Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2021
Mar. 27, 2020
Revenues $ 9,020 $ 8,601
Cost of Goods Sold 3,505 3,371
GROSS PROFIT 5,515 5,230
Selling, general and administrative expenses 2,669 2,648
Other operating charges 124 202
OPERATING INCOME 2,722 2,380
Interest income 66 112
Interest expense 442 193
Equity income (loss) - net 279 167
Other income (loss) — net 138 544
INCOME BEFORE INCOME TAXES 2,763 3,010
Income taxes 508 215
CONSOLIDATED NET INCOME 2,255 2,795
Net Income (Loss) Attributable to Noncontrolling Interest 10 20
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 2,245 $ 2,775
BASIC NET INCOME PER SHARE (in dollars per share) $ 0.52 $ 0.65
DILUTED NET INCOME PER SHARE (in dollars per share) $ 0.52 $ 0.64
AVERAGE SHARES OUTSTANDING (in shares) 4,307,000,000 4,289,000,000
Effect of dilutive securities (in shares) 23,000,000 36,000,000
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) 4,330,000,000 4,325,000,000