| 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 October 2, 2026 | Common Shares Outstanding | Total | Reinvested Earnings | Accumulated Other Comprehensive Income (Loss) | Common Stock | Capital Surplus | Treasury Stock | Non-controlling Interests | | July 3, 2026 | 4,303 | | $ | 38,315 | | $ | 84,169 | | $ | (13,626) | | $ | 1,760 | | $ | 20,741 | | $ | (56,894) | | $ | 2,165 | | | | | | | | | | | | Comprehensive income (loss) | — | | 3,545 | | 4,009 | | (464) | | — | | — | | — | | — | | Dividends paid/payable to shareowners of The Coca-Cola Company ($0.53 per share) | — | | (2,280) | | (2,280) | | — | | — | | — | | — | | — | | Dividends paid to noncontrolling interests | — | | (4) | | — | | — | | — | | — | | — | | (4) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Purchases of treasury stock | (3) | | (238) | | — | | — | | — | | — | | (238) | | — | | | Impact related to stock-based compensation plans | 2 | | 195 | | — | | — | | — | | 153 | | 42 | | — | | | | | | | | | | | | | | | | | | | | | October 2, 2026 | 4,302 | | $ | 39,533 | | $ | 85,898 | | $ | (14,090) | | $ | 1,760 | | $ | 20,894 | | $ | (57,090) | | $ | 2,161 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Shareowners of The Coca-Cola Company | | | Nine Months Ended October 2, 2026 | Common Shares Outstanding | Total | Reinvested Earnings | Accumulated Other Comprehensive Income (Loss) | Common Stock | Capital Surplus | Treasury Stock | Non-controlling Interests | | December 31, 2025 | 4,302 | | $ | 34,275 | | $ | 80,382 | | $ | (14,131) | | $ | 1,760 | | $ | 20,581 | | $ | (56,423) | | $ | 2,106 | | | | | | | | | | | | Comprehensive income (loss) | — | | 12,466 | | 12,358 | | 41 | | — | | — | | — | | 67 | | Dividends paid/payable to shareowners of The Coca-Cola Company ($1.59 per share) | — | | (6,842) | | (6,842) | | — | | — | | — | | — | | — | | | Dividends paid to noncontrolling interests | — | | (12) | | — | | — | | — | | — | | — | | (12) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Purchases of treasury stock | (10) | | (787) | | — | | — | | — | | — | | (787) | | — | | | Impact related to stock-based compensation plans | 10 | | 433 | | — | | — | | — | | 313 | | 120 | | — | | | | | | | | | | | | | | | | | | | | | October 2, 2026 | 4,302 | | $ | 39,533 | | $ | 85,898 | | $ | (14,090) | | $ | 1,760 | | $ | 20,894 | | $ | (57,090) | | $ | 2,161 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 | |
1In 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 | |
1In 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.
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