CHANGES IN EQUITY (Tables)

9 Months Ended

Sep. 26, 2025

Equity [Abstract]

Changes in Equity

The following tables provide a reconciliation of the beginning and ending carrying amounts of total equity, equity attributable to shareowners of The Coca-Cola Company and equity attributable to noncontrolling interests (in millions):

				Shareowners of The Coca-Cola Company
Three Months Ended September 26, 2025	Common Shares Outstanding	Total		Reinvested Earnings		Accumulated Other Comprehensive Income (Loss)		Common Stock		Capital Surplus		Treasury Stock		Non-controlling Interests
June 27, 2025	4,304	$	30,182	$	78,803	$	(15,758)	$	1,760	$	19,970	$	(56,190)	$	1,597
Comprehensive income (loss)1	—	4,288		3,696		806		—		—		—		(214)
Dividends paid/payable to   shareowners of The Coca-Cola   Company ($0.51 per share)	—	(2,194)		(2,194)		—		—		—		—		—
Dividends paid to noncontrolling   interests	—	(7)		—		—		—		—		—		(7)
Purchases of treasury stock	(3)	(174)		—		—		—		—		(174)		—
Impact related to stock-based   compensation plans	1	92		—		—		—		83		9		—
Sale of subsidiary shares1	—	1,080		—		—		—		436		—		644
September 26, 2025	4,302	$	33,267	$	80,305	$	(14,952)	$	1,760	$	20,489	$	(56,355)	$	2,020

1 In July 2025, we sold a 40% noncontrolling interest in our bottling operations in India to a local partner for approximately $1.3 billion, which, net of direct costs, resulted in an increase to total equity of $1.1 billion. As a result, 40% of the subsidiary’s equity was allocated to the noncontrolling interest and the remaining amount was recorded in capital surplus. Additionally, $226 million of foreign currency translation adjustments included in AOCI were allocated to the noncontrolling interest.

				Shareowners of The Coca-Cola Company
Nine Months Ended September 26, 2025	Common Shares Outstanding	Total		Reinvested Earnings		Accumulated Other Comprehensive Income (Loss)		Common Stock		Capital Surplus		Treasury Stock		Non-controlling Interests
December 31, 2024	4,302	$	26,372	$	76,054	$	(16,843)	$	1,760	$	19,801	$	(55,916)	$	1,516
Comprehensive income (loss)1	—	12,590		10,836		1,891		—		—		—		(137)
Dividends paid/payable to   shareowners of The Coca-Cola   Company ($1.53 per share)	—	(6,585)		(6,585)		—		—		—		—		—
Dividends paid to noncontrolling   interests	—	(16)		—		—		—		—		—		(16)
Contributions by noncontrolling interests	—	13		—		—		—		—		—		13
Purchases of treasury stock	(8)	(534)		—		—		—		—		(534)		—
Impact related to stock-based   compensation plans	8	347		—		—		—		252		95		—
Sale of subsidiary shares1	—	1,080		—		—		—		436		—		644
September 26, 2025	4,302	$	33,267	$	80,305	$	(14,952)	$	1,760	$	20,489	$	(56,355)	$	2,020

1 In July 2025, we sold a 40% noncontrolling interest in our bottling operations in India to a local partner for approximately $1.3 billion, which, net of direct costs, resulted in an increase to total equity of $1.1 billion. As a result, 40% of the subsidiary’s equity was allocated to the noncontrolling interest and the remaining amount was recorded in capital surplus. Additionally, $226 million of foreign currency translation adjustments included in AOCI were allocated to the noncontrolling interest.

				Shareowners of The Coca-Cola Company
Three Months Ended September 27, 2024	Common Shares Outstanding	Total		Reinvested Earnings		Accumulated Other Comprehensive Income (Loss)		Common Stock		Capital Surplus		Treasury Stock		Non-controlling Interests
June 28, 2024	4,309	$	27,411	$	75,189	$	(15,458)	$	1,760	$	19,468	$	(55,106)	$	1,558
Comprehensive income (loss)	—	2,853		2,848		(78)		—		—		—		83
Dividends paid/payable to    shareowners of The Coca-Cola    Company ($0.485 per share)	—	(2,091)		(2,091)		—		—		—		—		—
Dividends paid to noncontrolling    interests	—	(5)		—		—		—		—		—		(5)
Purchases of treasury stock	(5)	(358)		—		—		—		—		(358)		—
Impact related to stock-based    compensation plans	6	344		—		—		—		242		102		—
September 27, 2024	4,310	$	28,154	$	75,946	$	(15,536)	$	1,760	$	19,710	$	(55,362)	$	1,636

				Shareowners of The Coca-Cola Company
Nine Months Ended September 27, 2024	Common Shares Outstanding	Total		Reinvested Earnings		Accumulated Other Comprehensive Income (Loss)		Common Stock		Capital Surplus		Treasury Stock		Non-controlling Interests
December 31, 2023	4,308	$	27,480	$	73,782	$	(14,275)	$	1,760	$	19,209	$	(54,535)	$	1,539
Comprehensive income (loss)	—	7,290		8,436		(1,261)		—		—		—		115
Dividends paid/payable to    shareowners of The Coca-Cola    Company ($1.455 per share)	—	(6,272)		(6,272)		—		—		—		—		—
Dividends paid to noncontrolling    interests	—	(14)		—		—		—		—		—		(14)
Divestitures	—	(4)		—		—		—		—		—		(4)
Purchases of treasury stock	(18)	(1,135)		—		—		—		—		(1,135)		—
Impact related to stock-based    compensation plans	20	809		—		—		—		501		308		—
September 27, 2024	4,310	$	28,154	$	75,946	$	(15,536)	$	1,760	$	19,710	$	(55,362)	$	1,636