The Coca-Cola Company Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

OPERATING SEGMENTS (Tables)

OPERATING SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2019

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,	2019		2018		2017
Concentrate operations	55	%	58	%	50	%
Finished product operations	45		42		50
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,	2019		2018		2017
United States	$	11,715	$	11,344	$	14,727
International	25,551		22,956		21,485
Net operating revenues	$	37,266	$	34,300	$	36,212

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



Year Ended December 31,	2019		2018		2017
United States	$	4,062	$	4,154	$	4,163
International	6,776		5,444		5,475
Property, plant and equipment — net	$	10,838	$	9,598	$	9,638

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, 2019, 2018 and 2017 is as follows (in millions):



	Europe, Middle East & Africa			Latin America			North America			Asia Pacific		Global Ventures			Bottling Investments				Corporate			Eliminations			Consolidated
2019
Net operating revenues:
Third party	$	6,434		$	4,118		$	11,906		$	4,723	$	2,560		$	7,431			$	94		$	—		$	37,266
Intersegment	624			—			9			604		2			9				—			(1,248		)	—
Total net operating revenues	7,058			4,118			11,915			5,327		2,562			7,440				94			(1,248		)	37,266
Operating income (loss)	3,551			2,375			2,594			2,282		334			358				(1,408		)	—			10,086
Interest income	—			—			65			—		12			—				486			—			563
Interest expense	—			—			—			—		—			—				946			—			946
Depreciation and amortization	86			35			439			31		117			446				211			—			1,365
Equity income (loss) — net	35			(32		)	(6		)	11		(3		)	836				208			—			1,049
Income (loss) before income taxes	3,361			2,288			2,592			2,310		343			716				(824		)	—			10,786
Identifiable operating assets	8,143		¹	1,801			17,687			2,060		7,265			11,170			¹	18,376			—			66,502
Investments²	543			716			358			224		14			14,093				3,931			—			19,879
Capital expenditures	108			140			392			47		209			836				322			—			2,054
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 assets	7,414		¹	1,715			17,519			1,996		968			10,525			¹	22,800			—			62,937
Investments²	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
Capital expenditures	77			55			541			50		4			737				286			—			1,750

¹Property, plant and equipment — net in South Africa represented 16 percent and 14 percent of consolidated property, plant and equipment — net in 2019 and 2018, respectively.

²Principally equity method investments and other investments in bottling companies.