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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2021
Jun. 26, 2020
Jul. 02, 2021
Jun. 26, 2020
Revenues $ 10,129 $ 7,150 $ 19,149 $ 15,751
Cost of Goods Sold 3,787 3,013 7,292 6,384
GROSS PROFIT 6,342 4,137 11,857 9,367
Selling, general and administrative expenses 3,017 1,983 5,686 4,631
Other operating charges 309 173 433 375
OPERATING INCOME 3,016 1,981 5,738 4,361
Interest income 71 100 137 212
Interest expense 780 274 1,222 467
Equity income (loss) - net 402 176 681 343
Other income (loss) — net 909 214 1,047 758
INCOME BEFORE INCOME TAXES 3,618 2,197 6,381 5,207
Income taxes 994 438 1,502 653
CONSOLIDATED NET INCOME 2,624 1,759 4,879 4,554
Net Income (Loss) Attributable to Noncontrolling Interest (17) (20) (7) 0
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 2,641 $ 1,779 $ 4,886 $ 4,554
BASIC NET INCOME PER SHARE (in dollars per share) $ 0.61 $ 0.41 $ 1.13 $ 1.06
DILUTED NET INCOME PER SHARE (in dollars per share) $ 0.61 $ 0.41 $ 1.13 $ 1.05
AVERAGE SHARES OUTSTANDING - BASIC (in shares) 4,313,000,000 4,295,000,000 4,310,000,000 4,292,000,000
Effect of dilutive securities (in shares) 25,000,000 21,000,000 24,000,000 29,000,000
AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 4,338,000,000 4,316,000,000 4,334,000,000 4,321,000,000

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