Annual report pursuant to Section 13 and 15(d)

OPERATING SEGMENTS (Tables)

v3.25.0.1
OPERATING SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Percentage of total net operating revenues attributable to concentrate operations and finished product operations
The following table sets forth the percentage of total net operating revenues attributable to concentrate operations and finished product operations:
Year Ended December 31, 2024 2023 2022
Concentrate operations 59  % 58  % 56  %
Finished product operations 41  42  44 
Total 100  % 100  % 100  %
Schedule of net revenue and property plant and equipment by geography
The following table provides information related to our net operating revenues (in millions):
Year Ended December 31, 2024 2023 2022
United States $ 18,362  $ 16,550  $ 15,413 
International 28,699  29,204  27,591 
Net operating revenues $ 47,061  $ 45,754  $ 43,004 
The following table provides information related to our property, plant and equipment — net (in millions):
December 31, 2024 2023
United States $ 4,364  $ 3,682 
International 5,939  5,554 
Property, plant and equipment — net1
$ 10,303  $ 9,236 
1Property, plant and equipment — net in India represented 13% and 12% of consolidated property, plant and equipment — net as of December 31, 2024 and 2023, respectively.
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
Year Ended December 31, 2024
                
Net operating revenues:                
Third party $ 7,442  $ 6,459  $ 18,640  $ 5,079 

$ 3,129  $ 6,215  $ 97  $ —  $ 47,061 
Intersegment 680  —  9  467  —  8  —  (1,164) — 
Total net operating revenues 8,122  6,459  18,649  5,546  3,129  6,223  97  (1,164) 47,061 
Cost of goods sold 1,763  1,099  9,595  1,665  1,368  4,251  (253) (1,164) 18,324 
Selling, general and
administrative expenses
 2,234  1,454  3,958  1,733  1,402  1,476  2,325  —  14,582 
Other operating charges —  126  760  —  —  —  3,277  —  4,163 
Operating income (loss) $ 4,125  $ 3,780  $ 4,336  $ 2,148  $ 359  $ 496  $ (5,252) $ —  $ 9,992 
Interest income 988 
Interest expense 1,656 
Equity income (loss) — net 1,770 
Other income (loss) — net 1,992 
Income before income taxes $ 13,086 
Other segment information:
Capital expenditures $ 18  $ 1  $ 602  $ 18  $ 204  $ 734  $ 487  $ —  $ 2,064 
Depreciation and amortization 57  29  325  45  124  319  176  —  1,075 
Year Ended December 31, 2023
                
Net operating revenues:                
Third party $ 7,392  $ 5,830  $ 16,766  $ 4,724  $ 3,064  $ 7,852  $ 126  $ —  $ 45,754 
Intersegment 686  —  8  731  —  8  —  (1,433) — 
Total net operating revenues 8,078  5,830  16,774  5,455  3,064  7,860  126  (1,433) 45,754 
Cost of goods sold 1,645  1,040  8,791  1,600  1,394  5,615  (132) (1,433) 18,520 
Selling, general and
administrative expenses
 2,231  1,358  3,522  1,780  1,341  1,667  2,073  —  13,972 
Other operating charges —  —  26  35  —  —  1,890  —  1,951 
Operating income (loss) $ 4,202  $ 3,432  $ 4,435  $ 2,040  $ 329  $ 578  $ (3,705) $ —  $ 11,311 
Interest income 907 
Interest expense 1,527 
Equity income (loss) — net 1,691 
Other income (loss) — net 570
Income before income taxes $ 12,952 
Other segment information:
Capital expenditures $ 43  $ 1  $ 412  $ 23  $ 192  $ 843  $ 338  $ —  $ 1,852 
Depreciation and amortization 59  48  310  50  128  389  144  —  1,128 
Europe,
Middle East & Africa		 Latin
America		 North
America		 Asia Pacific Global Ventures Bottling
Investments		 Corporate Eliminations Consolidated
Year Ended December 31, 2022    
Net operating revenues:    
Third party $ 6,896  $ 4,910  $ 15,667  $ 4,711  $ 2,843  $ 7,883  $ 94  $ —  $ 43,004 
Intersegment 627  —  7  734  —  8  —  (1,376) — 
Total net operating revenues 7,523  4,910  15,674  5,445  2,843  7,891  94  (1,376) 43,004 
Cost of goods sold 1,502  872  8,697  1,406  1,334  5,664  (99) (1,376) 18,000 
Selling, general and
administrative expenses
 2,070  1,168  3,216  1,679  1,324  1,740  1,683  —  12,880 
Other operating charges (7) —  19  57  —  —  1,146  —  1,215 
Operating income (loss) $ 3,958  $ 2,870  $ 3,742  $ 2,303  $ 185  $ 487  $ (2,636) $ —  $ 10,909 
Interest income 449 
Interest expense 882 
Equity income (loss) — net 1,472 
Other income (loss) — net (262)
Income before income taxes $ 11,686 
Other segment information:
Capital expenditures $ 50  $ 4  $ 280  $ 22  $ 179  $ 697  $ 252  $ —  $ 1,484 
Depreciation and amortization 63  39  330  58  140  435  195  —  1,260