Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Details)

v3.20.2
Operating Segments (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 25, 2020
Mar. 27, 2020
Sep. 27, 2019
Sep. 25, 2020
Sep. 27, 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 $ 8,652   $ 9,507 $ 24,403 $ 28,198  
Intersegment 0   0 0 0  
Revenues 8,652   9,507 24,403 28,198  
Operating Income (Loss) 2,298   2,499 6,659 7,922  
Income (loss) before income taxes 2,181   3,092 7,388 8,366  
Identifiable operating assets 77,597   67,866 77,597 67,866 $ 66,502
Noncurrent investments 19,587   19,567 19,587 19,567 19,879
Productivity, integration and restructuring initiatives     61   184  
Gain (Loss) on Sale of Equity Investments       18    
Other operating charges 372   125 747 344  
Equity Method Investment, Other than Temporary Impairment 0   375 38 767  
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees $ 27   39 128 107  
Gain (Loss) on Extinguishment of Debt       $ (397)    
Proceeds from Sale of Buildings     739   739  
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount     0   0  
Property, Plant and Equipment, Net Percentage Philippines 10.00%     10.00%    
Strategic Realignment            
Net operating revenues:            
Productivity, integration and restructuring initiatives $ 343          
Productivity and Reinvestment [Member]            
Net operating revenues:            
Productivity, integration and restructuring initiatives 10     $ 71    
EMEA [Member]            
Net operating revenues:            
Third Party 1,556   1,672 4,264 5,110  
Intersegment 137   156 364 420  
Revenues 1,693   1,828 4,628 5,530  
Operating Income (Loss) 903   886 2,578 2,902  
Income (loss) before income taxes 925   651 2,632 2,701  
Identifiable operating assets 8,283   8,363 8,283 8,363 8,143
Noncurrent investments 544   483 544 483 543
Equity Method Investment, Other than Temporary Impairment     255   255  
Restructuring Reserve, Accrual Adjustment 3     3    
EMEA [Member] | Strategic Realignment            
Net operating revenues:            
Productivity, integration and restructuring initiatives 41     41    
EMEA [Member] | Productivity and Reinvestment [Member]            
Net operating revenues:            
Productivity, integration and restructuring initiatives     1   2  
Latin America [Member]            
Net operating revenues:            
Third Party 809   1,045 2,494 2,944  
Intersegment 0   0 0 0  
Revenues 809   1,045 2,494 2,944  
Operating Income (Loss) 483   603 1,526 1,687  
Income (loss) before income taxes 476   605 1,455 1,636  
Identifiable operating assets 1,647   1,895 1,647 1,895 1,801
Noncurrent investments 577   719 577 719 716
Equity Method Investment, Other than Temporary Impairment       38 49  
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees       28    
Latin America [Member] | Strategic Realignment            
Net operating revenues:            
Productivity, integration and restructuring initiatives 22     22    
North America [Member]            
Net operating revenues:            
Third Party 3,087   3,137 8,583 8,976  
Intersegment 1   1 3 7  
Revenues 3,088   3,138 8,586 8,983  
Operating Income (Loss) 727   641 1,603 1,938  
Income (loss) before income taxes 738   658 1,623 1,924  
Identifiable operating assets 19,983   17,895 19,983 17,895 17,687
Noncurrent investments 356   365 356 365 358
Impairment of Intangible Assets (Excluding Goodwill) 0     215    
Equity Method Investment, Other than Temporary Impairment         57  
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees       1    
Business Exit Costs       21    
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount       26    
North America [Member] | Strategic Realignment            
Net operating revenues:            
Productivity, integration and restructuring initiatives 121     121    
North America [Member] | Productivity and Reinvestment [Member]            
Net operating revenues:            
Productivity, integration and restructuring initiatives     12   42  
North America [Member] | Operating Income (Loss) [Member]            
Net operating revenues:            
Business Exit Costs 23     48    
North America [Member] | Nonoperating Income (Expense) [Member]            
Net operating revenues:            
Business Exit Costs 25     69    
