YEAR IN REVIEW – OUR RESULTS
TOTAL COMPREHENSIVE INCOME (LOSS)
Total comprehensive income recognized this year was $98.9 million, compared to a loss of $31.2 million in the prior year. In addition to net results, total comprehensive income includes remeasurements of pension plan values. These remeasurements are driven by significant non-cash fluctuations in our pension plan's obligations and assets that occur when actual results or interest rates differ from our actuarial assumptions. We recognize these movements immediately in other comprehensive income each reporting period.
A gain of $169.7 million was recognized this year on remeasurements of defined benefit plans as a result of a higher return on plan assets than estimated in our actuarial assumptions.
In 2015-2016, a gain of $32.7 million was recognized from remeasurements of our defined benefit plans as a result of a decrease in our plan obligations due to a 25 basis-point increase in the discount rate used to value these long-term liabilities. This gain was partly offset by a lower return on plan assets than estimated in our actuarial assumptions.