Pepsi 2014 Annual Report Download - page 88
Download and view the complete annual report
Please find page 88 of the 2014 Pepsi annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
 |
 |
68
Consolidated Statement of Comprehensive Income
PepsiCo, Inc. and Subsidiaries
Fiscal years ended December 27, 2014, December 28, 2013 and December 29, 2012
(in millions)
2014
Pre-tax
amounts Tax amounts After-tax
amounts
Net income $ 6,558
Other Comprehensive Loss
Currency translation adjustment $ (5,010) $ — (5,010)
Cash flow hedges:
Reclassification of net losses to net income 249 (95) 154
Net derivative losses (88) 44 (44)
Pension and retiree medical:
Reclassification of net losses to net income 369 (122) 247
Remeasurement of net liabilities and translation (1,323) 437 (886)
Unrealized losses on securities (11) 5 (6)
Other 1 — 1
Total Other Comprehensive Loss $ (5,813) $ 269 (5,544)
Comprehensive income 1,014
Comprehensive income attributable to noncontrolling interests (43)
Comprehensive Income Attributable to PepsiCo $ 971
2013
Pre-tax
amounts Tax amounts After-tax
amounts
Net income $ 6,787
Other Comprehensive Income
Currency translation adjustment $ (1,303) $ — (1,303)
Cash flow hedges:
Reclassification of net losses to net income 45 (17) 28
Net derivative losses (20) 10 (10)
Pension and retiree medical:
Reclassification of net losses to net income 353 (123) 230
Remeasurement of net liabilities and translation 2,164 (764) 1,400
Unrealized gains on securities 57 (28) 29
Other — (16) (16)
Total Other Comprehensive Income $ 1,296 $ (938) 358
Comprehensive income 7,145
Comprehensive income attributable to noncontrolling interests (45)
Comprehensive Income Attributable to PepsiCo $ 7,100
2012
Pre-tax
amounts Tax amounts After-tax
amounts
Net income $ 6,214
Other Comprehensive Income
Currency translation adjustment $ 737 $ — 737
Cash flow hedges:
Reclassification of net losses to net income 90 (32) 58
Net derivative losses (50) 10 (40)
Pension and retiree medical:
Reclassification of net losses to net income 508 (87) 421
Remeasurement of net liabilities and translation (581) 88 (493)
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
See accompanying notes to the consolidated financial statements.
Table of Contents