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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2022
May 31, 2021
May 31, 2022
May 31, 2021
Statement of Comprehensive Income [Abstract]        
Net earnings $ 141,859 $ 318,453 $ 483,002 $ 812,318
Other comprehensive income (loss), net of tax:        
Currency translation adjustments and other [1] (22,220) 3,482 (21,840) 14,421
Changes in instrument specific credit risk [2] 35,766 (21,585) 77,200 (91,021)
Unrealized losses on available-for-sale securities (373) (27) (546) (87)
Total other comprehensive income (loss), net of tax [3] 13,173 (18,130) 54,814 (76,687)
Comprehensive income 155,032 300,323 537,816 735,631
Net earnings (losses) attributable to noncontrolling interests 1,832 (363) 1,565 (566)
Comprehensive income attributable to Jefferies Group LLC $ 153,200 $ 300,686 $ 536,251 $ 736,197
[1] The amounts include income tax benefits approximately $8.3 million during both the three and six months ended May 31, 2022, and income tax expenses of $1.3 million and $4.5 million during the three and six months ended May 31, 2021, respectively.
[2] The amounts include income tax expenses of approximately $11.5 million and $24.7 million during the three and six months ended May 31, 2022, respectively, and income tax benefits of approximately $7.1 million and $29.4 million during the three and six months ended May 31, 2021, respectively. The amounts during the three and six months ended May 31, 2021 also includes net losses of $2.7 million and $2.9 million, respectively, net of income tax benefits of $0.8 million and $0.9 million, respectively, related to changes in instrument specific-credit risk, which were reclassified to Principal transactions revenues in our Consolidated Statement of Earnings.
[3] None of the components of other comprehensive income (loss) are attributable to noncontrolling interests.