GOODWILL (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying value of goodwill by operating segment

The following table provides information related to the carrying value of our goodwill by operating segment (in millions):

	Europe, Middle East & Africa		Latin America		North America		Asia Pacific		Global Ventures		Bottling Investments		Total
2023
Balance at beginning of year	$	1,197	$	203	$	10,677	$	412	$	2,708	$	3,585	$	18,782
Effect of foreign currency translation	(44)		6		—		(11)		120		(264)		(193)
Divestitures1	—		—		—		—		—		(231)		(231)
Balance at end of year	$	1,153	$	209	$	10,677	$	401	$	2,828	$	3,090	$	18,358
2024
Balance at beginning of year	$	1,153	$	209	$	10,677	$	401	$	2,828	$	3,090	$	18,358
Effect of foreign currency translation	(66)		(11)		—		(10)		(41)		(84)		(212)
Impairment charges	—		—		—		—		—		(6)		(6)
Divestitures	—		—		—		—		—		(1)		(1)
Balance at end of year	$	1,087	$	198	$	10,677	$	391	$	2,787	$	2,999	$	18,139

1 The decrease in the Bottling Investments segment was a result of the Company’s bottling operations in the Philippines being classified as held for sale. Refer to Note 2.