Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Tables)

v3.21.1
Operating Segments (Tables)
3 Months Ended
Apr. 02, 2021
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Information about our Company’s operations by operating segment and Corporate is as follows (in millions):
Europe, Middle East & Africa Latin
America
North
America
Asia Pacific Global Ventures Bottling
Investments
Corporate Eliminations Consolidated
As of and for the Three Months Ended April 2, 2021                
Net operating revenues:                
Third party $ 1,462  $ 909  $ 2,936  $ 1,232  $ 570  $ 1,894  $ 17  $   $ 9,020 
Intersegment 161    1  170    2    (334)  
Total net operating revenues 1,623  909  2,937  1,402  570  1,896  17  (334) 9,020 
Operating income (loss) 820  552  792  686  26  141  (295)   2,722 
Income (loss) before income taxes 830  555  816  695  27  317  (477)   2,763 
Identifiable operating assets 8,335 
2
1,650  19,792  2,332 
3
7,843  10,426 
2,3
19,843    70,221 
Investments1
466  595  343  249  4  13,833  4,282    19,772 
As of and for the Three Months Ended March 27, 2020                
Net operating revenues:                
Third party $ 1,573  $ 930  $ 2,849  $ 989  $ 573  $ 1,656  $ 31  $ —  $ 8,601 
Intersegment 152  —  139  —  —  (294) — 
Total net operating revenues 1,725  930  2,850  1,128  573  1,658  31  (294) 8,601 
Operating income (loss) 960  539  387  511  19  63  (99) —  2,380 
Income (loss) before income taxes 971  535  402  513  18  198  373  —  3,010 
Identifiable operating assets 8,172 
2
1,853  20,600  2,312  7,378  10,184 
2
24,842  —  75,341 
Investments1
498  661  357  225  11  12,968  3,952  —  18,672 
As of December 31, 2020                
Identifiable operating assets $ 8,098 
2
$ 1,597  $ 19,444  $ 2,073 
3
$ 7,575  $ 10,521 
2,3
$ 17,903  $ —  $ 67,211 
Investments1
517  603  345  240  14,183  4,193  —  20,085 
1 Principally equity method investments and other investments in bottling companies.
2 Property, plant and equipment — net in South Africa represented 15 percent, 14 percent and 15 percent of consolidated property, plant and equipment — net as of April 2, 2021, March 27, 2020 and December 31, 2020, respectively.
3 Property, plant and equipment — net in the Philippines represented 10 percent of consolidated property, plant and equipment — net as of April 2, 2021 and December 31, 2020.