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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 |
| 2024 |
|
|
|
| Foreign currency translation adjustments: |
|
|
|
| Translation adjustments arising during the year |
$ |
(2,427) |
|
$ |
263
|
|
$ |
(2,164) |
|
| Reclassification adjustments recognized in net income |
103
|
|
—
|
|
103
|
|
| Gains (losses) on intra-entity transactions that are of a long-term investment nature |
(1,455) |
|
—
|
|
(1,455) |
|
Gains (losses) on net investment hedges arising during the year1
|
844
|
|
(212) |
|
632
|
|
|
|
|
|
| Net foreign currency translation adjustments |
$ |
(2,935) |
|
$ |
51
|
|
$ |
(2,884) |
|
| Derivatives: |
|
|
|
| Gains (losses) arising during the year |
$ |
405
|
|
$ |
(98) |
|
$ |
307
|
|
| Reclassification adjustments recognized in net income |
(50) |
|
13
|
|
(37) |
|
Net gains (losses) on derivatives1
|
$ |
355
|
|
$ |
(85) |
|
$ |
270
|
|
| Available-for-sale debt securities: |
|
|
|
| Unrealized gains (losses) arising during the year |
$ |
(93) |
|
$ |
31
|
|
$ |
(62) |
|
| Reclassification adjustments recognized in net income |
(2) |
|
1
|
|
(1) |
|
Net change in unrealized gains (losses) on available-for-sale debt securities2
|
$ |
(95) |
|
$ |
32
|
|
$ |
(63) |
|
| Pension and other postretirement benefit liabilities: |
|
|
|
| Net pension and other postretirement benefit liabilities arising during the year |
$ |
83
|
|
$ |
(25) |
|
$ |
58
|
|
| Reclassification adjustments recognized in net income |
69
|
|
(18) |
|
51
|
|
Net change in pension and other postretirement benefit liabilities3
|
$ |
152
|
|
$ |
(43) |
|
$ |
109
|
|
Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company |
$ |
(2,523) |
|
$ |
(45) |
|
$ |
(2,568) |
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|
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|
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|
|
|
| 2023 |
|
|
|
| Foreign currency translation adjustments: |
|
|
|
| Translation adjustments arising during the year |
$ |
366 |
|
$ |
(131) |
|
$ |
235 |
|
| Reclassification adjustments recognized in net income |
223 |
|
— |
|
223 |
|
| Gains (losses) on intra-entity transactions that are of a long-term investment nature |
712 |
|
— |
|
712 |
|
Gains (losses) on net investment hedges arising during the year1
|
(382) |
|
95 |
|
(287) |
|
|
|
|
|
| Net foreign currency translation adjustments |
$ |
919 |
|
$ |
(36) |
|
$ |
883 |
|
| Derivatives: |
|
|
|
| Gains (losses) arising during the year |
$ |
(194) |
|
$ |
23 |
|
$ |
(171) |
|
| Reclassification adjustments recognized in net income |
(10) |
|
3 |
|
(7) |
|
Net gains (losses) on derivatives1
|
$ |
(204) |
|
$ |
26 |
|
$ |
(178) |
|
| Available-for-sale debt securities: |
|
|
|
| Unrealized gains (losses) arising during the year |
$ |
28 |
|
$ |
(10) |
|
$ |
18 |
|
| Reclassification adjustments recognized in net income |
7 |
|
(1) |
|
6 |
|
Net change in unrealized gains (losses) on available-for-sale debt securities2
|
$ |
35 |
|
$ |
(11) |
|
$ |
24 |
|
| Pension and other postretirement benefit liabilities: |
|
|
|
| Net pension and other postretirement benefit liabilities arising during the year |
$ |
(314) |
|
$ |
80 |
|
$ |
(234) |
|
| Reclassification adjustments recognized in net income |
157 |
|
(32) |
|
125 |
|
Net change in pension and other postretirement benefit liabilities3
|
$ |
(157) |
|
$ |
48 |
|
$ |
(109) |
|
Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company |
$ |
593 |
|
$ |
27 |
|
$ |
620 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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: |
|
|
|
| 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 |
|
Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company |
$ |
(13) |
|
$ |
(552) |
|
$ |
(565) |
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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 14 for additional information related to the Company’s pension and other postretirement benefit liabilities.
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