10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MASTERCARD INC | |||
Ticker: MA Fiscal Year: 2015 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 12, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net Income | $ 3,808 | 3,617 | 3,116 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | (460) | (436) [1] | 113 |
| Income tax effect | 27 | 0 | 0 |
| Foreign currency translation adjustments, net of income tax effect | (433) | (436) | 113 |
| Translation adjustments on net investment hedge | (40) | 0 | 0 |
| Income tax effect | 14 | 0 | 0 |
| Translation adjustments on net investment hedge, net of income tax effect | (26) | 0 | 0 |
| Defined benefit pension and other postretirement plans | (19) | (3) | 7 |
| Income tax effect | 7 | 2 | (3) |
| Defined benefit pension and other postretirement plans, net of income tax effect | (12) | (1) | 4 |
| Reclassification adjustment for defined benefit pension and other postretirement plans | 80 | 7 | 6 |
| Income tax effect | (29) | (3) | (2) |
| Reclassification adjustment for defined benefit pension and other postretirement plans, net of income tax effect | 51 | 4 | 4 |
| Investment securities available-for-sale | (11) | (5) | (3) |
| Income tax effect | 0 | 1 | 2 |
| Investment securities available-for-sale, net of income tax effect | (11) | (4) | (1) |
| Reclassification adjustment for investment securities available-for-sale | 15 | (1) | (5) |
| Income tax effect | 0 | 0 | 2 |
| Reclassification adjustment for investment securities available-for-sale, net of income tax effect | 15 | (1) | (3) |
| Other comprehensive income (loss), net of tax | (416) [2] | (438) | 117 |
| Comprehensive Income | 3,392 | 3,179 | 3,233 |
| [1] During 2015 and 2014, the increase in other comprehensive loss related to foreign currency translation adjustments was driven primarily by the devaluation of the euro and Brazilian real. | |||
| [2] During 2015, $80 million of deferred costs ($51 million after-tax) related to the Companys defined benefit pension plan and other post retirement plans were reclassified to general and administrative expenses. The deferred costs were driven primarily by the termination of the Company's U.S. defined benefit plan (See Note 11, Pension, Postretirement and Savings Plans). | During 2015, $15 million of an unrealized loss (no tax impact) on a foreign denominated available-for-sale security was reclassified to ot | |||
| External Links | |
| MASTERCARD INC (MA) Fiscal Year 2015 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |