Annual report pursuant to Section 13 and 15(d)

DEBT AND BORROWING ARRANGEMENTS - Long-Term Debt Narrative (Details)

v3.22.4
DEBT AND BORROWING ARRANGEMENTS - Long-Term Debt Narrative (Details)
€ in Millions, SFr in Millions, $ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2022
CHF (SFr)
Dec. 31, 2021
USD ($)
Dec. 31, 2021
EUR (€)
Dec. 31, 2020
USD ($)
Dec. 31, 2020
EUR (€)
Dec. 31, 2020
AUD ($)
Long-term debt              
Long-term Debt $ 36,776   $ 39,454        
Issuances of debt 3,972   13,094   $ 26,934    
Gains (Losses) on Extinguishment of Debt     (559)   (459)    
Reclassification of gain (loss) from AOCI for cash flow hedge related to debt extinguishment     (91)   (25)    
Total interest paid 848   738   935    
Other, due through 2098              
Long-term debt              
Long-term Debt 1,906   821        
Other, due through 2098 | Bottling operations in Africa              
Long-term debt              
Long-term Debt 1,368   407        
Fixed interest rate debt with a maturity date in 2022              
Long-term debt              
Extinguishment of long-term debt $ 410 SFr 550          
Fixed interest rate debt with maturity dates ranging from 2028 to 2051              
Long-term debt              
Issuances of debt     5,950 € 3,150      
Carrying Value of Long-Term Debt     9,410        
Variable interest rate debt with maturity date in 2021              
Long-term debt              
Extinguishment of long-term debt | €       371      
Fixed interest rate debt with maturity dates ranging from 2023 to 2026              
Long-term debt              
Extinguishment of long-term debt     $ 6,500 € 2,430      
Fixed interest rate debt with maturity dates ranging from 2025 to 2060              
Long-term debt              
Issuances of debt         15,600 € 2,600  
Carrying Value of Long-Term Debt         17,616    
Fixed interest rate debt with a maturity date in 2020              
Long-term debt              
Extinguishment of long-term debt         3,750   $ 450
U.S. dollar zero coupon notes due in 2020              
Long-term debt              
Extinguishment of long-term debt         171    
Fixed interest rate debt with maturity dates ranging from 2021 to 2050              
Long-term debt              
Extinguishment of long-term debt         $ 3,815 2,300  
Euro notes due 2021              
Long-term debt              
Extinguishment of long-term debt | €           € 379  
Euro Interbank Offered Rate | Variable interest rate debt with maturity date in 2021              
Long-term debt              
Basis spread on variable rate used (as a percent)     0.20% 0.20%      
Euro Interbank Offered Rate | Euro notes due 2021              
Long-term debt              
Basis spread on variable rate used (as a percent)         0.20% 0.20% 0.20%
Minimum | Fixed interest rate debt with a maturity date in 2022              
Long-term debt              
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate 0.26%            
Minimum | Fixed interest rate debt with maturity dates ranging from 2028 to 2051              
Long-term debt              
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate     0.125%        
Minimum | Fixed interest rate debt with maturity dates ranging from 2023 to 2026              
Long-term debt              
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate     0.75%        
Minimum | Fixed interest rate debt with maturity dates ranging from 2025 to 2060              
Long-term debt              
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate         0.125%    
Minimum | Fixed interest rate debt with a maturity date in 2020              
Long-term debt              
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate         1.875%    
Minimum | Fixed interest rate debt with maturity dates ranging from 2021 to 2050              
Long-term debt              
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate         0.00%    
Maximum | Fixed interest rate debt with a maturity date in 2022              
Long-term debt              
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate 8.50%            
Maximum | Fixed interest rate debt with maturity dates ranging from 2028 to 2051              
Long-term debt              
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate     3.00%        
Maximum | Fixed interest rate debt with maturity dates ranging from 2023 to 2026              
Long-term debt              
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate     3.20%        
Maximum | Fixed interest rate debt with maturity dates ranging from 2025 to 2060              
Long-term debt              
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate         4.20%    
Maximum | Fixed interest rate debt with a maturity date in 2020              
Long-term debt              
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate         3.15%    
Maximum | Fixed interest rate debt with maturity dates ranging from 2021 to 2050              
Long-term debt              
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate         4.20%    
Weighted Average              
Long-term debt              
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate 5.21%