Pepsi 2007 Annual Report Download - page 83

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Note 13 — Accumulated Other Comprehensive Loss
2007 2006 2005
Currency translation adjustment $ 213 $ (506) $ (971)
Cash flow hedges, net of tax(a)
(35) 4 27
Unamortized pension and retiree medical, net of tax(b)
(1,183) (1,782) –
Minimum pension liability adjustment(c)
– – (138)
Unrealized gain on securities, net of tax 49 40 31
Other 4 (2) (2)
Accumulated other comprehensive loss $ (952) $ (2,246) $ (1,053)
(a) Includes $3 million after-tax gain in 2007 and 2006 and no impact in 2005 for our share of our equity
investees’ accumulated derivative activity.
(b) Net of taxes of $645 million in 2007 and $919 million in 2006.
(c) Net of taxes of $72 million in 2005. Also includes $120 million for our share of our equity investees’
minimum pension liability adjustments, net of tax.
Comprehensive income is a measure of
income which includes both net income
and other comprehensive income or
loss. Other comprehensive income or
loss results from items deferred from
recognition into our income statement.
Accumulated other comprehensive loss
is separately presented on our balance
sheet as part of common shareholders’
equity. Other comprehensive income/(loss)
was $1,294 million in 2007, $456 million
in 2006 and $(167) million in 2005. The
accumulated balances for each compo-
nent of other comprehensive loss were
as follows:
81