Annual report pursuant to Section 13 and 15(d)

OPERATING SEGMENTS (Details 2)

v3.20.4
OPERATING SEGMENTS (Details 2) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net operating revenues:      
Revenue for Reportable Segments $ 33,014 $ 37,266 $ 34,300
Intersegment Revenue 0 0 0
Revenues 33,014 37,266 34,300
Operating Income (Loss) 8,997 10,086 9,152
Interest income 370 563 689
Interest expense 1,437 946 950
Depreciation and amortization 1,536 1,365 1,086
Equity income (loss) - net 978 1,049 1,008
Income (loss) before income taxes 9,749 10,786 8,225
Identifiable operating assets 67,211 66,502  
Investments 20,085 19,879  
Capital expenditures $ 1,177 $ 2,054 1,548
Ratio of net property, plant and equipment in South Africa to total consolidated property, plant and equipment - net (as a percent) 15.00% 16.00%  
Productivity, integration and restructuring initiatives     440
Litigation Settlement, Expense     33
Asset Impairment Charges $ 290 $ 767  
Derivative, Gain (Loss) on Derivative, Net     (79)
Our proportionate share of unusual or infrequent items recorded by our equity method investees 216 100 111
Gains (Losses) on Extinguishment of Debt (459) 27  
Equity Method Investment, Other than Temporary Impairment   710 591
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 148   (278)
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss     32
Other General Expense     19
Gain (Loss) on Sale of Equity Investments $ (2)    
Property, Plant and Equipment, Net Percentage Philippines 10.00%    
Lindley [Member]      
Net operating revenues:      
Gain (Loss) on Sale of Equity Investments   296
CCBA [Domain]      
Net operating revenues:      
Asset Impairment Charges     554
Equity Method Investment, Other than Temporary Impairment $ 0    
Russian juice operations [Member]      
Net operating revenues:      
Loss due to reversal of cumulative translation adjustment     33
Latin America Bottling Operations [Member]      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal   47
North America Territory [Member]      
Net operating revenues:      
Other Restructuring Costs     240
Gain (loss) on refranchised territories and/or bottler disposal   17 (91)
Bottling Operations [Member]      
Net operating revenues:      
Other Restructuring Costs     403
EMEA      
Net operating revenues:      
Revenue for Reportable Segments 5,534 6,434 6,535
Intersegment Revenue 523 624 564
Revenues 6,057 7,058 7,099
Operating Income (Loss) 3,313 3,551 3,693
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 86 86 77
Equity income (loss) - net 31 35 2
Income (loss) before income taxes 3,379 3,361 3,386
Identifiable operating assets 8,098 8,143  
Investments 517 543  
Capital expenditures 27 108 66
Productivity, integration and restructuring initiatives   2  
Equity Method Investment, Other than Temporary Impairment   255 334
Refinement of previously established accruals - credit (5)   (3)
Latin America      
Net operating revenues:      
Revenue for Reportable Segments 3,499 4,118 3,971
Intersegment Revenue 0 0 39
Revenues 3,499 4,118 4,010
Operating Income (Loss) 2,116 2,375 2,318
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 45 35 30
Equity income (loss) - net (72) (32) (19)
Income (loss) before income taxes 2,001 2,288 2,243
Identifiable operating assets 1,597 1,801  
Investments 603 716  
Capital expenditures 6 140 90
Productivity, integration and restructuring initiatives   1 4
Our proportionate share of unusual or infrequent items recorded by our equity method investees 70    
Equity Method Investment, Other than Temporary Impairment 38 49 52
North America      
Net operating revenues:      
Revenue for Reportable Segments 11,473 11,906 11,370
Intersegment Revenue 4 9 260
Revenues 11,477 11,915 11,630
Operating Income (Loss) 2,471 2,594 2,318
Interest income 64 65 57
Interest expense 0 0 0
Depreciation and amortization 439 439 422
Equity income (loss) - net 0 (6) (2)
Income (loss) before income taxes 2,500 2,592 2,345
Identifiable operating assets 19,444 17,687  
Investments 345 358  
Capital expenditures 182 392 429
Productivity, integration and restructuring initiatives   62 175
Impairment of Intangible Assets (Excluding Goodwill) 215    
Our proportionate share of unusual or infrequent items recorded by our equity method investees 1    
Cost incurred to convert bottling agreements   4 34
