Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Kraft Foods Group Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 27, 2014	Dec 28, 2013	Dec 29, 2012
Net earnings	1,043)	2,715)	1,642)
Currency translation adjustment	(91)	(68)	36)
Prior service credits arising during the period	58)	31)	—)
Amortization of prior service credits and other amounts reclassified from accumulated other comprehensive losses	(20)	(22)	(6)
Tax (expense) benefit	(14)	(3)	2)
Postemployment benefits	24)	6)	(4)
Net derivative gains (losses)	90)	33)	(322)
Amounts reclassified from accumulated other comprehensive losses	(84)	4)	112)
Tax (expense) benefit	(2)	(14)	80)
Derivatives accounted for as hedges	4)	23)	(130)
Other comprehensive losses	(63)	(39)	(98)
Comprehensive earnings	980)	2,676)	1,544)

Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).

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Comprehensive income item	Description	The company
Net earnings	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Kraft Foods Group Inc. net earnings increased from 2012 to 2013 but then decreased significantly from 2013 to 2014.
Comprehensive earnings	Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Exclude changes in equity resulting from investments by owners and distributions to owners.	Kraft Foods Group Inc. comprehensive earnings increased from 2012 to 2013 but then decreased significantly from 2013 to 2014.

Kraft Foods Group Inc. (NASDAQ:KRFT)

Statement of Comprehensive Income