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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

VII. Pay Versus Performance


									Value of Initial Fixed $100 Investment Based On:
Year (a)	Summary Compensation Table Total for PEO ($) (b)		Compensation Actually Paid to PEO ($) (c)		Average Summary Compensation Table Total for Non-PEO Named Executive Officers ($) (d)		Average Compensation Actually Paid to Non-PEO Named Executive Officers ($) (e)		Total Shareholder Return ($) (f)		Peer Group Shareholder Return ($) (g)		Net Income (in thousands) ($) (h)		Income from Operations (in thousands) ($) (i)
2023		19,781,000		18,691,802		4,012,668		3,945,317		324.01		128.66		405,139		834,451
2022		14,689,126		14,689,126		3,080,256		3,219,288		176.09		133.82		430,158		641,047
2021		13,545,136		13,512,275		2,937,129		2,982,161		212.37		124.28		189,580		439,171
2020		12,467,192		12,280,332		2,398,616		2,400,346		91.05		107.28		172,493		313,378

Compensation Actually Paid to PEO (Column (c))

The amount reported for each year in column (c) is equal to (i) the amount reported in column (b) for J. Frank Harrison, III, Coca-Cola Consolidated’s principal executive officer (“PEO”) for each of the covered years,

minus

(ii) the aggregate change in the present value of Mr. Harrison’s benefits under the Pension Plan and the ORP during the covered year

plus

(iii) the aggregate value of Mr. Harrison’s benefits under the Pension Plan and the ORP attributable to his service during the covered year. Mr. Harrison fully accrued his benefit under the ORP prior to 2020 and benefit accruals under the Pension Plan were frozen in 2006. Therefore, there were no service costs for benefit accruals by Mr. Harrison under the ORP or the Pension Plan during the covered years. Mr. Harrison did not receive any stock or option awards during the covered years.

The following table provides information regarding the calculation for the Compensation Actually Paid (“CAP”) to Mr. Harrison for fiscal years 2023, 2022, 2021 and 2020:


Year	Summary Compensation Table Total for PEO ($)	Deduct Aggregate Change in Actual Present Value in Pension Plan & ORP ($)		Add Service Costs & Prior Service Costs for ORP ($)	Compensation Actually Paid to PEO ($)
2023	19,781,000		1,089,198	—	18,691,802
2022	14,689,126		—	—	14,689,126
2021	13,545,136		32,861	—	13,512,275
2020	12,467,192		186,860	—	12,280,332

Average Compensation Actually Paid to

Non-PEO

Named Executive Officers (Column (e))

The amount reported for each year in column (e) is equal to (i) the amount reported in column (d) for F. Scott Anthony, David M. Katz, Robert G. Chambless and E. Beauregarde Fisher III, the

non-PEO

named executive officers for each of the covered years,

minus

(ii) the average of the aggregate change in the present values of their benefits under the Pension Plan and the ORP during the covered year

plus

(iii) the average of the aggregate value of their benefits under the Pension Plan and the ORP attributable to their service during the covered year. Benefit accruals under the Pension Plan were frozen in 2006. Therefore, there were no service costs for benefit accruals by the

non-PEO

named executive officers under the Pension Plan during the covered years. None of the

non-PEO

named executive officers received any stock or option awards during the covered years.

The following table provides information regarding the calculation for the CAP to the

non-PEO

named executive officers for fiscal years 2023, 2022, 2021 and 2020:


Year	Average Summary Compensation Table Total for Non-PEO Named Executive Officers ($)		Deduct Average of the Aggregate Change in Actual Present Value in Pension Plan & ORP ($)		Add Average Service Costs & Prior Service Costs for ORP ($)		Average Compensation Actually Paid to Non-PEO Named Executive Officers ($)
2023		4,012,668		181,313		113,962		3,945,317
2022		3,080,256		—		139,032		3,219,288
2021		2,937,129		85,045		130,076		2,982,161
2020		2,398,616		102,672		104,402		2,400,346

Total Shareholder Return (Column (f))

The amounts shown in column (f) assume $100 was invested on December 27, 2019 (the last trading day of the Company’s fiscal year ended December 29, 2019) in Coca-Cola Consolidated Common Stock, and that all dividends were reinvested on a quarterly basis.

