v3.20.2
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		CorporateEliminationsConsolidated
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 
Intersegment137 — 1 127 — 1 — (266)— 
Total net operating revenues1,693 809 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 taxes925 476 738 575 (29)398 (902)— 2,181 
Identifiable operating assets8,283 
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 
Intersegment156 — 1 143 — 3 — (303)— 
Total net operating revenues1,828 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 taxes651 605 658 603 80 55 440 — 3,092 
Identifiable operating assets8,363 
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		CorporateEliminationsConsolidated
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 
Intersegment364 — 3 381 — 4 — (752)— 
Total net operating revenues4,628 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 taxes2,632 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 
Intersegment420 — 7 460 2 7 — (896)— 
Total net operating revenues5,530 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 taxes2,701 1,636 1,924 1,891 223 348 (357)— 8,366