Annual report pursuant to Section 13 and 15(d)

OPERATING SEGMENTS (Tables)

v3.22.4
OPERATING SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
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, 2022 2021 2020
Concentrate operations 56  % 56  % 56  %
Finished product operations 44  44  44 
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, 2022 2021 2020
United States $ 15,413  $ 13,010  $ 11,281 
International 27,591  25,645  21,733 
Net operating revenues $ 43,004  $ 38,655  $ 33,014 
The following table provides information related to our property, plant and equipment — net (in millions):
Year Ended December 31, 2022 2021 2020
United States $ 3,494  $ 3,420  $ 3,988 
International 6,347  6,500  6,789 
Property, plant and equipment — net $ 9,841  $ 9,920  $ 10,777 
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, 2022
                
Net operating revenues:                
Third party $ 6,896  $ 4,910  $ 15,667  $ 4,711 

$ 2,843  $ 7,883  $ 94  $ —  $ 43,004 
Intersegment 627  —  7  734  —  8  —  (1,376) — 
Total net operating revenues 7,523  4,910  15,674  5,445  2,843  7,891  94  (1,376) 43,004 
Operating income (loss) 3,958  2,870  3,742  2,303  185  487  (2,636) —  10,909 
Interest income —  —  29  —  9  —  411  —  449 
Interest expense —  —  —  —  —  —  882  —  882 
Depreciation and amortization 63  39  330  58  140  435  195  —  1,260 
Equity income (loss) — net 43  7  (1) 9  —  1,184  230  —  1,472 
Income (loss) before income taxes 3,952  2,879  3,768  2,320  196  1,743  (3,172) —  11,686 
Identifiable operating assets 7,088  2,067  25,760  2,368 
2
 7,325  10,232 
2
 19,158  —  73,998 
Investments1
410  629  15  219  —  12,892  4,600  —  18,765 
Capital expenditures 50  4  280  22  179  697  252  —  1,484 
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  1,720  25,730  2,355 
2
 7,949  10,312 
2
 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 
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 
Capital expenditures 27  6  182  20  261  474  207  —  1,177 
1Principally equity method investments and other investments in bottling companies.
2Property, plant and equipment — net in the Philippines represented 10 percent of consolidated property, plant and equipment — net as of December 31, 2022 and 2021.