Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details)

v3.20.4
INCOME TAXES (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Schedule of income tax        
Effective Income Tax Rate Reconciliation, Tax Contingency, Foreign, Amount $ 110 $ 199    
Effective Income Tax Rate Reconciliation, Tax Contingency, Foreign, Percent 1.10% 1.90%    
Effective Income Tax Rate Reconciliation, Tax Contingency, Percent   1.20% 1.50%  
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount $ 431 $ 184    
Effective Income Tax Rate Reconciliation, Tax Contingency, Other, Percent 4.40% 1.70%    
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount $ (107) $ (145)    
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent 1.10% 1.40%    
Effective Income Tax Rate Reconciliation, Tax Contingency, Domestic, Amount $ 135 $ 89    
Effective Income Tax Rate Reconciliation, Tax Contingency, Domestic, Percent 1.40% 0.80%    
Equity Method Investment, Other than Temporary Impairment   $ 710 $ 591  
Income before income taxes, United States $ 3,149 3,249 888  
Income before income taxes, International 6,600 7,537 7,337  
Asset Impairment Charges 290 767    
INCOME BEFORE INCOME TAXES 9,749 10,786 8,225  
Income tax payments $ 1,268 $ 2,126 $ 2,120  
Reconciliation of the statutory U.S. federal tax rate and effective tax rates        
Statutory U.S. federal tax rate (as a percent) 21.00% 21.00% 21.00%  
State and local income taxes - net of federal benefit (as a percent) 1.10% 0.90% 1.50%  
Earnings in jurisdictions taxed at rates different from the statutory U.S. federal rate (as a percent) 0.90% 1.10% 3.10%  
Equity income or loss (as a percent) (1.40%) (1.60%) (2.50%)  
Effective Income Tax Rate Reconciliation, Repatriation Foreign Earnings, Jobs Creation Act of 2004, Percent 0.00% 0.00% 0.10%  
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-based Payment Arrangement, Percent (0.80%) (0.90%) (1.30%)  
Other - Net (as a percent) (0.50%) (3.80%) (0.60%)  
Effective Tax Rate (as a percent) 20.30% 16.70% 21.30%  
Income Tax (Expense) Benefit, Continuing Operations, Government Grants $ 317 $ 335 $ 318  
Income tax expense (benefit)        
Current income tax expense (benefit), United States 296 508 591  
Deferred income tax expense (benefit), United States (220) (65) (386)  
Income taxes 1,981 1,801 1,749  
Current income tax expense (benefit), State and Local 396 94 145  
Deferred income tax expense (benefit), State and Local 21 52 (81)  
Current income tax expense (benefit), International 1,307 1,479 1,426  
Deferred income tax expense (benefit), International 181 (267) 54  
Current income tax expense (benefit), total 1,999 2,081 2,162  
Deferred income tax expense (benefit), total (18) (280) (413)  
Undistributed Earnings of Foreign Subsidiaries 5,700      
Gross balance of unrecognized tax benefit        
Beginning balance of unrecognized tax benefits 392 336 331  
Increase related to prior period tax positions 528 204 11  
Decrease related to prior period tax positions (1) 0 (2)  
Increase related to current period tax positions 26 29 17  
Decrease related to settlements with taxing authorities (19) (174) (4)  
Increase (decrease) due to effect of foreign currency exchange rate changes (11) (3) (17)  
Ending balance of unrecognized tax benefits 915 392 336 $ 331
Alternative jurisdictional tax benefits if tax positions do not prevail 327      
Impact of unrecognized tax benefits on effective tax rate if Company were to prevail on all uncertain tax positions 588      
Unrecognized tax benefits, interest and penalties accrued 391 201 190  
Unrecognized tax benefits, interest and penalties expense or (benefit) 190 11 13  
Undistributed earnings of foreign subsidiaries 41,000      
Bottling Investments        
Schedule of income tax        
Equity Method Investment, Other than Temporary Impairment 252   205  
INCOME BEFORE INCOME TAXES 898 716 (159)  
Reconciliation of the statutory U.S. federal tax rate and effective tax rates        
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal   (105) (476)  
Corporate        
Schedule of income tax        
INCOME BEFORE INCOME TAXES $ (1,067) (824) $ (2,053)  
Income tax expense (benefit)        
Proceeds from Sale of Buildings   $ 739    
Coca-Cola Beverage Africa [Member]        
Schedule of income tax        
Effective Income Tax Rate Reconciliation, Tax Contingency, Percent 2.40%   1.90%  
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount $ (40)      
Asset Impairment Charges     $ 554  
CCBA [Domain]        
Schedule of income tax        
Effective Income Tax Rate Reconciliation, Tax Contingency, Percent   1.50%    
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount   $ 199    
Equity Method Investment, Other than Temporary Impairment 0      
Asset Impairment Charges     554  
CCBA [Domain] | Corporate        
Schedule of income tax        
Equity Method Investment, Other than Temporary Impairment   $ 160    
Asset Impairment Charges     $ 554  
fairlife [Member] | Corporate        
Income tax expense (benefit)        
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain $ 902      
Tax Reform Act [Member]        
Reconciliation of the statutory U.S. federal tax rate and effective tax rates        
Effective Income Tax Rate Reconciliation, Repatriation Foreign Earnings, Jobs Creation Act of 2004, Percent     0.10%  
Income tax expense (benefit)        
Current income tax expense (benefit), United States     $ 300 4,600
Deferred income tax expense (benefit), State and Local     (300) $ 600
Current income tax expense (benefit), total     8  
North America Territory [Member]        
Schedule of income tax        
Asset Impairment Charges     450  
North America Territory [Member] | Bottling Investments        
Schedule of income tax        
Asset Impairment Charges     $ 450  
Bottling Operations [Member]        
Reconciliation of the statutory U.S. federal tax rate and effective tax rates        
Other - Net (as a percent)     1.40%  
Income tax expense (benefit)        
Current income tax expense (benefit), total     $ 28  
Other Restructuring Costs     $ 403