Faster, stronger, better. Annual report 2019 creating more smiles with every sip



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2019 Annual Report

$
(11,290) $
(3) $
(2,988) $
— $
(19) $
(14,300)
(a) Pension and retiree medical amounts are net of taxes of $1,280 million as of December 31, 2016, $1,338 million as of December 30, 2017, 
$1,466 million as of December 29, 2018 and $1,370 million as of December 28, 2019.
(b) Currency translation adjustment primarily reflects the appreciation of the euro, Russian ruble, Pound sterling and Canadian dollar.
(c) Currency translation adjustment primarily reflects the depreciation of the Russian ruble, Canadian dollar, Pound sterling and Brazilian real. 
(d) Currency translation adjustment primarily reflects the appreciation of the Russian ruble, Canadian dollar, Mexican peso and Pound sterling.


116
The following table summarizes the reclassifications from accumulated other comprehensive loss to the 
income statement:
Amount Reclassified from
Accumulated Other
Comprehensive Loss
Affected Line Item in the Income
Statement
2019
2018
2017
Currency translation:
Divestitures
$
— $
44 $

Selling, general and administrative
expenses
Cash flow hedges:
Foreign exchange contracts
$
$
(1) $
— Net revenue
Foreign exchange contracts
2
(7)
10 Cost of sales
Interest rate derivatives
7
119
(184) Interest expense
Commodity contracts
3
3
4 Cost of sales
Commodity contracts
1
(3)
(1)
Selling, general and administrative
expenses
Net losses/(gains) before tax
14
111
(171)
Tax amounts
(2)
(27)
64
Net losses/(gains) after tax

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