Schedule of Segment Reporting Information, by Segment |
Information about our Company’s operations by operating segment and Corporate is as follows (in millions):
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Europe, Middle East & Africa |
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Latin America |
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North America |
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Asia Pacific |
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Global Ventures |
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Bottling Investments |
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Corporate |
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Eliminations |
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Consolidated |
As of and for the Year Ended December 31, 2021 |
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Net operating revenues: |
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Third party |
$ |
6,564
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$ |
4,143
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$ |
13,184
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$ |
4,682
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$ |
2,805
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$ |
7,194
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$ |
83
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$ |
—
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$ |
38,655
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Intersegment |
629
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—
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6
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609
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—
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9
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2
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(1,255) |
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—
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Total net operating revenues |
7,193
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4,143
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13,190
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5,291
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2,805
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7,203
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85
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(1,255) |
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38,655
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Operating income (loss) |
3,735
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2,534
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3,331
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2,325
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293
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473
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(2,383) |
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—
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10,308
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Interest income |
—
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—
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40
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—
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10
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—
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226
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—
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276
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Interest expense |
—
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—
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—
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—
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—
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—
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1,597
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—
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1,597
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Depreciation and amortization |
76
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39
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388
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49
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135
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529
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236
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—
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1,452
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Equity income (loss) — net |
33
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9
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22
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8
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(6) |
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1,071
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301
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—
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1,438
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Income (loss) before income taxes |
3,821
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2,542
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3,140
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2,350
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310
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1,596
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(1,334) |
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—
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12,425
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Identifiable operating assets |
7,908
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2 |
1,720
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25,730
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2,355
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3 |
7,949
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10,312
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2,3 |
19,964
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—
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75,938
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Investments1
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436
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594
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21
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230
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—
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12,669
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4,466
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—
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18,416
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Capital expenditures |
35
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2
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228
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65
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285
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560
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192
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—
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1,367
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As of and for the Year Ended December 31, 2020 |
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Net operating revenues: |
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Third party |
$ |
5,534 |
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$ |
3,499 |
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$ |
11,473 |
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$ |
4,213 |
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$ |
1,991 |
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$ |
6,258 |
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$ |
46 |
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$ |
— |
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$ |
33,014 |
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Intersegment |
523 |
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— |
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4 |
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509 |
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— |
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7 |
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— |
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(1,043) |
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— |
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Total net operating revenues |
6,057 |
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3,499 |
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11,477 |
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4,722 |
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1,991 |
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6,265 |
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46 |
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(1,043) |
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33,014 |
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Operating income (loss) |
3,313 |
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2,116 |
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2,471 |
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2,133 |
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(123) |
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308 |
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(1,221) |
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— |
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8,997 |
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Interest income |
— |
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— |
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64 |
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— |
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11 |
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— |
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295 |
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— |
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370 |
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Interest expense |
— |
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— |
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— |
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— |
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— |
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— |
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1,437 |
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— |
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1,437 |
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Depreciation and amortization |
86 |
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45 |
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|
439 |
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47 |
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122 |
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|
551 |
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246 |
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— |
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1,536 |
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Equity income (loss) — net |
31 |
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(72) |
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— |
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8 |
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(9) |
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779 |
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241 |
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— |
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978 |
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Income (loss) before income taxes |
3,379 |
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2,001 |
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2,500 |
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2,158 |
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(120) |
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898 |
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(1,067) |
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— |
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9,749 |
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Identifiable operating assets |
8,098 |
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2 |
1,597 |
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19,444 |
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2,073 |
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3 |
7,575 |
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10,521 |
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2,3 |
17,903 |
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— |
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67,211 |
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Investments1
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517 |
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603 |
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345 |
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240 |
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4 |
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14,183 |
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4,193 |
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— |
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20,085 |
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Capital expenditures |
27 |
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6 |
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182 |
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20 |
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261 |
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|
474 |
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|
207 |
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— |
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1,177 |
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Year Ended December 31, 2019 |
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Net operating revenues: |
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Third party |
$ |
6,434 |
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$ |
4,118 |
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$ |
11,906 |
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$ |
4,723 |
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$ |
2,560 |
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$ |
7,431 |
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$ |
94 |
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$ |
— |
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$ |
37,266 |
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Intersegment |
624 |
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— |
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9 |
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|
604 |
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2 |
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9 |
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— |
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(1,248) |
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— |
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Total net operating revenues |
7,058 |
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4,118 |
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11,915 |
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5,327 |
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|
2,562 |
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7,440 |
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94 |
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(1,248) |
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37,266 |
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Operating income (loss) |
3,551 |
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|
2,375 |
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|
2,594 |
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2,282 |
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|
334 |
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|
358 |
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(1,408) |
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— |
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10,086 |
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Interest income |
— |
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— |
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65 |
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— |
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12 |
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— |
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|
486 |
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— |
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|
563 |
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Interest expense |
— |
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— |
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— |
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— |
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— |
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— |
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|
946 |
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— |
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|
946 |
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Depreciation and amortization |
86 |
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|
35 |
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|
439 |
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|
31 |
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|
117 |
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|
446 |
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|
211 |
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— |
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1,365 |
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Equity income (loss) — net |
35 |
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(32) |
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(6) |
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11 |
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(3) |
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|
836 |
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|
208 |
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— |
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|
1,049 |
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Income (loss) before income taxes |
3,361 |
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|
2,288 |
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|
2,592 |
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|
2,310 |
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|
343 |
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|
716 |
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(824) |
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— |
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10,786 |
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Capital expenditures |
108 |
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|
140 |
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|
392 |
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|
47 |
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|
209 |
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|
836 |
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|
322 |
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— |
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2,054 |
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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.
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