Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please show how we can create horizontal analysis this company's Income Statement over the past two year Consolidated Statements of Comprehensive Income (Dollars in millions)
Please show how we can create horizontal analysis this company's Income Statement over the past two year
Consolidated Statements of Comprehensive Income
(Dollars in millions) | |||||||||||||||||
Years ended December 31, | 2022 | 2021 | 2020 | ||||||||||||||
Net loss | ($5,053) | ($4,290) | ($11,941) | ||||||||||||||
Other comprehensive income/(loss), net of tax: | |||||||||||||||||
Currency translation adjustments | (62) | (75) | 98 | ||||||||||||||
Unrealized loss on certain investments, net of tax of $0, $0 and $0 | (1) | ||||||||||||||||
Derivative instruments: | |||||||||||||||||
Unrealized (loss)/gain arising during period, net of tax of $12, ($16) and ($4) | (40) | 55 | 14 | ||||||||||||||
Reclassification adjustment for loss/(gain) included in net earnings, net of tax of ($3), $2 and ($7) | 10 | (6) | 27 | ||||||||||||||
Total unrealized (loss)/gain on derivative instruments, net of tax | (30) | 49 | 41 | ||||||||||||||
Defined benefit pension plans & other postretirement benefits: | |||||||||||||||||
Net actuarial gain/(loss) arising during the period, net of tax of ($22), ($32) and $111 | 1,533 | 4,262 | (1,956) | ||||||||||||||
Amortization of actuarial loss included in net periodic pension cost, net of tax of ($11), ($8) and ($52) | 791 | 1,155 | 917 | ||||||||||||||
Settlements included in net (loss)/income, net of tax of $0, ($2) and $0 | (4) | 191 | 5 | ||||||||||||||
Amortization of prior service credits included in net periodic pension cost, net of tax of $2, $1 and $6 | (114) | (114) | (112) | ||||||||||||||
Prior service (credit)/cost arising during the period, net of tax of $0, $0 and ($2) | (1) | 27 | |||||||||||||||
Pension and postretirement (cost)/benefit related to our equity method investments, net of tax of $0, ($2) and $0 | (3) | 6 | |||||||||||||||
Total defined benefit pension plans & other postretirement benefits, net of tax | 2,202 | 5,500 | (1,119) | ||||||||||||||
Other comprehensive income/(loss), net of tax | 2,109 | 5,474 | (980) | ||||||||||||||
Comprehensive (loss)/income, net of tax | (2,944) | 1,184 | (12,921) | ||||||||||||||
Less: Comprehensive loss related to noncontrolling interest | (118) | (88) | (68) | ||||||||||||||
Comprehensive (loss)/income attributable to Boeing Shareholders, net of tax | ($2,826) | $1,272 | ($12,853) |
See Notes to the Consolidated Financial Statements on pages 59 - 114.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started