Exhibit

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Condensed Consolidated Statements of Income — Reclassified

Unaudited

(In millions except per share data)



	1Q19			1Q18			2Q18			3Q18			4Q18			FY18			4Q17			FY17
Net Operating Revenues	$	8,694		$	8,298		$	9,421		$	8,775		$	7,806		$	34,300		$	8,314		$	36,212
Cost of goods sold	3,365			3,076			3,543			3,346			3,102			13,067			3,155			13,721
Gross Profit	5,329			5,222			5,878			5,429			4,704			21,233			5,159			22,491
Selling, general and administrative expenses	2,767			2,739			2,887			2,660			2,716			11,002			3,057			12,834
Other operating charges	127			536			225			155			163			1,079			592			1,902
Operating Income	2,435			1,947			2,766			2,614			1,825			9,152			1,510			7,755
Interest income	133			166			173			171			179			689			184			679
Interest expense	245			236			247			214			253			950			222			853
Equity income (loss) — net	133			141			324			348			195			1,008			189			1,072
Other income (loss) — net	(231		)	(73		)	(74		)	(546		)	(981		)	(1,674		)	(576		)	(1,763		)
Income Before Income Taxes	2,225			1,945			2,942			2,373			965			8,225			1,085			6,890
Income taxes	522			545			611			555			38			1,749			3,802			5,607
Consolidated Net Income (Loss)	1,703			1,400			2,331			1,818			927			6,476			(2,717		)	1,283
Less: Net income (loss) attributable to noncontrolling interests	25			32			15			(62		)	57			42			35			35
Net Income (Loss) Attributable to Shareowners of The Coca-Cola Company	$	1,678		$	1,368		$	2,316		$	1,880		$	870		$	6,434		$	(2,752	)	$	1,248
Basic Net Income (Loss) Per Share ¹	$	0.39		$	0.32		$	0.54		$	0.44		$	0.20		$	1.51		$	(0.65	)	$	0.29
Diluted Net Income (Loss) Per Share ¹	$	0.39		$	0.32		$	0.54		$	0.44		$	0.20		$	1.50		$	(0.65	)	$	0.29
Average Shares Outstanding	4,271			4,265			4,255			4,255			4,262			4,259			4,261			4,272
Effect of dilutive securities	35			41			35			40			42			40			—			52
Average Shares Outstanding Assuming Dilution	4,306			4,306			4,290			4,295			4,304			4,299			4,261			4,324
Comparable Diluted Net Income Per Share (Non-GAAP)	$	0.48		$	0.47		$	0.60		$	0.57		$	0.44		$	2.08		$	0.40		$	1.92

Note: Reclassified data reflect the reclassification of Coca-Cola Beverages Africa Proprietary Limited ("CCBA") from discontinued operations into continuing operations.

¹Calculated based on net income (loss) attributable to shareowners of The Coca-Cola Company (the "company").

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Condensed Consolidated Balance Sheets — Reclassified

Unaudited

(In millions except par value)



	March 29, 2019			March 30, 2018			June 29, 2018			September 28, 2018			December 31, 2018			December 31, 2017
ASSETS
Current Assets
Cash and cash equivalents	$	5,848		$	8,461		$	8,149		$	9,221		$	9,077		$	6,102
Short-term investments	1,538			7,518			5,843			4,727			2,025			9,352
Total Cash, Cash Equivalents and Short-Term Investments	7,386			15,979			13,992			13,948			11,102			15,454
Marketable securities	4,765			5,564			5,536			5,055			5,013			5,317
Trade accounts receivable, less allowances	4,109			4,183			4,822			3,986			3,685			3,966
Inventories	3,461			3,231			3,169			2,884			3,071			2,954
Prepaid expenses and other assets	3,038			2,518			2,611			2,149			2,059			2,052
Assets held for sale	—			213			—			—			—			219
Total Current Assets	22,759			31,688			30,130			28,022			24,930			29,962
Equity Method Investments	19,289			21,485			20,610			20,904			19,412			20,863
Other Investments	915			1,039			1,015			1,051			867			1,096
Other Assets	5,401			4,433			4,423			4,546			4,148			4,244
Deferred Income Tax Assets	2,623			3,315			3,015			2,736			2,674			346
Property, Plant and Equipment — net	10,273			9,438			9,129			8,652			9,598			9,638
Trademarks With Indefinite Lives	9,351			6,753			6,669			6,668			6,682			6,729
Bottlers' Franchise Rights with Indefinite Lives	111			53			38			51			51			138
Goodwill	16,839			13,830			13,523			13,549			14,109			13,649
Other Intangible Assets	786			1,248			1,041			698			745			1,231
Total Assets	$	88,347		$	93,282		$	89,593		$	86,877		$	83,216		$	87,896
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable and accrued expenses	$	11,516		$	10,763		$	11,384		$	10,897		$	9,533		$	9,346
Loans and notes payable	12,354			15,203			15,154			13,398			13,835			13,609
Current maturities of long-term debt	3,303			4,376			4,029			6,347			5,003			3,304
Accrued income taxes	310			634			393			348			411			449
Liabilities held for sale	—			33			—			—			—			37
Total Current Liabilities	27,483			31,009			30,960			30,990			28,782			26,745
Long-Term Debt	29,409			29,812			28,080			25,538			25,376			31,202
Other Liabilities	8,610			8,089			7,377			7,255			7,646			8,031
Deferred Income Tax Liabilities	3,041			2,755			3,000			2,916			2,354			2,941
The Coca-Cola Company Shareowners' Equity
Common stock, $0.25 par value; Authorized — 11,200 shares	1,760			1,760			1,760			1,760			1,760			1,760
Capital surplus	16,577			16,006			16,117			16,266			16,520			15,864
Reinvested earnings	63,704			63,150			63,808			64,028			63,234			60,430
Accumulated other comprehensive income (loss)	(12,325		)	(10,038		)	(11,774		)	(12,070		)	(12,814		)	(10,305		)
Treasury stock, at cost	(51,981		)	(51,268		)	(51,588		)	(51,720		)	(51,719		)	(50,677		)
Equity Attributable to Shareowners of The Coca-Cola Company	17,735			19,610			18,323			18,264			16,981			17,072
Equity Attributable to Noncontrolling interests	2,069			2,007			1,853			1,914			2,077			1,905
Total Equity	19,804			21,617			20,176			20,178			19,058			18,977
Total Liabilities and Equity	$	88,347		$	93,282		$	89,593		$	86,877		$	83,216		$	87,896

Note: Reclassified data reflect the reclassification of CCBA from discontinued operations into continuing operations.

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Purchases of Property, Plant and Equipment — Reclassified

Unaudited

(In millions)



	1Q19			1Q18			YTD 2Q18			YTD 3Q18			FY18			FY17
Purchases of Property, Plant and Equipment	$	(388	)	$	(299	)	$	(689	)	$	(1,048	)	$	(1,548	)	$	(1,750	)

Note: Reclassified data reflect the reclassification of CCBA from discontinued operations into continuing operations.

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Operating Segment and Corporate Data

Unaudited

(In millions)



	1Q19			1Q18			2Q18			3Q18			4Q18			FY18			4Q17			FY17
Net Operating Revenues — Third Party
Europe, Middle East & Africa	$	1,634		$	1,537		$	1,884		$	1,702		$	1,412		$	6,535		$	1,563		$	6,780
Latin America	896			978			1,011			1,001			981			3,971			1,097			3,953
North America	2,681			2,598			3,010			2,972			2,790			11,370			2,439			8,678
Asia Pacific	1,060			1,109			1,396			1,348			944			4,797			955			4,753
Global Ventures	583			193			210			183			181			767			183			712
Bottling Investments	1,808			1,872			1,853			1,552			1,491			6,768			2,066			11,223
Corporate	32			11			57			17			7			92			11			113
Consolidated	$	8,694		$	8,298		$	9,421		$	8,775		$	7,806		$	34,300		$	8,314		$	36,212

Net Operating Revenues — Intersegment
Europe, Middle East & Africa	$	138		$	149		$	124		$	124		$	167		$	564		$	42		$	42
Latin America	—			19			19			1			—			39			19			73
North America	2			54			70			119			17			260			179			1,951
Asia Pacific	127			106			118			72			92			388			69			409
Global Ventures	2			1			1			—			1			3			1			3
Bottling Investments	2			2			2			13			2			19			14			83
Corporate	—			—			—			—			—			—			—			—
Eliminations	(271		)	(331		)	(334		)	(329		)	(279		)	(1,273		)	(324		)	(2,561		)
Consolidated	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Net Operating Revenues — Total
Europe, Middle East & Africa	$	1,772		$	1,686		$	2,008		$	1,826		$	1,579		$	7,099		$	1,605		$	6,822
Latin America	896			997			1,030			1,002			981			4,010			1,116			4,026
North America	2,683			2,652			3,080			3,091			2,807			11,630			2,618			10,629
Asia Pacific	1,187			1,215			1,514			1,420			1,036			5,185			1,024			5,162
Global Ventures	585			194			211			183			182			770			184			715
Bottling Investments	1,810			1,874			1,855			1,565			1,493			6,787			2,080			11,306
Corporate	32			11			57			17			7			92			11			113
Eliminations	(271		)	(331		)	(334		)	(329		)	(279		)	(1,273		)	(324		)	(2,561		)
Consolidated	$	8,694		$	8,298		$	9,421		$	8,775		$	7,806		$	34,300		$	8,314		$	36,212

Comparable Net Operating Revenues — Total (Non-GAAP)¹
Europe, Middle East & Africa	$	1,772		$	1,686		$	2,008		$	1,826		$	1,579		$	7,099		$	1,605		$	6,822
Latin America	896			997			1,030			1,002			981			4,010			1,116			4,026
North America	2,683			2,652			3,080			3,091			2,807			11,630			2,612			10,619
Asia Pacific	1,187			1,215			1,514			1,420			1,036			5,185			1,024			5,162
Global Ventures	585			194			211			183			182			770			184			715
Bottling Investments	1,810			1,874			1,855			1,565			1,493			6,787			2,080			11,306
Corporate	36			9			33			35			6			83			17			129
Eliminations	(271		)	(331		)	(334		)	(329		)	(279		)	(1,273		)	(324		)	(2,561		)
Consolidated	$	8,698		$	8,296		$	9,397		$	8,793		$	7,805		$	34,291		$	8,314		$	36,218

Note: Reclassified operating segment and Corporate data reflect the reclassification of CCBA from discontinued operations into continuing operations. CCBA is included in the Bottling Investments operating segment.

¹The only difference between net operating revenues and comparable net operating revenues is the impact of our economic (nondesignated) hedges.

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Operating Segment and Corporate Data

Unaudited

(In millions)



	1Q19			1Q18			2Q18			3Q18			4Q18			FY18			4Q17			FY17
Operating Income (Loss)
Europe, Middle East & Africa	$	978		$	914		$	1,093		$	933		$	753		$	3,693		$	756		$	3,585
Latin America	496			571			593			640			514			2,318			590			2,215
North America	586			503			648			663			504			2,318			583			2,472
Asia Pacific	542			562			703			614			392			2,271			320			2,136
Global Ventures	66			29			37			44			42			152			33			159
Bottling Investments	100			(325		)	(17		)	24			121			(197		)	(20		)	(806		)
Corporate	(333		)	(307		)	(291		)	(304		)	(501		)	(1,403		)	(752		)	(2,006		)
Consolidated	$	2,435		$	1,947		$	2,766		$	2,614		$	1,825		$	9,152		$	1,510		$	7,755

Comparable Operating Income (Loss) (Non-GAAP)
Europe, Middle East & Africa	$	979		$	916		$	1,093		$	929		$	752		$	3,690		$	780		$	3,611
Latin America	496			573			594			639			516			2,322			594			2,222
North America	582			536			709			701			584			2,530			688			2,699
Asia Pacific	542			562			704			612			389			2,267			326			2,146
Global Ventures	66			29			37			44			42			152			33			159
Bottling Investments	21			30			(9		)	(14		)	54			61			55			203
Corporate	(230		)	(269		)	(256		)	(212		)	(399		)	(1,136		)	(464		)	(1,434		)
Consolidated	$	2,456		$	2,377		$	2,872		$	2,699		$	1,938		$	9,886		$	2,012		$	9,606

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Data within Statements of Income

Reconciliation of GAAP and Non-GAAP Financial Measures

Unaudited

The company reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP" or referred to herein as "reported"). To supplement our financial results reported on a GAAP basis, we provide the following non-GAAP financial measures: "comparable net revenues", "comparable operating income" and "comparable EPS," each of which are defined below. Management believes these non-GAAP financial measures provide investors with additional meaningful financial information that should be considered when assessing our underlying business performance and trends. Management believes these non-GAAP financial measures also enhance investors' ability to compare period-to-period financial results. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the company's reported results prepared in accordance with GAAP. Our non-GAAP financial measures do not represent a comprehensive basis of accounting. Therefore, our non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. Reconciliations of each of these non-GAAP financial measures to GAAP information are also included. Management uses these non-GAAP financial measures in making financial, operating, compensation and planning decisions and in evaluating the company's performance. Disclosing these non-GAAP financial measures allows investors and company management to view our operating results excluding the impact of items that are not reflective of the underlying operating performance.

DEFINITIONS

•

"Comparable net revenues" is a non-GAAP financial measure that excludes or has otherwise been adjusted for items impacting comparability (discussed further below). Management believes the comparable net revenues (non-GAAP) measure provides investors with useful supplemental information to enhance their understanding of the company's revenue performance and trends by improving their ability to compare our period-to-period results.

