Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Tables)

v3.21.2
Operating Segments (Tables)
 3 Months Ended 6 Months Ended
Jul. 02, 2021
Jul. 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 July 2, 2021                
Net operating revenues:                
Third party $ 1,874  $ 1,067  $ 3,379  $ 1,350  $ 707  $ 1,735  $ 17  $ —  $ 10,129 
Intersegment 143  —  2  153  —  3  —  (301) — 
Total net operating revenues 2,017  1,067  3,381  1,503  707  1,738  17  (301) 10,129 
Operating income (loss) 1,142  678  950  766  75  92  (687) —  3,016 
Income (loss) before income taxes 1,169  681  959  779  78  422  (470) —  3,618 
Identifiable operating assets 8,574 
2
 1,748  19,646  2,252 
3
 7,854  10,375 
2,3
 20,329  —  70,778 
Investments1
478  630  346  231  3  13,382  4,346  —  19,416 
As of and for the Three Months Ended June 26, 2020                
Net operating revenues:                
Third party $ 1,135  $ 755  $ 2,647  $ 1,068  $ 295  $ 1,262  $ (12) $ —  $ 7,150 
Intersegment 75  —  1  115  —  1  —  (192) — 
Total net operating revenues 1,210  755  2,648  1,183  295  1,263  (12) (192) 7,150 
Operating income (loss) 715  504  489  652  (102) 12  (289) —  1,981 
Income (loss) before income taxes 736  444  483  661  (103) 166  (190) —  2,197 
Identifiable operating assets 8,065 
2
 1,643  20,320  2,131 
3
 6,983  9,817 
2,3
 26,795  —  75,754 
Investments1
534  573  356  226  5  13,199  4,042  —  18,935 
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 16 percent, 14 percent and 15 percent of consolidated property, plant and equipment — net as of July 2, 2021, June 26, 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 July 2, 2021, June 26, 2020 and December 31, 2020.
Europe, Middle East & Africa Latin
America 		North
America		 Asia Pacific Global Ventures Bottling
Investments		 Corporate Eliminations Consolidated
Six Months Ended July 2, 2021                
Net operating revenues:                
Third party $ 3,336  $ 1,976  $ 6,315  $ 2,582  $ 1,277  $ 3,629  $ 34  $ —  $ 19,149 
Intersegment 304  —  3  323  —  5  —  (635) — 
Total net operating revenues 3,640  1,976  6,318  2,905  1,277  3,634  34  (635) 19,149 
Operating income (loss) 1,962  1,230  1,742  1,452  101  233  (982) —  5,738 
Income (loss) before income taxes 1,999  1,236  1,775  1,474  105  739  (947) —  6,381 
Six Months Ended June 26, 2020                
Net operating revenues:                
Third party $ 2,708  $ 1,685  $ 5,496  $ 2,057  $ 868  $ 2,918  $ 19  $ —  $ 15,751 
Intersegment 227  —  2  254  —  3  —  (486) — 
Total net operating revenues 2,935  1,685  5,498  2,311  868  2,921  19  (486) 15,751 
Operating income (loss) 1,675  1,043  876  1,163  (83) 75  (388) —  4,361 
Income (loss) before income taxes 1,707  979  885  1,174  (85) 364  183  —  5,207