Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Details)

v3.20.2
Comprehensive Income (Details) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 26, 2020
Jun. 28, 2019
Jun. 26, 2020
Jun. 28, 2019
Dec. 31, 2019
Mar. 29, 2019
Dec. 31, 2018
Comprehensive Income Disclosure              
Net Income (Loss) Attributable to Parent $ 1,779 $ 2,607 $ 4,554 $ 4,285      
Net Income (Loss) Attributable to Noncontrolling Interest (20) 21 0 46      
AOCI Attributable to the Shareowners of The Coca Cola Company              
Accumulated other comprehensive income (loss) (16,460) (12,981) (16,460) (12,981) $ (13,544) $ (12,325) $ (12,814)
Consolidated net income 1,759 2,628 4,554 4,331      
Other comprehensive income:              
Net foreign currency translation adjustment (714) (645) (3,335) 281      
Net gain (loss) on derivatives (26) (24) (10) (16)      
Net unrealized gain (loss) on available-for-sale securities     (19)        
Net change in pension and other benefit liabilities 41 37 47 68      
TOTAL COMPREHENSIVE INCOME (LOSS) $ 1,049 $ 2,011 $ 1,237 $ 4,694      
Common Stock Dividends, Shares 0 0 0 0      
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders $ (5) $ (15) $ (11) $ (20)      
Purchases of treasury stock   (237)   (635)      
Impact related to stock compensation plans 72 441 386 634      
Dividends, Common Stock, Cash (1,761) (1,709) (3,521) (3,418)      
Foreign currency translation adjustments:              
Translation adjustment arising during the period (894) (882) (3,175) 115      
Reclassification adjustments recognized in net income 0   3 192      
Gains (losses) on intra-entity transactions that are of a long-term-investment nature 160 323 3 36      
Gains (losses) on net investment hedges arising during the period (64) (156) 12 (3)      
Derivatives:              
Reclassification adjustments recognized in net income 49   50        
Available-for-sale securities:              
Reclassification adjustments recognized in net income (3)   (9)        
Pension and other benefit liabilities:              
Reclassification adjustments recognized in net income 43   86        
Foreign currency translation adjustments:              
Translation adjustment arising during the period 14 2 226 (71)      
Reclassification adjustments recognized in net income 0   0 0      
Gains (losses) on intra-entity transactions that are of a long-term-investment nature 0 0 0 0      
Gains (losses) on net investment hedges arising during the period 16 29 (3) 1      
Derivatives:              
Reclassification adjustments recognized in net income (12)   (12)        
Available-for-sales securities:              
Reclassification adjustments recognized in net income 1   2        
Pension and other benefit liabilities:              
Reclassification adjustments recognized in net income (10)   (21)        
Foreign currency translation adjustments:              
Translation adjustment arising during the period (880) (880) (2,949) 44      
Reclassification adjustments recognized in net income 0   3 192      
Gains (losses) on intra-entity transactions that are of a long-term-investment nature 160 323 3 36      
Gains (losses) on net investments hedges arising during the period (48) (127) 9 (2)      
Derivatives:              
Reclassification adjustments recognized in net income 37   38        
Available-for-sale securities:              
Net unrealized gain (loss) on available-for-sale securities (11) 15 (19) 30      
Reclassification adjustments recognized in net income (2)   (7)        
Pension and other benefit liabilities:              
Reclassification adjustments recognized in net income 33   65        
New Accounting Pronouncement or Change in Accounting Principle, Value, Effect of Change on Equity       (18)      
Other income (loss) - net              
Pension and other benefit liabilities:              
Recognized net actuarial loss 43   87        
Recognized prior service cost (credit) 0   (1)        
Divestitures, deconsolidations and other [Member] | Other income (loss) - net              
Foreign currency translation adjustments:              
Reclassification adjustments recognized in net income 0   3        
Foreign currency contracts | Other income (loss) - net              
Derivatives:              
Reclassification adjustments recognized in net income 44   29        
Foreign currency contracts | Net operating revenues              
Derivatives:              
Reclassification adjustments recognized in net income (3)   1        
Foreign currency and commodities contracts [Member] | Cost of goods sold              
Derivatives:              
Reclassification adjustments recognized in net income (4)   (5)        
Foreign currency and interest rate contracts | Interest Expense [Member]              
Derivatives:              
Reclassification adjustments recognized in net income 12   25        
Sale of securities | Other income (loss) - net              
Available-for-sale securities:              
Reclassification adjustments recognized in net income (3)   (9)        
Shareowners of The Coca-Cola Company              
AOCI Attributable to the Shareowners of The Coca Cola Company              
