Statement of Comprehensive Income

Beginner level

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.

Lockheed Martin Corp., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Net earnings	6,833	6,230	5,046	2,002	5,302
Net other comprehensive income (loss) recognized during the period, net of tax	(1,067)	(2,182)	(501)	(1,380)	(1,232)
Amounts reclassified from accumulated other comprehensive loss, net of tax	440	908	1,202	802	699
Reclassifications from divestiture of IS&GS business	—	—	—	—	(134)
Postretirement benefit plans	(627)	(1,274)	701	(578)	(667)
Other, net	60	41	(75)	140	9
Other comprehensive income (loss), net of tax	(567)	(1,233)	626	(438)	(658)
Comprehensive income	6,266	4,997	5,672	1,564	4,644

Based on: 10-K (filing date: 2021-01-28), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-09).

Comprehensive income item	Description	The company
Net earnings	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Lockheed Martin Corp.’s net earnings increased from 2018 to 2019 and from 2019 to 2020.
Comprehensive income	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.	Lockheed Martin Corp.’s comprehensive income decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.

Lockheed Martin Corp. (NYSE:LMT)

Statement of Comprehensive Income