v3.26.3
OPERATING SEGMENTS (Tables)
 9 Months Ended
Oct. 02, 2026
Segment Reporting [Abstract]  
Segment Reporting Information about our Company’s operations by operating segment and Corporate is as follows (in millions):
EMEALatin
America 		North
America		Asia Pacific Bottling
Investments		Operating Segments TotalCorporateEliminationsConsolidated
Three Months Ended October 2, 2026
Net operating revenues:
Third party$2,982 $1,958 $5,384 $1,498 $1,520 $13,342 $38 $— $13,380 
Intersegment122 — 2 65 3 192 — (192)— 
Total net operating revenues3,104 1,958 5,386 1,563 1,523 13,534 38 (192)13,380 
Cost of goods sold768 293 2,565 497 1,038 5,161 (39)(192)4,930 
Selling, general and administrative expenses1,165 513 1,049 503 280 3,510 465 — 3,975 
Other operating charges— — 6 — — 6 4 — 10 
Operating income (loss)$1,171 $1,152 $1,766 $563 $205 $4,857 $(392)$— $4,465 
Interest income224 
Interest expense354 
Equity income (loss) — net653 
Other income (loss) — net(155)
Income before income taxes$4,833 
Other segment information:
Capital expenditures$50 $— $135 $— $90 $275 $104 $— $379 
Depreciation and amortization45 9 91 14 85 244 9 — 253 
Three Months Ended September 26, 2025
Net operating revenues:
Third party$2,818 $1,572 $5,249 $1,438 $1,344 $12,421 $34 $— $12,455 
Intersegment178 1 4 68 2 253 — (253)— 
Total net operating revenues2,996 1,573 5,253 1,506 1,346 12,674 34 (253)12,455 
Cost of goods sold867 281 2,523 471 955 5,097 (47)(253)4,797 
Selling, general and administrative expenses1,032 395 1,049 514 334 3,324 294 — 3,618 
Other operating charges— — — — — — 58 — 58 
Operating income (loss)$1,097 $897 $1,681 $521 $57 $4,253 $(271)$— $3,982 
Interest income185 
Interest expense391 
Equity income (loss) — net644 
Other income (loss) — net(237)
Income before income taxes$4,183 
Other segment information:
Capital expenditures$66 $— $176 $12 $105 $359 $120 $— $479 
Depreciation and amortization40 8 83 12 78 221 47 — 268 
EMEALatin
America 		North
America		Asia Pacific Bottling
Investments		Operating Segments TotalCorporateEliminationsConsolidated
Nine Months Ended October 2, 2026
Net operating revenues:
Third party$8,876 $5,475 $15,680 $4,411 $4,683 $39,125 $107 $— $39,232 
Intersegment480 — 7 241 7 735 — (735)— 
Total net operating revenues9,356 5,475 15,687 4,652 4,690 39,860 107 (735)39,232 
Cost of goods sold2,345 842 7,556 1,484 3,216 15,443 (193)(735)14,515 
Selling, general and administrative expenses3,272 1,266 3,048 1,413 987 9,986 1,181 — 11,167 
Other operating charges— — 16 — — 16 38 — 54 
Operating income (loss)$3,739 $3,367 $5,067 $1,755 $487 $14,415 $(919)$— $13,496 
Interest income644 
Interest expense1,098 
Equity income (loss) — net1,641 
Other income (loss) — net236 
Income before income taxes$14,919 
Other segment information:
Capital expenditures$150 $— $397 $1 $255 $803 $260 $— $1,063 
Depreciation and amortization144 26 282 37 254 743 40 — 783 
Nine Months Ended September 26, 2025
Net operating revenues:
Third party$8,307 $4,636 $14,636 $4,227 $4,214 $36,020 $99 $— $36,119 
Intersegment522 1 7 272 6 808 — (808)— 
Total net operating revenues8,829 4,637 14,643 4,499 4,220 36,828 99 (808)36,119 
Cost of goods sold2,521 818 7,034 1,337 2,983 14,693 (211)(808)13,674 
Selling, general and administrative expenses2,821 1,030 2,966 1,370 1,002 9,189 1,133 — 10,322 
Other operating charges— 31 — — — 31 171 — 202 
Operating income (loss)$3,487 $2,758 $4,643 $1,792 $235 $12,915 $(994)$— $11,921 
Interest income553 
Interest expense1,223 
Equity income (loss) — net1,556 
Other income (loss) — net229 
Income before income taxes$13,036 
Other segment information:
Capital expenditures$156 $1 $445 $17 $329 $948 $282 $— $1,230 
Depreciation and amortization139 23 245 34 230 671 143 — 814