Annual report pursuant to Section 13 and 15(d)

OTHER COMPREHENSIVE INCOME (Tables)

v2.4.1.9
OTHER COMPREHENSIVE INCOME (Tables)
12 Months Ended
Dec. 31, 2014
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,
2014

 
2013

Foreign currency translation adjustment
$
(5,226
)
 
$
(2,849
)
Accumulated derivative net gains (losses)
554

 
197

Unrealized net gains (losses) on available-for-sale securities
972

 
258

Adjustments to pension and other benefit liabilities
(2,077
)
 
(1,038
)
Accumulated other comprehensive income (loss)
$
(5,777
)
 
$
(3,432
)
Allocation of total comprehensive income or Loss between shareowners of the 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):
 
Year Ended December 31, 2014
 
Shareowners of
The Coca-Cola Company

Noncontrolling
Interests

Total

Consolidated net income
$
7,098

$
26

$
7,124

Other comprehensive income:
 
 
 
Net foreign currency translation adjustment
(2,377
)
(5
)
(2,382
)
Net gain (loss) on derivatives1
357


357

Net unrealized gain (loss) on available-for-sale securities2
714


714

Net change in pension and other benefit liabilities3
(1,039
)

(1,039
)
Total comprehensive income
$
4,753

$
21

$
4,774


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
Refer to Note 3 for information related to the net unrealized gain or loss on available-for-sale securities.
3 
Refer to Note 13 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
OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees' OCI, for the years ended December 31, 2014, 2013 and 2012, is as follows (in millions):
 
Before-Tax Amount

 
Income Tax

 
After-Tax Amount

2014
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Translation adjustment arising in the period
$
(2,560
)
 
$
183

 
$
(2,377
)
     Net foreign currency translation adjustment
(2,560
)
 
183

 
(2,377
)
Derivatives:
 
 
 
 
 
Unrealized gains (losses) arising during the year
620

 
(231
)
 
389

Reclassification adjustments recognized in net income
(50
)
 
18

 
(32
)
Net gain (loss) on derivatives1
570

 
(213
)
 
357

Available-for-sale securities:
 
 
 
 
 
Unrealized gains (losses) arising during the year
1,139

 
(412
)
 
727

Reclassification adjustments recognized in net income
(17
)
 
4

 
(13
)
Net change in unrealized gain (loss) on available-for-sale securities2
1,122

 
(408
)
 
714

Pension and other benefit liabilities:
 
 
 
 
 
Net pension and other benefits arising during the year
(1,666
)
 
588

 
(1,078
)
Reclassification adjustments recognized in net income
60

 
(21
)
 
39

Net change in pension and other benefit liabilities3
(1,606
)
 
567

 
(1,039
)
Other comprehensive income (loss) attributable to The Coca-Cola Company
$
(2,474
)
 
$
129

 
$
(2,345
)
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

2013
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
Translation adjustment arising in the period
$
(1,046
)
 
$
56

 
$
(990
)
Reclassification adjustments recognized in net income
(194
)
 

 
(194
)
     Net foreign currency translation adjustment
(1,240
)
 
56

 
(1,184
)
Derivatives:
 
 
 
 
 
Unrealized gains (losses) arising during the year
425

 
(173
)
 
252

Reclassification adjustments recognized in net income
(167
)
 
66

 
(101
)
Net gain (loss) on derivatives1
258

 
(107
)
 
151

Available-for-sale securities:
 
 
 
 
 
Unrealized gains (losses) arising during the year
(134
)
 
42

 
(92
)
Reclassification adjustments recognized in net income
12

 

 
12

Net change in unrealized gain (loss) on available-for-sale securities2
(122
)
 
42

 
(80
)
Pension and other benefit liabilities:
 
 
 
 
 
Net pension and other benefits arising during the year
1,490

 
(550
)
 
940

Reclassification adjustments recognized in net income
198

 
(72
)
 
126

Net change in pension and other benefit liabilities3
1,688

 
(622
)
 
1,066

Other comprehensive income (loss) attributable to The Coca-Cola Company
$
584

 
$
(631
)
 
$
(47
)
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

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.
Disclosure of Reclassification Amount [Text Block]
The following table presents the amounts and line items in our consolidated statements of income where adjustments reclassified from AOCI into income were recorded during the year ended December 31, 2014 (in millions):
Description of AOCI Component
Financial Statement Line Item
Amount Reclassified from
AOCI into Income

 
Derivatives:
 
 
 
Foreign currency contracts
Net operating revenues
$
(121
)
 
Foreign currency and commodity contracts
Cost of goods sold
(37
)
 
Foreign currency contracts
Other income (loss) — net
108

 
 
Income before income taxes
$
(50
)
 
 
Income taxes
18

 
 
Consolidated net income
$
(32
)
 
Available-for-sale securities:
 
 
 
Sale of securities
Other income (loss) — net
$
(17
)
 
 
Income before income taxes
$
(17
)
 
 
Income taxes
4

 
 
Consolidated net income
$
(13
)
 
Pension and other benefit liabilities:
 
 
 
Amortization of net actuarial loss
*
$
79

 
Amortization of prior service cost (credit)
*
(19
)
 
 
Income before income taxes
$
60

 
 
Income taxes
(21
)
 
 
Consolidated net income
$
39

 
*
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 consolidated statements of income in its entirety. Refer to Note 13 for additional information.