Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Jun. 28, 2024
Jun. 30, 2023
Net Operating Revenues $ 12,363 $ 11,972 $ 23,663 $ 22,952
Cost of goods sold 4,812 4,912 9,047 9,229
Gross Profit 7,551 7,060 14,616 13,723
Selling, general and administrative expenses 3,549 3,321 6,900 6,506
Other operating charges 1,370 1,338 2,943 1,449
Operating Income 2,632 2,401 4,773 5,768
Interest income 275 224 521 392
Interest expense 418 374 800 746
Equity income (loss) — net 537 538 891 813
Other income (loss) — net 2 91 1,515 706
Income Before Income Taxes 3,028 2,880 6,900 6,933
Income taxes 627 359 1,314 1,299
Consolidated Net Income 2,401 2,521 5,586 5,634
Net Income (Loss) Attributable to Noncontrolling Interest (10) (26) (2) (20)
Net Income Attributable to Shareowners of The Coca-Cola Company $ 2,411 $ 2,547 $ 5,588 $ 5,654
Basic Net Income Per Share1 $ 0.56 $ 0.59 $ 1.30 $ 1.31
Diluted Net Income Per Share1 $ 0.56 $ 0.59 $ 1.29 $ 1.30
Average Shares Outstanding — Basic 4,309,000,000 4,325,000,000 4,309,000,000 4,325,000,000
Effect of dilutive securities 10,000,000 16,000,000 12,000,000 18,000,000
Average Shares Outstanding — Diluted 4,319,000,000 4,341,000,000 4,321,000,000 4,343,000,000