•

"Comparable operating income" is a non-GAAP financial measure that excludes or has otherwise been adjusted for items impacting comparability (discussed further below). Management uses this non-GAAP financial measure to evaluate the company's performance and make resource allocation decisions. Further, management believes the comparable operating income (non-GAAP) measure enhances its ability to communicate the underlying operating results and provides investors with useful supplemental information to enhance their understanding of the company's underlying business performance and trends by improving their ability to compare our period-to-period financial results.

•

"Comparable EPS" is a non-GAAP financial measure that excludes or has otherwise been adjusted for items impacting comparability (discussed further below). Management uses this non-GAAP financial measure to evaluate the company's performance and make resource allocation decisions. Further, management believes the comparable EPS (non-GAAP) measure enhances its ability to communicate the underlying operating results and provides investors with useful supplemental information to enhance their understanding of the company's underlying business performance and trends by improving their ability to compare our period-to-period financial results.

ITEMS IMPACTING COMPARABILITY

The following information is provided to give qualitative and quantitative information related to items impacting comparability. Items impacting comparability are not defined terms within GAAP. Therefore, our non-GAAP financial information may not be comparable to similarly titled measures reported by other companies. We determine which items to consider as "items impacting comparability" based on how management views our business; makes financial, operating, compensation and planning decisions; and evaluates the company's ongoing performance. Items such as charges, gains and accounting changes which are viewed by management as impacting only the current period or the comparable period, but not both, or as pertaining to different and unrelated underlying activities or events across comparable periods, are generally considered "items impacting comparability." Items impacting comparability include, but are not limited to, asset impairments, charges related to our productivity and reinvestment initiatives, and transaction gains/losses, in each case when exceeding a U.S. dollar threshold. Also included are our proportionate share of similar items incurred by our equity method investees, timing differences related to our economic (nondesignated) hedging activities, and timing differences related to unrealized mark-to-market adjustments of equity securities and trading debt securities, regardless of size.

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Data within Statements of Income

Reconciliation of GAAP and Non-GAAP Financial Measures

Unaudited

Productivity and Reinvestment

During the periods presented, the company incurred costs related to our productivity and reinvestment initiatives. These initiatives are focused on four key areas: restructuring the company's global supply chain; implementing zero-based work, an evolution of zero-based budget principles across the organization; streamlining and simplifying the company's operating model; and further driving increased discipline and efficiency in direct marketing investments. The savings realized from the program will enable the company to fund marketing initiatives and innovation required to deliver sustainable net revenue growth. The savings will also support margin expansion and increased returns on invested capital over time.

Equity Investees

During the periods presented, the company recorded net charges or net gains representing the company's proportionate share of significant operating and nonoperating items recorded by certain of our equity method investees.

Transaction Gains/Losses

Transaction gains/losses represent the gains and losses the company incurs when acquiring or divesting of certain operations and investments.

North America Refranchising

Throughout the periods presented, the company refranchised its North America bottling territories to certain of its bottling partners. In conjunction with these refranchising transactions, the company incurred net losses, primarily related to the derecognition of the intangible assets transferred or reclassified as held for sale during the periods and certain post-closing adjustments. The company also incurred certain costs to refranchise these bottling territories. These costs include, among other items, internal and external costs for individuals directly working on the refranchising efforts, severance, special termination benefits, and costs associated with the implementation of information technology systems to facilitate consistent data standards and availability throughout our bottling system ("North America refranchising costs"). The company also made payments to certain of our unconsolidated bottling partners in North America in order to convert their bottling agreements to a comprehensive beverage agreement with additional requirements ("North America conversion costs").

CCBA Unrecognized Depreciation and Amortization

These amounts represent the depreciation and amortization that the company would have recorded during the periods presented had CCBA not been classified as held for sale.

Other Items

Economic (Nondesignated) Hedges

The company uses derivatives as economic hedges primarily to mitigate the foreign exchange risk for certain currencies and the price risk associated with the purchase of materials used in the manufacturing process as well as the purchase of vehicle fuel. Although these derivatives were not designated and/or did not qualify for hedge accounting, they are effective economic hedges. The changes in fair values of these economic hedges are immediately recognized into earnings. The company excludes the net impact of mark-to-market adjustments for outstanding hedges and realized gains/losses for settled hedges from our non-GAAP financial information until the period in which the underlying exposure being hedged impacts our condensed consolidated statement of income. Management believes this adjustment provides meaningful information related to the impact of our economic hedging activities.

Unrealized Gains and Losses on Equity and Trading Debt Securities

The company excludes the net impact of unrealized gains and losses resulting from mark-to-market adjustments on our equity and trading debt securities from our non-GAAP financial information until the period in which the underlying securities are sold and the associated gains or losses are realized. Management believes this adjustment provides meaningful information related to the impact of our investments in equity and trading debt securities.

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Data within Statements of Income

Reconciliation of GAAP and Non-GAAP Financial Measures

Unaudited

(In millions except per share data)



	Three Months Ended March 29, 2019
	Net operating revenues		Cost of goods sold		Gross profit			Gross margin		Selling, general and administrative expenses		Other operating charges			Operating income			Operating margin
Reported (GAAP)	$	8,694	$	3,365	$	5,329		61.3	%	$	2,767	$	127		$	2,435		28.0	%
Items Impacting Comparability:
Productivity and Reinvestment	—		—		—					—		(68		)	68
Transaction Gains/Losses	—		—		—					—		(57		)	57
CCBA Unrecognized Depreciation and Amortization	—		23		(23		)			65		—			(88		)
Other Items	4		22		(18		)			—		(2		)	(16		)
Comparable (Non-GAAP)	$	8,698	$	3,410	$	5,288		60.8	%	$	2,832	$	—		$	2,456		28.2	%



	Three Months Ended March 29, 2019
	Interest expense		Equity income (loss) — net		Other income (loss) — net			Income before income taxes			Income taxes¹			Effective tax rate		Net income²			Diluted net income per share
Reported (GAAP)	$	245	$	133	$	(231	)	$	2,225		$	522		23.5	%	$	1,678		$	0.39
Items Impacting Comparability:
Asset Impairments	—		—		343			343			36					307			0.07
Productivity and Reinvestment	—		—		—			68			16					52			0.01
Equity Investees	—		42		—			42			1					41			0.01
Transaction Gains/Losses	—		—		90			147			(23		)			170			0.04
CCBA Unrecognized Depreciation and Amortization	—		—		—			(88		)	(25		)			(40		)	(0.01		)
Other Items	—		—		(162		)	(178		)	(40		)			(138		)	(0.03		)
Certain Tax Matters	—		—		—			—			22					(22		)	(0.01		)
Comparable (Non-GAAP)	$	245	$	175	$	40		$	2,559		$	509		19.9	%	$	2,048		$	0.48

Note: Certain columns may not add due to rounding. Certain percentages may not recalculate using the rounded dollar amounts provided. Reclassified data reflect the reclassification of CCBA from discontinued operations into continuing operations.


