Consolidated Financial Statements 2012 ANNUAL REPORT 57 Consolidated Statement of Comprehensive Income See accompanying Notes to Consolidated Financial Statements (DOLLARS IN MILLIONS) 2012 2011 2010 Net income $ 5,490 $ 5,374 $ 4,711 Other comprehensive income (loss), net of tax (expense) benefit: Foreign currency translation adjustments Foreign currency translation adjustments arising during period 556 (278) (39) Less: reclassification adjustments for (gain) loss on sale of an investment in a foreign entity recognized in net income (100) 115 21 456 (163) (18) Change in pension and post-retirement benefit plans Net actuarial loss arising during period (1,542) (2,692) (701) Prior service credit (cost) arising during period 211 (21) (121) Other (3) (9) (3) Less: amortization of actuarial loss, prior service cost and transition obligation 689 441 265 (645) (2,281) (560) Tax benefit 205 796 224 (440) (1,485) (336) Unrealized (loss) gain on available-for-sale securities Unrealized holding gain arising during period 91 78 149 Less: reclassification adjustments for (gain) loss included in net income (123) (27) 8 (32) 51 157 Tax benefit (expense) 13 (21) (61) (19) 30 96 Change in unrealized cash flow hedging Unrealized cash flow hedging gain (loss) arising during period 88 (46) 72 Less: gain reclassified into Product sales (31) (96) (119) 57 (142) (47) Tax (expense) benefit (4) 36 18 53 (106) (29) Other comprehensive income (loss), net of tax (expense) benefit 50 (1,724) (287) Comprehensive income 5,540 3,650 4,424 Less: comprehensive income attributable to noncontrolling interest (368) (392) (333) Comprehensive income attributable to common shareowners $ 5,172 $ 3,258 $ 4,091