Annual report pursuant to Section 13 and 15(d)

INVENTORIES

v3.6.0.2
INVENTORIES
12 Months Ended
Dec. 31, 2016
Inventories [Abstract]  
INVENTORIES
INVENTORIES
Inventories consist primarily of raw materials and packaging (which include 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,
2016

 
2015

Raw materials and packaging
$
1,565

 
$
1,564

Finished goods
844

 
1,032

Other
266

 
306

Total inventories
$
2,675

 
$
2,902