Pepsi 2015 Annual Report Download - page 91

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Table of Contents
74
Consolidated Statement of Comprehensive Income
PepsiCo, Inc. and Subsidiaries
Fiscal years ended December 26, 2015, December 27, 2014 and December 28, 2013
(in millions)
2015
Pre-tax amounts Tax amounts After-tax amounts
Net income $ 5,501
Other Comprehensive Loss
Currency translation:
Currency translation adjustment $ (2,938) $ — (2,938)
Reclassification associated with Venezuelan entities 111 — 111
Cash flow hedges:
Reclassification of net losses to net income 97 (47) 50
Net derivative losses (95) 48 (47)
Pension and retiree medical:
Reclassification of net losses to net income 246 (74) 172
Reclassification associated with Venezuelan entities 20 (4) 16
Remeasurement of net liabilities and translation (88) 71 (17)
Unrealized gains on securities 3 (2) 1
Total Other Comprehensive Loss $ (2,644) $ (8) (2,652)
Comprehensive income 2,849
Comprehensive income attributable to noncontrolling interests (47)
Comprehensive Income Attributable to PepsiCo $ 2,802
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
See accompanying notes to the consolidated financial statements.