Accumulated Other Comprehensive Income
Comprehensive income consists of two elements, net income and other comprehensive income. Other comprehensive income items are recorded in the stockholders’ equity section of our balance sheets and excluded from net income. Our other comprehensive income consists of unrealized gains and losses on marketable debt and equity securities classified as available-for-sale and foreign currency translation adjustments for subsidiaries with functional currencies other than the U.S. dollar.
The following table shows the components of accumulated other comprehensive income, net of income taxes, in the stockholders' equity section of our balance sheets at the dates indicated.
|
| | | | | | | |
| July 31, |
(In millions) | 2013 | | 2012 |
Unrealized gains on available-for-sale debt securities | $ | — |
| | $ | 1 |
|
Unrealized gains on available-for-sale equity securities | 18 |
| | 18 |
|
Foreign currency translation adjustments | 2 |
| | 6 |
|
Total accumulated other comprehensive income | $ | 20 |
| | $ | 25 |
|
