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


	Year Ended December 31,
		2009		2008		2007		2006		2005

(In millions except ratios)
EARNINGS:
Income from continuing operations before income taxes and changes in accounting principles		$ 8,946		$ 7,506		$ 7,919		$ 6,628		$ 6,723
Fixed charges		422		513		524		271		281
Less:
Capitalized interest, net		(4	)	(7	)	(12	)	(10	)	(3	)
Equity (income) loss, net of dividends		(359	)	1,128		(452	)	124		(446	)

Adjusted earnings		$ 9,005		$ 9,140		$ 7,979		$ 7,013		$ 6,555

FIXED CHARGES:
Gross interest incurred		$ 359		$ 445		$ 468		$ 230		$ 243
Interest portion of rent expense		63		68		56		41		38

Total fixed charges		$ 422		$ 513		$ 524		$ 271		$ 281

Ratios of earnings to fixed charges		21.3		17.8		15.2		25.9		23.3

As of December 31, 2009, the Company was contingently liable for guarantees of indebtedness owed by third parties in the amount of approximately $245 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.