Raytheon 2013 Annual Report Download - page 86

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76
RAYTHEON COMPANY
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In millions) Years Ended December 31: 2013 2012 2011
Net income $ 2,013 $ 1,900 $ 1,896
Other comprehensive income (loss), before tax:
Foreign exchange translation (13)35 (3)
Cash flow hedges and interest rate locks (4)13 (9)
Unrealized gains (losses) on investments and other, net 1(6) 3
Pension and other employee benefit plans, net:
Net change in initial net obligation —1 4
Prior service (cost) credit arising during period —(2) 45
Net gain (loss) arising during period 2,965 (2,217)(3,688)
Amortization of prior service cost (credit) included in net periodic cost 77 1
Amortization of net actuarial loss included in net income 1,154 942 795
Effect of exchange rates 2(6)(2)
Pension and other employee benefit plans, net 4,128 (1,275)(2,845)
Other comprehensive income (loss), before tax 4,112 (1,233)(2,854)
Income tax benefit (expense) related to items of other comprehensive income (loss) (1,437)446 999
Other comprehensive income (loss), net of tax 2,675 (787)(1,855)
Total comprehensive income 4,688 1,113 41
Less: Comprehensive income (loss) attributable to noncontrolling interests in
subsidiaries 17 12 30
Comprehensive income attributable to Raytheon Company $ 4,671 $ 1,101 $ 11
The accompanying notes are an integral part of the consolidated financial statements.