Current report filing

OPERATING SEGMENTS (Tables)

v3.19.2
OPERATING SEGMENTS (Tables)
12 Months Ended
Dec. 31, 2018
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,
2018

2017

2016

Concentrate operations
58
%
50
%
40
%
Finished product operations
42

50

60

Total
100
%
100
%
100
%

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,
2018

2017

2016

United States
$
11,344

$
14,727

$
19,899

International
22,956

21,485

21,964

Net operating revenues
$
34,300

$
36,212

$
41,863

The following table provides information related to our property, plant and equipment — net (in millions):
Year Ended December 31,
2018

2017

2016

United States
$
4,154

$
4,163

$
6,784

International
5,444

5,475

3,851

Property, plant and equipment — net
$
9,598

$
9,638

$
10,635


Schedule of Segment Reporting Information, by Segment [Table Text Block]
Information about our Company's operations by operating segment and Corporate as of and for the years ended December 31, 2018, 2017 and 2016, is as follows (in millions):
 
Europe, Middle East & Africa

 
Latin
America

 
North
America

 
Asia Pacific

 
Global Ventures

 
Bottling
Investments

 
Corporate

 
Eliminations

 
Consolidated

 
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Third party
$
6,535

 
$
3,971

 
$
11,370

 
$
4,797


$
767

 
$
6,768

 
$
92

 
$

 
$
34,300

 
   Intersegment
564

 
39

 
260

 
388

 
3

 
19

 

 
(1,273
)
 

 
   Total net operating revenues
7,099

 
4,010

 
11,630

 
5,185

 
770

 
6,787

 
92

 
(1,273
)
 
34,300

 
Operating income (loss)
3,693

 
2,318

 
2,318

 
2,271

 
152

 
(197
)
 
(1,403
)
 

 
9,152

 
Interest income

 

 
57

 

 
13

 

 
619

 

 
689

 
Interest expense

 

 

 

 

 

 
950

 

 
950

 
Depreciation and amortization
77

 
30

 
422

 
58

 
8

 
239

 
252

 

 
1,086

 
Equity income (loss) — net
2

 
(19
)
 
(2
)
 
12

 

 
828

 
187

 

 
1,008

 
Income (loss) before income
  taxes
3,386

 
2,243

 
2,345

 
2,298

 
165

 
(159
)
 
(2,053
)
 

 
8,225

 
Identifiable operating assets1
7,414

2 
1,715

 
17,519

 
1,996


968

 
10,525

2 
22,800

 

 
62,937

 
Investments3
789

 
784

 
400

 
216

 

 
14,372

 
3,718

 

 
20,279

 
Capital expenditures
66

 
90

 
429

 
31

 
11

 
517

 
404

 

 
1,548

 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Third party
$
6,780

 
$
3,953

 
$
8,678

 
$
4,753

 
$
712

 
$
11,223

 
$
113

 
$

 
$
36,212

 
   Intersegment
42

 
73

 
1,951

 
409

 
3

 
83

 

 
(2,561
)
 

 
   Total net operating revenues
6,822

 
4,026

 
10,629

 
5,162

 
715

 
11,306

 
113

 
(2,561
)
 
36,212

 
Operating income (loss)
3,585

 
2,215

 
2,472

 
2,136

 
159

 
(806
)
 
(2,006
)
 

 
7,755

 
Interest income

 

 
36

 

 
9

 

 
634

 

 
679

 
Interest expense

 

 

 

 

 

 
853

 

 
853

 
Depreciation and amortization
86

 
37

 
411

 
65

 
5

 
454

 
202

 

 
1,260

 
Equity income (loss) — net
49

 
(3
)
 
(3
)
 
11

 

 
878

 
140

 

 
1,072

 
Income (loss) before income
  taxes
3,666

 
2,209

 
2,192

 
2,168

 
167

 
(2,202
)
 
(1,310
)
 

 
6,890

 
Identifiable operating assets1
4,880

2 
1,896

 
17,224

 
2,070

 
991

 
11,719

2 
27,157

 

 
65,937

 
Investments3
1,238

 
891

 
112

 
177

 

 
16,005

 
3,536

 

 
21,959

 
Capital expenditures
77

 
55

 
541

 
50

 
4

 
737

 
286

 

 
1,750

 
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Third party
$
6,535

 
$
3,744

 
$
6,479

 
$
4,775

 
$
626

 
$
19,601

 
$
103

 
$

 
$
41,863

 
   Intersegment
264

 
73

 
3,735

 
506

 
8

 
134

 

 
(4,720
)
 

 
   Total net operating revenues
6,799

 
3,817

 
10,214

 
5,281

 
634

 
19,735

 
103

 
(4,720
)
 
41,863

 
Operating income (loss)
3,637

 
1,951

 
2,505

 
2,199

 
138

 
1

 
(1,774
)
 

 
8,657

 
Interest income

 

 
23

 

 
4

 

 
615

 

 
642

 
Interest expense

 

 

 

 

 

 
733

 

 
733

 
Depreciation and amortization
87

 
35

 
426

 
80

 
6

 
1,013

 
140

 

 
1,787

 
Equity income (loss) — net
62

 
18

 
(17
)
 
9

 

 
648

 
115

 

 
835

 
Income (loss) before income
  taxes
3,718

 
1,964

 
2,479

 
2,227

 
142

 
(1,955
)
 
(439
)
 

 
8,136

 
Capital expenditures
56

 
45

 
438

 
107

 
6

 
1,329

 
281

 

 
2,262

 
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 South Africa represented 14 percent and 15 percent of consolidated property, plant and equipment — net in 2018 and 2017, respectively.
3 
Principally equity method investments and other investments in bottling companies.