¹	The income tax adjustments are the calculated income tax benefits (charges) at the applicable tax rate for each of the items impacting comparability with the exception of certain tax matters discussed below.


²	Represents net income attributable to shareowners of the company.


•	Asset impairments include charges of $286 million related to Coca-Cola Bottlers Japan Holdings Inc., an equity method investee, and charges of $57 million related to one of our equity method investees in North America.

•

Transaction gains/losses include a $121 million loss in conjunction with our acquisition of the remaining equity ownership interest in C.H.I. Limited, $46 million of transaction costs associated with the purchase of Costa Limited, which we acquired in January 2019, $11 million of charges primarily related to North America refranchising costs, charges of $4 million related to North America conversion payments, and other charges of $4 million related to the refranchising of certain bottling territories in North America. These charges were partially offset by a gain of $39 million related to the sale of a portion of our equity ownership interest in Embotelladora Andina S.A.


•	Other items include a $161 million net gain related to unrealized gains and losses on our equity and trading debt securities and a $19 million net gain related to our economic hedging activities, which were partially offset by charges of $2 million primarily related to tax litigation expense.


•	Certain tax matters include $27 million of excess tax benefits associated with the company's stock-based compensation arrangements, partially offset by a net tax charge of $5 million for changes to our uncertain tax positions, including interest and penalties, as well as for agreed-upon tax matters.

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Data within Statements of Income

Reconciliation of GAAP and Non-GAAP Financial Measures

Unaudited

(In millions except per share data)



	Three Months Ended March 30, 2018
	Net operating revenues			Cost of goods sold		Gross profit			Gross margin		Selling, general and administrative expenses			Other operating charges			Operating income			Operating margin
Reported (GAAP)	$	8,298		$	3,076	$	5,222		62.9	%	$	2,739		$	536		$	1,947		23.5	%
Items Impacting Comparability:
Asset Impairments	—			—		—					—			(390		)	390
Productivity and Reinvestment	—			—		—					—			(95		)	95
Transaction Gains/Losses	—			—		—					—			(45		)	45
CCBA Unrecognized Depreciation and Amortization	—			25		(25		)			71			—			(96		)
Other Items	(2		)	9		(11		)			(1		)	(6		)	(4		)
Comparable (Non-GAAP)	$	8,296		$	3,110	$	5,186		62.5	%	$	2,809		$	—		$	2,377		28.6	%



	Three Months Ended March 30, 2018
	Interest expense		Equity income (loss) — net		Other income (loss) — net			Income before income taxes			Income taxes¹			Effective tax rate		Net income²			Diluted net income per share
Reported (GAAP)	$	236	$	141	$	(73	)	$	1,945		$	545		28.0	%	$	1,368		$	0.32
Items Impacting Comparability:
Asset Impairments	—		—		—			390			100					290			0.07
Productivity and Reinvestment	—		—		—			95			23					72			0.02
Equity Investees	—		51		—			51			(5		)			56			0.01
Transaction Gains/Losses	—		—		54			99			17					82			0.02
CCBA Unrecognized Depreciation and Amortization	—		—		—			(96		)	(27		)			(44		)	(0.01		)
Other Items	—		—		97			93			23					70			0.02
Certain Tax Matters	—		—		—			—			(126		)			126			0.03
Comparable (Non-GAAP)	$	236	$	192	$	78		$	2,577		$	550		21.3	%	$	2,020		$	0.47


¹	The income tax adjustments are the calculated income tax benefits (charges) at the applicable tax rate for each of the items impacting comparability with the exception of certain tax matters discussed below.


²	Represents net income attributable to shareowners of the company.


•	Asset impairments include charges of $390 million related to Coca-Cola Refreshments ("CCR") assets.

•

Transaction gains/losses include charges of $45 million primarily related to North America refranchising costs, a net loss of $33 million primarily related to the reversal of the cumulative translation adjustments resulting from the substantial liquidation of the company's former Russian juice operations, charges of $19 million related to North America conversion payments and other charges of $2 million related to the refranchising of certain bottling territories in North America.


•	Other items include a net loss of $97 million related to unrealized mark-to-market adjustments of equity securities and charges of $6 million primarily related to tax litigation expense, which were partially offset by a $10 million net gain related to our economic hedging activities.

•

Certain tax matters include $176 million of income tax expense primarily as a result of adjustments to our provisional remeasurement of deferred taxes recorded as of December 31, 2017 related to the Tax Cuts and Jobs Act ("Tax Reform Act") and a net tax charge of $34 million for changes to our uncertain tax positions, including interest and penalties, as well as for agreed-upon tax matters. These charges were partially offset by $84 million of excess tax benefits recorded in association with the company's stock-based compensation arrangements.

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Data within Statements of Income

Reconciliation of GAAP and Non-GAAP Financial Measures

Unaudited

(In millions except per share data)



	Three Months Ended June 29, 2018
	Net operating revenues			Cost of goods sold			Gross profit			Gross margin		Selling, general and administrative expenses			Other operating charges			Operating income			Operating margin
Reported (GAAP)	$	9,421		$	3,543		$	5,878		62.4	%	$	2,887		$	225		$	2,766		29.4	%
Items Impacting Comparability:
Asset Impairments	—			—			—					—			(60		)	60
Productivity and Reinvestment	—			—			—					—			(111		)	111
Transaction Gains/Losses	—			—			—					—			(37		)	37
CCBA Unrecognized Depreciation and Amortization	—			24			(24		)			73			—			(97		)
Other Items	(24		)	(1		)	(23		)			(1		)	(17		)	(5		)
Comparable (Non-GAAP)	$	9,397		$	3,566		$	5,831		62.0	%	$	2,959		$	—		$	2,872		30.6	%



	Three Months Ended June 29, 2018
	Interest expense		Equity income (loss) — net		Other income (loss) — net			Income before income taxes			Income taxes¹			Effective tax rate		Net income²			Diluted net income per share
Reported (GAAP)	$	247	$	324	$	(74	)	$	2,942		$	611		20.7	%	$	2,316		$	0.54
Items Impacting Comparability:
Asset Impairments	—		—		52			112			16					96			0.02
Productivity and Reinvestment	—		—		39			150			34					116			0.03
Equity Investees	—		33		—			33			1					32			0.01
Transaction Gains/Losses	—		—		115			152			16					136			0.03
CCBA Unrecognized Depreciation and Amortization	—		—		—			(97		)	(28		)			(44		)	(0.01		)
Other Items	—		—		(25		)	(30		)	(5		)			(25		)	(0.01		)
Certain Tax Matters	—		—		—			—			37					(37		)	(0.01		)
Comparable (Non-GAAP)	$	247	$	357	$	107		$	3,262		$	682		20.9	%	$	2,590		$	0.60


¹	The income tax adjustments are the calculated income tax benefits (charges) at the applicable tax rate for each of the items impacting comparability with the exception of certain tax matters discussed below.


