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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Oct. 01, 2021
Sep. 30, 2022
Oct. 01, 2021
Net Operating Revenues $ 11,063 $ 10,042 $ 32,879 $ 29,191
Cost of goods sold 4,566 3,977 13,487 11,269
Gross Profit 6,497 6,065 19,392 17,922
Selling, general and administrative expenses 3,279 3,122 9,449 8,808
Other operating charges 130 45 1,109 478
Operating Income 3,088 2,898 8,834 8,636
Interest income 128 68 306 205
Interest expense 198 210 578 1,432
Equity income (loss) — net 479 455 1,133 1,136
Other income (loss) — net (53) (127) (509) 920
Income Before Income Taxes 3,444 3,084 9,186 9,465
Income taxes 622 609 1,671 2,111
Consolidated Net Income 2,822 2,475 7,515 7,354
Net Income (Loss) Attributable to Noncontrolling Interest (3) 4 4 (3)
Net Income Attributable to Shareowners of The Coca-Cola Company $ 2,825 $ 2,471 $ 7,511 $ 7,357
Basic Net Income Per Share1 $ 0.65 $ 0.57 $ 1.74 $ 1.71
Diluted Net Income Per Share1 $ 0.65 $ 0.57 $ 1.73 $ 1.70
Average Shares Outstanding — Basic 4,325,000,000 4,318,000,000 4,329,000,000 4,313,000,000
Effect of dilutive securities 21,000,000 26,000,000 23,000,000 24,000,000
Average Shares Outstanding — Diluted 4,346,000,000 4,344,000,000 4,352,000,000 4,337,000,000

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