Consolidated Statements of Comprehensive Income

Year ended December 31 ($ in millions)

2014

2013

2012

See accompanying Notes to the Consolidated Financial Statements

Net income

2,718

2,907

2,812

 

 

 

 

Other comprehensive income (loss), net of tax:

 

 

 

Foreign currency translation adjustments

(1,680)

141

383

 

 

 

 

Available-for-sale securities:

 

 

 

Net unrealized gains (losses) arising during the year

(9)

(4)

3

Reclassification adjustments for net (gains) losses included in net income

15

(13)

1

Unrealized gains (losses) on available-for-sale securities

6

(17)

4

 

 

 

 

Pension and other postretirement plans:

 

 

 

Prior service costs arising during the year

(3)

(16)

(36)

Net actuarial gains (losses) arising during the year

(614)

291

(601)

Amortization of prior service cost included in net income

17

23

30

Amortization of net actuarial loss included in net income

79

99

70

Pension and other postretirement plan adjustments

(521)

397

(537)

 

 

 

 

Cash flow hedge derivatives:

 

 

 

Net unrealized gains (losses) arising during the year

(52)

28

53

Reclassification adjustments for net (gains) losses included in net income

9

(43)

(28)

Unrealized gains (losses) of cash flow hedge derivatives

(43)

(15)

25

Total other comprehensive income (loss), net of tax

(2,238)

506

(125)

Total comprehensive income, net of tax

480

3,413

2,687

Comprehensive income attributable to noncontrolling interests, net of tax

(115)

(115)

(98)

Total comprehensive income, net of tax, attributable to ABB

365

3,298

2,589