Question: The following is an excerpt from a disclosure note from the 2016 annual report of Kaufman Chemicals, Inc.: COMPREHENSIVE INCOME (LOSS) The components of comprehensive

The following is an excerpt from a disclosure note from the 2016 annual report of Kaufman Chemicals, Inc.:

COMPREHENSIVE INCOME (LOSS)
The components of comprehensive income, net of tax, are as follows (in millions):
Years Ended December 31 2016 2015 2014
Net income $ 922 $ 752 $ 607
Other comprehensive income:
Change in net unrealized gains on investments, net of tax of $25, ($13), and $22 in 2016, 2015, and 2014, respectively 38 (24 ) 30
Other (3 ) (1 ) 1
Total comprehensive income $ 957 $ 727 $ 638

Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows:

($ in millions)
2016 2015
Shareholders equity:
Common stock 365 365
Additional paid-in capital 8,777 8,777
Retained earnings 7,857 7,301
Accumulated other comprehensive income 119 84
Total shareholders equity $ 17,118 $ 16,527

Required:
4. From the information provided, determine how Kaufman calculated the $119 million accumulated other comprehensive income in 2016. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

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