Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Tables)

v3.22.2
OPERATING SEGMENTS (Tables)
 3 Months Ended 6 Months Ended
Jul. 01, 2022
Jul. 01, 2022
Segment Reporting [Abstract]    
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 Three Months Ended July 1, 2022                
Net operating revenues:                
Third party $ 2,018  $ 1,140  $ 4,029  $ 1,343  $ 695  $ 2,077  $ 23  $ —  $ 11,325 
Intersegment 166  —  1  223  —  2  —  (392) — 
Total net operating revenues 2,184  1,140  4,030  1,566  695  2,079  23  (392) 11,325 
Operating income (loss) 1,291  674  840  753  44  113  (1,374) —  2,341 
Income (loss) before income taxes 1,225  680  848  757  48  453  (1,727) —  2,284 
Identifiable operating assets 7,721 
2
 2,054  26,372  2,628 
3
 7,210  9,881 
2,3
 18,928  —  74,794 
Investments1
439  605  19  222  —  12,569  4,521  —  18,375 
As of and for the Three Months
Ended July 2, 2021		                
Net operating revenues:                
Third party $ 1,874  $ 1,067  $ 3,379  $ 1,350  $ 707  $ 1,735  $ 17  $ —  $ 10,129 
Intersegment 143  —  2  153  —  3  —  (301) — 
Total net operating revenues 2,017  1,067  3,381  1,503  707  1,738  17  (301) 10,129 
Operating income (loss) 1,142  678  950  766  75  92  (687) —  3,016 
Income (loss) before income taxes 1,169  681  959  779  78  422  (470) —  3,618 
Identifiable operating assets 8,574 
2
 1,748  19,646  2,252 
3
 7,854  10,375 
2,3
 20,329  —  70,778 
Investments1
478  630  346  231  3  13,382  4,346  —  19,416 
As of December 31, 2021                
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 
1Principally equity method investments and other investments in bottling companies.
2Property, plant and equipment — net in South Africa represented 17 percent, 16 percent and 16 percent of consolidated property, plant and equipment — net as of July 1, 2022, July 2, 2021 and December 31, 2021, respectively.
3Property, plant and equipment — net in the Philippines represented 10 percent of consolidated property, plant and equipment — net as of July 1, 2022, July 2, 2021 and December 31, 2021.
Europe, Middle East & Africa Latin
America 		North
America		 Asia Pacific Global Ventures Bottling
Investments		 Corporate Eliminations Consolidated
Six Months Ended July 1, 2022                
Net operating revenues:                
Third party $ 3,679  $ 2,354  $ 7,618  $ 2,574  $ 1,424  $ 4,119  $ 48  $ —  $ 21,816 
Intersegment 338  —  2  403  —  4  —  (747) — 
Total net operating revenues 4,017  2,354  7,620  2,977  1,424  4,123  48  (747) 21,816 
Operating income (loss) 2,298  1,434  1,896  1,417  95  306  (1,700) —  5,746 
Income (loss) before income taxes 2,248  1,437  1,912  1,427  104  846  (2,232) —  5,742 
Six Months Ended July 2, 2021                
Net operating revenues:                
Third party $ 3,336  $ 1,976  $ 6,315  $ 2,582  $ 1,277  $ 3,629  $ 34  $ —  $ 19,149 
Intersegment 304  —  3  323  —  5  —  (635) — 
Total net operating revenues 3,640  1,976  6,318  2,905  1,277  3,634  34  (635) 19,149 
Operating income (loss) 1,962  1,230  1,742  1,452  101  233  (982) —  5,738 
Income (loss) before income taxes 1,999  1,236  1,775  1,474  105  739  (947) —  6,381