PEPSICO INC | 2013 | FY | 3

Accumulated Other Comprehensive Loss Attributable to PepsiCo
Comprehensive income is a measure of income which includes both net income and other comprehensive income or loss. Other comprehensive income or loss results from items deferred from recognition into our income statement. Accumulated other comprehensive income or loss is separately presented on our balance sheet as part of common shareholders’ equity. Other comprehensive income/(loss) attributable to PepsiCo was $360 million in 2013, $742 million in 2012 and $(2,599) million in 2011. The accumulated balances for each component of other comprehensive loss attributable to PepsiCo are as follows:
 
 
2013

 
2012

 
2011

Currency translation adjustment
$
(3,247
)
 
$
(1,946
)
 
$
(2,688
)
Cash flow hedges, net of tax
(76
)
 
(94
)
 
(112
)
Unamortized pension and retiree medical, net of tax (a)
(1,861
)
 
(3,491
)
 
(3,419
)
Unrealized gain on securities, net of tax
109

 
80

 
62

Other
(52
)
 
(36
)
 
(72
)
Accumulated other comprehensive loss attributable to PepsiCo
$
(5,127
)
 
$
(5,487
)
 
$
(6,229
)
(a)
Net of taxes of $945 million in 2013, $1,832 million in 2012 and $1,831 million in 2011.

The following table summarizes the reclassifications from Accumulated Other Comprehensive Loss to the Consolidated Statement of Income for the year ended December 28, 2013:
 
2013
 
 
 
Amount Reclassified from Accumulated Other Comprehensive Loss
 
Affected Line Item in the Consolidated Statement of Income
 
 
 
 
Losses/(gains) on cash flow hedges:
 
 
 
    Interest rate derivatives
$
3

 
Interest expense
    Commodity contracts
44

 
Cost of sales
    Commodity contracts
(2
)
 
Selling, general and administrative expenses
    Net losses before tax
45

 
 
    Tax amounts
(17
)
 
 
    Net losses after tax
$
28

 
 
 
 
 
 
Amortization of pension and retiree medical items:
 
 
 
    Net prior service credit (a)
$
(2
)
 
 
    Net actuarial losses (a)
355

 
 
    Net losses before tax
353

 
 
    Tax amounts
(123
)
 
 
    Net losses after tax
230

 
 
Total net losses reclassified for the period, net of tax
$
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).

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