Comprehensive Income (Tables)

3 Months Ended

Mar. 29, 2013

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 29, 2013
	Shareowners of The Coca-Cola Company		Noncontrolling Interests		Total
Consolidated net income	$	1,751	$	18	$	1,769
Other comprehensive income:
Net foreign currency translation adjustment	47		23		70
Net gain (loss) on derivatives¹	87		—		87
Net unrealized gain (loss) on available-for-sale securities²	8		—		8
Net change in pension and other benefit liabilities	32		—		32
Total comprehensive income	$	1,925	$	41	$	1,966

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

²Refer to Note 3 for information related to the net unrealized gain or loss on available-for-sale securities.

OCI attributable to the shareowners of The Coca-Cola Company

OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees' OCI, for the three months ended March 29, 2013, is as follows (in millions):



	Before-Tax Amount			Income Tax			After-Tax Amount
Foreign currency translation adjustments:
Translation adjustment arising during the period	$	325		$	(60	)	$	265
Reclassification adjustments recognized in net income	(218		)	—			(218		)
Net foreign currency translation adjustments	107			(60		)	47
Derivatives:
Unrealized gains (losses) arising during the period	162			(64		)	98
Reclassification adjustments recognized in net income	(18		)	7			(11		)
Net gain (loss) on derivatives¹	144			(57		)	87
Available-for-sale securities:
Unrealized gains (losses) arising during the period	5			3			8
Reclassification adjustments recognized in net income	—			—			—
Net change in unrealized gain (loss) on available-for-sale securities²	5			3			8
Pension and other benefit liabilities:
Net pension and other benefits arising during the period	7			(5		)	2
Reclassification adjustments recognized in net income³	48			(18		)	30
Net change in pension and other benefit liabilities⁴	55			(23		)	32
Other comprehensive income (loss) attributable to The Coca-Cola Company	$	311		$	(137	)	$	174


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	These adjustments were not reclassified out of AOCI into a single line item in our condensed consolidated statement of income in their entirety. Refer to the table below which provides further details on our reclassification adjustments.


⁴	Refer to Note 12 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 three months ended March 30, 2012, is as follows (in millions):



	Before-Tax Amount			Income Tax			After-Tax Amount
Net foreign currency translation adjustment	$	900		$	(21	)	$	879
Derivatives:
Unrealized gains (losses) arising during the period	22			(9		)	13
Reclassification adjustments recognized in net income	29			(11		)	18
Net gain (loss) on derivatives¹	51			(20		)	31
Available-for-sale securities:
Unrealized gains (losses) arising during the period	155			(57		)	98
Reclassification adjustments recognized in net income	2			—			2
Net change in unrealized gain (loss) on available-for-sale securities²	157			(57		)	100
Pension and other benefit liabilities:
Net pension and other benefits arising during the period	(24		)	(1		)	(25		)
Reclassification adjustments recognized in net income³	22			(8		)	14
Net change in pension and other benefit liabilities⁴	(2		)	(9		)	(11		)
Other comprehensive income (loss) attributable to The Coca-Cola Company	$	1,106		$	(107	)	$	999


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	These adjustments were not reclassified out of AOCI into a single line item in our condensed consolidated statement of income in their entirety. Refer to the table below which provides further details on our reclassification adjustments.


⁴	Refer to Note 12 for additional information related to the Company's pension and other postretirement benefit liabilities.

Income statement location of adjustments reclassified form 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 during the three months ended March 29, 2013 (in millions):



Description of AOCI Component	Location of Gain (Loss) Recognized in Income	Amount Reclassified from AOCI into Income
Foreign currency translation adjustments:
Disposal of bottling operations	Other income (loss) — net	$	(218	)
	Income before income taxes	$	(218	)
	Income taxes	—
	Consolidated net income	$	(218	)
Derivatives:
Foreign currency contracts	Net operating revenues	$	(19	)
Foreign currency contracts	Cost of goods sold	(2		)
Interest rate contracts	Interest expense	3
	Income before income taxes	$	(18	)
	Income taxes	7
	Consolidated net income	$	(11	)
Pension and other benefit liabilities:
Insignificant items	Other income (loss) — net	$	(1	)
Amortization of net actuarial loss	*	53
Amortization of prior service cost (credit)	*	(4		)
	Income before income taxes	$	48
	Income taxes	(18		)
	Consolidated net income	$	30


*	This component of AOCI is included in the Company's computation of net periodic benefit cost and is not reclassified out of AOCI into a single line item in our condensed consolidated statement of income in its entirety. Refer to Note 12 for additional information.

- Definition

The entire disclosure for any adjustments made during the period to avoid double counting in comprehensive income items displayed as part of net income that also had been displayed as part of other comprehensive income in that period or earlier periods. These adjustments include reclassifications to net income of items in accumulated comprehensive income, such as deferred gains or losses on qualifying hedges when hedged item reported in net income, holding gains or losses on available-for-sale securities transferred into trading category, unrealized holding gains or losses on debt securities transferred from held-to-maturity category into available-for-sale category and accumulated translation adjustment attributable to foreign subsidiary or investment in foreign entity upon sale or liquidation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 17

-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e716-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 31

-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 18, 19, 20, 21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Reclassification Adjustments

-URI http://asc.fasb.org/extlink&oid=6522872

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-Publisher FASB

-Name Accounting Standards Codification

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e689-108580

+ Details

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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