²	Represents net income attributable to shareowners of the company.


•	Asset impairments include charges of $60 million related to CCR assets and an impairment charge of $52 million related to one of our equity method investees.

•

Transaction gains/losses include net charges of $102 million related related to the refranchising of certain bottling territories in North America, charges of $47 million due to pension settlements, charges of $34 million related to North America refranchising costs, charges of $3 million for noncapitalizable transaction costs associated with pending and closed transactions, and charges of $2 million related to North America conversion payments. These charges were partially offset by a net gain of $36 million due to the refranchising of our Latin American bottling operations.


•	Other items include a net gain of $25 million related to realized and unrealized gains and losses on equity securities and trading debt securities and a $22 million net gain related to our economic hedging activities, which were partially offset by charges of $22 million primarily related to tax litigation expense.

•

Certain tax matters include $42 million of income tax benefit primarily as a result of adjustments to our provisional remeasurement of deferred taxes recorded as of December 31, 2017 related to the Tax Reform Act and $3 million of excess tax benefits associated with the company's stock-based compensation arrangements. These benefits were partially offset by net tax charges of $8 million for changes to our uncertain tax positions, including interest and penalties, as well as for agreed-upon tax matters.

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Data within Statements of Income

Reconciliation of GAAP and Non-GAAP Financial Measures

Unaudited

(In millions except per share data)



	Three Months Ended September 28, 2018
	Net operating revenues		Cost of goods sold			Gross profit			Gross margin		Selling, general and administrative expenses		Other operating charges			Operating income			Operating margin
Reported (GAAP)	$	8,775	$	3,346		$	5,429		61.9	%	$	2,660	$	155		$	2,614		29.8	%
Items Impacting Comparability:
Productivity and Reinvestment	—		—			—					—		(107		)	107
Transaction Gains/Losses	—		—			—					—		(44		)	44
CCBA Unrecognized Depreciation and Amortization	—		22			(22		)			68		—			(90		)
Other Items	18		(2		)	20					—		(4		)	24
Comparable (Non-GAAP)	$	8,793	$	3,366		$	5,427		61.7	%	$	2,728	$	—		$	2,699		30.7	%



	Three Months Ended September 28, 2018
	Interest expense		Equity income (loss) — net			Other income (loss) — net			Income before income taxes			Income taxes¹			Effective tax rate		Net income²			Diluted net income per share
Reported (GAAP)	$	214	$	348		$	(546	)	$	2,373		$	555		23.4	%	$	1,880		$	0.44
Items Impacting Comparability:
Asset Impairments	—		—			205			205			—					205			0.05
Productivity and Reinvestment	—		—			25			132			31					101			0.02
Equity Investees	—		(19		)	—			(19		)	(7		)			(12		)	—
Transaction Gains/Losses	—		—			460			504			(107		)			533			0.12
CCBA Unrecognized Depreciation and Amortization	—		—			—			(90		)	(26		)			(41		)	(0.01		)
Other Items	27		—			(65		)	(68		)	(17		)			(51		)	(0.01		)
Certain Tax Matters	—		—			—			—			149					(149		)	(0.03		)
Comparable (Non-GAAP)	$	241	$	329		$	79		$	3,037		$	578		19.0	%	$	2,466		$	0.57


¹	The income tax adjustments are the calculated income tax benefits (charges) at the applicable tax rate for each of the items impacting comparability with the exception of certain tax matters discussed below.


²	Represents net income attributable to shareowners of the company.


•	Asset impairments include a charge of $205 million related to PT Coca-Cola Bottling Indonesia, an equity method investee.

•

Transaction gains/losses include charges of $554 million related to CCBA assets which were held for sale, net charges of $275 million primarily related to refranchising certain North America bottling territories, charges of $38 million related to North America refranchising costs, charges of $12 million related to North America conversion payments, and charges of $6 million for noncapitalizable transaction costs associated with pending and closed transactions. These charges were partially offset by a net gain of $370 million related to the sale of our equity ownership in Corporación Lindley S.A. ("Lindley") and a net gain of $11 million due to the refranchising of our Latin American bottling operations.


•	Other items include a net gain of $32 million related to realized and unrealized gains and losses on equity securities and trading debt securities, a net gain of $27 million related to the early extinguishment of long-term debt and a $13 million net gain related to our economic hedging activities, which were partially offset by charges of $4 million primarily related to tax litigation expense.

•

Certain tax matters include $125 million of income tax benefit primarily as a result of adjustments to our provisional remeasurement of deferred taxes recorded as of December 31, 2017 related to the Tax Reform Act and $27 million of excess tax benefits associated with the company's stock-based compensation arrangements. These benefits were partially offset by net tax charges of $3 million for changes to our uncertain tax positions, including interest and penalties, as well as for agreed-upon tax matters.

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Data within Statements of Income

Reconciliation of GAAP and Non-GAAP Financial Measures

Unaudited

(In millions except per share data)



	Three Months Ended December 31, 2018
	Net operating revenues			Cost of goods sold			Gross profit			Gross margin		Selling, general and administrative expenses		Other operating charges			Operating income			Operating margin
Reported (GAAP)	$	7,806		$	3,102		$	4,704		60.3	%	$	2,716	$	163		$	1,825		23.4	%
Items Impacting Comparability:
Productivity and Reinvestment	—			—			—					—		(127		)	127
Transaction Gains/Losses	—			—			—					—		(32		)	32
CCBA Unrecognized Depreciation and Amortization	—			21			(21		)			68		—			(89		)
Other Items	(1		)	(40		)	39					—		(4		)	43
Comparable (Non-GAAP)	$	7,805		$	3,083		$	4,722		60.5	%	$	2,784	$	—		$	1,938		24.8	%



	Three Months Ended December 31, 2018
	Interest expense		Equity income (loss) — net		Other income (loss) — net			Income before income taxes			Income taxes¹			Effective tax rate		Net income²			Diluted net income per share
Reported (GAAP)	$	253	$	195	$	(981	)	$	965		$	38		4.0	%	$	870		$	0.20
Items Impacting Comparability:
Asset Impairments	—		—		334			334			—					334			0.08
Productivity and Reinvestment	—		—		4			131			32					99			0.02
Equity Investees	—		46		—			46			2					44			0.01
Transaction Gains/Losses	—		—		306			338			78					260			0.06
CCBA Unrecognized Depreciation and Amortization	—		—		—			(89		)	(24		)			(41		)	(0.01		)
Other Items	—		—		411			454			109					345			0.08
Certain Tax Matters	—		—		—			—			32					(32		)	(0.01		)
Comparable (Non-GAAP)	$	253	$	241	$	74		$	2,179		$	267		12.2	%	$	1,879		$	0.44


¹	The income tax adjustments are the calculated income tax benefits (charges) at the applicable tax rate for each of the items impacting comparability with the exception of certain tax matters discussed below.


