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OTHER COMPREHENSIVE INCOME
 9 Months Ended
Sep. 26, 2025
Equity [Abstract]  
OTHER COMPREHENSIVE INCOME OTHER COMPREHENSIVE INCOME
AOCI attributable to shareowners of The Coca-Cola Company is separately presented in our consolidated balance sheet as a component of shareowners’ equity, which also includes our proportionate share of equity method investees’ AOCI. OCI attributable to noncontrolling interests is allocated to, and included in, our consolidated balance sheet as part of the line item equity attributable to noncontrolling interests.
AOCI attributable to shareowners of The Coca-Cola Company consisted of the following, net of tax (in millions):
September 26,
2025		December 31,
2024
Net foreign currency translation adjustments$(13,329)$(15,610)
Accumulated net gains (losses) on derivatives(333)116 
Unrealized net gains (losses) on available-for-sale debt securities(32)(64)
Adjustments to pension and other postretirement benefit liabilities(1,258)(1,285)
Accumulated other comprehensive income (loss)$(14,952)$(16,843)

The following table summarizes the allocation of total comprehensive income between shareowners of The Coca-Cola Company and noncontrolling interests (in millions):
Nine Months Ended September 26, 2025
Shareowners of
The Coca-Cola Company		Noncontrolling
Interests		Total
Consolidated net income$10,836 $(15)$10,821 
Other comprehensive income:
Net foreign currency translation adjustments1
2,281 (122)2,159 
Net gains (losses) on derivatives2
(449)— (449)
Net change in unrealized gains (losses) on available-for-sale debt securities3
32 — 32 
Net change in pension and other postretirement benefit liabilities27 — 27 
Total comprehensive income (loss)$12,727 $(137)$12,590 
1Includes reclassification of $226 million of foreign currency translation adjustments from shareowners of The Coca-Cola Company to noncontrolling interests related to our bottling operations in India. Refer to Note 11.
2Refer to Note 6 for additional information related to the net gains or losses on derivative instruments.
3Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities.
The following tables present OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees’ OCI (in millions):
Three Months Ended September 26, 2025Before-Tax Amount Income TaxAfter-Tax Amount
Foreign currency translation adjustments:
Translation adjustments arising during the period$482 $(96)$386 
Reclassification adjustments recognized in net income38 — 38 
Gains (losses) on intra-entity transactions that are of a long-term investment nature(39)— (39)
Gains (losses) on net investment hedges arising during the period1
35 (8)27 
Reclassification to noncontrolling interests2
226 — 226 
Net foreign currency translation adjustments$742 $(104)$638 
Derivatives:
Gains (losses) arising during the period$80 $(12)$68 
Reclassification adjustments recognized in net income112 (28)84 
Net gains (losses) on derivatives1
$192 $(40)$152 
Available-for-sale debt securities:
Unrealized gains (losses) arising during the period$12 $(4)$8 
Reclassification adjustments recognized in net income1 — 1 
Net change in unrealized gains (losses) on available-for-sale debt securities3
$13 $(4)$9 
Pension and other postretirement benefit liabilities:
Net pension and other postretirement benefit liabilities arising during the period$(10)$(1)$(11)
Reclassification adjustments recognized in net income24 (6)18 
Net change in pension and other postretirement benefit liabilities$14 $(7)$7 
Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
   Company		$961 $(155)$806 
1 Refer to Note 6 for additional information related to the net gains or losses on derivative instruments.
2 Refer to Note 11 for additional information related to the noncontrolling interest in our bottling operations in India.
3 Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities.
Nine Months Ended September 26, 2025Before-Tax Amount Income TaxAfter-Tax Amount
Foreign currency translation adjustments:
Translation adjustments arising during the period$585 $(189)$396 
Reclassification adjustments recognized in net income72 (2)70 
Gains (losses) on intra-entity transactions that are of a long-term investment nature2,872 — 2,872 
Gains (losses) on net investment hedges arising during the period1
(1,710)427 (1,283)
Reclassification to noncontrolling interests2
226 — 226 
Net foreign currency translation adjustments$2,045 $236 $2,281 
Derivatives:
Gains (losses) arising during the period$(679)$175 $(504)
Reclassification adjustments recognized in net income73 (18)55 
Net gains (losses) on derivatives1
$(606)$157 $(449)
Available-for-sale debt securities:
Unrealized gains (losses) arising during the period$44 $(14)$30 
Reclassification adjustments recognized in net income2 — 2 
Net change in unrealized gains (losses) on available-for-sale debt securities3
$46 $(14)$32 
Pension and other postretirement benefit liabilities:
Net pension and other postretirement benefit liabilities arising during the period$(49)$13 $(36)
Reclassification adjustments recognized in net income83 (20)63 
Net change in pension and other postretirement benefit liabilities$34 $(7)$27 
Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
   Company		$1,519 $372 $1,891 
1 Refer to Note 6 for additional information related to the net gains or losses on derivative instruments.
2 Refer to Note 11 for additional information related to the noncontrolling interest in our bottling operations in India.
