Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Details)

v3.20.2
Operating Segments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 26, 2020
Mar. 27, 2020
Jun. 28, 2019
Jun. 26, 2020
Jun. 28, 2019
Dec. 31, 2019
Operations, Reportable Information, by Operating Segment            
Property, Plant and Equipment, Net Percentage 14.00%   14.00% 14.00% 14.00% 16.00%
Net operating revenues:            
Third Party $ 7,150   $ 9,997 $ 15,751 $ 18,691  
Intersegment 0   0 0 0  
Revenues 7,150   9,997 15,751 18,691  
Operating Income (Loss) 1,981   2,988 4,361 5,423  
Income (loss) before income taxes 2,197   3,049 5,207 5,274  
Identifiable operating assets 75,754   69,684 75,754 69,684 $ 66,502
Noncurrent investments 18,935   20,312 18,935 20,312 19,879
Productivity, integration and restructuring initiatives     55 61 123  
Gain (Loss) on Sale of Equity Investments       18    
Impairment of Intangible Assets (Excluding Goodwill)     0      
Other operating charges 173   92 375 219  
Tax litigation expense         2  
Equity Method Investment, Other than Temporary Impairment 38   49 38 392  
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees 63   26 101 68  
EMEA [Member]            
Net operating revenues:            
Third Party 1,135   1,804 2,708 3,438  
Intersegment 75   126 227 264  
Revenues 1,210   1,930 2,935 3,702  
Operating Income (Loss) 715   1,038 1,675 2,016  
Income (loss) before income taxes 736   1,062 1,707 2,050  
Identifiable operating assets 8,065   8,511 8,065 8,511 8,143
Noncurrent investments 534   731 534 731 543
Productivity, integration and restructuring initiatives         1  
Latin America [Member]            
Net operating revenues:            
Third Party 755   1,003 1,685 1,899  
Intersegment 0   0 0 0  
Revenues 755   1,003 1,685 1,899  
Operating Income (Loss) 504   588 1,043 1,084  
Income (loss) before income taxes 444   540 979 1,031  
Identifiable operating assets 1,643   2,008 1,643 2,008 1,801
Noncurrent investments 573   728 573 728 716
Equity Method Investment, Other than Temporary Impairment 38   49 38 49  
North America [Member]            
Net operating revenues:            
Third Party 2,647   3,158 5,496 5,839  
Intersegment 1   4 2 6  
Revenues 2,648   3,162 5,498 5,845  
Operating Income (Loss) 489   711 876 1,297  
Income (loss) before income taxes 483   729 885 1,266  
Identifiable operating assets 20,320   18,512 20,320 18,512 17,687
Noncurrent investments 356   364 356 364 358
Productivity, integration and restructuring initiatives     13   30  
Impairment of Intangible Assets (Excluding Goodwill) 63     215 0  
Equity Method Investment, Other than Temporary Impairment         57  
North America [Member] | Operating Income (Loss) [Member]            
Net operating revenues:            
Business Exit Costs 25          
North America [Member] | Nonoperating Income (Expense) [Member]            
Net operating revenues:            
Business Exit Costs 44          
Asia Pacific [Member]            
Net operating revenues:            
Third Party 1,068   1,350 2,057 2,410  
Intersegment 115   190 254 317  
Revenues 1,183   1,540 2,311 2,727  
Operating Income (Loss) 652   731 1,163 1,273  
Income (loss) before income taxes 661   738 1,174 1,288  
Identifiable operating assets 2,131   2,266 2,131 2,266 2,060
Noncurrent investments 226   223 226 223 224
Global Ventures [Member]            
Net operating revenues:            
Third Party 295   635 868 1,218  
Intersegment 0   0 0 2  
Revenues 295   635 868 1,220  
Operating Income (Loss) (102)   73 (83) 139  
Income (loss) before income taxes (103)   75 (85) 143  
Identifiable operating assets 6,983   7,236 6,983 7,236 7,265
Noncurrent investments 5   16 5 16 14
Bottling investments [Member]            
Net operating revenues:            
Third Party 1,262   2,024 2,918 3,832  
Intersegment 1   2 3 4  
Revenues 1,263   2,026 2,921 3,836  
Operating Income (Loss) 12   119 75 219  
Income (loss) before income taxes 166   393 364 293  
Identifiable operating assets 9,817   10,727 9,817 10,727 11,170
Noncurrent investments 13,199   14,420 13,199 14,420 14,093
Productivity, integration and restructuring initiatives     1   3  
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees     24 72 66  
Corporate            
Net operating revenues:            
Third Party (12)   23 19 55  
Intersegment 0   0 0 0  
Revenues (12)   23 19 55  
Operating Income (Loss) (289)   (272) (388) (605)  
Income (loss) before income taxes (190)   (488) 183 (797)  
Identifiable operating assets 26,795   20,424 26,795 20,424 18,376
Noncurrent investments 4,042   3,830 4,042 3,830 3,931
Productivity, integration and restructuring initiatives 22   41 61 89  
Gain (Loss) on Sale of Equity Investments       18    
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 247   10 (144) 159  
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees         2  
Change to Plan of Sale Asset Adjustment     160   160  
Intersegment Eliminations [Member]            
Net operating revenues:            
Third Party 0   0 0 0  
Intersegment (192)   (322) (486) (593)  
Revenues (192)   (322) (486) (593)  
Operating Income (Loss) 0   0 0 0  
Income (loss) before income taxes 0   0 0 0  
Identifiable operating assets 0   0 0 0 0
Noncurrent investments 0   0 0 0 $ 0
Corporation [Member]            
Net operating revenues:            
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees     2      
North America Territory [Member] | Bottling investments [Member]            
Net operating revenues:            
Costs incurred to refranchise of certain bottler interests     29   40  
fairlife [Member]            
Net operating revenues:            
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain   $ 902        
fairlife [Member] | Corporate            
Net operating revenues:            
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 18     29    
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain       902    
Costa [Member]            
Net operating revenues:            
Other operating charges         46  
Costa [Member] | Corporate            
Net operating revenues:            
Other operating charges         46  
CHI [Member] | Corporate            
Net operating revenues:            
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss         121  
Andina [Member] | Corporate            
Net operating revenues:            
Gain (Loss) on Sale of Equity Investments         39  
Coca-Cola Bottlers Japan Holdings [Member] | Bottling investments [Member]            
Net operating revenues:            
Equity Method Investment, Other than Temporary Impairment         286  
Odwalla [Member] | North America [Member]            
Net operating revenues:            
Impairment of Intangible Assets (Excluding Goodwill) 8     160    
Business Exit Costs 39          
Odwalla [Member] | North America [Member] | Operating Income (Loss) [Member]            
Net operating revenues:            
Business Exit Costs       39    
North America Territory [Member] | North America [Member]            
Net operating revenues:            
Asset Impairment Charges $ 55     $ 55    
North America Territory [Member] | Bottling investments [Member]            
Net operating revenues:            
Costs incurred to refranchise of certain bottler interests     $ 29   $ 40