Consolidated Statements of Comprehensive Income

Year ended December 31 ($ in millions)

2016

2015

2014

See accompanying Notes to the Consolidated Financial Statements

Net income

2,034

2,055

2,718

 

 

 

 

Other comprehensive income (loss), net of tax:

 

 

 

Foreign currency translation adjustments

(474)

(1,058)

(1,680)

 

 

 

 

Available-for-sale securities:

 

 

 

Net unrealized gains (losses) arising during the year

(7)

(9)

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

1

15

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

(6)

6

 

 

 

 

Pension and other postretirement plans:

 

 

 

Prior service (costs) credits arising during the year

(40)

88

(3)

Net actuarial gains (losses) arising during the year

44

210

(614)

Amortization of prior service cost included in net income

26

26

17

Amortization of net actuarial loss included in net income

62

82

81

Net losses from pension settlements included in net income

26

9

(2)

Pension and other postretirement plan adjustments

118

415

(521)

 

 

 

 

Cash flow hedge derivatives:

 

 

 

Net unrealized gains (losses) arising during the year

16

(20)

(52)

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

(6)

30

9

Unrealized gains (losses) of cash flow hedge derivatives

10

10

(43)

 

 

 

 

Total other comprehensive income (loss), net of tax

(346)

(639)

(2,238)

 

 

 

 

Total comprehensive income, net of tax

1,688

1,416

480

Comprehensive income attributable to noncontrolling interests, net of tax

(118)

(100)

(115)

Total comprehensive income, net of tax, attributable to ABB

1,570

1,316

365