Asia Pacific [Member]            
Net operating revenues:            
Third Party 1,207   1,319 3,264 3,729  
Intersegment 127   143 381 460  
Revenues 1,334   1,462 3,645 4,189  
Operating Income (Loss) 564   594 1,727 1,867  
Income (loss) before income taxes 575   603 1,749 1,891  
Identifiable operating assets 2,143   2,118 2,143 2,118 2,060
Noncurrent investments 236   223 236 223 224
Impairment of Intangible Assets (Excluding Goodwill)     42   42  
Asia Pacific [Member] | Strategic Realignment            
Net operating revenues:            
Productivity, integration and restructuring initiatives 32     32    
Global Ventures [Member]            
Net operating revenues:            
Third Party 513   629 1,381 1,847  
Intersegment 0   0 0 2  
Revenues 513   629 1,381 1,849  
Operating Income (Loss) (31)   77 (114) 216  
Income (loss) before income taxes (29)   80 (114) 223  
Identifiable operating assets 7,453   6,935 7,453 6,935 7,265
Noncurrent investments 6   14 6 14 14
Bottling investments [Member]            
Net operating revenues:            
Third Party 1,474   1,681 4,392 5,513  
Intersegment 1   3 4 7  
Revenues 1,475   1,684 4,396 5,520  
Operating Income (Loss) 55   7 130 226  
Income (loss) before income taxes 398   55 762 348  
Identifiable operating assets 9,851   10,456 9,851 10,456 11,170
Noncurrent investments 13,765   13,892 13,765 13,892 14,093
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees 27   39 99 105  
Bottling investments [Member] | Productivity and Reinvestment [Member]            
Net operating revenues:            
Productivity, integration and restructuring initiatives         3  
Corporate            
Net operating revenues:            
Third Party 6   24 25 79  
Intersegment 0   0 0 0  
Revenues 6   24 25 79  
Operating Income (Loss) (403)   (309) (791) (914)  
Income (loss) before income taxes (902)   440 (719) (357)  
Identifiable operating assets 28,237   20,204 28,237 20,204 18,376
Noncurrent investments 4,103   3,871 4,103 3,871 3,931
Productivity, integration and restructuring initiatives 13     74    
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 13   38 (127) 197  
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees         2  
Change to Plan of Sale Asset Adjustment         160  
Proceeds from Sale of Buildings     739   739  
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount 0     26    
Charges related to the extinguishment of long-term debt 405     405    
Corporate | Productivity and Reinvestment [Member]            
Net operating revenues:            
Productivity, integration and restructuring initiatives     48   137  
Corporate | Operating Income (Loss) [Member] | Strategic Realignment            
Net operating revenues:            
Productivity, integration and restructuring initiatives 116     116    
Corporate | Nonoperating Income (Expense) [Member] | Strategic Realignment            
Net operating revenues:            
Productivity, integration and restructuring initiatives 127     127    
Intersegment Eliminations [Member]            
Net operating revenues:            
Third Party 0   0 0 0  
Intersegment (266)   (303) (752) (896)  
Revenues (266)   (303) (752) (896)  
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
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     47    
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     120   406  
Odwalla [Member] | North America [Member]            
Net operating revenues:            
Impairment of Intangible Assets (Excluding Goodwill)       160    
Restructuring Reserve, Accrual Adjustment $ 2          
Odwalla [Member] | North America [Member] | Operating Income (Loss) [Member]            
Net operating revenues:            
Business Exit Costs       37    
North America Territory [Member]            
Net operating revenues:            
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal     19   15  
North America Territory [Member] | North America [Member]            
Net operating revenues:            
Asset Impairment Charges       $ 55    
North America Territory [Member] | Bottling investments [Member]            
Net operating revenues:            
Costs incurred to refranchise of certain bottler interests     21   61  
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal     $ (103)   $ (107)