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 September 27, 2024 | Before-Tax Amount | Income Tax | After-Tax Amount | | Foreign currency translation adjustments: | | | | | Translation adjustments arising during the period | $ | (469) | | $ | 89 | | $ | (380) | | | | | | | Gains (losses) on intra-entity transactions that are of a long-term investment nature | 959 | | — | | 959 | | Gains (losses) on net investment hedges arising during the period1 | (575) | | 143 | | (432) | | | | | | | Net foreign currency translation adjustments | $ | (85) | | $ | 232 | | $ | 147 | | | Derivatives: | | | | | Gains (losses) arising during the period | $ | (216) | | $ | 52 | | $ | (164) | | | Reclassification adjustments recognized in net income | (72) | | 18 | | (54) | | Net gains (losses) on derivatives1 | $ | (288) | | $ | 70 | | $ | (218) | | | Available-for-sale debt securities: | | | | | Unrealized gains (losses) arising during the period | $ | 11 | | $ | (2) | | $ | 9 | | | Reclassification adjustments recognized in net income | (8) | | 2 | | (6) | | Net change in unrealized gains (losses) on available-for-sale debt securities2 | $ | 3 | | $ | — | | $ | 3 | | | Pension and other postretirement benefit liabilities: | | | | | Net pension and other postretirement benefit liabilities arising during the period | $ | (20) | | $ | 5 | | $ | (15) | | | Reclassification adjustments recognized in net income | 6 | | (1) | | 5 | | | Net change in pension and other postretirement benefit liabilities | $ | (14) | | $ | 4 | | $ | (10) | | Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company | $ | (384) | | $ | 306 | | $ | (78) | |
1 Refer to Note 6 for additional information related to the net gains or losses on derivative instruments. 2 Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities. | | | | | | | | | | | | | Nine Months Ended September 27, 2024 | Before-Tax Amount | Income Tax | After-Tax Amount | | Foreign currency translation adjustments: | | | | | Translation adjustments arising during the period | $ | (1,612) | | $ | 181 | | $ | (1,431) | | | Reclassification adjustments recognized in net income | 103 | | — | | 103 | | | Gains (losses) on intra-entity transactions that are of a long-term investment nature | 271 | | — | | 271 | | Gains (losses) on net investment hedges arising during the period1 | (194) | | 47 | | (147) | | | | | | | Net foreign currency translation adjustments | $ | (1,432) | | $ | 228 | | $ | (1,204) | | | Derivatives: | | | | | Gains (losses) arising during the period | $ | (33) | | $ | 6 | | $ | (27) | | | Reclassification adjustments recognized in net income | (32) | | 8 | | (24) | | Net gains (losses) on derivatives1 | $ | (65) | | $ | 14 | | $ | (51) | | | Available-for-sale debt securities: | | | | | Unrealized gains (losses) arising during the period | $ | (27) | | $ | 11 | | $ | (16) | | | Reclassification adjustments recognized in net income | (4) | | 1 | | (3) | | Net change in unrealized gains (losses) on available-for-sale debt securities2 | $ | (31) | | $ | 12 | | $ | (19) | | | Pension and other postretirement benefit liabilities: | | | | | Net pension and other postretirement benefit liabilities arising during the period | $ | (29) | | $ | 3 | | $ | (26) | | | Reclassification adjustments recognized in net income | 51 | | (12) | | 39 | | | Net change in pension and other postretirement benefit liabilities | $ | 22 | | $ | (9) | | $ | 13 | | Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company | $ | (1,506) | | $ | 245 | | $ | (1,261) | |
1 Refer to Note 6 for additional information related to the net gains or losses on derivative instruments. 2 Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities. | | | | | | | | | | | | | Three Months Ended September 29, 2023 | Before-Tax Amount | Income Tax | After-Tax Amount | | Foreign currency translation adjustments: | | | | | Translation adjustments arising during the period | $ | (508) | | $ | 41 | | $ | (467) | | | | | | | Gains (losses) on intra-entity transactions that are of a long-term investment nature | (724) | | — | | (724) | | Gains (losses) on net investment hedges arising during the period1 | 384 | | (96) | | 288 | | | | | | | Net foreign currency translation adjustments | $ | (848) | | $ | (55) | | $ | (903) | | | Derivatives: | | | | | Gains (losses) arising during the period | $ | 49 | | $ | (20) | | $ | 29 | | | Reclassification adjustments recognized in net income | 36 | | (9) | | 27 | | Net gains (losses) on derivatives1 | $ | 85 | | $ | (29) | | $ | 56 | | | Available-for-sale debt securities: | | | | | Unrealized gains (losses) arising during the period | $ | (7) | | $ | 2 | | $ | (5) | | | Reclassification adjustments recognized in net income | 3 | | (1) | | 2 | | Net change in unrealized gains (losses) on available-for-sale debt securities2 | $ | (4) | | $ | 1 | | $ | (3) | | | Pension and other postretirement benefit liabilities: | | | | | Net pension and other postretirement benefit liabilities arising during the period | $ | 27 | | $ | 7 | | $ | 34 | | | Reclassification adjustments recognized in net income | 23 | | (5) | | 18 | | | Net change in pension and other postretirement benefit liabilities | $ | 50 | | $ | 2 | | $ | 52 | | Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company | $ | (717) | | $ | (81) | | $ | (798) | |
1Refer to Note 6 for additional information related to the net gains or losses on derivative instruments. 2Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities. | | | | | | | | | | | | | Nine Months Ended September 29, 2023 | Before-Tax Amount | Income Tax | After-Tax Amount | | Foreign currency translation adjustments: | | | | | Translation adjustments arising during the period | $ | 229 | | $ | (113) | | $ | 116 | | | Reclassification adjustments recognized in net income | 101 | | — | | 101 | | | Gains (losses) on intra-entity transactions that are of a long-term investment nature | (281) | | — | | (281) | | Gains (losses) on net investment hedges arising during the period1 | 149 | | (37) | | 112 | | | | | | | Net foreign currency translation adjustments | $ | 198 | | $ | (150) | | $ | 48 | | | Derivatives: | | | | | Gains (losses) arising during the period | $ | (58) | | $ | (10) | | $ | (68) | | | Reclassification adjustments recognized in net income | 39 | | (10) | | 29 | | Net gains (losses) on derivatives1 | $ | (19) | | $ | (20) | | $ | (39) | | | Available-for-sale debt securities: | | | | | Unrealized gains (losses) arising during the period | $ | 6 | | $ | (4) | | $ | 2 | | | Reclassification adjustments recognized in net income | 5 | | (1) | | 4 | | Net change in unrealized gains (losses) on available-for-sale debt securities2 | $ | 11 | | $ | (5) | | $ | 6 | | | Pension and other postretirement benefit liabilities: | | | | | Net pension and other postretirement benefit liabilities arising during the period | $ | 11 | | $ | 1 | | $ | 12 | | | Reclassification adjustments recognized in net income | 67 | | (14) | | 53 | | | Net change in pension and other postretirement benefit liabilities | $ | 78 | | $ | (13) | | $ | 65 | | Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company | $ | 268 | | $ | (188) | | $ | 80 | |
1Refer to Note 6 for additional information related to the net gains or losses on derivative instruments. 2Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities.
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