Stock Analysis on Net

International Business Machines Corp. (NYSE:IBM)

Statement of Comprehensive Income

International Business Machines Corp., consolidated statement of comprehensive income

US$ in millions

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Net income 5,612  9,456  8,745  5,770  11,888 
Foreign currency translation adjustments, net of tax amount (965) (10) (902) 769  (140)
Unrealized gains (losses) arising during the period —  (1) —  (23)
Reclassification of (gains) losses to net income —  —  —  21 
Net changes related to available-for-sale securities, net of tax amount —  (1) (2)
Unrealized gains (losses) arising during the period (261) (522) (93) (58) 163 
Reclassification of (gains) losses to net income (15) 59  337  (226) 56 
Unrealized gains (losses) on cash flow hedges, net of tax amount (276) (463) 244  (284) 219 
Prior service costs (credits) (29) (63) (151) —  — 
Net (losses) gains arising during the period (1,383) (68) (1,941) 481  (1,566)
Curtailments and settlements 38  29  14  (15)
Amortization of prior service (credits) costs 12  (4) (68) (58) (74)
Amortization of net (gains) losses 1,863  1,471  2,334  1,883  1,787 
Retirement-related benefit plans, net of tax amount 501  1,365  183  2,320  132 
Other comprehensive income (loss) (740) 893  (476) 2,806  209 
Comprehensive income 4,872  10,349  8,269  8,576  12,097 
Comprehensive income attributable to noncontrolling interest (22) (25) (17) (17) (16)
Comprehensive income attributable to IBM 4,850  10,324  8,252  8,559  12,081 

Based on: 10-K (reporting date: 2020-12-31), 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).

Comprehensive income item Description The company
Net income attributable to IBM The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. International Business Machines Corp. net income attributable to IBM increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Comprehensive income attributable to IBM Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. International Business Machines Corp. comprehensive income attributable to IBM increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.