Annual report pursuant to Section 13 and 15(d)

OPERATING SEGMENTS (Details 2)

v3.22.0.1
OPERATING SEGMENTS (Details 2) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Nov. 01, 2021
Jan. 02, 2020
Jun. 28, 2019
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Segment Reporting Information [Line Items]            
Revenue for Reportable Segments       $ 38,655 $ 33,014 $ 37,266
Intersegment Revenue       0 0 0
Net Operating Revenues       38,655 33,014 37,266
Operating Income (Loss)       10,308 8,997 10,086
Interest income       276 370 563
Interest expense       1,597 1,437 946
Depreciation and amortization       1,452 1,536 1,365
Equity income (loss) — net       1,438 978 1,049
Income (loss) before income taxes       12,425 9,749 10,786
Identifiable operating assets       75,938 67,211  
Investments       18,416 20,085  
Capital expenditures       $ 1,367 $ 1,177 2,054
Ratio of net property, plant and equipment in South Africa to total consolidated property, plant and equipment - net (as a percent)       16.00% 15.00%  
Property, Plant and Equipment, Net Percentage Philippines       10.00% 10.00%  
Business Exit Costs         $ 0  
Our proportionate share of unusual or infrequent items recorded by our equity method investees       $ 13 216 100
Asset Impairment Charges       0 290  
Equity Method Investment, Other than Temporary Impairment           710
fairlife            
Segment Reporting Information [Line Items]            
Charges related to the remeasurement of contingent consideration liability       369 51  
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain   $ 902     902  
BodyArmor            
Segment Reporting Information [Line Items]            
Business Acquisition, Transaction Costs       119    
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain $ 834          
Strategic Realignment            
Segment Reporting Information [Line Items]            
Productivity, integration and restructuring initiatives       263 427  
CCBA            
Segment Reporting Information [Line Items]            
Change to Plan of Sale Asset Adjustment     $ 160      
CCA            
Segment Reporting Information [Line Items]            
Gain (Loss) on Disposition of Business       695    
EMEA            
Segment Reporting Information [Line Items]            
Revenue for Reportable Segments       6,564 5,534 6,434
Intersegment Revenue       629 523 624
Net Operating Revenues       7,193 6,057 7,058
Operating Income (Loss)       3,735 3,313 3,551
Interest income       0 0 0
Interest expense       0 0 0
Depreciation and amortization       76 86 86
Equity income (loss) — net       33 31 35
Income (loss) before income taxes       3,821 3,379 3,361
Identifiable operating assets       7,908 8,098  
Investments       436 517  
Capital expenditures       35 27 108
Productivity, integration and restructuring initiatives           2
Impairment of Intangible Assets (Excluding Goodwill)       78    
Refinement of previously established accruals - credit         (5)  
Asset Impairment Charges       78    
Equity Method Investment, Other than Temporary Impairment           255
EMEA | Strategic Realignment            
Segment Reporting Information [Line Items]            
Productivity, integration and restructuring initiatives       61 78  
Latin America            
Segment Reporting Information [Line Items]            
Revenue for Reportable Segments       4,143 3,499 4,118
Intersegment Revenue       0 0 0
Net Operating Revenues       4,143 3,499 4,118
Operating Income (Loss)       2,534 2,116 2,375
Interest income       0 0 0
Interest expense       0 0 0
Depreciation and amortization       39 45 35
Equity income (loss) — net       9 (72) (32)
Income (loss) before income taxes       2,542 2,001 2,288
Identifiable operating assets       1,720 1,597  
Investments       594 603  
Capital expenditures       2 6 140
Productivity, integration and restructuring initiatives           1
Our proportionate share of unusual or infrequent items recorded by our equity method investees         70  
Equity Method Investment, Other than Temporary Impairment         38 49
Latin America | Strategic Realignment            
Segment Reporting Information [Line Items]            
Productivity, integration and restructuring initiatives       12 21  
North America            
Segment Reporting Information [Line Items]            
Revenue for Reportable Segments       13,184 11,473 11,906
Intersegment Revenue       6 4 9
