Annual report pursuant to Section 13 and 15(d)

INVENTORIES

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INVENTORIES
12 Months Ended
Dec. 31, 2011
Inventories [Abstract]  
INVENTORIES
INVENTORIES
Inventories consist primarily of raw materials and packaging (which includes ingredients and supplies) and finished goods (which include concentrates and syrups in our concentrate operations, and finished beverages in our finished products operations). Inventories are valued at the lower of cost or market. We determine cost on the basis of the average cost or first-in, first-out methods. Inventories consisted of the following (in millions):
December 31,
2011

 
2010

Raw materials and packaging
$
1,680

 
$
1,425

Finished goods
1,198

 
1,029

Other
214

 
196

Total inventories
$
3,092

 
$
2,650