Verizon Wireless 2012 Annual Report Download - page 82

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80
NOTE 14
COMPREHENSIVE INCOME
Comprehensive income consists of net income and other gains and
losses affecting equity that, under GAAP, are excluded from net income.
Significant changes in the components of Other comprehensive income,
net of provision for income taxes are described below.
Foreign Currency Translation Adjustments
The change in Foreign currency translation adjustments during 2012,
2011 and 2010 was primarily related to our investment in Vodafone
Omnitel N.V. and was primarily driven by the movements of the U.S.
dollar against the Euro.
Net Unrealized Gains (Losses) on Cash Flow Hedges
During 2012, 2011 and 2010, Unrealized gains (losses) on cash flow
hedges included in Other comprehensive income attributable to non-
controlling interest, primarily reflect activity related to a cross currency
swap (see Note 9). Reclassification adjustments for gains (losses) realized
in net income were not significant.
Net Unrealized Gains (Losses) on Marketable Securities
During 2012, 2011 and 2010, reclassification adjustments on marketable
securities for gains (losses) realized in net income were not significant.
Defined Benefit Pension and Postretirement Plans
The change in Defined benefit pension and postretirement plans of $0.9
billion, net of taxes of $0.6 billion at December 31, 2012 was primarily a
result of plan amendments.
The change in Defined benefit pension and postretirement plans of $0.3
billion, net of taxes of $0.2 billion at December 31, 2011 was primarily a
result of plan amendments.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued
Accumulated Other Comprehensive Income
The components of Accumulated other comprehensive income were as
follows:
(dollars in millions)
At December 31, 2012 2011
Foreign currency translation adjustments $ 793 $ 724
Net unrealized gain on cash flow hedges 88 156
Unrealized gain on marketable securities 101 72
Defined benefit pension and postretirement plans 1,253 317
Accumulated Other Comprehensive Income $ 2,235 $ 1,269