Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Tables)

v3.22.1
OPERATING SEGMENTS (Tables)
 3 Months Ended
Apr. 01, 2022
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment
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 1, 2022                
Net operating revenues:                
Third party $ 1,661  $ 1,214  $ 3,589  $ 1,231  $ 729  $ 2,042  $ 25  $ —  $ 10,491 
Intersegment 172  —  1  180  —  2  —  (355) — 
Total net operating revenues 1,833  1,214  3,590  1,411  729  2,044  25  (355) 10,491 
Operating income (loss) 1,007  760  1,056  664  51  193  (326) —  3,405 
Income (loss) before income taxes 1,023  757  1,064  670  56  393  (505) —  3,458 
Identifiable operating assets 8,092 
2
 1,988  26,395  2,574 
3
 7,755  10,710 
2,3
 17,564  —  75,078 
Investments1
415  633  19  232  —  13,193  4,494  —  18,986 
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 December 31, 2021                
Identifiable operating assets $ 7,908 
2
 $ 1,720  $ 25,730  $ 2,355 
3
 $ 7,949  $ 10,312 
2,3
 $ 19,964  $ —  $ 75,938 
Investments1
436  594  21  230  —  12,669  4,466  —  18,416 
1Principally equity method investments and other investments in bottling companies.
2Property, plant and equipment — net in South Africa represented 17 percent, 15 percent and 16 percent of consolidated property, plant and equipment — net as of April 1, 2022, April 2, 2021 and December 31, 2021, respectively.
3Property, plant and equipment — net in the Philippines represented 10 percent of consolidated property, plant and equipment — net as of April 1, 2022, April 2, 2021 and December 31, 2021.