Coca Cola 2003 Annual Report Download - page 76

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Coca-Cola Company and Subsidiaries
NOTE 8: COMPREHENSIVE INCOME
Accumulated other comprehensive income (‘‘AOCI’’), including our proportionate share of equity method
investees’ AOCI, consists of the following (in millions):
December 31, 2003 2002
Foreign currency translation adjustment $ (1,856) $ (2,777)
Accumulated derivative net losses (77) (44)
Unrealized gain on available-for-sale securities 52 12
Minimum pension liability (114) (238)
$ (1,995) $ (3,047)
A summary of the components of other comprehensive income, including our proportionate share of equity
method investees’ other comprehensive income, for the years ended December 31, 2003, 2002 and 2001 is as
follows (in millions):
Before-Tax Income After-Tax
Amount Tax Amount
2003
Net foreign currency translation $ 913 $ 8 $ 921
Net loss on derivatives (63) 30 (33)
Net change in unrealized gain on available-for-sale securities 65 (25) 40
Net change in minimum pension liability 181 (57) 124
Other comprehensive income (loss) $ 1,096 $ (44) $ 1,052
Before-Tax Income After-Tax
Amount Tax Amount
2002
Net foreign currency translation $ (51) $ (44) $ (95)
Net loss on derivatives (284) 98 (186)
Net change in unrealized gain on available-for-sale securities 104 (37) 67
Net change in minimum pension liability (299) 104 (195)
Other comprehensive income (loss) $ (530) $ 121 $ (409)
Before-Tax Income After-Tax
Amount Tax Amount
2001
Net foreign currency translation $ (285) $ 78 $ (207)
Cumulative effect of adopting SFAS No. 133, net 83 (33) 50
Net gain on derivatives 151 (59) 92
Net change in unrealized loss on available-for-sale securities (39) 10 (29)
Net change in minimum pension liability (27) 10 (17)
Other comprehensive income (loss) $ (117) $ 6 $ (111)
73