Stock Analysis on Net

Philip Morris International Inc. (NYSE:PM)

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.

Philip Morris International Inc., 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 8,592  7,728  8,286  6,341  7,250 
Unrealized gains (losses), net of income taxes (1,265) 505  (812) 330  (14)
(Gains) losses transferred to earnings, net of income taxes —  —  —  (2)
(Gains) losses transferred to earnings, deconsolidation of RBH, net of income taxes —  502  —  —  — 
Change in currency translation adjustments (1,265) 1,007  (812) 328  (9)
Net gains (losses) and prior service costs, net of income taxes (726) (454) (1,046) 523  (460)
Amortization of net losses, prior service costs and net transition costs, net of income taxes 299  243  218  228  224 
(Gains) losses transferred to earnings, deconsolidation of RBH, net of income taxes —  27  —  —  — 
Change in net loss and prior service cost (427) (184) (828) 751  (236)
Gains (losses) recognized, net of income taxes (68) (18) 24  (44)
(Gains) losses transferred to earnings, net of income taxes (20) (14) (31) (11) 30 
Change in fair value of derivatives accounted for as hedges (88) (32) (7) (55) 38 
Other comprehensive earnings (losses), net of income taxes (1,780) 791  (1,647) 1,024  (207)
Comprehensive earnings 6,812  8,519  6,639  7,365  7,043 
Comprehensive earnings attributable to noncontrolling interests (574) (586) (304) (306) (233)
Comprehensive earnings attributable to PMI 6,238  7,933  6,335  7,059  6,810 

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 earnings attributable to PMI The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Philip Morris International Inc. net earnings attributable to PMI decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Comprehensive earnings attributable to PMI 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. Philip Morris International Inc. comprehensive earnings attributable to PMI increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.