Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

International Business Machines Corp., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	7,518)	1,659)	5,762)	5,612)	9,456)
Foreign currency translation adjustments, net of tax amount	103)	(229)	573)	(965)	(10)
Unrealized gains (losses) arising during the period	—)	(1)	—)	—)	1)
Net changes related to available-for-sale securities, net of tax amount	—)	(1)	—)	—)	1)
Unrealized gains (losses) arising during the period	144)	178)	256)	(261)	(522)
Reclassification of (gains) losses to net income	(116)	(294)	182)	(15)	59)
Unrealized gains (losses) on cash flow hedges, net of tax amount	28)	(116)	438)	(276)	(463)
Prior service costs (credits)	2)	364)	(52)	(29)	(63)
Net gains (losses) arising during the period	(2,579)	695)	1,832)	(1,383)	(68)
Curtailments and settlements	4)	4,480)	83)	38)	29)
Amortization of prior service (credits) costs	(6)	9)	9)	12)	(4)
Amortization of net (gains) losses	427)	1,293)	1,956)	1,863)	1,471)
Retirement-related benefit plans, net of tax amount	(2,152)	6,841)	3,828)	501)	1,365)
Other comprehensive income (loss)	(2,021)	6,495)	4,839)	(740)	893)
Comprehensive income	5,497)	8,154)	10,601)	4,872)	10,349)
Comprehensive income attributable to noncontrolling interest	(16)	(20)	(19)	(22)	(25)
Comprehensive income attributable to IBM	5,481)	8,134)	10,582)	4,850)	10,324)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Comprehensive income item	Description	The company
Net income attributable to IBM	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	International Business Machines Corp. net income attributable to IBM decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Comprehensive income attributable to IBM	Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Exclude changes in equity resulting from investments by owners and distributions to owners.	International Business Machines Corp. comprehensive income attributable to IBM decreased from 2021 to 2022 and from 2022 to 2023.

International Business Machines Corp. (NYSE:IBM)

Statement of Comprehensive Income