Annual report pursuant to Section 13 and 15(d)

OPERATING SEGMENTS (Tables)

v3.19.3.a.u2
OPERATING SEGMENTS (Tables)
12 Months Ended
Dec. 31, 2019
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,
2019

2018

2017

Concentrate operations
55
%
58
%
50
%
Finished product operations
45

42

50

Total
100
%
100
%
100
%

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,
2019

2018

2017

United States
$
11,715

$
11,344

$
14,727

International
25,551

22,956

21,485

Net operating revenues
$
37,266

$
34,300

$
36,212

The following table provides information related to our property, plant and equipment — net (in millions):
Year Ended December 31,
2019

2018

2017

United States
$
4,062

$
4,154

$
4,163

International
6,776

5,444

5,475

Property, plant and equipment — net
$
10,838

$
9,598

$
9,638


Schedule of Segment Reporting Information, by Segment [Table Text Block]
Information about our Company's operations by operating segment and Corporate as of and for the years ended December 31, 2019, 2018 and 2017 is as follows (in millions):
 
Europe, Middle East & Africa

 
Latin
America

 
North
America

 
Asia Pacific

 
Global Ventures

 
Bottling
Investments

 
Corporate

 
Eliminations

 
Consolidated

 
2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Third party
$
6,434

 
$
4,118

 
$
11,906

 
$
4,723


$
2,560

 
$
7,431

 
$
94

 
$

 
$
37,266

 
   Intersegment
624

 

 
9

 
604

 
2

 
9

 

 
(1,248
)
 

 
   Total net operating revenues
7,058

 
4,118

 
11,915

 
5,327

 
2,562

 
7,440

 
94

 
(1,248
)
 
37,266

 
Operating income (loss)
3,551

 
2,375

 
2,594

 
2,282

 
334

 
358

 
(1,408
)
 

 
10,086

 
Interest income

 

 
65

 

 
12

 

 
486

 

 
563

 
Interest expense

 

 

 

 

 

 
946

 

 
946

 
Depreciation and amortization
86

 
35

 
439

 
31

 
117

 
446

 
211

 

 
1,365

 
Equity income (loss) — net
35

 
(32
)
 
(6
)
 
11

 
(3
)
 
836

 
208

 

 
1,049

 
Income (loss) before income
  taxes
3,361

 
2,288

 
2,592

 
2,310

 
343

 
716

 
(824
)
 

 
10,786

 
Identifiable operating assets
8,143

1 
1,801

 
17,687

 
2,060


7,265

 
11,170

1 
18,376

 

 
66,502

 
Investments2
543

 
716

 
358

 
224

 
14

 
14,093

 
3,931

 

 
19,879

 
Capital expenditures
108

 
140

 
392

 
47

 
209

 
836

 
322

 

 
2,054

 
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Third party
$
6,535

 
$
3,971

 
$
11,370

 
$
4,797

 
$
767

 
$
6,768

 
$
92

 
$

 
$
34,300

 
   Intersegment
564

 
39

 
260

 
388

 
3

 
19

 

 
(1,273
)
 

 
   Total net operating revenues
7,099

 
4,010

 
11,630

 
5,185

 
770

 
6,787

 
92

 
(1,273
)
 
34,300

 
Operating income (loss)
3,693

 
2,318

 
2,318

 
2,271

 
152

 
(197
)
 
(1,403
)
 

 
9,152

 
Interest income

 

 
57

 

 
13

 

 
619

 

 
689

 
Interest expense

 

 

 

 

 

 
950

 

 
950

 
Depreciation and amortization
77

 
30

 
422

 
58

 
8

 
239

 
252

 

 
1,086

 
Equity income (loss) — net
2

 
(19
)
 
(2
)
 
12

 

 
828

 
187

 

 
1,008

 
Income (loss) before income
  taxes
3,386

 
2,243

 
2,345

 
2,298

 
165

 
(159
)
 
(2,053
)
 

 
8,225

 
Identifiable operating assets
7,414

1 
1,715

 
17,519

 
1,996

 
968

 
10,525

1 
22,800

 

 
62,937

 
Investments2
789

 
784

 
400

 
216

 

 
14,372

 
3,718

 

 
20,279

 
Capital expenditures
66

 
90

 
429

 
31

 
11

 
517

 
404

 

 
1,548

 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net operating revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Third party
$
6,780

 
$
3,953

 
$
8,678

 
$
4,753

 
$
712

 
$
11,223

 
$
113

 
$

 
$
36,212

 
   Intersegment
42

 
73

 
1,951

 
409

 
3

 
83

 

 
(2,561
)
 

 
   Total net operating revenues
6,822

 
4,026

 
10,629

 
5,162

 
715

 
11,306

 
113

 
(2,561
)
 
36,212

 
Operating income (loss)
3,585

 
2,215

 
2,472

 
2,136

 
159

 
(806
)
 
(2,006
)
 

 
7,755

 
Interest income

 

 
36

 

 
9

 

 
634

 

 
679

 
Interest expense

 

 

 

 

 

 
853

 

 
853

 
Depreciation and amortization
86

 
37

 
411

 
65

 
5

 
454

 
202

 

 
1,260

 
Equity income (loss) — net
49

 
(3
)
 
(3
)
 
11

 

 
878

 
140

 

 
1,072

 
Income (loss) before income
  taxes
3,666

 
2,209

 
2,192

 
2,168

 
167

 
(2,202
)
 
(1,310
)
 

 
6,890

 
Capital expenditures
77

 
55

 
541

 
50

 
4

 
737

 
286

 

 
1,750

 
1 Property, plant and equipment — net in South Africa represented 16 percent and 14 percent of consolidated property, plant and equipment — net in 2019 and 2018, respectively.
2 Principally equity method investments and other investments in bottling companies.