Foreign currency translation adjustments (14,204)   (14,204)   (11,270)    
Accumulated derivative net gains (losses) (219)   (219)   (209)    
Unrealized net gains (losses) on available-for-sale securities 56   56   75    
Adjustments to pension and other benefits liabilities (2,093)   (2,093)   (2,140)    
Accumulated other comprehensive income (loss) (16,460)   (16,460)   $ (13,544)    
Other comprehensive income:              
Net foreign currency translation adjustment     (2,934)        
Net gain (loss) on derivatives     (10)        
Net unrealized gain (loss) on available-for-sale securities     (19)        
Net change in pension and other benefit liabilities     47        
TOTAL COMPREHENSIVE INCOME (LOSS)     1,638        
Foreign currency translation adjustments:              
Net foreign currency translation adjustments (798) (715) (3,157) 340      
Derivatives:              
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net (88) (81) (65) (117)      
Reclassification adjustments recognized in net income 49 51 50 104      
Net gain (loss) on derivatives (39) (30) (15) (13)      
Available-for-sale securities:              
Unrealized gains (losses) arising during the period (14) 35 (22) 59      
Reclassification adjustments recognized in net income (3) (22) (9) (24)      
Net change in unrealized gain (loss) on available-for-sale securities (17) 13 (31) 35      
Pension and other benefit liabilities:              
Net pension and other benefits arising during the period 1 8 (24) 7      
Reclassification adjustments recognized in net income 43 37 86 74      
Net change in pension and other benefit liabilities 44 45 62 81      
Other Comprehensive Income (Loss) attributable to The Coca-Cola Company (810) (687) (3,141) 443      
Foreign currency translation adjustments:              
Net foreign currency translation adjustments 30 31 223 (70)      
Derivatives:              
Gains (losses) arising during the period 25 19 17 23      
Reclassification adjustments recognized in net income (12) (13) (12) (26)      
Net gain (loss) on derivatives 13 6 5 (3)      
Available-for-sales securities:              
Unrealized gains (losses) arising during the period 5 (3) 10 (10)      
Reclassification adjustments recognized in net income 1 5 2 5      
Net change in unrealized gain (loss) on available-for-sale securities 6 2 12 (5)      
Pension and other benefit liabilities:              
Net pension and other benefits arising during the period 7 1 6 5      
Reclassification adjustments recognized in net income (10) (9) (21) (18)      
Net change in pension and other benefit liabilities (3) (8) (15) (13)      
Other comprehensive income (loss) attributable to The Coca-Cola Company 46 31 225 (91)      
Foreign currency translation adjustments:              
Net foreign currency translation adjustments (768) (684) (2,934) 270      
Derivatives:              
Gains (losses) arising during the period (63) (62) (48) (94)      
Reclassification adjustments recognized in net income 37 38 38 78      
Net gain (loss) on derivatives (26) (24) (10) (16)      
Available-for-sale securities:              
Net unrealized gain (loss) on available-for-sale securities (9) 32 (12) 49      
Reclassification adjustments recognized in net income (2) (17) (7) (19)      
Net change in unrealized gain (loss) on available-for-sale securities (11) 15 (19) 30      
Pension and other benefit liabilities:              
Net pension and other benefits arising during the period 8 9 (18) 12      
Reclassification adjustments recognized in net income 33 28 65 56      
Net change in pension and other benefit liabilities 41 37 47 68      
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net (88) (81) (65) (117)      
Other comprehensive income (loss) attributable to The Coca-Cola Company (764) (656) (2,916) 352      
Noncontrolling Interests              
Other comprehensive income:              
Net foreign currency translation adjustment     (401)        
Net gain (loss) on derivatives     0        
Net unrealized gain (loss) on available-for-sale securities     0        
Net change in pension and other benefit liabilities     0        
TOTAL COMPREHENSIVE INCOME (LOSS) $ 34 $ 60 $ (401) $ 57      
Common Stock Dividends, Shares 0 0 0 0      
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders $ (5) $ (15) $ (11) $ (20)      
Purchases of treasury stock   0   0      
Impact related to stock compensation plans 0 0 0 0      
Dividends, Common Stock, Cash 0 0 0 0      
Pension and other benefit liabilities:              
New Accounting Pronouncement or Change in Accounting Principle, Value, Effect of Change on Equity       0      
AOCI Attributable to Parent [Member]              
Other comprehensive income:              
TOTAL COMPREHENSIVE INCOME (LOSS) (764) (656) (2,916) 352      
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders 0 0 0 0      
Purchases of treasury stock   0   0      
Impact related to stock compensation plans 0 0 0 0      
Dividends, Common Stock, Cash $ 0 $ 0 $ 0 0      
Pension and other benefit liabilities:              
New Accounting Pronouncement or Change in Accounting Principle, Value, Effect of Change on Equity       $ (519)