Annual report pursuant to Section 13 and 15(d)

OPERATING SEGMENTS (Tables)

v3.22.0.1
OPERATING SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
Segment Reporting Information [Line Items]  
Schedule of total net operating revenues related to concentrate and finished products operation
The following table sets forth the percentage of total net operating revenues attributable to concentrate operations and finished product operations:
Year Ended December 31, 2021 2020 2019
Concentrate operations 56  % 56  % 55  %
Finished product operations 44  44  45 
Total 100  % 100  % 100  %
Schedule of net revenue and property plant and equipment by Geography
The following table provides information related to our net operating revenues (in millions):
Year Ended December 31, 2021 2020 2019
United States $ 13,010  $ 11,281  $ 11,715 
International 25,645  21,733  25,551 
Net operating revenues $ 38,655  $ 33,014  $ 37,266 
The following table provides information related to our property, plant and equipment — net (in millions):
Year Ended December 31, 2021 2020 2019
United States $ 3,420  $ 3,988  $ 4,062 
International 6,500  6,789  6,776 
Property, plant and equipment — net $ 9,920  $ 10,777  $ 10,838 
Schedule of Segment Reporting Information, by Segment
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 Year Ended December 31, 2021
                
Net operating revenues:                
   Third party $ 6,564  $ 4,143  $ 13,184  $ 4,682 

$ 2,805  $ 7,194  $ 83  $ —  $ 38,655 
   Intersegment 629  —  6  609  —  9  2  (1,255) — 
   Total net operating revenues 7,193  4,143  13,190  5,291  2,805  7,203  85  (1,255) 38,655 
Operating income (loss) 3,735  2,534  3,331  2,325  293  473  (2,383) —  10,308 
Interest income —  —  40  —  10  —  226  —  276 
Interest expense —  —  —  —  —  —  1,597  —  1,597 
Depreciation and amortization 76  39  388  49  135  529  236  —  1,452 
Equity income (loss) — net 33  9  22  8  (6) 1,071  301  —  1,438 
Income (loss) before income taxes 3,821  2,542  3,140  2,350  310  1,596  (1,334) —  12,425 
Identifiable operating assets 7,908 
2
 1,720  25,730  2,355 
3
 7,949  10,312 
2,3
 19,964  —  75,938 
Investments1
436  594  21  230  —  12,669  4,466  —  18,416 
Capital expenditures 35  2  228  65  285  560  192  —  1,367 
As of and for the Year Ended December 31, 2020
                
Net operating revenues:                
   Third party $ 5,534  $ 3,499  $ 11,473  $ 4,213  $ 1,991  $ 6,258  $ 46  $ —  $ 33,014 
   Intersegment 523  —  4  509  —  7  —  (1,043) — 
   Total net operating revenues 6,057  3,499  11,477  4,722  1,991  6,265  46  (1,043) 33,014 
Operating income (loss) 3,313  2,116  2,471  2,133  (123) 308  (1,221) —  8,997 
Interest income —  —  64  —  11  —  295  —  370 
Interest expense —  —  —  —  —  —  1,437  —  1,437 
Depreciation and amortization 86  45  439  47  122  551  246  —  1,536 
Equity income (loss) — net 31  (72) —  8  (9) 779  241  —  978 
Income (loss) before income taxes 3,379  2,001  2,500  2,158  (120) 898  (1,067) —  9,749 
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 
Capital expenditures 27  6  182  20  261  474  207  —  1,177 
Year Ended December 31, 2019    
Net operating revenues:    
   Third party $ 6,434  $ 4,118  $ 11,906  $ 4,723  $ 2,560  $ 7,431  $ 94  $ —  $ 37,266 
   Intersegment 624  —  9  604  2  9  —  (1,248) — 
   Total net operating revenues 7,058  4,118  11,915  5,327  2,562  7,440  94  (1,248) 37,266 
Operating income (loss) 3,551  2,375  2,594  2,282  334  358  (1,408) —  10,086 
Interest income —  —  65  —  12  —  486  —  563 
Interest expense —  —  —  —  —  —  946  —  946 
Depreciation and amortization 86  35  439  31  117  446  211  —  1,365 
Equity income (loss) — net 35  (32) (6) 11  (3) 836  208  —  1,049 
Income (loss) before income taxes 3,361  2,288  2,592  2,310  343  716  (824) —  10,786 
Capital expenditures 108  140  392  47  209  836  322  —  2,054 
1Principally equity method investments and other investments in bottling companies.
2Property, plant and equipment — net in South Africa represented 16 percent and 15 percent of consolidated property, plant and equipment — net as of December 31, 2021 and 2020, respectively.
3Property, plant and equipment — net in the Philippines represented 10 percent of consolidated property, plant and equipment — net as of December 31, 2021 and 2020.