Accumulated Other Comprehensive Loss Attributable to PepsiCo

The changes in the balances of each component of accumulated other comprehensive loss attributable to PepsiCo are as follows:



	Currency Translation Adjustment			Cash Flow Hedges			Pension and Retiree Medical			Available-For-Sale Securities			Other			Accumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 26, 2015^(a)	$	(11,080	)	$	37		$	(2,329	)	$	88		$	(35	)	$	(13,319	)
Other comprehensive (loss)/income before reclassifications	(313		)	(74		)	(750		)	(43		)	—			(1,180		)
Amounts reclassified from accumulated other comprehensive loss	—			150			407			—			—			557
Net other comprehensive (loss)/income	(313		)	76			(343		)	(43		)	—			(623		)
Tax amounts	7			(30		)	27			19			—			23
Balance as of December 31, 2016 ^(a)	(11,386		)	83			(2,645		)	64			(35		)	(13,919		)
Other comprehensive (loss)/income before reclassifications ^(b)	1,049			130			(375		)	25			—			829
Amounts reclassified from accumulated other comprehensive loss	—			(171		)	158			(99		)	—			(112		)
Net other comprehensive (loss)/income	1,049			(41		)	(217		)	(74		)	—			717
Tax amounts	60			5			58			6			16			145
Balance as of December 30, 2017 ^(a)	(10,277		)	47			(2,804		)	(4		)	(19		)	(13,057		)
Other comprehensive (loss)/income before reclassifications ^(c)	(1,664		)	(61		)	(813		)	6			—			(2,532		)
Amounts reclassified from accumulated other comprehensive loss	44			111			218			—			—			373
Net other comprehensive (loss)/income	(1,620		)	50			(595		)	6			—			(2,159		)
Tax amounts	(21		)	(10		)	128			—			—			97
Balance as of December 29, 2018 ^(a)	$	(11,918	)	$	87		$	(3,271	)	$	2		$	(19	)	$	(15,119	)


(a)	Pension and retiree medical amounts are net of taxes of $1,253 million as of December 26, 2015, $1,280 million as of December 31, 2016, $1,338 million as of December 30, 2017 and $1,466 million as of December 29, 2018.


(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.

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
	2018			2017			2016
Currency translation:
Divestitures	$	44		$	—		$	—		Selling, general and administrative expenses

Cash flow hedges:
Foreign exchange contracts	$	(1	)	$	—		$	2		Net revenue
Foreign exchange contracts	(7		)	10			(46		)	Cost of sales
Interest rate derivatives	119			(184		)	187			Interest expense
Commodity contracts	3			4			3			Cost of sales
Commodity contracts	(3		)	(1		)	4			Selling, general and administrative expenses
Net losses/(gains) before tax	111			(171		)	150
Tax amounts	(27		)	64			(63		)
Net losses/(gains) after tax	$	84		$	(107	)	$	87

Pension and retiree medical items:
Amortization of net prior service credit	$	(17	)	$	(24	)	$	(39	)	Other pension and retiree medical benefits income/(expense)
Amortization of net losses	216			167			209			Other pension and retiree medical benefits income/(expense)
Settlement/curtailment	19			15			237			Other pension and retiree medical benefits income/(expense)
Net losses before tax	218			158			407
Tax amounts	(45		)	(44		)	(144		)
Net losses after tax	$	173		$	114		$	263

Available-for-sale securities:
Sale of Britvic securities	$	—		$	(99	)	$	—		Selling, general and administrative expenses
Tax amount	—			10			—
Net gain after tax	$	—		$	(89	)	$	—

Total net losses/(gains) reclassified for the year, net of tax	$	301		$	(82	)	$	350