COCA COLA CO | 2013 | FY | 3


The following table presents the amounts and line items in our condensed consolidated statements of income where adjustments reclassified from AOCI into income were recorded during the year ended December 31, 2013 (in millions):
Description of AOCI Component
Location of Gain (Loss)
Recognized in Income
Amount Reclassified from
AOCI into Income

 
Foreign currency translation adjustments:
 
 
 
Divestitures, deconsolidations and other
Other income (loss) — net
$
(194
)
1 
 
Income before income taxes
$
(194
)
 
 
Income taxes

 
 
Consolidated net income
$
(194
)
 
Derivatives:
 
 
 
Foreign currency contracts
Net operating revenues
$
(149
)
 
Foreign currency contracts
Cost of goods sold
(30
)
 
Interest rate contracts
Interest expense
12

 
 
Income before income taxes
$
(167
)
 
 
Income taxes
66

 
 
Consolidated net income
$
(101
)
 
Available-for-sale securities:
 
 
 
Sale of securities
Other income (loss) — net
$
12

 
 
Income before income taxes
$
12

 
 
Income taxes

 
 
Consolidated net income
$
12

 
Pension and other benefit liabilities:
 
 
 
Insignificant items
Other income (loss) — net
$
(1
)
 
Amortization of net actuarial loss
*
211

 
Amortization of prior service cost (credit)
*
(12
)
 
 
Income before income taxes
$
198

 
 
Income taxes
(72
)
 
 
Consolidated net income
$
126

 
*
This component of AOCI is included in the Company's computation of net periodic benefit cost and is not reclassified out of AOCI into a single line item in our condensed consolidated statements of income in its entirety. Refer to Note 13 for additional information.
1 
Related to the disposition of our Philippine bottling operations in January 2013, the deconsolidation of our Brazilian bottling operations in July 2013 and the merger of four of the Company's Japanese bottling partners in July 2013. Refer to Note 2 and Note 17 for additional information related to these transactions.

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