Net Operating Revenues       13,190 11,477 11,915
Operating Income (Loss)       3,331 2,471 2,594
Interest income       40 64 65
Interest expense       0 0 0
Depreciation and amortization       388 439 439
Equity income (loss) — net       22 0 (6)
Income (loss) before income taxes       3,140 2,500 2,592
Identifiable operating assets       25,730 19,444  
Investments       21 345  
Capital expenditures       228 182 392
Productivity, integration and restructuring initiatives           62
Business Exit Costs       316 84  
Our proportionate share of unusual or infrequent items recorded by our equity method investees         1  
Impairment of Intangible Assets (Excluding Goodwill)         55  
Equity Method Investment, Other than Temporary Impairment           57
North America | BodyArmor            
Segment Reporting Information [Line Items]            
Business Acquisition, Transaction Costs       21    
North America | Strategic Realignment            
Segment Reporting Information [Line Items]            
Productivity, integration and restructuring initiatives       14 115  
North America | Odwalla            
Segment Reporting Information [Line Items]            
Impairment of Intangible Assets (Excluding Goodwill)         160  
Asia Pacific            
Segment Reporting Information [Line Items]            
Revenue for Reportable Segments       4,682 4,213 4,723
Intersegment Revenue       609 509 604
Net Operating Revenues       5,291 4,722 5,327
Operating Income (Loss)       2,325 2,133 2,282
Interest income       0 0 0
Interest expense       0 0 0
Depreciation and amortization       49 47 31
Equity income (loss) — net       8 8 11
Income (loss) before income taxes       2,350 2,158 2,310
Identifiable operating assets       2,355 2,073  
Investments       230 240  
Capital expenditures       65 20 47
Impairment of Intangible Assets (Excluding Goodwill)         215 42
Asia Pacific | Strategic Realignment            
Segment Reporting Information [Line Items]            
Productivity, integration and restructuring initiatives       14 30  
Global Ventures            
Segment Reporting Information [Line Items]            
Revenue for Reportable Segments       2,805 1,991 2,560
Intersegment Revenue       0 0 2
Net Operating Revenues       2,805 1,991 2,562
Operating Income (Loss)       293 (123) 334
Interest income       10 11 12
Interest expense       0 0 0
Depreciation and amortization       135 122 117
Equity income (loss) — net       (6) (9) (3)
Income (loss) before income taxes       310 (120) 343
Identifiable operating assets       7,949 7,575  
Investments       0 4  
Capital expenditures       285 261 209
Global Ventures | Strategic Realignment            
Segment Reporting Information [Line Items]            
Productivity, integration and restructuring initiatives         4  
Bottling Investments            
Segment Reporting Information [Line Items]            
Revenue for Reportable Segments       7,194 6,258 7,431
Intersegment Revenue       9 7 9
Net Operating Revenues       7,203 6,265 7,440
Operating Income (Loss)       473 308 358
Interest income       0 0 0
Interest expense       0 0 0
Depreciation and amortization       529 551 446
Equity income (loss) — net       1,071 779 836
Income (loss) before income taxes       1,596 898 716
Identifiable operating assets       10,312 10,521  
Investments       12,669 14,183  
Capital expenditures       560 474 836
Productivity, integration and restructuring initiatives           5
Our proportionate share of unusual or infrequent items recorded by our equity method investees       45 145 98
Gain (loss) on refranchised territories and/or bottler disposal           (105)
Bottling Investments | Strategic Realignment            
Segment Reporting Information [Line Items]            
Productivity, integration and restructuring initiatives       2 26  
Bottling Investments | Coca-Cola Bottlers Japan Holdings            
Segment Reporting Information [Line Items]            
Equity Method Investment, Other than Temporary Impairment         252 406
Corporate            
Segment Reporting Information [Line Items]            
Revenue for Reportable Segments       83 46 94
Intersegment Revenue       2 0 0
Net Operating Revenues       85 46 94
Operating Income (Loss)       (2,383) (1,221) (1,408)
Interest income       226 295 486
Interest expense       1,597 1,437 946
Depreciation and amortization       236 246 211
Equity income (loss) — net       301 241 208
