XML 42 R32.htm IDEA: XBRL DOCUMENT v3.24.2
Subsequent Events
6 Months Ended
Jun. 28, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
As further discussed in Note 2, based on the shares of the Company’s Common Stock the Company repurchased in the Tender Offer, which expired on June 18, 2024, the Company announced on June 21, 2024 its intention to purchase 598,619 shares of its Common Stock from CCCBI in the Share Repurchase at a price of $925 per share. On July 5, 2024, the Company completed the repurchase of 598,619 shares of its Common Stock from CCCBI in the Share Repurchase for an aggregate purchase price of $553.7 million. After the completion of the Share Repurchase, The Coca-Cola Company beneficially owns shares of the Company’s Common Stock representing 21.5% of the Company’s total outstanding shares of Common Stock and Class B Common Stock and approximately 7% of the total voting power of the Company’s outstanding Common Stock and Class B Common Stock on a consolidated basis.