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.

General Dynamics Corp., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Net earnings	3,484)	3,345)	2,912)	2,955)	2,965)
Gains (losses) on cash flow hedges	73)	27)	251)	142)	(314)
Unrealized gains (losses) on marketable securities	—)	—)	5)	(6)	(2)
Foreign currency translation adjustments	186)	(300)	333)	(118)	(363)
Change in retirement plans’ funded status	(700)	(47)	(22)	(128)	325)
Other comprehensive income (loss), net of tax	(441)	(320)	567)	(110)	(354)
Comprehensive income	3,043)	3,025)	3,479)	2,845)	2,611)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

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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.	General Dynamics Corp. net earnings increased from 2017 to 2018 and from 2018 to 2019.
Comprehensive income	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.	General Dynamics Corp. comprehensive income decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.

General Dynamics Corp. (NYSE:GD)

Statement of Comprehensive Income