Consolidated statements of comprehensive income Year ended December 31, (in millions) 2018 2017 2016 Net income $ 32,474 $ 24,441 $ 24,733 Other comprehensive income/(loss), after–tax Unrealized gains/(losses) on investment securities (1,858) 640 (1,105) Translation adjustments, net of hedges 20 (306) (2) Fair value hedges (107) NA NA Cash flow hedges (201) 176 (56) Defined benefit pension and OPEB plans (373) 738 (28) DVA on fair value option elected liabilities 1,043 (192) (330) Total other comprehensive income/(loss), after–tax (1,476) 1,056 (1,521) Comprehensive income $ 30,998 $ 25,497 $ 23,212 Effective January 1, 2018, the Firm adopted several new accounting standards. For additional information, refer to Note 1. The Notes to Consolidated Financial Statements are an integral part of these statements. JPMorgan Chase & Co./2018 Form 10-K 151