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GPS » Topics » 2. COMPREHENSIVE EARNINGS

This excerpt taken from the GPS 10-Q filed Jun 9, 2009.

Note 8. Comprehensive Earnings

Comprehensive earnings are comprised of net earnings and other gains and losses affecting equity that are excluded from net earnings. The components of other comprehensive earnings consist of foreign currency translation gains and losses and changes in the fair value of derivative financial instruments, net of tax.

Comprehensive earnings, net of tax, are as follows:

 

     13 Weeks Ended  
($ in millions)    May 2,
2009		     May 3,
2008		  

Net earnings

    $ 215     $ 249  

Foreign currency translation

      (10 )     (4 )

Change in fair value of derivative financial instruments, net of tax of $9 and $5

      14       (1 )

Reclassification adjustment for realized gains on derivative financial instruments, net of tax of $6 and $5

      (11 )     (8 )
                

Comprehensive earnings, net of tax

    $ 208     $ 236  
                
These excerpts taken from the GPS 10-K filed Mar 27, 2009.

Comprehensive Earnings

Comprehensive earnings is comprised of net earnings and other gains and losses affecting equity that are excluded from net earnings. The components of other comprehensive earnings consist of foreign currency translation gains and losses and changes in the fair value of derivative financial instruments, net of tax.

Comprehensive Earnings

Comprehensive earnings is comprised of
net earnings and other gains and losses affecting equity that are excluded from net earnings. The components of other comprehensive earnings consist of foreign currency translation gains and losses and changes in the fair value of derivative
financial instruments, net of tax.

These excerpts taken from the GPS 10-K filed Mar 28, 2008.

Comprehensive Earnings

The components of accumulated other comprehensive earnings as shown on our Consolidated Balance Sheets are as follows:

 

($ in millions)    Foreign
Currency
Translation		    Fluctuations
in the Fair
Market
Value of
Financial
Instruments		     Accumulated
Other
Comprehensive
Earnings

Balance at February 3, 2007

    $ 63    $ 14     $ 77

Fiscal 2007 activity

      84      (36 )     48
                     

Balance at February 2, 2008

    $ 147    $ (22 )   $ 125
                     

Comprehensive Earnings

The components of accumulated
other comprehensive earnings as shown on our Consolidated Balance Sheets are as follows:

 





















































































($ in millions)  Foreign
Currency
Translation		  Fluctuations
in the Fair
Market
Value of
Financial
Instruments		  Accumulated
Other
Comprehensive
Earnings

Balance at February 3, 2007

  $63  $14  $77

Fiscal 2007 activity

   84   (36)  48
            

Balance at February 2, 2008

  $147  $(22) $125
            
This excerpt taken from the GPS 10-K filed Apr 2, 2007.

Comprehensive Earnings

Our comprehensive earnings is comprised of net earnings, adjusted for foreign currency translation and fluctuations in fair market value of financial instruments related to foreign currency hedging activities, net of tax.

 

43

Table of Contents
This excerpt taken from the GPS 10-Q filed Jun 2, 2006.

2. COMPREHENSIVE EARNINGS

Our comprehensive earnings are comprised of net earnings, adjusted for foreign currency translation and fluctuations in fair market value of financial instruments related to foreign currency hedging activities, net of tax. Other comprehensive earnings are excluded from net earnings and reported as a separate component of shareholders’ equity.

Comprehensive earnings, net of taxes, is comprised of:

 

     Thirteen Weeks Ended  

($ in millions)

    April 29, 2006     April 30, 2005  

Net earnings

    $ 242     $ 291  

Adjustments for foreign currency translation

      27       (5 )

Adjustments for fluctuations in fair market value of financial instruments, net of tax related effects

      (12 )     3  
                

Comprehensive earnings

    $ 257     $ 289  
                

 

6

Table of Contents
This excerpt taken from the GPS 10-K filed Mar 28, 2006.

Comprehensive Earnings

Our comprehensive earnings is comprised of net earnings, adjusted for foreign currency translation and fluctuations in fair market value of financial instruments related to foreign currency hedging activities, net of tax.

EXCERPTS ON THIS PAGE:

10-Q
Jun 9, 2009
10-K (2 sections)
Mar 27, 2009
10-K (2 sections)
Mar 28, 2008
10-K
Apr 2, 2007
10-Q
Jun 2, 2006
10-K
Mar 28, 2006

RELATED TOPICS for GPS:

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