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OPERATING SEGMENTS - Information about Operating Segments (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 27, 2024 | Sep. 29, 2023 | Sep. 27, 2024 | Sep. 29, 2023 | Dec. 31, 2023
Net operating revenues: |  |  |  |  |
Third Party | $ 11,854 | $ 11,953 | $ 35,517 | $ 34,905 |
Intersegment | 0 | 0 | 0 | 0 |
Net Operating Revenues | 11,854 | 11,953 | 35,517 | 34,905 |
Operating Income (Loss) | 2,510 | 3,270 | 7,283 | 9,038 |
Income (loss) before income taxes | 3,380 | 3,537 | 10,280 | 10,470 |
Identifiable operating assets | 87,229 | 78,218 | 87,229 | 78,218 | $ 77,914
Noncurrent investments | $ 19,037 | $ 19,360 | $ 19,037 | $ 19,360 | $ 19,789
INDIA |  |  |  |  |
Net operating revenues: |  |  |  |  |
Property, Plant and Equipment, Net Percentage | 14.00% | 12.00% | 14.00% | 12.00% | 12.00%
Europe, Middle East & Africa |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | $ 1,847 | $ 2,009 | $ 5,807 | $ 5,883 |
Intersegment | 172 | 167 | 524 | 505 |
Net Operating Revenues | 2,019 | 2,176 | 6,331 | 6,388 |
Operating Income (Loss) | 977 | 1,136 | 3,309 | 3,404 |
Income (loss) before income taxes | 995 | 1,154 | 3,351 | 3,443 |
Identifiable operating assets | 7,378 | 7,142 | 7,378 | 7,142 | $ 7,117
Noncurrent investments | 398 | 372 | 398 | 372 | 389
Latin America |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | 1,639 | 1,574 | 4,816 | 4,338 |
Intersegment | 0 | 0 | 0 | 0 |
Net Operating Revenues | 1,639 | 1,574 | 4,816 | 4,338 |
Operating Income (Loss) | 933 | 985 | 2,795 | 2,635 |
Income (loss) before income taxes | 933 | 988 | 2,767 | 2,645 |
Identifiable operating assets | 2,535 | 3,124 | 2,535 | 3,124 | 3,149
Noncurrent investments | 687 | 709 | 687 | 709 | 712
North America |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | 4,983 | 4,461 | 13,963 | 12,728 |
Intersegment | 1 | 2 | 7 | 6 |
Net Operating Revenues | 4,984 | 4,463 | 13,970 | 12,734 |
Operating Income (Loss) | 1,405 | 1,276 | 3,162 | 3,525 |
Income (loss) before income taxes | 1,415 | 1,295 | 3,194 | 3,563 |
Identifiable operating assets | 25,601 | 25,591 | 25,601 | 25,591 | 25,808
Noncurrent investments | 15 | 15 | 15 | 15 | 15
Asia Pacific |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | 1,272 | 1,235 | 3,911 | 3,769 |
Intersegment | 77 | 167 | 419 | 571 |
Net Operating Revenues | 1,349 | 1,402 | 4,330 | 4,340 |
Operating Income (Loss) | 459 | 491 | 1,760 | 1,727 |
Income (loss) before income taxes | 462 | 491 | 1,768 | 1,589 |
Identifiable operating assets | 2,664 | 2,324 | 2,664 | 2,324 | 2,428
Noncurrent investments | 57 | 71 | 57 | 71 | 71
Global Ventures |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | 781 | 779 | 2,279 | 2,251 |
Intersegment | 0 | 0 | 0 | 0 |
Net Operating Revenues | 781 | 779 | 2,279 | 2,251 |
Operating Income (Loss) | 77 | 81 | 224 | 210 |
Income (loss) before income taxes | 78 | 84 | 228 | 219 |
Identifiable operating assets | 7,994 | 7,349 | 7,994 | 7,349 | 7,607
Noncurrent investments | 0 | 0 | 0 | 0 | 0
Bottling investments |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | 1,314 | 1,855 | 4,666 | 5,841 |
Intersegment | 2 | 4 | 6 | 6 |
Net Operating Revenues | 1,316 | 1,859 | 4,672 | 5,847 |
Operating Income (Loss) | 43 | 132 | 297 | 393 |
Income (loss) before income taxes | 502 | 571 | 1,474 | 1,652 |
Identifiable operating assets | 8,341 | 9,342 | 8,341 | 9,342 | 9,871
Noncurrent investments | 12,688 | 13,310 | 12,688 | 13,310 | 13,639
Corporate |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | 18 | 40 | 75 | 95 |
Intersegment | 0 | 0 | 0 | 0 |
Net Operating Revenues | 18 | 40 | 75 | 95 |
Operating Income (Loss) | (1,384) | (831) | (4,264) | (2,856) |
Income (loss) before income taxes | (1,005) | (1,046) | (2,502) | (2,641) |
Identifiable operating assets | 32,716 | 23,346 | 32,716 | 23,346 | 21,934
Noncurrent investments | 5,192 | 4,883 | 5,192 | 4,883 | 4,963
Eliminations |  |  |  |  |
Net operating revenues: |  |  |  |  |
Third Party | 0 | 0 | 0 | 0 |
Intersegment | (252) | (340) | (956) | (1,088) |
Net Operating Revenues | (252) | (340) | (956) | (1,088) |
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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