Coca Cola 2014 Annual Report Download - page 122
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120
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 derivatives1357 — 357
Net unrealized gain (loss) on available-for-sale securities2714 — 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, 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 derivatives1570 (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 securities21,122 (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.