| Operating Segments |
Information about our Company's operations for the nine months ended September 26, 2014 and September 27, 2013, by operating segment, is as follows (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eurasia
& Africa |
|
Europe |
|
Latin
America |
|
North
America |
|
Asia Pacific |
|
Bottling
Investments |
|
Corporate |
|
Eliminations |
|
Consolidated |
|
2014 |
|
|
|
|
|
|
|
|
|
Net operating revenues: |
|
|
|
|
|
|
|
|
|
Third party |
$ |
2,099 |
|
$ |
3,761 |
|
$ |
3,360 |
|
$ |
16,096 |
|
$ |
4,181 |
|
$ |
5,503 |
|
$ |
126 |
|
$ |
— |
|
$ |
35,126 |
|
Intersegment |
— |
|
530 |
|
46 |
|
13 |
|
432 |
|
53 |
|
— |
|
(1,074 |
) |
— |
|
Total net revenues |
2,099 |
|
4,291 |
|
3,406 |
|
16,109 |
|
4,613 |
|
5,556 |
|
126 |
|
(1,074 |
) |
35,126 |
|
Operating income (loss) |
858 |
|
2,363 |
|
1,954 |
|
2,015 |
|
2,041 |
|
26 |
|
(1,000 |
) |
— |
|
8,257 |
|
Income (loss) before income taxes |
893 |
|
2,398 |
|
1,957 |
|
1,593 |
|
2,059 |
|
481 |
|
(1,132 |
) |
— |
|
8,249 |
|
2013 |
|
|
|
|
|
|
|
|
|
Net operating revenues: |
|
|
|
|
|
|
|
|
|
Third party |
$ |
2,103 |
|
$ |
3,545 |
|
$ |
3,504 |
|
$ |
16,306 |
|
$ |
4,185 |
|
$ |
6,047 |
|
$ |
124 |
|
$ |
— |
|
$ |
35,814 |
|
Intersegment |
— |
|
520 |
|
169 |
|
13 |
|
431 |
|
61 |
|
— |
|
(1,194 |
) |
— |
|
Total net revenues |
2,103 |
|
4,065 |
|
3,673 |
|
16,319 |
|
4,616 |
|
6,108 |
|
124 |
|
(1,194 |
) |
35,814 |
|
Operating income (loss) |
845 |
|
2,261 |
|
2,209 |
|
1,875 |
|
2,024 |
|
186 |
|
(1,277 |
) |
— |
|
8,123 |
|
Income (loss) before income taxes |
868 |
|
2,318 |
|
2,213 |
|
1,879 |
|
2,042 |
|
677 |
|
(748 |
) |
— |
|
9,249 |
|
Information about our Company's operations as of and for the three months ended September 26, 2014 and September 27, 2013, by operating segment, is as follows (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eurasia
& Africa |
|
Europe |
|
Latin
America |
|
North
America |
|
Asia Pacific |
|
Bottling
Investments |
|
Corporate |
|
Eliminations |
|
Consolidated |
|
2014 |
|
|
|
|
|
|
|
|
|
Net operating revenues: |
|
|
|
|
|
|
|
|
|
Third party |
$ |
709 |
|
$ |
1,242 |
|
$ |
1,161 |
|
$ |
5,596 |
|
$ |
1,421 |
|
$ |
1,804 |
|
$ |
43 |
|
$ |
— |
|
$ |
11,976 |
|
Intersegment |
— |
|
187 |
|
16 |
|
3 |
|
154 |
|
19 |
|
— |
|
(379 |
) |
— |
|
Total net revenues |
709 |
|
1,429 |
|
1,177 |
|
5,599 |
|
1,575 |
|
1,823 |
|
43 |
|
(379 |
) |
11,976 |
|
Operating income (loss) |
265 |
|
752 |
|
653 |
|
760 |
|
638 |
|
14 |
|
(371 |
) |
— |
|
2,711 |
|
Income (loss) before income taxes |
272 |
|
763 |
|
654 |
|
486 |
|
648 |
|
205 |
|
(368 |
) |
— |
|
2,660 |
|
Identifiable operating assets |
1,421 |
|
3,610 |
|
2,777 |
|
33,750 |
|
1,934 |
|
6,887 |
|
31,616 |
|
— |
|
81,995 |
|
Noncurrent investments |
1,162 |
|
98 |
|
790 |
|
43 |
|
158 |
|
9,381 |
|
2,687 |
|
— |
|
14,319 |
|
2013 |
|
|
|
|
|
|
|
|
|
Net operating revenues: |
|
|
|
|
|
|
|
|
|
Third party |
$ |
669 |
|
$ |
1,232 |
|
$ |
1,208 |
|
$ |
5,715 |
|
$ |
1,368 |
|
$ |
1,811 |
|
$ |
27 |
|
$ |
— |
|
$ |
12,030 |
|
Intersegment |
— |
|
188 |
|
22 |
|
4 |
|
128 |
|
21 |
|
— |
|
(363 |
) |
— |
|
Total net revenues |
669 |
|
1,420 |
|
1,230 |
|
5,719 |
|
1,496 |
|
1,832 |
|
27 |
|
(363 |
) |
12,030 |
|
Operating income (loss) |
231 |
|
742 |
|
720 |
|
803 |
|
575 |
|
22 |
|
(621 |
) |
— |
|
2,472 |
|
Income (loss) before income taxes |
228 |
|
755 |
|
719 |
|
805 |
|
585 |
|
214 |
|
74 |
|
— |
|
3,380 |
|
Identifiable operating assets |
1,340 |
|
3,567 |
|
2,672 |
|
34,278 |
|
1,848 |
|
6,836 |
|
27,356 |
|
— |
|
77,897 |
|
Noncurrent investments |
1,160 |
|
104 |
|
525 |
|
44 |
|
140 |
|
9,486 |
|
76 |
|
— |
|
11,535 |
|
As of December 31, 2013 |
|
|
|
|
|
|
|
|
|
Identifiable operating assets |
$ |
1,273 |
|
$ |
3,713 |
|
$ |
2,918 |
|
$ |
33,964 |
|
$ |
1,922 |
|
$ |
7,011 |
|
$ |
27,742 |
|
$ |
— |
|
$ |
78,543 |
|
Noncurrent investments |
1,157 |
|
106 |
|
545 |
|
49 |
|
143 |
|
9,424 |
|
88 |
|
— |
|
11,512 |
|
|