OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Apr. 03, 2026

AOCI attributable to the shareowners of The Coca Cola Company

AOCI attributable to shareowners of The Coca-Cola Company consisted of the following, net of tax (in millions):


	April 3, 2026		December 31, 2025
Net foreign currency translation adjustments	$	(12,671)	$	(12,673)
Accumulated net gains (losses) on derivatives	(173)		(244)
Unrealized net gains (losses) on available-for-sale debt securities	(37)		(26)
Adjustments to pension and other postretirement benefit liabilities	(1,159)		(1,188)
Accumulated other comprehensive income (loss)	$	(14,040)	$	(14,131)

Comprehensive Income (Loss) Apportioned between Shareowners of the Coca-Cola Company and Noncontrolling Interests

The following table summarizes the allocation of total comprehensive income between shareowners of The Coca-Cola Company and noncontrolling interests (in millions):


	Three Months Ended April 3, 2026
	Shareowners of The Coca-Cola Company		Noncontrolling Interests		Total
Consolidated net income	$	3,924	$	42	$	3,966
Other comprehensive income:
Net foreign currency translation adjustments	2		(44)		(42)
Net gains (losses) on derivatives1	71		—		71
Net change in unrealized gains (losses) on available-for-sale debt securities2	(11)		—		(11)
Net change in pension and other postretirement benefit liabilities	29		—		29

Total comprehensive income (loss)	$	4,015	$	(2)	$	4,013

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.

OCI attributable to the shareowners of The Coca-Cola Company

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 April 3, 2026	Before-Tax Amount		Income Tax		After-Tax Amount
Foreign currency translation adjustments:
Translation adjustments arising during the period	$	250	$	20	$	270

Gains (losses) on intra-entity transactions that are of a long-term investment nature	(490)		—		(490)
Gains (losses) on net investment hedges arising during the period1	293		(71)		222

Net foreign currency translation adjustments	$	53	$	(51)	$	2
Derivatives:
Gains (losses) arising during the period	$	22	$	(10)	$	12
Reclassification adjustments recognized in net income	78		(19)		59
Net gains (losses) on derivatives1	$	100	$	(29)	$	71
Available-for-sale debt securities:
Unrealized gains (losses) arising during the period	$	(15)	$	4	$	(11)

Net change in unrealized gains (losses) on available-for-sale debt securities2	$	(15)	$	4	$	(11)
Pension and other postretirement benefit liabilities:
Net pension and other postretirement benefit liabilities arising during the period	$	14	$	(1)	$	13
Reclassification adjustments recognized in net income	21		(5)		16
Net change in pension and other postretirement benefit liabilities	$	35	$	(6)	$	29
Other comprehensive income (loss) attributable to shareowners of The Coca-Cola Company	$	173	$	(82)	$	91

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 March 28, 2025	Before-Tax Amount		Income Tax		After-Tax Amount
Foreign currency translation adjustments:
Translation adjustments arising during the period	$	8	$	(9)	$	(1)
Reclassification adjustments recognized in net income	34		(2)		32
Gains (losses) on intra-entity transactions that are of a long-term investment nature	1,010		—		1,010
Gains (losses) on net investment hedges arising during the period1	(606)		151		(455)

Net foreign currency translation adjustments	$	446	$	140	$	586
Derivatives:
Gains (losses) arising during the period	$	(274)	$	69	$	(205)
Reclassification adjustments recognized in net income	(69)		17		(52)
Net gains (losses) on derivatives1	$	(343)	$	86	$	(257)
Available-for-sale debt securities:
Unrealized gains (losses) arising during the period	$	16	$	(4)	$	12
Reclassification adjustments recognized in net income	1		—		1
Net change in unrealized gains (losses) on available-for-sale debt securities2	$	17	$	(4)	$	13
Pension and other postretirement benefit liabilities:
Net pension and other postretirement benefit liabilities arising during the period	$	(17)	$	10	$	(7)
Reclassification adjustments recognized in net income	33		(7)		26
Net change in pension and other postretirement benefit liabilities	$	16	$	3	$	19
Other comprehensive income (loss) attributable to shareowners of The Coca-Cola Company	$	136	$	225	$	361

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.

Reclassification out of Accumulated Other Comprehensive Income

The following table presents the amounts and line items in our consolidated statement of income where adjustments reclassified from AOCI into income were recorded (in millions):


		Amount Reclassified from AOCI into Income
Description of AOCI Component	Financial Statement Line Item Impacted	Three Months Ended April 3, 2026






Derivatives:
Foreign currency contracts	Net operating revenues	$	71
Foreign currency and commodity contracts	Cost of goods sold	(7)
Foreign currency and interest rate contracts	Interest expense	2

Foreign currency contracts	Other income (loss) — net	12
	Income before income taxes	78
	Income taxes	(19)
	Consolidated net income	$	59






Pension and other postretirement benefit liabilities:




Amortization of net actuarial loss (gain)	Other income (loss) — net	$	21


	Income before income taxes	21
	Income taxes	(5)
	Consolidated net income	$	16