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Verizon Communications Inc. (VZ) | 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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Verizon Communications 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 Foreign currency translation adjustments
chart Unrealized gains (losses) on cash flow hedges
chart Unrealized gains (losses) on marketable securities
chart Defined benefit pension and postretirement plans
chart Other
chart Other comprehensive income (loss) attributable to noncontrolling interest
chart Other comprehensive income (loss)
chart Comprehensive income
chart Comprehensive income attributable to noncontrolling interest
chart Comprehensive income (loss) attributable to Verizon
Source: Verizon Communications Inc., Annual Reports
Item Description The company
Foreign currency translation adjustments 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. Verizon Communications Inc.'s foreign currency translation adjustments declined from 2009 to 2010 but then slightly increased from 2010 to 2011.
Unrealized gains (losses) on cash flow hedges 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. Verizon Communications Inc.'s unrealized gains (losses) on cash flow hedges increased from 2009 to 2010 but then declined significantly from 2010 to 2011.
Unrealized gains (losses) on marketable securities 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. Verizon Communications Inc.'s unrealized gains (losses) on marketable securities declined from 2009 to 2010 and from 2010 to 2011.
Defined benefit pension and postretirement plans Net changes to accumulated comprehensive income during the period related to benefit plans, after tax, attributable to the parent entity. Verizon Communications Inc.'s defined benefit pension and postretirement plans increased from 2009 to 2010 but then declined significantly from 2010 to 2011.
Comprehensive income (loss) attributable to Verizon 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. Verizon Communications Inc.'s comprehensive income (loss) attributable to Verizon declined from 2009 to 2010 and from 2010 to 2011.

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