Northrop Grumman Corp. (NOC)

Statement of Comprehensive Income

Difficulty: Beginner

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.

Northrop Grumman Corp., Consolidated Statement of Comprehensive Income

USD $ in millions

12 months ended	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Net earnings	3,229	2,015	2,200	1,990	2,069
Change in unamortized benefit plan costs, net of tax	(60)	830	(175)	75	(2,316)
Change in cumulative translation adjustment	(8)	(4)	(50)	(41)	(59)
Other, net	(6)	2	(1)	2	3
Other comprehensive income (loss), net of tax	(74)	828	(226)	36	(2,372)
Comprehensive income (loss)	3,155	2,843	1,974	2,026	(303)

Based on: 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-29), 10-K (filing date: 2017-01-30), 10-K (filing date: 2016-02-01), 10-K (filing date: 2015-02-02).

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.	Northrop Grumman Corp.’s net earnings declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Comprehensive income (loss)	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.	Northrop Grumman Corp.’s comprehensive income (loss) increased from 2016 to 2017 and from 2017 to 2018.