Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 01, 2016
Apr. 03, 2015
NET OPERATING REVENUES $ 10,282 $ 10,711
Cost of goods sold 4,069 4,103
GROSS PROFIT 6,213 6,608
Selling, general and administrative expenses 3,761 4,079
Other operating charges 311 233
OPERATING INCOME 2,141 2,296
Interest income 144 155
Interest expense 141 447
Equity income (loss) - net 92 2
Other income (loss) - net (342) (25)
INCOME BEFORE INCOME TAXES 1,894 1,981
Income taxes 401 415
CONSOLIDATED NET INCOME 1,493 1,566
Less: Net income attributable to noncontrolling interests 10 9
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 1,483 $ 1,557
BASIC NET INCOME PER SHARE (in dollars per share) [1] $ 0.34 $ 0.36
DILUTED NET INCOME PER SHARE (in dollars per share) [1] 0.34 0.35
DIVIDENDS PER SHARE (in dollars per share) $ 0.35 $ 0.33
AVERAGE SHARES OUTSTANDING (in shares) 4,328 4,365
Effect of dilutive securities (in shares) 54 57
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) 4,382 4,422
[1] Calculated based on net income attributable to shareowners of The Coca-Cola Company.