Question
The following is from the 2013 annual report of Kaufman Chemicals, Inc.: Statements Of Comprehensive Income ($ in millions) Years Ended December 31 2013 2012
The following is from the 2013 annual report of Kaufman Chemicals, Inc.: |
Statements Of Comprehensive Income | ($ in millions) |
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Years Ended December 31 | 2013 | 2012 | 2011 |
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Net income | $ | 889 |
| $ | 719 |
| $ | 574 |
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Other comprehensive income: |
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Change in net unrealized gains on investments, net of tax of $21, ($19), and $19 in 2013, 2012, and 2011, respectively |
| 34 |
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| (27 | ) |
| 26 |
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Other |
| (3 | ) |
| (2 | ) |
| 2 |
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Total comprehensive income | $ | 920 |
| $ | 690 |
| $ | 602 |
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Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders equity as follows: |
| ($ in millions) | |||||
| 2013 | 2012 | ||||
Shareholders equity: |
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Common stock |
| 345 |
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| 345 |
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Additional paid-in capital |
| 8,474 |
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| 8,474 |
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Retained earnings |
| 7,554 |
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| 6,998 |
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Accumulated other comprehensive income |
| 109 |
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| 78 |
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Total shareholders equity | $ | 16,482 |
| $ | 15,895 |
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Required: |
From the information provided, determine how Kaufman calculated the $109 million accumulated other comprehensive income in 2013. (Enter your answers in millions (i.e., example, $5,000,000 should be entered as 5).)
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