3 Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities.
Three Months Ended September 27, 2024Before-Tax Amount Income TaxAfter-Tax Amount
Foreign currency translation adjustments:
Translation adjustments arising during the period$(469)$89 $(380)
Gains (losses) on intra-entity transactions that are of a long-term investment nature959 — 959 
Gains (losses) on net investment hedges arising during the period1
(575)143 (432)
Net foreign currency translation adjustments$(85)$232 $147 
Derivatives:
Gains (losses) arising during the period$(216)$52 $(164)
Reclassification adjustments recognized in net income(72)18 (54)
Net gains (losses) on derivatives1
$(288)$70 $(218)
Available-for-sale debt securities:
Unrealized gains (losses) arising during the period$11 $(2)$9 
Reclassification adjustments recognized in net income(8)2 (6)
Net change in unrealized gains (losses) on available-for-sale debt securities2
$3 $— $3 
Pension and other postretirement benefit liabilities:
Net pension and other postretirement benefit liabilities arising during the period$(20)$5 $(15)
Reclassification adjustments recognized in net income6 (1)5 
Net change in pension and other postretirement benefit liabilities$(14)$4 $(10)
Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
   Company		$(384)$306 $(78)
1Refer to Note 6 for additional information related to the net gains or losses on derivative instruments.
2Refer to Note 4 for additional information related to the net unrealized gains or losses on available-for-sale debt securities.
Nine Months Ended September 27, 2024Before-Tax Amount Income TaxAfter-Tax Amount
Foreign currency translation adjustments:
Translation adjustments arising during the period$(1,612)$181 $(1,431)
Reclassification adjustments recognized in net income103 — 103 
Gains (losses) on intra-entity transactions that are of a long-term investment nature271 — 271 
Gains (losses) on net investment hedges arising during the period1
(194)47 (147)
Net foreign currency translation adjustments$(1,432)$228 $(1,204)
Derivatives:
Gains (losses) arising during the period$(33)$6 $(27)
Reclassification adjustments recognized in net income(32)8 (24)
Net gains (losses) on derivatives1
$(65)$14 $(51)
Available-for-sale debt securities:
Unrealized gains (losses) arising during the period$(27)$11 $(16)
Reclassification adjustments recognized in net income(4)1 (3)
Net change in unrealized gains (losses) on available-for-sale debt securities2
$(31)$12 $(19)
Pension and other postretirement benefit liabilities:
Net pension and other postretirement benefit liabilities arising during the period$(29)$3 $(26)
Reclassification adjustments recognized in net income51 (12)39 
Net change in pension and other postretirement benefit liabilities$22 $(9)$13 
Other comprehensive income (loss) attributable to shareowners of The Coca-Cola
   Company		$(1,506)$245 $(1,261)
1Refer to Note 6 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.
The following table presents the amounts and line items in our consolidated statements of income where adjustments reclassified from AOCI into income were recorded (in millions):
Amount Reclassified from AOCI
into Income
Description of AOCI ComponentFinancial Statement Line Item ImpactedThree Months Ended September 26, 2025Nine Months Ended September 26, 2025
Foreign currency translation adjustments:
Divestitures1,2
Other income (loss) — net$38 $72 
Income before income taxes38 72 
Income taxes — (2)
Consolidated net income$38 $70 
Derivatives:
Foreign currency contractsNet operating revenues$109 $137 
Foreign currency and commodity contractsCost of goods sold— (2)
Foreign currency and interest rate contractsInterest expense2 5 
Foreign currency contractsOther income (loss) — net1 (67)
Income before income taxes112 73 
Income taxes(28)(18)
Consolidated net income$84 $55 
Available-for-sale debt securities:
Sale of debt securitiesOther income (loss) — net$1 $2 
Income before income taxes1 2 
Income taxes— — 
Consolidated net income$1 $2 
Pension and other postretirement benefit liabilities:
Divestitures1
Other income (loss) — net$— $(2)
Curtailment loss (gain)Other income (loss) — net— 11 
Amortization of net actuarial loss (gain)Other income (loss) — net24 75 
Amortization of prior service cost (credit)Other income (loss) — net— (1)
Income before income taxes24 83 
Income taxes(6)(20)
Consolidated net income$18 $63 
1Related to the sale of a portion of our ownership interest in CCEP. Refer to Note 2.
2Related to the refranchising of certain bottling operations in Ghana. Refer to Note 16.