Pepsi 2015 Annual Report Download - page 135
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Table of Contents
118
The following table summarizes the reclassifications from accumulated other comprehensive loss to the
Consolidated Statement of Income:
Amount Reclassified from
Accumulated Other
Comprehensive Loss
Affected Line Item in the
Consolidated Statement of
Income
2015 2014 2013
Currency Translation:
Venezuelan entities $ 111 $ — $ — Venezuela impairment charges
(Gains)/Losses on cash flow hedges:
Foreign exchange contracts $(3)$ — $ — Net revenue
Foreign exchange contracts (94)(16) — Cost of sales
Interest rate derivatives 174 233 3 Interest expense
Commodity contracts 931 44 Cost of sales
Commodity contracts 11 1(2)
Selling, general and
administrative expenses
Net losses before tax 97 249 45
Tax amounts (47)(95)(17)
Net losses after tax $ 50 $ 154 $ 28
Pension and retiree medical items:
Amortization of net prior service credit (a) $(41)$(6)$ (2)
Amortization of net losses (a) 281 226 357
Settlement/curtailment (a) 6149 (2)
Net losses before tax 246 369 353
Tax amounts (74)(122)(123)
Net losses after tax $ 172 $ 247 $ 230
Venezuelan entities $ 20 $ — $ — Venezuela impairment charges
Tax amount (4)——
Net losses after tax $ 16 $—$—
Total net losses reclassified for the year, net of tax $ 349 $ 401 $ 258
(a) These items are included in the components of net periodic benefit cost for pension and retiree medical plans (see Note 7 for additional
details).