Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Details)

v3.21.2
Comprehensive Income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2021
Jun. 26, 2020
Jul. 02, 2021
Jun. 26, 2020
Apr. 02, 2021
Dec. 31, 2020
Mar. 27, 2020
Dec. 31, 2019
Comprehensive Income Disclosure                
Net Income (Loss) Attributable to Parent $ 2,641 $ 1,779 $ 4,886 $ 4,554        
Net Income (Loss) Attributable to Noncontrolling Interest (17) (20) (7) 0        
Consolidated net income 2,624 1,759 4,879 4,554        
AOCI Attributable to the Shareowners of The Coca Cola Company                
Accumulated other comprehensive income (loss) (13,299) (16,460) (13,299) (16,460) $ (14,133) $ (14,601) $ (15,696) $ (13,544)
Other comprehensive income:                
Net foreign currency translation adjustments 856 (714) 860 (3,335)        
Net gain (loss) on derivatives 52 (26) 156 (10)        
Net change in unrealized gains (losses) on available-for-sale debt securities (1) (11) (61) (19)        
Net change in pension and other postretirement benefit liabilities (20) 41 400 47        
TOTAL COMPREHENSIVE INCOME (LOSS) 3,511 1,049 6,234 1,237        
Foreign currency translation adjustments:                
Translation adjustment arising during the period 517 (894) 1,141 (3,175)        
Reclassification adjustments recognized in net income 184 0 184 3        
Gains (losses) on intra-entity transactions that are of a long-term-investment nature 212 160 (742) 3        
Gains (losses) on net investment hedges arising during the period (113) (64) 362 12        
Derivatives:                
Reclassification adjustments recognized in net income 112   76          
Available-for-sale securities:                
Reclassification adjustments recognized in net income 3   6          
Pension and other benefit liabilities:                
Reclassification adjustments recognized in net income 61   162          
Foreign currency translation adjustments:                
Translation adjustment arising during the period (24) 14 (47) 226        
Reclassification adjustments recognized in net income 0 0 0 0        
Gains (losses) on intra-entity transactions that are of a long-term-investment nature 0 0 0 0        
Gains (losses) on net investment hedges arising during the period 27 16 (91) (3)        
Derivatives:                
Reclassification adjustments recognized in net income (26)   (17)          
Available-for-sales securities:                
Reclassification adjustments recognized in net income 0   (1)          
Pension and other benefit liabilities:                
Reclassification adjustments recognized in net income (15)   (40)          
Foreign currency translation adjustments:                
Translation adjustment arising during the period 493 (880) 1,094 (2,949)        
Reclassification adjustments recognized in net income 184 0 184 3        
Gains (losses) on intra-entity transactions that are of a long-term-investment nature 212 160 (742) 3        
Gains (losses) on net investments hedges arising during the period (86) (48) 271 9        
Derivatives:                
Reclassification adjustments recognized in net income 86   59          
Available-for-sale securities:                
Reclassification adjustments recognized in net income 3   5          
Pension and other benefit liabilities:                
Reclassification adjustments recognized in net income 46   122          
Net Investment Hedging [Member]                
Foreign currency translation adjustments:                
Reclassification adjustments recognized in net income 4   4          
Derivatives:                
Gains (Losses) on Derivatives Arising During Period (113) (64) 362 12        
Foreign currency translation adjustments:                
Reclassification adjustments recognized in net income 0   0          
Foreign currency translation adjustments:                
Reclassification adjustments recognized in net income 4   4          
Other income (loss) - net                
Pension and other benefit liabilities:                
Recognized net actuarial loss 33   81          
Recognized prior service cost (credit) 0   (1)          
Divestitures, deconsolidations and other [Member] | Other income (loss) - net                
Foreign currency translation adjustments:                
Reclassification adjustments recognized in net income 184   184          
Derivatives:                
Reclassification adjustments recognized in net income 6   6          
Divestitures, deconsolidations and other [Member] | Other Operating Income (Expense) [Member]                
Pension and other benefit liabilities:                
Reclassification adjustments recognized in net income (1)   (1)          
Foreign currency contracts | Net operating revenues                
Derivatives:                
Reclassification adjustments recognized in net income 27   50          
Foreign currency contracts | Other income (loss) - net                
Derivatives:                
Reclassification adjustments recognized in net income (18)   (84)          
Foreign currency and commodities contracts [Member] | Cost of goods sold                
Derivatives:                
Reclassification adjustments recognized in net income 2   3          
Foreign currency and interest rate contracts | Interest Expense [Member]                
Derivatives:                
Reclassification adjustments recognized in net income 95   101          
Sale of securities | Other income (loss) - net                
Available-for-sale securities:                
