| Schedule of Segment Reporting Information, by Segment |
Information about our Company’s operations by operating segment and Corporate is as follows (in millions):
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Europe, Middle East & Africa |
Latin
America |
North
America |
Asia Pacific |
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Global Ventures |
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Bottling
Investments |
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Corporate |
Eliminations |
Consolidated |
| As of and for the Three Months Ended June 28, 2024 |
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| Net operating revenues: |
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| Third party |
$ |
2,184
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$ |
1,650
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$ |
4,808
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$ |
1,386
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$ |
768
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$ |
1,537
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$ |
30
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$ |
—
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$ |
12,363
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| Intersegment |
155
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—
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4
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126
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—
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2
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—
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(287) |
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—
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| Total net operating revenues |
2,339
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1,650
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4,812
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1,512
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768
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1,539
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30
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(287) |
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12,363
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| Operating income (loss) |
1,252
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920
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1,312
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|
647
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92
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98
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(1,689) |
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—
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2,632
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| Income (loss) before income taxes |
1,267
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|
887
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1,324
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|
648
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|
94
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548
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(1,740) |
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—
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3,028
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| Identifiable operating assets |
7,475
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|
3,064
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25,972
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2,532
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2 |
7,576
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7,888
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2 |
27,588
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—
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82,095
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Investments1
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402
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|
671
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15
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54
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—
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12,751
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5,214
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—
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19,107
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As of and for the Three Months
Ended June 30, 2023 |
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| Net operating revenues: |
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| Third party |
$ |
2,043 |
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$ |
1,378 |
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$ |
4,365 |
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$ |
1,349 |
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$ |
765 |
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$ |
2,042 |
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$ |
30 |
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$ |
— |
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$ |
11,972 |
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| Intersegment |
145 |
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— |
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2 |
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218 |
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— |
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— |
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— |
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(365) |
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— |
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| Total net operating revenues |
2,188 |
|
1,378 |
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4,367 |
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1,567 |
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|
765 |
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2,042 |
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30 |
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(365) |
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11,972 |
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| Operating income (loss) |
1,133 |
|
797 |
|
1,216 |
|
673 |
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|
78 |
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|
122 |
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(1,618) |
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— |
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2,401 |
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| Income (loss) before income taxes |
1,147 |
|
802 |
|
1,227 |
|
675 |
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|
78 |
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|
577 |
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(1,626) |
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— |
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2,880 |
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| Identifiable operating assets |
7,729 |
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2,474 |
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26,109 |
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2,453 |
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2, 3 |
7,622 |
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9,281 |
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2, 3 |
23,368 |
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— |
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79,036 |
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Investments1
|
394 |
|
728 |
|
15 |
|
76 |
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— |
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13,406 |
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|
4,801 |
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— |
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19,420 |
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| As of December 31, 2023 |
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| Identifiable operating assets |
$ |
7,117 |
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$ |
3,149 |
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$ |
25,808 |
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$ |
2,428 |
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2 |
$ |
7,607 |
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$ |
9,871 |
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2 |
$ |
21,934 |
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$ |
— |
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$ |
77,914 |
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Investments1
|
389 |
|
712 |
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15 |
|
71 |
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— |
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13,639 |
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4,963 |
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— |
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19,789 |
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1Principally equity method investments and other investments in bottling companies.
2Property, plant and equipment — net in India represented 14%, 10% and 12% of consolidated property, plant and equipment — net as of June 28, 2024, June 30, 2023 and December 31, 2023, respectively.
3Property, plant and equipment — net in the Philippines represented 10% of consolidated property, plant and equipment — net as of June 30, 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.
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