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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.
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Marathon Oil Corp., Consolidated Statement of Comprehensive Income
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Net income | ![]() |
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Postretirement and post-employment plans, net of tax | ![]() |
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Derivative hedges, net of tax | ![]() |
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Foreign currency translation and other, net of tax | ![]() |
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Other comprehensive income (loss) | ![]() |
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Comprehensive income | ![]() |
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| Item | Description | The company |
|---|---|---|
| Postretirement and post-employment plans, net of tax | Net changes to accumulated comprehensive income during the period related to benefit plans, after tax, attributable to the parent entity. | Marathon Oil Corp.'s postretirement and post-employment plans, net of tax increased from 2009 to 2010 and from 2010 to 2011. |
| Derivative hedges, net of tax | Net of tax effect change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges, after taxes, that is attributable to the parent entity. A cash flow hedge is a hedge of the exposure to variability in the cash flows of a recognized asset or liability or a forecasted transaction that is attributable to a particular risk. The change includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. | Marathon Oil Corp.'s derivative hedges, net of tax declined from 2009 to 2010 and from 2010 to 2011. |
| Foreign currency translation and other, net of tax | Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity, net of tax, attributable to the parent entity. | Marathon Oil Corp.'s foreign currency translation and other, net of tax declined from 2009 to 2010 and from 2010 to 2011. |
| Comprehensive income | The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. | Marathon Oil Corp.'s comprehensive income increased from 2009 to 2010 and from 2010 to 2011. |
May 23, 2012