Statements of Comprehensive Income
Years Ended December 31
2024 2023 2022
Net income $ 867 $ 697 $ 552
Other comprehensive income:
Change in net unrealized gains on AFS investments, net of tax of
$19, ($17), and $17 in 2024, 2023, and 2022, respectively 32 (25) 24
Other (1) (1) 2
Total comprehensive income $ 898 $ 671 $ 578
Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows:
($ in millions) 2024 2023
Shareholders' equity:
Common stock $ 335 $ 335
Additional paid-in capital 8,272 8,272
Retained earnings 7,352 6,796
Accumulated other comprehensive income 105 74
Total shareholders' equity $ 16,064 $ 15,477
Required:
3. From the information provided, determine how Kaufman calculated the $105 million accumulated other comprehensive income in
2024.
Note: Negative amount should be indicated by a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as
10).
($ in millions)
Accumulated other comprehensive income, 2023
Accumulated other comprehensive income, 2024