²	Represents net income attributable to shareowners of the company.


•	Asset impairments include charges of $334 million related to certain equity method investees in the Middle East.

•

Transaction gains/losses include charges of $102 million due to pension settlements as a result of North America refranchising activities, net charges of $97 million related to the refranchising of certain bottling territories in North America, a net loss of $74 million related to the sale of our equity ownership in Lindley, a net loss of $32 million related to acquiring a controlling interest in the Philippine bottling operations, charges of $22 million related to North America refranchising costs, charges of $10 million for noncapitalizable transaction costs associated with pending and closed transactions, and charges of $1 million related to North America conversion payments.


•	Other items include a $288 million net loss related to unrealized gains and losses on our equity and trading debt securities, a $162 million net loss related to our economic hedging activities, and charges of $2 million primarily related to tax litigation expense.

•

Certain tax matters include a net tax benefit of $42 million for changes to our uncertain tax positions, including interest and penalties, as well as for agreed-upon tax matters and a net tax benefit of $1 million primarily as a result of adjustments to our provisional remeasurement of deferred taxes as well as remeasurement of the transition tax liability recorded related to the Tax Reform Act. These benefits were partially offset by a net tax charge of $11 million associated with the company's stock-based compensation arrangements.

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Data within Statements of Income

Reconciliation of GAAP and Non-GAAP Financial Measures

Unaudited

(In millions except per share data)



	Year Ended December 31, 2018
	Net operating revenues			Cost of goods sold			Gross profit			Gross margin		Selling, general and administrative expenses			Other operating charges			Operating income			Operating margin
Reported (GAAP)	$	34,300		$	13,067		$	21,233		61.9	%	$	11,002		$	1,079		$	9,152		26.7	%
Items Impacting Comparability:
Asset Impairments	—			—			—					—			(450		)	450
Productivity and Reinvestment	—			—			—					—			(440		)	440
Transaction Gains/Losses	—			—			—					—			(158		)	158
CCBA Unrecognized Depreciation and Amortization	—			92			(92		)			280			—			(372		)
Other Items	(9		)	(34		)	25					(2		)	(31		)	58
Comparable (Non-GAAP)	$	34,291		$	13,125		$	21,166		61.7	%	$	11,280		$	—		$	9,886		28.8	%



	Year Ended December 31, 2018
	Interest expense		Equity income (loss) — net		Other income (loss) — net			Income before income taxes			Income taxes¹			Effective tax rate		Net income²			Diluted net income per share
Reported (GAAP)	$	950	$	1,008	$	(1,674	)	$	8,225		$	1,749		21.3	%	$	6,434		$	1.50
Items Impacting Comparability:
Asset Impairments	—		—		591			1,041			116					925			0.22
Productivity and Reinvestment	—		—		68			508			120					388			0.09
Equity Investees	—		111		—			111			(9		)			120			0.03
Transaction Gains/Losses	—		—		935			1,093			4					1,011			0.24
CCBA Unrecognized Depreciation and Amortization	—		—		—			(372		)	(105		)			(170		)	(0.04		)
Other Items	27		—		418			449			110					339			0.08
Certain Tax Matters	—		—		—			—			92					(92		)	(0.02		)
Comparable (Non-GAAP)	$	977	$	1,119	$	338		$	11,055		$	2,077		18.8	%	$	8,955		$	2.08


¹	The income tax adjustments are the calculated income tax benefits (charges) at the applicable tax rate for each of the items impacting comparability with the exception of certain tax matters discussed below.


²	Represents net income attributable to shareowners of the company.


•	Asset impairments include charges of $450 million related to CCR assets, charges of $334 million related to certain equity method investees in the Middle East, a charge of $205 million related to an equity method investee in Indonesia, and a charge of $52 million related to one of our equity method investees in Latin America.

•

Transaction gains/losses include charges of $554 million related to CCBA assets which were held for sale, net charges of $476 million related to the refranchising of certain bottling territories in North America, charges of $149 million due to pension settlements as a result of North America refranchising activities, charges of $139 million primarily related to North America refranchising costs, charges of $34 million related to North America conversion payments, charges of $33 million primarily related to the reversal of the cumulative translation adjustments resulting from the substantial liquidation of the company's former Russian juice operations, a net loss of $32 million related to acquiring a controlling interest in the Philippine bottling operations, and charges of $19 million for noncapitalizable transaction costs associated with pending and closed transactions. These charges were partially offset by a net gain of $296 million related to the sale of our equity ownership in Lindley and a net gain of $47 million due to the refranchising of our Latin American bottling operations.


•	Other items include a $328 million net loss related to unrealized gains and losses on our equity and trading debt securities, a $117 million net loss related to our economic hedging activities, and charges of $33 million primarily related to tax litigation expense. These charges were partially offset by a net gain of $27 million related to the early extinguishment of long-term debt.

•

Certain tax matters include a net tax benefit of $103 million associated with the company's stock-based compensation arrangements. This benefit was partially offset by a net tax expense of $8 million primarily as a result of adjustments to our provisional remeasurement of deferred taxes as well as remeasurement of the transition tax liability recorded related to the Tax Reform Act, and a net tax charge of $3 million for changes to our uncertain tax positions, including interest and penalties, as well as for agreed-upon tax matters.

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Data within Statements of Income

Reconciliation of GAAP and Non-GAAP Financial Measures

Unaudited

(In millions except per share data)



	Three Months Ended December 31, 2017
	Net operating revenues		Cost of goods sold		Gross profit			Gross margin		Selling, general and administrative expenses			Other operating charges			Operating income			Operating margin
Reported (GAAP)	$	8,314	$	3,155	$	5,159		62.1	%	$	3,057		$	592		$	1,510		18.2	%
Items Impacting Comparability:
Productivity and Reinvestment	—		—		—					—			(179		)	179
Transaction Gains/Losses	—		—		—					—			(160		)	160
CCBA Unrecognized Depreciation and Amortization	—		24		(24		)			66			—			(90		)
Other Items	—		1		(1		)			(1		)	(253		)	253
Comparable (Non-GAAP)	$	8,314	$	3,180	$	5,134		61.8	%	$	3,122		$	—		$	2,012		24.2	%



