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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2022
Apr. 02, 2021
Net Operating Revenues $ 10,491 $ 9,020
Cost of goods sold 4,091 3,505
Gross Profit 6,400 5,515
Selling, general and administrative expenses 2,967 2,669
Other operating charges 28 124
Operating Income 3,405 2,722
Interest income 78 66
Interest expense 182 442
Equity income (loss) — net 262 279
Other income (loss) — net (105) 138
Income Before Income Taxes 3,458 2,763
Income taxes 665 508
Consolidated Net Income 2,793 2,255
Net Income (Loss) Attributable to Noncontrolling Interest 12 10
Net Income Attributable to Shareowners of The Coca-Cola Company $ 2,781 $ 2,245
Basic Net Income Per Share1 $ 0.64 $ 0.52
Diluted Net Income Per Share1 $ 0.64 $ 0.52
Average Shares Outstanding — Basic 4,332,000,000 4,307,000,000
Effect of dilutive securities 25,000,000 23,000,000
Average Shares Outstanding — Diluted 4,357,000,000 4,330,000,000

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