EX-99.1 2 exhibit991.htm CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME exhibit991.htm

Exhibit 99.1
 
 

Set forth below are the consolidated statements of comprehensive income for the fiscal years ended June 30, 2012, 2011, and 2010 which should be read in conjunction with the information in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2012.  The following consolidated statements of comprehensive income for the periods indicated are provided to comply with the required retrospective application of the amended guidance of ASC Topic 220.

   
(Unaudited)
  
   
Year Ended June 30
  
   
2012
    
2011
    
2010
  
   
(In millions)
  
Net earnings including noncontrolling interests
   $ 1,242     $ 2,018     $ 1,919  
Other comprehensive income (loss):
                        
   Foreign currency translation adjustment
     (751 )     859       (557 )
   Tax effect
     60       -       -  
   Net of tax amount
     (691 )     859       (557 )
                         
   Pension liability adjustment
     (565 )     300       (82 )
   Tax effect
     202       (106 )     25  
   Net of tax amount
     (363 )     194       (57 )
                         
   Deferred gain (loss) on hedging activities
     36       (3 )     70  
   Tax effect
     (15 )     2       (27 )
   Net of tax amount
     21       (1 )     43  
                         
   Unrealized gain (loss) on investments
     (90 )     36       43  
   Tax effect
     34       (13 )     (16 )
   Net of tax amount
     (56 )     23       27  
Other comprehensive income (loss)
     (1,089 )     1,075       (544 )
Comprehensive income
     153       3,093       1,375  
Less:  Comprehensive income (loss) attributable to noncontrolling interests
     13       (18 )     (11 )
Comprehensive income attributable to controlling interests
   $ 140     $ 3,111     $ 1,386