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AT&T Inc

Accounting Jan 27, 2021

AT&T Inc. Dollars in millions except per share amounts Consolidated Statements of Comprehensive Income 2019 14,975 19 50 (900) Net income Other comprehensive income, net of tax: Foreign Currency: Translation adjustment (includes $9). S(32) and $(5) attributable to noncontrolling interest), net of taxes of S18, S(45) and $123 Securities: Net unrealized gans (losses), net of taxes of $17, ST and $109 Reclassification adjustment included in net income, net of taxes of $0 $0 and S(117) Derivative Instruments: Net unrealized gains (losses), net of taxes of S(240), S(156) and $200 Reclassification adjustment included in net income, net of taxes of $12, 56 and S21 Defined benefit postretirement plans: Net prior service credit arising during period, net of taxes of $1,134, $271 and 5675 Amortization of net prior service credit included in net income, net of taxes of S(475), $(431) and $(604) Other comprehensive income (loss) Total comprehensive income Less: Total comprehensive income attributable to noncontrolling interest Total Comprehensive Income Attributable to AT&T The accompanying notes are an integral part of the consolidated financial statements. 63 45 3.457 (1,459 1,212 16,187 (1,063) 15.124 S S

Expert Solution

1- Other Comprehensive Income refers to items of income and expenses that are not recognized as a part of the profit and loss account. Other comprehensive income can be reported either net of related tax effects or before related tax effects with a single aggregate income tax expense.

Some examples

  • Unrealized gain or loss on bonds
  • Unrealized gain or loss on investments that are available for sale
  • Foreign currency translation gains or loss
  • Pension plans gain or losses
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