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EQUITY METHOD INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Summary of financial information for equity method investees
A summary of financial information for our equity method investees in the aggregate is as follows (in millions):
Year Ended December 31,1
202420232022
Net operating revenues$99,043 $93,862 $85,116 
Cost of goods sold58,527 55,780 52,051 
Gross profit$40,516 $38,082 $33,065 
Operating income$12,536 $11,868 $9,719 
Consolidated net income$8,439 $7,657 $6,373 
Less: Net income attributable to noncontrolling interests98 75 102 
Net income attributable to common shareowners$8,341 $7,582 $6,271 
Company equity income (loss) — net$1,770 $1,691 $1,472 
1 The financial information represents the results of the equity method investees during the Company’s period of ownership.
December 31,20242023
Current assets$33,720 $35,087 
Noncurrent assets72,039 74,464 
Total assets$105,759 $109,551 
Current liabilities$26,959 $26,929 
Noncurrent liabilities33,004 33,989 
Total liabilities$59,963 $60,918 
Equity attributable to shareowners of investees$44,295 $47,473 
Equity attributable to noncontrolling interests1,501 1,160 
Total equity$45,796 $48,633 
Company equity method investments$18,087 $19,671 
Equity Method Investments Fair Value and Carrying Value
The following table presents the difference between calculated fair value, based on quoted closing prices of publicly traded shares, and our Company’s carrying value in investments in publicly traded companies accounted for under the equity method (in millions):
December 31, 2024Fair ValueCarrying ValueDifference
Monster Beverage Corporation$10,735 $5,186 $5,549 
Coca-Cola Europacific Partners plc6,755 3,655 3,100 
Coca-Cola FEMSA, S.A.B. de C.V.4,544 1,786 2,758 
Coca-Cola HBC AG2,675 1,147 1,528 
Coca-Cola Consolidated, Inc.2,373 342 2,031 
Coca-Cola Bottlers Japan Holdings Inc.536 332 204 
Coca-Cola İçecek A.Ş.954 257 697 
Embotelladora Andina S.A.168 90 78 
Total$28,740 $12,795 $15,945