Snapple 2013 Annual Report Download - page 109

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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
99
During 2009, 2010 and 2011, the Board authorized a total aggregate share repurchase plan of $3 billion. The Company
repurchased and retired 8.7 million shares of common stock valued at approximately $400 million, 9.5 million shares of common
stock valued at approximately $400 million and 13.7 million shares of common stock valued at approximately $522 million for
the years ended December 31, 2013, 2012 and 2011, respectively. These amounts were recorded as a reduction of equity, primarily
additional paid-in capital. As of December 31, 2013, $572 million remains available for share repurchase under the Board
authorization.
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, 2013, 2012 and 2011 (in millions):
Foreign
Currency
Translation
Change in
Pension
Liability
Cash Flow
Hedges
Accumulated
Other
Comprehensive
Loss
Balance as of January 1, 2011 $ 7 $ (31) $ (4) $ (28)
Current year OCI (34)(17)(31)(82)
Balance as of December 31, 2011 $ (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)
The following table presents the amount of loss reclassified from AOCL into the Consolidated Statements of Income for the
year ended December 31, 2013 (in millions):
For the
Year Ended
Location of Loss Reclassified from AOCL
into Income
December 31,
2013
Loss on cash flow hedges:
Interest rate contracts Interest expense $(7)
Foreign exchange forward contracts Cost of sales (1)
Total (8)
Income tax expense (3)
Total $(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 (4)
Settlement loss Selling, general and administrative expenses (3)
Total (6)
Income tax expense (2)
Total $(4)
Total reclassifications $ (9)