Current report filing

OPERATING SEGMENTS (Tables)

v3.5.0.2
OPERATING SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2015
Segment Reporting Information [Line Items]  
Schedule of total net operating revenues related to concentrate and finished products operation
The following table sets forth the percentage of total net operating revenues related to concentrate operations and finished product operations:
Year Ended December 31,
2015

 
2014

 
2013

Concentrate operations1
37
%
 
38
%
 
38
%
Finished product operations2
63


62

 
62

Total
100
%
 
100
%
 
100
%

1 
Includes concentrates sold by the Company to authorized bottling partners for the manufacture of fountain syrups. The bottlers then typically sell the fountain syrups to wholesalers or directly to fountain retailers.
2 
Includes fountain syrups manufactured by the Company, including consolidated bottling operations, and sold to fountain retailers or to authorized fountain wholesalers or bottling partners who resell the fountain syrups to fountain retailers.
Schedule of net revenue and property plant and equipment by Geography
The following table provides information related to our net operating revenues (in millions):
Year Ended December 31,
2015

 
2014

 
2013

United States
$
20,360

 
$
19,763

 
$
19,820

International
23,934

 
26,235

 
27,034

Net operating revenues
$
44,294

 
$
45,998

 
$
46,854

The following table provides information related to our property, plant and equipment — net (in millions):
Year Ended December 31,
2015

 
2014

 
2013

United States
$
8,266

 
$
8,683

 
$
8,841

International
4,305

 
5,950

 
6,126

Property, plant and equipment — net
$
12,571

 
$
14,633

 
$
14,967

Schedule of Segment Reporting Information, by Segment [Table Text Block]
Information about our Company's operations by operating segment as of and for the years ended December 31, 2015, 2014 and 2013, is as follows (in millions):
 
Europe, Middle East & Africa

 
Latin
America

 
North
America

 
Asia Pacific

 
Bottling
Investments

 
Corporate

 
Eliminations

 
Consolidated

2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Third party
$
6,966

 
$
3,999

 
$
5,581

 
$
4,707


$
22,885

 
$
156

 
$
—

 
$
44,294

   Intersegment
621

 
75

 
4,259

 
545

 
178

 
10

 
(5,688
)
 
—

   Total net revenues
7,587

 
4,074

 
9,840

 
5,252

 
23,063

 
166

 
(5,688
)
 
44,294

Operating income (loss)
3,875

 
2,169

 
2,366

 
2,189

 
124

 
(1,995
)
 
—

 
8,728

Interest income
—

 
—

 
9

 
—

 
—

 
604

 
—

 
613

Interest expense
—

 
—

 
—

 
—

 
—

 
856

 
—

 
856

Depreciation and amortization
103

 
41

 
373

 
85

 
1,211

 
157

 
—

 
1,970

Equity income (loss) — net
39

 
(7
)
 
(18
)
 
9

 
426

 
40

 
—

 
489

Income (loss) before income taxes
3,923

 
2,164

 
2,356

 
2,207

 
(427
)
 
(618
)
 
—

 
9,605

Identifiable operating assets1
4,156

2 
1,627

 
16,396

 
1,639

 
22,688

2 
27,702

 
—

 
74,208

Investments3
1,138

 
657

 
107

 
158

 
8,084

 
5,644

 
—

 
15,788

Capital expenditures
54

 
70

 
377

 
81

 
1,699

 
272

 
—

 
2,553

2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Third party
$
7,574

 
$
4,597

 
$
4,975

 
$
5,257

 
$
23,459

 
$
136

 
$
—

 
$
45,998

   Intersegment
692

 
60

 
4,296

 
489

 
192

 
—

 
(5,729
)
 
—

   Total net revenues
8,266

 
4,657

 
9,271

 
5,746

 
23,651

 
136

 
(5,729
)
 
45,998

Operating income (loss)
3,936

 
2,316

 
2,243

 
2,448

 
213

 
(1,448
)
 
—

 
9,708

Interest income
—

 
—

 
—

 
—

 
—

 
594

 
—

 
594

Interest expense
—

 
—

 
—

 
—

 
—

 
483

 
—

 
483

Depreciation and amortization
122

 
56

 
349

 
96

 
1,161

 
192

 
—

 
1,976

Equity income (loss) — net
66

 
10

 
(16
)
 
12

 
691

 
6

 
—

 
769

Income (loss) before income taxes
4,017

 
2,319

 
2,228

 
2,464

 
120

 
(1,823
)
 
—

 
9,325

Identifiable operating assets1
4,656

2 
2,426

 
16,844

 
1,793

 
23,197

2 
29,427

 
—

 
78,343

Investments3
1,171

 
757

 
34

 
157

 
8,795

 
2,711

 
—

 
13,625

Capital expenditures
84

 
55

 
367

 
76

 
1,554

 
270

 
—

 
2,406

2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Third party
$
7,408

 
$
4,748

 
$
5,047

 
$
5,372

 
$
24,125

 
$
154

 
$
—

 
$
46,854

   Intersegment
689

 
191

 
4,168

 
497

 
195

 
—

 
(5,740
)
 
—

   Total net revenues
8,097

 
4,939

 
9,215

 
5,869

 
24,320

 
154

 
(5,740
)
 
46,854

Operating income (loss)
3,946

 
2,908

 
2,233

 
2,478

 
314

 
(1,651
)
 
—

 
10,228

Interest income
—

 
—

 
—

 
—

 
—

 
534

 
—

 
534

Interest expense
—

 
—

 
—

 
—

 
—

 
463

 
—

 
463

Depreciation and amortization
128

 
58

 
334

 
130

 
1,193

 
134

 
—

 
1,977

Equity income (loss) — net
46

 
13

 
—

 
19

 
526

 
(2
)
 
—

 
602

Income (loss) before income taxes
4,032

 
2,920

 
2,233

 
2,494

 
880

 
(1,082
)
 
—

 
11,477

Identifiable operating assets1
4,986

2 
2,918

 
16,735

 
1,922

 
24,240

2 
27,689

 
—

 
78,490

Investments3
1,263

 
545

 
35

 
143

 
9,438

 
88

 
—

 
11,512

Capital expenditures
74

 
63

 
342

 
117

 
1,675

 
279

 
—

 
2,550

1 
Principally cash and cash equivalents, short-term investments, marketable securities, trade accounts receivable, inventories, goodwill, trademarks and other intangible assets, and property, plant and equipment — net.
2 
Property, plant and equipment — net in Germany represented 10 percent of consolidated property, plant and equipment — net in 2015, 10 percent in 2014 and 11 percent in 2013. The 2015 amount includes property, plant and equipment — net classified as held for sale.
3 
Principally equity method investments and other investments in bottling companies.