Quarterly report pursuant to Section 13 or 15(d)

Significant Operating and Nonoperating Items (Details)

v3.20.2
Significant Operating and Nonoperating Items (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 26, 2020
Mar. 27, 2020
Jun. 28, 2019
Jun. 26, 2020
Jun. 28, 2019
Significant Operating and Nonoperating Line Items          
Effective tax rate (as a percent) 19.90%   13.80% 12.50% 17.90%
Income taxes $ 438   $ 421 $ 653 $ 943
Other Operating Charges          
Productivity, integration and restructuring initiatives     55 61 123
Impairment of Intangible Assets (Excluding Goodwill)     0    
Tax litigation expense         2
Other operating charges 173   92 375 219
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees 63   26 101 68
Gain (Loss) on Sale of Equity Investments       18  
Other Income (Loss) - Net          
Equity Method Investment, Other than Temporary Impairment 38   49 38 392
Not Designated as Hedging Instrument [Member]          
Equity Income (Loss) - Net          
Derivative, Gain (Loss) on Derivative, Net 100   (51) (151) 28
Other Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Income (loss) - net          
Equity Income (Loss) - Net          
Derivative, Gain (Loss) on Derivative, Net 2   0 (55) 34
Bottling investments [Member]          
Other Operating Charges          
Productivity, integration and restructuring initiatives     1   3
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees     24 72 66
EMEA [Member]          
Other Operating Charges          
Productivity, integration and restructuring initiatives         1
North America [Member]          
Other Operating Charges          
Productivity, integration and restructuring initiatives     13   30
Impairment of Intangible Assets (Excluding Goodwill) 63     215 0
Other Income (Loss) - Net          
Equity Method Investment, Other than Temporary Impairment         57
Restructuring and Related Cost, Accelerated Depreciation 19     19  
North America [Member] | Other Operating Income (Expense) [Member]          
Other Income (Loss) - Net          
Business Exit Costs 12     12  
Corporate          
Other Operating Charges          
Productivity, integration and restructuring initiatives 22   41 61 89
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees         2
Gain (Loss) on Sale of Equity Investments       18  
Equity Income (Loss) - Net          
Net realized and unrealized gains (losses) on equity securities and trading debt securities as well as realized gains (losses) on available-for-sale debt securities 247   10 (144) 159
Other Income (Loss) - Net          
Change to Plan of Sale Asset Adjustment     160   160
Latin America [Member]          
Other Income (Loss) - Net          
Equity Method Investment, Other than Temporary Impairment 38   49 38 49
North America Territory [Member] | Bottling investments [Member]          
Other Operating Charges          
Costs incurred to refranchise of certain bottler interests     29   40
Productivity and Reinvestment [Member]          
Other Operating Charges          
Productivity, integration and restructuring initiatives 22     61  
fairlife [Member]          
Significant Operating and Nonoperating Line Items          
Income taxes       (40)  
Other Operating Items          
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain   $ 902      
fairlife [Member] | Corporate          
Other Operating Items          
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain       902  
Other Operating Charges          
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 18     29  
Andina [Member] | Corporate          
Other Operating Charges          
Gain (Loss) on Sale of Equity Investments         39
Coca-Cola Bottlers Japan Holdings [Member] | Bottling investments [Member]          
Other Income (Loss) - Net          
Equity Method Investment, Other than Temporary Impairment         286
CHI [Member] | Corporate          
Other Income (Loss) - Net          
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss         121
Odwalla [Member] | North America [Member]          
Other Operating Charges          
Impairment of Intangible Assets (Excluding Goodwill) 8     160  
Other Income (Loss) - Net          
Business Exit Costs 39        
Odwalla [Member] | North America [Member] | Other Operating Income (Expense) [Member]          
Other Income (Loss) - Net          
Business Exit Costs 35     35  
Costa [Member]          
Other Operating Charges          
Other operating charges         46
Costa [Member] | Corporate          
Other Operating Charges          
Other operating charges         46
North America Territory [Member] | Bottling investments [Member]          
Other Operating Charges          
Costs incurred to refranchise of certain bottler interests     $ 29   $ 40
North America Territory [Member] | North America [Member]          
Other Income (Loss) - Net          
Asset Impairment Charges $ 55     $ 55