Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Tables)

v3.22.2.2
OPERATING SEGMENTS (Tables)
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2022
Segment Reporting [Abstract]    
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 September 30, 2022                
Net operating revenues:                
Third party $ 1,844  $ 1,267  $ 4,197  $ 1,263  $ 679  $ 1,784  $ 29  $ —  $ 11,063 
Intersegment 143  —  4  164  —  2  —  (313) — 
Total net operating revenues 1,987  1,267  4,201  1,427  679  1,786  29  (313) 11,063 
Operating income (loss) 1,046  712  1,082  589  67  46  (454) —  3,088 
Income (loss) before income taxes 1,078  715  1,090  598  69  466  (572) —  3,444 
Identifiable operating assets 7,153 
2
 2,072  25,989  2,347 
3
 6,741  9,384 
2,3
 20,480  —  74,166 
Investments1
433  607  19  215  —  12,479  4,552  —  18,305 
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 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 16 percent of consolidated property, plant and equipment — net as of September 30, 2022, October 1, 2021 and December 31, 2021.
3Property, plant and equipment — net in the Philippines represented 10 percent of consolidated property, plant and equipment — net as of September 30, 2022, October 1, 2021 and December 31, 2021.
Europe, Middle East & Africa Latin
America 		North
America		 Asia Pacific Global Ventures Bottling
Investments		 Corporate Eliminations Consolidated
Nine Months Ended September 30, 2022                
Net operating revenues:                
Third party $ 5,523  $ 3,621  $ 11,815  $ 3,837  $ 2,103  $ 5,903  $ 77  $ —  $ 32,879 
Intersegment 481  —  6  567  —  6  —  (1,060) — 
Total net operating revenues 6,004  3,621  11,821  4,404  2,103  5,909  77  (1,060) 32,879 
Operating income (loss) 3,344  2,146  2,978  2,006  162  352  (2,154) —  8,834 
Income (loss) before income taxes 3,326  2,152  3,002  2,025  173  1,312  (2,804) —  9,186 
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