OPERATING SEGMENTS (Tables)

3 Months Ended

Apr. 03, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Information about our Company’s operations by operating segment and Corporate is as follows (in millions):


			EMEA			Latin America			North America			Asia Pacific			Bottling Investments			Operating Segments Total			Corporate			Eliminations			Consolidated
Three Months Ended April 3, 2026
Net operating revenues:
Third party			$	2,807		$	1,678		$	4,891		$	1,426		$	1,638		$	12,440		$	32		$	—		$	12,472
Intersegment			205			—			2			82			2			291			—			(291)			—
Total net operating revenues			3,012			1,678			4,893			1,508			1,640			12,731			32			(291)			12,472
Cost of goods sold			769			274			2,332			517			1,111			5,003			(92)			(291)			4,620
Selling, general and administrative expenses			984			366			951			455			338			3,094			378			—			3,472
Other operating charges			—			—			4			—			—			4			17			—			21
Operating income (loss)			$	1,259		$	1,038		$	1,606		$	536		$	191		$	4,630		$	(271)		$	—		$	4,359
Interest income																											222
Interest expense																											375
Equity income (loss) — net																											384
Other income (loss) — net																											21
Income before income taxes																											$	4,611

Other segment information:
Capital expenditures			$	53		$	—		$	83		$	1		$	74		$	211		$	55		$	—		$	266
Depreciation and amortization			48			8			99			11			83			249			15			—			264
Three Months Ended March 28, 2025
Net operating revenues:
Third party			$	2,481		$	1,477		$	4,359		$	1,325		$	1,461		$	11,103		$	26		$	—		$	11,129
Intersegment			176			—			2			96			2			276			—			(276)			—
Total net operating revenues			2,657			1,477			4,361			1,421			1,463			11,379			26			(276)			11,129
Cost of goods sold			759			274			2,106			390			1,010			4,539			(100)			(276)			4,163
Selling, general and administrative expenses			833			299			914			407			334			2,787			447			—			3,234
Other operating charges			—			—			—			—			—			—			73			—			73
Operating income (loss)			$	1,065		$	904		$	1,341		$	624		$	119		$	4,053		$	(394)		$	—		$	3,659
Interest income																											180
Interest expense																											387
Equity income (loss) — net																											351
Other income (loss) — net																											254
Income before income taxes																											$	4,057

Other segment information:
Capital expenditures			$	41		$	—		$	115		$	1		$	105		$	262		$	47		$	—		$	309
Depreciation and amortization			44			7			81			12			76			220			47			—			267