Comprehensive income

Comprehensive income is the change in the equity of a business during a reporting period, not including the purchase or sale of stock or the distribution of dividends. This change is comprised of the following two items:

  • Net income or loss
  • Other comprehensive income

The other comprehensive income classification includes the following items:

  • Available-for-sale securities fair value changes that were previously written down as impaired
  • Available-for-sale securities unrealized gains and losses
  • Cash flow hedge derivative instrument gains and losses
  • Debt security unrealized gains and losses arising from a transfer from the available-for-sale category to the held to maturity category
  • Foreign currency gains and losses on intra-entity currency transactions where settlement is not planned or anticipated in the foreseeable future
  • Foreign currency transaction gains and losses that are hedges of an investment in a foreign entity
  • Foreign currency translation adjustments
  • Pension or post-retirement benefit plan gains or losses
  • Pension or post-retirement benefit plan prior service costs or credits
  • Pension or post-retirement benefit plan transition assets or obligations that are not recognized as a component of the net periodic benefit or cost