Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Tables)

v3.21.2
Operating Segments (Tables)
3 Months Ended 9 Months Ended
Oct. 01, 2021
Oct. 01, 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 October 1, 2021                
Net operating revenues:                
Third party $ 1,758  $ 1,137  $ 3,478  $ 1,229  $ 753  $ 1,663  $ 24  $   $ 10,042 
Intersegment 157    1  145    2  1  (306)  
Total net operating revenues 1,915  1,137  3,479  1,374  753  1,665  25  (306) 10,042 
Operating income (loss) 1,028  712  868  594  114  81  (499)   2,898 
Income (loss) before income taxes 1,050  716  630  604  116  462  (494)   3,084 
Identifiable operating assets 8,213 
2
1,839  19,118  2,254 
3
7,784  10,213 
2,3
22,004    71,425 
Investments1
482  606  331  238  2  13,137  4,385    19,181 
As of and for the Three Months Ended September 25, 2020                
Net operating revenues:                
Third party $ 1,556  $ 809  $ 3,087  $ 1,207  $ 513  $ 1,474  $ $ —  $ 8,652 
Intersegment 137  —  127  —  —  (266) — 
Total net operating revenues 1,693  809  3,088  1,334  513  1,475  (266) 8,652 
Operating income (loss) 903  483  727  564  (31) 55  (403) —  2,298 
Income (loss) before income taxes 925  476  738  575  (29) 398  (902) —  2,181 
Identifiable operating assets 8,283 
2
1,647  19,983  2,143 
3
7,453  9,851 
2,3
28,237  —  77,597 
Investments1
544  577  356  236  13,765  4,103  —  19,587 
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 16 percent, 14 percent and 15 percent of consolidated property, plant and equipment — net as of October 1, 2021, September 25, 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 October 1, 2021, September 25, 2020 and December 31, 2020.
Europe, Middle East & Africa Latin
America
North
America
Asia Pacific Global Ventures Bottling
Investments
Corporate Eliminations Consolidated
Nine Months Ended October 1, 2021                
Net operating revenues:                
Third party $ 5,094  $ 3,113  $ 9,793  $ 3,811  $ 2,030  $ 5,292  $ 58  $   $ 29,191 
Intersegment 461    4  468    7  1  (941)  
Total net operating revenues 5,555  3,113  9,797  4,279  2,030  5,299  59  (941) 29,191 
Operating income (loss) 2,990  1,942  2,610  2,046  215  314  (1,481)   8,636 
Income (loss) before income taxes 3,049  1,952  2,405  2,078  221  1,201  (1,441)   9,465 
Nine Months Ended September 25, 2020                
Net operating revenues:                
Third party $ 4,264  $ 2,494  $ 8,583  $ 3,264  $ 1,381  $ 4,392  $ 25  $ —  $ 24,403 
Intersegment 364  —  381  —  —  (752) — 
Total net operating revenues 4,628  2,494  8,586  3,645  1,381  4,396  25  (752) 24,403 
Operating income (loss) 2,578  1,526  1,603  1,727  (114) 130  (791) —  6,659 
Income (loss) before income taxes 2,632  1,455  1,623  1,749  (114) 762  (719) —  7,388