CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 25, 2020 |
Sep. 27, 2019 |
Sep. 25, 2020 |
Sep. 27, 2019 |
|
| Revenues | $ 8,652 | $ 9,507 | $ 24,403 | $ 28,198 |
| Cost of Goods Sold | 3,471 | 3,767 | 9,855 | 11,053 |
| GROSS PROFIT | 5,181 | 5,740 | 14,548 | 17,145 |
| Selling, general and administrative expenses | 2,511 | 3,116 | 7,142 | 8,879 |
| Other operating charges | 372 | 125 | 747 | 344 |
| OPERATING INCOME | 2,298 | 2,499 | 6,659 | 7,922 |
| Interest income | 82 | 153 | 294 | 428 |
| Interest expense | 660 | 230 | 1,127 | 711 |
| Equity income (loss) - net | 431 | 346 | 774 | 808 |
| Other income (loss) — net | 30 | 324 | 788 | (81) |
| INCOME BEFORE INCOME TAXES | 2,181 | 3,092 | 7,388 | 8,366 |
| Income taxes | 441 | 503 | 1,094 | 1,446 |
| CONSOLIDATED NET INCOME | 1,740 | 2,589 | 6,294 | 6,920 |
| Net Income (Loss) Attributable to Noncontrolling Interest | 3 | (4) | 3 | 42 |
| NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY | $ 1,737 | $ 2,593 | $ 6,291 | $ 6,878 |
| BASIC NET INCOME PER SHARE (in dollars per share) | $ 0.40 | $ 0.61 | $ 1.47 | $ 1.61 |
| DILUTED NET INCOME PER SHARE (in dollars per share) | $ 0.40 | $ 0.60 | $ 1.46 | $ 1.60 |
| AVERAGE SHARES OUTSTANDING (in shares) | 4,296,000,000 | 4,280,000,000 | 4,293,000,000 | 4,273,000,000 |
| Effect of dilutive securities (in shares) | 25,000,000 | 41,000,000 | 28,000,000 | 38,000,000 |
| AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) | 4,321,000,000 | 4,321,000,000 | 4,321,000,000 | 4,311,000,000 |
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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