CP 2019 ANNUAL REPORT /  74 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Year ended December 31 (in millions of Canadian dollars) 2019 2018 2017 Net income $ 2,440 $ 1,951 $ 2,405 Net gain (loss) in foreign currency translation adjustments, net of hedging activities 37 (60) 24 Change in derivatives designated as cash flow hedges 10 38 19 Change in pension and post-retirement defined benefit plans (661) (449) 80 Other comprehensive (loss) income before income taxes (614 ) (471 ) 123 Income tax recovery (expense) on above items 135 169 (65) Other comprehensive (loss) income (Note 8) (479 ) (302 ) 58 Comprehensive income $ 1,961 $ 1,649 $ 2,463 See Notes to Consolidated Financial Statements.