Stock Analysis on Net
Stock Analysis on Net
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Northrop Grumman Corp. (NYSE:NOC)

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.

Northrop Grumman 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 earnings 3,189  2,248  3,229  2,015  2,200 
Change in unamortized prior service credit, net of tax (41) (47) (60) 830  (175)
Change in cumulative translation adjustment and other, net 10  (14) (2) (51)
Other comprehensive income (loss), net of tax (31) (45) (74) 828  (226)
Comprehensive income 3,158  2,203  3,155  2,843  1,974 

Based on: 10-K (filing date: 2021-01-28), 10-K (filing date: 2020-01-30), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-29), 10-K (filing date: 2017-01-30).

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. Northrop Grumman Corp.’s net earnings decreased from 2018 to 2019 but then increased from 2019 to 2020 not reaching 2018 level.
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. Northrop Grumman Corp.’s comprehensive income decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.