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Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2011
Accumulated Other Comprehensive Income (Loss)  
Accumulated Other Comprehensive Income (Loss)

13.       Accumulated Other Comprehensive Income (Loss)

 

Comprehensive income (loss) refers to revenues, expenses, gains and losses that under U.S. GAAP are included in other comprehensive income, but excluded from net income as these amounts are recorded directly as an adjustment to shareholders’ equity, net of tax. The Company’s other comprehensive income (loss) is composed primarily of foreign currency translation adjustments, changes in the funded status of defined benefit pension plans and changes in the fair value of derivatives that have been designated as cash flow hedges. The following is a summary of comprehensive income (loss) for the three and six months ended June 30, 2011 and 2010 (in millions):

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Consolidated net income

 

$

22.6

 

$

22.9

 

$

34.3

 

$

38.9

 

Foreign currency translation adjustments

 

33.1

 

(30.7

)

61.2

 

(50.7

)

Unrealized losses on interest rate swap:

 

 

 

 

 

 

 

 

 

Unrealized holding losses arising during the period

 

(0.2

)

(0.6

)

(0.3

)

(1.5

)

Less reclassification adjustments for settlements included in the determination of net income

 

0.5

 

0.7

 

1.0

 

1.4

 

Pension liability adjustments

 

(1.7

)

0.3

 

(2.2

)

0.4

 

Net comprehensive income (loss)

 

54.3

 

(7.4

)

94.0

 

(11.5

)

Less: Comprehensive income attributable to noncontrolling interests

 

0.5

 

0.3

 

0.9

 

0.2

 

Comprehensive income (loss) attributable to Bruker Corporation

 

$

53.8

 

$

(7.7

)

$

93.1

 

$

(11.7

)