Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Tables)

v3.21.1
Operating Segments (Tables)
 3 Months Ended
Apr. 02, 2021
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Information about our Company’s operations by operating segment and Corporate is as follows (in millions):
Europe, Middle East & Africa Latin
America 		North
America		 Asia Pacific Global Ventures Bottling
Investments		 Corporate Eliminations Consolidated
As of and for the Three Months Ended April 2, 2021                
Net operating revenues:                
Third party $ 1,462  $ 909  $ 2,936  $ 1,232  $ 570  $ 1,894  $ 17  $ —  $ 9,020 
Intersegment 161  —  1  170  —  2  —  (334) — 
Total net operating revenues 1,623  909  2,937  1,402  570  1,896  17  (334) 9,020 
Operating income (loss) 820  552  792  686  26  141  (295) —  2,722 
Income (loss) before income taxes 830  555  816  695  27  317  (477) —  2,763 
Identifiable operating assets 8,335 
2
 1,650  19,792  2,332 
3
 7,843  10,426 
2,3
 19,843  —  70,221 
Investments1
466  595  343  249  4  13,833  4,282  —  19,772 
As of and for the Three Months Ended March 27, 2020                
Net operating revenues:                
Third party $ 1,573  $ 930  $ 2,849  $ 989  $ 573  $ 1,656  $ 31  $ —  $ 8,601 
Intersegment 152  —  1  139  —  2  —  (294) — 
Total net operating revenues 1,725  930  2,850  1,128  573  1,658  31  (294) 8,601 
Operating income (loss) 960  539  387  511  19  63  (99) —  2,380 
Income (loss) before income taxes 971  535  402  513  18  198  373  —  3,010 
Identifiable operating assets 8,172 
2
 1,853  20,600  2,312  7,378  10,184 
2
 24,842  —  75,341 
Investments1
498  661  357  225  11  12,968  3,952  —  18,672 
As of December 31, 2020                
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 
1 Principally equity method investments and other investments in bottling companies.
2 Property, plant and equipment — net in South Africa represented 15 percent, 14 percent and 15 percent of consolidated property, plant and equipment — net as of April 2, 2021, March 27, 2020 and December 31, 2020, respectively.
3 Property, plant and equipment — net in the Philippines represented 10 percent of consolidated property, plant and equipment — net as of April 2, 2021 and December 31, 2020.