28. Other comprehensive income (loss)

Other comprehensive income (loss) comprises all amounts recognized directly in equity (net of tax) resulting from the currency translation of foreign subsidiaries’ financial statements and the effects of measuring financial instruments at their fair value as well as the change in benefit obligation.

Changes in the components of other comprehensive income (loss) in 2010 and 2009 were as follows:

  2010 2009
€ in millions Amount before taxes Tax effect Amount after taxes Amount before taxes Tax effect Amount after taxes
Changes in unrealized gains/losses on derivative financial instruments -15 3 -12 2 -10 -8
Change in unrealized gains/losses -32 7 -25 -1 -9 -10
Realized gains/losses due to reclassifications 17 -4 13 3 -1 2
Benefit obligation adjustment -54 16 -38 -5 -1 -6
Foreign currency translation adjustment 238 -8 230 -35 6 -29
Other comprehensive income (loss) 169 11 180 -38 -5 -43

  2010 2009
€ in millions Amount before taxes Tax effect Amount after taxes Amount before taxes Tax effect Amount after taxes
Changes in unrealized gains/losses on derivative financial instruments -15 3 -12 2 -10 -8
Change in unrealized gains/losses -32 7 -25 -1 -9 -10
Realized gains/losses due to reclassifications 17 -4 13 3 -1 2
Benefit obligation adjustment -54 16 -38 -5 -1 -6
Foreign currency translation adjustment 238 -8 230 -35 6 -29
Other comprehensive income (loss) 169 11 180 -38 -5 -43

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