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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Apr. 01, 2016
NET OPERATING REVENUES $ 9,118 $ 10,282
Cost of goods sold 3,513 4,069
GROSS PROFIT 5,605 6,213
Selling, general and administrative expenses 3,315 3,761
Other operating charges 308 311
OPERATING INCOME 1,982 2,141
Interest income 155 144
Interest expense 192 141
Equity income (loss) - net 116 92
Other income (loss) - net (554) (342)
INCOME BEFORE INCOME TAXES 1,507 1,894
Income taxes 323 401
CONSOLIDATED NET INCOME 1,184 1,493
Less: Net income (loss) attributable to noncontrolling interests 2 10
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY $ 1,182 $ 1,483
BASIC NET INCOME PER SHARE (in dollars per share) [1] $ 0.28 $ 0.34
DILUTED NET INCOME PER SHARE (in dollars per share) [1] 0.27 0.34
DIVIDENDS PER SHARE (in dollars per share) $ 0.37 $ 0.35
AVERAGE SHARES OUTSTANDING (in shares) 4,287 4,328
Effect of dilutive securities (in shares) 47 54
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares) 4,334 4,382
[1] Calculated based on net income attributable to shareowners of The Coca-Cola Company.