Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Details)

v3.21.2
Operating Segments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 02, 2021
Jun. 26, 2020
Jul. 02, 2021
Jun. 26, 2020
Dec. 31, 2020
Operations, Reportable Information, by Operating Segment          
Property, Plant and Equipment, Net Percentage 16.00% 14.00% 16.00% 14.00% 15.00%
Net operating revenues:          
Third Party $ 10,129 $ 7,150 $ 19,149 $ 15,751  
Intersegment 0 0 0 0  
Revenues 10,129 7,150 19,149 15,751  
Operating Income (Loss) 3,016 1,981 5,738 4,361  
Income (loss) before income taxes 3,618 2,197 6,381 5,207  
Identifiable operating assets 70,778 75,754 70,778 75,754 $ 67,211
Noncurrent investments $ 19,416 $ 18,935 $ 19,416 $ 18,935 $ 20,085
Property, Plant and Equipment, Net Percentage Philippines 10.00% 10.00% 10.00% 10.00% 10.00%
Tax litigation expense $ 4   $ 13    
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees 60 $ 63 23 $ 101  
Gain (Loss) on Extinguishment of Debt     (559)    
Impairment of Intangible Assets (Excluding Goodwill) 0   0 215  
Equity Method Investment, Other than Temporary Impairment 0 38 0 38  
Strategic Realignment          
Net operating revenues:          
Productivity, integration and restructuring initiatives 58   205    
Productivity and Reinvestment [Member]          
Net operating revenues:          
Productivity, integration and restructuring initiatives 22   40    
Europe, Middle East & Africa          
Net operating revenues:          
Third Party 1,874 1,135 3,336 2,708  
Intersegment 143 75 304 227  
Revenues 2,017 1,210 3,640 2,935  
Operating Income (Loss) 1,142 715 1,962 1,675  
Income (loss) before income taxes 1,169 736 1,999 1,707  
Identifiable operating assets 8,574 8,065 8,574 8,065 $ 8,098
Noncurrent investments 478 534 478 534 517
Europe, Middle East & Africa | Strategic Realignment          
Net operating revenues:          
Productivity, integration and restructuring initiatives 11   61    
Latin America Segment          
Net operating revenues:          
Third Party 1,067 755 1,976 1,685  
Intersegment 0 0 0 0  
Revenues 1,067 755 1,976 1,685  
Operating Income (Loss) 678 504 1,230 1,043  
Income (loss) before income taxes 681 444 1,236 979  
Identifiable operating assets 1,748 1,643 1,748 1,643 1,597
Noncurrent investments 630 573 630 573 603
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees   28   28  
Equity Method Investment, Other than Temporary Impairment   38   38  
Latin America Segment | Strategic Realignment          
Net operating revenues:          
Productivity, integration and restructuring initiatives     11    
North America Segment          
Net operating revenues:          
Third Party 3,379 2,647 6,315 5,496  
Intersegment 2 1 3 2  
Revenues 3,381 2,648 6,318 5,498  
Operating Income (Loss) 950 489 1,742 876  
Income (loss) before income taxes 959 483 1,775 885  
Identifiable operating assets 19,646 20,320 19,646 20,320 19,444
Noncurrent investments 346 356 346 356 345
Business Exit Costs   19   19  
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees   1   1  
Impairment of Intangible Assets (Excluding Goodwill)   63      
Asset Impairment Charges   55   55  
North America Segment | North America Territory [Member]          
Net operating revenues:          
Asset Impairment Charges   55   55  
North America Segment | Strategic Realignment          
Net operating revenues:          
Productivity, integration and restructuring initiatives 1   13    
North America Segment | Operating Income (Loss) [Member]          
Net operating revenues:          
Business Exit Costs 16 25 35 25  
North America Segment | Nonoperating Income (Expense) [Member]          
Net operating revenues:          
Business Exit Costs   44   44  
Pacific          
Net operating revenues:          
Third Party 1,350 1,068 2,582 2,057  
Intersegment 153 115 323 254  
Revenues 1,503 1,183 2,905 2,311  
Operating Income (Loss) 766 652 1,452 1,163  
Income (loss) before income taxes 779 661 1,474 1,174  
Identifiable operating assets 2,252 2,131 2,252 2,131 2,073
Noncurrent investments 231 226 231 226 240
Pacific | Strategic Realignment          
Net operating revenues:          
Productivity, integration and restructuring initiatives     13    
Global Ventures [Member]          
Net operating revenues:          
Third Party 707 295 1,277 868  
Intersegment 0 0 0 0  
Revenues 707 295 1,277 868  
Operating Income (Loss) 75 (102) 101 (83)  
Income (loss) before income taxes 78 (103) 105 (85)  
Identifiable operating assets 7,854 6,983 7,854 6,983 7,575
Noncurrent investments 3 5 3 5 4
Bottling investments [Member]          
Net operating revenues:          
Third Party 1,735 1,262 3,629 2,918  
Intersegment 3 1 5 3  
Revenues 1,738 1,263 3,634 2,921  
Operating Income (Loss) 92 12 233 75  
Income (loss) before income taxes 422 166 739 364  
Identifiable operating assets 10,375 9,817 10,375 9,817 10,521
Noncurrent investments 13,382 13,199 13,382 13,199 14,183
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees 60 34 55 72  
Corporate          
Net operating revenues:          
Third Party 17 (12) 34 19  
Intersegment 0 0 0 0  
Revenues 17 (12) 34 19  
Operating Income (Loss) (687) (289) (982) (388)  
Income (loss) before income taxes (470) (190) (947) 183  
Identifiable operating assets 20,329 26,795 20,329 26,795 17,903
Noncurrent investments 4,346 4,042 4,346 4,042 4,193
Tax litigation expense 4   13    
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 203 247 336 (144)  
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees     (32)    
Gain (Loss) on Extinguishment of Debt (592)   (650)    
Gain (Loss) on Sale of Equity Investments       18  
Corporate | Productivity and Reinvestment [Member]          
Net operating revenues:          
Productivity, integration and restructuring initiatives 22 22 40 61  
Corporate | Operating Income (Loss) [Member] | Strategic Realignment          
Net operating revenues:          
Productivity, integration and restructuring initiatives 17   24    
Corporate | Nonoperating Income (Expense) [Member] | Strategic Realignment          
Net operating revenues:          
Productivity, integration and restructuring initiatives 46   107    
Eliminations          
Net operating revenues:          
Third Party 0 0 0 0  
Intersegment (301) (192) (635) (486)  
Revenues (301) (192) (635) (486)  
Operating Income (Loss) 0 0 0 0  
Income (loss) before income taxes 0 0 0 0  
Identifiable operating assets 0 0 0 0 0
Noncurrent investments 0 0 0 0 $ 0
fairlife [Member] | Corporate          
Net operating revenues:          
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 247 18 251 29  
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain       902  
Odwalla [Member] | North America Segment          
Net operating revenues:          
Impairment of Intangible Assets (Excluding Goodwill)   8   160  
Odwalla [Member] | North America Segment | Operating Income (Loss) [Member]          
Net operating revenues:          
Business Exit Costs   $ 39   $ 39  
CCA          
Net operating revenues:          
Gain (Loss) on Disposition of Business $ 695   $ 695