Operating Segments (Tables)

3 Months Ended

9 Months Ended

Sep. 25, 2020

Sep. 25, 2020

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

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 25, 2020
Net operating revenues:
Third party	$	1,556		$	809	$	3,087	$	1,207		$	513	$	1,474		$	6	$	—	$	8,652
Intersegment	137			—		1		127			—		1			—		(266)		—
Total net operating revenues	1,693			809		3,088		1,334			513		1,475			6		(266)		8,652
Operating income (loss)	903			483		727		564			(31)		55			(403)		—		2,298
Income (loss) before income taxes	925			476		738		575			(29)		398			(902)		—		2,181
Identifiable operating assets	8,283		1	1,647		19,983		2,143		2	7,453		9,851		1,2	28,237		—		77,597
Investments3	544			577		356		236			6		13,765			4,103		—		19,587
As of and for the Three Months Ended September 27, 2019
Net operating revenues:
Third party	$	1,672		$	1,045	$	3,137	$	1,319		$	629	$	1,681		$	24	$	—	$	9,507
Intersegment	156			—		1		143			—		3			—		(303)		—
Total net operating revenues	1,828			1,045		3,138		1,462			629		1,684			24		(303)		9,507
Operating income (loss)	886			603		641		594			77		7			(309)		—		2,499
Income (loss) before income taxes	651			605		658		603			80		55			440		—		3,092
Identifiable operating assets	8,363		1	1,895		17,895		2,118			6,935		10,456		1	20,204		—		67,866
Investments3	483			719		365		223			14		13,892			3,871		—		19,567
As of December 31, 2019
Identifiable operating assets	$	8,143	1	$	1,801	$	17,687	$	2,060		$	7,265	$	11,170	1	$	18,376	$	—	$	66,502
Investments3	543			716		358		224			14		14,093			3,931		—		19,879

¹ Property, plant and equipment — net in South Africa represented 14 percent, 14 percent and 16 percent of consolidated property, plant and equipment — net as of September 25, 2020, September 27, 2019 and December 31, 2019, respectively.

² Property, plant and equipment — net in the Philippines represented 10 percent of consolidated property, plant and equipment — net as of September 25, 2020.

³ Principally equity method investments and other investments in bottling companies.

	Europe, Middle East & Africa		Latin America		North America		Asia Pacific		Global Ventures		Bottling Investments		Corporate		Eliminations		Consolidated
Nine Months Ended September 25, 2020
Net operating revenues:
Third party	$	4,264	$	2,494	$	8,583	$	3,264	$	1,381	$	4,392	$	25	$	—	$	24,403
Intersegment	364		—		3		381		—		4		—		(752)		—
Total net operating revenues	4,628		2,494		8,586		3,645		1,381		4,396		25		(752)		24,403
Operating income (loss)	2,578		1,526		1,603		1,727		(114)		130		(791)		—		6,659
Income (loss) before income taxes	2,632		1,455		1,623		1,749		(114)		762		(719)		—		7,388
Nine Months Ended September 27, 2019
Net operating revenues:
Third party	$	5,110	$	2,944	$	8,976	$	3,729	$	1,847	$	5,513	$	79	$	—	$	28,198
Intersegment	420		—		7		460		2		7		—		(896)		—
Total net operating revenues	5,530		2,944		8,983		4,189		1,849		5,520		79		(896)		28,198
Operating income (loss)	2,902		1,687		1,938		1,867		216		226		(914)		—		7,922
Income (loss) before income taxes	2,701		1,636		1,924		1,891		223		348		(357)		—		8,366