Waste Management 2013 Annual Report Download - page 170

WASTE MANAGEMENT, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In Millions)
Years Ended December 31,
2013 2012 2011
Consolidated net income ................................................... $130 $860 $1,009
Other comprehensive income (loss), net of taxes:
Gains and losses on derivative instruments:
Unrealized gains (losses), resulting from changes in fair value, net of tax expense
(benefit) of $9, $(14) and $(20), respectively ............................. 14 (22) (30)
Reclassification adjustment for (gains) losses included in net income, net of tax
(expense) benefit of $(1), $5 and $1, respectively. ......................... (2) 10 1
12 (12) (29)
Unrealized gains (losses) on available-for-sale securities, net of tax expense
(benefit) of $1, $2 and $(2), respectively ................................. 2 2 (3)
Foreign currency translation adjustments .................................... (68) 33 (18)
Change in funded status of post-retirement benefit obligation, net of tax expense
(benefit) of $10, $(2) and $(5), respectively ................................ 15 (2) (8)
Other comprehensive income (loss), net of taxes ................................ (39) 21 (58)
Comprehensive income .................................................... 91 881 951
Less: Comprehensive income attributable to noncontrolling interests ................ 32 43 48
Comprehensive income attributable to Waste Management, Inc. .................... $ 59 $838 $ 903
See notes to Consolidated Financial Statements.
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