Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income

 v2.3.0.11
Comprehensive Income
6 Months Ended
Jul. 01, 2011
Comprehensive Income.  
Comprehensive Income

Note 8 — Comprehensive Income

The following table provides a summary of total comprehensive income, including our proportionate share of equity method investees' other comprehensive income (loss), for the applicable periods (in millions):

 

  Three Months Ended     Six Months Ended    

 

    July 1,
2011
    July 2,
2010
    July 1,
2011
    July 2,
2010
 
   

Consolidated net income

    $  2,804     $  2,382     $  4,717     $    4,008  

Other comprehensive income ("OCI"):

                         

    Net foreign currency translation gain (loss)

    744     (922 )   1,674     (1,721 )

    Net gain (loss) on derivatives1

    (20 )   36     (17 )   68  

    Net change in unrealized gain on available-for-sale securities2

    100     24     76     71  

    Net change in pension liability

    (8 )   3     (12 )   32  
   

Total comprehensive income

    $  3,620     $  1,523     $  6,438     $    2,458  
   

1 Refer to Note 5 for information related to the net gain or loss on derivative instruments classified as cash flow hedges.

 

2 Includes reclassification adjustments related to other-than-temporary impairments of certain available-for-sale securities. Refer to Note 3 and Note 14 for additional information related to these impairments.

 

The following table summarizes the allocation of total comprehensive income between shareowners of The Coca-Cola Company and the noncontrolling interests (in millions):

 

  Six Months Ended July 1, 2011    

 

  Shareowners of The
Coca-Cola Company
  Noncontrolling
Interests
  Total  
   

Consolidated net income

  $  4,697   $    20   $  4,717  

Other comprehensive income:

             

    Net foreign currency translation gain (loss)

  1,690   (16 ) 1,674  

    Net gain (loss) on derivatives1

  (17 ) —   (17 )

    Net change in unrealized gain on available-for-sale securities

  76   —   76  

    Net change in pension liability

  (12 ) —   (12 )
   

Total comprehensive income

  $  6,434   $      4   $  6,438  
   

1 Refer to Note 5 for information related to the net gain or loss on derivative instruments classified as cash flow hedges.