	Three Months Ended December 31, 2017
	Interest expense		Equity income (loss) — net		Other income (loss) — net			Income before income taxes			Income taxes¹			Effective tax rate		Net income (loss)²			Diluted net income (loss) per share
Reported (GAAP)	$	222	$	189	$	(576	)	$	1,085		$	3,802		350.4	%	$	(2,752	)	$	(0.65	)
Items Impacting Comparability:
Productivity and Reinvestment	—		—		116			295			103					192			0.05
Equity Investees	—		55		—			55			13					42			0.01
Transaction Gains/Losses	—		—		501			661			255					406			0.10
CCBA Unrecognized Depreciation and Amortization	—		—		—			(90		)	(26		)			(40		)	(0.01		)
Other Items	—		—		2			255			96					159			0.04
Certain Tax Matters	—		—		—			—			(3,693		)			3,693			0.87
Impact of Dilutive Securities	—		—		—			—			—					—			(0.01		)
Comparable (Non-GAAP)	$	222	$	244	$	43		$	2,261		$	550		24.3	%	$	1,700		$	0.40


¹	The income tax adjustments are the calculated income tax benefits (charges) at the applicable tax rate for each of the items impacting comparability with the exception of certain tax matters discussed below as well as the tax impact resulting form the accrual of tax on temporary differences related to the investments in foreign subsidiaries that are expected to reverse in the foreseeable future.


²	Represents net income attributable to shareowners of the company.

•

Transaction gains/losses include net charges of $667 million related to the refranchising of certain bottling territories in North America, charges of $105 million related to North America refranchising costs, charges of $26 million related to North America conversion payments, and charges of $13 million for noncapitalizable transaction costs associated with pending and closed transactions. These charges were partially offset by a gain of $150 million related to the remeasurement of our previously held equity interests in CCBA and its South African subsidiary to fair value.


•	Other items include a charge of $225 million due to a contribution the company made to The Coca-Cola Foundation, charges of $24 million related to tax litigation expense, and a $2 million net loss related to our economic hedging activities.

•

Certain tax matters include a net provisional tax charge of $3,610 million as a result of the Tax Reform Act and net tax charges of $94 million related to uncertain tax positions, including interest and penalties, as well as the impact of the reversal of valuation allowances in certain foreign jurisdictions. These charges were partially offset by $11 million of excess tax benefits associated with the company's stock-based compensation arrangements.

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Data within Statements of Income

Reconciliation of GAAP and Non-GAAP Financial Measures

Unaudited

(In millions except per share data)



	Year Ended December 31, 2017
	Net operating revenues		Cost of goods sold			Gross profit			Gross margin		Selling, general and administrative expenses			Other operating charges			Operating income			Operating margin
Reported (GAAP)	$	36,212	$	13,721		$	22,491		62.1	%	$	12,834		$	1,902		$	7,755		21.4	%
Items Impacting Comparability:
Asset Impairments	—		—			—					—			(737		)	737
Productivity and Reinvestment	—		—			—					—			(534		)	534
Transaction Gains/Losses	—		(3		)	3					—			(299		)	302
CCBA Unrecognized Depreciation and Amortization	—		24			(24		)			66			—			(90		)
Other Items	6		(28		)	34					(2		)	(332		)	368
Comparable (Non-GAAP)	$	36,218	$	13,714		$	22,504		62.1	%	$	12,898		$	—		$	9,606		26.5	%



	Year Ended December 31, 2017
	Interest expense			Equity income (loss) — net		Other income (loss) — net			Income before income taxes			Income taxes¹			Effective tax rate		Net income²			Diluted net income per share
Reported (GAAP)	$	853		$	1,072	$	(1,763	)	$	6,890		$	5,607		81.4	%	$	1,248		$	0.29
Items Impacting Comparability:
Asset Impairments	—			—		50			787			156					631			0.15
Productivity and Reinvestment	—			—		116			650			230					420			0.10
Equity Investees	—			92		—			92			22					70			0.02
Transaction Gains/Losses	—			—		1,910			2,212			83					2,129			0.49
CCBA Unrecognized Depreciation and Amortization	—			—		—			(90		)	(26		)			(40		)	(0.01		)
Other Items	(38		)	—		—			406			146					260			0.06
Certain Tax Matters	—			—		—			—			(3,583		)			3,583			0.83
Comparable (Non-GAAP)	$	815		$	1,164	$	313		$	10,947		$	2,635		24.1	%	$	8,301		$	1.92


¹	The income tax adjustments are the calculated income tax benefits (charges) at the applicable tax rate for each of the items impacting comparability with the exception of certain tax matters discussed below as well as the tax impact resulting form the accrual of tax on temporary differences related to the investments in foreign subsidiaries that are expected to reverse in the foreseeable future.


²	Represents net income attributable to shareowners of the company.


•	Asset impairments include charges of $737 million related to CCR assets and a $50 million charge related to an international equity method investee.

•

Transaction gains/losses include net charges of $2,140 million related to the refranchising of certain bottling territories in North America, charges of $422 million related to North America refranchising costs, charges of $313 million related to North America conversion payments, a charge of $26 million related to our former German bottling operations, and charges of $19 million for noncapitalizable transaction costs associated with pending and closed transactions. These charges were partially offset by a gain of $445 million related to the integration of Coca-Cola West Co., Ltd. and Coca-Cola East Japan Co., Ltd. to establish Coca-Cola Bottlers Japan Inc., now known as Coca-Cola Bottlers Japan Holdings Inc., as well as a gain of $150 million related to the remeasurement of our previously held equity interests in CCBA and its South African subsidiary to fair value, a gain of $88 million related to the refranchising of our China bottling operations and the sale of a related cost method investment, and a gain of $25 million related to Coca-Cola FEMSA, an equity method investee, issuing additional shares of its stock at a per share amount greater than the carrying value of the company's per share investment.


•	Other items include a charge of $225 million due to a contribution the company made to The Coca-Cola Foundation, charges of $67 million related to tax litigation expense, a net charge of $38 million related to the extinguishment of long-term debt, a $36 million net loss related to our economic hedging activities, and impairment charges of $34 million related to Venezuelan intangible assets.

•

Certain tax matters include a net provisional tax charge of $3,610 million as a result of the Tax Reform Act and net tax charges of $106 million related to uncertain tax positions, including interest and penalties, as well as the impact of the reversal of valuation allowances in certain foreign jurisdictions. These charges were partially offset by $133 million of excess tax benefits associated with the company's stock-based compensation arrangements.

