The components of 2019 comprehensive income for CVS Health and for Walgreens Boots Alliance, competing drugstore chains,
Question:
The components of 2019 comprehensive income for CVS Health and for Walgreens Boots Alliance, competing drugstore chains, are outlined as follows (dollars in millions):
INSTRUCTIONS:
a. Compute comprehensive income for the two companies.
b. Would your conclusion about the relative performance of the two companies during 2019 change if you looked at comprehensive instead of net income? Why or why not?
Transcribed Image Text:
CVS Walgreens Net income $6,631 $3,962 Foreign currency translation 162 (820) Pension/postretirement benefits 111 (149) Derivative financial instruments (33) 60
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a CVS Health comprehensive income was 13612 million while Walgreens Boot...View the full answer
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