Equity Method Investment, Other than Temporary Impairment   57  
Business Exit Costs 25    
North America | Odwalla [Member]      
Net operating revenues:      
Impairment of Intangible Assets (Excluding Goodwill) 160    
Asia Pacific      
Net operating revenues:      
Revenue for Reportable Segments 4,213 4,723 4,797
Intersegment Revenue 509 604 388
Revenues 4,722 5,327 5,185
Operating Income (Loss) 2,133 2,282 2,271
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 47 31 58
Equity income (loss) - net 8 11 12
Income (loss) before income taxes 2,158 2,310 2,298
Identifiable operating assets 2,073 2,060  
Investments 240 224  
Capital expenditures 20 47 31
Impairment of Intangible Assets (Excluding Goodwill)   42  
Refinement of previously established accruals - credit     (4)
Global Ventures [Member]      
Net operating revenues:      
Revenue for Reportable Segments 1,991 2,560 767
Intersegment Revenue 0 2 3
Revenues 1,991 2,562 770
Operating Income (Loss) (123) 334 152
Interest income 11 12 13
Interest expense 0 0 0
Depreciation and amortization 122 117 8
Equity income (loss) - net (9) (3) 0
Income (loss) before income taxes (120) 343 165
Identifiable operating assets 7,575 7,265  
Investments 4 14  
Capital expenditures 261 209 11
Bottling Investments      
Net operating revenues:      
Revenue for Reportable Segments 6,258 7,431 6,768
Intersegment Revenue 7 9 19
Revenues 6,265 7,440 6,787
Operating Income (Loss) 308 358 (197)
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 551 446 239
Equity income (loss) - net 779 836 828
Income (loss) before income taxes 898 716 (159)
Identifiable operating assets 10,521 11,170  
Investments 14,183 14,093  
Capital expenditures 474 836 517
Productivity, integration and restructuring initiatives   5 31
Our proportionate share of unusual or infrequent items recorded by our equity method investees 145 98 124
Gain (loss) on refranchised territories and/or bottler disposal   (105) (476)
Equity Method Investment, Other than Temporary Impairment 252   205
Bottling Investments | Russian juice operations [Member]      
Net operating revenues:      
Loss due to reversal of cumulative translation adjustment     33
Bottling Investments | Coca-Cola Bottlers Japan Holdings [Member]      
Net operating revenues:      
Equity Method Investment, Other than Temporary Impairment 252 406  
Bottling Investments | North America Territory [Member]      
Net operating revenues:      
Other Restructuring Costs   95 139
Corporate      
Net operating revenues:      
Revenue for Reportable Segments 46 94 92
Intersegment Revenue 0 0 0
Revenues 46 94 92
Operating Income (Loss) (1,221) (1,408) (1,403)
Interest income 295 486 619
Interest expense 1,437 946 950
Depreciation and amortization 246 211 252
Equity income (loss) - net 241 208 187
Income (loss) before income taxes (1,067) (824) (2,053)
Identifiable operating assets 17,903 18,376  
Investments 4,193 3,931  
Capital expenditures 207 322 404
Productivity, integration and restructuring initiatives 104 194 237
Proceeds from Sale of Buildings   739  
Litigation Settlement, Expense     33
Derivative, Gain (Loss) on Derivative, Net     (79)
Our proportionate share of unusual or infrequent items recorded by our equity method investees   2 (13)
Gains (Losses) on Extinguishment of Debt     27
Change to Plan of Sale Asset Adjustment   160  
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 148 250 (278)
Other General Expense     19
Gain (Loss) on Sale of Equity Investments 18    
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount 26 0  
Charges related to the extinguishment of long-term debt 484    
Equity Method Investment, Realized Gain (Loss) on Disposal 17    
Corporate | Costa [Member]      
Net operating revenues:      
Other General Expense   46  
Corporate | Andina [Member]      
Net operating revenues:      
Gain (Loss) on Sale of Equity Investments   39  
Corporate | CHI [Member]      
Net operating revenues:      
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss   118  
Corporate | Lindley [Member]      
Net operating revenues:      
Gain (Loss) on Sale of Equity Investments     296
Corporate | CCBA [Domain]      
Net operating revenues:      
Asset Impairment Charges     554
Equity Method Investment, Other than Temporary Impairment   160  
Corporate | Philippine Bottling Operations [Member]      