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Operating Segment and Corporate Data

Reconciliation of GAAP and Non-GAAP Financial Measures

Unaudited

(In millions)



	Operating Income (Loss) for Three Months Ended March 29, 2019
	Europe, Middle East & Africa		Latin America		North America			Asia Pacific		Global Ventures		Bottling Investments			Corporate			Consolidated
Reported (GAAP)	$	978	$	496	$	586		$	542	$	66	$	100		$	(333	)	$	2,435
Items Impacting Comparability:
Productivity and Reinvestment	1		—		17			—		—		2			48			68
Transaction Gains/Losses	—		—		—			—		—		11			46			57
CCBA Unrecognized Depreciation and Amortization	—		—		—			—		—		(88		)	—			(88		)
Other Items	—		—		(21		)	—		—		(4		)	9			(16		)
Comparable (Non-GAAP)	$	979	$	496	$	582		$	542	$	66	$	21		$	(230	)	$	2,456

	Operating Income (Loss) for Three Months Ended March 30, 2018
	Europe, Middle East & Africa		Latin America		North America			Asia Pacific		Global Ventures		Bottling Investments			Corporate			Consolidated
Reported (GAAP)	$	914	$	571	$	503		$	562	$	29	$	(325	)	$	(307	)	$	1,947
Items Impacting Comparability:
Asset Impairments	—		—		—			—		—		390			—			390
Productivity and Reinvestment	2		2		52			—		—		6			33			95
Transaction Gains/Losses	—		—		—			—		—		45			—			45
CCBA Unrecognized Depreciation and Amortization	—		—		—			—		—		(96		)	—			(96		)
Other Items	—		—		(19		)	—		—		10			5			(4		)
Comparable (Non-GAAP)	$	916	$	573	$	536		$	562	$	29	$	30		$	(269	)	$	2,377

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Operating Segment and Corporate Data

Reconciliation of GAAP and Non-GAAP Financial Measures

Unaudited

(In millions)



	Operating Income (Loss) for Three Months Ended June 29, 2018
	Europe, Middle East & Africa			Latin America			North America			Asia Pacific			Global Ventures		Bottling Investments			Corporate			Consolidated
Reported (GAAP)	$	1,093		$	593		$	648		$	703		$	37	$	(17	)	$	(291	)	$	2,766
Items Impacting Comparability:
Asset Impairments	—			—			—			—			—		60			—			60
Productivity & Reinvestment	—			1			47			1			—		16			46			111
Transaction Gains/Losses	—			—			—			—			—		34			3			37
CCBA Unrecognized Depreciation and Amortization	—			—			—			—			—		(97		)	—			(97		)
Other Items	—			—			14			—			—		(5		)	(14		)	(5		)
Comparable (Non-GAAP)	$	1,093		$	594		$	709		$	704		$	37	$	(9	)	$	(256	)	$	2,872

	Operating Income (Loss) for Three Months Ended September 28, 2018
	Europe, Middle East & Africa			Latin America			North America			Asia Pacific			Global Ventures		Bottling Investments			Corporate			Consolidated
Reported (GAAP)	$	933		$	640		$	663		$	614		$	44	$	24		$	(304	)	$	2,614
Items Impacting Comparability:
Productivity and Reinvestment	(4		)	(1		)	39			(2		)	—		10			65			107
Transaction Gains/Losses	—			—			—			—			—		37			7			44
CCBA Unrecognized Depreciation and Amortization	—			—			—			—			—		(90		)	—			(90		)
Other Items	—			—			(1		)	—			—		5			20			24
Comparable (Non-GAAP)	$	929		$	639		$	701		$	612		$	44	$	(14	)	$	(212	)	$	2,699

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Operating Segment and Corporate Data

Reconciliation of GAAP and Non-GAAP Financial Measures

Unaudited

(In millions)



	Operating Income (Loss) for Three Months Ended December 31, 2018
	Europe, Middle East & Africa			Latin America		North America		Asia Pacific			Global Ventures		Bottling Investments			Corporate			Consolidated
Reported (GAAP)	$	753		$	514	$	504	$	392		$	42	$	121		$	(501	)	$	1,825
Items Impacting Comparability:
Productivity & Reinvestment	(1		)	2		37		(3		)	—		(1		)	93			127
Transaction Gains/Losses	—			—		—		—			—		22			10			32
CCBA Unrecognized Depreciation and Amortization	—			—		—		—			—		(89		)	—			(89		)
Other Items	—			—		43		—			—		1			(1		)	43
Comparable (Non-GAAP)	$	752		$	516	$	584	$	389		$	42	$	54		$	(399	)	$	1,938

	Operating Income (Loss) for Year Ended December 31, 2018
	Europe, Middle East & Africa			Latin America		North America		Asia Pacific			Global Ventures		Bottling Investments			Corporate			Consolidated
Reported (GAAP)	$	3,693		$	2,318	$	2,318	$	2,271		$	152	$	(197	)	$	(1,403	)	$	9,152
Items Impacting Comparability:
Asset Impairments	—			—		—		—			—		450			—			450
Productivity & Reinvestment	(3		)	4		175		(4		)	—		31			237			440
Transaction Gains/Losses	—			—		—		—			—		138			20			158
CCBA Unrecognized Depreciation and Amortization	—			—		—		—			—		(372		)	—			(372		)
Other Items	—			—		37		—			—		11			10			58
Comparable (Non-GAAP)	$	3,690		$	2,322	$	2,530	$	2,267		$	152	$	61		$	(1,136	)	$	9,886

Exhibit 99.1

The Coca-Cola Company and Subsidiaries

Reclassified Operating Segment and Corporate Data

Reconciliation of GAAP and Non-GAAP Financial Measures

Unaudited

(In millions)



	Operating Income (Loss) for Three Months Ended December 31, 2017
	Europe, Middle East & Africa		Latin America		North America			Asia Pacific		Global Ventures		Bottling Investments			Corporate			Consolidated
Reported (GAAP)	$	756	$	590	$	583		$	320	$	33	$	(20	)	$	(752	)	$	1,510
Items Impacting Comparability:
Productivity & Reinvestment	24		4		110			6		—		18			17			179
Transaction Gains/Losses	—		—		—			—		—		146			14			160
CCBA Unrecognized Depreciation and Amortization	—		—		—			—		—		(90		)	—			(90		)
Other Items	—		—		(5		)	—		—		1			257			253
Comparable (Non-GAAP)	$	780	$	594	$	688		$	326	$	33	$	55		$	(464	)	$	2,012

	Operating Income (Loss) for Year Ended December 31, 2017
	Europe, Middle East & Africa		Latin America		North America			Asia Pacific		Global Ventures		Bottling Investments			Corporate			Consolidated
Reported (GAAP)	$	3,585	$	2,215	$	2,472		$	2,136	$	159	$	(806	)	$	(2,006	)	$	7,755
Items Impacting Comparability:
Asset Impairments	—		—		—			—		—		737			—			737
Productivity & Reinvestment	26		7		241			10		—		57			193			534
Transaction Gains/Losses	—		—		—			—		—		281			21			302
CCBA Unrecognized Depreciation and Amortization	—		—		—			—		—		(90		)	—			(90		)
Other Items	—		—		(14		)	—		—		24			358			368
Comparable (Non-GAAP)	$	3,611	$	2,222	$	2,699		$	2,146	$	159	$	203		$	(1,434	)	$	9,606