Mastercard Inc
For the period ended Dec 31, 2023. Filed Feb 13, 2024.
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FY2023 · Filed Feb 13, 2024
MA$658.84+0.5%Stored close · as of Nov 10, 2026
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Consolidated Statement of Comprehensive Income
PART II
| Consolidated Statement of Comprehensive Income | |||
|---|---|---|---|
| For the Years Ended December 31, | |||
| 2023 | 2022 | 2021 | |
| (in millions) | |||
| Net Income | $11,195 | $9,930 | $8,687 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | 328 | (712) | (442) |
| Income tax effect | (33) | 37 | 55 |
| Foreign currency translation adjustments, net of income tax effect | 295 | (675) | (387) |
| Translation adjustments on net investment hedges | (165) | 353 | 269 |
| Income tax effect | 37 | (78) | (60) |
| Translation adjustments on net investment hedges, net of income tax effect | (128) | 275 | 209 |
| Cash flow hedges | (41) | 1 | 6 |
| Income tax effect | 10 | — | (1) |
| Reclassification adjustment for cash flow hedges | 35 | (10) | 5 |
| Income tax effect | (8) | 2 | (1) |
| Cash flow hedges, net of income tax effect | (4) | (7) | 9 |
| Defined benefit pension and other postretirement plans | (18) | (45) | 57 |
| Income tax effect | 5 | 14 | (14) |
| Reclassification adjustment for defined benefit pension and other postretirement plans | (1) | (1) | (2) |
| Income tax effect | — | — | — |
| Defined benefit pension and other postretirement plans, net of income tax effect | (14) | (32) | 41 |
| Investment securities available-for-sale | 6 | (6) | (1) |
| Income tax effect | (1) | 1 | — |
| Investment securities available-for-sale, net of income tax effect | 5 | (5) | (1) |
| Other comprehensive income (loss), net of income tax effect | 154 | (444) | (129) |
| Comprehensive Income | $11,349 | $9,486 | $8,558 |
| The accompanying notes are an integral part of these consolidated financial statements. | |||
69 MASTERCARD 2023 FORM 10-K
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