Reclassification adjustments recognized in net income 3   6          
Settlement charges (credits) | Other Operating Income (Expense) [Member]                
Pension and other benefit liabilities:                
Reclassification adjustments recognized in net income 29   83          
Shareowners of The Coca-Cola Company                
AOCI Attributable to the Shareowners of The Coca Cola Company                
Foreign currency translation adjustments (11,221)   (11,221)     (12,028)    
Accumulated derivative net gains (losses) (38)   (38)     (194)    
Unrealized net gains (losses) on available-for-sale securities (33)   (33)     28    
Adjustments to pension and other benefits liabilities (2,007)   (2,007)     (2,407)    
Accumulated other comprehensive income (loss) (13,299)   (13,299)     $ (14,601)    
Other comprehensive income:                
Net foreign currency translation adjustments     807          
Net gain (loss) on derivatives     156          
Net change in unrealized gains (losses) on available-for-sale debt securities (1) (11) (61) (19)        
Net change in pension and other postretirement benefit liabilities     400          
TOTAL COMPREHENSIVE INCOME (LOSS)     6,188          
Foreign currency translation adjustments:                
Net foreign currency translation adjustments 800 (798) 945 (3,157)        
Derivatives:                
Gains (Losses) on Derivatives Arising During Period (40) (88) 134 (65)        
Reclassification adjustments recognized in net income 112 49 76 50        
Net gain (loss) on derivatives 72 (39) 210 (15)        
Available-for-sale securities:                
Unrealized gains (losses) arising during the period (11) (14) (103) (22)        
Reclassification adjustments recognized in net income 3 (3) 6 (9)        
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment, before Tax (8) (17) (97) (31)        
Pension and other benefit liabilities:                
Net pension and other benefits arising during the period (100) 1 353 (24)        
Reclassification adjustments recognized in net income 61 43 162 86        
Net change in pension and other benefit liabilities (39) 44 515 62        
Other Comprehensive Income (Loss) attributable to The Coca-Cola Company 825 (810) 1,573 (3,141)        
Foreign currency translation adjustments:                
Net foreign currency translation adjustments 3 30 (138) 223        
Derivatives:                
Gains (losses) arising during the period 6 25 (37) 17        
Reclassification adjustments recognized in net income (26) (12) (17) (12)        
Net gain (loss) on derivatives (20) 13 (54) 5        
Available-for-sales securities:                
Unrealized gains (losses) arising during the period 7 5 37 10        
Reclassification adjustments recognized in net income 0 1 (1) 2        
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment, Tax 7 6 36 12        
Pension and other benefit liabilities:                
Net pension and other benefits arising during the period 34 7 (75) 6        
Reclassification adjustments recognized in net income (15) (10) (40) (21)        
Net change in pension and other benefit liabilities 19 (3) (115) (15)        
Other comprehensive income (loss) attributable to The Coca-Cola Company 9 46 (271) 225        
Foreign currency translation adjustments:                
Net foreign currency translation adjustments 803 (768) 807 (2,934)        
Derivatives:                
Gains (losses) arising during the period (34) (63) 97 (48)        
Reclassification adjustments recognized in net income 86 37 59 38        
Net gain (loss) on derivatives 52 (26) 156 (10)        
Available-for-sale securities:                
Net change in unrealized gains (losses) on available-for-sale debt securities (4) (9) (66) (12)        
Reclassification adjustments recognized in net income 3 (2) 5 (7)        
Pension and other benefit liabilities:                
Net pension and other benefits arising during the period (66) 8 278 (18)        
Reclassification adjustments recognized in net income 46 33 122 65        
Net change in pension and other benefit liabilities (20) 41 400 47        
Other comprehensive income (loss) attributable to The Coca-Cola Company 834 (764) 1,302 (2,916)        
Noncontrolling Interests                
Other comprehensive income:                
Net foreign currency translation adjustments     53          
Net gain (loss) on derivatives     0          
Net change in unrealized gains (losses) on available-for-sale debt securities     0          
Net change in pension and other postretirement benefit liabilities     0          
TOTAL COMPREHENSIVE INCOME (LOSS) 36 34 46 (401)        
AOCI Attributable to Parent [Member]                
Other comprehensive income:                
TOTAL COMPREHENSIVE INCOME (LOSS) 834 (764) 1,302 (2,916)        
Accumulated Foreign Currency Adjustment Attributable to Parent                
Foreign currency translation adjustments:                
Reclassification adjustments recognized in net income 180   180          
Foreign currency translation adjustments:                
Reclassification adjustments recognized in net income 0   0          
Foreign currency translation adjustments:                
Reclassification adjustments recognized in net income 180   180          
Foreign Currency Denominated Debt [Domain] | Net Investment Hedging [Member]                
Derivatives:                
Gains (Losses) on Derivatives Arising During Period $ (114) $ (86) $ 369 $ (7)