Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS - Information about Operating Segments (Details)

v3.23.1
OPERATING SEGMENTS - Information about Operating Segments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Apr. 01, 2022
Dec. 31, 2022
Net operating revenues:      
Third Party $ 10,980 $ 10,491  
Intersegment 0 0  
Net Operating Revenues 10,980 10,491  
Operating Income (Loss) 3,367 3,405  
Income (loss) before income taxes 4,053 3,458  
Identifiable operating assets 78,323 75,078 $ 73,998
Noncurrent investments $ 19,081 $ 18,986 $ 18,765
Property, Plant and Equipment, Net Percentage Philippines 10.00% 10.00% 10.00%
Europe, Middle East & Africa      
Net operating revenues:      
Third Party $ 1,831 $ 1,661  
Intersegment 193 172  
Net Operating Revenues 2,024 1,833  
Operating Income (Loss) 1,135 1,007  
Income (loss) before income taxes 1,142 1,023  
Identifiable operating assets 7,682 8,092 $ 7,088
Noncurrent investments 401 415 410
Latin America Segment      
Net operating revenues:      
Third Party 1,386 1,214  
Intersegment 0 0  
Net Operating Revenues 1,386 1,214  
Operating Income (Loss) 853 760  
Income (loss) before income taxes 855 757  
Identifiable operating assets 2,315 1,988 2,067
Noncurrent investments 681 633 629
North America Segment      
Net operating revenues:      
Third Party 3,902 3,589  
Intersegment 2 1  
Net Operating Revenues 3,904 3,590  
Operating Income (Loss) 1,033 1,056  
Income (loss) before income taxes 1,041 1,064  
Identifiable operating assets 26,692 26,395 25,760
Noncurrent investments 15 19 15
Asia Pacific      
Net operating revenues:      
Third Party 1,185 1,231  
Intersegment 186 180  
Net Operating Revenues 1,371 1,411  
Operating Income (Loss) 563 664  
Income (loss) before income taxes 423 670  
Identifiable operating assets 2,668 2,574 2,368
Noncurrent investments 77 232 219
Global Ventures      
Net operating revenues:      
Third Party 707 729  
Intersegment 0 0  
Net Operating Revenues 707 729  
Operating Income (Loss) 51 51  
Income (loss) before income taxes 57 56  
Identifiable operating assets 7,388 7,755 7,325
Noncurrent investments 0 0 0
Bottling investments      
Net operating revenues:      
Third Party 1,944 2,042  
Intersegment 2 2  
Net Operating Revenues 1,946 2,044  
Operating Income (Loss) 139 193  
Income (loss) before income taxes 504 393  
Identifiable operating assets 9,653 10,710 10,232
Noncurrent investments 13,200 13,193 12,892
Corporate      
Net operating revenues:      
Third Party 25 25  
Intersegment 0 0  
Net Operating Revenues 25 25  
Operating Income (Loss) (407) (326)  
Income (loss) before income taxes 31 (505)  
Identifiable operating assets 21,925 17,564 19,158
Noncurrent investments 4,707 4,494 4,600
Eliminations      
Net operating revenues:      
Third Party 0 0  
Intersegment (383) (355)  
Net Operating Revenues (383) (355)  
Operating Income (Loss) 0 0  
Income (loss) before income taxes 0 0  
Identifiable operating assets 0 0 0
Noncurrent investments $ 0 $ 0 $ 0