Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.5.0.2
Inventories
6 Months Ended
Jul. 01, 2016
Inventories  
Inventories
INVENTORIES
Inventories consist primarily of raw materials and packaging (which include ingredients and supplies) and finished goods (which include concentrates and syrups in our concentrate operations and finished beverages in our finished product operations). Inventories are valued at the lower of cost or market. We determine cost on the basis of the average cost or first-in, first-out methods. Inventories consisted of the following (in millions):
 
July 1,
2016

December 31,
2015

Raw materials and packaging
$
1,655

$
1,564

Finished goods
1,034

1,032

Other
316

306

Total inventories
$
3,005

$
2,902