Income (loss) before income taxes       (1,334) (1,067) (824)
Identifiable operating assets       19,964 17,903  
Investments       4,466 4,193  
Capital expenditures       192 207 322
Productivity, integration and restructuring initiatives       115 104 194
Business Exit Costs       2    
Litigation Settlement, Expense       15    
Debt and Equity Securities, Gain (Loss)       467 148 250
Equity Method Investment, Realized Gain (Loss) on Disposal       114 35  
Charges related to debt extinguishment       650 484  
Our proportionate share of unusual or infrequent items recorded by our equity method investees       (32)   2
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount       0 26  
Proceeds from Sale of Buildings           739
Corporate | fairlife            
Segment Reporting Information [Line Items]            
Charges related to the remeasurement of contingent consideration liability       369 51  
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain         902  
Corporate | BodyArmor            
Segment Reporting Information [Line Items]            
Business Acquisition, Transaction Costs       98    
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain       834    
Corporate | Strategic Realignment            
Segment Reporting Information [Line Items]            
Productivity, integration and restructuring initiatives       160 153  
Corporate | Costa            
Segment Reporting Information [Line Items]            
Other General Expense           46
Corporate | Andina            
Segment Reporting Information [Line Items]            
Equity Method Investment, Realized Gain (Loss) on Disposal           39
Corporate | CHI            
Segment Reporting Information [Line Items]            
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss           118
Corporate | CCBA            
Segment Reporting Information [Line Items]            
Change to Plan of Sale Asset Adjustment           160
Eliminations            
Segment Reporting Information [Line Items]            
Revenue for Reportable Segments       0 0 0
Intersegment Revenue       (1,255) (1,043) (1,248)
Net Operating Revenues       (1,255) (1,043) (1,248)
Operating Income (Loss)       0 0 0
Interest income       0 0 0
Interest expense       0 0 0
Depreciation and amortization       0 0 0
Equity income (loss) — net       0 0 0
Income (loss) before income taxes       0 0 0
Identifiable operating assets       0 0  
Investments       0 0  
Capital expenditures       0 0 0
Operating Income (Loss) | Strategic Realignment            
Segment Reporting Information [Line Items]            
Productivity, integration and restructuring initiatives       146 413  
Operating Income (Loss) | EMEA | Strategic Realignment            
Segment Reporting Information [Line Items]            
Productivity, integration and restructuring initiatives       63    
Operating Income (Loss) | Latin America | Strategic Realignment            
Segment Reporting Information [Line Items]            
Productivity, integration and restructuring initiatives       11 19  
Operating Income (Loss) | North America            
Segment Reporting Information [Line Items]            
Business Exit Costs       52 59  
Operating Income (Loss) | North America | Odwalla            
Segment Reporting Information [Line Items]            
Business Exit Costs         33  
Operating Income (Loss) | Asia Pacific | Strategic Realignment            
Segment Reporting Information [Line Items]            
Productivity, integration and restructuring initiatives       12 31  
Operating Income (Loss) | Bottling Investments | Strategic Realignment            
Segment Reporting Information [Line Items]            
Productivity, integration and restructuring initiatives         21  
Operating Income (Loss) | Corporate | Strategic Realignment            
Segment Reporting Information [Line Items]            
Productivity, integration and restructuring initiatives       46 145  
Nonoperating Income (Expense) | North America            
Segment Reporting Information [Line Items]            
Business Exit Costs       $ 266 $ 25  
India Bottling Operations | Bottling Investments            
Segment Reporting Information [Line Items]            
Gain (loss) on refranchised territories and/or bottler disposal           73
North America Territory | Bottling Investments            
Segment Reporting Information [Line Items]            
Other Restructuring Costs           $ 95