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Nike Inc. (NKE) | 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.

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Nike Inc., Consolidated Statement of Comprehensive Income

USD $ in millions

	12 months ended	May 31, 2012	May 31, 2011	May 31, 2010	May 31, 2009	May 31, 2008	May 31, 2007
	Net income
	Foreign currency translation and other, net of tax
	Realized foreign currency translation (gain) loss due to divestiture
	Net gain (loss) on cash flow hedges, net of tax
	Net gain (loss) on net investment hedges, net of tax
	Reclassification to net income of previously deferred net (gains) losses related to hedge derivatives, net of tax
	Reclassification of ineffective hedge (gains) losses to net income, net of tax
	Other comprehensive income (loss)
	Comprehensive income

Source: Nike Inc., Annual Reports

Item	Description	The company
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.	Nike Inc.'s foreign currency translation and other, net of tax increased from 2010 to 2011 but then declined significantly from 2011 to 2012.
Net gain (loss) on cash flow 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.	Nike Inc.'s net gain (loss) on cash flow hedges, net of tax declined from 2010 to 2011 but then increased from 2011 to 2012 exceeding 2010 level.
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.	Nike Inc.'s comprehensive income increased from 2010 to 2011 and from 2011 to 2012.

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