Current report filing

OTHER COMPREHENSIVE INCOME (Tables)

v2.4.0.8
OTHER COMPREHENSIVE INCOME (Tables)
 12 Months Ended
Dec. 31, 2012
OTHER COMPREHENSIVE INCOME [Abstract]  
AOCI attributable to the shareowners of The Coca-Cola Company
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
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.