Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Tables)

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OPERATING SEGMENTS (Tables)
 3 Months Ended
Mar. 29, 2024
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 29, 2024                
Net operating revenues:                
Third party $ 1,776  $ 1,527  $ 4,172  $ 1,253  $ 730  $ 1,815  $ 27  $ —  $ 11,300 
Intersegment 197  —  2  216  —  2  —  (417) — 
Total net operating revenues 1,973  1,527  4,174  1,469  730  1,817  27  (417) 11,300 
Operating income (loss) 1,080  942  445  654  55  156  (1,191) —  2,141 
Income (loss) before income taxes 1,089  947  455  658  56  424  243  —  3,872 
Identifiable operating assets 7,244  3,301  26,002  2,568 
2
 7,534  7,788 
2
 25,313  —  79,750 
Investments1
386  725  15  70  —  13,349  5,097  —  19,642 
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 
3
 7,388  9,653 
3
 21,925  —  78,323 
Investments1
401  681  15  77  —  13,200  4,707  —  19,081 
As of December 31, 2023                
Identifiable operating assets $ 7,117  $ 3,149  $ 25,808  $ 2,428 
2
 $ 7,607  $ 9,871 
2
 $ 21,934  $ —  $ 77,914 
Investments1
389  712  15  71  —  13,639  4,963  —  19,789 
1Principally equity method investments and other investments in bottling companies.
2Property, plant and equipment — net in India represented 13% and 12% of consolidated property, plant and equipment — net as of March 29, 2024 and December 31, 2023, respectively.
3Property, plant and equipment — net in the Philippines represented 10% of consolidated property, plant and equipment — net as of March 31, 2023. As of December 31, 2023, the Company’s bottling operations in the Philippines met the criteria to be classified as held for sale. Refer to Note 2.