Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Tables)

v3.8.0.1
Comprehensive Income (Tables)
 3 Months Ended
Mar. 30, 2018
Comprehensive Income  
AOCI attributable to the shareowners of The Coca Cola Company
AOCI attributable to shareowners of The Coca-Cola Company consisted of the following, net of tax (in millions):
 
March 30,
2018

 
December 31, 2017

Foreign currency translation adjustments
$
(8,288
)
 
$
(8,957
)
Accumulated derivative net gains (losses)
(135
)
 
(119
)
Unrealized net gains (losses) on available-for-sale securities1
73

 
493

Adjustments to pension and other benefit liabilities
(1,688
)
 
(1,722
)
Accumulated other comprehensive income (loss)
$
(10,038
)
 
$
(10,305
)
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 30, 2018
 
Shareowners of
The Coca-Cola Company

Noncontrolling
Interests

Total

Consolidated net income
$
1,368

$
32

$
1,400

Other comprehensive income:
 
 
 
Net foreign currency translation adjustments
669

59

728

Net gain (loss) on derivatives1
(16
)
—

(16
)
Net change in unrealized gain (loss) on available-for-sale debt securities2
(11
)
—

(11
)
Net change in pension and other benefit liabilities3
34

—

34

Total comprehensive income
$
2,044

$
91

$
2,135

1 Refer to Note 6 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 4 for additional information related to the net unrealized gain or loss on available-for-sale debt securities.
3 Refer to Note 13 for additional information related to the Company's pension and other postretirement benefit liabilities.
OCI attributable to the shareowners of The Coca-Cola Company
The following tables present OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share
of equity method investees' OCI (in millions):
Three Months Ended March 30, 2018
Before-Tax Amount

 
Income Tax

 
After-Tax Amount

Foreign currency translation adjustments:
 
 
 
 
 
Translation adjustments arising during the period
$
167

 
$
(68
)
 
$
99

Reclassification adjustments recognized in net income
56

 
—

 
56

Gains (losses) on intra-entity transactions that are of a long-term investment nature
796

 
—

 
796

Gains (losses) on net investment hedges arising during the period1
(411
)
 
129

 
(282
)
Net foreign currency translation adjustments
$
608

 
$
61

 
$
669

Derivatives:

 

 

Gains (losses) arising during the period
$
66

 
$
(38
)
 
$
28

Reclassification adjustments recognized in net income
(58
)
 
14

 
(44
)
Net gains (losses) on derivatives1
$
8

 
$
(24
)
 
$
(16
)
Available-for-sale debt securities:

 

 

Unrealized gains (losses) arising during the period
$
(13
)
 
$
(2
)
 
$
(15
)
Reclassification adjustments recognized in net income
5

 
(1
)
 
4

Net change in unrealized gain (loss) on available-for-sale debt securities2
$
(8
)
 
$
(3
)
 
$
(11
)
Pension and other benefit liabilities:

 

 

Net pension and other benefit liabilities arising during the period
$
10

 
$
(1
)
 
$
9

Reclassification adjustments recognized in net income
33

 
(8
)
 
25

Net change in pension and other benefit liabilities3
$
43

 
$
(9
)
 
$
34

Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
   Company
$
651

 
$
25

 
$
676

1 
Refer to Note 6 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 debt securities. Refer to Note 4 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.

Three Months Ended March 31, 2017
Before-Tax Amount

 
Income Tax

 
After-Tax Amount

Foreign currency translation adjustments:
 
 
 
 
 
Translation adjustments arising during the period
$
472

 
$
47

 
$
519

Gains (losses) on intra-entity transactions that are of a long-term investment nature
408

 
—

 
408

Gains (losses) on net investment hedges arising during the period1
(11
)
 
4

 
(7
)
Net foreign currency translation adjustments
$
869

 
$
51

 
$
920

Derivatives:
 
 
 
 
 
Gains (losses) arising during the period
$
(78
)
 
$
32

 
$
(46
)
Reclassification adjustments recognized in net income
(120
)
 
45

 
(75
)
Net gains (losses) on derivatives1
$
(198
)
 
$
77

 
$
(121
)
Available-for-sale securities:
 
 
 
 
 
Unrealized gains (losses) arising during the period
$
258

 
$
(87
)
 
$
171

Reclassification adjustments recognized in net income
(19
)
 
7

 
(12
)
Net change in unrealized gain (loss) on available-for-sale securities2
$
239

 
$
(80
)
 
$
159

Pension and other benefit liabilities:
 
 
 
 
 
Net pension and other benefit liabilities arising during the period
$
(4
)
 
$
19

 
$
15

Reclassification adjustments recognized in net income
41

 
(15
)
 
26

Net change in pension and other benefit liabilities3
$
37

 
$
4

 
$
41

Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company
$
947

 
$
52

 
$
999

1 
Refer to Note 6 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 4 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.
Income statement location of adjustments reclassified from 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 (in millions):
 
 
Amount Reclassified from
AOCI into Income
 
Description of AOCI Component
Financial Statement Line Item
Three Months Ended March 30, 2018
 
Foreign currency translation adjustments:
 
 
 
Divestitures, deconsolidations and other1
Other income (loss) — net
$
56

 
 
Income from continuing operations before income taxes
56

 
 
Income taxes from continuing operations
—

 
 
Consolidated net income
$
56

 
Derivatives:
 
 
 
Foreign currency contracts
Net operating revenues
$
(15
)
 
Foreign currency and commodity contracts
Cost of goods sold
1

 
Foreign currency contracts
Other income (loss) — net
(71
)
 
Foreign currency and commodity contracts
Income from discontinued operations
8

 
Foreign currency and interest rate contracts
Interest expense
19

 
 
Income from continuing operations before income taxes
(58
)
 
 
Income taxes from continuing operations
14

 
 
Consolidated net income
$
(44
)
 
Available-for-sale securities:
 
 
 
Sale of securities
Other income (loss) — net
$
5

 
 
Income from continuing operations before income taxes
5

 
 
Income taxes from continuing operations
(1
)
 
 
Consolidated net income
$
4

 
Pension and other benefit liabilities:
 
 
 
Recognized net actuarial loss (gain)
Other income (loss) — net
$
35

 
Recognized prior service cost (credit)
Other income (loss) — net
(2
)
 
 
Income from continuing operations before income taxes
33

 
 
Income taxes from continuing operations
(8
)
 
 
Consolidated net income
$
25

 
1 Primarily related to the reversal of the cumulative translation adjustments resulting from the substantial liquidation of the Company's
former Russian juice operations.