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
 3 Months Ended 9 Months Ended
Sep. 30, 2011
Oct. 01, 2010
Sep. 30, 2011
Oct. 01, 2010
NET OPERATING REVENUES $ 12,248 $ 8,426 $ 35,502 $ 24,625
Cost of goods sold 4,875 2,918 13,813 8,414
GROSS PROFIT 7,373 5,508 21,689 16,211
Selling, general and administrative expenses 4,527 3,064 13,029 8,647
Other operating charges 96 100 457 274
OPERATING INCOME 2,750 2,344 8,203 7,290
Interest income 141 93 356 220
Interest expense 116 80 313 246
Equity income (loss) - net 180 355 535 847
Other income (loss) - net (32) (12) 447 (109)
INCOME BEFORE INCOME TAXES 2,923 2,700 9,228 8,002
Income taxes 680 633 2,268 1,927
CONSOLIDATED NET INCOME 2,243 2,067 6,960 6,075
Less: Net income attributable to noncontrolling interests 22 12 42 37
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 2,221 $ 2,055 $ 6,918 $ 6,038
BASIC NET INCOME PER SHARE (in dollars per share) $ 0.97 [1] $ 0.89 [1] $ 3.02 [1] $ 2.62 [1]
DILUTED NET INCOME PER SHARE (in dollars per share) $ 0.95 [1] $ 0.88 [1] $ 2.97 [1] $ 2.59 [1]
DIVIDENDS PER SHARE (in dollars per share) $ 0.47 $ 0.44 $ 1.41 $ 1.32
AVERAGE SHARES OUTSTANDING (in shares) 2,286 2,310 2,289 2,307
Effect of dilutive securities (in shares) 40 26 40 22
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) 2,326 2,336 2,329 2,329
[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.