Question: I am tasked with converted Daimler 2018 income statement form IFRS to GAAP. I was hoping that someone could review and walk me through it.

I am tasked with converted Daimler 2018 income statement form IFRS to GAAP. I was hoping that someone could review and walk me through it.

Daimler Group
(In Millions of Euros)
2018
Net Profit 7582
Currency Translation Adjustments 234
Equity Instruments and debt Instruments
Unrealized gains/losses (pre-tax) -45
Reclassifications to profit and loss (pre-tax 0
Taxes on unrealized gains/losses and on reclassifications 21
Equity instruments and debt instruments -24
Derivative financial instruments
Unrealized gains/losses (pre-tax) -1080
Reclassifications to profit and loss (pre-tax) -722
Taxes on unrealized gains/losses and on reclassifications 537
Derivative financial instruments -1265
Equity-method investments
Unrealized gains/losses (pre-tax) -3
Taxes on unrealized gains/losses and on reclassifications -1
Equity-method investments -4
Items that may be reclassified to profit/loss -1059
Actuarial gains/losses on equity-method investments (pre-tax) -1
Actuarial gains/losses on equity-method investments -1
Actuarial gains/losses from pensions and similar obligations (pre-tax) -1627
Taxes on actuarial gains/losses from pensions and similar obligations 171
Actuarial gains/losses from pensions and similar obligations -1456
Items that will not be reclassified to profit/loss -1457
Other comprehensive income/loss, net of taxes -2516
Total comprehensive income 5066

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