Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Tables)

v3.23.1
OPERATING SEGMENTS (Tables)
 3 Months Ended
Mar. 31, 2023
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 March 31, 2023                
Net operating revenues:                
Third party $ 1,831  $ 1,386  $ 3,902  $ 1,185  $ 707  $ 1,944  $ 25  $ —  $ 10,980 
Intersegment 193  —  2  186  —  2  —  (383) — 
Total net operating revenues 2,024  1,386  3,904  1,371  707  1,946  25  (383) 10,980 
Operating income (loss) 1,135  853  1,033  563  51  139  (407) —  3,367 
Income (loss) before income taxes 1,142  855  1,041  423  57  504  31  —  4,053 
Identifiable operating assets 7,682  2,315  26,692  2,668 
2
 7,388  9,653 
2
 21,925  —  78,323 
Investments1
401  681  15  77  —  13,200  4,707  —  19,081 
As of and for the Three Months Ended April 1, 2022                
Net operating revenues:                
Third party $ 1,661  $ 1,214  $ 3,589  $ 1,231  $ 729  $ 2,042  $ 25  $ —  $ 10,491 
Intersegment 172  —  1  180  —  2  —  (355) — 
Total net operating revenues 1,833  1,214  3,590  1,411  729  2,044  25  (355) 10,491 
Operating income (loss) 1,007  760  1,056  664  51  193  (326) —  3,405 
Income (loss) before income taxes 1,023  757  1,064  670  56  393  (505) —  3,458 
Identifiable operating assets 8,092  1,988  26,395  2,574 
2
 7,755  10,710 
2
 17,564  —  75,078 
Investments1
415  633  19  232  —  13,193  4,494  —  18,986 
As of December 31, 2022                
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 
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 March 31, 2023, April 1, 2022 and December 31, 2022.