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OPERATING SEGMENTS
 9 Months Ended
Sep. 26, 2025
Segment Reporting [Abstract]  
OPERATING SEGMENTS OPERATING SEGMENTS
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 Bottling
Investments		CorporateEliminationsConsolidated
Three Months Ended September 26, 2025        
Net operating revenues:        
Third party$2,818 $1,572 $5,249 $1,438 $1,344 $34 $— $12,455 
Intersegment178 1 4 68 2 — (253)— 
Total net operating revenues2,996 1,573 5,253 1,506 1,346 34 (253)12,455 
Cost of goods sold867 281 2,523 471 955 (47)(253)4,797 
Selling, general and administrative expenses1,032 395 1,049 514 334 294 — 3,618 
Other operating charges— — — — — 58 — 58 
Operating income (loss)$1,097 $897 $1,681 $521 $57 $(271)$— $3,982 
Interest income185 
Interest expense391 
Equity income (loss) — net644 
Other income (loss) — net(237)
Income before income taxes$4,183 
Other segment information:
Capital expenditures$66 $— $176 $12 $105 $120 $— $479 
Depreciation and amortization40 8 83 12 78 47 — 268 
Three Months Ended September 27, 2024        
Net operating revenues:        
Third party$2,555 $1,642 $5,037 $1,285 $1,314 $21 $— $11,854 
Intersegment172 — 1 77 2 — (252)— 
Total net operating revenues2,727 1,642 5,038 1,362 1,316 21 (252)11,854 
Cost of goods sold784 254 2,541 452 929 (44)(252)4,664 
Selling, general and administrative expenses945 364 1,041 448 344 494 — 3,636 
Other operating charges— 87 — — — 957 — 1,044 
Operating income (loss)$998 $937 $1,456 $462 $43 $(1,386)$— $2,510 
Interest income263 
Interest expense425 
Equity income (loss) — net541 
Other income (loss) — net491 
Income before income taxes$3,380 
Other segment information:
Capital expenditures$54 $— $144 $5 $150 $116 $— $469 
Depreciation and amortization47 8 78 11 74 50 — 268 
Europe, Middle East & Africa Latin
America 		North
America		Asia Pacific Bottling
Investments		CorporateEliminationsConsolidated
Nine Months Ended September 26, 2025        
Net operating revenues:        
Third party$8,307 $4,636 $14,636 $4,227 $4,214 $99 $— $36,119 
Intersegment522 1 7 272 6 — (808)— 
Total net operating revenues8,829 4,637 14,643 4,499 4,220 99 (808)36,119 
Cost of goods sold2,521 818 7,034 1,337 2,983 (211)(808)13,674 
Selling, general and administrative expenses2,821 1,030 2,966 1,370 1,002 1,133 — 10,322 
Other operating charges— 31 — — — 171 — 202 
Operating income (loss)$3,487 $2,758 $4,643 $1,792 $235 $(994)$— $11,921 
Interest income553 
Interest expense1,223 
Equity income (loss) — net1,556 
Other income (loss) — net229 
Income before income taxes$13,036 
Other segment information:
Capital expenditures$156 $1 $445 $17 $329 $282 $— $1,230 
Depreciation and amortization139 23 245 34 230 143 — 814 
Nine Months Ended September 27, 2024        
Net operating revenues:        
Third party$7,863 $4,824 $14,131 $3,946 $4,666 $87 $— $35,517 
Intersegment524 — 7 419 6 — (956)— 
Total net operating revenues8,387 4,824 14,138 4,365 4,672 87 (956)35,517 
Cost of goods sold2,333 820 7,166 1,287 3,290 (229)(956)13,711 
Selling, general and administrative expenses2,694 1,114 2,883 1,313 1,085 1,447 — 10,536 
Other operating charges— 87 760 — — 3,140 — 3,987 
Operating income (loss)$3,360 $2,803 $3,329 $1,765 $297 $(4,271)$— $7,283 
Interest income784 
Interest expense1,225 
Equity income (loss) — net1,432 
Other income (loss) — net2,006 
Income before income taxes$10,280 
Other segment information:
Capital expenditures$156 $1 $361 $15 $478 $250 $— $1,261 
Depreciation and amortization137 22 237 32 243 128 — 799 
Information about total assets by segment is not disclosed because such information is not regularly provided to, or used by, our Chief Operating Decision Maker.
During the three and nine months ended September 26, 2025 and September 27, 2024, our operating segments and Corporate were impacted by acquisition and divestiture activities. Refer to Note 2. Additionally, during the three and nine months ended September 26, 2025 and September 27, 2024, our operating segments and Corporate were impacted by certain significant operating and nonoperating items. Refer to Note 12.