v3.20.2
Operating Segments (Tables)
 3 Months Ended 6 Months Ended
Jun. 26, 2020
Jun. 26, 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		CorporateEliminationsConsolidated
As of and for the Three Months Ended June 26, 2020        
Net operating revenues:        
Third party$1,135  $755  $2,647  $1,068  $295  $1,262  $(12) $—  $7,150  
Intersegment75  —  1  115  —  1  —  (192) —  
Total net operating revenues1,210  755  2,648  1,183  295  1,263  (12) (192) 7,150  
Operating income (loss)715  504  489  652  (102) 12  (289) —  1,981  
Income (loss) before income taxes736  444  483  661  (103) 166  (190) —  2,197  
Identifiable operating assets8,065  
1
1,643  20,320  2,131  
2
6,983  9,817  
1,2
26,795  —  75,754  
Investments3
534  573  356  226  5  13,199  4,042  —  18,935  
As of and for the Three Months Ended June 28, 2019        
Net operating revenues:        
Third party$1,804  $1,003  $3,158  $1,350  $635  $2,024  $23  $—  $9,997  
Intersegment126  —  4  190  —  2  —  (322) —  
Total net operating revenues1,930  1,003  3,162  1,540  635  2,026  23  (322) 9,997  
Operating income (loss)1,038  588  711  731  73  119  (272) —  2,988  
Income (loss) before income taxes1,062  540  729  738  75  393  (488) —  3,049  
Identifiable operating assets8,511  
1
2,008  18,512  2,266  7,236  10,727  
1
20,424  —  69,684  
Investments3
731  728  364  223  16  14,420  3,830  —  20,312  
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 June 26, 2020, June 28, 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 June 26, 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		CorporateEliminationsConsolidated
Six Months Ended June 26, 2020        
Net operating revenues:        
Third party$2,708  $1,685  $5,496  $2,057  $868  $2,918  $19  $—  $15,751  
Intersegment227  —  2  254  —  3  —  (486) —  
Total net operating revenues2,935  1,685  5,498  2,311  868  2,921  19  (486) 15,751  
Operating income (loss)1,675  1,043  876  1,163  (83) 75  (388) —  4,361  
Income (loss) before income taxes1,707  979  885  1,174  (85) 364  183  —  5,207  
Six Months Ended June 28, 2019        
Net operating revenues:        
Third party$3,438  $1,899  $5,839  $2,410  $1,218  $3,832  $55  $—  $18,691  
Intersegment264  —  6  317  2  4  —  (593) —  
Total net operating revenues3,702  1,899  5,845  2,727  1,220  3,836  55  (593) 18,691  
Operating income (loss)2,016  1,084  1,297  1,273  139  219  (605) —  5,423  
Income (loss) before income taxes2,050  1,031  1,266  1,288  143  293  (797) —  5,274