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OPERATING SEGMENTS - Information about Operating Segments (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 28, 2024 | Jun. 30, 2023 | Jun. 28, 2024 | Jun. 30, 2023 | Dec. 31, 2023
Net operating revenues: |  |  |  |  |
Third Party | $ 12,363 | $ 11,972 | $ 23,663 | $ 22,952 |
Intersegment | 0 | 0 | 0 | 0 |
Net Operating Revenues | 12,363 | 11,972 | 23,663 | 22,952 |
Operating Income (Loss) | 2,632 | 2,401 | 4,773 | 5,768 |
Income (loss) before income taxes | 3,028 | 2,880 | 6,900 | 6,933 |
Identifiable operating assets | 82,095 | 79,036 | 82,095 | 79,036 | $ 77,914
Noncurrent investments | $ 19,107 | $ 19,420 | $ 19,107 | $ 19,420 | $ 19,789
INDIA |  |  |  |  |
Net operating revenues: |  |  |  |  |
Property, Plant and Equipment, Net Percentage | 14.00% | 10.00% | 14.00% | 10.00% | 12.00%
PHILIPPINES |  |  |  |  |
Net operating revenues: |  |  |  |  |
Property, Plant and Equipment, Net Percentage |  | 10.00% |  | 10.00% |
Europe, Middle East & Africa |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | $ 2,184 | $ 2,043 | $ 3,960 | $ 3,874 |
Intersegment | 155 | 145 | 352 | 338 |
Net Operating Revenues | 2,339 | 2,188 | 4,312 | 4,212 |
Operating Income (Loss) | 1,252 | 1,133 | 2,332 | 2,268 |
Income (loss) before income taxes | 1,267 | 1,147 | 2,356 | 2,289 |
Identifiable operating assets | 7,475 | 7,729 | 7,475 | 7,729 | $ 7,117
Noncurrent investments | 402 | 394 | 402 | 394 | 389
Latin America |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | 1,650 | 1,378 | 3,177 | 2,764 |
Intersegment | 0 | 0 | 0 | 0 |
Net Operating Revenues | 1,650 | 1,378 | 3,177 | 2,764 |
Operating Income (Loss) | 920 | 797 | 1,862 | 1,650 |
Income (loss) before income taxes | 887 | 802 | 1,834 | 1,657 |
Identifiable operating assets | 3,064 | 2,474 | 3,064 | 2,474 | 3,149
Noncurrent investments | 671 | 728 | 671 | 728 | 712
North America |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | 4,808 | 4,365 | 8,980 | 8,267 |
Intersegment | 4 | 2 | 6 | 4 |
Net Operating Revenues | 4,812 | 4,367 | 8,986 | 8,271 |
Operating Income (Loss) | 1,312 | 1,216 | 1,757 | 2,249 |
Income (loss) before income taxes | 1,324 | 1,227 | 1,779 | 2,268 |
Identifiable operating assets | 25,972 | 26,109 | 25,972 | 26,109 | 25,808
Noncurrent investments | 15 | 15 | 15 | 15 | 15
Asia Pacific |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | 1,386 | 1,349 | 2,639 | 2,534 |
Intersegment | 126 | 218 | 342 | 404 |
Net Operating Revenues | 1,512 | 1,567 | 2,981 | 2,938 |
Operating Income (Loss) | 647 | 673 | 1,301 | 1,236 |
Income (loss) before income taxes | 648 | 675 | 1,306 | 1,098 |
Identifiable operating assets | 2,532 | 2,453 | 2,532 | 2,453 | 2,428
Noncurrent investments | 54 | 76 | 54 | 76 | 71
Global Ventures |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | 768 | 765 | 1,498 | 1,472 |
Intersegment | 0 | 0 | 0 | 0 |
Net Operating Revenues | 768 | 765 | 1,498 | 1,472 |
Operating Income (Loss) | 92 | 78 | 147 | 129 |
Income (loss) before income taxes | 94 | 78 | 150 | 135 |
Identifiable operating assets | 7,576 | 7,622 | 7,576 | 7,622 | 7,607
Noncurrent investments | 0 | 0 | 0 | 0 | 0
Bottling investments |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | 1,537 | 2,042 | 3,352 | 3,986 |
Intersegment | 2 | 0 | 4 | 2 |
Net Operating Revenues | 1,539 | 2,042 | 3,356 | 3,988 |
Operating Income (Loss) | 98 | 122 | 254 | 261 |
Income (loss) before income taxes | 548 | 577 | 972 | 1,081 |
Identifiable operating assets | 7,888 | 9,281 | 7,888 | 9,281 | 9,871
Noncurrent investments | 12,751 | 13,406 | 12,751 | 13,406 | 13,639
Corporate |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | 30 | 30 | 57 | 55 |
Intersegment | 0 | 0 | 0 | 0 |
Net Operating Revenues | 30 | 30 | 57 | 55 |
Operating Income (Loss) | (1,689) | (1,618) | (2,880) | (2,025) |
Income (loss) before income taxes | (1,740) | (1,626) | (1,497) | (1,595) |
Identifiable operating assets | 27,588 | 23,368 | 27,588 | 23,368 | 21,934
Noncurrent investments | 5,214 | 4,801 | 5,214 | 4,801 | 4,963
Eliminations |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | 0 | 0 | 0 | 0 |
Intersegment | (287) | (365) | (704) | (748) |
Net Operating Revenues | (287) | (365) | (704) | (748) |
Operating Income (Loss) | 0 | 0 | 0 | 0 |
Income (loss) before income taxes | 0 | 0 | 0 | 0 |
Identifiable operating assets | 0 | 0 | 0 | 0 | 0
Noncurrent investments | $ 0 | $ 0 | $ 0 | $ 0 | $ 0

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