The Coca-Cola Company Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Productivity, Integration and Restructuring Initiatives (Tables)

Productivity, Integration and Restructuring Initiatives (Tables)

9 Months Ended

Oct. 01, 2021

Productivity integration and restructuring initiatives

The following tables summarize the balance of accrued expenses related to these strategic realignment initiatives and the changes in the accrued amounts as of and for the three and nine months ended October 1, 2021 (in millions):


	Severance Pay and Benefits			Outside Services		Other Direct Costs		Total
Accrued balance July 2, 2021	$	29		$	1	$	4	$	34
Costs incurred	25			1		(1)		25
Payments	(11)			(1)		(1)		(13)
Noncash and exchange	(20)		1	(1)		—		(21)
Accrued balance October 1, 2021	$	23		$	—	$	2	$	25

1 Includes pension benefit plan settlement charges. Refer to Note 13.


	Severance Pay and Benefits			Outside Services		Other Direct Costs		Total
Accrued balance December 31, 2020	$	181		$	1	$	3	$	185
Costs incurred	211			17		2		230
Payments	(263)			(15)		(3)		(281)
Noncash and exchange	(106)		1	(3)		—		(109)
Accrued balance October 1, 2021	$	23		$	—	$	2	$	25

1 Includes pension benefit plan settlement charges. Refer to Note 13.

Productivity and Reinvestment

The following tables summarize the balance of accrued expenses related to our productivity and reinvestment program and the changes in the accrued amounts as of and for the three and nine months ended October 1, 2021 (in millions):


	Severance Pay and Benefits		Outside Services		Other Direct Costs		Total
Accrued balance July 2, 2021	$	16	$	—	$	3	$	19
Costs incurred	(1)		28		4		31
Payments	(1)		(28)		—		(29)
Noncash and exchange	(2)		—		(1)		(3)
Accrued balance October 1, 2021	$	12	$	—	$	6	$	18


	Severance Pay and Benefits		Outside Services		Other Direct Costs		Total
Accrued balance December 31, 2020	$	15	$	—	$	2	$	17
Costs incurred	1		57		13		71
Payments	(2)		(57)		(13)		(72)
Noncash and exchange	(2)		—		4		2
Accrued balance October 1, 2021	$	12	$	—	$	6	$	18