Annual report pursuant to Section 13 and 15(d)

OPERATING SEGMENTS (Tables)

v3.20.4
OPERATING SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2020
Segment Reporting Information [Line Items]  
Schedule of total net operating revenues related to concentrate and finished products operation
The following table sets forth the percentage of total net operating revenues attributable to concentrate operations and finished product operations:
Year Ended December 31, 2020 2019 2018
Concentrate operations 56  % 55  % 58  %
Finished product operations 44  45  42 
Total 100  % 100  % 100  %
Schedule of net revenue and property plant and equipment by Geography
The following table provides information related to our net operating revenues (in millions):
Year Ended December 31, 2020 2019 2018
United States $ 11,281  $ 11,715  $ 11,344 
International 21,733  25,551  22,956 
Net operating revenues $ 33,014  $ 37,266  $ 34,300 
The following table provides information related to our property, plant and equipment — net (in millions):
Year Ended December 31, 2020 2019 2018
United States $ 3,988  $ 4,062  $ 4,154 
International 6,789  6,776  5,444 
Property, plant and equipment — net $ 10,777  $ 10,838  $ 9,598 
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Information about our Company's operations by operating segment and Corporate as of and for the years ended December 31, 2020, 2019 and 2018 is as follows (in millions):
Europe,
Middle East & Africa		 Latin
America		 North
America		 Asia Pacific Global Ventures Bottling
Investments		 Corporate Eliminations Consolidated
2020                
Net operating revenues:                
   Third party $ 5,534  $ 3,499  $ 11,473  $ 4,213 

$ 1,991  $ 6,258  $ 46  $ —  $ 33,014 
   Intersegment 523  —  4  509  —  7  —  (1,043) — 
   Total net operating revenues 6,057  3,499  11,477  4,722  1,991  6,265  46  (1,043) 33,014 
Operating income (loss) 3,313  2,116  2,471  2,133  (123) 308  (1,221) —  8,997 
Interest income —  —  64  —  11  —  295  —  370 
Interest expense —  —  —  —  —  —  1,437  —  1,437 
Depreciation and amortization 86  45  439  47  122  551  246  —  1,536 
Equity income (loss) — net 31  (72) —  8  (9) 779  241  —  978 
Income (loss) before income taxes 3,379  2,001  2,500  2,158  (120) 898  (1,067) —  9,749 
Identifiable operating assets 8,098 
2
 1,597  19,444  2,073 
3
 7,575  10,521 
2,3
 17,903  —  67,211 
Investments1
517  603  345  240  4  14,183  4,193  —  20,085 
Capital expenditures 27  6  182  20  261  474  207  —  1,177 
2019                
Net operating revenues:                
   Third party $ 6,434  $ 4,118  $ 11,906  $ 4,723  $ 2,560  $ 7,431  $ 94  $ —  $ 37,266 
   Intersegment 624  —  9  604  2  9  —  (1,248) — 
   Total net operating revenues 7,058  4,118  11,915  5,327  2,562  7,440  94  (1,248) 37,266 
Operating income (loss) 3,551  2,375  2,594  2,282  334  358  (1,408) —  10,086 
Interest income —  —  65  —  12  —  486  —  563 
Interest expense —  —  —  —  —  —  946  —  946 
Depreciation and amortization 86  35  439  31  117  446  211  —  1,365 
Equity income (loss) — net 35  (32) (6) 11  (3) 836  208  —  1,049 
Income (loss) before income taxes 3,361  2,288  2,592  2,310  343  716  (824) —  10,786 
Identifiable operating assets 8,143 
2
 1,801  17,687  2,060  7,265  11,170 
2
 18,376  —  66,502 
Investments1
543  716  358  224  14  14,093  3,931  —  19,879 
Capital expenditures 108  140  392  47  209  836  322  —  2,054 
2018    
Net operating revenues:    
   Third party $ 6,535  $ 3,971  $ 11,370  $ 4,797  $ 767  $ 6,768  $ 92  $ —  $ 34,300 
   Intersegment 564  39  260  388  3  19  —  (1,273) — 
   Total net operating revenues 7,099  4,010  11,630  5,185  770  6,787  92  (1,273) 34,300 
Operating income (loss) 3,693  2,318  2,318  2,271  152  (197) (1,403) —  9,152 
Interest income —  —  57  —  13  —  619  —  689 
Interest expense —  —  —  —  —  —  950  —  950 
Depreciation and amortization 77  30  422  58  8  239  252  —  1,086 
Equity income (loss) — net 2  (19) (2) 12  —  828  187  —  1,008 
Income (loss) before income taxes 3,386  2,243  2,345  2,298  165  (159) (2,053) —  8,225 
Capital expenditures 66  90  429  31  11  517  404  —  1,548 
1 Principally equity method investments and other investments in bottling companies.
2 Property, plant and equipment — net in South Africa represented 15 percent and 16 percent of consolidated property, plant and equipment — net in 2020 and 2019, respectively.
3 Property, plant and equipment — net in the Philippines represented 10 percent of consolidated property, plant and equipment — net in 2020.