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Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2011
Comprehensive Income Note [Abstract] 
Comprehensive Income (Loss)

 

4.  Comprehensive Income (Loss)

 

Comprehensive income (loss) includes our net income (loss), unrealized gains and losses from derivative instruments, net of tax that qualify as cash flow hedges, our share of equity method investees‘ OCI and the effects of foreign currency translation adjustments. See Note 7 for further discussion of our accounting for derivative instruments designated as cash flow hedges and the related amounts recorded in OCI. We report AOCI on our Consolidated Condensed Balance Sheets. The table below details the components of our comprehensive income (loss) for the periods indicated (in millions):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2011

 

 

2010

 

 

2011

 

 

2010

 

Net income (loss)

 

$

190

 

 

$

217

 

 

$

(176

)

 

$

55

 

Other comprehensive income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain (loss) on cash flow hedges before reclassification adjustment for cash flow hedges realized in net income (loss)

 

 

(74

)

 

 

65

 

 

 

(60

)

 

 

95

 

Reclassification adjustment for cash flow hedges realized in net income (loss)

 

 

(20

)

 

 

(12

)

 

 

24

 

 

 

10

 

Foreign currency translation loss

 

 

(4

)

 

 

 

 

 

(4

)

 

 

 

Income tax (expense) benefit

 

 

34

 

 

 

4

 

 

 

18

 

 

 

(5

)

Comprehensive income (loss)

 

 

126

 

 

 

274

 

 

 

(198

)

 

 

155

 

Add: Comprehensive income attributable to the noncontrolling interest

 

 

 

 

 

 

 

 

(1

)

 

 

 

Comprehensive income (loss) attributable to Calpine

 

$

126

 

 

$

274

 

 

$

(199

)

 

$

155