Johnson and Johnson 2014 Annual Report Download - page 32

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JOHNSON & JOHNSON AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Dollars in Millions) (Note 1)
2014 2013 2012
Net earnings $16,323 13,831 10,514
Other comprehensive income (loss), net of tax
Foreign currency translation (4,601) 94 1,230
Securities:
Unrealized holding gain (loss) arising during period 156 225 (248)
Reclassifications to earnings (5) (314) (5)
Net change 151 (89) (253)
Employee benefit plans:
Prior service cost amortization during period (18) 9 2
Prior service credit (cost) – current year 211 (27) (8)
Gain amortization during period 400 515 370
Gain (loss) – current year (4,098) 2,203 (1,643)
Effect of exchange rates 197 8 (52)
Net change (3,308) 2,708 (1,331)
Derivatives & hedges:
Unrealized gain (loss) arising during period 92 344 52
Reclassifications to earnings (196) (107) 124
Net change (104) 237 176
Other comprehensive income (loss) (7,862) 2,950 (178)
Comprehensive income 8,461 16,781 10,336
Comprehensive loss attributable to noncontrolling interest, net of tax – – 339
Comprehensive income attributable to Johnson & Johnson $8,461 16,781 10,675
The tax effects in other comprehensive income for the fiscal years ended 2014, 2013 and 2012 respectively: Securities;
$81 million, $48 million and $136 million, Employee Benefit Plans; $1,556 million, $1,421 million and $653 million,
Derivatives & Hedges; $56 million, $128 million and $95 million.
See Notes to Consolidated Financial Statements
22 •Johnson & Johnson 2014 Annual Report