OPERATING SEGMENTS (Tables)

3 Months Ended

Jun. 28, 2024

Schedule of Segment Reporting Information, by Segment

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			Corporate		Eliminations		Consolidated
As of and for the Three Months Ended June 28, 2024
Net operating revenues:
Third party	$	2,184	$	1,650	$	4,808	$	1,386		$	768	$	1,537		$	30	$	—	$	12,363
Intersegment	155		—		4		126			—		2			—		(287)		—
Total net operating revenues	2,339		1,650		4,812		1,512			768		1,539			30		(287)		12,363
Operating income (loss)	1,252		920		1,312		647			92		98			(1,689)		—		2,632
Income (loss) before income taxes	1,267		887		1,324		648			94		548			(1,740)		—		3,028
Identifiable operating assets	7,475		3,064		25,972		2,532		2	7,576		7,888		2	27,588		—		82,095
Investments1	402		671		15		54			—		12,751			5,214		—		19,107
As of and for the Three Months Ended June 30, 2023
Net operating revenues:
Third party	$	2,043	$	1,378	$	4,365	$	1,349		$	765	$	2,042		$	30	$	—	$	11,972
Intersegment	145		—		2		218			—		—			—		(365)		—
Total net operating revenues	2,188		1,378		4,367		1,567			765		2,042			30		(365)		11,972
Operating income (loss)	1,133		797		1,216		673			78		122			(1,618)		—		2,401
Income (loss) before income taxes	1,147		802		1,227		675			78		577			(1,626)		—		2,880
Identifiable operating assets	7,729		2,474		26,109		2,453		2, 3	7,622		9,281		2, 3	23,368		—		79,036
Investments1	394		728		15		76			—		13,406			4,801		—		19,420
As of December 31, 2023
Identifiable operating assets	$	7,117	$	3,149	$	25,808	$	2,428	2	$	7,607	$	9,871	2	$	21,934	$	—	$	77,914
Investments1	389		712		15		71			—		13,639			4,963		—		19,789

1Principally equity method investments and other investments in bottling companies.

2Property, plant and equipment — net in India represented 14%, 10% and 12% of consolidated property, plant and equipment — net as of June 28, 2024, June 30, 2023 and December 31, 2023, respectively.

3Property, plant and equipment — net in the Philippines represented 10% of consolidated property, plant and equipment — net as of June 30, 2023. As of December 31, 2023, the Company’s bottling operations in the Philippines met the criteria to be classified as held for sale. Refer to Note 2.