Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 30, 2012
Apr. 01, 2011
NET OPERATING REVENUES $ 11,137 $ 10,517
Cost of goods sold 4,348 3,948
GROSS PROFIT 6,789 6,569
Selling, general and administrative expenses 4,181 4,076
Other operating charges 99 209
OPERATING INCOME 2,509 2,284
Interest income 115 94
Interest expense 88 113
Equity income (loss) - net 140 134
Other income (loss) - net 49 117
INCOME BEFORE INCOME TAXES 2,725 2,516
Income taxes 658 600
CONSOLIDATED NET INCOME 2,067 1,916
Less: Net income attributable to noncontrolling interests 13 13
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 2,054 $ 1,903
BASIC NET INCOME PER SHARE (in dollars per share) $ 0.91 [1] $ 0.83 [1]
DILUTED NET INCOME PER SHARE (in dollars per share) $ 0.89 [1] $ 0.82 [1]
DIVIDENDS PER SHARE (in dollars per share) $ 0.51 $ 0.47
AVERAGE SHARES OUTSTANDING (in shares) 2,263 2,292
Effect of dilutive securities (in shares) 38 39
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) 2,301 2,331
[1] 1 Basic net income per share and diluted net income per share are calculated based on net income attributable to shareowners of The Coca-Cola Company.