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Reporting and Analyzing Derivatives Assume Johnson & Johnson reports the following schedule of other comprehensive income in its 2011 10-K report ($ millions): ($ in
Reporting and Analyzing Derivatives Assume Johnson & Johnson reports the following schedule of other comprehensive income in its 2011 10-K report ($ millions):
($ in millions) | Foreign currency translation | Gains/(Losses) on Securities | Employee Benefit Plans | Gains/(Losses) on Derivatives & Hedges | Total Accumulated Other Comprehensive Income/(Loss) | |||||
---|---|---|---|---|---|---|---|---|---|---|
January 3, 2010 | $(409) | $(10) | (1,335) | $125 | $(1,629) | |||||
2010 changes | ||||||||||
Unrealized gain (loss) | -- | 89 | -- | (250) | ||||||
Net amount reclassed to net earnings | -- | (45) | -- | 188 | ||||||
Net 2010 changes | (232) | 44 | (21) | (62) | (271) | |||||
January 2, 2011 | $(641) | $34 | $(1,356) | $63 | $(1,900) |
c. By what amount have the unrealized gains/losses on the cash flow hedges affected current income?
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