Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jul. 01, 2016
Jun. 30, 2017
Jul. 01, 2016
NET OPERATING REVENUES $ 9,702 $ 11,539 $ 18,820 $ 21,821
Cost of goods sold 3,659 4,471 7,172 8,540
GROSS PROFIT 6,043 7,068 11,648 13,281
Selling, general and administrative expenses 3,142 3,912 6,457 7,673
Other operating charges 823 297 1,131 608
OPERATING INCOME 2,078 2,859 4,060 5,000
Interest income 165 164 320 308
Interest expense 231 162 423 303
Equity income (loss) - net 409 305 525 397
Other income (loss) - net 203 1,133 (351) 791
INCOME BEFORE INCOME TAXES 2,624 4,299 4,131 6,193
Income taxes 1,252 839 1,575 1,240
CONSOLIDATED NET INCOME 1,372 3,460 2,556 4,953
Less: Net income (loss) attributable to noncontrolling interests 1 12 3 22
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 1,371 $ 3,448 $ 2,553 $ 4,931
BASIC NET INCOME PER SHARE (in dollars per share) [1] $ 0.32 $ 0.80 $ 0.60 $ 1.14
DILUTED NET INCOME PER SHARE (in dollars per share) [1] 0.32 0.79 0.59 1.13
DIVIDENDS PER SHARE (in dollars per share) $ 0.37 $ 0.35 $ 0.74 $ 0.70
AVERAGE SHARES OUTSTANDING (in shares) 4,273 4,323 4,280 4,325
Effect of dilutive securities (in shares) 54 54 50 54
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) 4,327 4,377 4,330 4,379
[1] Calculated based on net income attributable to shareowners of The Coca-Cola Company.