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OPERATING SEGMENTS (Tables)

3 Months Ended

Sep. 27, 2024

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						Corporate			Eliminations			Consolidated
As of and for the Three Months Ended September 27, 2024
Net operating revenues:
Third party			$	1,847		$	1,639		$	4,983		$	1,272					$	781					$	1,314					$	18		$	—		$	11,854
Intersegment			172			—			1			77						—						2						—			(252)			—
Total net operating revenues			2,019			1,639			4,984			1,349						781						1,316						18			(252)			11,854
Operating income (loss)			977			933			1,405			459						77						43						(1,384)			—			2,510
Income (loss) before income taxes			995			933			1,415			462						78						502						(1,005)			—			3,380
Identifiable operating assets			7,378			2,535			25,601			2,664			2			7,994						8,341			2			32,716			—			87,229
Investments1			398			687			15			57						—						12,688						5,192			—			19,037
As of and for the Three Months Ended September 29, 2023
Net operating revenues:
Third party			$	2,009		$	1,574		$	4,461		$	1,235					$	779					$	1,855					$	40		$	—		$	11,953
Intersegment			167			—			2			167						—						4						—			(340)			—
Total net operating revenues			2,176			1,574			4,463			1,402						779						1,859						40			(340)			11,953
Operating income (loss)			1,136			985			1,276			491						81						132						(831)			—			3,270
Income (loss) before income taxes			1,154			988			1,295			491						84						571						(1,046)			—			3,537
Identifiable operating assets			7,142			3,124			25,591			2,324			2			7,349						9,342			2			23,346			—			78,218
Investments1			372			709			15			71						—						13,310						4,883			—			19,360
As of December 31, 2023
Identifiable operating assets			$	7,117		$	3,149		$	25,808		$	2,428		2			$	7,607					$	9,871		2			$	21,934		$	—		$	77,914
Investments1			389			712			15			71						—						13,639						4,963			—			19,789

1Principally equity method investments and other investments in bottling companies.

2Property, plant and equipment — net in India represented 14%, 12% and 12% of consolidated property, plant and equipment — net as of September 27, 2024, September 29, 2023 and December 31, 2023, respectively.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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