Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Details)

v3.21.2
Operating Segments (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Oct. 01, 2021
Sep. 25, 2020
Mar. 27, 2020
Oct. 01, 2021
Sep. 25, 2020
Dec. 31, 2020
Net operating revenues:            
Third Party $ 10,042 $ 8,652   $ 29,191 $ 24,403  
Intersegment 0 0   0 0  
Revenues 10,042 8,652   29,191 24,403  
Operating Income (Loss) 2,898 2,298   8,636 6,659  
Income (loss) before income taxes 3,084 2,181   9,465 7,388  
Identifiable operating assets 71,425 77,597   71,425 77,597 $ 67,211
Noncurrent investments $ 19,181 $ 19,587   $ 19,181 $ 19,587 $ 20,085
Property, Plant and Equipment, Net Percentage 16.00% 14.00%   16.00% 14.00% 15.00%
Property, Plant and Equipment, Net Percentage Philippines 10.00% 10.00%   10.00% 10.00% 10.00%
Business Exit Costs   $ 0     $ 0  
Tax litigation expense $ 1     $ 14    
Charges related to debt extinguishment   405     405  
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees (18) 27   5 128  
Impairment of Intangible Assets (Excluding Goodwill) 0     0 215  
Equity Method Investment, Other than Temporary Impairment 0 0   0 38  
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount 0 0   0 26  
Strategic Realignment            
Net operating revenues:            
Productivity, integration and restructuring initiatives 25     230    
Productivity and Reinvestment [Member]            
Net operating revenues:            
Productivity, integration and restructuring initiatives 31 10   71 71  
Europe, Middle East & Africa            
Net operating revenues:            
Third Party 1,758 1,556   5,094 4,264  
Intersegment 157 137   461 364  
Revenues 1,915 1,693   5,555 4,628  
Operating Income (Loss) 1,028 903   2,990 2,578  
Income (loss) before income taxes 1,050 925   3,049 2,632  
Identifiable operating assets 8,213 8,283   8,213 8,283 $ 8,098
Noncurrent investments 482 544   482 544 517
Europe, Middle East & Africa | Strategic Realignment            
Net operating revenues:            
Productivity, integration and restructuring initiatives 2 41   63 41  
Europe, Middle East & Africa | Productivity and Reinvestment [Member]            
Net operating revenues:            
Restructuring Reserve, Accrual Adjustment   3     3  
Latin America Segment            
Net operating revenues:            
Third Party 1,137 809   3,113 2,494  
Intersegment 0 0   0 0  
Revenues 1,137 809   3,113 2,494  
Operating Income (Loss) 712 483   1,942 1,526  
Income (loss) before income taxes 716 476   1,952 1,455  
Identifiable operating assets 1,839 1,647   1,839 1,647 1,597
Noncurrent investments 606 577   606 577 603
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees         28  
Equity Method Investment, Other than Temporary Impairment         38  
Latin America Segment | Strategic Realignment            
Net operating revenues:            
Productivity, integration and restructuring initiatives   22   11 22  
North America Segment            
Net operating revenues:            
Third Party 3,478 3,087   9,793 8,583  
Intersegment 1 1   4 3  
Revenues 3,479 3,088   9,797 8,586  
Operating Income (Loss) 868 727   2,610 1,603  
Income (loss) before income taxes 630 738   2,405 1,623  
Identifiable operating assets 19,118 19,983   19,118 19,983 19,444
Noncurrent investments 331 356   331 356 345
Business Exit Costs 273 25   308 69  
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees         1  
Asset Impairment Charges         55  
Impairment of Intangible Assets (Excluding Goodwill)   0        
North America Segment | Strategic Realignment            
Net operating revenues:            
Productivity, integration and restructuring initiatives 1 121   14 121  
North America Segment | Operating Income (Loss) [Member]            
Net operating revenues:            
Business Exit Costs 7 23   42 48  
North America Segment | Nonoperating Income (Expense) [Member]            
Net operating revenues:            
Business Exit Costs 266     266 21  
Pacific            
Net operating revenues:            
Third Party 1,229 1,207   3,811 3,264  
Intersegment 145 127   468 381  
Revenues 1,374 1,334   4,279 3,645  
Operating Income (Loss) 594 564   2,046 1,727  
Income (loss) before income taxes 604 575   2,078 1,749  
Identifiable operating assets 2,254 2,143   2,254 2,143 2,073
Noncurrent investments 238 236   238 236 240
Pacific | Strategic Realignment            
Net operating revenues:            
Productivity, integration and restructuring initiatives   32   13 32  
Global Ventures [Member]            
Net operating revenues:            
Third Party 753 513   2,030 1,381  
Intersegment 0 0   0 0  
Revenues 753 513   2,030 1,381  
Operating Income (Loss) 114 (31)   215 (114)  
Income (loss) before income taxes 116 (29)   221 (114)  
Identifiable operating assets 7,784 7,453   7,784 7,453 7,575
Noncurrent investments 2 6   2 6 4
Bottling investments [Member]            
Net operating revenues:            
Third Party 1,663 1,474   5,292 4,392  
Intersegment 2 1   7 4  
Revenues 1,665 1,475   5,299 4,396  
Operating Income (Loss) 81 55   314 130  
Income (loss) before income taxes 462 398   1,201 762  
Identifiable operating assets 10,213 9,851   10,213 9,851 10,521
Noncurrent investments 13,137 13,765   13,137 13,765 14,183
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees (18) 27   37 99  
Corporate            
Net operating revenues:            
Third Party 24 6   58 25  
Intersegment 1 0   1 0  
Revenues 25 6   59 25  
Operating Income (Loss) (499) (403)   (1,481) (791)  
Income (loss) before income taxes (494) (902)   (1,441) (719)  
Identifiable operating assets 22,004 28,237   22,004 28,237 17,903
Noncurrent investments 4,385 4,103   4,385 4,103 4,193
Tax litigation expense       14    
Debt and Equity Securities, Gain (Loss)   13   341 (127)  
Charges related to debt extinguishment   405   650 405  
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees       (32)    
Equity Method Investment, Realized Gain (Loss) on Disposal 63     63 18  
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount         26  
Corporate | Strategic Realignment            
Net operating revenues:            
Productivity, integration and restructuring initiatives 22 127   129 127  
Corporate | Productivity and Reinvestment [Member]            
Net operating revenues:            
Productivity, integration and restructuring initiatives 31 13   71 74  
Corporate | Operating Income (Loss) [Member] | Strategic Realignment            
Net operating revenues:            
Productivity, integration and restructuring initiatives 1 116   25 116  
Eliminations            
Net operating revenues:            
Third Party 0 0   0 0  
Intersegment (306) (266)   (941) (752)  
Revenues (306) (266)   (941) (752)  
Operating Income (Loss) 0 0   0 0  
Income (loss) before income taxes 0 0   0 0  
Identifiable operating assets 0 0   0 0 0
Noncurrent investments 0 0   0 0 $ 0
fairlife [Member] | Corporate            
Net operating revenues:            
Contingent Consideration Liability $ 12 $ 18   263 47  
Business Combination Remeasurement Gain     $ 902      
Odwalla [Member] | North America Segment            
Net operating revenues:            
Impairment of Intangible Assets (Excluding Goodwill)         160  
Odwalla [Member] | North America Segment | Operating Income (Loss) [Member]            
Net operating revenues:            
Business Exit Costs         $ 37  
CCA            
Net operating revenues:            
Gain (Loss) on Disposition of Business       $ 695