McDonalds 2013 Annual Report Download - page 35

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McDonald’s Corporation 2013 Annual Report | 27
Consolidated Statement of Comprehensive Income
In millions Years ended December 31, 2013 2012 2011
Net income $5,585.9 $5,464.8 $5,503.1
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments:
Gain (loss) recognized in accumulated other comprehensive
income (AOCI), including net investment hedges (279.4) 274.7 (310.5)
Reclassification of (gain) loss to net income —(0.1) 25.4
Foreign currency translation adjustments-net of tax
benefit (expense) of $(5.3), $(47.9) and $61.0 (279.4) 274.6 (285.1)
Cash flow hedges:
Gain (loss) recognized in AOCI (73.4) 19.8 (12.2)
Reclassification of (gain) loss to net income 35.9 10.8 1.8
Cash flow hedges-net of tax benefit (expense) of $11.4,
$(8.8) and $5.8 (37.5) 30.6 (10.4)
Defined benefit pension plans:
Gain (loss) recognized in AOCI (52.8) 33.1 (8.1)
Reclassification of (gain) loss to net income 0.9 8.4 0.4
Defined benefit pension plans-net of tax benefit (expense)
of $14.2, $(16.6) and $2.9 (51.9) 41.5 (7.7)
Total other comprehensive income (loss), net of tax (368.8) 346.7 (303.2)
Comprehensive income $5,217.1 $5,811.5 $5,199.9
See Notes to consolidated financial statements.