Pepsi 2012 Annual Report Download - page 71

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Consolidated Statement of Comprehensive Income PepsiCo, Inc. and Subsidiaries
2012
Fiscal years ended December29, 2012, December31, 2011 and December25, 2010
(in millions)
Pre-tax
amounts
Tax
benefit/
(expense)
After-tax
amounts
Net income $ 6,214
Other Comprehensive Income
Currency translation adjustment $ 737 $ – 737
Cash flow hedges:
Net derivative losses (50) 10 (40)
Reclassification of net losses to net income 90 (32) 58
Pension and retiree medical:
Net prior service cost (32) 12 (20)
Net losses (41) (11) (52)
Unrealized gains on securities 18 – 18
Other – 36 36
Total Other Comprehensive Income $ 722 $ 15 737
Comprehensive income 6,951
Comprehensive income attributable to noncontrolling interests (31)
Comprehensive Income Attributable to PepsiCo $ 6,920
2011
Pre-tax
amounts
Tax
benefit/
(expense)
After-tax
amounts
Net income $ 6,462
Other Comprehensive Loss
Currency translation adjustment $ (1,464) $ – (1,464)
Cash flow hedges:
Net derivative losses (126) 43 (83)
Reclassification of net losses to net income 5 4 9
Pension and retiree medical:
Net prior service cost (18) 8 (10)
Net losses (1,468) 501 (967)
Unrealized losses on securities (27) 19 (8)
Other (16) 5 (11)
Total Other Comprehensive Loss $ (3,114) $ 580 (2,534)
Comprehensive income 3,928
Comprehensive income attributable to noncontrolling interests (84)
Comprehensive Income Attributable to PepsiCo $ 3,844
2010
Pre-tax
amounts
Tax
benefit/
(expense)
After-tax
amounts
Net income $ 6,338
Other Comprehensive Income
Currency translation adjustment $ 299 $ – 299
Cash flow hedges:
Net derivative losses (69) 23 (46)
Reclassification of net losses to net income 75 (25) 50
Pension and retiree medical:
Net prior service credit 35 (13) 22
Net losses (260) 124 (136)
Unrealized gains on securities 24 (1) 23
Other (25) (36) (61)
Total Other Comprehensive Income $ 79 $ 72 151
Comprehensive income 6,489
Comprehensive income attributable to noncontrolling interests (5)
Comprehensive Income Attributable to PepsiCo $ 6,484
See accompanying notes to consolidated financial statements.
2012 PEPSICO ANNUAL REPORT 69