Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Details)

v3.22.1
OPERATING SEGMENTS (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 01, 2022
Apr. 02, 2021
Dec. 31, 2021
Net operating revenues:      
Third Party $ 10,491 $ 9,020  
Intersegment 0 0  
Net Operating Revenues 10,491 9,020  
Operating Income (Loss) 3,405 2,722  
Income (loss) before income taxes 3,458 2,763  
Identifiable operating assets 75,078 70,221 $ 75,938
Noncurrent investments $ 18,986 $ 19,772 $ 18,416
Property, Plant and Equipment, Net Percentage 17.00% 15.00% 16.00%
Property, Plant and Equipment, Net Percentage Philippines 10.00% 10.00% 10.00%
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees $ (5) $ (37)  
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee (24)    
Tax litigation expense   9  
BodyArmor      
Net operating revenues:      
Gain (loss) related to BodyArmor transaction 5    
Productivity and Reinvestment      
Net operating revenues:      
Productivity, integration and restructuring initiatives 10 18  
Europe, Middle East & Africa      
Net operating revenues:      
Third Party 1,661 1,462  
Intersegment 172 161  
Net Operating Revenues 1,833 1,623  
Operating Income (Loss) 1,007 820  
Income (loss) before income taxes 1,023 830  
Identifiable operating assets 8,092 8,335 $ 7,908
Noncurrent investments 415 466 436
Europe, Middle East & Africa | Strategic Realignment      
Net operating revenues:      
Productivity, integration and restructuring initiatives   50  
Latin America Segment      
Net operating revenues:      
Third Party 1,214 909  
Intersegment 0 0  
Net Operating Revenues 1,214 909  
Operating Income (Loss) 760 552  
Income (loss) before income taxes 757 555  
Identifiable operating assets 1,988 1,650 1,720
Noncurrent investments 633 595 594
Latin America Segment | Strategic Realignment      
Net operating revenues:      
Productivity, integration and restructuring initiatives   11  
North America Segment      
Net operating revenues:      
Third Party 3,589 2,936  
Intersegment 1 1  
Net Operating Revenues 3,590 2,937  
Operating Income (Loss) 1,056 792  
Income (loss) before income taxes 1,064 816  
Identifiable operating assets 26,395 19,792 25,730
Noncurrent investments 19 343 21
Business Exit Costs 12    
North America Segment | BodyArmor      
Net operating revenues:      
Gain (loss) related to BodyArmor transaction 19    
North America Segment | Strategic Realignment      
Net operating revenues:      
Productivity, integration and restructuring initiatives   12  
North America Segment | Operating Income (Loss)      
Net operating revenues:      
Business Exit Costs 11 19  
Pacific      
Net operating revenues:      
Third Party 1,231 1,232  
Intersegment 180 170  
Net Operating Revenues 1,411 1,402  
Operating Income (Loss) 664 686  
Income (loss) before income taxes 670 695  
Identifiable operating assets 2,574 2,332 2,355
Noncurrent investments 232 249 230
Pacific | Strategic Realignment      
Net operating revenues:      
Productivity, integration and restructuring initiatives   13  
Global Ventures      
Net operating revenues:      
Third Party 729 570  
Intersegment 0 0  
Net Operating Revenues 729 570  
Operating Income (Loss) 51 26  
Income (loss) before income taxes 56 27  
Identifiable operating assets 7,755 7,843 7,949
Noncurrent investments 0 4 0
Bottling investments      
Net operating revenues:      
Third Party 2,042 1,894  
Intersegment 2 2  
Net Operating Revenues 2,044 1,896  
Operating Income (Loss) 193 141  
Income (loss) before income taxes 393 317  
Identifiable operating assets 10,710 10,426 10,312
Noncurrent investments 13,193 13,833 12,669
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees (5) (5)  
Corporate      
Net operating revenues:      
Third Party 25 17  
Intersegment 0 0  
Net Operating Revenues 25 17  
Operating Income (Loss) (326) (295)  
Income (loss) before income taxes (505) (477)  
Identifiable operating assets 17,564 19,843 19,964
Noncurrent investments 4,494 4,282 4,466
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees   (32)  
Debt and Equity Securities, Gain (Loss) (104) 133  
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee (24)    
Tax litigation expense   9  
Charges related to debt extinguishment   58  
Corporate | BodyArmor      
Net operating revenues:      
Gain (loss) related to BodyArmor transaction (14)    
Corporate | Strategic Realignment      
Net operating revenues:      
Productivity, integration and restructuring initiatives   61  
Corporate | Productivity and Reinvestment      
Net operating revenues:      
Productivity, integration and restructuring initiatives 10 18  
Corporate | Operating Income (Loss) | Strategic Realignment      
Net operating revenues:      
Productivity, integration and restructuring initiatives   7  
Eliminations      
Net operating revenues:      
Third Party 0 0  
Intersegment (355) (334)  
Net Operating Revenues (355) (334)  
Operating Income (Loss) 0 0  
Income (loss) before income taxes 0 0  
Identifiable operating assets 0 0 0
Noncurrent investments 0 0 $ 0
fairlife | Corporate      
Net operating revenues:      
Contingent Consideration Liability $ 22 $ 4