The Coca-Cola Company Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

OPERATING SEGMENTS (Tables)

OPERATING SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting Information [Line Items]

Schedule of total net operating revenues related to concentrate and finished products operation

The following table sets forth the percentage of total net operating revenues related to concentrate operations and finished product operations:



Year Ended December 31,	2017		2016		2015
Concentrate operations¹	51	%	40	%	37	%
Finished product operations²	49		60		63
Total	100	%	100	%	100	%


¹	Includes concentrates sold by the Company to authorized bottling partners for the manufacture of fountain syrups. The bottlers then typically sell the fountain syrups to wholesalers or directly to fountain retailers.


²	Includes fountain syrups manufactured by the Company, including consolidated bottling operations, and sold to fountain retailers or to authorized fountain wholesalers or bottling partners who resell the fountain syrups to fountain retailers.

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,	2017		2016		2015
United States	$	14,727	$	19,899	$	20,360
International	20,683		21,964		23,934
Net operating revenues	$	35,410	$	41,863	$	44,294

The following table provides information related to our property, plant and equipment — net (in millions):



Year Ended December 31,	2017		2016		2015
United States	$	4,163	$	6,784	$	8,266
International	4,040		3,851		4,305
Property, plant and equipment — net	$	8,203	$	10,635	$	12,571

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Information about our Company's continuing operations by operating segment as of and for the years ended December 31, 2017, 2016 and 2015, is as follows (in millions):



	Europe, Middle East & Africa			Latin America			North America			Asia Pacific			Bottling Investments				Corporate			Eliminations			Consolidated
2017
Net operating revenues:
Third party	$	7,332		$	3,956		$	8,651		$	4,767		$	10,524			$	138		$	—		$	35,368
Intersegment	42			73			1,986			409			81				—			(2,549		)	42		⁴
Total net operating revenues	7,374			4,029			10,637			5,176			10,605				138			(2,549		)	35,410
Operating income (loss)	3,646			2,214			2,578			2,163			(1,117		)		(1,983		)	—			7,501
Interest income	—			—			44			—			—				633			—			677
Interest expense	—			—			—			—			—				841			—			841
Depreciation and amortization	91			37			411			65			454				202			—			1,260
Equity income (loss) — net	48			(3		)	(3		)	11			878				140			—			1,071
Income (loss) from continuing operations before income taxes	3,706			2,211			2,307			2,179			(2,345		)		(1,316		)	—			6,742
Identifiable operating assets¹	5,475			1,896			17,619			2,072		²	4,493			²	27,060			—			58,615		⁵
Investments³	1,238			891			112			177			15,998				3,536			—			21,952
Capital expenditures	81			55			541			50			662				286			—			1,675
2016
Net operating revenues:
Third party	$	7,014		$	3,746		$	6,437		$	4,788		$	19,751			$	127		$	—		$	41,863
Intersegment	264			73			3,773			506			134				5			(4,755		)	—
Total net operating revenues	7,278			3,819			10,210			5,294			19,885				132			(4,755		)	41,863
Operating income (loss)	3,676			1,951			2,582			2,224			(137		)		(1,670		)	—			8,626
Interest income	—			—			27			—			—				615			—			642
Interest expense	—			—			—			—			—				733			—			733
Depreciation and amortization	93			35			426			80			1,013				140			—			1,787
Equity income (loss) — net	62			18			(17		)	9			648				115			—			835
Income (loss) from continuing operations before income taxes	3,749			1,966			2,560			2,238			(1,923		)		(454		)	—			8,136
Identifiable operating assets¹	4,067			1,785			16,566			2,024			15,973				29,606			—			70,021
Investments³	1,302			804			109			164			11,456				3,414			—			17,249
Capital expenditures	62			45			438			107			1,329				281			—			2,262
2015
Net operating revenues:
Third party	$	6,966		$	3,999		$	5,581		$	4,707		$	22,885			$	156		$	—		$	44,294
Intersegment	621			75			4,259			545			178				10			(5,688		)	—
Total net operating revenues	7,587			4,074			9,840			5,252			23,063				166			(5,688		)	44,294
Operating income (loss)	3,875			2,169			2,366			2,189			124				(1,995		)	—			8,728
Interest income	—			—			9			—			—				604			—			613
Interest expense	—			—			—			—			—				856			—			856
Depreciation and amortization	103			41			373			85			1,211				157			—			1,970
Equity income (loss) — net	39			(7		)	(18		)	9			426				40			—			489
Income (loss) from continuing operations before income taxes	3,923			2,164			2,356			2,207			(427		)		(618		)	—			9,605
Identifiable operating assets¹	4,156		²	1,627			16,396			1,639			22,688			²	27,702			—			74,208
Investments³	1,138			657			107			158			8,084				5,644			—			15,788
Capital expenditures	54			70			377			81			1,699				272			—			2,553


¹	Principally cash and cash equivalents, short-term investments, marketable securities, trade accounts receivable, inventories, goodwill, trademarks and other intangible assets, and property, plant and equipment — net.

Property, plant and equipment — net in India represented 11 percent of consolidated property, plant and equipment — net in 2017. Property, plant and equipment — net in Germany represented 10 percent of consolidated property, plant and equipment — net in 2015. The 2015 amount includes property, plant and equipment — net classified as held for sale. During the year ended December 31, 2016, the Company deconsolidated our German bottling operations. Refer to Note 2.


³	Principally equity method investments and other investments in bottling companies.