The Coca-Cola Company Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Tables)

Operating Segments (Tables)

3 Months Ended

6 Months Ended

Jun. 26, 2020

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Information about our Company's operations by operating segment and Corporate is as follows (in millions):


	Europe, Middle East & Africa			Latin America		North America		Asia Pacific			Global Ventures		Bottling Investments			Corporate		Eliminations		Consolidated
As of and for the Three Months Ended June 26, 2020
Net operating revenues:
Third party	$	1,135		$	755	$	2,647	$	1,068		$	295	$	1,262		$	(12)	$	—	$	7,150
Intersegment	75			—		1		115			—		1			—		(192)		—
Total net operating revenues	1,210			755		2,648		1,183			295		1,263			(12)		(192)		7,150
Operating income (loss)	715			504		489		652			(102)		12			(289)		—		1,981
Income (loss) before income taxes	736			444		483		661			(103)		166			(190)		—		2,197
Identifiable operating assets	8,065		¹	1,643		20,320		2,131		²	6,983		9,817		^1,2	26,795		—		75,754
Investments³	534			573		356		226			5		13,199			4,042		—		18,935
As of and for the Three Months Ended June 28, 2019
Net operating revenues:
Third party	$	1,804		$	1,003	$	3,158	$	1,350		$	635	$	2,024		$	23	$	—	$	9,997
Intersegment	126			—		4		190			—		2			—		(322)		—
Total net operating revenues	1,930			1,003		3,162		1,540			635		2,026			23		(322)		9,997
Operating income (loss)	1,038			588		711		731			73		119			(272)		—		2,988
Income (loss) before income taxes	1,062			540		729		738			75		393			(488)		—		3,049
Identifiable operating assets	8,511		¹	2,008		18,512		2,266			7,236		10,727		¹	20,424		—		69,684
Investments³	731			728		364		223			16		14,420			3,830		—		20,312
As of December 31, 2019
Identifiable operating assets	$	8,143	¹	$	1,801	$	17,687	$	2,060		$	7,265	$	11,170	¹	$	18,376	$	—	$	66,502
Investments³	543			716		358		224			14		14,093			3,931		—		19,879

¹Property, plant and equipment — net in South Africa represented 14 percent, 14 percent and 16 percent of consolidated property, plant and equipment — net as of June 26, 2020, June 28, 2019 and December 31, 2019, respectively.

²Property, plant and equipment — net in the Philippines represented 10 percent of consolidated property, plant and equipment — net as of June 26, 2020.

³Principally equity method investments and other investments in bottling companies.


	Europe, Middle East & Africa		Latin America		North America		Asia Pacific		Global Ventures		Bottling Investments		Corporate		Eliminations		Consolidated
Six Months Ended June 26, 2020
Net operating revenues:
Third party	$	2,708	$	1,685	$	5,496	$	2,057	$	868	$	2,918	$	19	$	—	$	15,751
Intersegment	227		—		2		254		—		3		—		(486)		—
Total net operating revenues	2,935		1,685		5,498		2,311		868		2,921		19		(486)		15,751
Operating income (loss)	1,675		1,043		876		1,163		(83)		75		(388)		—		4,361
Income (loss) before income taxes	1,707		979		885		1,174		(85)		364		183		—		5,207
Six Months Ended June 28, 2019
Net operating revenues:
Third party	$	3,438	$	1,899	$	5,839	$	2,410	$	1,218	$	3,832	$	55	$	—	$	18,691
Intersegment	264		—		6		317		2		4		—		(593)		—
Total net operating revenues	3,702		1,899		5,845		2,727		1,220		3,836		55		(593)		18,691
Operating income (loss)	2,016		1,084		1,297		1,273		139		219		(605)		—		5,423
Income (loss) before income taxes	2,050		1,031		1,266		1,288		143		293		(797)		—		5,274