Current report filing

OPERATING SEGMENTS (Details 2)

v3.19.2
OPERATING SEGMENTS (Details 2) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net operating revenues:      
Revenue for Reportable Segments $ 34,300 $ 36,212 $ 41,863
Intersegment Revenue 0 0 0
Revenues 34,300 36,212 41,863
Operating Income (Loss) 9,152 7,755 8,657
Interest income 689 679 642
Interest expense 950 853 733
Depreciation and amortization 1,086 1,260 1,787
Equity income (loss) - net 1,008 1,072 835
INCOME BEFORE INCOME TAXES 8,225 6,890 8,136
Identifiable operating assets 62,937 65,937  
Investments 20,279 21,959  
Capital expenditures $ 1,548 $ 1,750 2,262
Ratio of net property, plant and equipment in India to total consolidated property, plant and equipment - net (as a percent) 14.00% 15.00%  
Litigation Settlement, Expense $ 33 $ 67  
Derivative, Gain (Loss) on Derivative, Net (79)    
Our proportionate share of unusual or infrequent items recorded by our equity method investees 111 92 61
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net   150  
Gains (Losses) on Extinguishment of Debt 27 (38)  
Equity Method Investment, Other than Temporary Impairment 591    
Net realized and unrealized gains (losses) on equity securities and trading debt securities as well as realized gains (losses) on available-for-sale debt securities (278)    
Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee   445  
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee   25  
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)   33  
Other General Expense 19 19 41
Venezuelan subsidiary      
Net operating revenues:      
Impairment of Intangible Assets (Excluding Goodwill)   34  
Accounts Receivable Write Down     76
Egypt subsidiary      
Net operating revenues:      
Remeasurement Charges on Subsidiary Assets     72
Russian juice operations [Member]      
Net operating revenues:      
Loss due to reversal of cumulative translation adjustment 33    
Philippine Bottling Operations [Member]      
Net operating revenues:      
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss 32    
Latin America Bottling Operations [Member]      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal 47    
North America Territory [Member]      
Net operating revenues:      
Assets held for sale   9  
Other Restructuring Costs   255 139
Gain (loss) on refranchised territories and/or bottler disposal (91) (3,177) (2,456)
China Bottling Operation [Member]      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal   88  
CCEAG [Member]      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal   (26) 1,400
Bottling Operations [Member]      
Net operating revenues:      
Other Restructuring Costs 403    
Europe, Middle East and Africa      
Net operating revenues:      
Revenue for Reportable Segments 6,535 6,780 6,535
Intersegment Revenue 564 42 264
Revenues 7,099 6,822 6,799
Operating Income (Loss) 3,693 3,585 3,637
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 77 86 87
Equity income (loss) - net 2 49 62
INCOME BEFORE INCOME TAXES 3,386 3,666 3,718
Identifiable operating assets 7,414 4,880  
Investments 789 1,238  
Capital expenditures 66 77 56
Productivity, integration and restructuring initiatives   26 32
Our proportionate share of unusual or infrequent items recorded by our equity method investees   4  
Equity Method Investment, Other than Temporary Impairment 334    
Refinement of previously established accruals - credit (3)    
Latin America      
Net operating revenues:      
Revenue for Reportable Segments 3,971 3,953 3,744
Intersegment Revenue 39 73 73
Revenues 4,010 4,026 3,817
Operating Income (Loss) 2,318 2,215 1,951
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 30 37 35
Equity income (loss) - net (19) (3) 18
INCOME BEFORE INCOME TAXES 2,243 2,209 1,964
Identifiable operating assets 1,715 1,896  
Investments 784 891  
Capital expenditures 90 55 45
Productivity, integration and restructuring initiatives 4 7  
Equity Method Investment, Other than Temporary Impairment 52    
Refinement of previously established accruals - credit     (2)
Latin America | Venezuelan subsidiary      
Net operating revenues:      
Accounts Receivable Write Down     76
North America      
Net operating revenues:      
Revenue for Reportable Segments 11,370 8,678 6,479
Intersegment Revenue 260 1,951 3,735
Revenues 11,630 10,629 10,214
Operating Income (Loss) 2,318 2,472 2,505
Interest income 57 36 23
Interest expense 0 0 0
Depreciation and amortization 422 411 426
Equity income (loss) - net (2) (3) (17)
INCOME BEFORE INCOME TAXES 2,345 2,192 2,479
Identifiable operating assets 17,519 17,224  
Investments 400 112  
Capital expenditures 429 541 438
Productivity, integration and restructuring initiatives 175 241 134
Our proportionate share of unusual or infrequent items recorded by our equity method investees   2  
Cost incurred to convert bottling agreements 34 313 31
Asia Pacific      
Net operating revenues:      
Revenue for Reportable Segments 4,797 4,753 4,775
Intersegment Revenue 388 409 506
Revenues 5,185 5,162 5,281
Operating Income (Loss) 2,271 2,136 2,199
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 58 65 80
Equity income (loss) - net 12 11 9
INCOME BEFORE INCOME TAXES 2,298 2,168 2,227
Identifiable operating assets 1,996 2,070  
Investments 216 177  
Capital expenditures 31 50 107
Productivity, integration and restructuring initiatives   10 1
Refinement of previously established accruals - credit (4)    
Global Ventures [Member]      
Net operating revenues:      
Revenue for Reportable Segments 767 712 626
