v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 25, 2020
Sep. 27, 2019
Sep. 25, 2020
Sep. 27, 2019
Revenues $ 8,652 $ 9,507 $ 24,403 $ 28,198
Cost of Goods Sold 3,471 3,767 9,855 11,053
GROSS PROFIT 5,181 5,740 14,548 17,145
Selling, general and administrative expenses 2,511 3,116 7,142 8,879
Other operating charges 372 125 747 344
OPERATING INCOME 2,298 2,499 6,659 7,922
Interest income 82 153 294 428
Interest expense 660 230 1,127 711
Equity income (loss) - net 431 346 774 808
Other income (loss) — net 30 324 788 (81)
INCOME BEFORE INCOME TAXES 2,181 3,092 7,388 8,366
Income taxes 441 503 1,094 1,446
CONSOLIDATED NET INCOME 1,740 2,589 6,294 6,920
Net Income (Loss) Attributable to Noncontrolling Interest 3 (4) 3 42
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 1,737 $ 2,593 $ 6,291 $ 6,878
BASIC NET INCOME PER SHARE (in dollars per share) $ 0.40 $ 0.61 $ 1.47 $ 1.61
DILUTED NET INCOME PER SHARE (in dollars per share) $ 0.40 $ 0.60 $ 1.46 $ 1.60
AVERAGE SHARES OUTSTANDING (in shares) 4,296,000,000 4,280,000,000 4,293,000,000 4,273,000,000
Effect of dilutive securities (in shares) 25,000,000 41,000,000 28,000,000 38,000,000
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) 4,321,000,000 4,321,000,000 4,321,000,000 4,311,000,000

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