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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2022
Jul. 02, 2021
Jul. 01, 2022
Jul. 02, 2021
Net Operating Revenues $ 11,325 $ 10,129 $ 21,816 $ 19,149
Cost of goods sold 4,830 3,787 8,921 7,292
Gross Profit 6,495 6,342 12,895 11,857
Selling, general and administrative expenses 3,203 3,017 6,170 5,686
Other operating charges 951 309 979 433
Operating Income 2,341 3,016 5,746 5,738
Interest income 100 71 178 137
Interest expense 198 780 380 1,222
Equity income (loss) — net 392 402 654 681
Other income (loss) — net (351) 909 (456) 1,047
Income Before Income Taxes 2,284 3,618 5,742 6,381
Income taxes 384 994 1,049 1,502
Consolidated Net Income 1,900 2,624 4,693 4,879
Net Income (Loss) Attributable to Noncontrolling Interest (5) (17) 7 (7)
Net Income Attributable to Shareowners of The Coca-Cola Company $ 1,905 $ 2,641 $ 4,686 $ 4,886
Basic Net Income Per Share1 $ 0.44 $ 0.61 $ 1.08 $ 1.13
Diluted Net Income Per Share1 $ 0.44 $ 0.61 $ 1.08 $ 1.13
Average Shares Outstanding — Basic 4,331,000,000 4,313,000,000 4,331,000,000 4,310,000,000
Effect of dilutive securities 22,000,000 25,000,000 24,000,000 24,000,000
Average Shares Outstanding — Diluted 4,353,000,000 4,338,000,000 4,355,000,000 4,334,000,000

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