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.

National Oilwell Varco Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011
Net income (loss)	(767)	2,507)	2,328)	2,483)	1,985)
Currency translation adjustments	(764)	(532)	(115)	64)	(65)
Derivative financial instruments	23)	(233)	(37)	99)	(63)
Change in defined benefit plans	22)	(65)	41)	(33)	14)
Other comprehensive income (loss), net of tax	(719)	(830)	(111)	130)	(114)
Comprehensive income (loss)	(1,486)	1,677)	2,217)	2,613)	1,871)
Comprehensive (income) loss attributable to noncontrolling interests	(2)	(5)	(1)	8)	9)
Comprehensive income (loss) attributable to Company	(1,488)	1,672)	2,216)	2,621)	1,880)

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

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Comprehensive income item	Description	The company
Net income (loss) attributable to Company	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	National Oilwell Varco Inc. net income (loss) attributable to Company increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.
Comprehensive income (loss) attributable to Company	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.	National Oilwell Varco Inc. comprehensive income (loss) attributable to Company decreased from 2013 to 2014 and from 2014 to 2015.

National Oilwell Varco Inc. (NYSE:NOV)

Statement of Comprehensive Income