Annual report pursuant to Section 13 and 15(d)

OPERATING SEGMENTS (Tables)

v3.6.0.2
OPERATING SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2016
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,
2016

 
2015

 
2014

Concentrate operations1
40
%
 
37
%
 
38
%
Finished product operations2
60


63

 
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,
2016

 
2015

 
2014

United States
$
19,899

 
$
20,360

 
$
19,763

International
21,964

 
23,934

 
26,235

Net operating revenues
$
41,863

 
$
44,294

 
$
45,998

The following table provides information related to our property, plant and equipment — net (in millions):
Year Ended December 31,
2016

 
2015

 
2014

United States
$
6,784

 
$
8,266

 
$
8,683

International
3,851

 
4,305

 
5,950

Property, plant and equipment — net
$
10,635

 
$
12,571

 
$
14,633

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, 2016, 2015 and 2014, is as follows (in millions):
 
Europe, Middle East & Africa

 
Latin
America

 
North
America

 
Asia Pacific

 
Bottling
Investments

 
Corporate

 
Eliminations

 
Consolidated

2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Third party
$
7,014

 
$
3,746

 
$
6,437

 
$
4,788


$
19,751

 
$
127

 
$
—

 
$
41,863

   Intersegment
264

 
73

 
3,773

 
506

 
134

 
5

 
(4,755
)
 
—

   Total net revenues
7,278

 
3,819

 
10,210

 
5,294

 
19,885

 
132

 
(4,755
)
 
41,863

Operating income (loss)
3,676

 
1,951

 
2,582

 
2,224

 
(137
)
 
(1,670
)
 
—

 
8,626

Interest income
—

 
—

 
27

 
—

 
—

 
615

 
—

 
642

Interest expense
—

 
—

 
—

 
—

 
—

 
733

 
—

 
733

Depreciation and amortization
93

 
35

 
426

 
80

 
1,013

 
140

 
—

 
1,787

Equity income (loss) — net
62

 
18

 
(17
)
 
9

 
648

 
115

 
—

 
835

Income (loss) before income taxes
3,749

 
1,966

 
2,560

 
2,238

 
(1,923
)
 
(454
)
 
—

 
8,136

Identifiable operating assets1
4,067


1,785

 
16,566

 
2,024

 
15,973


29,606

 
—

 
70,021

Investments3
1,302

 
804

 
109

 
164

 
11,456

 
3,414

 
—

 
17,249

Capital expenditures
62

 
45

 
438

 
107

 
1,329

 
281

 
—

 
2,262

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

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 and 10 percent in 2014. The 2015 amount includes property, plant and equipment — net classified as held for sale. During the year ended December 31, 2016, the Company deconsolidated our German bottling operations. Refer to Note 2.
3 
Principally equity method investments and other investments in bottling companies.