Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Tables)

v2.4.0.6
Comprehensive Income (Tables)
 3 Months Ended
Mar. 29, 2013
Comprehensive Income  
Comprehensive Income (Loss), Apportioned between Shareowners of the Coca-Cola Company and Noncontrolling Interests [Text Block]
The following table summarizes the allocation of total comprehensive income between shareowners of The Coca-Cola Company and noncontrolling interests (in millions):
 
Three Months Ended March 29, 2013
 
Shareowners of
The Coca-Cola Company

Noncontrolling
Interests

Total

Consolidated net income
$
1,751

$
18

$
1,769

Other comprehensive income:
 
 
 
Net foreign currency translation adjustment
47

23

70

Net gain (loss) on derivatives1
87

—

87

Net unrealized gain (loss) on available-for-sale securities2
8

—

8

Net change in pension and other benefit liabilities
32

—

32

Total comprehensive income
$
1,925

$
41

$
1,966

1 Refer to Note 5 for information related to the net gain or loss on derivative instruments classified as cash flow hedges.
2 Refer to Note 3 for information related to the net unrealized gain or loss on available-for-sale securities.
OCI attributable to the shareowners of The Coca-Cola Company
OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees' OCI, for the three months ended March 29, 2013, is as follows (in millions):
 
Before-Tax Amount

 
Income Tax

 
After-Tax Amount

Foreign currency translation adjustments:
 
 
 
 
 
Translation adjustment arising during the period
$
325

 
$
(60
)
 
$
265

Reclassification adjustments recognized in net income
(218
)
 
—

 
(218
)
Net foreign currency translation adjustments
107

 
(60
)
 
47

Derivatives:
 
 
 
 
 
Unrealized gains (losses) arising during the period
162

 
(64
)
 
98

Reclassification adjustments recognized in net income
(18
)
 
7

 
(11
)
Net gain (loss) on derivatives1
144

 
(57
)
 
87

Available-for-sale securities:
 
 
 
 
 
Unrealized gains (losses) arising during the period
5

 
3

 
8

Reclassification adjustments recognized in net income
—

 
—

 
—

Net change in unrealized gain (loss) on available-for-sale securities2
5

 
3

 
8

Pension and other benefit liabilities:
 
 
 
 
 
Net pension and other benefits arising during the period
7

 
(5
)
 
2

Reclassification adjustments recognized in net income3
48

 
(18
)
 
30

Net change in pension and other benefit liabilities4
55

 
(23
)
 
32

Other comprehensive income (loss) attributable to The Coca-Cola Company
$
311

 
$
(137
)
 
$
174

1 
Refer to Note 5 for additional information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments.
2 
Includes reclassification adjustments related to divestitures of certain available-for-sale securities. Refer to Note 3 for additional information related to these divestitures.
3 
These adjustments were not reclassified out of AOCI into a single line item in our condensed consolidated statement of income in their entirety. Refer to the table below which provides further details on our reclassification adjustments.
4 
Refer to Note 12 for additional information related to the Company's pension and other postretirement benefit liabilities.
OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees' OCI, for the three months ended March 30, 2012, is as follows (in millions):
 
Before-Tax Amount

 
Income Tax

 
After-Tax Amount

Net foreign currency translation adjustment
$
900

 
$
(21
)
 
$
879

Derivatives:
 
 
 
 
 
Unrealized gains (losses) arising during the period
22

 
(9
)
 
13

Reclassification adjustments recognized in net income
29

 
(11
)
 
18

Net gain (loss) on derivatives1
51

 
(20
)
 
31

Available-for-sale securities:
 
 
 
 
 
Unrealized gains (losses) arising during the period
155

 
(57
)
 
98

Reclassification adjustments recognized in net income
2

 
—

 
2

Net change in unrealized gain (loss) on available-for-sale securities2
157

 
(57
)
 
100

Pension and other benefit liabilities:
 
 
 
 
 
Net pension and other benefits arising during the period
(24
)
 
(1
)
 
(25
)
Reclassification adjustments recognized in net income3
22

 
(8
)
 
14

Net change in pension and other benefit liabilities4
(2
)
 
(9
)
 
(11
)
Other comprehensive income (loss) attributable to The Coca-Cola Company
$
1,106

 
$
(107
)
 
$
999

1 
Refer to Note 5 for additional information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments.
2 
Includes reclassification adjustments related to divestitures of certain available-for-sale securities. Refer to Note 3 for additional information related to these divestitures.
3 
These adjustments were not reclassified out of AOCI into a single line item in our condensed consolidated statement of income in their entirety. Refer to the table below which provides further details on our reclassification adjustments.
4 
Refer to Note 12 for additional information related to the Company's pension and other postretirement benefit liabilities.
Income statement location of adjustments reclassified form AOCI into income
The following table presents the amounts and line items in our condensed consolidated statement of income where adjustments reclassified from AOCI into income were recorded during the three months ended March 29, 2013 (in millions):
Description of AOCI Component
Location of Gain (Loss)
Recognized in Income
Amount Reclassified from AOCI into Income

Foreign currency translation adjustments:
 
 
Disposal of bottling operations
Other income (loss) — net
$
(218
)
 
Income before income taxes
$
(218
)
 
Income taxes
—

 
Consolidated net income
$
(218
)
Derivatives:
 
 
Foreign currency contracts
Net operating revenues
$
(19
)
Foreign currency contracts
Cost of goods sold
(2
)
Interest rate contracts
Interest expense
3

 
Income before income taxes
$
(18
)
 
Income taxes
7

 
Consolidated net income
$
(11
)
Pension and other benefit liabilities:
 
 
Insignificant items
Other income (loss) — net
$
(1
)
Amortization of net actuarial loss
*
53

Amortization of prior service cost (credit)
*
(4
)
 
Income before income taxes
$
48

 
Income taxes
(18
)
 
Consolidated net income
$
30

*
This component of AOCI is included in the Company's computation of net periodic benefit cost and is not reclassified out of AOCI into a single line item in our condensed consolidated statement of income in its entirety. Refer to Note 12 for additional information.