Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2019
Jun. 29, 2018
Jun. 28, 2019
Jun. 29, 2018
Revenues $ 9,997 $ 9,421 $ 18,691 $ 17,719
Cost of Goods and Services Sold 3,921 3,543 7,286 6,619
GROSS PROFIT 6,076 5,878 11,405 11,100
Selling, general and administrative expenses 2,996 2,887 5,763 5,626
Other operating charges 92 225 219 761
OPERATING INCOME 2,988 2,766 5,423 4,713
Interest income 142 173 275 339
Interest expense 236 247 481 483
Equity income (loss) - net 329 324 462 465
Other income (loss) — net (174) (74) (405) (147)
INCOME BEFORE INCOME TAXES 3,049 2,942 5,274 4,887
Income taxes 421 611 943 1,156
CONSOLIDATED NET INCOME 2,628 2,331 4,331 3,731
Net Income (Loss) Attributable to Noncontrolling Interest 21 15 46 47
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 2,607 $ 2,316 $ 4,285 $ 3,684
BASIC NET INCOME PER SHARE (in dollars per share) $ 0.61 $ 0.54 $ 1.00 $ 0.86
DILUTED NET INCOME PER SHARE (in dollars per share) $ 0.61 $ 0.54 $ 1.00 $ 0.86
AVERAGE SHARES OUTSTANDING (in shares) 4,269,000,000 4,255,000,000 4,270,000,000 4,260,000,000
Effect of dilutive securities (in shares) 36,000,000 35,000,000 35,000,000 38,000,000
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) 4,305,000,000 4,290,000,000 4,305,000,000 4,298,000,000