Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Tables)

v3.23.2
OPERATING SEGMENTS (Tables)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2023
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 June 30, 2023                
Net operating revenues:                
Third party $ 2,043  $ 1,378  $ 4,365  $ 1,349  $ 765  $ 2,042  $ 30  $ —  $ 11,972 
Intersegment 145  —  2  218  —  —  —  (365) — 
Total net operating revenues 2,188  1,378  4,367  1,567  765  2,042  30  (365) 11,972 
Operating income (loss) 1,133  797  1,216  673  78  122  (1,618) —  2,401 
Income (loss) before income taxes 1,147  802  1,227  675  78  577  (1,626) —  2,880 
Identifiable operating assets 7,729  2,474  26,109  2,453 
2, 3
 7,622  9,281 
2, 3
 23,368  —  79,036 
Investments1
394  728  15  76  —  13,406  4,801  —  19,420 
As of and for the Three Months Ended July 1, 2022                
Net operating revenues:                
Third party $ 2,018  $ 1,140  $ 4,029  $ 1,343  $ 695  $ 2,077  $ 23  $ —  $ 11,325 
Intersegment 166  —  1  223  —  2  —  (392) — 
Total net operating revenues 2,184  1,140  4,030  1,566  695  2,079  23  (392) 11,325 
Operating income (loss) 1,291  674  840  753  44  113  (1,374) —  2,341 
Income (loss) before income taxes 1,225  680  848  757  48  453  (1,727) —  2,284 
Identifiable operating assets 7,721  2,054  26,372  2,628 
2
 7,210  9,881 
2
 18,928  —  74,794 
Investments1
439  605  19  222  —  12,569  4,521  —  18,375 
As of December 31, 2022                
Identifiable operating assets $ 7,088  $ 2,067  $ 25,760  $ 2,368 
2
 $ 7,325  $ 10,232 
2
 $ 19,158  $ —  $ 73,998 
Investments1
410  629  15  219  —  12,892  4,600  —  18,765 
1Principally equity method investments and other investments in bottling companies.
2Property, plant and equipment — net in the Philippines represented 10 percent of consolidated property, plant and equipment — net as of June 30, 2023, July 1, 2022 and December 31, 2022.
3Property, plant and equipment — net in India represented 10 percent of consolidated property, plant and equipment — net as of June 30, 2023.
Europe, Middle East & Africa Latin
America 		North
America		 Asia Pacific Global Ventures Bottling
Investments		 Corporate Eliminations Consolidated
Six Months Ended June 30, 2023                
Net operating revenues:                
Third party $ 3,874  $ 2,764  $ 8,267  $ 2,534  $ 1,472  $ 3,986  $ 55  $ —  $ 22,952 
Intersegment 338  —  4  404  —  2  —  (748) — 
Total net operating revenues 4,212  2,764  8,271  2,938  1,472  3,988  55  (748) 22,952 
Operating income (loss) 2,268  1,650  2,249  1,236  129  261  (2,025) —  5,768 
Income (loss) before income taxes 2,289  1,657  2,268  1,098  135  1,081  (1,595) —  6,933 
Six Months Ended July 1, 2022                
Net operating revenues:                
Third party $ 3,679  $ 2,354  $ 7,618  $ 2,574  $ 1,424  $ 4,119  $ 48  $ —  $ 21,816 
Intersegment 338  —  2  403  —  4  —  (747) — 
Total net operating revenues 4,017  2,354  7,620  2,977  1,424  4,123  48  (747) 21,816 
Operating income (loss) 2,298  1,434  1,896  1,417  95  306  (1,700) —  5,746 
Income (loss) before income taxes 2,248  1,437  1,912  1,427  104  846  (2,232) —  5,742