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

Annual report pursuant to Section 13 and 15(d)

LEASES LEASES (Tables)

LEASES LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Lessee Operating Lease Weighted Average Remaining Lease Term and Discount Rate [Table Text Block]

Information associated with the measurement of our remaining operating lease obligations as of December 31, 2019 is as follows:



Weighted-average remaining lease term	7 years
Weighted-average discount rate	3	%

Lessee Operating Lease Balance Sheet Information [Table Text Block]

Balance sheet information related to operating leases is as follows (in millions):



	December 31, 2019
Operating lease ROU assets¹	$	1,372
Current portion of operating lease liabilities²	$	281
Noncurrent portion of operating lease liabilities³	1,111
Total operating lease liabilities	$	1,392

¹Operating lease ROU assets are recorded in the line item other assets in our consolidated balance sheet.

²The current portion of operating lease liabilities is recorded in the line item accounts payable and accrued expenses in our

consolidated balance sheet.

³The noncurrent portion of operating lease liabilities is recorded in the line item other liabilities in our consolidated balance sheet.

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table summarizes the maturity of our operating lease liabilities as of December 31, 2019 (in millions):



2020	$	297
2021	260
2022	221
2023	179
2024	144
Thereafter	444
Total operating lease payments	$	1,545
Less: Imputed interest	153
Total operating lease liabilities	$	1,392

The following table summarizes our minimum lease payments under noncancelable operating leases with initial or remaining lease terms in excess of one year as of December 31, 2018 (in millions):



2019	$	156
2020	87
2021	72
2022	63
2023	45
Thereafter	102
Total minimum operating lease payments	$	525