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Merck & Co. Inc. (MRK) | Statement of Comprehensive Income

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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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Merck & Co. Inc., Consolidated Statement of Comprehensive Income

USD $ in millions

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  12 months ended Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
chart Net income
chart Net unrealized gain (loss) on derivatives
chart Net (gain) loss realization
chart Derivatives
chart Net unrealized gain (loss) on investments
chart Net (gain) loss realization
chart Investments
chart Benefit plan net (loss) gain and prior service cost (credit), net of amortization
chart Cumulative translation adjustment
chart Other comprehensive income (loss), net of tax
chart Comprehensive income, net of tax
chart Comprehensive income attributable to noncontrolling interests
chart Comprehensive income attributable to Merck & Co., Inc.
Source: Merck & Co. Inc., Annual Reports
Item Description The company
Derivatives 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. Merck & Co. Inc.'s derivatives increased from 2009 to 2010 but then slightly declined from 2010 to 2011 not reaching 2009 level.
Net unrealized gain (loss) on investments Appreciation or loss in value (before reclassification adjustment) of the total of unsold securities during the period being reported on, net of tax. Reclassification adjustments include: (1) the unrealized holding gain (loss), net of tax, at the date of the transfer for a debt security from the held-to-maturity category transferred into the available-for-sale category. Also includes the unrealized gain (loss) at the date of transfer for a debt security from the available-for-sale category transferred into the held-to-maturity category; (2) the unrealized gains (losses) realized upon the sale of securities, after tax; and (3) the unrealized gains (losses) realized upon the write-down of securities, after tax. Merck & Co. Inc.'s net unrealized gain (loss) on investments declined from 2009 to 2010 and from 2010 to 2011.
Net (gain) loss realization Reclassification adjustment for unrealized gains or losses realized upon the sale of securities, after tax. Merck & Co. Inc.'s net (gain) loss realization increased from 2009 to 2010 and from 2010 to 2011.
Benefit plan net (loss) gain and prior service cost (credit), net of amortization Net changes to accumulated comprehensive income during the period related to benefit plans, after tax, attributable to the parent entity. Merck & Co. Inc.'s benefit plan net (loss) gain and prior service cost (credit), net of amortization increased from 2009 to 2010 but then declined significantly from 2010 to 2011.
Cumulative translation adjustment 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. Merck & Co. Inc.'s cumulative translation adjustment declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
Comprehensive income attributable to Merck & Co., Inc. 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. Merck & Co. Inc.'s comprehensive income attributable to Merck & Co., Inc. declined from 2009 to 2010 but then slightly increased from 2010 to 2011.

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