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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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Philip Morris International Inc., Consolidated Statement of Comprehensive Income
USD $ in millions
| Item | Description | The company |
|---|---|---|
| Currency translation adjustments, net of income taxes | 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. | Philip Morris International Inc.'s currency translation adjustments, net of income taxes declined from 2009 to 2010 and from 2010 to 2011. |
| Change in net loss and prior service cost, net of income taxes | Net changes to accumulated comprehensive income during the period related to benefit plans, after tax, attributable to the parent entity. | Philip Morris International Inc.'s change in net loss and prior service cost, net of income taxes declined from 2009 to 2010 and from 2010 to 2011. |
| Change in fair value of derivatives accounted for as hedges, net of income taxes | 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. | Philip Morris International Inc.'s change in fair value of derivatives accounted for as hedges, net of income taxes declined from 2009 to 2010 but then slightly increased from 2010 to 2011. |
| Change in fair value of debt and equity securities, net of income taxes | Gross appreciation or the gross loss in value of the total unsold securities at the end of an accounting period, after tax, attributable to the parent entity. | Philip Morris International Inc.'s change in fair value of debt and equity securities, net of income taxes declined from 2009 to 2010 but then slightly increased from 2010 to 2011. |
| Comprehensive earnings attributable to PMI | 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. | Philip Morris International Inc.'s comprehensive earnings attributable to PMI declined from 2009 to 2010 and from 2010 to 2011. |
May 24, 2012