Net operating revenues:      
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss     32
Corporate | fairlife [Member]      
Net operating revenues:      
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 51    
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain 902    
Corporate | Latin America Bottling Operations [Member]      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal     47
Eliminations      
Net operating revenues:      
Revenue for Reportable Segments 0 0 0
Intersegment Revenue (1,043) (1,248) (1,273)
Revenues (1,043) (1,248) (1,273)
Operating Income (Loss) 0 0 0
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 0 0 0
Equity income (loss) - net 0 0 0
Income (loss) before income taxes 0 0 0
Identifiable operating assets 0 0  
Investments 0 0  
Capital expenditures 0 0 0
Other Operating Income (Expense) [Member] | North America      
Net operating revenues:      
Business Exit Costs 16    
Other Operating Income (Expense) [Member] | North America | Odwalla [Member]      
Net operating revenues:      
Business Exit Costs 33    
Operating Income (Loss) [Member] | North America      
Net operating revenues:      
Business Exit Costs 59    
Nonoperating Income (Expense) [Member] | North America      
Net operating revenues:      
Business Exit Costs 84    
India Bottling Operations [Member] | Bottling Investments      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal   73  
North America Territory [Member]      
Net operating revenues:      
Asset Impairment Charges     450
North America Territory [Member] | North America      
Net operating revenues:      
Asset Impairment Charges 55    
North America Territory [Member] | Bottling Investments      
Net operating revenues:      
Asset Impairment Charges     450
Strategic Realignment [Member]      
Net operating revenues:      
Productivity, integration and restructuring initiatives 427    
Strategic Realignment [Member] | EMEA      
Net operating revenues:      
Productivity, integration and restructuring initiatives 78    
Strategic Realignment [Member] | North America      
Net operating revenues:      
Productivity, integration and restructuring initiatives 115    
Strategic Realignment [Member] | Global Ventures [Member]      
Net operating revenues:      
Productivity, integration and restructuring initiatives 4    
Strategic Realignment [Member] | Other Operating Income (Expense) [Member]      
Net operating revenues:      
Productivity, integration and restructuring initiatives 413    
Strategic Realignment [Member] | Operating Income (Loss) [Member] | Latin America      
Net operating revenues:      
Productivity, integration and restructuring initiatives 19    
Strategic Realignment [Member] | Operating Income (Loss) [Member] | Asia Pacific      
Net operating revenues:      
Productivity, integration and restructuring initiatives 31    
Strategic Realignment [Member] | Operating Income (Loss) [Member] | Bottling Investments      
Net operating revenues:      
Productivity, integration and restructuring initiatives 21    
Strategic Realignment [Member] | Operating Income (Loss) [Member] | Corporate      
Net operating revenues:      
Productivity, integration and restructuring initiatives 145    
Strategic Realignment [Member] | Nonoperating Income (Expense) [Member] | Latin America      
Net operating revenues:      
Productivity, integration and restructuring initiatives 21    
Strategic Realignment [Member] | Nonoperating Income (Expense) [Member] | Asia Pacific      
Net operating revenues:      
Productivity, integration and restructuring initiatives 30    
Strategic Realignment [Member] | Nonoperating Income (Expense) [Member] | Bottling Investments      
Net operating revenues:      
Productivity, integration and restructuring initiatives 26    
Strategic Realignment [Member] | Nonoperating Income (Expense) [Member] | Corporate      
Net operating revenues:      
Productivity, integration and restructuring initiatives 153    
Pension benefits      
Net operating revenues:      
Settlements $ 81 $ 19  
Pension benefits | Latin America      
Net operating revenues:      
Settlements     4
Pension benefits | Bottling Investments      
Net operating revenues:      
Settlements     149
Pension benefits | Corporate      
Net operating revenues:      
Settlements     $ 64