Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.19.3
Inventories
9 Months Ended
Sep. 27, 2019
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 net realizable value. We determine cost on the basis of the average cost or first-in, first-out methods. Inventories consisted of the following (in millions):
 
September 27,
2019

December 31,
2018

Raw materials and packaging
$
2,044

$
2,025

Finished goods
881

773

Other
341

273

Total inventories
$
3,266

$
3,071