XML 69 R49.htm IDEA: XBRL DOCUMENT v3.25.0.1

OTHER COMPREHENSIVE INCOME (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

AOCI attributable to the shareowners of The Coca-Cola Company

AOCI attributable to shareowners of The Coca-Cola Company consisted of the following, net of tax (in millions):

December 31,			2024			2023
Net foreign currency translation adjustments			$	(15,610)		$	(12,726)
Accumulated net gains (losses) on derivatives			116			(154)
Unrealized net gains (losses) on available-for-sale debt securities			(64)			(1)
Adjustments to pension and other postretirement benefit liabilities			(1,285)			(1,394)
Accumulated other comprehensive income (loss)			$	(16,843)		$	(14,275)

Comprehensive Income (Loss) Apportioned between Shareowners of the The Coca-Cola Company and Noncontrolling Interests

The following table summarizes the allocation of total comprehensive income between shareowners of The Coca-Cola Company and noncontrolling interests (in millions):

			Year Ended December 31, 2024
			Shareowners of The Coca-Cola Company			Noncontrolling Interests			Total
Consolidated net income			$	10,631		$	18		$	10,649
Other comprehensive income:
Net foreign currency translation adjustments			(2,884)			(9)			(2,893)
Net gains (losses) on derivatives1			270			—			270
Net change in unrealized gains (losses) on available-for-sale debt    securities2			(63)			—			(63)
Net change in pension and other postretirement benefit liabilities3			109			—			109
Total comprehensive income			$	8,063		$	9		$	8,072

1Refer to Note 5 for additional information related to the net gains or losses on derivative instruments.

2Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities.

3Refer to Note 14 for additional information related to the Company’s pension and other postretirement benefit liabilities.

OCI attributable to shareowners of The Coca-Cola Company

The following tables present OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees’ OCI (in millions):

			Before-Tax Amount			Income Tax			After-Tax Amount
2024
Foreign currency translation adjustments:
Translation adjustments arising during the year			$	(2,427)		$	263		$	(2,164)
Reclassification adjustments recognized in net income			103			—			103
Gains (losses) on intra-entity transactions that are of a long-term investment nature			(1,455)			—			(1,455)
Gains (losses) on net investment hedges arising during the year1			844			(212)			632
Net foreign currency translation adjustments			$	(2,935)		$	51		$	(2,884)
Derivatives:
Gains (losses) arising during the year			$	405		$	(98)		$	307
Reclassification adjustments recognized in net income			(50)			13			(37)
Net gains (losses) on derivatives1			$	355		$	(85)		$	270
Available-for-sale debt securities:
Unrealized gains (losses) arising during the year			$	(93)		$	31		$	(62)
Reclassification adjustments recognized in net income			(2)			1			(1)
Net change in unrealized gains (losses) on available-for-sale debt securities2			$	(95)		$	32		$	(63)
Pension and other postretirement benefit liabilities:
Net pension and other postretirement benefit liabilities arising during the year			$	83		$	(25)		$	58
Reclassification adjustments recognized in net income			69			(18)			51
Net change in pension and other postretirement benefit liabilities3			$	152		$	(43)		$	109
Other comprehensive income (loss) attributable to shareowners of The Coca-Cola    Company			$	(2,523)		$	(45)		$	(2,568)

2023
Foreign currency translation adjustments:
Translation adjustments arising during the year			$	366		$	(131)		$	235
Reclassification adjustments recognized in net income			223			—			223
Gains (losses) on intra-entity transactions that are of a long-term investment nature			712			—			712
Gains (losses) on net investment hedges arising during the year1			(382)			95			(287)
Net foreign currency translation adjustments			$	919		$	(36)		$	883
Derivatives:
Gains (losses) arising during the year			$	(194)		$	23		$	(171)
Reclassification adjustments recognized in net income			(10)			3			(7)
Net gains (losses) on derivatives1			$	(204)		$	26		$	(178)
Available-for-sale debt securities:
Unrealized gains (losses) arising during the year			$	28		$	(10)		$	18
Reclassification adjustments recognized in net income			7			(1)			6
Net change in unrealized gains (losses) on available-for-sale debt securities2			$	35		$	(11)		$	24
Pension and other postretirement benefit liabilities:
Net pension and other postretirement benefit liabilities arising during the year			$	(314)		$	80		$	(234)
Reclassification adjustments recognized in net income			157			(32)			125
Net change in pension and other postretirement benefit liabilities3			$	(157)		$	48		$	(109)
Other comprehensive income (loss) attributable to shareowners of The Coca-Cola    Company			$	593		$	27		$	620

