OPERATING SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting Information [Line Items]

Schedule of total net operating revenues related to concentrate and finished products operation

The following table sets forth the percentage of total net operating revenues related to concentrate operations and finished product operations:

Year Ended December 31,	2018		2017		2016
Concentrate operations	58	%	50	%	40	%
Finished product operations	42		50		60
Total	100	%	100	%	100	%

Schedule of net revenue and property plant and equipment by Geography

The following table provides information related to our net operating revenues (in millions):

Year Ended December 31,	2018		2017		2016
United States	$	11,344	$	14,727	$	19,899
International	22,956		21,485		21,964
Net operating revenues	$	34,300	$	36,212	$	41,863

The following table provides information related to our property, plant and equipment — net (in millions):

Year Ended December 31,	2018		2017		2016
United States	$	4,154	$	4,163	$	6,784
International	5,444		5,475		3,851
Property, plant and equipment — net	$	9,598	$	9,638	$	10,635

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Information about our Company's operations by operating segment and Corporate as of and for the years ended December 31, 2018, 2017 and 2016, is as follows (in millions):

	Europe, Middle East & Africa			Latin America			North America			Asia Pacific		Global Ventures		Bottling Investments				Corporate			Eliminations			Consolidated
2018
Net operating revenues:
Third party	$	6,535		$	3,971		$	11,370		$	4,797	$	767	$	6,768			$	92		$	—		$	34,300
Intersegment	564			39			260			388		3		19				—			(1,273		)	—
Total net operating revenues	7,099			4,010			11,630			5,185		770		6,787				92			(1,273		)	34,300
Operating income (loss)	3,693			2,318			2,318			2,271		152		(197		)		(1,403		)	—			9,152
Interest income	—			—			57			—		13		—				619			—			689
Interest expense	—			—			—			—		—		—				950			—			950
Depreciation and amortization	77			30			422			58		8		239				252			—			1,086
Equity income (loss) — net	2			(19		)	(2		)	12		—		828				187			—			1,008
Income (loss) before income   taxes	3,386			2,243			2,345			2,298		165		(159		)		(2,053		)	—			8,225
Identifiable operating assets1	7,414		2	1,715			17,519			1,996		968		10,525			2	22,800			—			62,937
Investments3	789			784			400			216		—		14,372				3,718			—			20,279
Capital expenditures	66			90			429			31		11		517				404			—			1,548
2017
Net operating revenues:
Third party	$	6,780		$	3,953		$	8,678		$	4,753	$	712	$	11,223			$	113		$	—		$	36,212
Intersegment	42			73			1,951			409		3		83				—			(2,561		)	—
Total net operating revenues	6,822			4,026			10,629			5,162		715		11,306				113			(2,561		)	36,212
Operating income (loss)	3,585			2,215			2,472			2,136		159		(806		)		(2,006		)	—			7,755
Interest income	—			—			36			—		9		—				634			—			679
Interest expense	—			—			—			—		—		—				853			—			853
Depreciation and amortization	86			37			411			65		5		454				202			—			1,260
Equity income (loss) — net	49			(3		)	(3		)	11		—		878				140			—			1,072
Income (loss) before income   taxes	3,666			2,209			2,192			2,168		167		(2,202		)		(1,310		)	—			6,890
Identifiable operating assets1	4,880		2	1,896			17,224			2,070		991		11,719			2	27,157			—			65,937
Investments3	1,238			891			112			177		—		16,005				3,536			—			21,959
Capital expenditures	77			55			541			50		4		737				286			—			1,750
2016
Net operating revenues:
Third party	$	6,535		$	3,744		$	6,479		$	4,775	$	626	$	19,601			$	103		$	—		$	41,863
Intersegment	264			73			3,735			506		8		134				—			(4,720		)	—
Total net operating revenues	6,799			3,817			10,214			5,281		634		19,735				103			(4,720		)	41,863
Operating income (loss)	3,637			1,951			2,505			2,199		138		1				(1,774		)	—			8,657
Interest income	—			—			23			—		4		—				615			—			642
Interest expense	—			—			—			—		—		—				733			—			733
Depreciation and amortization	87			35			426			80		6		1,013				140			—			1,787
Equity income (loss) — net	62			18			(17		)	9		—		648				115			—			835
Income (loss) before income   taxes	3,718			1,964			2,479			2,227		142		(1,955		)		(439		)	—			8,136
Capital expenditures	56			45			438			107		6		1,329				281			—			2,262

¹  Principally cash and cash equivalents, short-term investments, marketable securities, trade accounts receivable, inventories, goodwill, trademarks and other intangible assets, and property, plant and equipment — net.

²  Property, plant and equipment — net in South Africa represented 14 percent and 15 percent of consolidated property, plant and equipment — net in 2018 and 2017, respectively.

³ 

Principally equity method investments and other investments in bottling companies.