Honeywell 2015 Annual Report Download - page 36

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HONEYWELL INTERNATIONAL INC.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
The Notes to Financial Statements are an integral part of this statement.
33
Years Ended December 31,
2015
2014
2013
(Dollars in millions)
Net income
$
4,847
$
4,329
$
3,962
Other comprehensive income (loss), net of tax
Foreign exchange translation adjustment
(1,152
)
(1,044
)
(52
)
Actuarial gains (losses)
(464
)
(1,411
)
2,064
Prior service credit
446
73
99
Prior service cost (credit) recognized during year
(13
)
(2
)
5
Actuarial losses recognized during year
72
202
61
Transition obligation recognized during year
—
1
2
Settlements and curtailments
2
—
(26
)
Foreign exchange translation and other
41
54
(2
)
Pensions and other postretirement benefit adjustments
84
(1,083
)
2,203
Unrealized gains for the period
—
15
140
Less: reclassification adjustment for gains included in net income
—
185
127
Changes in fair value of available for sale investments
—
(170
)
13
Effective portion of cash flow hedges recognized in other comprehensive income
91
20
(30
)
Less: reclassification adjustment for gains (losses) included in net income
99
—
(23
)
Changes in fair value of effective cash flow hedges
(8
)
20
(7
)
Other comprehensive income (loss), net of tax
(1,076
)
(2,277
)
2,157
Comprehensive income
3,771
2,052
6,119
Less: Comprehensive income attributable to the noncontrolling interest
73
87
36
Comprehensive income attributable to Honeywell
$
3,698
$
1,965
$
6,083