The computation of comprehensive income for 2011 for Coca-Cola is shown below.
For the Year Ended December 31, 2011
......................................................................................................(in millions)
Consolidated net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $8,634
Net foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .........(692)
Net gain on derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ......145
Net change in unrealized gain on available-for-sale securities . . . . . . . . . . . . . . . . . . . .. . ... ...(7)
Net change in pension and other benefit liabilities . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . .(751)
Consolidated comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . .. . $7,329
1. Which is greater in 2011-Coca-Cola's net income or comprehensive income?
2. With respect to the currencies in the countries where Coca-Cola has foreign subsidiaries-did those currencies get stronger or weaker, relative to the U.S. dollar, in 2011? Explain.
3. Did Coca-Cola's available-for-sale securities portfolio increase or decrease in value during 2011? Explain.