Annual report pursuant to Section 13 and 15(d)

INVENTORIES

v2.4.1.9
INVENTORIES
12 Months Ended
Dec. 31, 2014
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 product 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,
2014

 
2013

Raw materials and packaging
$
1,615

 
$
1,692

Finished goods
1,134

 
1,240

Other
351

 
345

Total inventories
$
3,100

 
$
3,277