Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF SHAREOWNERS' EQUITY

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CONSOLIDATED STATEMENTS OF SHAREOWNERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Total Equity Attributable To Shareowners Of The Coca-Cola Company
COMMON STOCK
CAPITAL SURPLUS
Reinvested Earnings
Reinvested Earnings
Cumulative Effect, Period of Adoption, Adjustment
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
TREASURY STOCK
Equity Attributable To Noncontrolling Interests
Balance at beginning of year (in shares) at Dec. 31, 2020     4,302            
Increase (Decrease) in Stockholders' Equity                  
Treasury stock issued to employees related to stock-based compensation plans     23            
Purchases of stock for treasury     0            
Balance at end of year (in shares) at Dec. 31, 2021     4,325            
Balance at beginning of year at Dec. 31, 2020       $ 17,601 $ 66,555   $ (14,601) $ (52,016) $ 1,985
Increase (Decrease) in Stockholders' Equity                  
Stock issued to employees related to stock compensation plans       216       375  
Stock-based compensation expense       299          
Other activities       0          
Net Income Attributable to Shareowners of The Coca-Cola Company $ 9,771       9,771        
Dividends (per share — $1.84, $1.76 and $1.68 in 2023, 2022 and 2021, respectively)         (7,251)        
Net other comprehensive income (loss)             271    
Purchases of treasury stock               0  
Net income attributable to noncontrolling interests 33               33
Net foreign currency translation adjustments                 (132)
Dividends paid to noncontrolling interests                 (43)
Acquisition of interests held by noncontrolling owners                 0
Contributions by noncontrolling interests                 20
Other activities                 (2)
Balance at end of year at Dec. 31, 2021       18,116 69,094 $ 19 (14,330) (51,641) 1,861
Common Stock     $ 1,760            
Increase (Decrease) in Stockholders' Equity                  
Stockholders' Equity Attributable to Parent   $ 22,999              
Treasury stock issued to employees related to stock-based compensation plans     24            
Purchases of stock for treasury     (21)            
Balance at end of year (in shares) at Dec. 31, 2022     4,328            
Increase (Decrease) in Stockholders' Equity                  
Stock issued to employees related to stock compensation plans       373       376  
Stock-based compensation expense       332          
Other activities       1          
Net Income Attributable to Shareowners of The Coca-Cola Company 9,542       9,542        
Dividends (per share — $1.84, $1.76 and $1.68 in 2023, 2022 and 2021, respectively)         (7,617)        
Net other comprehensive income (loss)             (565)    
Purchases of treasury stock               (1,336)  
Net income attributable to noncontrolling interests 29               29
Net foreign currency translation adjustments                 (118)
Dividends paid to noncontrolling interests                 (51)
Acquisition of interests held by noncontrolling owners                 0
Contributions by noncontrolling interests                 0
Other activities                 0
Balance at end of year at Dec. 31, 2022 25,826     18,822 71,019 0 (14,895) (52,601) 1,721
Common Stock 1,760   $ 1,760            
Increase (Decrease) in Stockholders' Equity                  
Stockholders' Equity Attributable to Parent 24,105 24,105              
Treasury stock issued to employees related to stock-based compensation plans     17            
Purchases of stock for treasury     (37)            
Balance at end of year (in shares) at Dec. 31, 2023     4,308            
Increase (Decrease) in Stockholders' Equity                  
Stock issued to employees related to stock compensation plans       177       255  
Stock-based compensation expense       233          
Other activities       (3)          
Net Income Attributable to Shareowners of The Coca-Cola Company 10,714       10,714        
Dividends (per share — $1.84, $1.76 and $1.68 in 2023, 2022 and 2021, respectively)         (7,951)        
Net other comprehensive income (loss)             620    
Purchases of treasury stock               (2,189)  
Net income attributable to noncontrolling interests (11)               (11)
Net foreign currency translation adjustments (147)               (147)
Dividends paid to noncontrolling interests                 (25)
Acquisition of interests held by noncontrolling owners       (20)         (2)
Contributions by noncontrolling interests                 0
Net change in pension and other postretirement benefit liabilities 0                
Other activities                 3
Balance at end of year at Dec. 31, 2023 27,480     $ 19,209 $ 73,782 $ 0 $ (14,275) $ (54,535) $ 1,539
Common Stock 1,760   $ 1,760            
Increase (Decrease) in Stockholders' Equity                  
Stockholders' Equity Attributable to Parent $ 25,941 $ 25,941