Name: Marriott International Inc. (NASDAQ:MAR) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

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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Marriott International Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Net income	1,273)	1,907)	1,372)	780)	859)
Foreign currency translation adjustments	35)	(391)	478)	(311)	(123)
Derivative instrument adjustments and other, net of tax	2)	4)	(9)	8)	3)
Reclassification of (gains) losses, net of tax	(7)	17)	11)	2)	(6)
Other comprehensive income (loss), net of tax	30)	(370)	480)	(301)	(126)
Comprehensive income	1,303)	1,537)	1,852)	479)	733)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Analysis of the statement of comprehensive income from 2015 to 2019 reveals a period of growth in core profitability characterized by significant volatility in non-operational adjustments.

Net Income Trends: Net income demonstrated a general upward trajectory from 2016 through 2018, increasing from 780 million USD to a peak of 1,907 million USD. A contraction occurred in 2019, with net income decreasing to 1,273 million USD, although this figure remained substantially higher than the levels recorded in 2015 and 2016.
Other Comprehensive Income (OCI) Volatility: The Other Comprehensive Income component experienced extreme fluctuations, driven almost exclusively by foreign currency translation adjustments. Significant negative impacts were observed in 2016 (-311 million USD) and 2018 (-391 million USD), while 2017 recorded a substantial positive adjustment of 478 million USD. In contrast, derivative instrument adjustments and reclassifications of gains or losses remained marginal, contributing minimally to the overall OCI.
Comprehensive Income Performance: Comprehensive income exhibited instability due to the diverging trends between net income and foreign currency adjustments. The peak comprehensive income was reached in 2017 at 1,852 million USD, benefiting from both rising net income and positive translation adjustments. Conversely, in 2018, despite the period's highest net income, comprehensive income fell to 1,537 million USD as a result of a sharp negative swing in foreign currency translation.

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