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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
100
18. Accumulated Other Comprehensive Loss
The following table provides a summary of changes in the balances of each component of AOCL, net of taxes, for the years
ended December 31, 2014, 2013 and 2012 (in millions):
Foreign
Currency
Translation
Adjustments
Net Change in
Pension
Liability
Net Change in
Cash Flow
Hedges
Accumulated
Other
Comprehensive
Loss
Balance as of January 1, 2012 $ (27) $ (48) $ (35) $ (110)
Current year OCI 19 (8)(11) —
Balance as of December 31, 2012 (8)(56)(46)(110)
OCI before reclassifications (9) 19 3 13
Amounts reclassified from AOCL — 4 5 9
Net current year OCI (9) 23 8 22
Balance as of December 31, 2013 (17)(33)(38)(88)
OCI before reclassifications (44)(19)(2)(65)
Amounts reclassified from AOCL — 12 4 16
Net current year OCI (44)(7) 2 (49)
Balance as of December 31, 2014 $(61) $ (40) $ (36) $ (137)
The following table presents the amount of loss reclassified from AOCL into the Consolidated Statements of Income for the
years ended December 31, 2014 and 2013 (in millions):
For the Year Ended
December 31,
Location of (Loss) Gain Reclassified from
AOCL into Net Income 2014 2013
(Loss) Gain on cash flow hedges:
Interest rate contracts Interest expense $(8)$(7)
Foreign exchange forward contracts Cost of sales 1(1)
Total (7)(8)
Income tax expense (3)(3)
Total $(4)$(5)
Defined benefit pension and
postretirement plan items:
Amortization of prior service costs Selling, general and administrative expenses $ — $ 1
Amortization of actuarial gains/(losses), net Selling, general and administrative expenses (3)(4)
Settlement loss Selling, general and administrative expenses (16)(3)
Total (19)(6)
Income tax expense (7)(2)
Total $(12)$(4)
Total reclassifications $ (16)$(9)