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.

Thermo Fisher Scientific Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	6,338)	5,955)	6,960)	7,728)	6,377)
Currency translation adjustment, net of tax	525)	(69)	(822)	373)	(118)
Currency translation adjustment	525)	(69)	(822)	373)	(118)
Unrealized gains (losses) on hedging instruments, net of tax	—)	—)	—)	—)	(65)
Reclassification adjustment for (gains) losses included in net income, net of tax	3)	5)	2)	56)	45)
Unrealized gains (losses) on hedging instruments	3)	5)	2)	56)	(20)
Pension and other postretirement benefit liability adjustments arising during the period, net of tax	(12)	(69)	38)	36)	(8)
Amortization of net loss and prior service benefit included in net periodic pension cost, net of tax	4)	—)	5)	13)	18)
Pension and other postretirement benefit liability adjustments	(8)	(69)	43)	49)	10)
Other comprehensive income (loss)	520)	(133)	(777)	478)	(128)
Comprehensive income	6,858)	5,822)	6,183)	8,206)	6,249)
Comprehensive (income) loss attributable to noncontrolling interests and redeemable noncontrolling interest	4)	48)	(3)	(2)	(2)
Comprehensive income attributable to Thermo Fisher Scientific Inc.	6,862)	5,870)	6,180)	8,204)	6,247)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Comprehensive income item	Description	The company
Net income attributable to Thermo Fisher Scientific Inc.	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Thermo Fisher Scientific Inc. net income attributable to Thermo Fisher Scientific Inc. decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
Comprehensive income attributable to Thermo Fisher Scientific Inc.	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. Exclude changes in equity resulting from investments by owners and distributions to owners.	Thermo Fisher Scientific Inc. comprehensive income attributable to Thermo Fisher Scientific Inc. decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Thermo Fisher Scientific Inc. (NYSE:TMO)

Statement of Comprehensive Income