Raytheon 2012 Annual Report Download - page 89

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81
RAYTHEON COMPANY
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In millions) Years Ended December 31: 2012 2011 2010
Net income $ 1,900 $ 1,896 $ 1,879
Other comprehensive income (loss), before tax:
Foreign exchange translation 35 (3)(18)
Cash flow hedges and interest rate locks 13 (9)(42)
Unrealized gains (losses) on investments and other, net (6)3(13)
Pension and other employee benefit plans:
Net change in initial net obligation 14 4
Prior service (cost) credit arising during period (2)45 (15)
Net loss arising during period (2,217)(3,688)(968)
Amortization of prior service cost (credit) included in net periodic pension
cost 71(32)
Amortization of net actuarial loss included in net income 942 795 601
Effect of exchange rates (6)(2) 5
Pension and other employee benefit plans, net (1,275)(2,845)(405)
Other comprehensive income (loss), before tax (1,233)(2,854)(478)
Income tax (expense) benefit related to items of other comprehensive income 446 999 156
Other comprehensive income (loss), net of tax (787)(1,855)(322)
Total comprehensive income 1,113 41 1,557
Less: Comprehensive income attributable to noncontrolling interests in subsidiaries 12 30 39
Comprehensive income attributable to Raytheon Company $ 1,101 $ 11 $ 1,518
The accompanying notes are an integral part of the consolidated financial statements.