Question: A consolidated statement of comprehensive income for Eli Lilly, a major pharmaceutical, is provided below (dollars in millions). REQUIRED:Define comprehensive income and describe the events

A consolidated statement of comprehensive income for Eli Lilly, a major pharmaceutical, is provided below (dollars in millions).

REQUIRED:Define comprehensive income and describe the events that led to the dollar values (positive and negative) associated with foreign currency translation adjustments and net unrealized gains (losses) on securities.

2008 2007 2006 S(2,072) $2,953 $2,663 Net income Other comprehensive income (loss): Foreign currency translation adjustments Net unrealized gains (losses) on securities Other items (inc. SFAS 158) Comprehensive income (766) 757 542 (3) 81 (11) 656 $4,355 (191) (1,843) S(4,872) S3,283

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