The following tables present OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees’ OCI (in millions): | | | | | | | | | | | | | Three Months Ended July 3, 2026 | Before-Tax Amount | Income Tax | After-Tax Amount | | Foreign currency translation adjustments: | | | | | Translation adjustments arising during the period | $ | 472 | | $ | (29) | | $ | 443 | | | | | | | Gains (losses) on intra-entity transactions that are of a long-term investment nature | (171) | | — | | (171) | | Gains (losses) on net investment hedges arising during the period1 | 93 | | (22) | | 71 | | | | | | | Net foreign currency translation adjustments | $ | 394 | | $ | (51) | | $ | 343 | | | Derivatives: | | | | | Gains (losses) arising during the period | $ | 33 | | $ | (3) | | $ | 30 | | | Reclassification adjustments recognized in net income | 40 | | (10) | | 30 | | Net gains (losses) on derivatives1 | $ | 73 | | $ | (13) | | $ | 60 | | | Available-for-sale debt securities: | | | | | Unrealized gains (losses) arising during the period | $ | (5) | | $ | 1 | | $ | (4) | | | Reclassification adjustments recognized in net income | 1 | | — | | 1 | | Net change in unrealized gains (losses) on available-for-sale debt securities2 | $ | (4) | | $ | 1 | | $ | (3) | | | Pension and other postretirement benefit liabilities: | | | | | Net pension and other postretirement benefit liabilities arising during the period | $ | (1) | | $ | (2) | | $ | (3) | | | Reclassification adjustments recognized in net income | 22 | | (5) | | 17 | | | Net change in pension and other postretirement benefit liabilities | $ | 21 | | $ | (7) | | $ | 14 | | Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company | $ | 484 | | $ | (70) | | $ | 414 | |
1Refer to Note 6 for additional information related to the net gains or losses on derivative instruments. 2Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities. | | | | | | | | | | | | | Six Months Ended July 3, 2026 | Before-Tax Amount | Income Tax | After-Tax Amount | | Foreign currency translation adjustments: | | | | | Translation adjustments arising during the period | $ | 722 | | $ | (9) | | $ | 713 | | | | | | | Gains (losses) on intra-entity transactions that are of a long-term investment nature | (661) | | — | | (661) | | Gains (losses) on net investment hedges arising during the period1 | 386 | | (93) | | 293 | | | | | | | Net foreign currency translation adjustments | $ | 447 | | $ | (102) | | $ | 345 | | | Derivatives: | | | | | Gains (losses) arising during the period | $ | 55 | | $ | (13) | | $ | 42 | | | Reclassification adjustments recognized in net income | 118 | | (29) | | 89 | | Net gains (losses) on derivatives1 | $ | 173 | | $ | (42) | | $ | 131 | | | Available-for-sale debt securities: | | | | | Unrealized gains (losses) arising during the period | $ | (20) | | $ | 5 | | $ | (15) | | | Reclassification adjustments recognized in net income | 1 | | — | | 1 | | Net change in unrealized gains (losses) on available-for-sale debt securities2 | $ | (19) | | $ | 5 | | $ | (14) | | | Pension and other postretirement benefit liabilities: | | | | | Net pension and other postretirement benefit liabilities arising during the period | $ | 13 | | $ | (3) | | $ | 10 | | | Reclassification adjustments recognized in net income | 43 | | (10) | | 33 | | | Net change in pension and other postretirement benefit liabilities | $ | 56 | | $ | (13) | | $ | 43 | | Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company | $ | 657 | | $ | (152) | | $ | 505 | |
1Refer to Note 6 for additional information related to the net gains or losses on derivative instruments. 2Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities. | | | | | | | | | | | | | Three Months Ended June 27, 2025 | Before-Tax Amount | Income Tax | After-Tax Amount | | Foreign currency translation adjustments: | | | | | Translation adjustments arising during the period | $ | 95 | | $ | (84) | | $ | 11 | | | | | | | Gains (losses) on intra-entity transactions that are of a long-term investment nature | 1,901 | | — | | 1,901 | | Gains (losses) on net investment hedges arising during the period1 | (1,139) | | 284 | | (855) | | | | | | | Net foreign currency translation adjustments | $ | 857 | | $ | 200 | | $ | 1,057 | | | Derivatives: | | | | | Gains (losses) arising during the period | $ | (485) | | $ | 118 | | $ | (367) | | | Reclassification adjustments recognized in net income | 30 | | (7) | | 23 | | Net gains (losses) on derivatives1 | $ | (455) | | $ | 111 | | $ | (344) | | | Available-for-sale debt securities: | | | | | Unrealized gains (losses) arising during the period | $ | 16 | | $ | (6) | | $ | 10 | | | | | | Net change in unrealized gains (losses) on available-for-sale debt securities2 | $ | 16 | | $ | (6) | | $ | 10 | | | Pension and other postretirement benefit liabilities: | | | | | Net pension and other postretirement benefit liabilities arising during the period | $ | (22) | | $ | 4 | | $ | (18) | | | Reclassification adjustments recognized in net income | 26 | | (7) | | 19 | | | Net change in pension and other postretirement benefit liabilities | $ | 4 | | $ | (3) | | $ | 1 | | Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company | $ | 422 | | $ | 302 | | $ | 724 | |
1Refer to Note 6 for additional information related to the net gains or losses on derivative instruments. 2Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities. | | | | | | | | | | | | | Six Months Ended June 27, 2025 | Before-Tax Amount | Income Tax | After-Tax Amount | | Foreign currency translation adjustments: | | | | | Translation adjustments arising during the period | $ | 103 | | $ | (93) | | $ | 10 | | | Reclassification adjustments recognized in net income | 34 | | (2) | | 32 | | | Gains (losses) on intra-entity transactions that are of a long-term investment nature | 2,911 | | — | | 2,911 | | Gains (losses) on net investment hedges arising during the period1 | (1,745) | | 435 | | (1,310) | | | | | | | Net foreign currency translation adjustments | $ | 1,303 | | $ | 340 | | $ | 1,643 | | | Derivatives: | | | | | Gains (losses) arising during the period | $ | (759) | | $ | 187 | | $ | (572) | | | Reclassification adjustments recognized in net income | (39) | | 10 | | (29) | | Net gains (losses) on derivatives1 | $ | (798) | | $ | 197 | | $ | (601) | | | Available-for-sale debt securities: | | | | | Unrealized gains (losses) arising during the period | $ | 32 | | $ | (10) | | $ | 22 | | | Reclassification adjustments recognized in net income | 1 | | — | | 1 | | Net change in unrealized gains (losses) on available-for-sale debt securities2 | $ | 33 | | $ | (10) | | $ | 23 | | | Pension and other postretirement benefit liabilities: | | | | | Net pension and other postretirement benefit liabilities arising during the period | $ | (39) | | $ | 14 | | $ | (25) | | | Reclassification adjustments recognized in net income | 59 | | (14) | | 45 | | | Net change in pension and other postretirement benefit liabilities | $ | 20 | | $ | — | | $ | 20 | | Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
Company | $ | 558 | | $ | 527 | | $ | 1,085 | |
1Refer to Note 6 for additional information related to the net gains or losses on derivative instruments. 2Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities.
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