Peer Group Shareholder Return (Column (g))

The amounts shown in column (g) assume $100 was invested on December 27, 2019 in each of the companies in a peer group comprised of Keurig Dr Pepper Inc., National Beverage Corp., The Coca-Cola Company, Primo Water Corporation (f/k/a Cott Corporation) and PepsiCo, Inc., and that all dividends were reinvested on a quarterly basis. The returns for the companies included in the peer group have been weighted on the basis of the total market capitalization for each company.

Income from Operations (Column (i))

Income from operations as reported in the Company’s consolidated statements of operations for fiscal years 2020, 2021, 2022 and 2023.

Company Selected Measure Name

Income fromOperations

Named Executive Officers, Footnote

minus

(ii) the aggregate change in the present value of Mr. Harrison’s benefits under the Pension Plan and the ORP during the covered year

plus

Peer Group Issuers, Footnote

PEO Total Compensation Amount

$ 19,781,000

$ 14,689,126

$ 13,545,136

$ 12,467,192

PEO Actually Paid Compensation Amount

$ 18,691,802

14,689,126

13,512,275

12,280,332

Adjustment To PEO Compensation, Footnote

The following table provides information regarding the calculation for the Compensation Actually Paid (“CAP”) to Mr. Harrison for fiscal years 2023, 2022, 2021 and 2020:


Year	Summary Compensation Table Total for PEO ($)	Deduct Aggregate Change in Actual Present Value in Pension Plan & ORP ($)		Add Service Costs & Prior Service Costs for ORP ($)	Compensation Actually Paid to PEO ($)
2023	19,781,000		1,089,198	—	18,691,802
2022	14,689,126		—	—	14,689,126
2021	13,545,136		32,861	—	13,512,275
2020	12,467,192		186,860	—	12,280,332

Non-PEO NEO Average Total Compensation Amount

$ 4,012,668

3,080,256

2,937,129

2,398,616

Non-PEO NEO Average Compensation Actually Paid Amount

$ 3,945,317

3,219,288

2,982,161

2,400,346

Adjustment to Non-PEO NEO Compensation Footnote

The following table provides information regarding the calculation for the CAP to the

non-PEO

named executive officers for fiscal years 2023, 2022, 2021 and 2020:


Year	Average Summary Compensation Table Total for Non-PEO Named Executive Officers ($)		Deduct Average of the Aggregate Change in Actual Present Value in Pension Plan & ORP ($)		Add Average Service Costs & Prior Service Costs for ORP ($)		Average Compensation Actually Paid to Non-PEO Named Executive Officers ($)
2023		4,012,668		181,313		113,962		3,945,317
2022		3,080,256		—		139,032		3,219,288
2021		2,937,129		85,045		130,076		2,982,161
2020		2,398,616		102,672		104,402		2,400,346

Compensation Actually Paid vs. Total Shareholder Return

Relationship between Compensation Actually Paid and Total Shareholder Return

The graph below reflects the relationship between the PEO and average

non-PEO

named executive officer CAP and the Company’s cumulative indexed total shareholder return (TSR) (assuming an initial fixed investment of $100 on December 27, 2019) for fiscal years 2020, 2021, 2022 and 2023:

Compensation Actually Paid vs. Net Income

Relationship between Compensation Actually Paid and Net Income

The graph below reflects the relationship between the PEO and average

non-PEO

named executive officer CAP and the Company’s net income for fiscal years 2020, 2021, 2022 and 2023:

Compensation Actually Paid vs. Company Selected Measure

Relationship between Compensation Actually Paid and Income from Operations

The graph below reflects the relationship between the PEO and average

non-PEO

named executive officer CAP and the Company’s income from operations for fiscal years 2020, 2021, 2022 and 2023:

Total Shareholder Return Vs Peer Group

Relationship between Compensation Actually Paid and Total Shareholder Return

The graph below reflects the relationship between the PEO and average

non-PEO

Tabular List, Table

Tabular List of Performance Measures

The following table presents the financial performance measures that the Company considers to have been the most important in linking PEO and

non-PEO

named executive officer CAP in fiscal 2023 to Company performance. The measures in this table are not ranked.

Most Important Financial Performance Measures


1		Income from Operations

2		EBIT (1)

3		EBIT Margin (1)

4		Free Cash Flow (1)

5		Revenue (1)

(1)	“EBIT,” “EBIT Margin,” “Free Cash Flow” and “Revenue” are non-GAAP financial performance measures. See Appendix A for a reconciliation to GAAP financial measures.