Current report filing

OTHER COMPREHENSIVE INCOME

v2.4.0.8
OTHER COMPREHENSIVE INCOME
 12 Months Ended
Dec. 31, 2012
OTHER COMPREHENSIVE INCOME [Abstract]  
OTHER COMPREHENSIVE INCOME
OTHER COMPREHENSIVE INCOME
AOCI attributable to shareowners of The Coca-Cola Company is separately presented on our consolidated balance sheets as a component of The Coca-Cola Company's shareowners' equity, which also includes our proportionate share of equity method investees' AOCI. Other comprehensive income (loss) ("OCI") attributable to noncontrolling interests is allocated to, and included in, our balance sheets as part of the line item equity attributable to noncontrolling interests. AOCI attributable to shareowners of The Coca-Cola Company consisted of the following (in millions):
December 31,
2012

 
2011

 
 
 
As Adjusted

Foreign currency translation adjustment
$
(1,665
)
 
$
(1,445
)
Accumulated derivative net gains (losses)
46

 
(53
)
Unrealized net gains (losses) on available-for-sale securities
338

 
160

Adjustments to pension and other benefit liabilities
(2,104
)
 
(1,436
)
Accumulated other comprehensive income (loss)
$
(3,385
)
 
$
(2,774
)

OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees' OCI, for the years ended December 31, 2012, 2011 and 2010, is as follows (in millions):
 
Before-Tax Amount

 
Income Tax

 
After-Tax Amount

2012
 
 
 
 
 
Net foreign currency translation adjustment
$
(219
)
 
$
(1
)
 
$
(220
)
Derivatives:
 
 
 
 
 
Unrealized gains (losses) arising during the year
77

 
(29
)
 
48

Reclassification adjustments recognized in net income
82

 
(31
)
 
51

Net gain (loss) on derivatives1
159

 
(60
)
 
99

Available-for-sale securities:
 
 
 
 
 
Unrealized gains (losses) arising during the year
248

 
(64
)
 
184

Reclassification adjustments recognized in net income
(6
)
 
—

 
(6
)
Net change in unrealized gain (loss) on available-for-sale securities2
242

 
(64
)
 
178

Pension and other benefit liabilities:
 
 
 
 
 
Net pension and other benefits arising during the year
(1,132
)
 
405

 
(727
)
Reclassification adjustments recognized in net income
92

 
(33
)
 
59

Net change in pension and other benefit liabilities3
(1,040
)
 
372

 
(668
)
Other comprehensive income (loss) attributable to The Coca-Cola Company
$
(858
)
 
$
247

 
$
(611
)
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 
Refer to Note 13 for additional information related to the Company's pension and other postretirement benefit liabilities.
 
Before-Tax Amount

 
Income Tax

 
After-Tax Amount

2011 — As Adjusted
 
 
 
 
 
Net foreign currency translation adjustment
$
(639
)
 
$
(1
)
 
$
(640
)
Derivatives:
 
 
 
 
 
Unrealized gains (losses) arising during the year
(3
)
 
(1
)
 
(4
)
Reclassification adjustments recognized in net income
243

 
(94
)
 
149

Net gain (loss) on derivatives1
240

 
(95
)
 
145

Available-for-sale securities:
 
 
 
 
 
Unrealized gains (losses) arising during the year
(4
)
 
(8
)
 
(12
)
Reclassification adjustments recognized in net income
10

 
(5
)
 
5

Net change in unrealized gain (loss) on available-for-sale securities2
6

 
(13
)
 
(7
)
Pension and other benefit liabilities:
 
 
 
 
 
Net pension and other benefits arising during the year
(1,206
)
 
423

 
(783
)
Reclassification adjustments recognized in net income
31

 
(11
)
 
20

Net change in pension and other benefit liabilities3
(1,175
)
 
412

 
(763
)
Other comprehensive income (loss) attributable to The Coca-Cola Company
$
(1,568
)
 
$
303

 
$
(1,265
)
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 
Refer to Note 13 for additional information related to the Company's pension and other postretirement benefit liabilities.
 
Before-Tax Amount

 
Income Tax

 
After-Tax Amount

2010 — As Adjusted
 
 
 
 
 
Net foreign currency translation adjustment
$
(966
)
 
$
31

 
$
(935
)
Derivatives:
 
 
 
 
 
Unrealized gains (losses) arising during the year
(239
)
 
108

 
(131
)
Reclassification adjustments recognized in net income
17

 
(6
)
 
11

Net gain (loss) on derivatives1
(222
)
 
102

 
(120
)
Available-for-sale securities:
 
 
 
 
 
Unrealized gains (losses) arising during the year
115

 
(25
)
 
90

Reclassification adjustments recognized in net income
18

 
(6
)
 
12

Net change in unrealized gain (loss) on available-for-sale securities2
133

 
(31
)
 
102

Pension and other benefit liabilities:
 
 
 
 
 
Net pension and other benefits arising during the year
397

 
(139
)
 
258

Reclassification adjustments recognized in net income
35

 
(11
)
 
24

Net change in pension and other benefit liabilities3
432

 
(150
)
 
282

Other comprehensive income (loss) attributable to The Coca-Cola Company
$
(623
)
 
$
(48
)
 
$
(671
)
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 
Refer to Note 13 for additional information related to the Company's pension and other postretirement benefit liabilities.