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THE COCA-COLA COMPANY MASTER TRUST for 401(k) PLANS (Tables) - EBP 002
 12 Months Ended
Dec. 31, 2025
EBP, Master Trust [Line Items]  
Net Assets of the Master Trust
The following table summarizes the net assets of the Master Trust as of December 31, 2025 and 2024:
20252024
Collective trust funds$2,394,790,543 $2,119,269,535 
The Coca-Cola Company common stock1,182,487,454 1,099,960,757 
Master Trust investment funds at fair value:
Interest-bearing cash1,877,602 1,954,339 
Collective trust funds250,006,619 217,527,895 
Common stock108,666,056 111,927,327 
Investments at fair value3,937,828,274 3,550,639,853 
Due from broker for The Coca-Cola Company common stock purchased1,248 — 
Fully benefit-responsive investment contracts at contract value207,361,971 209,659,755 
Master Trust investment funds excluded from fair value:
Other payables(164,183)(165,622)
Master Trust net assets$4,145,027,310 $3,760,133,986 
The net investment income (loss) of the Master Trust for the year ended December 31, 2025 was as follows:
2025
Net appreciation in fair value of investments$553,850,662 
Interest and dividends35,163,763 
Net investment income (loss) of Master Trust$589,014,425 
Investments Measured at Fair Value on a Recurring Basis
The Master Trust assets, measured at fair value on a recurring basis (at least annually) as of December 31, 2025, were as follows: 
Level 1Total
Common stock (A)
$1,182,487,454 $1,182,487,454 
Master Trust investment accounts:
Interest-bearing cash1,877,602 1,877,602 
Common stock108,666,056 108,666,056 
Total assets in the fair value hierarchy1,293,031,112 1,293,031,112 
Collective trust funds measured at net asset value (B)
— 2,394,790,543 
Master Trust investment accounts:
Collective trust funds measured at net asset value (B)
— 250,006,619 
Total Master Trust assets at fair value$1,293,031,112 $3,937,828,274 
(A)    Investments in common stock are in shares of The Coca-Cola Company.
(B)    Collective trust funds invest in a portfolio of equity or debt securities held to replicate the performance of a specific equity or bond market index. The collective trust funds are measured at fair value using the net asset value as a practical expedient and therefore not classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the Master Trust net assets disclosed on page 7. These funds have no unfunded commitments. Participant-directed redemptions have no restrictions; however, the Plan’s ability to redeem its investments is subject to fund-specific notice requirements, which range from 0 days up to approximately 135 days.
 
The Master Trust assets, measured at fair value on a recurring basis (at least annually) as of December 31, 2024, were as follows: 
Level 1Total
Common stock (A)
$1,099,960,757 $1,099,960,757 
Master Trust investment accounts:
Interest-bearing cash1,954,339 1,954,339 
Common stock111,927,327 111,927,327 
Total assets in the fair value hierarchy1,213,842,423 1,213,842,423 
Collective trust funds measured at net asset value (B)
— 2,119,269,535 
Master Trust investment accounts:
Collective trust funds measured at net asset value (B)
— 217,527,895 
Total Master Trust assets at fair value$1,213,842,423 $3,550,639,853 
(A)    Investments in common stock are in shares of The Coca-Cola Company and are valued using the quoted market price multiplied by the number of shares owned as of the measurement date.
(B)    Collective trust funds invest in a portfolio of equity or debt securities held to replicate the performance of a specific equity or bond market index. The collective trust funds are measured at fair value using the net asset value as a practical expedient and therefore not classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the Master Trust net assets disclosed on page 7. These funds have no unfunded commitments. Participant-directed redemptions have no restrictions; however, the Plan’s ability to redeem its investments is subject to fund-specific notice requirements, which range from 0 days up to 135 days.
Transactions Relating to The Coca-Cola Company Common Stock During the year ended December 31, 2025, the Master Trust had the following transactions relating to common stock of The Coca-Cola Company:
SharesFair Value
Purchases705,531 $48,883,608 
Sales1,426,035 $98,760,506 
In-kind distributions494,530 $34,559,058 
Dividends received (A)
462,245$32,421,874 
(A)    Participants invested in common stock of The Coca-Cola Company may elect to receive their entire dividend amount as a cash payment made directly to them rather than have the dividend amount reinvested in their Plan account.