interest expense:
Administrative
expense (1,285) (325)(317) — (1,927) — — — (1,927)
REO operations
(expense) income (334) (4) —— (338) — — — (338)
Other non-interest
(expense) income (1,445) (56) (4) — (1,505) (968) — (968) (2,473)
Segment adjustments (254) — 781 — 527 — (527) (527) —
Income tax (expense)
benefit (807) (376)(1,715) — (2,898) — — — (2,898)
Net income (loss) 1,778 827 3,771 — 6,376 — — — 6,376
Changes in unrealized
gains (losses) related to
available-for-sale
securities — (264)(542) — (806) — — — (806)
Changes in unrealized
gains (losses) related to
cash flow hedge
relationships — — 182 — 182 — — — 182
Changes in defined
benefit plans 12 3 428 47 — — — 47
Total other
comprehensive income
(loss), net of taxes 12 (261)(356) 28 (577) — — — (577)
Comprehensive income
(loss) $ 1,790 $ 566 $3,415 $ 28 $ 5,799 $ — $ — $ — $ 5,799