Annual report pursuant to Section 13 and 15(d)

OPERATING SEGMENTS (Details 2)

v3.19.3.a.u2
OPERATING SEGMENTS (Details 2) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net operating revenues:      
Revenue for Reportable Segments $ 37,266 $ 34,300 $ 36,212
Intersegment Revenue 0 0 0
Revenues 37,266 34,300 36,212
Operating Income (Loss) 10,086 9,152 7,755
Interest income 563 689 679
Interest expense 946 950 853
Depreciation and amortization 1,365 1,086 1,260
Equity income (loss) - net 1,049 1,008 1,072
Income (loss) before income taxes 10,786 8,225 6,890
Identifiable operating assets 66,502 62,937  
Investments 19,879 20,279  
Capital expenditures $ 2,054 $ 1,548 1,750
Ratio of net property, plant and equipment in India to total consolidated property, plant and equipment - net (as a percent) 16.00% 14.00%  
Productivity, integration and restructuring initiatives $ 264 $ 440 534
Other Cost and Expense, Operating 458 1,079 1,902
Litigation Settlement, Expense   33 67
Asset Impairment Charges 767 591  
Derivative, Gain (Loss) on Derivative, Net   (79)  
Our proportionate share of unusual or infrequent items recorded by our equity method investees 100 111 92
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net     150
Gains (Losses) on Extinguishment of Debt   27 (38)
Equity Method Investment, Other than Temporary Impairment 710 591  
Net realized and unrealized gains (losses) on equity securities and trading debt securities as well as realized gains (losses) on available-for-sale debt securities 250 (278)  
Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee     445
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee     25
Other General Expense   19 19
CHI [Member]      
Net operating revenues:      
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss 118    
Lindley [Member]      
Net operating revenues:      
Gain (Loss) on Sale of Equity Investments   296  
CCBA [Domain]      
Net operating revenues:      
Asset Impairment Charges   554  
Equity Method Investment, Other than Temporary Impairment 160    
Russian juice operations [Member]      
Net operating revenues:      
Loss due to reversal of cumulative translation adjustment   33  
Philippine Bottling Operations [Member]      
Net operating revenues:      
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss   32  
Latin America Bottling Operations [Member]      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal   47  
North America Territory [Member]      
Net operating revenues:      
Other Restructuring Costs     255
Gain (loss) on refranchised territories and/or bottler disposal 17 (91) (3,177)
China Bottling Operation [Member]      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal     88
CCEAG [Member]      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal     (26)
Bottling Operations [Member]      
Net operating revenues:      
Other Restructuring Costs   403  
Europe, Middle East and Africa      
Net operating revenues:      
Revenue for Reportable Segments 6,434 6,535 6,780
Intersegment Revenue 624 564 42
Revenues 7,058 7,099 6,822
Operating Income (Loss) 3,551 3,693 3,585
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 86 77 86
Equity income (loss) - net 35 2 49
Income (loss) before income taxes 3,361 3,386 3,666
Identifiable operating assets 8,143 7,414  
Investments 543 789  
Capital expenditures 108 66 77
Productivity, integration and restructuring initiatives 2   26
Our proportionate share of unusual or infrequent items recorded by our equity method investees     4
Equity Method Investment, Other than Temporary Impairment 255 334  
Refinement of previously established accruals - credit   (3)  
Latin America      
Net operating revenues:      
Revenue for Reportable Segments 4,118 3,971 3,953
Intersegment Revenue 0 39 73
Revenues 4,118 4,010 4,026
Operating Income (Loss) 2,375 2,318 2,215
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 35 30 37
Equity income (loss) - net (32) (19) (3)
Income (loss) before income taxes 2,288 2,243 2,209
Identifiable operating assets 1,801 1,715  
Investments 716 784  
Capital expenditures 140 90 55
Productivity, integration and restructuring initiatives 1 4 7
Equity Method Investment, Other than Temporary Impairment 49 52  
North America      
Net operating revenues:      
Revenue for Reportable Segments 11,906 11,370 8,678
Intersegment Revenue 9 260 1,951
Revenues 11,915 11,630 10,629
Operating Income (Loss) 2,594 2,318 2,472
Interest income 65 57 36
Interest expense 0 0 0
Depreciation and amortization 439 422 411
Equity income (loss) - net (6) (2) (3)
Income (loss) before income taxes 2,592 2,345 2,192
Identifiable operating assets 17,687 17,519  
Investments 358 400  
Capital expenditures 392 429 541
Productivity, integration and restructuring initiatives 62 175 241
Our proportionate share of unusual or infrequent items recorded by our equity method investees     2
Cost incurred to convert bottling agreements 4 34 313
Equity Method Investment, Other than Temporary Impairment 57    
Asia Pacific      
Net operating revenues:      
Revenue for Reportable Segments 4,723 4,797 4,753
Intersegment Revenue 604 388 409
Revenues 5,327 5,185 5,162
Operating Income (Loss) 2,282 2,271 2,136
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 31 58 65
Equity income (loss) - net 11 12 11
Income (loss) before income taxes 2,310 2,298 2,168
Identifiable operating assets 2,060 1,996  
Investments 224 216  
Capital expenditures 47 31 50
Productivity, integration and restructuring initiatives     10
Refinement of previously established accruals - credit   (4)  
Global Ventures [Member]      
Net operating revenues:      
Revenue for Reportable Segments 2,560 767 712
Intersegment Revenue 2 3 3
Revenues 2,562 770 715
Operating Income (Loss) 334 152 159
