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  $ 6  $ —  $ 8,652 
Intersegment 137  —  1  127  —  1  —  (266) — 
Total net operating revenues 1,693  809  3,088  1,334  513  1,475  6  (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  6  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  4  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  —  3  381  —  4  —  (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