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The following tables present OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees’ OCI (in millions):
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Before-Tax Amount |
Income Tax |
After-Tax Amount |
| 2022 |
|
|
|
| Foreign currency translation adjustments: |
|
|
|
| Translation adjustments arising during the year |
$ |
(125) |
|
$ |
(226) |
|
$ |
(351) |
|
| Reclassification adjustments recognized in net income |
200
|
|
—
|
|
200
|
|
| Gains (losses) on intra-entity transactions that are of a long-term investment nature |
(1,419) |
|
—
|
|
(1,419) |
|
Gains (losses) on net investment hedges arising during the year1
|
741
|
|
(185) |
|
556
|
|
|
|
|
|
| Net foreign currency translation adjustments |
$ |
(603) |
|
$ |
(411) |
|
$ |
(1,014) |
|
| Derivatives: |
|
|
|
| Gains (losses) arising during the year |
$ |
165
|
|
$ |
(40) |
|
$ |
125
|
|
| Reclassification adjustments recognized in net income |
(161) |
|
40
|
|
(121) |
|
Net gains (losses) on derivatives1
|
$ |
4
|
|
$ |
—
|
|
$ |
4
|
|
| Available-for-sale debt securities: |
|
|
|
| Unrealized gains (losses) arising during the year |
$ |
(69) |
|
$ |
4
|
|
$ |
(65) |
|
| Reclassification adjustments recognized in net income |
131
|
|
(29) |
|
102
|
|
Net change in unrealized gains (losses) on available-for-sale debt securities2
|
$ |
62
|
|
$ |
(25) |
|
$ |
37
|
|
| Pension and other postretirement benefit liabilities: |
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|
|
| Net pension and other postretirement benefit liabilities arising during the year |
$ |
420
|
|
$ |
(90) |
|
$ |
330
|
|
| Reclassification adjustments recognized in net income |
104
|
|
(26) |
|
78
|
|
Net change in pension and other postretirement benefit liabilities3
|
$ |
524
|
|
$ |
(116) |
|
$ |
408
|
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Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company |
$ |
(13) |
|
$ |
(552) |
|
$ |
(565) |
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| 2021 |
|
|
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| Foreign currency translation adjustments: |
|
|
|
| Translation adjustments arising during the year |
$ |
263 |
|
$ |
19 |
|
$ |
282 |
|
| Reclassification adjustments recognized in net income |
257 |
|
— |
|
257 |
|
| Gains (losses) on intra-entity transactions that are of a long-term investment nature |
(1,798) |
|
— |
|
(1,798) |
|
Gains (losses) on net investment hedges arising during the year1
|
918 |
|
(230) |
|
688 |
|
| Reclassification adjustments for net investment hedges recognized in net income |
4 |
|
— |
|
4 |
|
| Net foreign currency translation adjustments |
$ |
(356) |
|
$ |
(211) |
|
$ |
(567) |
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| Derivatives: |
|
|
|
| Gains (losses) arising during the year |
$ |
160 |
|
$ |
(41) |
|
$ |
119 |
|
| Reclassification adjustments recognized in net income |
124 |
|
(29) |
|
95 |
|
Net gains (losses) on derivatives1
|
$ |
284 |
|
$ |
(70) |
|
$ |
214 |
|
| Available-for-sale debt securities: |
|
|
|
| Unrealized gains (losses) arising during the year |
$ |
(141) |
|
$ |
48 |
|
$ |
(93) |
|
| Reclassification adjustments recognized in net income |
4 |
|
(1) |
|
3 |
|
Net change in unrealized gains (losses) on available-for-sale debt securities2
|
$ |
(137) |
|
$ |
47 |
|
$ |
(90) |
|
| Pension and other postretirement benefit liabilities: |
|
|
|
| Net pension and other postretirement benefit liabilities arising during the year |
$ |
653 |
|
$ |
(138) |
|
$ |
515 |
|
| Reclassification adjustments recognized in net income |
265 |
|
(66) |
|
199 |
|
Net change in pension and other postretirement benefit liabilities3
|
$ |
918 |
|
$ |
(204) |
|
$ |
714 |
|
Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company |
$ |
709 |
|
$ |
(438) |
|
$ |
271 |
|
|
|
|
|
|
|
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|
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|
Before-Tax Amount |
Income Tax |
After-Tax Amount |
| 2020 |
|
|
|
| Foreign currency translation adjustments: |
|
|
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| Translation adjustments arising during the year |
$ |
(2,223) |
|
$ |
150 |
|
$ |
(2,073) |
|
| Reclassification adjustments recognized in net income |
3 |
|
— |
|
3 |
|
| Gains (losses) on intra-entity transactions that are of a long-term investment nature |
2,133 |
|
— |
|
2,133 |
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Gains (losses) on net investment hedges arising during the year1
|
(1,094) |
|
273 |
|
(821) |
|
| Net foreign currency translation adjustments |
$ |
(1,181) |
|
$ |
423 |
|
$ |
(758) |
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| Derivatives: |
|
|
|
| Gains (losses) arising during the year |
$ |
(54) |
|
$ |
13 |
|
$ |
(41) |
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| Reclassification adjustments recognized in net income |
74 |
|
(18) |
|
56 |
|
Net gains (losses) on derivatives1
|
$ |
20 |
|
$ |
(5) |
|
$ |
15 |
|
| Available-for-sale debt securities: |
|
|
|
| Unrealized gains (losses) arising during the year |
$ |
(64) |
|
$ |
22 |
|
$ |
(42) |
|
| Reclassification adjustments recognized in net income |
(7) |
|
2 |
|
(5) |
|
Net change in unrealized gains (losses) on available-for-sale debt securities2
|
$ |
(71) |
|
$ |
24 |
|
$ |
(47) |
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| Pension and other postretirement benefit liabilities: |
|
|
|
| Net pension and other postretirement benefit liabilities arising during the year |
$ |
(560) |
|
$ |
138 |
|
$ |
(422) |
|
| Reclassification adjustments recognized in net income |
206 |
|
(51) |
|
155 |
|
Net change in pension and other postretirement benefit liabilities3
|
$ |
(354) |
|
$ |
87 |
|
$ |
(267) |
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Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company |
$ |
(1,586) |
|
$ |
529 |
|
$ |
(1,057) |
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1Refer to Note 5 for additional information related to the net gains or losses on derivative instruments.
2Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities.
3Refer to Note 13 for additional information related to the Company’s pension and other postretirement benefit liabilities.
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