Intersegment Revenue 3 3 8
Revenues 770 715 634
Operating Income (Loss) 152 159 138
Interest income 13 9 4
Interest expense 0 0 0
Depreciation and amortization 8 5 6
Equity income (loss) - net 0 0 0
INCOME BEFORE INCOME TAXES 165 167 142
Identifiable operating assets 968 991  
Investments 0 0  
Capital expenditures 11 4 6
Bottling Investments      
Net operating revenues:      
Revenue for Reportable Segments 6,768 11,223 19,601
Intersegment Revenue 19 83 134
Revenues 6,787 11,306 19,735
Operating Income (Loss) (197) (806) 1
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 239 454 1,013
Equity income (loss) - net 828 878 648
INCOME BEFORE INCOME TAXES (159) (2,202) (1,955)
Identifiable operating assets 10,525 11,719  
Investments 14,372 16,005  
Capital expenditures 517 737 1,329
Productivity, integration and restructuring initiatives 31 57 322
Other Restructuring Costs   419 297
Asset Impairment Charges   737 153
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement     (118)
Our proportionate share of unusual or infrequent items recorded by our equity method investees 124 70 52
Gain (loss) on refranchised territories and/or bottler disposal (476) (2,140) (2,456)
Equity Method Investment, Other than Temporary Impairment 205    
Other General Expense     9
Bottling Investments | Russian juice operations [Member]      
Net operating revenues:      
Loss due to reversal of cumulative translation adjustment 33    
Bottling Investments | North America Territory [Member]      
Net operating revenues:      
Other Restructuring Costs 139    
Bottling Investments | Bottling Operations [Member]      
Net operating revenues:      
Other Restructuring Costs   280 276
Corporate      
Net operating revenues:      
Revenue for Reportable Segments 92 113 103
Intersegment Revenue 0 0 0
Revenues 92 113 103
Operating Income (Loss) (1,403) (2,006) (1,774)
Interest income 619 634 615
Interest expense 950 853 733
Depreciation and amortization 252 202 140
Equity income (loss) - net 187 140 115
INCOME BEFORE INCOME TAXES (2,053) (1,310) (439)
Identifiable operating assets 22,800 27,157  
Investments 3,718 3,536  
Capital expenditures 404 286 281
Productivity, integration and restructuring initiatives 237 193 105
Cash Contribution Expense   225 200
Litigation Settlement, Expense 33 67  
Asset Impairment Charges   50  
Derivative, Gain (Loss) on Derivative, Net (79)    
Our proportionate share of unusual or infrequent items recorded by our equity method investees (13) 16 9
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net   150  
Gains (Losses) on Extinguishment of Debt   (38)  
Gain (loss) on refranchised territories and/or bottler disposal     1,323
Equity Method Investment, Other than Temporary Impairment   50  
Net realized and unrealized gains (losses) on equity securities and trading debt securities as well as realized gains (losses) on available-for-sale debt securities (278)    
Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee   445  
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee   25  
Other General Expense 19   32
Corporate | Venezuelan subsidiary      
Net operating revenues:      
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)   34  
Corporate | Egypt subsidiary      
Net operating revenues:      
Remeasurement Charges on Subsidiary Assets     72
Corporate | Philippine Bottling Operations [Member]      
Net operating revenues:      
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss 32    
Corporate | Latin America Bottling Operations [Member]      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal 47    
Corporate | China Bottling Operation [Member]      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal   88  
Corporate | CCEAG [Member]      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal   (26)  
Eliminations      
Net operating revenues:      
Revenue for Reportable Segments 0 0 0
Intersegment Revenue (1,273) (2,561) (4,720)
Revenues (1,273) (2,561) (4,720)
Operating Income (Loss) 0 0 0
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 0 0 0
Equity income (loss) - net 0 0 0
INCOME BEFORE INCOME TAXES 0 0 0
Identifiable operating assets 0 0  
Investments 0 0  
Capital expenditures 0 0 0
North America Territory [Member]      
Net operating revenues:      
Asset Impairment Charges 450 737  
North America Territory [Member] | Bottling Investments      
Net operating revenues:      
Asset Impairment Charges 450    
Coca-Cola Beverage Africa [Member]      
Net operating revenues:      
Asset Impairment Charges 554 0  
Coca-Cola Beverage Africa [Member] | Corporate      
Net operating revenues:      
Asset Impairment Charges 554    
Pension benefits      
Net operating revenues:      
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement (240) (228) $ (118)
Pension benefits | Latin America      
Net operating revenues:      
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement (4)    
Pension benefits | Bottling Investments      
Net operating revenues:      
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement (149)    
Pension benefits | Corporate      
Net operating revenues:      
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement (64) $ (116)  
Lindley [Member]      
Net operating revenues:      
Gain (Loss) on Sale of Equity Investments 296    
Lindley [Member] | Corporate      
Net operating revenues:      
Gain (Loss) on Sale of Equity Investments 296    
Total principal notes due May 15, 2098 [Domain] | Corporate      
Net operating revenues:      
Gains (Losses) on Extinguishment of Debt $ 27