Consolidated Statements of Comprehensive Income

Year ended December 31 ($ in millions)

2018

2017

2016

Due to rounding, numbers presented may not add to the totals provided.

See accompanying Notes to the Consolidated Financial Statements.

Net income

2,298

2,365

2,034

 

 

 

 

Other comprehensive income (loss), net of tax:

 

 

 

 

 

 

 

Foreign currency translation adjustments:

 

 

 

Foreign currency translation adjustments

(627)

912

(481)

Gain on liquidation of foreign subsidiary

(31)

Changes attributable to divestments

12

12

7

Foreign currency translation adjustments

(646)

924

(474)

 

 

 

 

Available-for-sale securities:

 

 

 

Net unrealized gains (losses) arising during the year

(4)

1

Reclassification adjustments for net losses included in net income

1

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

(3)

1

 

 

 

 

Pension and other postretirement plans:

 

 

 

Prior service costs arising during the year

(7)

(16)

(40)

Net actuarial gains (losses) arising during the year

(352)

(139)

44

Amortization of prior service cost (credit) included in net income

(24)

6

26

Amortization of net actuarial loss included in net income

69

63

62

Net losses from pension settlements included in net income

19

9

26

Changes attributable to divestments

6

Pension and other postretirement plan adjustments

(295)

(71)

118

 

 

 

 

Cash flow hedge derivatives:

 

 

 

Net unrealized gains (losses) arising during the year

(49)

38

16

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

21

(22)

(6)

Changes attributable to divestments

(3)

Unrealized gains (losses) of cash flow hedge derivatives

(28)

13

10

 

 

 

 

Total other comprehensive income (loss), net of tax

(972)

867

(346)

 

 

 

 

Total comprehensive income, net of tax

1,326

3,232

1,688

Comprehensive income attributable to noncontrolling interests, net of tax

(110)

(177)

(118)

Total comprehensive income, net of tax, attributable to ABB

1,216

3,055

1,570