Consolidated Statements of Comprehensive Income

Year ended December 31 ($ in millions)

2015

2014

2013

See accompanying Notes to the Consolidated Financial Statements

Net income

2,055

2,718

2,907

 

 

 

 

Other comprehensive income (loss), net of tax:

 

 

 

Foreign currency translation adjustments

(1,058)

(1,680)

141

 

 

 

 

Available-for-sale securities:

 

 

 

Net unrealized gains (losses) arising during the year

(7)

(9)

(4)

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

1

15

(13)

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

(6)

6

(17)

 

 

 

 

Pension and other postretirement plans:

 

 

 

Prior service (costs) credits arising during the year

88

(3)

(16)

Net actuarial gains (losses) arising during the year

210

(614)

291

Amortization of prior service cost included in net income

26

17

23

Amortization of net actuarial loss included in net income

91

79

99

Pension and other postretirement plan adjustments

415

(521)

397

 

 

 

 

Cash flow hedge derivatives:

 

 

 

Net unrealized gains (losses) arising during the year

(20)

(52)

28

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

30

9

(43)

Unrealized gains (losses) of cash flow hedge derivatives

10

(43)

(15)

Total other comprehensive income (loss), net of tax

(639)

(2,238)

506

Total comprehensive income, net of tax

1,416

480

3,413

Comprehensive income attributable to noncontrolling interests, net of tax

(100)

(115)

(115)

Total comprehensive income, net of tax, attributable to ABB

1,316

365

3,298