Interest income 12 13 9
Interest expense 0 0 0
Depreciation and amortization 117 8 5
Equity income (loss) - net (3) 0 0
Income (loss) before income taxes 343 165 167
Identifiable operating assets 7,265 968  
Investments 14 0  
Capital expenditures 209 11 4
Bottling Investments      
Net operating revenues:      
Revenue for Reportable Segments 7,431 6,768 11,223
Intersegment Revenue 9 19 83
Revenues 7,440 6,787 11,306
Operating Income (Loss) 358 (197) (806)
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 446 239 454
Equity income (loss) - net 836 828 878
Income (loss) before income taxes 716 (159) (2,202)
Identifiable operating assets 11,170 10,525  
Investments 14,093 14,372  
Capital expenditures 836 517 737
Productivity, integration and restructuring initiatives 5 31 57
Other Restructuring Costs     419
Asset Impairment Charges     737
Our proportionate share of unusual or infrequent items recorded by our equity method investees 98 124 70
Gain (loss) on refranchised territories and/or bottler disposal   (476) (2,140)
Equity Method Investment, Other than Temporary Impairment 406 205  
Bottling Investments | CCBA [Domain]      
Net operating revenues:      
Asset Impairment Charges   554  
Bottling Investments | Russian juice operations [Member]      
Net operating revenues:      
Loss due to reversal of cumulative translation adjustment   33  
Bottling Investments | North America Territory [Member]      
Net operating revenues:      
Other Restructuring Costs 95 139  
Bottling Investments | Bottling Operations [Member]      
Net operating revenues:      
Other Restructuring Costs     280
Corporate      
Net operating revenues:      
Revenue for Reportable Segments 94 92 113
Intersegment Revenue 0 0 0
Revenues 94 92 113
Operating Income (Loss) (1,408) (1,403) (2,006)
Interest income 486 619 634
Interest expense 946 950 853
Depreciation and amortization 211 252 202
Equity income (loss) - net 208 187 140
Income (loss) before income taxes (824) (2,053) (1,310)
Identifiable operating assets 18,376 22,800  
Investments 3,931 3,718  
Capital expenditures 322 404 286
Productivity, integration and restructuring initiatives 194 237 193
Proceeds from Sale of Buildings 739    
Cash Contribution Expense     225
Litigation Settlement, Expense   33 67
Asset Impairment Charges     50
Derivative, Gain (Loss) on Derivative, Net   (79)  
Our proportionate share of unusual or infrequent items recorded by our equity method investees 2 (13) 16
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net     150
Gains (Losses) on Extinguishment of Debt     (38)
Equity Method Investment, Other than Temporary Impairment     50
Change to Plan of Sale Asset Adjustment 160    
Net realized and unrealized gains (losses) on equity securities and trading debt securities as well as realized gains (losses) on available-for-sale debt securities   (278)  
Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee     445
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee     25
Other General Expense   19  
Corporate | Venezuelan subsidiary      
Net operating revenues:      
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)     34
Corporate | Costa [Member]      
Net operating revenues:      
Other Cost and Expense, Operating 46    
Corporate | Andina [Member]      
Net operating revenues:      
Equity Method Investment, Realized Gain (Loss) on Disposal 39    
Corporate | CHI [Member]      
Net operating revenues:      
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss 118    
Corporate | Lindley [Member]      
Net operating revenues:      
Gain (Loss) on Sale of Equity Investments   296  
Corporate | CCBA [Domain]      
Net operating revenues:      
Equity Method Investment, Other than Temporary Impairment   554  
Corporate | Philippine Bottling Operations [Member]      
Net operating revenues:      
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss   32  
Corporate | Latin America Bottling Operations [Member]      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal   47  
Corporate | China Bottling Operation [Member]      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal     88
Corporate | CCEAG [Member]      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal     (26)
Asia Pacific [Member]      
Net operating revenues:      
Impairment of Intangible Assets (Excluding Goodwill) 42    
Eliminations      
Net operating revenues:      
Revenue for Reportable Segments 0 0 0
Intersegment Revenue (1,248) (1,273) (2,561)
Revenues (1,248) (1,273) (2,561)
Operating Income (Loss) 0 0 0
Interest income 0 0 0
Interest expense 0 0 0
Depreciation and amortization 0 0 0
Equity income (loss) - net 0 0 0
Income (loss) before income taxes 0 0 0
Identifiable operating assets 0 0  
Investments 0 0  
Capital expenditures 0 0 0
India Bottling Operations [Member] | Bottling Investments      
Net operating revenues:      
Gain (loss) on refranchised territories and/or bottler disposal 73    
North America Territory [Member]      
Net operating revenues:      
Asset Impairment Charges   450 737
North America Territory [Member] | Bottling Investments      
Net operating revenues:      
Asset Impairment Charges   450  
Gain (loss) on refranchised territories and/or bottler disposal (105)   (2,140)
Pension benefits      
Net operating revenues:      
Settlements $ 19 932  
Pension benefits | Latin America      
Net operating revenues:      
Settlements   4  
Pension benefits | Bottling Investments      
Net operating revenues:      
Settlements   149  
Pension benefits | Corporate      
Net operating revenues:      
Settlements   64 $ 116
Total principal notes due May 15, 2098 [Domain] | Corporate      
Net operating revenues:      
Gains (Losses) on Extinguishment of Debt   $ 27