Exhibit 12.1

THE COCA-COLA COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

			Six Months Ended		Year Ended December 31,
			June 29, 2007		2006		2005		2004		2003		2002
(In millions except ratios)
EARNINGS:
	Income from continuing operations before income     taxes and changes in accounting principles		$  4,137		$  6,578		$  6,690		$  6,222		$  5,495		$  5,499
	Fixed charges		201		271		281		232		220		236
	Less:
		Capitalized interest, net	(7	)	(10	)	(3	)	(1	)	(1	)	(1	)
		Equity income, net of dividends	(82	)	124		(446	)	(476	)	(294	)	(256	)
	Adjusted earnings		$  4,249		$  6,963		$  6,522		$  5,977		$  5,420		$  5,478
FIXED CHARGES:
	Gross interest incurred		$     180		$     230		$     243		$     197		$     179		$     200
	Interest portion of rent expense		21		41		38		35		41		36
	Total fixed charges		$     201		$     271		$     281		$     232		$     220		$     236
	Ratios of earnings to fixed charges		21.1		25.7		23.2		25.8		24.6		23.2

        As of June 29, 2007, the Company is contingently liable for guarantees of indebtedness owed by third parties in the amount of $263 million. Fixed charges for these contingent liabilities have not been included in the computation of the above ratios, as the amounts are immaterial and, in the opinion of management, it is not probable that the Company will be required to satisfy the guarantees. The interest amount, in the above table, does not include interest expense associated with unrecognized tax benefits.