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OPERATING SEGMENTS (Tables)
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
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 Pacific Global Ventures Bottling
Investments		CorporateEliminationsConsolidated
As of and for the Three Months Ended March 31, 2023        
Net operating revenues:        
Third party$1,831 $1,386 $3,902 $1,185 $707 $1,944 $25 $— $10,980 
Intersegment193 — 2 186 — 2 — (383)— 
Total net operating revenues2,024 1,386 3,904 1,371 707 1,946 25 (383)10,980 
Operating income (loss)1,135 853 1,033 563 51 139 (407)— 3,367 
Income (loss) before income taxes1,142 855 1,041 423 57 504 31 — 4,053 
Identifiable operating assets7,682 2,315 26,692 2,668 
2
7,388 9,653 
2
21,925 — 78,323 
Investments1
401 681 15 77 — 13,200 4,707 — 19,081 
As of and for the Three Months Ended April 1, 2022        
Net operating revenues:        
Third party$1,661 $1,214 $3,589 $1,231 $729 $2,042 $25 $— $10,491 
Intersegment172 — 1 180 — 2 — (355)— 
Total net operating revenues1,833 1,214 3,590 1,411 729 2,044 25 (355)10,491 
Operating income (loss)1,007 760 1,056 664 51 193 (326)— 3,405 
Income (loss) before income taxes1,023 757 1,064 670 56 393 (505)— 3,458 
Identifiable operating assets8,092 1,988 26,395 2,574 
2
7,755 10,710 
2
17,564 — 75,078 
Investments1
415 633 19 232 — 13,193 4,494 — 18,986 
As of December 31, 2022        
Identifiable operating assets$7,088 $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 
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 March 31, 2023, April 1, 2022 and December 31, 2022.