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OPERATING SEGMENTS (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of total net operating revenues related to concentrate and finished products operation
The following table sets forth the percentage of total net operating revenues attributable to concentrate operations and finished product operations:
Year Ended December 31,202220212020
Concentrate operations56 %56 %56 %
Finished product operations44 44 44 
Total100 %100 %100 %
Schedule of net revenue and property plant and equipment by Geography
The following table provides information related to our net operating revenues (in millions):
Year Ended December 31,202220212020
United States$15,413 $13,010 $11,281 
International27,591 25,645 21,733 
Net operating revenues$43,004 $38,655 $33,014 
The following table provides information related to our property, plant and equipment — net (in millions):
Year Ended December 31,202220212020
United States$3,494 $3,420 $3,988 
International6,347 6,500 6,789 
Property, plant and equipment — net$9,841 $9,920 $10,777 
Schedule of Segment Reporting Information, by Segment
Information about our Company’s operations by operating segment and Corporate is as follows (in millions):
Europe,
Middle East & Africa
Latin
America
North
America
Asia PacificGlobal VenturesBottling
Investments
CorporateEliminationsConsolidated
As of and for the Year Ended December 31, 2022
        
Net operating revenues:        
Third party$6,896 $4,910 $15,667 $4,711 

$2,843 $7,883 $94 $ $43,004 
Intersegment627  7 734  8  (1,376) 
Total net operating revenues7,523 4,910 15,674 5,445 2,843 7,891 94 (1,376)43,004 
Operating income (loss)3,958 2,870 3,742 2,303 185 487 (2,636) 10,909 
Interest income  29  9  411  449 
Interest expense      882  882 
Depreciation and amortization63 39 330 58 140 435 195  1,260 
Equity income (loss) — net43 7 (1)9  1,184 230  1,472 
Income (loss) before income taxes3,952 2,879 3,768 2,320 196 1,743 (3,172) 11,686 
Identifiable operating assets7,088 2,067 25,760 2,368 
2
7,325 10,232 
2
19,158  73,998 
Investments1
410 629 15 219  12,892 4,600  18,765 
Capital expenditures50 4 280 22 179 697 252  1,484 
As of and for the Year Ended December 31, 2021
        
Net operating revenues:        
Third party$6,564 $4,143 $13,184 $4,682 $2,805 $7,194 $83 $— $38,655 
Intersegment629 — 609 — (1,255)— 
Total net operating revenues7,193 4,143 13,190 5,291 2,805 7,203 85 (1,255)38,655 
Operating income (loss)3,735 2,534 3,331 2,325 293 473 (2,383)— 10,308 
Interest income— — 40 — 10 — 226 — 276 
Interest expense— — — — — — 1,597 — 1,597 
Depreciation and amortization76 39 388 49 135 529 236 — 1,452 
Equity income (loss) — net33 22 (6)1,071 301 — 1,438 
Income (loss) before income taxes3,821 2,542 3,140 2,350 310 1,596 (1,334)— 12,425 
Identifiable operating assets7,908 1,720 25,730 2,355 
2
7,949 10,312 
2
19,964 — 75,938 
Investments1
436 594 21 230 — 12,669 4,466 — 18,416 
Capital expenditures35 228 65 285 560 192 — 1,367 
Year Ended December 31, 2020  
Net operating revenues:  
Third party$5,534 $3,499 $11,473 $4,213 $1,991 $6,258 $46 $— $33,014 
Intersegment523 — 509 — — (1,043)— 
Total net operating revenues6,057 3,499 11,477 4,722 1,991 6,265 46 (1,043)33,014 
Operating income (loss)3,313 2,116 2,471 2,133 (123)308 (1,221)— 8,997 
Interest income— — 64 — 11 — 295 — 370 
Interest expense— — — — — — 1,437 — 1,437 
Depreciation and amortization86 45 439 47 122 551 246 — 1,536 
Equity income (loss) — net31 (72)— (9)779 241 — 978 
Income (loss) before income taxes3,379 2,001 2,500 2,158 (120)898 (1,067)— 9,749 
Capital expenditures27 182 20 261 474 207 — 1,177 
1Principally equity method investments and other investments in bottling companies.
2Property, plant and equipment — net in the Philippines represented 10 percent of consolidated property, plant and equipment — net as of December 31, 2022 and 2021.