Waste Management 2012 Annual Report Download - page 153

WASTE MANAGEMENT, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In Millions)
Years Ended December 31,
2012 2011 2010
Consolidated net income .................................................. $860 $1,009 $1,002
Other comprehensive income (loss), net of taxes:
Unrealized losses on derivative instruments:
Unrealized losses, resulting from changes in fair value, net of tax benefit of $(14),
$(20) and $(28), respectively ........................................ (22) (30) (43)
Reclassification adjustment for losses included in net income, net of tax benefit of
$5, $1 and $12, respectively ......................................... 10 1 18
(12) (29) (25)
Unrealized gains (losses) on available-for-sale securities, net of tax expense
(benefit) of $2, $(2) and $2, respectively ............................... 2 (3) 3
Foreign currency translation adjustments ................................... 33 (18) 49
Change in funded status of post-retirement benefit obligation, net of tax benefit of
$(2), $(5) and $(3), respectively ........................................ (2) (8) (5)
Other comprehensive income (loss), net of taxes ............................... 21 (58) 22
Comprehensive income ................................................... 881 951 1,024
Less: Comprehensive income attributable to noncontrolling interests ............... 43 48 49
Comprehensive income attributable to Waste Management, Inc. ................... $838 $ 903 $ 975
See notes to Consolidated Financial Statements.
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