Consolidated Statements of Comprehensive Income

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Year ended December 31 ($ in millions)

2012

2011

2010

See accompanying Notes to the Consolidated Financial Statements

Net income

2,812

3,315

2,732

 

 

 

 

Other comprehensive income (loss), net of tax:

 

 

 

Foreign currency translation adjustments

383

(275)

370

 

 

 

 

Available-for-sale securities:

 

 

 

Net unrealized gains (losses) arising during the year

3

(3)

13

Reclassification adjustments for net (gains) losses included in net income

1

5

(15)

Unrealized gains (losses) on available-for-sale securities

4

2

(2)

 

 

 

 

Pension and other postretirement plans:

 

 

 

Prior service costs arising during the year

(36)

(23)

(54)

Net actuarial gains (losses) arising during the year

(601)

(593)

124

Amortization of prior service costs included in net income

30

22

12

Amortization of net actuarial losses included in net income

70

44

62

Amortization of transition liability included in net income

1

1

Pension and other postretirement plan adjustments

(537)

(549)

145

 

 

 

 

Cash flow hedge derivatives:

 

 

 

Net unrealized gains (losses) arising during the year

53

(19)

91

Reclassification adjustments for net (gains) losses included in net income

(28)

(61)

(19)

Unrealized gains (losses) of cash flow hedge derivatives

25

(80)

72

Total other comprehensive income (loss), net of tax

(125)

(902)

585

Total comprehensive income, net of tax

2,687

2,413

3,317

Comprehensive income attributable to noncontrolling interests, net of tax

(98)

(136)

(189)

Total comprehensive income, net of tax, attributable to ABB

2,589

2,277

3,128