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The following is from the 2024 annual report of Kaufman Chemicals, Incorporated: Years Ended December 31 Statements of Comprehensive Income Net income 2024 $
The following is from the 2024 annual report of Kaufman Chemicals, Incorporated: Years Ended December 31 Statements of Comprehensive Income Net income 2024 $ 790 2023 2022 $ 620 $ 475 Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $12, ($10), and $10 in 2024, 2023, and 2022, respectively Other 24 (1) (17) (1) 18 2 $ 813 $ 602 $ 495 Total comprehensive income Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows: ($ in millions) Shareholders' equity: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income Total shareholders' equity 2024 2023 $ 300 7,565 $ 300 7,565 6,645 83 6,089 60 $ 14,593 $ 14,014 Required: 3. From the information provided, determine how Kaufman calculated the $83 million accumulated other comprehensive income in 2024. Note: Negative amount should be indicated by a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). ($ in millions) Accumulated other comprehensive income, 2023 Accumulated other comprehensive income, 2024
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