The summation of net income and other comprehensive income. It is the change in equity during a period that is caused by transactions and other events, other than from transactions with owners (nonowner sources). In other words:

Total comprehensive income = net income +/- other comprehensive income

Other comprehensive income (OCI) = ending shareholders’ equity – beginning shareholders’ equity – net income + declared dividends

Total comprehensive income captures all changes in equity during a specific period excluding changes resulting from investments made by owners and distributions to owners.