The Coca-Cola Company Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- DOCUMENT AND ENTITY INFORMATION Document
Financial Statements
Notes to Financial Statements
Accounting Policies
- BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details 5)

v3.20.4

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details 5) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure
Contributions expected to be made in next fiscal year	$ 25
Estimated future benefit payments for funded and unfunded plans
2021	717
2022	493
2023	526
2024	534
2025	541
2026-2030	2,718
Estimated federal subsidies expected to be received under the Medicare Prescription Drug, Improvement and Modernization Act of 2003, for the period 2021-2025	2
Estimated federal subsidies expected to be received under the Medicare Prescription Drug, Improvement and Modernization Act of 2003, for the period 2026-2030	$ 2
Assumed health care cost trend rates
Health care cost trend rate assumed for the next year (as a percent)	6.75%	6.75%
Rate at which the cost trend rate is assumed to decline, the ultimate trend rate (as a percent)	5.25%	5.25%
Year in which the rate reaches the ultimate trend rate	2025	2025
Pension benefits
Estimated future benefit payments for funded and unfunded plans
2021	$ 657
2022	437
2023	472
2024	483
2025	491
2026-2030	2,492
Other benefits
Estimated future benefit payments for funded and unfunded plans
2021	60
2022	56
2023	54
2024	51
2025	50
2026-2030	$ 226

- Definition

Amount of prescription drug subsidy receipts expected to be received in the first five years after the balance sheet date.

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- Definition

Amount of benefit for defined benefit plan expected to be paid in five fiscal years after fifth fiscal year following current fiscal year.

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Amount of benefit for defined benefit plan expected to be paid in fifth fiscal year following current fiscal year.

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Amount of benefit for defined benefit plan expected to be paid in second fiscal year following current fiscal year.

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- Definition

Amount of contribution expected to be received by defined benefit plan from employer in next fiscal year following current fiscal year.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
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Assumed rate, for next fiscal year, based on annual change in cost of health care cost benefits used to measure expected cost of benefits covered by defined benefit postretirement plan. Factors include, but are not limited to, estimate of health care inflation, change in health care utilization or delivery pattern, technological advances, and change in health status of participant. Excludes factors for change in composition of plan population by age and dependency status.

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Ultimate trend rate for health care cost for defined benefit postretirement plan.

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- Definition

Amount of prescription drug subsidy receipt expected after fifth fiscal year following current fiscal year.

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