			Before-Tax Amount			Income Tax			After-Tax Amount
2022
Foreign currency translation adjustments:
Translation adjustments arising during the year			$	(125)		$	(226)		$	(351)
Reclassification adjustments recognized in net income			200			—			200
Gains (losses) on intra-entity transactions that are of a long-term investment nature			(1,419)			—			(1,419)
Gains (losses) on net investment hedges arising during the year1			741			(185)			556
Net foreign currency translation adjustments			$	(603)		$	(411)		$	(1,014)
Derivatives:
Gains (losses) arising during the year			$	165		$	(40)		$	125
Reclassification adjustments recognized in net income			(161)			40			(121)
Net gains (losses) on derivatives1			$	4		$	—		$	4
Available-for-sale debt securities:
Unrealized gains (losses) arising during the year			$	(69)		$	4		$	(65)
Reclassification adjustments recognized in net income			131			(29)			102
Net change in unrealized gains (losses) on available-for-sale debt securities2			$	62		$	(25)		$	37
Pension and other postretirement benefit liabilities:
Net pension and other postretirement benefit liabilities arising during the year			$	420		$	(90)		$	330
Reclassification adjustments recognized in net income			104			(26)			78
Net change in pension and other postretirement benefit liabilities3			$	524		$	(116)		$	408
Other comprehensive income (loss) attributable to shareowners of The Coca-Cola    Company			$	(13)		$	(552)		$	(565)

1Refer to Note 5 for additional information related to the net gains or losses on derivative instruments.

2Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities.

3Refer to Note 14 for additional information related to the Company’s pension and other postretirement benefit liabilities.

Reclassification out of Accumulated Other Comprehensive Income

The following table presents the reclassifications from AOCI into income recorded during the year ended December 31, 2024 (in millions):

Description of AOCI Component			Financial Statement Line Item Impacted			Amount Reclassified from AOCI
Foreign currency translation adjustments:
Divestitures1			Other income (loss) — net			$	103
			Income before income taxes			103
			Income taxes			—
			Consolidated net income			$	103
Derivatives:
Foreign currency contracts			Net operating revenues			$	(84)
Foreign currency and commodity contracts			Cost of goods sold			(17)
Foreign currency and interest rate contracts			Interest expense			6
Foreign currency contracts			Other income (loss) — net			45
			Income before income taxes			(50)
			Income taxes			13
			Consolidated net income			$	(37)
Available-for-sale debt securities:
Sale of debt securities			Other income (loss) — net			$	(2)
			Income before income taxes			(2)
			Income taxes			1
			Consolidated net income			$	(1)
Pension and other postretirement benefit liabilities:
Divestitures2			Other income (loss) — net			$	(6)
Settlement loss (gain)			Other income (loss) — net			(21)
Curtailment loss (gain)			Other income (loss) — net			(1)
Amortization of net actuarial loss (gain)			Other income (loss) — net			99
Amortization of prior service cost (credit)			Other income (loss) — net			(2)
			Income before income taxes			69
			Income taxes			(18)
			Consolidated net income			$	51

1 Related to the refranchising of our bottling operations in the Philippines and Bangladesh and the sale of our ownership interest in an equity method investee in Thailand. Refer to Note 2.

2 Primarily related to the refranchising of our bottling operations in the Philippines and Bangladesh. Refer to Note 2.

X

- Definition

Summarizes the allocation of total comprehensive income (loss), including the proportionate share of equity method investees' other comprehensive income (loss), between shareowners of the parent and noncontrolling interests.

+ References

No definition available.

+ Details

Name:	ko_ComprehensiveIncomeLossApportionedBetweenShareownersOfTheCocaColaCompanyAndNoncontrollingInterestsTableTextBlock
Namespace Prefix:	ko_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

+ References

No definition available.

+ Details

Name:	us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 1
-Section 45
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1

+ Details

Name:	us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration