Coca-Cola Europacific Partners (CCEP) 20-F 15 Mar 22 2021 FY Annual report (foreign) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2021shares
Document Information [Line Items]
Document type	20-F
Document registration statement	false
Document annual report	true
Document period end date	Dec. 31, 2021
Current fiscal year end date	--12-31
Document transition report	false
Document shell company report	false
Entity file number	1-37791
Entity registrant name	COCA-COLA EUROPACIFIC PARTNERS PLC
Entity incorporation, state or country code	X0
Entity address, address line one	Pemberton House, Bakers Road
Entity address, city or town	Uxbridge
Entity address, postal zip code	UB8 1EZ
Entity address, country	GB
Title of 12(b) security	Ordinary Shares of €0.01 each
Entity common stock, shares outstanding (in shares)	456,235,032
Entity well-known seasoned issuer	Yes
Entity voluntary filers	No
Entity current reporting status	Yes
Entity interactive data current	Yes
Entity filer category	Large Accelerated Filer
Entity emerging growth company	false
ICFR auditor attestation flag	true
Document accounting standard	International Financial Reporting Standards
Entity shell company	false
Entity central index key	0001650107
Amendment flag	false
Document fiscal year focus	2021
Document fiscal period focus	FY
No trading symbol flag	true
Business Contact
Document Information [Line Items]
Entity address, address line one	Pemberton House, Bakers Road
Entity address, city or town	Uxbridge
Entity address, postal zip code	UB8 1EZ
Entity address, country	GB
Contact personnel name	Clare Wardle
City area code	44
Local phone number	(0)1895 231 313
Contact personnel email address	secretariat@ccep.com

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit Information [Abstract]
Auditor name	Ernst & Young LLP
Auditor location	London, United Kingdom
Auditor firm ID	1438

CONSOLIDATED INCOME STATEMENT

CONSOLIDATED INCOME STATEMENT - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Profit or loss [abstract]
Revenue	€ 13,763	€ 10,606	€ 12,017
Cost of sales	(8,677)	(6,871)	(7,424)
Gross profit	5,086	3,735	4,593
Selling and distribution expenses	(2,496)	(1,939)	(2,258)
Administrative expenses	(1,074)	(983)	(787)
Operating profit	1,516	813	1,548
Finance income	43	33	49
Finance costs	(172)	(144)	(145)
Total finance costs, net	(129)	(111)	(96)
Non-operating items	(5)	(7)	2
Profit before taxes	1,382	695	1,454
Taxes	(394)	(197)	(364)
Profit after taxes	988	498	1,090
Profit attributable to shareholders	982	498	1,090
Profit attributable to non-controlling interests	€ 6	€ 0	€ 0
Basic earnings per share (in EUR per share)	€ 2.15	€ 1.09	€ 2.34
Diluted earnings per share (in EUR per share)	€ 2.15	€ 1.09	€ 2.32

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of comprehensive income [abstract]
Profit after taxes	€ 988	€ 498	€ 1,090
Foreign currency translations:
Pretax activity, net	260	(125)	94
Tax effect	0	0	0
Foreign currency translation, net of tax	260	(125)	94
Cash flow hedges:
Pretax activity, net	277	33	11
Tax effect	(63)	4	(2)
Cash flow hedges, net of tax	214	37	9
Other reserves:
Pretax activity, net	7	0	0
Tax effect	(1)	0	0
Other reserves, net of tax	6	0	0
Total items that may be subsequently reclassified to the income statement:	480	(88)	103
Pension plan remeasurements:
Pretax activity, net	301	(71)	(79)
Tax effect	(63)	16	12
Pension plan remeasurements, net of tax	238	(55)	(67)
Total items that will not be subsequently reclassified to the income statement	238	(55)	(67)
Other comprehensive income/(loss) for the period, net of tax	718	(143)	36
Comprehensive income for the period	1,706	355	1,126
Comprehensive income attributable to shareholders	1,684	355	1,126
Comprehensive income, attributable to non-controlling interests	€ 22	€ 0	€ 0

CONSOLIDATED STATEMENT OF FINAN

CONSOLIDATED STATEMENT OF FINANCIAL POSITION - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Non-current:
Intangible assets	€ 12,639	€ 8,414
Goodwill	4,623	2,517
Property, plant and equipment	5,248	3,860
Non-current derivative assets	226	6
Deferred tax assets	60	27
Other non-current assets	534	337
Total non-current assets	23,330	15,161
Current:
Current derivative assets	150	40
Current tax assets	46	19
Inventories	1,157	681
Amounts receivable from related parties	143	150
Trade accounts receivable	2,305	1,439
Other current assets	271	204
Non-current assets or disposal groups classified as held for sale	223	20
Short term investments	58	0
Cash and cash equivalents	1,407	1,523
Total current assets	5,760	4,076
Total assets	29,090	19,237
Non-current:
Borrowings, less current portion	11,790	6,382
Employee benefit liabilities	138	283
Non-current provisions	48	83
Non-current derivative liabilities	47	15
Deferred tax liabilities	3,617	2,134
Non-current tax liabilities	110	131
Other non-current liabilities	37	44
Total non-current liabilities	15,787	9,072
Current:
Current portion of borrowings	1,350	805
Current portion of employee benefit liabilities	10	13
Current provisions	86	154
Current derivative liabilities	19	62
Current tax liabilities	181	171
Amounts payable to related parties	210	181
Trade and other payables	4,237	2,754
Total current liabilities	6,093	4,140
Total liabilities	21,880	13,212
EQUITY
Share capital	5	5
Share premium	220	192
Merger reserves	287	287
Other reserves	(156)	(537)
Retained earnings	6,677	6,078
Equity attributable to shareholders	7,033	6,025
Non-controlling interest	177	0
Total equity	7,210	6,025
Total equity and liabilities	€ 29,090	€ 19,237

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
(Loss) / profit before taxes	€ 1,382	€ 695	€ 1,454
Adjustments to reconcile profit before tax to net cash flows from operating activities:
Depreciation	693	665	587
Amortisation of intangible assets	89	62	52
Share-based payment expense	16	14	15
Finance costs, net	129	111	96
Income taxes paid	(306)	(273)	(270)
Changes in assets and liabilities, net of acquisition amounts:
(Increase)/decrease in trade and other receivables	(242)	208	5
(Increase)/decrease in inventories	(1)	34	(25)
Increase/(decrease) in trade and other payables	507	53	(63)
Increase/(decrease) in net payable receivable from related parties	8	(112)	59
(Decrease)/increase in provisions	(116)	43	(57)
Change in other operating assets and liabilities	(42)	(10)	51
Net cash flows from operating activities	2,117	1,490	1,904
Cash flows from investing activities:
Acquisition of bottling operations, net of cash acquired	(5,401)	0	0
Purchases of property, plant and equipment	(349)	(348)	(506)
Purchases of capitalised software	(97)	(60)	(96)
Proceeds from sales of property, plant and equipment	25	49	11
Net proceeds/(payments) of short term investments	198	0	0
Investments in equity instruments	(4)	(11)	(8)
Proceeds from sale of equity instruments	25	0	0
Other investing activity, net	(2)	0	0
Net cash flows used in investing activities	(5,605)	(370)	(599)
Changes from financing cash flows
Proceeds from borrowings, net	4,877	1,598	987
Changes in short-term borrowings	276	(221)	101
Repayments on third party borrowings	(950)	(569)	(625)
Payments of principal on lease obligations	(139)	(116)	(128)
Interest paid, net	(97)	(91)	(86)
Dividends paid	(638)	(386)	(574)
Purchase of own shares under share buyback programme	0	(129)	(1,005)
Exercise of employee share options	28	14	26
Transactions with non-controlling interests	(73)	0	0
Other financing activities, net	5	0	2
Net cash flows from / (used in) financing activities	3,289	100	(1,302)
Net change in cash and cash equivalents	(199)	1,220	3
Net effect of currency exchange rate changes on cash and cash equivalents	83	(13)	4
Cash and cash equivalents at beginning of period	1,523	316	309
Cash and cash equivalents at end of period	€ 1,407	€ 1,523	€ 316

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - EUR (€) € in Millions	Total	Total	Share capital	Share premium	Merger reserves	Other reserves	Retained earnings	Non-controlling interest
Beginning balance at Dec. 31, 2018	€ 6,564	€ 6,564	€ 5	€ 152	€ 287	€ (552)	€ 6,672
Profit after taxes	1,090	1,090					1,090
Other comprehensive income	36	36				103	(67)
Comprehensive income for the period	1,126	1,126				103	1,023
Issue of shares during the year	26	26		26
Equity-settled share-based payment expense	13	13					13
Share-based payment tax effects	6	6					6
Dividends	(574)	(574)					(574)
Own shares purchased under share buyback programme	(1,005)	(1,005)					(1,005)
Closing balance at Dec. 31, 2019	6,156	6,156	5	178	287	(449)	6,135
Profit after taxes	498	498					498
Other comprehensive income	(143)	(143)				(88)	(55)
Comprehensive income for the period	355	355				(88)	443
Issue of shares during the year	14	14		14
Equity-settled share-based payment expense	14	14					14
Share-based payment tax effects	2	2					2
Dividends	(387)	(387)					(387)
Own shares purchased under share buyback programme	(129)	(129)					(129)
Closing balance at Dec. 31, 2020	6,025	6,025	5	192	287	(537)	6,078
Profit after taxes	988	982						€ 6
Other comprehensive income	718	702				465	237	16
Comprehensive income for the period	1,706	1,684				465	1,219	22
Non-controlling interests recognised relating to business combination	228							228
Transactions with non-controlling interests	(73)							(73)
Cash flow hedge gains transferred to goodwill relating to business combination	(84)	(84)				(84)
Issue of shares during the year	28	28		28
Equity-settled share-based payment expense	16	16					16
Share-based payment tax effects	3	3					3
Dividends	(639)	(639)					(639)
Closing balance at Dec. 31, 2021	€ 7,210	€ 7,033	€ 5	€ 220	€ 287	€ (156)	€ 6,677	€ 177

General information and basis o

General information and basis of preparation	12 Months Ended
	Dec. 31, 2021
Corporate Information And Statement of IFRS Compliance [Abstract]
General information and basis of preparation	General information and basis of preparation On 10 May 2021, Coca-Cola European Partners plc (Legacy CCEP) acquired Coca-Cola Amatil Limited (referred to as CCL pre acquisition, and API post acquisition), and subsequently changed its name to Coca-Cola Europacific Partners plc (the Company, or Parent Company). The Company and its subsidiaries (together CCEP, or the Group) are a leading consumer goods group in Western Europe and the Asia Pacific region, making, selling and distributing an extensive range of primarily non-alcoholic ready to drink beverages. Refer to Note 4 for further details about the acquisition of CCL (the Acquisition). The Company has ordinary shares with a nominal value of €0.01 per share (Shares). CCEP is a public company limited by shares, incorporated under the laws of England and Wales with the registered number in England of 9717350. The Group’s Shares are listed and traded on Euronext Amsterdam, the NASDAQ Global Select Market, London Stock Exchange and on the Spanish Stock Exchanges. The address of the Company’s registered office is Pemberton House, Bakers Road, Uxbridge, UB8 1EZ, United Kingdom. The consolidated financial statements of the Group for the year ended 31 December 2021 were approved and signed by Damian Gammell, Chief Executive Officer on 15 March 2022 having been duly authorised to do so by the Board of Directors. Impact of COVID-19 The COVID-19 pandemic and related response measures have had and may continue to have an adverse effect on global economic conditions, as well as our business, results of operations, cash flows and financial condition. At this time, we cannot predict the degree to which, or the time period over which, our business will continue to be affected by COVID-19 and the related response measures. These impacts limit the comparability of these consolidated financial statements with prior periods. In addition, as part of the preparation of these consolidated financial statements, we have considered the impact of COVID-19 on our accounting policies and judgements and estimates. The key accounting impacts and considerations for the Group are included in the relevant notes herein. Impact of climate change As part of the preparation of these consolidated financial statements, we have considered the relevant disclosures in the Strategic Report with respect to the recommendations of the Taskforce on Climate-related Financial Disclosures. Our considerations focused on the valuation of long-term assets. Based on currently known information, there were no issues identified that could have a material impact on the carrying values of assets and liabilities in these consolidated financial statements. Basis of preparation These consolidated financial statements of the Group reflect the following: • They have been prepared in accordance with U.K. adopted International Accounting Standards, International Financial Reporting Standards (IFRS) as adopted by the European Union and International Financial Reporting Standards as issued by the International Accounting Standards Board (IASB). • They have been prepared under the historical cost convention, except for certain items measured at fair value. Those accounting policies have been applied consistently in all periods, except for the adoption of new standards and amendments as of 1 January 2021, as described below under accounting policies. • They are presented in euros, which is also the Parent Company’s functional currency and all values are rounded to the nearest € million except where otherwise indicated. • They have been prepared on a going concern basis (refer to page 110). Basis of consolidation The consolidated financial statements comprise the financial statements of the Group and its subsidiaries. All subsidiaries have accounting years ended 31 December and apply consistent accounting policies for the purpose of the consolidated financial statements. Subsidiary undertakings are consolidated from the date on which control is transferred to the Group and cease to be consolidated from the date on which control is transferred out of the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through the Group’s power to direct the activities of the entity. All intercompany accounts and transactions are eliminated on consolidation. Associates are all entities over which the Group has significant influence but not control, generally accompanying a shareholding of between 20% to 50% of voting rights. Investments in associates are accounted for using the equity method of accounting, after initially being recognised at cost. The Group treats transactions with non-controlling interests that do not result in a loss of control as equity transactions. When the Group loses control over a subsidiary, it derecognizes the related assets (including goodwill), liabilities, The financial results presented herein for the years ended 31 December 2019 and 2020 and for the period from 1 January 2021 through to the Acquisition refer to Legacy CCEP and its consolidated subsidiaries, and the period from the Acquisition to 31 December 2021 refer to the combined financial results of CCEP. Foreign currency The individual financial statements of each subsidiary are presented in the currency of the primary economic environment in which the subsidiary operates (its functional currency). For the purpose of the consolidated financial statements, the results and financial position of each subsidiary are expressed in euros. Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are remeasured to the functional currency of the entity at the rate of exchange in effect at the statement of financial position date with the resulting gain or loss recorded in the consolidated income statement. The consolidated income statement includes The assets and liabilities of the Group's foreign operations are translated from local currencies to the euro reporting currency at currency exchange rates in effect at the end of each reporting period. Revenues and expenses are translated at average monthly currency exchange rates, with average rates being a reasonable approximation of the rates prevailing on the transaction dates. Gains and losses from translation are included in other comprehensive income. On disposal of a foreign operation, accumulated exchange differences are recognised as a component of the gain or loss on disposal. The principal exchange rates used for translation purposes in respect of one Euro were: Average for the year ended (A) Closing as at 31 December 2021 31 December 2020 31 December 2019 31 December 2021 31 December 2020 UK Sterling 1.16 1.13 1.14 1.19 1.11 US Dollar 0.85 0.88 0.89 0.88 0.81 Norwegian Krone 0.10 0.09 0.10 0.10 0.10 Swedish Krone 0.10 0.10 0.09 0.10 0.10 Icelandic Krone 0.01 0.01 0.01 0.01 0.01 Australian Dollar 0.63 n/a n/a 0.64 n/a Indonesian Rupiah (B) 0.06 n/a n/a 0.06 n/a New Zealand Dollar 0.60 n/a n/a 0.60 n/a Papua New Guinean Kina 0.24 n/a n/a 0.25 n/a (A) For current year period European rates and US dollar are calculated as average for the period 1 January 2021 to 31 December 2021. Asia Pacific rates are calculated as average for the period from 10 May 2021 to 31 December 2021. (B) Indonesian Rupiah is shown as 1000 IDR versus 1 EUR. Reporting periods In these consolidated financial statements, the Group is reporting the financial results for the years ended 31 December 2021, 31 December 2020 and 31 December 2019. Typically, sales of the Group’s products are seasonal. In Europe, the second and third quarters typically account for higher unit sales of the Group’s products than the first and fourth quarters. In our API territories, the fourth quarter typically reflects the highest unit sales volumes each year. The seasonality of the Group’s sales volume, combined with the accounting for fixed costs such as depreciation, amortisation, rent and interest expense, impacts the Group’s reported results for the first and second halves of the year. Additionally, year over year shifts in holidays, selling days and weather patterns can impact the Group’s results on an annual or half yearly basis. The following table summarises the number of selling days for the years ended 31 December 2021, 31 December 2020 and 31 December 2019 (based on a standard five day selling week): First Half Second Half Full Year 2021 131 130 261 2020 128 134 262 2019 129 132 261

Accounting policies

Accounting policies	12 Months Ended
	Dec. 31, 2021
Disclosure of changes in accounting policies, accounting estimates and errors [Abstract]
Accounting policies	Accounting policies IFRS 15 “Revenue recognition and deductions from revenue” The Group derives its revenues by making, selling and distributing ready to drink beverages. The revenue from the sale of products is recognised at the point in time at which control passes to a customer, typically when products are delivered to a customer. A receivable is recognised by the Group at the point in time at which the right to consideration becomes unconditional. The Group uses various promotional programmes under which rebates, refunds, price concessions or similar items can be earned by customers for attaining agreed upon sales levels or for participating in specific marketing programmes. Those promotional programmes do not give rise to a separate performance obligation. Where the consideration the Group is entitled to varies because of such programmes, it is deemed to be variable consideration. The related accruals are recognised as a deduction from revenue and are not considered distinct from the sale of products to the customer. Variable consideration is only included to the extent that it is highly probable that the inclusion will not result in a significant revenue reversal in the future normal commercial terms. Financing elements are not deemed present in our contracts with customers as the sales are made with credit terms not exceeding normal commercial terms. Taxes on sugared soft drinks, excise taxes and taxes on packaging are recorded on a gross basis (i.e. included in revenue) where the Group is the principal in the arrangement. Value added taxes are recorded on a net basis (i.e. excluded from revenue). The Group assesses these taxes and duties on a jurisdiction by jurisdiction basis to conclude on the appropriate accounting treatment. The rest of the accounting policies applied by the Group are included in the relevant notes herein. New and amended standards and interpretation The Group has applied the following amendments for the first time in the year ended 31 December 2021. Interest Rate Benchmark Reform – Phase 2 – amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 The amendments provide temporary reliefs which address the financial reporting effects when an interbank offered rate (IBOR) is replaced with an alternative nearly risk-free interest rate (RFR). The amendments include the following practical expedients: • A practical expedient to require contractual changes, or changes to cash flows that are directly required by the reform, to be treated as changes to a floating interest rate, equivalent to a movement in a market rate of interest; • Permit changes required by IBOR reform to be made to hedge designations and hedge documentation without the hedging relationship being discontinued; and • Provide temporary relief to entities from having to meet the separately identifiable requirement when an RFR instrument is designated as a hedge of a risk component. These amendments had no impact on the consolidated financial statements of the Group. The Group intends to use the practical expedients in future periods if they become applicable. The Group has not early adopted any other standards, interpretations or amendments that have been issued but are not yet effective. These standards, interpretations or amendments are not expected to have a material impact to the Group in the current or future periods and on foreseeable future transactions.

Significant judgements and esti

Significant judgements and estimates	12 Months Ended
	Dec. 31, 2021
Significant Judgements and Estimates [Abstract]
Significant judgements and estimates	Significant judgements and estimates In preparing these consolidated financial statements, management has made judgements and estimates that affect the application of the Group’s accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively. The significant judgements made in applying the Group’s accounting policies were applied consistently across the annual periods. The significant judgements and key sources of estimation uncertainty that have a significant effect on the amounts recognised in these financial statements are outlined below. Significant judgements Intangible assets and goodwill The Group has assigned indefinite lives to its bottling agreements with TCCC. This judgement has been made after evaluating the contractual provisions of the bottling agreements, the Group’s mutually beneficial relationship with TCCC and the history of renewals for bottling agreements. Refer to Note 7 for further details on the judgement regarding the lives of bottling agreements. Significant estimates Acquisition of Coca-Cola Amatil Limited – fair value measurements A determination of the fair value of the assets acquired and liabilities assumed in the Acquisition, and the useful lives of intangible assets and property, plant and equipment acquired is required. This exercise is a substantial undertaking which requires the use of various valuation techniques. Future events could cause underlying assumptions to change which could have a significant impact on the Group’s financial results. Refer to Note 4 for further details regarding the Acquisition, including estimations used in determining the provisional fair values for the acquired assets and liabilities assumed. Impairment of indefinite lived intangible assets and goodwill Determining whether goodwill and intangible assets with indefinite lives are impaired requires an estimation of the value in use or the fair value less costs to sell of the cash generating unit (CGU) to which the goodwill or intangible asset has been allocated. The value in use calculation requires management’s estimation of the future cash flows expected to arise from the CGU, including the impact of COVID-19. Refer to Note 7 for the sensitivity analysis of the assumptions used in the impairment analysis of goodwill and intangible assets with indefinite lives. Deductions from revenue and sales incentives The Group participates in various promotional programmes with customers designed to increase the sale of products. Among the programmes are arrangements under which rebates, refunds, price concessions or similar items can be earned by customers for attaining agreed upon sales levels, or for participating in specific marketing programmes. Those promotional programmes do not give rise to a separate performance obligation. Where the consideration the Group is entitled to varies because of such programmes, the amount payable is deemed to be variable consideration. Management makes estimates on an ongoing basis for each individual promotion to assess the value of the variable consideration based upon historical customer experience, expected customer performance and/or estimated sales volumes. The related accruals are recognised as a deduction from revenue and are not considered distinct from the sale of products to the customer. Refer to Note 15 for further details. Income tax The Group is subject to income taxes in numerous jurisdictions and there are many transactions for which the ultimate tax determination cannot be assessed with certainty in the ordinary course of business. The Group recognises a provision for situations that might arise in the foreseeable future based on an assessment of the probabilities as to whether additional taxes will be due. In addition, the Group is involved in various legal proceedings and tax matters. Where an outflow of funds is believed to be probable and a reliable estimate of the outcome of the dispute can be made, management provides for its best estimate of the liability. Where the final outcome on these matters is different from the amounts that were initially recorded, such differences impact the tax provision in the period in which such determination is made. These estimates are subject to potential change over time as new facts emerge and each circumstance progresses. The evaluation of deferred tax asset recoverability requires estimates to be made regarding the availability of future taxable income in the jurisdiction giving rise to the deferred tax asset. Refer to Note 21 for further details regarding income taxes. Defined benefit plans The determination of pension benefit costs and obligations are estimated based on assumptions determined with the assistance of external actuarial advice. The key assumptions impacting the valuations are the discount rate, salary rate of inflation and mortality rates. Refer to Note 16 for further details about the Group’s defined benefit pension plan costs and obligations.

Business combinations

Business combinations	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about business combination [abstract]
Business combinations	Business combinations CCL was one of the largest bottlers and distributors of ready to drink non-alcoholic and alcoholic beverages and coffee in the Asia Pacific region and was the authorised bottler and distributor of The Coca-Cola Company’s (TCCC) beverage brands in Australia, New Zealand and Pacific Islands, Indonesia and Papua New Guinea. In November 2020, CCEP and CCL entered into a binding Scheme Implementation Deed (the Scheme) for the acquisition of 69.2% of the entire existing issued share capital of CCL, which was held by shareholders other than TCCC. CCEP also entered into a Co-operation and Sale Deed with TCCC with respect to the acquisition of TCCC's 30.8% interest in CCL (the Co-operation agreement), conditional upon the implementation of the Scheme. During the first half of 2021, the required shareholder, regulatory and court approvals were obtained and on 10 May 2021 the Company acquired 100% of the issued and outstanding shares of CCL. Shareholders other than TCCC received A$13.32 per share in cash, totalling cash consideration paid of A$6,673 million. TCCC received A$9.39 and A$10.57 per share for 10.8% and 20%, respectively, of the remaining CCL shares held by TCCC. Cash consideration paid to TCCC was A$893 million and USD1,046 million. The fair value of the consideration transferred at the acquisition date was €5,752 million. The business combination is being accounted for under IFRS 3, “Business Combinations”, using the acquisition method of accounting, with CCEP considered as the accounting acquirer. The operations of the acquired businesses are extensive and complex and the Group is in the process of finalising the fair values for certain acquired assets and assumed liabilities which include intangible assets, property, plant and equipment, current and deferred tax assets and liabilities based on facts that existed as at the date of the Acquisition. Accordingly, the Group has recognised provisional amounts for these items. During the measurement period, which will not extend beyond 9 May 2022, the Group will adjust the provisional amounts recognised at the acquisition date to reflect new information obtained about facts and circumstances that existed as at the acquisition date that, if known, would have affected the measurement of the amounts recognised as at that date. The following table details the Euro equivalent consideration and provisional fair values of assets and liabilities as acquired: € million Intangible assets 4,285 Property, plant and equipment 1,568 Non-current derivative assets 69 Deferred tax assets 9 Other non-current assets 61 Current derivative assets 24 Current tax assets 19 Inventories 455 Amounts receivable from related parties 45 Trade accounts receivable 603 Other current assets 54 Short term investments (A) 256 Cash and cash equivalents (A) 267 Borrowings, less current portion (1,251) Employee benefit liabilities (37) Non-current provisions (3) Non-current derivative liabilities (72) Deferred tax liabilities (1,185) Non-current tax liabilities (6) Current portion of borrowings (381) Current portion of employee benefit liabilities (1) Current provisions (9) Current derivative liabilities (35) Current tax liabilities (18) Amounts payable to related parties (77) Trade and other payables (841) Net identifiable assets acquired 3,799 Non-controlling interest (228) Cash flow hedge gains transferred to goodwill relating to business combination 84 Goodwill 2,097 Fair value of consideration 5,752 (A) To align accounting policies, short term time deposits and treasury bills with maturities of greater than three months and less than one year have been reclassified and presented as short term investments. Intangible assets include both indefinite life and definite life intangible assets. Indefinite life intangible assets mainly include bottling agreements with TCCC, which provide the Group with the exclusive rights to prepare, package, distribute and sell TCCC branded products in the territories in which it operates. Definite life intangible assets include distribution agreements with other brand partners, customer relationships and capitalised software. Bottling agreements with TCCC, distribution agreements with other brand partners and customer relationships have been valued using a multi-period excess earnings model, whereby the value of a specific intangible asset is estimated from the excess earnings after fair returns on all other assets employed have been deducted from the business’s after-tax operating earnings. Brand assets have been valued based on a payment relief method, estimating the value of future foregone payments to a brand owner over the life of the asset by virtue of owning the asset. Capitalised software has been valued using a replacement cost approach, representing the current cost to replace the existing asset in its current state. Whilst the bottling agreements with TCCC contain no automatic right of renewal, the Group believes that the interdependent relationship with TCCC and the substantial cost and disruption to TCCC that would be caused by non-renewals ensures that these agreements will continue to be renewed and, therefore, are essentially perpetual. After evaluating the contractual provisions of the bottling agreements, the mutually beneficial relationship with TCCC and history of renewals, the Group has assigned indefinite lives to all such intangible assets. Refer to Note 7 for further details about the Group’s intangible assets and goodwill. Goodwill of €2,097 million has been recognised in connection with the Acquisition, representing the excess of consideration transferred over the provisional fair values of the net identifiable assets acquired and non-controlling interests, less the cash flow hedge gains of €84 million. The cash flow hedge gains relate to the deal contingent foreign currency forwards which were reclassified from the cash flow hedge reserves and included in goodwill upon settlement. The goodwill is attributable to new growth opportunities, workforce and synergies of the combined business operations, and it is not expected to be deductible for tax purposes. Property, plant and equipment has been valued using a variety of valuation techniques depending on the local market and the highest and best use of each asset. These techniques include capitalisation of comparable net market income, depreciated replacement cost and sales comparison approach. Included within Property, plant and equipment are right of use assets which have been valued at €307 million. A corresponding lease liability of €302 million is included within Borrowings. Inventory has been valued based on estimated sales value less cost of disposal. The Group recorded a fair value adjustment to increase the carrying value of finished goods on hand at the time of the Acquisition by €48 million. This adjustment is included within cost of sales in the consolidated income statement for the year ended 31 December 2021 as the inventory was sold during the year. The fair value of acquired trade accounts receivable is €603 million. The gross contractual amount related to these receivables is €618 million, of which €15 million is expected to be uncollectible. At the acquisition date, the Group has elected to measure components of non-controlling interests in CCL at fair value. The fair value of non-controlling interests represents the fair value of TCCC’s 29.4% ownership interest in PT Coca-Cola Bottling Indonesia, plus non-controlling interests with respect to Paradise Beverages (Fiji) Group and Samoa Breweries Limited. Fair value has been derived primarily using applicable enterprise value based on discounted future cash flow projections. API contributed revenue of €2.2 billion and profit before tax of €207 million to the Group from acquisition date through to 31 December 2021. If the Acquisition had taken place at the beginning of the year, pro forma revenue and profit before tax for CCEP for the year ended 31 December 2021 would have been €14.8 billion and €1.4 billion, respectively. Acquisition and integration related costs of €49 million and €4 million are included in administrative expenses and finance costs, respectively, in the consolidated income statement for the year ended 31 December 2021. Cash payments for acquisition-related costs are included in cash flows from operating activities in the consolidated statement of cash flows.

Segment information

Segment information	12 Months Ended
	Dec. 31, 2021
Disclosure of operating segments [abstract]
Segment information	Segment information Description of segment and principal activities Following the Acquisition, the Group performed a review of its segment reporting under IFRS 8, “Operating Segments”. The Group continues to derive its revenues through a single business activity, which is making, moving and selling ready to drink beverages, primarily non-alcoholic beverages. The Acquisition has broadened the Group’s geographic footprint which now includes Australia, New Zealand and Pacific Islands, Indonesia and Papua New Guinea. These territories collectively make up the Australia, Pacific and Indonesia (API) segment. Based on the governance structure of the Group, including decision making authority and oversight, the Group’s Board continues to be its Chief Operating Decision Maker (CODM), and the Group now has two operating segments, Europe, representing the pre-acquisition territories of CCEP, and API. The Board, as the CODM, allocates resources and evaluates performance of its operating segments based on volume, revenue and comparable operating profit. Comparable operating profit excludes items impacting the comparability of period over period financial performance. The following table provides a reconciliation between reportable segment operating profit and consolidated profit before tax: Year Ended 31 December 2021 Year Ended 31 December 2020 Europe API Total Europe API Total € million € million € million € million € million € million Revenue (A) 11,584 2,179 13,763 10,606 — 10,606 Comparable operating profit (A)(B) 1,500 272 1,772 1,194 — 1,194 Items impacting comparability (C) (256) (381) Reported operating profit 1,516 813 Total finance costs, net (129) (111) Non-operating items (5) (7) Reported profit before tax 1,382 695 (A) If the acquisition had taken place at the beginning of the year, pro forma revenue and pro forma comparable operating profit for API for the year ended 31 December 2021 would have been €3,235 million and €386 million, respectively. (B) Comparable operating profit includes comparable depreciation and amortisation of €564 million and €162 million for Europe and API respectively, for the year ended 31 December 2021. Comparable depreciation and amortisation charges for the year ended 31 December 2020 totalled €606 million. (C) Items affecting the comparability of period-over-period financial performance for 2021 include restructuring charges of €153 million (refer to Note 18), acquisition and integration related costs of €49 million (refer to Note 4), and the inventory fair value step up related to acquisition accounting of €48 million (refer to Note 4). Items affecting the comparability for 2020 include restructuring charges of €368 million (refer to Note 18). No single customer accounted for more than 10% of the Group’s revenue during the years ended 31 December 2021, 31 December 2020 and 31 December 2019. Revenue by geography The following table summarises revenue from external customers by geography, which is based on the origin of the sale: Year ended 31 December 2021 31 December 2020 31 December 2019 Revenue: € million € million € million Iberia (A) 2,495 2,173 2,784 Germany 2,335 2,270 2,432 Great Britain 2,613 2,203 2,412 France (B) 1,813 1,709 1,897 Belgium/Luxembourg 926 892 1,002 Netherlands 557 529 602 Norway 391 423 437 Sweden 375 337 366 Iceland 79 70 85 Total Europe 11,584 10,606 12,017 Australia 1,359 — — New Zealand and Pacific Islands 377 — — Indonesia and Papua New Guinea 443 — — Total API 2,179 — — Total CCEP 13,763 10,606 12,017 (A) Iberia refers to Spain, Portugal and Andorra. (B) France refers to continental France and Monaco. Assets by geography Assets are allocated based on operations and physical location. The following table summarises non-current assets, other than financial instruments and deferred tax assets, by geography: 31 December 2021 31 December 2020 Assets: € million € million Iberia (A) 6,644 6,696 Germany 3,077 3,138 Great Britain 2,680 2,432 France (B) 887 920 Belgium/Luxembourg 600 621 Netherlands 432 441 Sweden 379 396 Norway 247 233 Iceland 34 31 Other unallocated 245 220 Total Europe 15,225 15,128 Australia 5,356 — New Zealand and Pacific Islands 1,751 — Indonesia and Papua New Guinea 712 — Total API 7,819 — Total CCEP 23,044 15,128 (A) Iberia refers to Spain, Portugal and Andorra. (B) France refers to continental France and Monaco.

Earnings per share

Earnings per share	12 Months Ended
	Dec. 31, 2021
Earnings per share [abstract]
Earnings per share	Earnings per share Basic earnings per share is calculated by dividing profit after taxes by the weighted average number of Shares in issue and outstanding during the period. Diluted earnings per share is calculated in a similar manner, but includes the effect of dilutive securities, principally share options, restricted stock units and performance share units. Share‑based payment awards that are contingently issuable upon the achievement of specified market and/or performance conditions are included in the diluted earnings per share calculation based on the number of Shares that would be issuable if the end of the period was the end of the contingency period. The following table summarises basic and diluted earnings per share calculations for the years presented: Year ended 31 December 2021 31 December 2020 31 December 2019 Profit after taxes attributable to equity shareholders (€ million) 982 498 1,090 Basic weighted average number of Shares in issue (A) (million) 456 455 466 Effect of dilutive potential Shares (B) (million) 1 1 3 Diluted weighted average number of Shares in issue (A) (million) 457 456 469 Basic earnings per share (€) 2.15 1.09 2.34 Diluted earnings per share (€) 2.15 1.09 2.32 (A) As at 31 December 2021, 31 December 2020 and 31 December 2019 the Group had 456,235,032, 454,645,510 and 456,399,877 Shares, respectively, in issue and outstanding. (B) For the year ended 31 December 2021, 31 December 2020 and 31 December 2019 no options to purchase Shares were excluded from the diluted earnings per share calculation. The dilutive impact of all outstanding options, unvested restricted stock units and unvested performance share units was included in the effect of dilutive securities.

Intangible assets and goodwill

Intangible assets and goodwill	12 Months Ended
	Dec. 31, 2021
Intangible assets and goodwill [abstract]
Intangible assets and goodwill	Intangible assets and goodwill Intangible assets with indefinite lives Intangible assets with indefinite lives acquired through business combination transactions are measured at fair value at the date of acquisition. These assets are not subject to amortisation but are tested for impairment annually at the CGU level or more frequently if facts and circumstances indicate an impairment may exist. In addition to the annual impairment test, the assessment of indefinite lives is also reviewed annually. TCCC franchise intangible assets The Group’s bottling agreements contain performance requirements and convey the rights to distribute and sell products within specified territories. The Group’s agreements with TCCC in each territory are for terms of 10 years and each contain the right for the Group to request a 10 years renewal. The existing bottling agreements expire no earlier than 1 September 2025. While these agreements contain no automatic right of renewal beyond that date, the Group believes that its interdependent relationship with TCCC and the substantial cost and disruption to TCCC that would be caused by non-renewal ensure that these agreements will continue to be renewed and, therefore, are essentially perpetual. The Group has never had a bottling agreement with TCCC terminated due to non-performance of the terms of the agreement or due to a decision by TCCC to terminate an agreement at the expiration of a term. After evaluating the contractual provisions of bottling agreements, the Group’s mutually beneficial relationship with TCCC and history of renewals, indefinite lives have been assigned to all of the Group’s TCCC bottling agreements. Brands In connection with the Acquisition, the Group acquired a portfolio of brands, predominantly comprised of certain non-alcoholic ready to drink beverages distributed and sold in Australia and New Zealand. These are considered to have an indefinite life, given the strength and durability of the brands . Goodwill Goodwill is initially measured as the excess of the total consideration transferred over the amount recognised for net identifiable assets acquired and liabilities assumed in a business combination. If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, the gain is recognised in the consolidated income statement as a bargain purchase. Goodwill is not subject to amortisation. It is tested annually for impairment at the CGU level or more frequently if events or changes in circumstances indicate that it might be impaired. Goodwill acquired in a business combination is allocated to the CGU that is expected to benefit from the synergies of the combination irrespective of whether a CGU is part of the business combination. Intangible assets with finite lives Intangible assets with finite lives are measured at cost of acquisition or production and are amortised using the straight-line method over their respective estimated useful lives. Finite lived intangible assets are assessed for impairment whenever there is an indication that they may be impaired. The amortisation period and method are reviewed annually. Internally generated software The Group capitalises certain development costs associated with internally developed software, including external direct costs of materials and services and payroll costs for employees devoting time to a software project and any such software acquired as part of a business combination. Development expenditure is recognised as an intangible asset only after its technical feasibility and commercial viability can be demonstrated. When capitalised software is not integral to related hardware it is treated as an intangible asset; otherwise it is included within property, plant and equipment. The estimated useful life of capitalised software is between five Customer relationships The Group has acquired certain customer relationships in connection with business combinations. These customer relationships are recorded at fair value on the date of acquisition, and amortised over an estimated economic useful life of 20 years. Amortisation expense for these assets is included within administrative expenses and was €9 million, €8 million and €8 million for the years ended 31 December 2021, 31 December 2020 and 31 December 2019, respectively. Non-TCCC franchise intangible In connection with the Acquisition, the Group acquired certain bottling agreements with Non-TCCC distribution partners which contain performance requirements and convey the rights to distribute and sell products within specified API territories. The provisional fair value of these Non-TCCC franchise intangible assets is estimated to be €149 million, which is being amortised over an expected economic useful life of 20 years. Amortisation expense for these assets is recognised within administrative expenses and totalled €5 million for the year ending 31 December 2021. Balances and movements in intangible assets and goodwill The following table summarises the movements in the carrying amounts of intangible assets and goodwill for the periods presented: TCCC franchise intangible Brands Software Customer relationships Non-TCCC franchise intangible Assets under construction Total intangibles Goodwill € million € million € million € million € million € million € million € million Cost: As at 31 December 2019 8,165 — 333 161 — 104 8,763 2,520 Additions — — 34 — — 26 60 — Disposals — — (34) — — — (34) — Transfers and reclassifications — — 61 — — (61) — — Currency translation adjustments (87) — (12) — — — (99) (3) As at 31 December 2020 8,078 — 382 161 — 69 8,690 2,517 Acquisition of CCL 3,822 211 55 37 149 11 4,285 2,097 Additions — — 65 — — 40 105 — Disposals — — (23) — — — (23) — Transfers and reclassifications — — 74 — — (74) — — Assets held for sale — (189) — — — — (189) — Currency translation adjustments 108 — 18 (1) — 1 126 9 As at 31 December 2021 12,008 22 571 197 149 47 12,994 4,623 Accumulated amortisation: As at 31 December 2019 — — (222) (35) — — (257) — Amortisation expense — — (54) (8) — — (62) — Disposals — — 34 — — — 34 — Currency translation adjustments — — 9 — — — 9 — As at 31 December 2020 — — (233) (43) — — (276) — Amortisation expense — — (75) (9) (5) — (89) — Disposals — — 20 — — — 20 — Currency translation adjustments — — (9) (1) — (10) — As at 31 December 2021 — — (297) (53) (5) — (355) — Net book value: As at 31 December 2019 8,165 — 111 126 — 104 8,506 2,520 As at 31 December 2020 8,078 — 149 118 — 69 8,414 2,517 As at 31 December 2021 12,008 22 274 144 144 47 12,639 4,623 Refer to Note 24 for further details regarding the reclassification of certain brands to assets held for sale as at 31 December 2021. Impairment of indefinite lived intangible assets and goodwill Each CGU is tested for impairment annually in the fourth quarter or whenever there is an indication of impairment. The recoverable amount of each CGU is normally determined through a value in use calculation. To determine value in use for a CGU, estimated future cash flows are discounted to their present values using a pre-tax discount rate reflective of the current market conditions and risks specific to each CGU. If the carrying value of a CGU exceeds its recoverable amount, the carrying value of the CGU is reduced to its recoverable amount and impairment charges are recognised immediately within the consolidated income statement. Impairment charges other than those related to goodwill may be reversed in future periods if a subsequent test indicates that the recoverable amount has increased. Such recoveries may not exceed a CGU’s original carrying value less any depreciation that would have been recognised if no impairment charges were previously recorded. The Group’s CGUs are based on geography and generally represent the individual territories in which the Group operates. For the purposes of allocating intangibles, each indefinite-lived intangible asset is allocated to the geographic region to which the agreement relates and goodwill is allocated to each of the CGUs expected to benefit from a business combination, irrespective of whether other assets and liabilities of the acquired businesses are assigned to the CGUs. The Group has recognised provisional fair values for the indefinite-lived intangible assets and goodwill related to the recently acquired territories representing the Group’s API CGUs. Should operating results or macroeconmic assumptions deteriorate versus those utilised in calculating the provisional fair values of these assets as of the acquisition date, an impairment of the acquired assets could result in the future. The following table identifies the carrying value of goodwill and indefinite-lived intangible assets attributable to each significant CGU of the Group. In addition to the significant CGUs of the Group, as at 31 December 2021 the Group had other CGUs with total indefinite-lived intangible assets of €2,243 million and goodwill of €941 million. 31 December 2021 31 December 2020 Indefinite lived intangible assets Goodwill TCCC Franchise Goodwill Cash generating unit € million € million € million € million Iberia 4,289 1,275 4,289 1,275 Australia 2,698 1,459 — — Great Britain 1,740 200 1,624 200 Germany 1,060 748 1,060 748 The recoverable amounts of each of the Group’s API CGUs were determined based on fair value less costs of disposal due to the relative proximity to the acquisition date. The recoverable amounts of each of the Group’s Europe CGUs were determined through a value in use calculation, which uses cash flow projections for a five year period. The key assumptions used in projecting these cash flows were as follows: • Growth rate and operating margins: Cash flows were projected over four years based on the Group’s strategic business plan. Cash flows for the fifth year and beyond were projected using a long-term terminal growth rate of 2%. • Discount rate: A weighted average cost of capital was applied specific to each CGU as a hurdle rate to discount cash flows. The discount rates represent the current market assessment of the risks specific to each CGU, taking into consideration the time value of money and individual risks of the underlying assets that have not been incorporated in the cash flow estimates. The following table summarises the pre-tax discount rate attributable to each significant CGU. 2021 2020 Pre-tax Pre-tax Cash generating unit % % Iberia 9 9 Great Britain 10 9 Germany 9 9 The Group did not record any impairment charges as a result of the tests conducted in 2021 and 2020. The Group’s Great Britain and Germany CGUs continue to have substantial headroom when comparing the value in use calculation of the CGU versus the CGU’s carrying value. For the Group’s Iberia CGU, the headroom in the 2021 impairment analysis was approximately 32% (2020: 25%) of carrying value. The Group estimates that a 2.0% reduction in the terminal growth rate or a 1.6% increase in the discount rate, each in isolation, would eliminate existing headroom in Iberia.

Property, plant and equipment

Property, plant and equipment	12 Months Ended
	Dec. 31, 2021
Property, plant and equipment [abstract]
Property, plant and equipment	Property, plant and equipment Property, plant and equipment is recorded at cost, net of accumulated depreciation and accumulated impairment losses, where cost is the amount of cash or cash equivalents paid to acquire an asset at the time of its acquisition or construction. Major property additions, replacements and improvements are capitalised, while maintenance and repairs that do not extend the useful life of an asset or add new functionality are expensed as incurred. Land is not depreciated, as it is considered to have an indefinite life. For all property, plant and equipment, other than land, depreciation is recorded using the straight-line method over the respective estimated useful lives as follows: Useful life (years) Category Low High Buildings and improvements 10 40 Machinery, equipment and containers 3 20 Cold drink equipment 4 12 Vehicle fleet 3 12 Furniture and office equipment 4 10 Gains or losses arising on the disposal or retirement of an asset are determined as the difference between the carrying amount of the asset and any proceeds from its sale. Leasehold improvements are amortised using the straight-line method over the shorter of the remaining lease term or the estimated useful life of the improvement. The Group assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any indication exists, an impairment test is performed to estimate the potential loss of value that may reduce the recoverable amount of the asset to below its carrying amount. Any impairment loss is recognised within the consolidated income statement by the amount which the carrying amount exceeds the recoverable amount. Useful lives and residual amounts are reviewed annually and adjustments are made prospectively as required. For property, plant and equipment, the Group assesses annually whether there is an indication that previously recognised impairment losses no longer exist or have decreased. If such indication exists, a previously recognised impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since the last impairment loss was recognised and only up to the recoverable amount or the original carrying amount net of depreciation that would have been incurred had no impairment losses been recognised. The Group leases land, office and warehouse property, computer hardware, machinery and equipment and vehicles under non-cancellable lease agreements, most of which expire at various dates through to 2030. Since the adoption of IFRS 16, “Leases”, effective 1 January 2019, the Group includes right of use assets within property, plant and equipment. Right of use assets are initially measured at cost, comprising the initial measurement of the lease liability, plus any direct costs and an estimate of asset retirement obligations, less lease incentives. Subsequently, right of use assets are measured at cost, less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated on a straight-line basis over the term of the lease. The Group does not separate lease from non-lease components for each of its lease categories, except for property leases. All low value leases with total minimum lease payments under €5,000 and leases with a term less than 12 months are expensed on a straight-line basis. Extension and termination options are included in a number of property and equipment leases across the Group and are used to maximise operational flexibility in terms of managing contracts. Extension options (or periods after termination options) are only included in the lease term if the Group has an enforceable right to extend or terminate the lease and is reasonably certain to do so. The following table summarises the movement in net book value for property, plant and equipment for the periods presented: Land Buildings and improvements Machinery, equipment and containers Cold drink equipment Vehicle fleet Furniture Assets under construction Total € million € million € million € million € million € million € million € million Cost: As at 31 December 2019 316 1,755 2,805 1,210 291 234 279 6,890 Additions 18 89 112 46 64 16 77 422 Disposals (12) (32) (81) (86) (69) (107) (1) (388) Transfers and reclassifications 1 49 173 — — 4 (227) — Currency translation adjustments (6) (15) (34) (15) (3) (3) (3) (79) As at 31 December 2020 317 1,846 2,975 1,155 283 144 125 6,845 Acquisition of CCL 339 492 529 108 7 15 78 1,568 Additions 2 41 119 50 62 10 195 479 Disposals (3) (28) (218) (319) (54) (16) 1 (637) Transfers and reclassifications (A) — 47 129 11 1 5 (197) (4) Currency translation adjustments 8 31 44 21 (1) 2 4 109 As at 31 December 2021 663 2,429 3,578 1,026 298 160 206 8,360 Accumulated depreciation: As at 31 December 2019 — (557) (1,135) (709) (143) (141) — (2,685) Depreciation expense — (117) (297) (159) (62) (30) — (665) Disposals — 15 79 86 63 84 — 327 Currency translation adjustments — 8 16 10 1 3 — 38 As at 31 December 2020 — (651) (1,337) (772) (141) (84) — (2,985) Depreciation expense — (123) (326) (163) (61) (20) — (693) Disposals — 17 208 319 51 15 — 610 Currency translation adjustments — (9) (18) (15) — (2) — (44) As at 31 December 2021 — (766) (1,473) (631) (151) (91) — (3,112) Net book value: As at 31 December 2019 316 1,198 1,670 501 148 93 279 4,205 As at 31 December 2020 317 1,195 1,638 383 142 60 125 3,860 As at 31 December 2021 663 1,663 2,105 395 147 69 206 5,248 (A) Includes €4 million related to assets held for sale for the year ended 31 December 2021. Right of use assets The following table summarises the net book value of right of use assets included within property, plant and equipment: 31 December 2021 31 December 2020 € million € million Buildings and improvements 438 202 Vehicle fleet 135 137 Machinery, equipment and containers 71 19 Furniture and office equipment 5 6 Total (A) 649 364 (A) €307 million was acquired as part of the Acquisition. Total additions to right of use assets during 2021 were €120 million (2020: €134 million). The following table summarises depreciation charges relating to right of use assets for the periods presented: 31 December 2021 31 December 2020 € million € million Buildings and improvements 56 37 Vehicle fleet 59 61 Machinery, equipment and containers 22 8 Furniture and office equipment 2 11 Total 139 117 During the years ended 31 December 2021 and 31 December 2020, the total expense relating to low value and short-term leases was €16 million and €18 million, respectively, which is primarily included in administrative expenses. The Group does not have any residual value guarantees in relation to its leases. As at 31 December 2021 the total value of lease extension and termination options included within right of use assets was €16 million.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2021
Inventories [Abstract]
Inventories	Inventories Inventories are valued at the lower of cost or net realisable value and cost is determined using the first-in, first-out (FIFO) method. Inventories consist of raw materials, supplies (primarily including concentrate, other ingredients and packaging) and finished goods, which also include direct labour, indirect production and overhead costs. Cost includes all costs incurred to bring inventories to their present location and condition. Spare parts are recorded as assets at the time of purchase and are expensed as utilised. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs necessary to complete and sell the inventory. The following table summarises the inventory outstanding in the consolidated statement of financial position as at the dates presented: 31 December 2021 31 December 2020 € million € million Finished goods 635 389 Raw materials and supplies 375 210 Spare parts and other 147 82 Total inventories 1,157 681 Write downs of inventories to net realisable value totalled €41 million and €29 million for the years ended 31 December 2021 and 31 December 2020, respectively. These write downs were included in cost of sales on the consolidated income statement. None of these write downs for inventory were subsequently reversed.

Trade accounts receivable

Trade accounts receivable	12 Months Ended
	Dec. 31, 2021
Trade and other receivables [abstract]
Trade accounts receivable	Trade accounts receivable The Group sells its products to retailers, wholesalers and other customers and extends credit, generally without requiring collateral, based on an evaluation of the customer’s financial condition. While the Group has a concentration of credit risk in the retail sector, this risk is mitigated due to the diverse nature of the customers the Group serves, including, but not limited to, their type, geographic location, size and beverage channel. Trade accounts receivable are initially recognised at fair value and subsequently measured at amortised cost less provision for impairment. Typically, accounts receivable have terms of 30 to 60 days and do not bear interest. The Group applies an expected credit loss reserve methodology to assess possible impairments. Balances are considered for impairment on an individual basis rather than by reference to the extent that they become overdue. The Group considers factors such as delinquency in payment, financial difficulties, payment history of the debtor as well as certain forward-looking macroeconomic indicators. The carrying amount of trade accounts receivable is reduced through the use of an allowance account and the amount of the loss is recognised in the consolidated income statement. Credit insurance on a portion of the accounts receivable balance is also carried. Refer to Note 26 for further details on credit risk management. As a result of COVID-19, the Group supplemented its existing credit loss reserve methodology to include an incremental loss allowance for those receivable balances that were deemed to be higher risk in the current environment. The incremental allowance is included within allowance for doubtful accounts below, as at 31 December 2021. The following table summarises the trade accounts receivable outstanding in the consolidated statement of financial position as at the dates presented: 31 December 2021 31 December 2020 € million € million Trade accounts receivable, gross 2,354 1,478 Allowance for doubtful accounts (49) (39) Total trade accounts receivable 2,305 1,439 The following table summarises the ageing of trade accounts receivable, net of allowance for doubtful accounts, in the consolidated statement of financial position as at the dates presented: 31 December 2021 31 December 2020 € million € million Not past due 2,172 1,389 Past due 1 - 30 days 88 23 Past due 31 - 60 days 18 3 Past due 61 - 90 days 9 4 Past due 91 - 120 days 3 1 Past due 121+ days 15 19 Total 2,305 1,439 The following table summarises the change in the allowance for doubtful accounts for the periods presented: Allowance for doubtful accounts € million As at 31 December 2019 (18) Provision for impairment recognised during the year (25) Receivables written off during the year as uncollectible 4 As at 31 December 2020 (39) Provision for impairment recognised during the year (13) Receivables written off during the year as uncollectible 3 As at 31 December 2021 (49)

Cash and cash equivalents and s

Cash and cash equivalents and short term investments	12 Months Ended
	Dec. 31, 2021
Cash and cash equivalents [abstract]
Cash and cash equivalents and short term investments	Cash and cash equivalents and short term investments Cash and cash equivalents Cash and cash equivalents include cash and short term, highly liquid financial instruments with maturity dates of less than three months when acquired that are readily convertible to cash and which are subject to an insignificant risk of changes in value. Counterparties and instruments used to hold the Group’s cash and cash equivalents are continually assessed, with a focus on preservation of capital and liquidity. The following table summarises the cash and cash equivalents outstanding in the consolidated statement of financial position as at the dates presented: 31 December 2021 31 December 2020 € million € million Cash at banks and on hand 708 643 Short term deposits and securities 699 880 Total cash and cash equivalents 1,407 1,523 Cash and cash equivalents are held in the following currencies as at the dates presented: 31 December 2021 31 December 2020 € million € million Euro 524 950 British Pound 337 424 US Dollar 74 32 Norwegian Krone 64 70 Swedish Krona 31 33 Australian Dollar 234 — Indonesian Rupiah 41 — Papua New Guinean Kina 45 — Other 57 14 Total cash and cash equivalents 1,407 1,523 Included within Cash and cash equivalents as at 31 December 2021 are Papua New Guinea cash assets of €45 million denominated in local currency (Kina). Government-imposed currency controls impact the extent to which the cash held in Papua New Guinea can be converted into foreign currency and remitted for use elsewhere in the Group. There are no other material restrictions on the Group’s cash and cash equivalents. Short term investments Short term investments are financial assets that are initially recognised at fair value and subsequently measured at amortised cost. The Group classifies its financial assets as at amortised cost only if both of the following criteria are met: • the asset is held within a business model whose objective is to collect the contractual cash flows; and • the contractual terms give rise to cash flows that are solely payments for principal and interest. The short term investment balance is comprised of time deposits and treasury bills, with maturity dates of greater than three months and less than one year when acquired, which do not meet the definition of cash and cash equivalents, and are expected to be held until maturity. These are highly liquid investments and due to their short term nature, their carrying amount is not significantly different from the fair values.

Fair values

Fair values	12 Months Ended
	Dec. 31, 2021
Fair Value Measurement [Abstract]
Fair values	Fair values Fair value measurements All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy. This is described as one of the following, based on the lowest level input that is significant to the fair value measurement as a whole: • Level 1 – Quoted prices in active markets for identical assets or liabilities. • Level 2 – Observable inputs other than quoted prices included in Level 1. The Group values assets and liabilities included in this level using dealer and broker quotations, certain pricing models, bid prices, quoted prices for similar assets and liabilities in active markets or other inputs that are observable or can be corroborated by observable market data. • Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The fair values of the Group’s cash and cash equivalents, trade accounts receivable, amounts receivable from related parties, trade and other payables and amounts payable to related parties approximate their carrying amounts due to their short term nature. The fair values of the Group’s borrowings are estimated based on borrowings with similar maturities and credit quality and current market interest rates. These are categorised within Level 2 of the fair value hierarchy as the Group uses certain pricing models and quoted prices for similar liabilities in active markets in assessing their fair values. Refer to Note 14 for further details regarding the Group’s borrowings. The following table summarises the book value and fair value of the Group’s borrowings as at the dates presented: 31 December 2021 31 December 2020 € million € million Fair value of borrowings 13,316 7,585 Book value of borrowings (Note 14) 13,140 7,187 The Group’s derivative assets and liabilities are carried at fair value, which is determined using a variety of valuation techniques, depending on the specific characteristics of the hedging instrument, taking into account credit risk. The fair value of its derivative contracts (including forwards, options, futures, cross currency swaps and interest rate swaps) is determined using standard valuation models. The significant inputs used in these models are readily available in public markets or can be derived from observable market transactions and, therefore, the derivative contracts have been classified as Level 2. Inputs used in these standard valuation models include the applicable spot, forward and discount rates. The standard valuation model for the option contracts also includes implied volatility, which is specific to individual options and is based on rates quoted from a widely used third party resource. Refer to Note 13 for further details about the Group’s derivatives. The following table summarises the fair value of the derivative assets and liabilities as at the dates presented: 31 December 2021 31 December 2020 € million € million Assets at fair value: Derivatives (Note 13) 376 46 Liabilities at fair value: Derivatives (Note 13) 66 77 For assets and liabilities that are recognised in the financial statements on a recurring basis, the Group determines whether transfers have occurred between levels in the hierarchy by reassessing categorisation at the end of each reporting period. There have been no transfers between levels during the periods presented.

Hedging activities

Hedging activities	12 Months Ended
	Dec. 31, 2021
Financial Instruments [Abstract]
Hedging activities	Hedging activities Derivative financial instruments The Group utilises derivative financial instruments to mitigate its exposure to certain market risks associated with its ongoing operations. The primary risks that it seeks to manage through the use of derivative financial instruments include currency exchange risk, commodity price risk and interest rate risk. All derivative financial instrument assets and liabilities are recorded at fair value on the consolidated statement of financial position. The Group does not use derivative financial instruments for trading or speculative purposes and all hedge ratios are on a 1:1 basis. At the inception of a hedge transaction, the Group documents the relationship between the hedging instrument and the hedged item, as well as its risk management objective and strategy for undertaking the hedge transaction. This process includes linking the derivative financial instrument designated as a hedging instrument to the specific asset, liability, firm commitment or forecasted transaction. Refer to Note 26 for further details about the Group’s risk management strategy and objective. Both at the hedge inception and on an ongoing basis, the Group assesses and documents whether the derivative financial instrument used in the hedging transaction is highly effective in maintaining the risk management objectives. Where critical terms match, the Group uses a qualitative assessment to ensure initial and ongoing effectiveness criteria. Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated, exercised, or no longer qualifies for hedge accounting. At that time, any cumulative gain or loss on the hedging instrument recognised in equity is retained in equity until the forecasted transaction occurs. If the hedged transaction is no longer expected to occur, the net cumulative gain or loss recognised in equity is transferred to the income statement. While certain derivative financial instruments are designated as hedging instruments, the Group may also enter into derivative financial instruments that are designed to hedge a risk but are not designated as hedging instruments (referred to as an economic hedge or a non-designated hedge). The decision regarding whether or not to designate a hedge for hedge accounting is made by management considering the size, purpose and tenure of the hedge, as well as the anticipated ability to achieve and maintain the Group’s risk management objective. The Group is exposed to counterparty credit risk on all of its derivative financial instruments. It has established and maintained strict counterparty credit guidelines and enters into hedges only with financial institutions that are investment grade or better. It continuously monitors counterparty credit risk and utilises numerous counterparties to minimise its exposure to potential defaults. As part of the Acquisition, the Group acquired derivative financial instruments which had previously been designated as hedging instruments in CCL. These instruments are used to manage currency exchange risk, commodity price risk and interest rate risk of CCL and included FX swaps, commodity swaps, interest rate swaps and cross currency swaps. As at the acquisition date, the Group evaluated each of the acquired derivative financial instruments and assessed whether the designation as a hedging instrument was appropriate under IFRS 9. The Group subsequently designated the acquired derivative financial instruments as either cash flow hedges or fair value hedges and continues to assess and document whether the derivative financial instruments used in the hedging transaction are highly effective in maintaining the risk management objective. The following table summarises the fair value of the assets and liabilities related to derivative financial instruments and the respective line items in which they were recorded in the consolidated statement of financial position as at the dates presented. All derivative instruments are classified as Level 2 within the fair value hierarchy. Discussion of the Group’s other financial assets and liabilities is contained elsewhere in these financial statements. Refer to Note 10 for trade accounts receivable, Note 15 for trade and other payables, Note 14 for borrowings and Note 20 for amounts receivable and payable with related parties. 31 December 2021 31 December 2020 Hedging instrument Location – statement of financial position € million € million Assets: Derivatives designated as hedging instruments: Commodity contracts Non-current derivative assets 75 6 Foreign currency contracts Non-current derivative assets 3 — Interest rate and cross currency swaps Non-current derivative assets 148 — Commodity contracts Current derivative assets 128 13 Deal contingent forwards Current derivative assets — 24 Foreign currency contracts Current derivative assets 16 3 Interest rate and cross currency swaps Current derivative assets 6 — Total 376 46 Total assets 376 46 Liabilities: Derivatives designated as hedging instruments: Commodity contracts Non-current derivative liabilities 3 9 Foreign currency contracts Non-current derivative liabilities — 6 Interest rate and cross currency swaps Non-current derivative liabilities 44 — Commodity contracts Current derivative liabilities 5 24 Foreign currency contracts Current derivative liabilities 14 4 Interest rate and cross currency swaps Current derivative liabilities — 34 Total 66 77 Total liabilities 66 77 Cash flow hedges The Group uses cash flow hedges to mitigate its exposure to changes in cash flows attributable to currency fluctuations and commodity price fluctuations associated with certain forecasted transactions, including purchases of raw materials, finished goods and services denominated in non-functional currencies, the receipt of interest and principal on intercompany loans denominated in non-functional currencies and the payment of interest and principal on debt issuances in non-functional currencies. Effective changes in the fair value of these cash flow hedging instruments are recognised as a component of other reserves on the consolidated statement of financial position. The effective changes are then recognised within the line item on the consolidated income statement that is consistent with the nature of the underlying hedged item in the period that the forecasted purchases or payments impact earnings. Any changes in the fair value of these cash flow hedges that are the result of ineffectiveness are recognised immediately in the line item on the consolidated income statement that is consistent with the nature of the underlying hedged item. Historically, the Group has not experienced, nor does it expect to experience, material hedge ineffectiveness with the value of the hedged instrument equalling that of the hedged item. In connection with the Acquisition, the Group entered into deal contingent foreign currency forwards with a total notional amount of €5.6 billion in order to mitigate the foreign currency risk arising from the Acquisition. These instruments were recorded as cash flow hedges, and on completion of the Acquisition, gains of €84 million were reclassified to Goodwill. The net notional amount of outstanding interest rate and cross currency swaps used to hedge interest rate risk and currency fluctuations of non-functional currency borrowings was €2.2 billion at 31 December 2021 and €0.4 billion at 31 December 2020. The net notional amount of the other outstanding currency related cash flow hedges was The following table summarises the Group’s outstanding cash flow hedges by risk category as at the dates presented (all contracts denominated in a foreign currency have been converted into euros using the respective year end spot rate): Notional maturity profile Total Less than 1 year 1 to 3 years 3 to 5 years Over 5 years Cash flow hedges € million € million € million € million € million Foreign currency contracts 475 303 172 — — Interest rate and cross currency swaps 736 340 396 — — Commodity contracts 459 246 213 — — As at 31 December 2019 1,670 889 781 — — Deal contingent foreign currency forwards 3,000 3,000 — — — Foreign currency contracts 310 174 136 — — Interest rate and cross currency swaps 396 396 — — — Commodity contracts 677 403 274 — — As at 31 December 2020 4,383 3,973 410 — — Interest rate and cross currency swaps 2,225 144 1,365 — 716 Foreign currency contracts 1,074 912 162 — — Commodity contracts 922 566 356 — — As at 31 December 2021 4,221 1,622 1,883 — 716 The Group recognised within other comprehensive income net gains of €125 million, €25 million and €10 million for the years ended 31 December 2021, 31 December 2020 and 31 December 2019, respectively, related to changes in the fair values of outstanding cash flow hedges. The amount of ineffectiveness associated with these cash flow hedges was not material during any year presented within these financial statements. The following table summarises the net of tax effect for cash flow hedges for the periods presented within the consolidated income statement: Amount of gain/(loss) reclassified 31 December 2021 31 December 2020 31 December 2019 Cash flow hedging instruments Location – income statement € million € million € million Foreign currency contracts Cost of sales (3) 1 — Commodity contracts Cost of sales 74 (33) (17) Commodity contracts Selling and distribution expenses 2 (3) — Interest rate and cross currency swaps (A) Finance costs (78) 23 18 Total (5) (12) 1 (A) The gain/(loss) recognised on these currency contracts is offset by the gain/(loss) recognised on the remeasurement of the underlying debt instruments; therefore, there is a minimal consolidated net effect in non-operating items on the consolidated income statement. Fair value hedges The Group has designated certain cross currency swaps used to mitigate FX risk and interest rate risk on foreign currency borrowings as fair value hedges. There is an economic relationship between the hedged item and the hedging instrument as the terms of the cross currency swap contracts match the terms of the fixed-rate borrowings. The Group has established a hedge ratio of 1:1 for the hedging relationship. The following table summarises the Group’s outstanding fair value hedges by risk category as at the dates presented (all contracts denominated in a foreign currency have been converted into euros using the respective year end spot rate): Fair value hedges Total Less than 1 year 1 to 3 years 3 to 5 years Over 5 years As at 31 December 2019 — — — — — As at 31 December 2020 — — — — — Interest rate and cross currency swaps 166 — — — 166 As at 31 December 2021 166 — — — 166 The following table summarises the gains/(losses) recognised from fair value hedges that settled for the periods presented within the consolidated income statement: Fair value hedges Location - Income statement 31 Dec 2021 31 Dec 2020 31 Dec 2019 Foreign currency contracts Finance costs (2) — — Total (2) — — The carrying value of the hedged item recognised in borrowings is €173 million (2020: nil), which includes accumulated amounts of fair value adjustments of €15 million (2020: nil). Non-designated hedges The Group periodically enters into derivative instruments that are designed to hedge various risks but are not designated as hedging instruments. These hedged risks include those related to commodity price fluctuations associated with forecasted purchases of aluminium, sugar, components of PET (plastic) and vehicle fuel. At times, it also enters into other short-term non-designated hedges to mitigate its exposure to changes in cash flows attributable to currency fluctuations associated with short-term intercompany loans and certain cash equivalents denominated in non-functional currencies. Changes in the fair value of outstanding non-designated hedges are recognised each reporting period in the line item on the consolidated income statement that is consistent with the nature of the hedged risk. There were €59 million outstanding non-designated foreign currency hedges, hedging intercompany loans as at 31 December 2021. There were no outstanding non-designated hedges as at 31 December 2020. The following table summarises the gains/(losses) recognised from non-designated derivative financial instruments in the consolidated income statement for the years presented. 31 December 2021 31 December 2020 31 December 2019 Non-designated hedging instruments Location – income statement € million € million € million Commodity contracts Selling and distribution expenses — (12) 5 Foreign currency contracts (A) Non-operating items — (4) (2) Total — (16) 3 (A) The gain/(loss) recognised on these currency contracts is offset by the gain/(loss) recognised on the remeasurement of the underlying hedged items; therefore, there is a minimal consolidated net effect in non-operating items on the consolidated income statement. Net investment hedges The Group had no net investment hedges in place as at 31 December 2021 or 31 December 2020, however it continues to monitor its exposure to currency exchange rates and may enter into future net investment hedges as a result of volatility in the functional currencies of certain of its subsidiaries.

Borrowings and leases

Borrowings and leases	12 Months Ended
	Dec. 31, 2021
Financial Instruments [Abstract]
Borrowings and leases	Borrowings and leases Borrowings Borrowings are initially recognised at fair value, net of issuance costs incurred. Borrowings acquired by the Group as part of the Acquisition have been recognised at fair value at the acquisition date. After initial recognition, borrowings are subsequently measured at amortised cost using the effective interest rate method. Amortisation of transaction costs, fair value adjustments made on acquisition, premiums and discounts are recognised as part of finance costs within the consolidated income statement. Leases Since the adoption of IFRS 16, “Leases”, effective 1 January 2019, lease liabilities are included within Borrowings in our consolidated statement of financial position. The lease liability is measured at the present value of lease payments, discounted using the Group’s incremental borrowing rate (IBR). The lease term comprises the non-cancellable period of the contract, together with periods covered by an option to extend the lease whenever the Group is reasonably certain to exercise that option and has an enforceable right to do so. Subsequently, the lease liability is measured by increasing the carrying amount to reflect interest on the lease liability and reducing it by lease payments made. Borrowings outstanding The following table summarises the carrying value of the Group’s borrowings as at the dates presented: 31 December 2021 31 December 2020 € million € million Non-current: Euro denominated bonds: €700 million 0.75% Notes 2022 — 699 €350 million 2.625% Notes 2023 349 349 €500 million 1.125% Notes 2024 497 497 €350 million 2.375% Notes 2025 348 347 €250 million 2.750% Notes 2026 249 248 €600 million 1.75% Notes 2026 594 592 €400 million 1.50% Notes 2027 397 396 €250 million 1.50% Notes 2027 261 263 €500 million 1.75% Notes 2028 495 494 €750 million 0.20% Notes 2028 743 742 €500 million 1.125% Notes 2029 494 494 €500 million 1.875% Notes 2030 496 496 €500 million 0.70% Notes 2031 496 496 €800 million —% Notes due 2025 (C) 797 — €700 million 0.50% Notes due 2029 (C) 694 — €1,000 million 0.875% Notes due 2033 (C) 990 — €750 million million 1.50% Notes due 2041 (C) 746 — Foreign currency bonds (swapped into Euro) (D) : $850 million 0.50% Notes due 2023 (C) 747 — $650 million 0.80% Notes due 2024 (C) 571 — $500 million 1.50% Notes due 2027 (C) 439 — 31 December 2021 31 December 2020 € million € million Australian dollar denominated bonds (E) : A$100 million 3.50% Notes2024 68 — A$30 million 4.166% Notes 2025 21 — A$20 million 4.25% Notes 2025 14 — A$30 million 4.125% Notes 2026 21 — A$50 million 4.155% Notes 2028 36 — A$133 million 2.45% Notes 2029 87 — A$50 million 4.20% Notes 2031 37 — A$187 million 4.20% Notes 2031 138 — A$13 million 4.20% Notes 2031 10 — Foreign currency bonds (swapped into Australian Dollar or New Zealand Dollar) (D) (E) : US$25 million 4.34% Notes 2023 23 — US$25 million 4.34% Notes 2023 23 — NOK1 billion 3.04% Notes 2028 105 — NOK750 million 2.75% Notes 2030 77 — US$50 million 2.653% Notes 2030 45 — JPY10 billion 4.15% Notes 2036 90 — JPY12.3 billion billion 1.06% Notes 2037 83 — Lease obligations 509 269 Total non-current borrowings 11,790 6,382 31 December 2021 31 December 2020 € million € million Current: Euro denominated bonds: €700 million 0.75% Notes 2022 700 — €350 million Floating Rate Note 2021 (A) — 350 Foreign currency bonds (swapped into Euro) (D) : US$250 million 3.25% Notes 2021 (B) — 156 US$300 million 4.50% Notes 2021 (B) — 203 Australian dollar denominated bonds (D) (E) : A$200 million 3.34% Notes 2022 129 — A$30 million 5.06% Notes 2022 20 — A$125 million 3.13% Notes 2022 81 — EUR commercial paper 285 — Bank overdraft 1 — Lease obligations 134 96 Total current borrowings 1,350 805 (A) In November 2021, the Group repaid at maturity €350 million Floating Rate Notes. Interest rate was 3 months EURIBOR plus 18 basis points with a minimum 0%. (B) In June 2021, the Group repaid prior to maturity the outstanding amount related to the $300 million 4.5% Notes due September 2021 and $250 million 3.25% Notes due August 2021. (C) In May 2021, and in connection with the Acquisition, the Group received net proceeds from new borrowings in the period of €4,877 million issuing the following bonds: €800 million 0% Notes due 2025, €700 million 0.5% Notes due 2029, €1,000 million 0.875% Notes due 2033, €750 million 1.5% Notes due 2041 and $850 million 0.5% Notes due 2023, $650 million 0.8% Notes due 2024, $500 million 1.5% Notes due 2027. (D) Cross currency swaps are used by the Group to swap foreign currency bonds into the required local currency. (E) Included within the Group's borrowings as at 31 December 2021 are the bonds acquired as part of the Acquisition. These bonds are either denominated in A$ or swapped back to A$ or NZ$ using cross currency swaps. Note: During the period, the Group repaid A$100 million 4.63% Notes, A$45 million 6.65% Notes, JPY3 billion 2.54% Notes, A$100 million 4.25% Notes and A$30 million 5.95% Notes. These were acquired as part of the API acquisition and were repaid after the acquisition date but before year end. Borrowings are stated net of unamortised financing fees of €42 million and €26 million, as at 31 December 2021 and 31 December 2020, respectively. As at 31 December 2021, the total interest expense recognised on lease liabilities was €10 million. Credit facilities During 2021, the amount available under the Group’s multi currency credit facility was increased from €1.5 billion to €1.95 billion. This amount is available for borrowing with a syndicate of 13 banks. This credit facility matures in 2025 and is for general corporate purposes and supporting the Group’s working capital needs. Based on information currently available, there is no indication that the financial institutions participating in this facility would be unable to fulfill their commitments to the Group as at the date of these consolidated financial statements. The Group’s current credit facility contains no financial covenants that would impact its liquidity or access to capital. As at 31 December 2021, the Group had no amounts drawn under this credit facility. Cash flows from financing activities The following table provides a reconciliation of movements of liabilities to cash flows arising from financing activities: Current portion of borrowings Borrowings, less current portion Total € million € million € million As at 31 December 2019 799 5,622 6,421 Changes from financing cash flows Proceeds from third party borrowings, net — 1,598 1,598 Changes in short-term borrowings (221) — (221) Repayments on third party borrowings (A) (467) (102) (569) Payment of principal and interest on lease obligations (120) — (120) Other non-cash changes Amortisation of discount, premium and issue costs — 8 8 Lease additions (7) 108 101 Currency translation — (31) (31) Reclassifications 821 (821) — Total changes 6 760 766 Current portion of borrowings Borrowings, less current portion Total € million € million € million As at 31 December 2020 805 6,382 7,187 Acquisition of API 381 1,251 1,632 Changes from financing cash flows Proceeds from third party borrowings, net — 4,877 4,877 Changes in short-term borrowings 276 — 276 Repayments on third party borrowings (A) (950) — (950) Payment of principal and interest on lease obligations (149) — (149) Other non-cash changes Amortisation of discounts, premium, issue costs and fair value adjustments — (3) (3) Lease additions and other non-cash movements 39 83 122 Movement as a result of fair value hedges 6 9 15 Currency translation 33 100 133 Reclassifications 909 (909) — Total changes 545 5,408 5,953 As at 31 December 2021 1,350 11,790 13,140 (A) This line item includes the impact of the cross currency swap hedge from USD to EUR. Cash flows from financing activities includes €27 million, €24 million and €36 million of cash received related to income on a cross currency swap for 2021, 2020 and 2019, respectively. Total cash outflows for leases were €149 million, €120 million and €132 million for the years ended 31 December 2021, 31 December 2020 and 31 December 2019 respectively.

Trade and other payables

Trade and other payables	12 Months Ended
	Dec. 31, 2021
Trade and other payables [abstract]
Trade and other payables	Trade and other payables Trade and other payables represent liabilities for goods and services provided to the Group prior to the end of the reporting period, which are unpaid. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. Trade and other payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest rate method. Trade payables are non-interest bearing and are normally settled between 30 to 60 days. The Group participates in various programmes and arrangements with customers designed to increase the sale of our products. The costs of these programmes are recorded as deductions from revenue. Among the programmes are arrangements under which allowances can be earned by customers for attaining agreed upon sales levels or for participating in specific marketing programmes. When these allowances are paid in arrears, the Group accrues the estimated amount to be paid based upon historical customer experience, the programme’s contractual terms, expected customer performance and/or estimated sales volume. The costs of these off-invoice customer marketing costs totalled €4.1 billion, €3.2 billion and €3.2 billion for 2021, 2020 and 2019, respectively. The following table summarises trade and other payables as at the dates presented: 31 December 2021 31 December 2020 € million € million Trade accounts payable (A) 1,691 1,124 Accrued customer marketing costs 1,160 775 Accrued deposits 264 246 Accrued compensation and benefits 482 217 Accrued taxes 220 193 Other accrued expenses 420 199 Total trade and other payables 4,237 2,754 (A) Includes amounts of €266 million (2020: €219 million) which are part of a supply chain finance programme facilitated by the Group. The programme permits suppliers to elect on an invoice-by-invoice basis to receive a discounted payment from the partner bank earlier than the agreed payment terms with the Group. If a supplier makes this election, the value and the due date of the invoice payable by the Group remains unchanged.

Post-employment benefits

Post-employment benefits	12 Months Ended
	Dec. 31, 2021
Employee Benefits [Abstract]
Post-employment benefits	Post-employment benefits The cost of providing benefits is determined using the projected unit credit method with actuarial valuations being carried out at the end of each annual reporting period. All remeasurements of the defined benefit obligation, such as actuarial gains and losses and return on plan assets, are recognised directly in other comprehensive income. Remeasurements recognised in other comprehensive income are reflected immediately in retained earnings and are not reclassified to profit or loss. Service cost is presented within cost of sales, selling and distribution expenses and administrative expenses in the consolidated income statement. Past service cost is recognised immediately within cost of sales, selling and distribution expenses and administrative expenses in the consolidated income statement. The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. Net interest cost is presented within finance costs or finance income, as applicable, in the consolidated income statement. The defined benefit obligation recognised in the consolidated statement of financial position represents the present value of the estimated future cash outflows, using interest rates of high quality corporate bonds which have terms to maturity approximating the terms of the related liability. The Group recognises termination benefits at the earlier of the following dates: (1) when the Group can no longer withdraw the offer of those benefits and (2) when the Group recognises costs for a restructuring that is within the scope of IAS 37, “Provisions, Contingent Liabilities and Contingent Assets” and involves the payment of termination benefits. In the case of an offer made to encourage voluntary redundancy, the termination benefits are measured based on the number of employees expected to accept the offer. Termination benefits are payable whenever an employee’s employment is terminated before the normal retirement date or whenever an employee accepts voluntary redundancy in exchange for those benefits. The following table summarises our non-current employee benefit liabilities as at the dates presented: 31 December 2021 31 December 2020 € million € million Retirement benefit obligation 103 251 Other employee benefit liabilities 35 32 Total non-current employee benefit liabilities 138 283 Defined benefit plans The Group sponsors a number of defined benefit pension plans in Belgium, France, Germany, Great Britain, Luxembourg and Norway. In connection with the Acquisition, the Group assumed the liabilities related to two defined benefit plans, Coca-Cola Amatil Superannuation Plan (CCASP), which is predominantly Australia-based, and the CCBI Superannuation Plan (CCBISP), which is Indonesia-based. The Group’s Great Britain plan (GB Scheme) and Germany plans (Pension Plan 1 and Pension Plan 2) are the most significant. The GB Scheme’s defined benefit obligation includes benefits for current employees, former employees and current pensioners. The level of benefits provided (funded final salary pension) depends on the member’s length of service and salary at retirement age. Part of the pension may be exchanged for a tax free cash lump sum. The GB Scheme was closed to new members with effect from 1 October 2005 and is administered by a separate board of trustees, which is legally separate from the Group. The board of trustees is composed of representatives of both the employer and employees. The board of trustees is required by law to act in the interest of all relevant beneficiaries and is responsible for the investment policy with regard to the assets plus the day to day administration of the benefits. A full actuarial valuation of the GB Scheme occurs on a triennial basis by a qualified external actuary, which is used as the basis of determining the Group’s future contributions to the plan. The latest triennial valuation was carried out as at 5 April 2019 and has been updated to 31 December 2021 to reflect our defined benefit obligation, for known events and changes in market conditions as allowed under IAS 19, “Employee Benefits”. On 8 October 2020, the Group announced a proposal to close the GB Scheme to future accrual, which was implemented on 31 March 2021. The affected employees were offered to enrol in the Group’s defined contribution scheme (DC scheme), resulting in €19 million of expenses incurred for the year ending 31 December 2021 related to discrete payments to the affected employees in the form of cash or a contribution to their pension (DC Scheme). Subsequent to the implementation of the closure of the GB Scheme, the members moved from active to deferred status, with future indexation of deferred pensions before retirement measured by reference to the consumer price index (CPI). As a result, a gain of €28 million was recognised as a past service cost credit. Germany’s defined benefit pension plans are open to existing members but closed to new entrants. The defined benefit includes benefits for current employees, former employees and current pensioners. Pension Plan 1 has elements of a final salary pension for past service and a career average formula for new accruals. It is funded through a support fund administered by an insurance company. Pension Plan 2 is administered by the Group with the plan being covered by a contractual trust arrangement (CTA) and a single reinsurance contract. The Group is responsible for paying obligations. There is no external board of trustees. The insurer shares some responsibility for plan assets, investment policy and administration. The latest annual valuation for Plan 1 was 31 December 2019 updated to the balance sheet date of these consolidated financial statements and for Plan 2 it was 31 December 2021. Risks The Group’s defined benefit pension schemes expose the Group to a number of risks, including: • Asset volatility – the plan liabilities are calculated using a discount rate set with reference to corporate bond yields; if assets underperform this yield, a deficit would occur. Some of our plans hold a significant proportion of growth assets (equities and property) which, though expected to outperform corporate bonds in the long term, create volatility and risk in the short term. The allocation to growth assets is monitored to ensure it remains appropriate given each scheme’s long-term objectives. • Changes in bond yields – a decrease in corporate bond yields will increase the defined benefit liability, although this will be partially offset by an increase in the value of the plan’s bond holdings. • Inflation risk – a significant proportion of our benefit obligations are linked to inflation and higher inflation will lead to higher liabilities (although, in most cases, caps on the level of inflationary increases are in place to protect against extreme inflation). The majority of the assets are either unaffected by or only loosely correlated with inflation, meaning that an increase in inflation will also increase the deficit. • Life expectancy – the majority of our plans have an obligation to provide benefits for the life of the member, so increases in life expectancy will result in an increase in the defined benefit liabilities. Benefit costs The following table summarises the expense related to pension plans recognised in the consolidated income statement for the years presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Service cost 26 52 46 Past service (credit)/cost (A) (23) — 3 Net interest cost 2 2 1 Administrative expenses 2 2 2 Total cost 7 56 52 (A) Predominantly comprised of the impact of the closure of the GB defined benefit pension scheme to future benefits accrual on 31 March 2021. Other comprehensive income The following table summarises the changes in other comprehensive income related to our pension plans for the years presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Actuarial (gain)/loss on defined benefit obligation arising during the period (66) 160 282 Return on plan assets (greater)/less than discount rate (235) (89) (203) Net charge to other comprehensive income (301) 71 79 Benefit obligation and fair value of plan assets The following table summarises the changes in the pension plan benefit obligation and the fair value of plan assets for the periods presented: 31 December 2021 31 December 2020 € million € million Reconciliation of benefit obligation: Benefit obligation at beginning of plan year 2,340 2,236 Service cost 26 52 Past service cost (23) — Interest costs on defined benefit obligation 36 34 Plan participants contribution 59 71 Actuarial loss/(gain) - experience 2 (7) Actuarial loss/(gain) - demographic assumptions (2) — Actuarial loss/(gain) - financial assumptions (66) 169 Benefit payments (150) (121) Administrative expenses 2 2 Acquisition of CCL 66 — Currency translation adjustments 123 (96) Benefit obligation at end of plan year 2,413 2,340 Reconciliation of fair value of plan assets: Fair value of plan assets at beginning of plan year 2,132 2,096 Interest income on plan assets 34 32 Return on plan assets greater/(less) than discount rate 235 89 Plan participants contributions 59 71 Employer contributions 39 52 Benefit payments (150) (121) Acquisition of CCL 40 — Currency translation adjustment 115 (87) Fair value of plan assets at end of plan year 2,504 2,132 Timing of benefit payments The weighted average duration of the defined benefit plan obligation as at 31 December 2021 is 20 years, including 22 years for the GB Scheme and 15 years for Germany plans. Retirement benefit status The following table summarises the retirement benefit status of pension plans as at the dates presented: 31 December 2021 31 December 2020 € million € million Net benefit status: Present value of obligation (2,413) (2,340) Fair value of assets 2,504 2,132 Net benefit status: 91 (208) Retirement benefit surplus (Note 25) 194 43 Retirement benefit obligation (103) (251) The GB Scheme and Germany plans represented approximately 72.0% and 15.7% of the present value of the obligation and 73.5% and 16.5% of the fair value of assets as at 31 December 2021, respectively. The surplus for 2021 and 2020, which is primarily related to the GB Scheme and Germany Pension Plan 2, is recognised on the balance sheet on the basis that the Group is entitled to a refund of any remaining assets once all members have left the plan. Actuarial assumptions The following tables summarise the weighted average actuarial assumptions used to determine the benefit obligations of pension plans as at the dates presented: 31 December 2021 31 December 2020 Financial assumptions % % Discount rate 1.8 1.3 Rate of compensation increase 3.2 2.7 Rate of price inflation 3.1 2.6 Demographic assumptions (weighted average) (A) 31 December 2021 31 December 2020 Retiring at the end of the reporting period Male 22.4 21.3 Female 25.0 24.0 Retiring 15 years after the end of the reporting period Male 23.3 22.4 Female 26.1 25.1 (A) These assumptions translate into an average life expectancy in years, post-retirement, for an employee retiring at age 65. The following table summarises the sensitivity of the defined benefit obligation to changes in the weighted average principal assumptions for the periods presented: Change in assumption Impact on defined benefit obligation (%) Increase in assumption Decrease in assumption Principal assumptions 2021 2020 2021 2020 Discount rate 0.5 % (8.5) (9.1) 9.7 10.4 Rate of compensation increase 0.5 % 0.5 2.3 (0.4) (2.1) Rate of price inflation 0.5 % 6.7 7.3 (5.9) (7.9) Mortality rates 1 year 3.5 3.4 (3.4) (3.5) The sensitivity analyses have been determined based on a method that extrapolates the impact on the defined benefit obligation as a result of reasonable changes in key assumptions occurring at the end of the reporting period. The sensitivity analyses are based on a change in a significant assumption, keeping all other assumptions constant. The sensitivity analyses may not be representative of an actual change in the defined benefit obligation as it is unlikely that changes in assumptions would occur in isolation of one another. Pension plan assets There are formal investment policies for the assets associated with our pension plans. Policy objectives include (1) maximising long-term return at acceptable risk levels; (2) diversifying among asset classes, if appropriate, and among investment managers; and (3) establishing relevant risk parameters within each asset class. Investment policies reflect the unique circumstances of the respective plans and include requirements designed to mitigate risk, including quality and diversification standards. Asset allocation targets are based on periodic asset liability and/or risk budgeting study results, which help determine the appropriate investment strategies for acceptable risk levels. The investment policies permit variances from the targets within certain parameters. The following tables summarise pension plan assets measured at fair value as at the dates presented: Total 31 December 2021 Investments quoted in active markets Unquoted investments € million € million € million Equity securities (A) 221 221 — Fixed-income securities: (B) Corporate bonds and notes 54 54 — Government bonds 1,506 1,506 — Cash and other short-term investments (C) 6 6 — Other investments: Real estate funds (D) 346 39 307 Insurance contracts (E) 240 — 240 Investment funds (F) 73 — 73 Derivatives (G) 58 — 58 Total 2,504 1,826 678 Total 31 December 2020 Investments quoted in active markets Unquoted € million € million € million Equity securities (A) 186 186 — Fixed-income securities: (B) Corporate bonds and notes 80 51 29 Government bonds 1,196 1,196 — Cash and other short-term investments (C) 114 112 2 Other investments: Real estate funds (D) 312 31 281 Insurance contracts (E) 230 — 230 Derivatives (G) 14 — 14 Total 2,132 1,576 556 (A) Equity securities are comprised of ordinary shares and investments in equity funds. Investments in ordinary shares are valued using quoted market prices multiplied by the number of shares owned. Investments in equity funds are valued at the net asset value per share, which is calculated predominantly based on the underlying quoted investments market price, multiplied by the number of shares held as of the measurement date. (B) The fair values of the fixed-income securities are determined based on quoted market prices in active markets. Bonds are held mainly in the currency of the geography of the plan. (C) Cash and other short-term investments are valued at €1.00/unit, which approximates fair value. Amounts are generally invested in cash or interest bearing accounts. (D) The valuation of unquoted real estate funds is based on net assets value per share multiplied by the number of shares owned. For quoted real estate funds, the calculation is based on the underlying quoted investments market price, multiplied by the number of shares held as of the measurement date. (E) Insurance contracts exactly match the amount and timing of certain benefits, therefore the fair value of these insurance policies is deemed to be the present value of the related obligations. (F) Primarily includes investments in equity securities, fixed income securities and combinations of both. Fair values are sourced from broker quotes. (G) Derivatives are comprised of futures and return swaps the fair values of which are not based on quoted market prices in active markets. Contributions To support a long-term funding arrangement, during 2019 the Group entered into a partnership agreement with the GB Scheme, the CCEP Scottish Limited Partnership (the Partnership). Certain property assets in Great Britain, with a market value of £171 million were transferred into the Partnership and subsequently leased back to the Group’s operating subsidiary in Great Britain. The GB Scheme receives semi-annual distributions from the Partnership, increasing each year at a fixed cumulative rate of 3% through to 2034. The Group exercises control over the Partnership and as such it is fully consolidated in these consolidated financial statements. Under IAS 19, the investment held by the GB Scheme in the Partnership does not represent a plan asset for the purposes of these consolidated financial statements. Similarly, the associated liability is not included in the consolidated statement of financial position, rather the distributions are recognised when paid as a contribution to the plan assets of the scheme. Contributions to pension plans totalled €39 million, €52 million and €61 million during the years ended 31 December 2021, 31 December 2020 and 31 December 2019, respectively. Included within the 2021 contribution is €10 million relating to the Partnership agreement. The Group expects to make contributions of €22 million for the full year ending 31 December 2022. Other employee benefit liabilities In certain territories, the Group has an early retirement programme designed to create an incentive for employees, within a certain age group, to transition from (full or part time) employment into retirement before their legal retirement age. Furthermore, the Group also sponsors deferred compensation plans in other territories. The current portion of these liabilities totalled €10 million and €13 million as at 31 December 2021 and 31 December 2020, respectively, and is included within the current portion of employee benefit liabilities. The non-current portion of these liabilities totalled €35 million and €32 million as at 31 December 2021 and 31 December 2020, respectively, and is included within employee benefit liabilities. Defined contribution plans

Equity

Equity	12 Months Ended
	Dec. 31, 2021
Equity [abstract]
Equity	Equity Share capital As at 31 December 2021, the Company has issued and fully paid 456,235,032 Shares. Shares in issue have one voting right each and no restrictions related to dividends or return of capital. Number of Shares Share capital millions € million As at 1 January 2019 475 5 Issuances of Shares 2 — Cancellation of Shares (21) — As at 31 December 2019 456 5 Issuance of Shares 2 — Cancellation of Shares (3) — As at 31 December 2020 455 5 Issuance of Shares 1 — Cancellation of Shares — — As at 31 December 2021 456 5 The number of Shares increased in 2021, 2020 and 2019 from the issue of 1,589,522, 1,310,833 and 2,092,404 Shares, respectively, following the exercise of share-based payment awards. In connection with the Company’s share buyback programmes 3,065,200 and 20,612,593 shares were cancelled in 2020 and 2019, respectively. No shares were repurchased in 2021. Share premium The share premium account increased by cash received for the exercise of options by €28 million in 2021, €14 million in 2020 and €26 million in 2019. Merger reserves The consideration transferred to acquire CCIP and CCEG qualified for merger relief under the Companies Act. As such, the excess consideration transferred over nominal value of €287 million was required to be excluded from the share premium account and recorded to merger reserves. Other reserves The following table summarises the balances in other reserves (net of tax) as at the dates presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Cash flow hedge reserve 151 20 (17) Net investment hedge reserve 197 197 197 Foreign currency translation adjustment reserve (509) (754) (629) Other reserves 5 — — Total other reserves (156) (537) (449) Other reserves relates to cost of hedging which represents forward point on spot designations, time value of options and currency basis. Movements, including the tax effects, in these accounts through to 31 December 2021 are included in the consolidated statement of comprehensive income. Dividends Dividends are recorded within the Group’s consolidated financial statements in the period in which they are paid. On 6 December 2021, the Group paid a full year dividend of €1.40 per Share. A full year dividend of €0.85 per Share was paid in 2020. 31 December 2021 31 December 2020 31 December 2019 € million € million € million First half dividend (A) — — 290 Second half dividend (B) 638 386 284 Total dividend on ordinary shares paid 638 386 574 (A) Dividend of €0.62 per Share was paid in first half of 2019. (B) Dividend of €0.62 per Share was paid in second half of 2019. Dividends attributable to restricted stock units and performance share units that are unvested at the period end date are accrued accordingly. During 2021, an incremental dividend accrual of €1 million has been recognised (2020: €1 million, 2019: nil). Non-controlling interest In connection with the Acquisition, non-controlling interests (NCI) of €228 million were recognised at fair value at the acquisition date with respect to PT Coca-Cola Bottling Indonesia, Paradise Beverages (Fiji) Group and Samoa Breweries Limited, of which €216 million relates to TCCC’s 29.4% ownership interest in PT Coca-Cola Bottling Indonesia. The Group recognises changes in NCI based upon post-Acquisition results for the year and movements in reserves. Subsequent to the Acquisition, transactions with non-controlling interests totalled €73 million and included €62 million related to the return of capital to TCCC and €11 million related to the acquisition of the remaining non-controlling interest relating to Paradise Beverages.

Total operating costs

Total operating costs	12 Months Ended
	Dec. 31, 2021
Analysis of income and expense [abstract]
Total operating costs	Total operating costs The following tables summarise the significant cost items by nature within operating costs for the years presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Cost of inventory recognised as an expense 6,156 4,626 5,147 Write down of inventories (Note 9) 41 29 25 Logistics costs (A) 1,012 763 900 Depreciation of property, plant and equipment, excluding restructuring 637 544 549 Amortisation of intangible assets (Note 7) 89 62 52 Acquisition related costs 53 14 — Out of period mark-to-market effects on undesignated derivatives — 2 (2) Restructuring charges, including accelerated depreciation (B) 153 368 130 (A) Logistics costs include warehousing and delivery costs to the final customer destination. They exclude depreciation and amortisation. 31 December 2021 31 December 2020 31 December 2019 (B) Restructuring € million € million € million Increase in provision for restructuring programmes (Note 23) 93 242 80 Amount of provision unused (Note 23) (13) (7) (15) Accelerated depreciation and non-cash costs 60 121 39 Other cash costs (A) 13 12 26 Total restructuring costs 153 368 130 (A) Other cash costs primarily relate to professional fees, which include consultancy costs, legal fees and other costs directly associated with restructuring. Restructuring costs charged in arriving at operating profit for the years presented include restructuring costs arising under the following programmes and initiatives: Accelerate Competitiveness In October 2020, the Group announced a number of proposals aimed at improving productivity through the use of technology enabled solutions. Included in these proposals was the closure of certain production facilities, including Liederbach and Sodenthaler in Germany and Malaga in Iberia. These proposals continue the focus on network optimisation and site rationalisation of the Group, with the majority of the impacted activities to be transferred within our network of facilities in each respective territory. The proposals are also expected to impact a number of functions across the Group, including business process technology, customer service, sales and marketing, and finance as the Group seeks to reduce complexity, improve efficiency and increase the use of technology. In 2021, as part of the continuation of this programme, the Group has announced additional restructuring proposals, including in Iberia relating to productivity initiatives across the sales organisation, which resulted in €51 million of severance costs. During the year ended 31 December 2021, the Group has incurred total restructuring charges related to this programme of €92 million, primarily made up of expected severance costs and accelerated depreciation. The total expenditure over the life of the programme is expected to be approximately €380 million. It is expected to be substantially complete by 31 December 2022. Transformation of cold drink operations During 2019, the Group commenced a transformation project relating to our cold drink operations aimed at delivering a modern, differentiated and versatile equipment fleet to optimise net cooler placements throughout our markets. As part of this strategy, capital expenditure on cold drink equipment will focus on the introduction of a new, more cost effective cooler, whilst reducing maintenance and refurbishment support spending on our older equipment. As a result of the operational impact of the strategic changes, a restructuring charge was recognised for the year ended 31 December 2021 of €44 million (2020: €44 million), primarily relating to the accelerated depreciation of aged cold drink equipment assets. This programme is now substantially complete. Site closures in Germany In January 2020, the Group announced proposals in Germany to close five distribution centres during the course of 2020 and a new commercial restructuring initiative relating to vending operations and sales functions. During the year ended 31 December 2020, restructuring charges of €78 million were recognised in connection with these proposals, primarily relating to severance costs and accelerated depreciation. No further expenses were recognised in 2021 and the programme is substantially complete. Staff costs Staff costs included within the income statement were as follows: 31 December 2021 31 December 2020 31 December 2019 Employee costs € million € million € million Wages and salaries 1,544 1,253 1,370 Social security costs 302 283 289 Pension and other employee benefits 170 119 112 Total employee costs 2,016 1,655 1,771 Directors’ remuneration information is disclosed in the Directors’ Remuneration Report. The average number of persons employed by the Group (including Directors) for the periods presented were as follows: 2021 2020 2019 No. in thousands No. in thousands No. in thousands Commercial 10.9 7.3 7.6 Supply chain 14.9 12.4 13.1 Support functions 3.9 2.5 2.6 Total average staff employed 29.7 22.2 23.3 Auditor’s remuneration Audit and other fees charged in the income statement concerning the statutory auditor of the consolidated financial statements, Ernst & Young LLP, were as follows: 31 December 2021 31 December 2020 31 December 2019 € thousand € thousand € thousand Audit of Parent Company and consolidated financial statements (A) 4,751 3,149 2,737 Audit of the Company’s subsidiaries 5,493 3,046 3,430 Total audit 10,244 6,195 6,167 Audit-related assurance services (B) 1,234 909 1,106 Other assurance services 313 279 236 Total audit and audit-related assurance services 11,791 7,383 7,509 All other services (C) 35 30 123 Total non-audit or non-audit-related assurance services 35 30 123 Total audit and all other fees 11,826 7,413 7,632 (A) Fees in respect of the audit of the accounts of the Company, including the Group's consolidated financial statements. (B) Includes professional fees for interim reviews, reporting on internal financial controls, services related to the transactions entered into with TCCC, issuance of comfort letters for debt issuances, regulatory inspections, certain accounting consultations and other attest engagements. (C) Represents fees for all other allowable services.

Finance costs

Finance costs	12 Months Ended
	Dec. 31, 2021
Borrowing costs [abstract]
Finance costs	Finance costs Finance costs are recognised in the consolidated income statement in the period in which they are incurred, with the exception of general and specific borrowing costs directly attributable to the Acquisition, construction or production of qualifying assets. Qualifying assets are assets that necessarily take a substantial period of time to get ready for their intended use or sale. Borrowing costs are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. All other borrowing costs are recognised within the consolidated income statement in the period in which they are incurred based upon the effective interest rate method. Interest income is recognised using the effective interest rate method. The following table summarises net finance costs for the years presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Interest income (A) 43 33 49 Interest expense on external debt (A) (153) (132) (137) Other finance costs (B) (19) (12) (8) Total finance costs, net (129) (111) (96) (A) Includes interest income and expense amounts, as applicable, on cross currency swaps and interest rate swaps. Cross currency swap and interest rate swap income totalled €27 million, €24 million and €36 million in 2021, 2020 and 2019, respectively. Refer to Note 13 for further details. (B) Other finance costs principally includes amortisation of the discount on external debt and interest on leases.

Related party transactions

Related party transactions	12 Months Ended
	Dec. 31, 2021
Related Party [Abstract]
Related party transactions	Related party transactions For the purpose of these consolidated financial statements, transactions with related parties mainly comprise transactions between subsidiaries of the Group and the related parties of the Group. Transactions with entities with significant influence over the group Transactions with TCCC TCCC exerts significant influence over the Group, as defined by IAS 24, “Related Party Disclosures”. As at 31 December 2021, 19.3% of the total outstanding Shares in the Group were owned by European Refreshments, a wholly owned subsidiary of TCCC. The Group is a key bottler of TCCC products and has entered into bottling agreements with TCCC to make, sell and distribute products of TCCC within the Group’s territories. The Group purchases concentrate from TCCC and also receives marketing funding to help promote the sale of TCCC products. The Group’s agreements with TCCC in each territory are for 10 years terms and each contains the right for the Group to request a 10 years renewal. The existing bottling agreements expire no earlier than 1 September 2025. Additionally, two of the Group’s 17 Directors are nominated by TCCC. The Group and TCCC engage in a variety of marketing programmes to promote the sale of TCCC products in territories in which the Group operates. The Group and TCCC operate under an incidence based concentrate pricing model and funding programme across most territories, the terms of which are tied to the bottling agreements. In certain API territories, the Group operates under a fixed price model with marketing rebates and support. TCCC makes discretionary marketing contributions under shared marketing agreements to CCEP’s operating subsidiaries. Amounts to be paid to the Group by TCCC under the programmes are generally determined annually and are periodically reassessed as the programmes progress. Under the bottling agreements, TCCC is under no obligation to participate in the programmes or continue past levels of funding in the future. The amounts paid and terms of similar programmes with other franchises may differ. Marketing support funding programmes granted to the Group provide financial support principally based on product sales or on the completion of stated requirements and are intended to offset a portion of the costs of the programmes. Payments from TCCC for marketing programmes to promote the sale of products are classified as a reduction in cost of sales, unless the presumption that the payment is a reduction in the price of the franchisors’ products can be overcome. Payments for marketing programmes are recognised as product is sold. The following table summarises the transactions with TCCC that directly impacted the consolidated income statement for the years presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Amounts affecting revenue (A) 50 50 66 Amounts affecting cost of sales (B) (3,056) (2,555) (2,962) Amounts affecting operating expenses (C) 9 8 (22) Total net amount affecting the consolidated income statement (2,997) (2,497) (2,918) (A) Amounts principally relate to fountain syrup and packaged product sales. (B) Amounts principally relate to the purchase of concentrate, syrup, mineral water and juice, as well as funding for marketing programmes. (C) Amounts principally relate to certain costs associated with new product development initiatives. In 2021 and 2020, amounts also include the reimbursement of certain marketing expenses. The following table summarises the transactions with TCCC that impacted the consolidated statement of financial position for the periods presented: 31 December 2021 31 December 2020 € million € million Amounts due from TCCC 135 146 Amounts payable to TCCC 189 167 Acquisition of Coca-Cola Amatil Limited In May 2021, CCEP acquired the 30.8% interest held by TCCC in Coca-Cola Amatil Limited pursuant to a Co-operation and Sale Deed with TCCC. Cash consideration paid to TCCC was A$893 million and USD1,046 million. Refer to Note 4 for further detail regarding the Acquisition. Following the Acquisition of Coca-Cola Amatil Limited, TCCC continued to hold a 29.4% ownership interest in As at 31 December 2021 the Group is in a process of selling to TCCC certain non-alcoholic ready to drink brands that were acquired as part of the Acquisition. These brands are classified as assets held for sale in our consolidated statement of financial position as of the year ended 31 December 2021. We expect the sale to be consummated during the first half of 2022. Refer to Note 27 for further details. Terms and conditions of transactions with TCCC Outstanding balances on transactions with TCCC are unsecured, interest free and generally settled in cash. Receivables from TCCC are considered to be fully recoverable. Transactions with Cobega companies Cobega, S.A. (Cobega) exhibits significant influence over the Group, as defined by IAS 24, “Related Party Disclosures”. As at 31 December 2021, 20.5% of the total outstanding Shares in the Group were indirectly owned by Cobega through its ownership interest in Olive Partners, S.A. Additionally, five of the Group’s 17 Directors, including the Chairman, are nominated by Olive Partners, three of whom are affiliated with Cobega. The principal transactions with Cobega are for the purchase of packaging materials, and maintenance services for vending machines. The following table summarises the transactions with Cobega that directly impacted the consolidated income statement for the years presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Amounts affecting revenue (A) 1 1 1 Amounts affecting cost of sales (B) (49) (43) (68) Amounts affecting operating expenses (C) (11) (8) (10) Total net amount affecting the consolidated income statement (59) (50) (77) (A) Amounts principally relate to packaged product sales. (B) Amounts principally relate to the purchase of packaging materials and concentrate. (C) Amounts principally relate to certain costs associated with maintenance and repair services. The following table summarises the transactions with Cobega that impacted the consolidated statement of financial position for the periods presented: 31 December 2021 31 December 2020 € million € million Amounts due from Cobega 2 4 Amounts payable to Cobega 19 14 Terms and conditions of transactions with Cobega Outstanding balances on transactions with Cobega are unsecured, interest free and generally settled in cash. Receivables from Cobega are considered to be fully recoverable. Other related parties Transactions with associates, joint ventures and other related parties Joint venture investments relate to interests in a manufacturer of alcoholic beverages, a service provider supporting the operation of container refund schemes in certain Australian states and a PET recycling plant in Indonesia. Associate investments relate to interests in deposit scheme coordinators and a holding company of container deposit schemes in certain Australian states and territories. Associate investments also include the Group’s equity interests in early stage development companies as part of CCEP Ventures. Other related parties include coordinators of container deposit schemes in certain Australian states over which significant influence is held. In addition, a 45% ownership interest in each of Made (Aust) Pty Ltd, Made Manufacturing Pty Ltd and Made Brands Pty Ltd, included as part of the Acquisition, was sold subsequent the Acquisition to the controlling shareholders for total cash consideration of €21 million. No gain or loss was recorded on the transaction. The following table summarises the transactions with associates, joint ventures and other related parties: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Net amounts affecting consolidated income statement - Associates (A) (49) — — Net amounts affecting consolidated income statement – Joint Ventures (B) (9) — — Net amounts affecting consolidated income statement – Other related parties (A) (52) — — Total net amount affecting the consolidated income statement (110) — — (A) Amounts principally relate to container deposit scheme charges in Australia. (B) Amounts principally relate to the purchase of finished products. The following table summarises the balances with associates, joint ventures and other related parties: 31 December 2021 31 December 2020 € million € million Net amounts receivable / (payable) – Associates 6 — Net amounts receivable / (payable) – Joint Ventures (2) — Terms and conditions of transactions with associates, joint ventures and other related parties Outstanding balances on transactions are unsecured, interest free and generally settled in cash. Receivables are considered to be fully recoverable. Refer to Note 28 for a listing of associates, joint ventures and other related parties. Transactions with key management personnel Key management personnel are the members of the Board of Directors and the members of the Executive Leadership Team. The following table summarises the total remuneration paid or accrued during the reporting period related to key management personnel: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Salaries and other short-term employee benefits (A) 22 20 35 Post-employment benefits — 1 1 Share-based payments 7 6 9 Termination benefits — 5 — Total 29 32 45 (A) Short-term employee benefits include wages, salaries and social security contributions, paid annual leave and paid sick leave, paid bonuses and non-monetary benefits. The Group did not have any loans with key management personnel and was not party to any other transactions with key management personnel during the periods presented.

Income taxes

Income taxes	12 Months Ended
	Dec. 31, 2021
Income Tax [Abstract]
Income taxes	Income taxes Current tax Current tax for the period includes amounts expected to be payable on taxable income in the period together with any adjustments to taxes payable in respect of previous periods, and is determined based on the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Group operates and generates taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions, where appropriate, on the basis of amounts expected to be paid to the tax authorities. Deferred tax Deferred tax is determined by identifying the temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date. Deferred tax for the period includes origination and reversal of temporary differences, remeasurements of deferred tax balances and adjustments in respect of prior periods. Deferred tax liabilities are recognised for all taxable temporary differences, except: • When the deferred tax liability arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; or • In respect of taxable temporary differences associated with investments in subsidiaries, branches and associates and interests in joint ventures, when the timing of the reversal of the temporary differences can be controlled by the Group and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred tax assets are recognised for all deductible temporary differences, carry forward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences and the carry forward of unused tax credits and unused tax losses can be utilised, except: • When the deferred tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; or • In respect of deductible temporary differences associated with investments in subsidiaries, branches and associates and interests in joint ventures, deferred tax assets are recognised only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred tax assets are reassessed at each reporting date and are recognised to the extent that it has become probable that future taxable profits will allow the deferred tax asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date. Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred taxes relate to the same taxation authority on either the same taxable entity or different taxable entities where there is an intention to settle the balances on a net basis. Income tax is recognised in the consolidated income statement. Income tax is recognised in other comprehensive income or directly in equity to the extent that it relates to items recognised in other comprehensive income or in equity. 2021, 2020 and 2019 results The following table summarises the major components of income tax expense for the periods presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Current tax: Current tax charge 323 230 330 Adjustment in respect of current tax from prior periods (53) 3 (20) Total current tax 270 233 310 Deferred tax: Relating to the origination and reversal of temporary differences 6 (73) 45 Adjustment in respect of deferred income tax from prior periods (9) (6) 6 Relating to changes in tax rates or the imposition of new taxes 127 43 3 Total deferred tax 124 (36) 54 Income tax charge per the consolidated income statement 394 197 364 The following table summarises the taxes on items recognised in other comprehensive income (OCI) and directly within equity for the periods presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Taxes charged/(credited) to OCI: Deferred tax on net gain/loss on revaluation of cash flow hedges 63 (4) 2 Deferred tax on net gain/loss on pension plan remeasurements 63 (16) (12) Current tax on net gain/loss on pension plan remeasurements 1 — — Total taxes charged/(credited) to OCI 127 (20) (10) Taxes charged/(credited) to equity: Deferred tax charge/(credit): share-based compensation (3) 1 (2) Current tax charge/(credit): share-based compensation — (3) (4) Total taxes charged/(credited) to equity (3) (2) (6) The effective tax rate was 28.5%, 28.3% and 25.0% for the years ended 31 December 2021, 31 December 2020 and 31 December 2019, respectively. The parent company of the Group is a UK company. Accordingly, the following tables provide reconciliations of the Group’s income tax expense at the UK statutory tax rate to the actual income tax expense for the periods presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Accounting profit before tax from continuing operations 1,382 695 1,454 Tax expense at the UK statutory rate 262 132 276 Taxation of foreign operations, net (A) 72 23 89 Non-deductible expense items for tax purposes 2 6 4 Rate and law change impact, net (B)(C)(D) 127 43 3 Deferred taxes not recognised (7) (4) 6 Adjustment in respect of prior periods (E) (62) (3) (14) Total provision for income taxes 394 197 364 (A) This reflects the impact, net of income tax contingencies, of having operations outside the UK, which are taxed at rates other than the statutory UK rate of 19% (2020: 19%, 2019: 19%). In prior periods, this included the benefit of some income being fully or partially exempt from income taxes due to various operating and financing activities. (B) In 2021, the UK enacted a law change that increased its tax rate to 25% with effect from 1 April 2023. The Group recognised a deferred tax expense of €123 million to reflect the impact of this change. (C) In 2021, the Netherlands enacted a law change that increased its tax rate to 25,8% with effect from 1 January 2022. The Group recognised a deferred tax expense of €2 million to reflect the impact of this change. (D) In 2021, Indonesia enacted a law change that retained its tax rate of 22% with effect from 1 January 2022, reversing a previously enacted decrease to 20%. The Group recognised a deferred tax expense of €2 million to reflect the impact of this change. (E) In 2021, the prior year adjustment is principally due to the reassessment of our uncertain tax positions and release of tax reserves that are no longer required primarily due to expiration of statute of limitations. Deferred income taxes The following table summarises the movements in the carrying amounts of deferred tax liabilities and assets by significant component during the periods presented: Franchise and other intangible assets Property, plant and equipment Financial assets and liabilities Tax losses Employee and retiree benefit accruals Tax credits Other, net Total, net € million € million € million € million € million € million € million € million As at 31 December 2019 1,966 224 7 (4) (59) (3) 45 2,176 Amount charged/(credited) to income statement (excluding effect of tax rate changes) (9) (40) (8) (2) (14) (7) 1 (79) Effect of tax rate changes on income statement 39 4 — — (1) — 1 43 Amounts charged/(credited) directly to OCI — — (4) — (16) — — (20) Amount charged/(credited) to equity — — — — 1 — — 1 Effect of movements in foreign exchange (14) (1) (1) — — — 2 (14) As at 31 December 2020 1,982 187 (6) (6) (89) (10) 49 2,107 Amount charged/(credited) to income statement (excluding effect of tax rate changes) 1 2 (1) (4) 8 (2) (7) (3) Effect of tax rate changes on income statement 106 8 1 — 12 — — 127 Amounts charged/(credited) directly to OCI — — 63 — 63 — — 126 Amount charged/(credited) to equity — — — — (3) — — (3) Acquired through business combinations 1,174 51 (19) (4) (6) — (20) 1,176 Effect of movements in foreign exchange 22 3 (2) — 1 — 3 27 As at 31 December 2021 3,285 251 36 (14) (14) (12) 25 3,557 The total net deferred tax liability of €3,557 million at 31 December 2021 is presented in the consolidated statement of financial position as deferred tax assets of €60 million and deferred tax liabilities of €3,617 million. This includes net deferred tax liabilities of €1,176 million related to the Acquisition. Other net deferred tax liabilities as at 31 December 2021 include a €33 million liability arising on assets capitalised under IFRS but expensed for tax, and a €22 million liability related to purchase accounting on earlier transactions in an acquired entity. Unrecognised tax items The utilisation of tax losses and temporary differences carried forward, for which no deferred tax asset is currently recognised, is subject to the resolution of tax authority enquiries and the achievement of positive income in periods which are beyond the Group’s current business plan, and therefore this utilisation is uncertain. In respect of unused tax losses and other attributes carried forward, deferred tax assets of €466 million, €463 million and €493 million have not been recognised as at 31 December 2021, 31 December 2020 and 31 December 2019, respectively. As at 31 December 2021, the net recognised tax losses carried forward totalled €14 million. Of these, €2 million expire between 2026 and 2029. As at 31 December 2021, the Group recognised tax credits carried forward totalling As at 31 December 2021, no deferred tax liability has been recognised in respect of €207 million of unremitted earnings in subsidiaries, associates and joint ventures. Tax provisions The Group is routinely under audit by tax authorities in the ordinary course of business. Due to their nature, such proceedings and tax matters involve inherent uncertainties including, but not limited to, court rulings, settlements between affected parties and/or governmental actions. The probability of outcome is assessed and accrued as a liability and/or disclosed, as appropriate. The Group maintains provisions for uncertainty relating to these tax matters that it believes appropriately reflect its risk. As at 31 December 2021, €138 million of these provisions is included in current tax liabilities and the remainder is included in non-current tax liabilities. The Group reviews the adequacy of these provisions at the end of each reporting period and adjusts them based on changing facts and circumstances. Due to the uncertainty associated with tax matters, it is possible that at some future date, liabilities resulting from audits or litigation could vary significantly from the Group’s provisions. The Group has received tax assessments in certain jurisdictions for potential tax related to the Group’s purchases of concentrate. The value of the Group’s concentrate purchases is significant, and therefore, the tax assessments are substantial. The Group strongly believes the application of tax has no technical merit based on applicable tax law, and its tax position would be sustained. Accordingly, the Group has not recorded a tax liability for these assessments, and is vigorously defending its position against these assessments.

Share-based payment plans

Share-based payment plans	12 Months Ended
	Dec. 31, 2021
Share-Based Payment Arrangements [Abstract]
Share-based payment plans	Share-based payment plans The Group has established share-based payment plans that provide for the granting of share options and restricted stock units, some with performance and/or market conditions, to certain executive and management level employees. These awards are designed to align the interests of its employees with the interests of its shareholders. The Group recognises compensation expense equal to the grant date fair value for all share-based payment awards that are expected to vest. Expense is generally recorded on a straight-line basis over the requisite service period for each separately vesting portion of the award. During the years ended 31 December 2021, 31 December 2020 and 31 December 2019, compensation expense related to our share-based payment plans totalled €17 million, €14 million and €15 million, respectively. Share options Share options (1) are granted with exercise prices equal to or greater than the fair value of the Group’s stock on the date of grant, (2) generally vest in three annual tranches over a period of 36 months and (3) expire 10 years from the date of grant. Generally, when options are exercised, new Shares will be issued rather than issuing treasury Shares, if available. No options were granted during the years ended 31 December 2021, 31 December 2020 and 31 December 2019. All options outstanding as at 31 December 2021, 31 December 2020 and 31 December 2019 were valued and had exercise prices in US dollars. The following table summarises our share option activity for the periods presented: 2021 2020 2019 Shares Average exercise price Shares Average exercise price Shares Average exercise price thousands US$ thousands US$ thousands US$ Outstanding at beginning of year 4,051 31.68 4,815 29.8 6,542 26.51 Granted — — — — — — Exercised (1,290) 26.33 (761) 19.79 (1,722) 17.33 Forfeited, expired or cancelled (3) 19.68 (3) 31.97 (5) 19.23 Outstanding at end of year 2,758 34.19 4,051 31.68 4,815 29.8 Options exercisable at end of year 2,758 34.19 4,051 31.68 4,815 29.8 The weighted average Share price during the years ended 31 December 2021, 31 December 2020 and 31 December 2019 was US$55.68, US$42.71 and US$52.73, respectively. The following table summarises the weighted average remaining life of options outstanding for the periods presented: 2021 2020 2019 Range of exercise prices Options Weighted Options Weighted Options Weighted US$ thousands years thousands years thousands years 15.01 to 25.00 151 0.85 931 1.75 1,681 2.31 25.01 to 40.00 2,607 3.04 3,120 3.85 3,134 4.59 Total 2,758 2.92 4,051 3.37 4,815 3.79 Restricted Stock Units (RSUs) and Performance Share Units (PSUs) RSU awards entitle the participant to accrue dividends, which are paid in cash only if the RSUs vest. They do not have voting rights. Upon vesting, the participant is granted one Share for each RSU. They generally vest subject to continued employment for a period of 36 months. Unvested RSUs are restricted as to disposition and subject to forfeiture. There were 0.1 million, 0.2 million and 0.3 million unvested RSUs outstanding with a weighted average grant date fair value of US$43.29, US$41.77 and US$42.06 as at 31 December 2021, 31 December 2020 and 31 December 2019, respectively. PSU awards entitle the participant to the same benefits as RSUs. They generally vest subject to continued employment for a period of 36 months and the attainment of certain performance targets. There were 1.3 million, 1.1 million and 1.2 million of unvested PSUs with weighted average grant date fair values of US$43.07, US$40.45 and US$42.53 outstanding as at 31 December 2021, 31 December 2020 and 31 December 2019, respectively. The PSUs granted in 2019 are subject to two equally weighted performance conditions: compound annual growth rate of earnings per share (EPS), and return on invested capital (ROIC), both measured over a three year period. The PSUs granted in 2020 and 2021 are subject to performance condition of absolute EPS and ROIC, each with a 42.5% weighting. An additional sustainability metric, focused on the reduction of greenhouse gas emissions (CO2e) across our entire value chain, was included for PSUs 2020 and 2021, with a 15% weighting. As a result of COVID-19 and the Acquisition, the performance conditions of 2020 PSUs in respect of EPS and ROIC were modified during the year. All other terms and conditions remain unchanged. The modification did not result in any change of fair value of the awards. For the 2019 PSUs, subsequent to year end, the Remuneration Committee considered a holistic assessment of performance over the three year performance period and elected to exercise discretion for the final vesting level. Key assumptions for grant date fair value The following table summarises the weighted average grant date fair values per unit: Restricted Stock Units and Performance Share Units 2021 2020 Grant date fair value - service conditions (US$) 47.77 34.45 Grant date fair value - service and performance conditions (US$) 47.68 33.46

Provisions, contingencies and c

Provisions, contingencies and commitments	12 Months Ended
	Dec. 31, 2021
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract]
Provisions, contingencies and commitments	Provisions, contingencies and commitments Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. When some or all of a provision is expected to be reimbursed, the reimbursement is recognised as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is presented in the consolidated income statement, net of any reimbursement. Asset retirement obligations are estimated at the inception of a lease or contract, for which a liability is recognised. A corresponding asset is also created and depreciated. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost. Provisions The following table summarises the movement in each class of provision for the periods presented: Restructuring provision Decommissioning provision Other provisions (A) Total € million € million € million € million As at 31 December 2019 168 17 11 196 Charged/(credited) to profit or loss: Additional provisions recognised 242 — 4 246 Unused amounts reversed (7) — — (7) Utilised during the period (193) — (1) (194) Translation (2) (2) — (4) As at 31 December 2020 208 15 14 237 Acquisition of CCL 9 — — 9 Charged/(credited) to profit or loss: Additional provisions recognised 93 6 5 104 Unused amounts reversed (13) — (2) (15) Utilised during the period (192) (1) (6) (199) Translation (2) — — (2) As at 31 December 2021 103 20 11 134 Non-current 22 20 6 48 Current 81 — 5 86 As at 31 December 2021 103 20 11 134 (A) Other provisions primarily relate to property tax assessment provisions and legal reserves and are not considered material to the consolidated financial statements. Restructuring provision Restructuring provisions are recognised only when the Group has a constructive obligation, which is when a detailed formal plan identifies the business or part of the business concerned, the location and number of employees affected, a detailed estimate of the associated costs and an appropriate timeline, and the employees affected have been notified of the plan’s main features. These provisions are expected to be resolved by the time the related programme is substantively complete. Refer to Note 18 for further details regarding our restructuring programmes, including expected completion date, total costs incurred and expected costs to be incurred. Decommissioning provisions Decommissioning liabilities relate to contractual or legal obligations to pay for asset retirement costs. The liabilities represent both the reinstatement obligations when the Group is contractually obligated to pay for the cost of retiring leased buildings and the costs for collection, treatment, reuse, recovery and environmentally sound disposal of cold drink equipment. Specific to cold drink equipment obligations, the Group is subject to, and operates in accordance with, the EU Directive on Waste Electrical and Electronic Equipment (WEEE). Under the WEEE, companies that put electrical and electronic equipment (such as cold drink equipment) on the EU market are responsible for the costs of collection, treatment, recovery and disposal of their own products. Where applicable, the WEEE provision estimate is calculated using assumptions including disposal cost per unit, average equipment age and the inflation rate, to determine the appropriate accrual amount. The period over which the decommissioning liabilities on leased buildings and cold drink equipment will be settled ranges from 1 to 30 years and 2 to 9 years, respectively. Contingencies Legal proceedings and tax matters The Group is involved in various legal proceedings and tax matters and is routinely under audit by tax authorities in the ordinary course of business. Due to their nature, such legal proceedings and tax matters involve inherent uncertainties including, but not limited to, court rulings, settlements between affected parties and/or governmental actions. The probability of loss for such contingencies is assessed and accrued as a liability and/or disclosed, as appropriate. On 24 July 2020, a CCL subsidiary Associated Products & Distribution Proprietary Limited (APD), was joined to proceedings in the Supreme Court of Queensland between a Glencore joint venture and the State of Queensland, whereby APD’s entitlement to royalties, from its sub-surface strata and associated mineral rights, has been challenged by the State of Queensland. Since 2014, the Group has received approximately €50 million in royalties. Since the proceedings commenced in 2020, royalty payments have been paid directly to court. The proceedings remain ongoing and the Group intends to defend the matter robustly. Guarantees In connection with ongoing litigation in certain territories, guarantees of approximately €340 million have been issued. The Group was required to issue these guarantees to satisfy potential obligations arising from such litigation. In addition, we have approximately €35 million of guarantees issued to third parties through the normal course of business. The guarantees have various terms, and the amounts represent the maximum potential future payments that we could be required to make under the guarantees. No significant additional liabilities in the accompanying consolidated financial statements are expected to arise from guarantees issued. Commitments Commitments beyond 31 December 2021 are disclosed herein but not accrued for within the consolidated statement of financial position. Purchase agreements Total purchase commitments were €0.2 billion as at 31 December 2021. This amount represents non-cancellable purchase agreements with various suppliers that are enforceable and legally binding, and that specify a fixed or minimum quantity that we must purchase. All purchases made under these agreements have standard quality and performance criteria. In addition to these amounts, the Group has outstanding capital expenditure purchase orders of approximately €95 million as at 31 December 2021. The Group also has other purchase orders raised in the ordinary course of business which are settled in a reasonably short period of time. Lease agreements As at 31 December 2021, the Group had committed to a number of lease agreements that have not yet commenced. The minimum lease payments for these lease agreements totalled €40 million.

Other current assets and assets

Other current assets and assets held for sale	12 Months Ended
	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Other current assets and assets held for sale	Other current assets and assets held for sale Other current assets The following table summarises the Group’s other current assets as at the dates presented: 31 December 2021 31 December 2020 Other current assets € million € million Prepayments 101 61 VAT receivables 16 34 Miscellaneous receivables 154 109 Total other current assets 271 204 Assets held for sale Non-current assets, or disposal groups comprising assets and liabilities, are classified as held for sale if it is highly probable that they would be recovered through sale rather than continuous use. In order for a sale to be considered highly probable, all of the following criteria needs to be met: management is committed to a plan to sell the assets, an active programme to locate a buyer and complete the plan has been initiated, the assets are actively marketed at reasonable price, and the sale is expected to be completed within one year from the date of classification. Such assets, or disposal groups, are generally measured at the lower of their carrying amount and fair value less cost to sale. Once classified as held for sale, intangible assets and property, plant and equipment are no longer amortised or depreciated, and any equity accounted investee is no longer equity accounted. Other non-current assets The following table summarises the Group’s other non-current assets as at the dates presented: 31 December 2021 31 December 2020 Other non-current assets € million € million VAT receivables 214 208 Retirement benefit surplus (Note 16) 194 43 Investments 40 26 Other 86 60 Total other non-current assets 534 337 VAT receivables As at 31 December 2021, included within other non-current assets, the Group has a VAT receivable of €214 million, relating to the dispute that began in 2014 between the Spanish tax authorities and the regional tax authorities of Bizkaia (Basque Region) as to the responsibility for refunding the VAT to CCEP. Under relevant tax laws in Spain, conflicts between jurisdictions are ruled by a special Arbitration Board and the refund of the VAT is mandated following the resolution of the issue at the Arbitration Board. However, to date, the Arbitration Board has not ruled on the issue and Spanish legislation offers limited mechanisms for a taxpayer to force the expedition of matters before the Arbitration Board. The outstanding VAT receivable as at 31 December 2021 remains classified as non-current due to the continued delay in the resolution of the matter by the Arbitration Board. We believe it remains a certainty that the amount due plus interest will be refunded to CCEP once the Arbitration Board rules. Investments Joint ventures are undertakings in which the Group has an interest and which are jointly controlled by the Group and one or more other parties. Associates are undertakings where the Group has an investment in which it does not have control or joint control but can exercise significant influence. Interests in joint ventures and associates are accounted for using the equity method and are stated in the consolidated balance sheet at cost, adjusted for the movement in the Group’s share of their net assets and liabilities. The Group’s share of the profit or loss after tax of joint ventures and associates is included in the Group’s consolidated income statement as non-operating items. Where the Group’s share of losses exceeds its interest in the equity accounted investee, the carrying amount of the investment is reduced to zero and the recognition of further losses is discontinued, except to the extent that the Group has an obligation to make payments on behalf of the investee. Financial assets at fair value through Other Comprehensive Income relate to equity investments. These investments are not held by for trading purposes and hence the Group has opted to recognise fair value movements through other comprehensive income. There have been no changes in fair value of these investments during the period. The following table summarises the Group’s carrying value of investments as at the dates presented: 31 December 2021 31 December 2020 Investments € million € million Investments accounted using equity method 35 26 Financial assets at fair value through Other Comprehensive Income 5 — Total investments 40 26

Other current assets

Other current assets	12 Months Ended
	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Other current assets and assets held for sale	Other current assets and assets held for sale Other current assets The following table summarises the Group’s other current assets as at the dates presented: 31 December 2021 31 December 2020 Other current assets € million € million Prepayments 101 61 VAT receivables 16 34 Miscellaneous receivables 154 109 Total other current assets 271 204 Assets held for sale Non-current assets, or disposal groups comprising assets and liabilities, are classified as held for sale if it is highly probable that they would be recovered through sale rather than continuous use. In order for a sale to be considered highly probable, all of the following criteria needs to be met: management is committed to a plan to sell the assets, an active programme to locate a buyer and complete the plan has been initiated, the assets are actively marketed at reasonable price, and the sale is expected to be completed within one year from the date of classification. Such assets, or disposal groups, are generally measured at the lower of their carrying amount and fair value less cost to sale. Once classified as held for sale, intangible assets and property, plant and equipment are no longer amortised or depreciated, and any equity accounted investee is no longer equity accounted. Other non-current assets The following table summarises the Group’s other non-current assets as at the dates presented: 31 December 2021 31 December 2020 Other non-current assets € million € million VAT receivables 214 208 Retirement benefit surplus (Note 16) 194 43 Investments 40 26 Other 86 60 Total other non-current assets 534 337 VAT receivables As at 31 December 2021, included within other non-current assets, the Group has a VAT receivable of €214 million, relating to the dispute that began in 2014 between the Spanish tax authorities and the regional tax authorities of Bizkaia (Basque Region) as to the responsibility for refunding the VAT to CCEP. Under relevant tax laws in Spain, conflicts between jurisdictions are ruled by a special Arbitration Board and the refund of the VAT is mandated following the resolution of the issue at the Arbitration Board. However, to date, the Arbitration Board has not ruled on the issue and Spanish legislation offers limited mechanisms for a taxpayer to force the expedition of matters before the Arbitration Board. The outstanding VAT receivable as at 31 December 2021 remains classified as non-current due to the continued delay in the resolution of the matter by the Arbitration Board. We believe it remains a certainty that the amount due plus interest will be refunded to CCEP once the Arbitration Board rules. Investments Joint ventures are undertakings in which the Group has an interest and which are jointly controlled by the Group and one or more other parties. Associates are undertakings where the Group has an investment in which it does not have control or joint control but can exercise significant influence. Interests in joint ventures and associates are accounted for using the equity method and are stated in the consolidated balance sheet at cost, adjusted for the movement in the Group’s share of their net assets and liabilities. The Group’s share of the profit or loss after tax of joint ventures and associates is included in the Group’s consolidated income statement as non-operating items. Where the Group’s share of losses exceeds its interest in the equity accounted investee, the carrying amount of the investment is reduced to zero and the recognition of further losses is discontinued, except to the extent that the Group has an obligation to make payments on behalf of the investee. Financial assets at fair value through Other Comprehensive Income relate to equity investments. These investments are not held by for trading purposes and hence the Group has opted to recognise fair value movements through other comprehensive income. There have been no changes in fair value of these investments during the period. The following table summarises the Group’s carrying value of investments as at the dates presented: 31 December 2021 31 December 2020 Investments € million € million Investments accounted using equity method 35 26 Financial assets at fair value through Other Comprehensive Income 5 — Total investments 40 26

Financial risk management

Financial risk management	12 Months Ended
	Dec. 31, 2021
Financial Instruments [Abstract]
Financial risk management	Financial risk management Financial risk factors, objectives and policies The Group’s activities expose it to several financial risks including market risk, credit risk and liquidity risk. Financial risk activities are governed by appropriate policies and procedures to minimise the uncertainties these risks create on the Group’s future cash flows. Such policies are developed and approved by the Group’s treasury and commodities risk committee, through the authority delegated to it by the Board. Market risk Market risk represents the risk that the fair value of future cash flows of a financial instrument will fluctuate due to changes in market prices and includes interest rate risk, currency risk and other price risk such as commodity price risk. Market risk affects outstanding borrowings, as well as derivative financial instruments. Interest rates The Group is subject to interest rate risk for its outstanding borrowings. To manage interest rate risk, the Group maintains a significant proportion of its borrowings at fixed rates. Approximately 95% and 95% of the Group’s interest bearing borrowings were comprised of fixed rate borrowings at 31 December 2021 and 31 December 2020, respectively. As part of the Acquisition, the Group acquired interest rate swaps used to hedge its interest rate risk associated with CCL related borrowings. As at 31 December 2021, the notional value of the Group’s interest rate swaps was €291 million. If interest rates on the Group’s floating rate debt were adjusted by 1% for the years ended 31 December 2021, 31 December 2020 and 31 December 2019, the Group’s finance costs and pre-tax equity would change on an annual basis by approximately €7 million, €2 million and €4 million, respectively. This amount is determined by calculating the effect of a hypothetical interest rate change on the Group’s floating rate debt. This estimate does not include the effects of other actions to mitigate this risk or changes in the Group’s financial structure. Currency exchange rates The Group’s exposure to the risk of changes in currency exchange rates relates primarily to its operating activities denominated in currencies other than the functional currency, Euro. To manage currency exchange risk arising from future commercial transactions and recognised monetary assets and liabilities, foreign currency forward and option contracts with external third parties are used. Typically, up to 80% of anticipated cash flow exposures in each major foreign currency for the next calendar year are hedged using a combination of forward and option contracts with third parties. The Group is also exposed to the risk of changes in currency exchange rates between US dollar and Euro relating to its US denominated borrowings. The following table demonstrates the sensitivity of the Group’s profit before income taxes and pre-tax equity as a result of changes in the value of outstanding debt instruments due to reasonable movements in the US dollar against the Euro, with all other variables held constant. This does not take into account the effects of derivative instruments used to manage exposure to this risk. Movements in foreign currencies related to the Group’s other financial instruments do not have a material impact on profit before income taxes or pre-tax equity. As part of the Acquisition, the Group acquired borrowings denominated in Australian dollars, and borrowings denominated in other currencies swapped into Australian dollars using cross currency swaps. These Australian borrowings are not currently swapped into Euro and are translated as part of the currency translation of the net assets of the API business units. Change in currency rate € strengthens against US$ € weakens against US$ Effect on profit before tax and pre-tax equity % € million € million Year ended 31 December 2021 10 176 (176) Year ended 31 December 2020 10 33 (36) Year ended 31 December 2019 10 87 (95) Commodity price risk The competitive marketplace in which the Group operates may limit its ability to recover increased costs through higher prices. As such, the Group is subject to market risk with respect to commodity price fluctuations, principally related to its purchases of aluminium, PET (plastic, including recycled PET, LDPE), ethylene, sugar and vehicle fuel. When possible, exposure to this risk is managed primarily through the use of supplier pricing agreements, which enable the Group to establish the purchase price for certain commodities. Certain suppliers restrict the Group’s ability to hedge prices through supplier agreements. As a result, commodity hedging programmes are entered into and generally designated as hedging instruments. Refer to Note 13 for more information. Typically, up to 80% of the anticipated commodity transaction exposures for the next calendar year are hedged using a combination of forward and option contracts executed with third parties. The Group estimates that a 10% change in the market price of these commodities over the current market prices would affect operating profit during the next 12 months by approximately €116 million. This does not take into account the effects of derivative instruments used to manage exposure to this risk or pricing agreements in place. Credit risk The Group is exposed to counterparty credit risk on all of its derivative financial instruments. Strict counterparty credit guidelines are maintained and only financial institutions that are investment grade or better are acceptable counterparties. Counterparty credit risk is continuously monitored and numerous counterparties are used to minimise exposure to potential defaults. Where required collateral is paid between the counterparties to minimise counterparty risk. The maximum credit risk exposure for each derivative financial instrument is the carrying amount of the derivative. Included in trade and other payables is €46 million (2020: nil) related to collateral received from counterparties and included in other current assets is €4 million (2020: nil) related to collateral paid to counterparties. Credit is extended in the form of payment terms for trade to customers of the Group, consisting of retailers, wholesalers and other customers, generally without requiring collateral, based on an evaluation of the customer’s financial condition. While the Group has a concentration of credit risk in the retail sector, this risk is mitigated due to the diverse nature of the customers the Group serves, including, but not limited to, their type, geographic location, size and beverage channel. Depending on the risk profile of certain customers, we may also seek bank guarantees. Collections of receivables are dependent on each individual customer’s financial condition and sales adjustments granted. Trade accounts receivable are carried at net realisable value. Typically, accounts receivable have terms of 30 to 60 days and do not bear interest. Exposure to losses on receivables is monitored, and balances are adjusted for expected credit losses. Expected credit losses are determined by: (1) evaluating the ageing of receivables; (2) analysing the history of adjustments; and (3) reviewing high risk customers. Credit insurance on a portion of the accounts receivable balance is also carried. Liquidity risk Liquidity risk is actively managed to ensure that the Group has sufficient funds to satisfy its commitments. The Group’s sources of capital include, but are not limited to, cash flows from operations, public and private issuances of debt and equity securities and bank borrowings. The Group believes its operating cash flow, cash on hand and available short-term and long-term capital resources are sufficient to fund its working capital requirements, scheduled borrowing payments, interest payments, capital expenditures, benefit plan contributions, income tax obligations and dividends to its shareholders. Counterparties and instruments used to hold cash and cash equivalents are continuously assessed, with a focus on preservation of capital and liquidity. Based on information currently available, the Group does not believe it is at significant risk of default by its counterparties. The Group has amounts available for borrowing under a €1.95 billion multi currency credit facility (2020: €1.50 billion) with a syndicate of 13 banks. This credit facility matures in 2025 and is for general corporate purposes, including serving as a backstop to its commercial paper programme and supporting the Group’s working capital needs. Based on information currently available, the Group has no indication that the financial institutions participating in this facility would be unable to fulfil their commitments as at the date of these financial statements. The current credit facility contains no financial covenants that would impact the Group’s liquidity or access to capital. As at 31 December 2021, the Group had no amounts drawn under this credit facility. The following table analyses the Group’s non-derivative financial liabilities and net settled derivative financial liabilities into relevant maturity groupings based on the remaining period at the statement of financial position date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows: Total Less than 1 year 1 to 3 years 3 to 5 years More than 5 years Financial liabilities € million € million € million € million € million 31 December 2021 Trade and other payables 3,933 3,933 — — — Amounts payable to related parties 210 210 — — — Borrowings 13,599 1,369 2,551 2,274 7,405 Derivatives 66 19 4 15 28 Lease liabilities 714 145 208 111 250 Total financial liabilities 18,522 5,676 2,763 2,400 7,683 31 December 2020 Trade and other payables 2,356 2,356 — — — Amounts payable to related parties 181 181 — — — Borrowings 7,323 798 1,207 970 4,348 Derivatives 77 62 15 — — Lease liabilities 383 100 128 56 99 Total financial liabilities 10,320 3,497 1,350 1,026 4,447 Capital management The primary objective of the Group’s capital management is to ensure a strong credit rating and appropriate capital ratios are maintained to support the Group’s business and maximise shareholder value. The Group’s credit ratings are periodically reviewed by rating agencies. Currently, the Group’s long-term ratings from Moody’s and Fitch are Baa1 and BBB+, respectively. Changes in the operating results, cash flows or financial position could impact the ratings assigned by the various rating agencies. The credit rating can be materially influenced by a number of factors including, but not limited to, acquisitions, investment decisions, capital management activities of TCCC and/or changes in the credit rating of TCCC. Should the credit ratings be adjusted downward, the Group may incur higher costs to borrow, which could have a material impact on the financial condition and results of operations. The capital structure is managed and, as appropriate, adjustments are made in light of changes in economic conditions and the Group’s financial policy. The Group monitors its operating performance in the context of targeted financial leverage by comparing the ratio of net debt with adjusted EBITDA. Net debt is calculated as being the net of cash and cash equivalents, short term investments, borrowings, fair value of hedging instruments related to borrowings and financial assets/liabilities related to borrowings. Adjusted EBITDA is calculated as EBITDA and adjusting for items impacting comparability. Refer to Note 12 for the presentation of fair values for each class of financial assets and financial liabilities and Note 13 for an outline of how the Group utilises derivative financial instruments to mitigate its exposure to certain market risks associated with its ongoing operations. Refer to the Strategic Report included within this Integrated Report for disclosure of strategic, commercial and operational risk relevant to the Group.

Significant events after the re

Significant events after the reporting period	12 Months Ended
	Dec. 31, 2021
Events After Reporting Period [Abstract]
Significant events after the reporting period	Significant events after the reporting period In January 2022, the Group repaid prior to maturity €700 million of outstanding euro denominated borrowings (€700 million 0.75% Notes 2022) due in February 2022. In February 2022, the Group entered into asset sale arrangements with TCCC pursuant to which, the Group agreed to sell certain non-alcoholic ready to drink brands predominantly available in Australia and New Zealand, that were acquired as part of the Acquisition, for a total consideration approximating A$275 million. These brands are classified as assets held for sale in our consolidated statement of financial position as at 31 December 2021 (Refer to Note 24). We expect to substantially complete the transaction during the first half of 2022. The Group is also in a process of executing commercial agreements with TCCC to facilitate ongoing manufacturing, distributing and/or selling activities pertaining to these brands. Subsequent to the balance sheet date, we have seen significant macro-economic uncertainty as a result of the conflict in Ukraine. The scale and duration remains uncertain and could impact our earnings and cash flow.

Group companies

Group companies	12 Months Ended
	Dec. 31, 2021
Interest In Other Entities [Abstract]
Group companies	Group companies In accordance with section 409 of the Companies Act 2006, a full list of the Company’s subsidiaries, partnerships, associates, joint ventures and joint arrangements as at 31 December 2021 is disclosed below, along with the country of incorporation, the registered address and the effective percentage of equity owned at that date. Unless otherwise stated, each entity has a share capital comprising a single class of ordinary shares and is wholly owned and indirectly held by CCEP plc. Name Country of incorporation % equity interest Registered address Agua De La Vega Del Codorno, S.L.U. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Aguas De Cospeito, S.L.U. Spain 100% Crta. Pino km. 1 - 2, 27377, Cospeito (Lugo), Spain Aguas De Santolin, S.L.U. Spain 100% C/ Real, s/n 09246, Quintanaurria (Burgos) Aguas Del Maestrazgo, S.L.U. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Aguas Del Toscal, S.A.U. Spain 100% Ctra. de la Pasadilla, km. 3- 35250, ingenio (Gran Canaria) Aguas Vilas Del Turbon, S.L.U. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Aitonomi AG Switzerland 15% Rue Technopôle 10, 3960 Sierre Amalgamated Beverages Great Britain Limited United Kingdom 100% (D) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Apand Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Associated Products & Distribution Proprietary Australia 100% (D) Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Australian Beer Company Pty Ltd Australia 50% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia BBH Investment Ireland Limited Ireland 100% 6th Floor, 2 Grand Canal Square (Dublin 2) Bebidas Gaseosas Del Noroeste, S.L.U. Spain 100% Avda.Alcalde Alfonso Molina, s/n- 15007 (A Coruña) Beganet, S.L.U. Spain 100% Avda Paisos Catalans, 32 – 08950 (Esplugues de Llobregat) Beverage Bottlers (NQ) Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Beverage Bottlers (QLD) Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Birtingahúsið ehf. Iceland 35% Laugavegur 174, 105, (Reykjavík) BL Bottling Holdings UK Limited United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Bottling Great Britain Limited United Kingdom 100% (D) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Bottling Holding France SAS France 100% 9, chemin de Bretagne, 92784 (Issy-les-Moulineaux) Bottling Holdings (Luxembourg) SARL Luxembourg 100% 2, Rue des Joncs, L-1818, Howald Bottling Holdings (Netherlands) B.V. Netherlands 100% Marten Meesweg 25J, 3068 AV Rotterdam Name Country of incorporation % equity interest Registered address Bottling Holdings Europe Limited United Kingdom 100% (B)(E) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Brewcorp Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Brewhouse Investments Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia C - C Bottlers Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Can Recycling (S.A.) Pty. Ltd. Australia 100% (B) Level 13, 40 Mount Street, North Sydney NSW 2060, Australia CC Digital GmbH Germany 50% Stralauer Allee 4, 10245 (Berlin) CC Erfrischungsgetränke Oldenburg Verwaltungs GmbH Germany 100% Stralauer Allee 4, 10245 (Berlin) CC Iberian Partners Gestion S.L. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) CC Verpackungsgesellschaft mit beschraenkter Haftung Germany 100% Schieferstraße 20 06126 Halle (Saale) CCA Bayswater Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia CCEP Australia Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia CCEP Finance (Australia) Limited United Kingdom 100% (A) Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom CCEP Finance (Ireland) Designated Activity Company Ireland 100% 6th Floor, 2 Grand Canal Square, Dublin 2, Ireland CCEP Group Services Ltd United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ CCEP Holdings (Australia) Limited United Kingdom 100% (A)(D) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ CCEP Holdings (Australia) Pty Ltd Australia 100% (A) Level 13, 40 Mount Street, North Sydney NSW 2060, Australia CCEP Holdings Norge AS Norway 100% Robsrudskogen 5, 1470 (Lørenskog) CCEP Holdings Sverige AB Sweden 100% Dryckesvägen 2 C, 136 87 (Haninge) CCEP Holdings UK Limited United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ CCEP Ventures Australia Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia CCEP Ventures Europe Limited United Kingdom 100% (A) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ CCEP Ventures UK Limited United Kingdom 100% (A) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ CCEP Scottish Limited Partnership United Kingdom 100% 52 Milton Road, East Kilbride, Glasgow, Scotland, G74 5DJ CCIP Soporte, S.L.U. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Circular Plastics Australia (PET) Holdings Pty Ltd Australia 16.67% Building 3, 658 Church Street, Cremorne VIC 3121 Classic Brand (Europe) Designated Activity Company Ireland 100% 4th Floor, 25-28 Adelaide Road, D02 RY98 (Dublin 2) Cobega Embotellador, S.L.U. Spain 100% Avda Paisos Catalans, 32 – 08950 (Esplugues de Llobregat) Coca-Cola Amatil (UK) Limited United Kingdom 50% (I) 1 Bartholomew Lane, London, EC2N 2AX, United Kingdom Coca-Cola Europacific Investments (Singapore) Pte. Ltd. Singapore 100% 80 Robinson Road, #02-00, 068898, Singapore Name Country of incorporation % equity interest Registered address Coca-Cola Europacific Partners (CDE Aust) Pty Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Coca-Cola Europacific Partners (Fiji) Pte Limited Fiji 100% Lot 1, Ratu Dovi Road, Laucala Beach Estate, NASINU, Fiji Coca-Cola Europacific Partners (Holdings) Pty Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Coca-Cola Europacific Partners (Initial LP) Limited United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Coca-Cola Europacific Partners (Scotland) Limited United Kingdom 100% 52 Milton Road, College Milton, East Kilbride, Scotland, G74 5DJ, Coca-Cola Europacific Partners API Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Coca-Cola Europacific Partners Australia Pty Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Coca-Cola Europacific Partners Belgium SRL/BV Belgium 100% Chaussée de Mons 1424, 1070 (Brussels) Coca-Cola Europacific Partners Deutschland GmbH Germany 100% (F) Stralauer Allee 4, 10245 (Berlin) Coca-Cola Europacific Partners France SAS France 100% (G) 9, chemin de Bretagne, 92784 (Issy-les-Moulineaux) Coca-Cola Europacific Partners Great Britain Limited United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Coca-Cola Europacific Partners Holdings Great Britain Limited United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Coca-Cola Europacific Partners Holdings NZ Limited New Zealand 100% The Oasis, 19 Carbine Road, Mount Wellington, Auckland, 1060, New Zealand Coca-Cola Europacific Partners Holdings US, Inc. United States 100% (A)(D) Corporation Trust Center, 1209 Orange Street, Wilmington 19801 (Delaware) Coca-Cola Europacific Partners Iberia, S.L.U. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Coca-Cola Europacific Partners Ísland ehf. Iceland 100% Studlahals 1, 110 (Reykjavik) Coca-Cola Europacific Partners Luxembourg sàrl Luxembourg 100% 2, Rue des Joncs, L-1818, Howald Coca-Cola Europacific Partners Nederland B.V. Netherlands 100% Marten Meesweg 25J, 3068 AV Rotterdam Coca-Cola Europacific Partners New Zealand Limited New Zealand 100% The Oasis, 19 Carbine Road, Mount Wellington, Auckland, 1060, New Zealand Coca-Cola Europacific Partners Norge AS Norway 100% Robsrudskogen 5, 1470 (Lørenskog) Coca-Cola Europacific Partners Papua New Guinea Limited Papua New Guinea 100% Section 23, Allotment 14, Milfordhaven Road, LAE, MOROBE PROVINCE, 411 Coca-Cola Europacific Partners Pension Scheme Trustees Limited United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Coca-Cola Europacific Partners Portugal Unipessoal, LDA Portugal 100% Quinta da Salmoura - Cabanas, 2929- 509, Azeitão (Setúbal) Coca-Cola Europacific Partners Services Bulgaria EOOD Bulgaria 100% 48, Sitnyakovo Blvd, Serdika Center, Office Building, floor 5, 1505 (Sofia) Coca-Cola Europacific Partners Services Europe Limited United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Coca-Cola Europacific Partners Services SRL Belgium 100% (C) Chaussée de Mons 1424, 1070 (Brussels) Coca-Cola Europacific Partners Sverige AB Sweden 100% Dryckesvägen 2 C, 136 87 (Haninge) Coca-Cola Europacific Partners US II, LLC United States 100% Corporation Trust Center, 1209 Orange Street, Wilmington 19801 (Delaware) Name Country of incorporation % equity interest Registered address Coca-Cola Europacific Partners US, LLC United States 100% Corporation Trust Center, 1209 Orange Street, Wilmington 19801 (Delaware) Coca-Cola Europacific Partners Vanuatu Limited Vanuatu 100% 1st Floor, Govant Building, Kumul Highway, Port Vila, Vanuatu Coca-Cola Immobilier SCI France 100% (G) 9, chemin de Bretagne, 92784 (Issy-les-Moulineaux) Coca-Cola Production SAS France 100% Zone d’entreprises de Bergues, Commune de Socx, 59380 (Bergues) Coca-Cola Australia Foundation Limited Australia 50% Level 13 , 40 Mount Street , North Sydney NSW 2060 Compañía Asturiana De Bebidas Gaseosas, S.L.U. Spain 100% C/ Nava, 18- 3ª (Granda) Siero - 33006 (Oviedo) Compañía Castellana De Bebidas Gaseosas, S.L. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Compañía Levantina De Bebidas Gaseosas, S.L.U. Spain 100% Av. Real Monasterio de Sta. María de Poblet, 36, 46930 (Quart de Poblet) Compañía Norteña De Bebidas Gaseosas, S.L.U. Spain 100% C/ Ibaizábal, 57 – 48960 Galdakao (Bizkaia) Compañía Para La Comunicación De Bebidas Sin Alcohol, S.L.U. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Container Exchange (QLD) Limited Australia 50% Level 17, 100 Creek Street, Brisbane QLD 4000 Container Exchange (Services) Pty Ltd Australia 50% Maddocks, Angel Place, Level 27, 123 Pitt Street, Sydney NSW 2000 Conversia IT, S.L.U. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Crusta Fruit Juices Proprietary Ltd Australia 100% (J) Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Developed System Logistics, S.L.U. Spain 100% Av. Henry Ford, 25, Manzana 19, Complejo Pq. Ind. Juan Carlos I , 46220 Picassent (Valencia) Endurvinnsaln hf. Iceland 20% Knarravogur 4, 104 Reykjavik Exchange for Change (ACT) Pty Ltd Australia 20% Building C, Suite 6, Level 1, 1 Homebush Bay Drive, Rhodes NSW 2138 Exchange for Change (Australia) Pty Ltd Australia 20% Building C, Suite 6, Level 1, 1 Homebush Bay Drive, Rhodes NSW 2138 Exchange for Change (NSW) Pty Ltd Australia 20% Building C, Suite 6, Level 1, 1 Homebush Bay Drive, Rhodes NSW 2138 Feral Brewing Company Pty Ltd Australia 100% (K) Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Foodl B.V. Netherlands 33% HNK Utrecht West, V.08, Weg der Verenigde Naties 1, 3527 KT Utrecht GR Bottling Holdings UK Limited United Kingdom 100% (A) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Infineo Recyclage SAS France 49% (H) Sainte Marie la Blanche – 21200 (Dijon) Innovative Tap Solutions Inc. United States 25% 310 North Wolf Road, Wheeling, IL 60090, USA Instelling voor Bedrijfspensioenvoorziening Coca-Cola Europacific Partners Belgium/Coca-Cola Europacific Partners Services – Bedienden-Arbeiders OFP Belgium 100% Bergensesteenweg 1424 – 1070 (Brussels) Instelling voor Bedrijfspensioenvoorziening Coca-Cola Europacific Partners Belgium/Coca-Cola Europacific Partners Services – Kaderleden OFP Belgium 100% Bergensesteenweg 1424 – 1070 (Brussels) Iparbal, 99 S.L. Spain 100% C/ Ibaizábal, 57 – 48960 Galdakao (Bizkaia) Name Country of incorporation % equity interest Registered address Iparsoft, 2004 S.L. Spain 100% C/ Ibaizábal, 57 – 48960 Galdakao (Bizkaia) Kollex GmbH Germany 25% Genthiner Straße 32, 10785, Berlin Lavit Holdings Inc United States 14.9% 27 West 20th Street, Suite 1004, New York NY 10011 Lusobega, S.L. Spain 100% C/ Ibaizábal, 57 – 48960 Galdakao (Bizkaia) Madrid Ecoplatform, S.L.U. Spain 100% C/Pedro Lara, 8 Pq. Tecnológico de Leganes- 28919 (Leganes) Mahija Parahita Nusantara Foundation Indonesia 35.3% South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak, South Jakarta Matila Nominees Pty. Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Neverfail Bottled Water Co Pty Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Neverfail SA Pty. Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Neverfail Springwater (VIC) Pty Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Neverfail Springwater Co Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Neverfail Springwater Co. (QLD) Pty. Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Neverfail Springwater Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Neverfail WA Pty. Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Pacbev Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Paradise Beverages (Fiji) Limited Fiji 100% 122-164 Foster Road, Walu Bay, Suva, Fiji PEÑA Umbria S.L.U. Spain 100% Av. Real Monasterio de Sta. María de Poblet,36 – 46930 (Quart de Poblet) Perfect Fruit Company Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia PT Amandina Bumi Nusantara Indonesia 35.3% South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak, South Jakarta , 12430 PT Coca-Cola Bottling Indonesia Indonesia 70.6% (C) South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak, South Jakarta , 12430 PT Coca-Cola Distribution Indonesia Indonesia 70.6% South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak, South Jakarta , 12430 Purna Pty. Ltd. Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Quenchy Crusta Sales Pty. Ltd. Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Real Oz Water Supply Co (QLD) Pty Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Refecon Águas - Sociedade Industrial De Bebidas, Unipessoal, LDA Portugal 100% Quinta da Salmoura - Cabanas-2925-362 Azeitão, Setúbal Refrescos Envasados Del Sur, S.L.U. Spain 100% Autovía del Sur A-IV, km.528- 41309 La Rinconada (Sevilla) Refrige SGPS, Unipessoal, LDA Portugal 100% Quinta da Salmoura - Cabanas-2925-362 Azeitão, Setúbal Roalba, S.L.U. Spain 100% C/ Ibaizábal, 57 – 48960 Galdakao (Bizkaia) Sale Proprietary Co 1 Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Name Country of incorporation % equity interest Registered address Sale Proprietary Co 2 Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Sale Proprietary Co 3 Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Sale Proprietary Co 4 Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Sale Proprietary Co 5 Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Sale Proprietary Co 6 Pty Ltd Australia 100% (D) Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Sale Proprietary Co 7 Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Samoa Breweries Limited Samoa 93.9% Vaitele Industrial Zone, Vaitele Tai, Faleata Sisifo Solares y Edificios Norteños, S.L.U. Spain 100% C/ Ibaizábal, 57 – 48960 Galdakao (Bizkaia) Starstock Group Limited United Kingdom 25.3% Dane Mill, Broadhurst Lane, Congleton, Cheshire, England, CW12 1LA TasRecycle Limited Australia 50% Level 9, 85 Macquarie Street, Hobart TAS 7000 VicRecycle Limited Australia 50% HWL Ebsworth Lawyers, Level 8, 447 Collins Street, Melbourne VIC 3000 WA Return Recycle Renew Ltd Australia 50% Unit 2, 1 Centro Avenue, Subiaco WA 6008 Wabi Portugal, Unipessoal LDA Portugal 100% Nº 16-A, Fracçao B, 5º Piso, Edificio Miraflores Premium Distrito: Lisboa Concelho: Oieras Freguesia: Algés, Linda-a-Velha e Cruz Quebrada-Dafundo 1495 190 Algés. WB Investment Ireland 2 Limited Ireland 100% 6th Floor, 2 Grand Canal Square (Dublin 2) WBH Holdings Luxembourg SCS Luxembourg 100% 2, Rue des Joncs, L-1818, Howald WIH UK Limited United Kingdom 100% (A) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Wir Sind Coca-Cola GmbH Germany 100% Stralauer Allee 4, 10245 (Berlin) (A) 100% equity interest directly held by Coca-Cola Europacific Partners plc. (B) Class A and B ordinary shares. (C) Class A, B and C ordinary shares. (D) Including preference shares issued to the Group. (E) 38.3% equity interest directly held by Coca-Cola Europacific Partners plc (100% of A ordinary shares in issue). (F) 10% equity interest directly held by Coca-Cola Europacific Partners plc. (G) Group shareholding of 99.99% or greater. (H) Class A and B shares. The Group holds 49% of Class B shares. (I) In liquidation (J) Class A and F shares (K) Includes Ordinary shares and B Class shares

General information and basis_2

General information and basis of preparation (Policies)	12 Months Ended
	Dec. 31, 2021
Corporate Information And Statement of IFRS Compliance [Abstract]
Basis of preparation	Basis of preparation These consolidated financial statements of the Group reflect the following: • They have been prepared in accordance with U.K. adopted International Accounting Standards, International Financial Reporting Standards (IFRS) as adopted by the European Union and International Financial Reporting Standards as issued by the International Accounting Standards Board (IASB). • They have been prepared under the historical cost convention, except for certain items measured at fair value. Those accounting policies have been applied consistently in all periods, except for the adoption of new standards and amendments as of 1 January 2021, as described below under accounting policies. • They are presented in euros, which is also the Parent Company’s functional currency and all values are rounded to the nearest € million except where otherwise indicated. • They have been prepared on a going concern basis (refer to page 110).
Basis of consolidation	Basis of consolidation The consolidated financial statements comprise the financial statements of the Group and its subsidiaries. All subsidiaries have accounting years ended 31 December and apply consistent accounting policies for the purpose of the consolidated financial statements. Subsidiary undertakings are consolidated from the date on which control is transferred to the Group and cease to be consolidated from the date on which control is transferred out of the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through the Group’s power to direct the activities of the entity. All intercompany accounts and transactions are eliminated on consolidation. Associates are all entities over which the Group has significant influence but not control, generally accompanying a shareholding of between 20% to 50% of voting rights. Investments in associates are accounted for using the equity method of accounting, after initially being recognised at cost. The Group treats transactions with non-controlling interests that do not result in a loss of control as equity transactions. When the Group loses control over a subsidiary, it derecognizes the related assets (including goodwill), liabilities, The financial results presented herein for the years ended 31 December 2019 and 2020 and for the period from 1 January 2021 through to the Acquisition refer to Legacy CCEP and its consolidated subsidiaries, and the period from the Acquisition to 31 December 2021 refer to the combined financial results of CCEP.
Foreign currency	Foreign currency The individual financial statements of each subsidiary are presented in the currency of the primary economic environment in which the subsidiary operates (its functional currency). For the purpose of the consolidated financial statements, the results and financial position of each subsidiary are expressed in euros. Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are remeasured to the functional currency of the entity at the rate of exchange in effect at the statement of financial position date with the resulting gain or loss recorded in the consolidated income statement. The consolidated income statement includes The assets and liabilities of the Group's foreign operations are translated from local currencies to the euro reporting currency at currency exchange rates in effect at the end of each reporting period. Revenues and expenses are translated at average monthly currency exchange rates, with average rates being a reasonable approximation of the rates prevailing on the transaction dates. Gains and losses from translation are included in other comprehensive income. On disposal of a foreign operation, accumulated exchange differences are recognised as a component of the gain or loss on disposal.
Function currency	Foreign currency The individual financial statements of each subsidiary are presented in the currency of the primary economic environment in which the subsidiary operates (its functional currency). For the purpose of the consolidated financial statements, the results and financial position of each subsidiary are expressed in euros. Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are remeasured to the functional currency of the entity at the rate of exchange in effect at the statement of financial position date with the resulting gain or loss recorded in the consolidated income statement. The consolidated income statement includes The assets and liabilities of the Group's foreign operations are translated from local currencies to the euro reporting currency at currency exchange rates in effect at the end of each reporting period. Revenues and expenses are translated at average monthly currency exchange rates, with average rates being a reasonable approximation of the rates prevailing on the transaction dates. Gains and losses from translation are included in other comprehensive income. On disposal of a foreign operation, accumulated exchange differences are recognised as a component of the gain or loss on disposal.
Reporting periods	Reporting periods In these consolidated financial statements, the Group is reporting the financial results for the years ended 31 December 2021, 31 December 2020 and 31 December 2019.
IFRS 15 “Revenue recognition and deductions from revenue”	The Group derives its revenues by making, selling and distributing ready to drink beverages. The revenue from the sale of products is recognised at the point in time at which control passes to a customer, typically when products are delivered to a customer. A receivable is recognised by the Group at the point in time at which the right to consideration becomes unconditional. The Group uses various promotional programmes under which rebates, refunds, price concessions or similar items can be earned by customers for attaining agreed upon sales levels or for participating in specific marketing programmes. Those promotional programmes do not give rise to a separate performance obligation. Where the consideration the Group is entitled to varies because of such programmes, it is deemed to be variable consideration. The related accruals are recognised as a deduction from revenue and are not considered distinct from the sale of products to the customer. Variable consideration is only included to the extent that it is highly probable that the inclusion will not result in a significant revenue reversal in the future normal commercial terms. Financing elements are not deemed present in our contracts with customers as the sales are made with credit terms not exceeding normal commercial terms. Taxes on sugared soft drinks, excise taxes and taxes on packaging are recorded on a gross basis (i.e. included in revenue) where the Group is the principal in the arrangement. Value added taxes are recorded on a net basis (i.e. excluded from revenue). The Group assesses these taxes and duties on a jurisdiction by jurisdiction basis to conclude on the appropriate accounting treatment.
New and amended standards and interpretation	Interest Rate Benchmark Reform – Phase 2 – amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 The amendments provide temporary reliefs which address the financial reporting effects when an interbank offered rate (IBOR) is replaced with an alternative nearly risk-free interest rate (RFR). The amendments include the following practical expedients: • A practical expedient to require contractual changes, or changes to cash flows that are directly required by the reform, to be treated as changes to a floating interest rate, equivalent to a movement in a market rate of interest; • Permit changes required by IBOR reform to be made to hedge designations and hedge documentation without the hedging relationship being discontinued; and • Provide temporary relief to entities from having to meet the separately identifiable requirement when an RFR instrument is designated as a hedge of a risk component. These amendments had no impact on the consolidated financial statements of the Group. The Group intends to use the practical expedients in future periods if they become applicable. The Group has not early adopted any other standards, interpretations or amendments that have been issued but are not yet effective. These standards, interpretations or amendments are not expected to have a material impact to the Group in the current or future periods and on foreseeable future transactions.
Significant judgements and estimates	Significant judgements and estimates In preparing these consolidated financial statements, management has made judgements and estimates that affect the application of the Group’s accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively. The significant judgements made in applying the Group’s accounting policies were applied consistently across the annual periods. The significant judgements and key sources of estimation uncertainty that have a significant effect on the amounts recognised in these financial statements are outlined below. Significant judgements Intangible assets and goodwill The Group has assigned indefinite lives to its bottling agreements with TCCC. This judgement has been made after evaluating the contractual provisions of the bottling agreements, the Group’s mutually beneficial relationship with TCCC and the history of renewals for bottling agreements. Refer to Note 7 for further details on the judgement regarding the lives of bottling agreements. Significant estimates Acquisition of Coca-Cola Amatil Limited – fair value measurements A determination of the fair value of the assets acquired and liabilities assumed in the Acquisition, and the useful lives of intangible assets and property, plant and equipment acquired is required. This exercise is a substantial undertaking which requires the use of various valuation techniques. Future events could cause underlying assumptions to change which could have a significant impact on the Group’s financial results. Refer to Note 4 for further details regarding the Acquisition, including estimations used in determining the provisional fair values for the acquired assets and liabilities assumed. Impairment of indefinite lived intangible assets and goodwill Determining whether goodwill and intangible assets with indefinite lives are impaired requires an estimation of the value in use or the fair value less costs to sell of the cash generating unit (CGU) to which the goodwill or intangible asset has been allocated. The value in use calculation requires management’s estimation of the future cash flows expected to arise from the CGU, including the impact of COVID-19. Refer to Note 7 for the sensitivity analysis of the assumptions used in the impairment analysis of goodwill and intangible assets with indefinite lives. Deductions from revenue and sales incentives The Group participates in various promotional programmes with customers designed to increase the sale of products. Among the programmes are arrangements under which rebates, refunds, price concessions or similar items can be earned by customers for attaining agreed upon sales levels, or for participating in specific marketing programmes. Those promotional programmes do not give rise to a separate performance obligation. Where the consideration the Group is entitled to varies because of such programmes, the amount payable is deemed to be variable consideration. Management makes estimates on an ongoing basis for each individual promotion to assess the value of the variable consideration based upon historical customer experience, expected customer performance and/or estimated sales volumes. The related accruals are recognised as a deduction from revenue and are not considered distinct from the sale of products to the customer. Refer to Note 15 for further details. Income tax The Group is subject to income taxes in numerous jurisdictions and there are many transactions for which the ultimate tax determination cannot be assessed with certainty in the ordinary course of business. The Group recognises a provision for situations that might arise in the foreseeable future based on an assessment of the probabilities as to whether additional taxes will be due. In addition, the Group is involved in various legal proceedings and tax matters. Where an outflow of funds is believed to be probable and a reliable estimate of the outcome of the dispute can be made, management provides for its best estimate of the liability. Where the final outcome on these matters is different from the amounts that were initially recorded, such differences impact the tax provision in the period in which such determination is made. These estimates are subject to potential change over time as new facts emerge and each circumstance progresses. The evaluation of deferred tax asset recoverability requires estimates to be made regarding the availability of future taxable income in the jurisdiction giving rise to the deferred tax asset. Refer to Note 21 for further details regarding income taxes. Defined benefit plans The determination of pension benefit costs and obligations are estimated based on assumptions determined with the assistance of external actuarial advice. The key assumptions impacting the valuations are the discount rate, salary rate of inflation and mortality rates. Refer to Note 16 for further details about the Group’s defined benefit pension plan costs and obligations.
Earnings per share	Basic earnings per share is calculated by dividing profit after taxes by the weighted average number of Shares in issue and outstanding during the period. Diluted earnings per share is calculated in a similar manner, but includes the effect of dilutive securities, principally share options, restricted stock units and performance share units. Share‑based payment awards that are contingently issuable upon the achievement of specified market and/or performance conditions are included in the diluted earnings per share calculation based on the number of Shares that would be issuable if the end of the period was the end of the contingency period.
Intangible assets and goodwill	Intangible assets with indefinite lives Intangible assets with indefinite lives acquired through business combination transactions are measured at fair value at the date of acquisition. These assets are not subject to amortisation but are tested for impairment annually at the CGU level or more frequently if facts and circumstances indicate an impairment may exist. In addition to the annual impairment test, the assessment of indefinite lives is also reviewed annually. TCCC franchise intangible assets The Group’s bottling agreements contain performance requirements and convey the rights to distribute and sell products within specified territories. The Group’s agreements with TCCC in each territory are for terms of 10 years and each contain the right for the Group to request a 10 years renewal. The existing bottling agreements expire no earlier than 1 September 2025. While these agreements contain no automatic right of renewal beyond that date, the Group believes that its interdependent relationship with TCCC and the substantial cost and disruption to TCCC that would be caused by non-renewal ensure that these agreements will continue to be renewed and, therefore, are essentially perpetual. The Group has never had a bottling agreement with TCCC terminated due to non-performance of the terms of the agreement or due to a decision by TCCC to terminate an agreement at the expiration of a term. After evaluating the contractual provisions of bottling agreements, the Group’s mutually beneficial relationship with TCCC and history of renewals, indefinite lives have been assigned to all of the Group’s TCCC bottling agreements. Brands In connection with the Acquisition, the Group acquired a portfolio of brands, predominantly comprised of certain non-alcoholic ready to drink beverages distributed and sold in Australia and New Zealand. These are considered to have an indefinite life, given the strength and durability of the brands . Goodwill Goodwill is initially measured as the excess of the total consideration transferred over the amount recognised for net identifiable assets acquired and liabilities assumed in a business combination. If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, the gain is recognised in the consolidated income statement as a bargain purchase. Goodwill is not subject to amortisation. It is tested annually for impairment at the CGU level or more frequently if events or changes in circumstances indicate that it might be impaired. Goodwill acquired in a business combination is allocated to the CGU that is expected to benefit from the synergies of the combination irrespective of whether a CGU is part of the business combination. Intangible assets with finite lives Intangible assets with finite lives are measured at cost of acquisition or production and are amortised using the straight-line method over their respective estimated useful lives. Finite lived intangible assets are assessed for impairment whenever there is an indication that they may be impaired. The amortisation period and method are reviewed annually. Internally generated software five
Property, plant and equipment	Property, plant and equipment is recorded at cost, net of accumulated depreciation and accumulated impairment losses, where cost is the amount of cash or cash equivalents paid to acquire an asset at the time of its acquisition or construction. Major property additions, replacements and improvements are capitalised, while maintenance and repairs that do not extend the useful life of an asset or add new functionality are expensed as incurred. Land is not depreciated, as it is considered to have an indefinite life. consolidated income statement by the amount which the carrying amount exceeds the recoverable amount. Useful lives and residual amounts are reviewed annually and adjustments are made prospectively as required.For property, plant and equipment, the Group assesses annually whether there is an indication that previously recognised impairment losses no longer exist or have decreased. If such indication exists, a previously recognised impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since the last impairment loss was recognised and only up to the recoverable amount or the original carrying amount net of depreciation that would have been incurred had no impairment losses been recognised. The Group leases land, office and warehouse property, computer hardware, machinery and equipment and vehicles under non-cancellable lease agreements, most of which expire at various dates through to 2030. Since the adoption of IFRS 16, “Leases”, effective 1 January 2019, the Group includes right of use assets within property, plant and equipment. Right of use assets are initially measured at cost, comprising the initial measurement of the lease liability, plus any direct costs and an estimate of asset retirement obligations, less lease incentives. Subsequently, right of use assets are measured at cost, less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated on a straight-line basis over the term of the lease. The Group does not separate lease from non-lease components for each of its lease categories, except for property leases. All low value leases with total minimum lease payments under €5,000 and leases with a term less than 12 months are expensed on a straight-line basis.
Inventories	Inventories are valued at the lower of cost or net realisable value and cost is determined using the first-in, first-out (FIFO) method. Inventories consist of raw materials, supplies (primarily including concentrate, other ingredients and packaging) and finished goods, which also include direct labour, indirect production and overhead costs. Cost includes all costs incurred to bring inventories to their present location and condition. Spare parts are recorded as assets at the time of purchase and are expensed as utilised. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs necessary to complete and sell the inventory.
Trade accounts receivable	The Group sells its products to retailers, wholesalers and other customers and extends credit, generally without requiring collateral, based on an evaluation of the customer’s financial condition. While the Group has a concentration of credit risk in the retail sector, this risk is mitigated due to the diverse nature of the customers the Group serves, including, but not limited to, their type, geographic location, size and beverage channel. Trade accounts receivable are initially recognised at fair value and subsequently measured at amortised cost less provision for impairment. Typically, accounts receivable have terms of 30 to 60 days and do not bear interest. The Group applies an expected credit loss reserve methodology to assess possible impairments. Balances are considered for impairment on an individual basis rather than by reference to the extent that they become overdue. The Group considers factors such as delinquency in payment, financial difficulties, payment history of the debtor as well as certain forward-looking macroeconomic indicators. The carrying amount of trade accounts receivable is reduced through the use of an allowance account and the amount of the loss is recognised in the consolidated income statement. Credit insurance on a portion of the accounts receivable balance is also carried. Refer to Note 26 for further details on credit risk management.
Cash and cash equivalents	Cash and cash equivalentsCash and cash equivalents include cash and short term, highly liquid financial instruments with maturity dates of less than three months when acquired that are readily convertible to cash and which are subject to an insignificant risk of changes in value. Counterparties and instruments used to hold the Group’s cash and cash equivalents are continually assessed, with a focus on preservation of capital and liquidity.
Short term investments	Short term investments are financial assets that are initially recognised at fair value and subsequently measured at amortised cost. The Group classifies its financial assets as at amortised cost only if both of the following criteria are met: • the asset is held within a business model whose objective is to collect the contractual cash flows; and • the contractual terms give rise to cash flows that are solely payments for principal and interest. The short term investment balance is comprised of time deposits and treasury bills, with maturity dates of greater than three months and less than one year when acquired, which do not meet the definition of cash and cash equivalents, and are expected to be held until maturity. These are highly liquid investments and due to their short term nature, their carrying amount is not significantly different from the fair values.
Fair values	Fair value measurements All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy. This is described as one of the following, based on the lowest level input that is significant to the fair value measurement as a whole: • Level 1 – Quoted prices in active markets for identical assets or liabilities. • Level 2 – Observable inputs other than quoted prices included in Level 1. The Group values assets and liabilities included in this level using dealer and broker quotations, certain pricing models, bid prices, quoted prices for similar assets and liabilities in active markets or other inputs that are observable or can be corroborated by observable market data. • Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The fair values of the Group’s cash and cash equivalents, trade accounts receivable, amounts receivable from related parties, trade and other payables and amounts payable to related parties approximate their carrying amounts due to their short term nature.
Borrowings	Borrowings Borrowings are initially recognised at fair value, net of issuance costs incurred. Borrowings acquired by the Group as part of the Acquisition have been recognised at fair value at the acquisition date. After initial recognition, borrowings are subsequently measured at amortised cost using the effective interest rate method. Amortisation of transaction costs, fair value adjustments made on acquisition, premiums and discounts are recognised as part of finance costs within the consolidated income statement.
Trade and other payables	Trade and other payables represent liabilities for goods and services provided to the Group prior to the end of the reporting period, which are unpaid. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. Trade and other payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest rate method. Trade payables are non-interest bearing and are normally settled between 30 to 60 days.

General information and basis_3

General information and basis of preparation (Tables)	12 Months Ended
	Dec. 31, 2021
Corporate Information And Statement of IFRS Compliance [Abstract]
Exchange rates used for translation of one Euro	The principal exchange rates used for translation purposes in respect of one Euro were: Average for the year ended (A) Closing as at 31 December 2021 31 December 2020 31 December 2019 31 December 2021 31 December 2020 UK Sterling 1.16 1.13 1.14 1.19 1.11 US Dollar 0.85 0.88 0.89 0.88 0.81 Norwegian Krone 0.10 0.09 0.10 0.10 0.10 Swedish Krone 0.10 0.10 0.09 0.10 0.10 Icelandic Krone 0.01 0.01 0.01 0.01 0.01 Australian Dollar 0.63 n/a n/a 0.64 n/a Indonesian Rupiah (B) 0.06 n/a n/a 0.06 n/a New Zealand Dollar 0.60 n/a n/a 0.60 n/a Papua New Guinean Kina 0.24 n/a n/a 0.25 n/a (A) For current year period European rates and US dollar are calculated as average for the period 1 January 2021 to 31 December 2021. Asia Pacific rates are calculated as average for the period from 10 May 2021 to 31 December 2021. (B) Indonesian Rupiah is shown as 1000 IDR versus 1 EUR.
Number of selling days by quarter	The following table summarises the number of selling days for the years ended 31 December 2021, 31 December 2020 and 31 December 2019 (based on a standard five day selling week): First Half Second Half Full Year 2021 131 130 261 2020 128 134 262 2019 129 132 261

Business combinations (Tables)

Business combinations (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about business combination [abstract]
Disclosure of detailed information about business combinations	The following table details the Euro equivalent consideration and provisional fair values of assets and liabilities as acquired: € million Intangible assets 4,285 Property, plant and equipment 1,568 Non-current derivative assets 69 Deferred tax assets 9 Other non-current assets 61 Current derivative assets 24 Current tax assets 19 Inventories 455 Amounts receivable from related parties 45 Trade accounts receivable 603 Other current assets 54 Short term investments (A) 256 Cash and cash equivalents (A) 267 Borrowings, less current portion (1,251) Employee benefit liabilities (37) Non-current provisions (3) Non-current derivative liabilities (72) Deferred tax liabilities (1,185) Non-current tax liabilities (6) Current portion of borrowings (381) Current portion of employee benefit liabilities (1) Current provisions (9) Current derivative liabilities (35) Current tax liabilities (18) Amounts payable to related parties (77) Trade and other payables (841) Net identifiable assets acquired 3,799 Non-controlling interest (228) Cash flow hedge gains transferred to goodwill relating to business combination 84 Goodwill 2,097 Fair value of consideration 5,752 (A) To align accounting policies, short term time deposits and treasury bills with maturities of greater than three months and less than one year have been reclassified and presented as short term investments.

Segment information (Tables)

Segment information (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of operating segments [abstract]
Disclosure of profit before tax	The following table provides a reconciliation between reportable segment operating profit and consolidated profit before tax: Year Ended 31 December 2021 Year Ended 31 December 2020 Europe API Total Europe API Total € million € million € million € million € million € million Revenue (A) 11,584 2,179 13,763 10,606 — 10,606 Comparable operating profit (A)(B) 1,500 272 1,772 1,194 — 1,194 Items impacting comparability (C) (256) (381) Reported operating profit 1,516 813 Total finance costs, net (129) (111) Non-operating items (5) (7) Reported profit before tax 1,382 695 (A) If the acquisition had taken place at the beginning of the year, pro forma revenue and pro forma comparable operating profit for API for the year ended 31 December 2021 would have been €3,235 million and €386 million, respectively. (B) Comparable operating profit includes comparable depreciation and amortisation of €564 million and €162 million for Europe and API respectively, for the year ended 31 December 2021. Comparable depreciation and amortisation charges for the year ended 31 December 2020 totalled €606 million. (C) Items affecting the comparability of period-over-period financial performance for 2021 include restructuring charges of €153 million (refer to Note 18), acquisition and integration related costs of €49 million (refer to Note 4), and the inventory fair value step up related to acquisition accounting of €48 million (refer to Note 4). Items affecting the comparability for 2020 include restructuring charges of €368 million (refer to Note 18).
Disclosure of geographical segments	The following table summarises revenue from external customers by geography, which is based on the origin of the sale: Year ended 31 December 2021 31 December 2020 31 December 2019 Revenue: € million € million € million Iberia (A) 2,495 2,173 2,784 Germany 2,335 2,270 2,432 Great Britain 2,613 2,203 2,412 France (B) 1,813 1,709 1,897 Belgium/Luxembourg 926 892 1,002 Netherlands 557 529 602 Norway 391 423 437 Sweden 375 337 366 Iceland 79 70 85 Total Europe 11,584 10,606 12,017 Australia 1,359 — — New Zealand and Pacific Islands 377 — — Indonesia and Papua New Guinea 443 — — Total API 2,179 — — Total CCEP 13,763 10,606 12,017 (A) Iberia refers to Spain, Portugal and Andorra. (B) France refers to continental France and Monaco. Assets are allocated based on operations and physical location. The following table summarises non-current assets, other than financial instruments and deferred tax assets, by geography: 31 December 2021 31 December 2020 Assets: € million € million Iberia (A) 6,644 6,696 Germany 3,077 3,138 Great Britain 2,680 2,432 France (B) 887 920 Belgium/Luxembourg 600 621 Netherlands 432 441 Sweden 379 396 Norway 247 233 Iceland 34 31 Other unallocated 245 220 Total Europe 15,225 15,128 Australia 5,356 — New Zealand and Pacific Islands 1,751 — Indonesia and Papua New Guinea 712 — Total API 7,819 — Total CCEP 23,044 15,128 (A) Iberia refers to Spain, Portugal and Andorra. (B) France refers to continental France and Monaco.

Earnings per share (Tables)

Earnings per share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings per share [abstract]
Earnings per share	The following table summarises basic and diluted earnings per share calculations for the years presented: Year ended 31 December 2021 31 December 2020 31 December 2019 Profit after taxes attributable to equity shareholders (€ million) 982 498 1,090 Basic weighted average number of Shares in issue (A) (million) 456 455 466 Effect of dilutive potential Shares (B) (million) 1 1 3 Diluted weighted average number of Shares in issue (A) (million) 457 456 469 Basic earnings per share (€) 2.15 1.09 2.34 Diluted earnings per share (€) 2.15 1.09 2.32 (A) As at 31 December 2021, 31 December 2020 and 31 December 2019 the Group had 456,235,032, 454,645,510 and 456,399,877 Shares, respectively, in issue and outstanding. (B) For the year ended 31 December 2021, 31 December 2020 and 31 December 2019 no options to purchase Shares were excluded from the diluted earnings per share calculation. The dilutive impact of all outstanding options, unvested restricted stock units and unvested performance share units was included in the effect of dilutive securities.

Intangible assets and goodwill

Intangible assets and goodwill (Tables)	12 Months Ended
	Dec. 31, 2021
Intangible assets and goodwill [abstract]
Summary of carrying amounts of intangible assets and goodwill	The following table summarises the movements in the carrying amounts of intangible assets and goodwill for the periods presented: TCCC franchise intangible Brands Software Customer relationships Non-TCCC franchise intangible Assets under construction Total intangibles Goodwill € million € million € million € million € million € million € million € million Cost: As at 31 December 2019 8,165 — 333 161 — 104 8,763 2,520 Additions — — 34 — — 26 60 — Disposals — — (34) — — — (34) — Transfers and reclassifications — — 61 — — (61) — — Currency translation adjustments (87) — (12) — — — (99) (3) As at 31 December 2020 8,078 — 382 161 — 69 8,690 2,517 Acquisition of CCL 3,822 211 55 37 149 11 4,285 2,097 Additions — — 65 — — 40 105 — Disposals — — (23) — — — (23) — Transfers and reclassifications — — 74 — — (74) — — Assets held for sale — (189) — — — — (189) — Currency translation adjustments 108 — 18 (1) — 1 126 9 As at 31 December 2021 12,008 22 571 197 149 47 12,994 4,623 Accumulated amortisation: As at 31 December 2019 — — (222) (35) — — (257) — Amortisation expense — — (54) (8) — — (62) — Disposals — — 34 — — — 34 — Currency translation adjustments — — 9 — — — 9 — As at 31 December 2020 — — (233) (43) — — (276) — Amortisation expense — — (75) (9) (5) — (89) — Disposals — — 20 — — — 20 — Currency translation adjustments — — (9) (1) — (10) — As at 31 December 2021 — — (297) (53) (5) — (355) — Net book value: As at 31 December 2019 8,165 — 111 126 — 104 8,506 2,520 As at 31 December 2020 8,078 — 149 118 — 69 8,414 2,517 As at 31 December 2021 12,008 22 274 144 144 47 12,639 4,623
Disclosure of information for cash-generating units	The following table identifies the carrying value of goodwill and indefinite-lived intangible assets attributable to each significant CGU of the Group. In addition to the significant CGUs of the Group, as at 31 December 2021 the Group had other CGUs with total indefinite-lived intangible assets of €2,243 million and goodwill of €941 million. 31 December 2021 31 December 2020 Indefinite lived intangible assets Goodwill TCCC Franchise Goodwill Cash generating unit € million € million € million € million Iberia 4,289 1,275 4,289 1,275 Australia 2,698 1,459 — — Great Britain 1,740 200 1,624 200 Germany 1,060 748 1,060 748 The recoverable amounts of each of the Group’s Europe CGUs were determined through a value in use calculation, which uses cash flow projections for a five year period. The key assumptions used in projecting these cash flows were as follows: • Growth rate and operating margins: Cash flows were projected over four years based on the Group’s strategic business plan. Cash flows for the fifth year and beyond were projected using a long-term terminal growth rate of 2%. • Discount rate: A weighted average cost of capital was applied specific to each CGU as a hurdle rate to discount cash flows. The discount rates represent the current market assessment of the risks specific to each CGU, taking into consideration the time value of money and individual risks of the underlying assets that have not been incorporated in the cash flow estimates. The following table summarises the pre-tax discount rate attributable to each significant CGU. 2021 2020 Pre-tax Pre-tax Cash generating unit % % Iberia 9 9 Great Britain 10 9 Germany 9 9

Property, plant and equipment (

Property, plant and equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property, plant and equipment [abstract]
Disclosure of detailed information about property, plant and equipment	For all property, plant and equipment, other than land, depreciation is recorded using the straight-line method over the respective estimated useful lives as follows: Useful life (years) Category Low High Buildings and improvements 10 40 Machinery, equipment and containers 3 20 Cold drink equipment 4 12 Vehicle fleet 3 12 Furniture and office equipment 4 10 The following table summarises the movement in net book value for property, plant and equipment for the periods presented: Land Buildings and improvements Machinery, equipment and containers Cold drink equipment Vehicle fleet Furniture Assets under construction Total € million € million € million € million € million € million € million € million Cost: As at 31 December 2019 316 1,755 2,805 1,210 291 234 279 6,890 Additions 18 89 112 46 64 16 77 422 Disposals (12) (32) (81) (86) (69) (107) (1) (388) Transfers and reclassifications 1 49 173 — — 4 (227) — Currency translation adjustments (6) (15) (34) (15) (3) (3) (3) (79) As at 31 December 2020 317 1,846 2,975 1,155 283 144 125 6,845 Acquisition of CCL 339 492 529 108 7 15 78 1,568 Additions 2 41 119 50 62 10 195 479 Disposals (3) (28) (218) (319) (54) (16) 1 (637) Transfers and reclassifications (A) — 47 129 11 1 5 (197) (4) Currency translation adjustments 8 31 44 21 (1) 2 4 109 As at 31 December 2021 663 2,429 3,578 1,026 298 160 206 8,360 Accumulated depreciation: As at 31 December 2019 — (557) (1,135) (709) (143) (141) — (2,685) Depreciation expense — (117) (297) (159) (62) (30) — (665) Disposals — 15 79 86 63 84 — 327 Currency translation adjustments — 8 16 10 1 3 — 38 As at 31 December 2020 — (651) (1,337) (772) (141) (84) — (2,985) Depreciation expense — (123) (326) (163) (61) (20) — (693) Disposals — 17 208 319 51 15 — 610 Currency translation adjustments — (9) (18) (15) — (2) — (44) As at 31 December 2021 — (766) (1,473) (631) (151) (91) — (3,112) Net book value: As at 31 December 2019 316 1,198 1,670 501 148 93 279 4,205 As at 31 December 2020 317 1,195 1,638 383 142 60 125 3,860 As at 31 December 2021 663 1,663 2,105 395 147 69 206 5,248
Disclosure of right to use asset	The following table summarises the net book value of right of use assets included within property, plant and equipment: 31 December 2021 31 December 2020 € million € million Buildings and improvements 438 202 Vehicle fleet 135 137 Machinery, equipment and containers 71 19 Furniture and office equipment 5 6 Total (A) 649 364 (A) €307 million was acquired as part of the Acquisition. The following table summarises depreciation charges relating to right of use assets for the periods presented: 31 December 2021 31 December 2020 € million € million Buildings and improvements 56 37 Vehicle fleet 59 61 Machinery, equipment and containers 22 8 Furniture and office equipment 2 11 Total 139 117

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2021
Inventories [Abstract]
Schedule of detailed information about inventories	The following table summarises the inventory outstanding in the consolidated statement of financial position as at the dates presented: 31 December 2021 31 December 2020 € million € million Finished goods 635 389 Raw materials and supplies 375 210 Spare parts and other 147 82 Total inventories 1,157 681

Trade accounts receivable (Tabl

Trade accounts receivable (Tables)	12 Months Ended
	Dec. 31, 2021
Trade and other receivables [abstract]
Trade and other receivables	The following table summarises the trade accounts receivable outstanding in the consolidated statement of financial position as at the dates presented: 31 December 2021 31 December 2020 € million € million Trade accounts receivable, gross 2,354 1,478 Allowance for doubtful accounts (49) (39) Total trade accounts receivable 2,305 1,439
Disclosure of financial assets that are either past due or impaired	The following table summarises the ageing of trade accounts receivable, net of allowance for doubtful accounts, in the consolidated statement of financial position as at the dates presented: 31 December 2021 31 December 2020 € million € million Not past due 2,172 1,389 Past due 1 - 30 days 88 23 Past due 31 - 60 days 18 3 Past due 61 - 90 days 9 4 Past due 91 - 120 days 3 1 Past due 121+ days 15 19 Total 2,305 1,439
Disclosure of allowance for doubtful accounts	The following table summarises the change in the allowance for doubtful accounts for the periods presented: Allowance for doubtful accounts € million As at 31 December 2019 (18) Provision for impairment recognised during the year (25) Receivables written off during the year as uncollectible 4 As at 31 December 2020 (39) Provision for impairment recognised during the year (13) Receivables written off during the year as uncollectible 3 As at 31 December 2021 (49)

Cash and cash equivalents and_2

Cash and cash equivalents and short term investments (Tables)	12 Months Ended
	Dec. 31, 2021
Cash and cash equivalents [abstract]
Schedule of cash and cash equivalents	The following table summarises the cash and cash equivalents outstanding in the consolidated statement of financial position as at the dates presented: 31 December 2021 31 December 2020 € million € million Cash at banks and on hand 708 643 Short term deposits and securities 699 880 Total cash and cash equivalents 1,407 1,523 Cash and cash equivalents are held in the following currencies as at the dates presented: 31 December 2021 31 December 2020 € million € million Euro 524 950 British Pound 337 424 US Dollar 74 32 Norwegian Krone 64 70 Swedish Krona 31 33 Australian Dollar 234 — Indonesian Rupiah 41 — Papua New Guinean Kina 45 — Other 57 14 Total cash and cash equivalents 1,407 1,523

Fair values (Tables)

Fair values (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Measurement [Abstract]
Disclosure of borrowings	The following table summarises the book value and fair value of the Group’s borrowings as at the dates presented: 31 December 2021 31 December 2020 € million € million Fair value of borrowings 13,316 7,585 Book value of borrowings (Note 14) 13,140 7,187
Disclosure of fair value measurement of liabilities	The following table summarises the fair value of the derivative assets and liabilities as at the dates presented: 31 December 2021 31 December 2020 € million € million Assets at fair value: Derivatives (Note 13) 376 46 Liabilities at fair value: Derivatives (Note 13) 66 77
Disclosure of fair value measurement of assets	The following table summarises the fair value of the derivative assets and liabilities as at the dates presented: 31 December 2021 31 December 2020 € million € million Assets at fair value: Derivatives (Note 13) 376 46 Liabilities at fair value: Derivatives (Note 13) 66 77

Hedging activities (Tables)

Hedging activities (Tables)	12 Months Ended
	Dec. 31, 2021
Financial Instruments [Abstract]
Disclosure of detailed information about hedging assets	31 December 2021 31 December 2020 Hedging instrument Location – statement of financial position € million € million Assets: Derivatives designated as hedging instruments: Commodity contracts Non-current derivative assets 75 6 Foreign currency contracts Non-current derivative assets 3 — Interest rate and cross currency swaps Non-current derivative assets 148 — Commodity contracts Current derivative assets 128 13 Deal contingent forwards Current derivative assets — 24 Foreign currency contracts Current derivative assets 16 3 Interest rate and cross currency swaps Current derivative assets 6 — Total 376 46 Total assets 376 46 Liabilities: Derivatives designated as hedging instruments: Commodity contracts Non-current derivative liabilities 3 9 Foreign currency contracts Non-current derivative liabilities — 6 Interest rate and cross currency swaps Non-current derivative liabilities 44 — Commodity contracts Current derivative liabilities 5 24 Foreign currency contracts Current derivative liabilities 14 4 Interest rate and cross currency swaps Current derivative liabilities — 34 Total 66 77 Total liabilities 66 77
Disclosure of detailed information about hedging liabilities	31 December 2021 31 December 2020 Hedging instrument Location – statement of financial position € million € million Assets: Derivatives designated as hedging instruments: Commodity contracts Non-current derivative assets 75 6 Foreign currency contracts Non-current derivative assets 3 — Interest rate and cross currency swaps Non-current derivative assets 148 — Commodity contracts Current derivative assets 128 13 Deal contingent forwards Current derivative assets — 24 Foreign currency contracts Current derivative assets 16 3 Interest rate and cross currency swaps Current derivative assets 6 — Total 376 46 Total assets 376 46 Liabilities: Derivatives designated as hedging instruments: Commodity contracts Non-current derivative liabilities 3 9 Foreign currency contracts Non-current derivative liabilities — 6 Interest rate and cross currency swaps Non-current derivative liabilities 44 — Commodity contracts Current derivative liabilities 5 24 Foreign currency contracts Current derivative liabilities 14 4 Interest rate and cross currency swaps Current derivative liabilities — 34 Total 66 77 Total liabilities 66 77
Disclosure of detailed information about hedging instruments	The following table summarises the Group’s outstanding cash flow hedges by risk category as at the dates presented (all contracts denominated in a foreign currency have been converted into euros using the respective year end spot rate): Notional maturity profile Total Less than 1 year 1 to 3 years 3 to 5 years Over 5 years Cash flow hedges € million € million € million € million € million Foreign currency contracts 475 303 172 — — Interest rate and cross currency swaps 736 340 396 — — Commodity contracts 459 246 213 — — As at 31 December 2019 1,670 889 781 — — Deal contingent foreign currency forwards 3,000 3,000 — — — Foreign currency contracts 310 174 136 — — Interest rate and cross currency swaps 396 396 — — — Commodity contracts 677 403 274 — — As at 31 December 2020 4,383 3,973 410 — — Interest rate and cross currency swaps 2,225 144 1,365 — 716 Foreign currency contracts 1,074 912 162 — — Commodity contracts 922 566 356 — — As at 31 December 2021 4,221 1,622 1,883 — 716 The following table summarises the Group’s outstanding fair value hedges by risk category as at the dates presented (all contracts denominated in a foreign currency have been converted into euros using the respective year end spot rate): Fair value hedges Total Less than 1 year 1 to 3 years 3 to 5 years Over 5 years As at 31 December 2019 — — — — — As at 31 December 2020 — — — — — Interest rate and cross currency swaps 166 — — — 166 As at 31 December 2021 166 — — — 166
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting	The following table summarises the net of tax effect for cash flow hedges for the periods presented within the consolidated income statement: Amount of gain/(loss) reclassified 31 December 2021 31 December 2020 31 December 2019 Cash flow hedging instruments Location – income statement € million € million € million Foreign currency contracts Cost of sales (3) 1 — Commodity contracts Cost of sales 74 (33) (17) Commodity contracts Selling and distribution expenses 2 (3) — Interest rate and cross currency swaps (A) Finance costs (78) 23 18 Total (5) (12) 1 (A) The gain/(loss) recognised on these currency contracts is offset by the gain/(loss) recognised on the remeasurement of the underlying debt instruments; therefore, there is a minimal consolidated net effect in non-operating items on the consolidated income statement. The following table summarises the gains/(losses) recognised from fair value hedges that settled for the periods presented within the consolidated income statement: Fair value hedges Location - Income statement 31 Dec 2021 31 Dec 2020 31 Dec 2019 Foreign currency contracts Finance costs (2) — — Total (2) — —
Disclosure of gains (losses) recognized from non-designated derivative financial instruments	The following table summarises the gains/(losses) recognised from non-designated derivative financial instruments in the consolidated income statement for the years presented. 31 December 2021 31 December 2020 31 December 2019 Non-designated hedging instruments Location – income statement € million € million € million Commodity contracts Selling and distribution expenses — (12) 5 Foreign currency contracts (A) Non-operating items — (4) (2) Total — (16) 3

Borrowings and leases (Tables)

Borrowings and leases (Tables)	12 Months Ended
	Dec. 31, 2021
Financial Instruments [Abstract]
Disclosure of borrowings	The following table summarises the carrying value of the Group’s borrowings as at the dates presented: 31 December 2021 31 December 2020 € million € million Non-current: Euro denominated bonds: €700 million 0.75% Notes 2022 — 699 €350 million 2.625% Notes 2023 349 349 €500 million 1.125% Notes 2024 497 497 €350 million 2.375% Notes 2025 348 347 €250 million 2.750% Notes 2026 249 248 €600 million 1.75% Notes 2026 594 592 €400 million 1.50% Notes 2027 397 396 €250 million 1.50% Notes 2027 261 263 €500 million 1.75% Notes 2028 495 494 €750 million 0.20% Notes 2028 743 742 €500 million 1.125% Notes 2029 494 494 €500 million 1.875% Notes 2030 496 496 €500 million 0.70% Notes 2031 496 496 €800 million —% Notes due 2025 (C) 797 — €700 million 0.50% Notes due 2029 (C) 694 — €1,000 million 0.875% Notes due 2033 (C) 990 — €750 million million 1.50% Notes due 2041 (C) 746 — Foreign currency bonds (swapped into Euro) (D) : $850 million 0.50% Notes due 2023 (C) 747 — $650 million 0.80% Notes due 2024 (C) 571 — $500 million 1.50% Notes due 2027 (C) 439 — 31 December 2021 31 December 2020 € million € million Australian dollar denominated bonds (E) : A$100 million 3.50% Notes2024 68 — A$30 million 4.166% Notes 2025 21 — A$20 million 4.25% Notes 2025 14 — A$30 million 4.125% Notes 2026 21 — A$50 million 4.155% Notes 2028 36 — A$133 million 2.45% Notes 2029 87 — A$50 million 4.20% Notes 2031 37 — A$187 million 4.20% Notes 2031 138 — A$13 million 4.20% Notes 2031 10 — Foreign currency bonds (swapped into Australian Dollar or New Zealand Dollar) (D) (E) : US$25 million 4.34% Notes 2023 23 — US$25 million 4.34% Notes 2023 23 — NOK1 billion 3.04% Notes 2028 105 — NOK750 million 2.75% Notes 2030 77 — US$50 million 2.653% Notes 2030 45 — JPY10 billion 4.15% Notes 2036 90 — JPY12.3 billion billion 1.06% Notes 2037 83 — Lease obligations 509 269 Total non-current borrowings 11,790 6,382 31 December 2021 31 December 2020 € million € million Current: Euro denominated bonds: €700 million 0.75% Notes 2022 700 — €350 million Floating Rate Note 2021 (A) — 350 Foreign currency bonds (swapped into Euro) (D) : US$250 million 3.25% Notes 2021 (B) — 156 US$300 million 4.50% Notes 2021 (B) — 203 Australian dollar denominated bonds (D) (E) : A$200 million 3.34% Notes 2022 129 — A$30 million 5.06% Notes 2022 20 — A$125 million 3.13% Notes 2022 81 — EUR commercial paper 285 — Bank overdraft 1 — Lease obligations 134 96 Total current borrowings 1,350 805 (A) In November 2021, the Group repaid at maturity €350 million Floating Rate Notes. Interest rate was 3 months EURIBOR plus 18 basis points with a minimum 0%. (B) In June 2021, the Group repaid prior to maturity the outstanding amount related to the $300 million 4.5% Notes due September 2021 and $250 million 3.25% Notes due August 2021. (C) In May 2021, and in connection with the Acquisition, the Group received net proceeds from new borrowings in the period of €4,877 million issuing the following bonds: €800 million 0% Notes due 2025, €700 million 0.5% Notes due 2029, €1,000 million 0.875% Notes due 2033, €750 million 1.5% Notes due 2041 and $850 million 0.5% Notes due 2023, $650 million 0.8% Notes due 2024, $500 million 1.5% Notes due 2027. (D) Cross currency swaps are used by the Group to swap foreign currency bonds into the required local currency. (E) Included within the Group's borrowings as at 31 December 2021 are the bonds acquired as part of the Acquisition. These bonds are either denominated in A$ or swapped back to A$ or NZ$ using cross currency swaps.
Disclosure of reconciliation of liabilities arising from financing activities	The following table provides a reconciliation of movements of liabilities to cash flows arising from financing activities: Current portion of borrowings Borrowings, less current portion Total € million € million € million As at 31 December 2019 799 5,622 6,421 Changes from financing cash flows Proceeds from third party borrowings, net — 1,598 1,598 Changes in short-term borrowings (221) — (221) Repayments on third party borrowings (A) (467) (102) (569) Payment of principal and interest on lease obligations (120) — (120) Other non-cash changes Amortisation of discount, premium and issue costs — 8 8 Lease additions (7) 108 101 Currency translation — (31) (31) Reclassifications 821 (821) — Total changes 6 760 766 Current portion of borrowings Borrowings, less current portion Total € million € million € million As at 31 December 2020 805 6,382 7,187 Acquisition of API 381 1,251 1,632 Changes from financing cash flows Proceeds from third party borrowings, net — 4,877 4,877 Changes in short-term borrowings 276 — 276 Repayments on third party borrowings (A) (950) — (950) Payment of principal and interest on lease obligations (149) — (149) Other non-cash changes Amortisation of discounts, premium, issue costs and fair value adjustments — (3) (3) Lease additions and other non-cash movements 39 83 122 Movement as a result of fair value hedges 6 9 15 Currency translation 33 100 133 Reclassifications 909 (909) — Total changes 545 5,408 5,953 As at 31 December 2021 1,350 11,790 13,140 (A) This line item includes the impact of the cross currency swap hedge from USD to EUR.

Trade and other payables (Table

Trade and other payables (Tables)	12 Months Ended
	Dec. 31, 2021
Trade and other payables [abstract]
Disclosure of trade and other payables	The following table summarises trade and other payables as at the dates presented: 31 December 2021 31 December 2020 € million € million Trade accounts payable (A) 1,691 1,124 Accrued customer marketing costs 1,160 775 Accrued deposits 264 246 Accrued compensation and benefits 482 217 Accrued taxes 220 193 Other accrued expenses 420 199 Total trade and other payables 4,237 2,754 (A) Includes amounts of €266 million (2020: €219 million) which are part of a supply chain finance programme facilitated by the Group. The programme permits suppliers to elect on an invoice-by-invoice basis to receive a discounted payment from the partner bank earlier than the agreed payment terms with the Group. If a supplier makes this election, the value and the due date of the invoice payable by the Group remains unchanged.

Post-employment benefits (Table

Post-employment benefits (Tables)	12 Months Ended
	Dec. 31, 2021
Employee Benefits [Abstract]
Disclosure of net employee benefit liability	The following table summarises our non-current employee benefit liabilities as at the dates presented: 31 December 2021 31 December 2020 € million € million Retirement benefit obligation 103 251 Other employee benefit liabilities 35 32 Total non-current employee benefit liabilities 138 283
Disclosure of expense recognized in consolidated income statement	The following table summarises the expense related to pension plans recognised in the consolidated income statement for the years presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Service cost 26 52 46 Past service (credit)/cost (A) (23) — 3 Net interest cost 2 2 1 Administrative expenses 2 2 2 Total cost 7 56 52 (A) Predominantly comprised of the impact of the closure of the GB defined benefit pension scheme to future benefits accrual on 31 March 2021.
Disclosure of changes in other comprehensive income	The following table summarises the changes in other comprehensive income related to our pension plans for the years presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Actuarial (gain)/loss on defined benefit obligation arising during the period (66) 160 282 Return on plan assets (greater)/less than discount rate (235) (89) (203) Net charge to other comprehensive income (301) 71 79
Disclosure of net defined benefit obligation	The following table summarises the changes in the pension plan benefit obligation and the fair value of plan assets for the periods presented: 31 December 2021 31 December 2020 € million € million Reconciliation of benefit obligation: Benefit obligation at beginning of plan year 2,340 2,236 Service cost 26 52 Past service cost (23) — Interest costs on defined benefit obligation 36 34 Plan participants contribution 59 71 Actuarial loss/(gain) - experience 2 (7) Actuarial loss/(gain) - demographic assumptions (2) — Actuarial loss/(gain) - financial assumptions (66) 169 Benefit payments (150) (121) Administrative expenses 2 2 Acquisition of CCL 66 — Currency translation adjustments 123 (96) Benefit obligation at end of plan year 2,413 2,340 Reconciliation of fair value of plan assets: Fair value of plan assets at beginning of plan year 2,132 2,096 Interest income on plan assets 34 32 Return on plan assets greater/(less) than discount rate 235 89 Plan participants contributions 59 71 Employer contributions 39 52 Benefit payments (150) (121) Acquisition of CCL 40 — Currency translation adjustment 115 (87) Fair value of plan assets at end of plan year 2,504 2,132
Disclosure of defined benefit plans	The following table summarises the retirement benefit status of pension plans as at the dates presented: 31 December 2021 31 December 2020 € million € million Net benefit status: Present value of obligation (2,413) (2,340) Fair value of assets 2,504 2,132 Net benefit status: 91 (208) Retirement benefit surplus (Note 25) 194 43 Retirement benefit obligation (103) (251) The following tables summarise the weighted average actuarial assumptions used to determine the benefit obligations of pension plans as at the dates presented: 31 December 2021 31 December 2020 Financial assumptions % % Discount rate 1.8 1.3 Rate of compensation increase 3.2 2.7 Rate of price inflation 3.1 2.6 Demographic assumptions (weighted average) (A) 31 December 2021 31 December 2020 Retiring at the end of the reporting period Male 22.4 21.3 Female 25.0 24.0 Retiring 15 years after the end of the reporting period Male 23.3 22.4 Female 26.1 25.1 (A) These assumptions translate into an average life expectancy in years, post-retirement, for an employee retiring at age 65.
Disclosure of sensitivity analysis for actuarial assumptions	The following table summarises the sensitivity of the defined benefit obligation to changes in the weighted average principal assumptions for the periods presented: Change in assumption Impact on defined benefit obligation (%) Increase in assumption Decrease in assumption Principal assumptions 2021 2020 2021 2020 Discount rate 0.5 % (8.5) (9.1) 9.7 10.4 Rate of compensation increase 0.5 % 0.5 2.3 (0.4) (2.1) Rate of price inflation 0.5 % 6.7 7.3 (5.9) (7.9) Mortality rates 1 year 3.5 3.4 (3.4) (3.5)
Disclosure of fair value of plan assets	The following tables summarise pension plan assets measured at fair value as at the dates presented: Total 31 December 2021 Investments quoted in active markets Unquoted investments € million € million € million Equity securities (A) 221 221 — Fixed-income securities: (B) Corporate bonds and notes 54 54 — Government bonds 1,506 1,506 — Cash and other short-term investments (C) 6 6 — Other investments: Real estate funds (D) 346 39 307 Insurance contracts (E) 240 — 240 Investment funds (F) 73 — 73 Derivatives (G) 58 — 58 Total 2,504 1,826 678 Total 31 December 2020 Investments quoted in active markets Unquoted € million € million € million Equity securities (A) 186 186 — Fixed-income securities: (B) Corporate bonds and notes 80 51 29 Government bonds 1,196 1,196 — Cash and other short-term investments (C) 114 112 2 Other investments: Real estate funds (D) 312 31 281 Insurance contracts (E) 230 — 230 Derivatives (G) 14 — 14 Total 2,132 1,576 556 (A) Equity securities are comprised of ordinary shares and investments in equity funds. Investments in ordinary shares are valued using quoted market prices multiplied by the number of shares owned. Investments in equity funds are valued at the net asset value per share, which is calculated predominantly based on the underlying quoted investments market price, multiplied by the number of shares held as of the measurement date. (B) The fair values of the fixed-income securities are determined based on quoted market prices in active markets. Bonds are held mainly in the currency of the geography of the plan. (C) Cash and other short-term investments are valued at €1.00/unit, which approximates fair value. Amounts are generally invested in cash or interest bearing accounts. (D) The valuation of unquoted real estate funds is based on net assets value per share multiplied by the number of shares owned. For quoted real estate funds, the calculation is based on the underlying quoted investments market price, multiplied by the number of shares held as of the measurement date. (E) Insurance contracts exactly match the amount and timing of certain benefits, therefore the fair value of these insurance policies is deemed to be the present value of the related obligations. (F) Primarily includes investments in equity securities, fixed income securities and combinations of both. Fair values are sourced from broker quotes.

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Share Capital, Reserves And Other Equity Interest [Abstract]
Disclosure of shares and share capital outstanding	As at 31 December 2021, the Company has issued and fully paid 456,235,032 Shares. Shares in issue have one voting right each and no restrictions related to dividends or return of capital. Number of Shares Share capital millions € million As at 1 January 2019 475 5 Issuances of Shares 2 — Cancellation of Shares (21) — As at 31 December 2019 456 5 Issuance of Shares 2 — Cancellation of Shares (3) — As at 31 December 2020 455 5 Issuance of Shares 1 — Cancellation of Shares — — As at 31 December 2021 456 5
Disclosure of other reserves within equity	The following table summarises the balances in other reserves (net of tax) as at the dates presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Cash flow hedge reserve 151 20 (17) Net investment hedge reserve 197 197 197 Foreign currency translation adjustment reserve (509) (754) (629) Other reserves 5 — — Total other reserves (156) (537) (449)
Disclosure of dividends	31 December 2021 31 December 2020 31 December 2019 € million € million € million First half dividend (A) — — 290 Second half dividend (B) 638 386 284 Total dividend on ordinary shares paid 638 386 574

Total operating costs (Tables)

Total operating costs (Tables)	12 Months Ended
	Dec. 31, 2021
Analysis of income and expense [abstract]
Disclosure of detailed information about expenses	The following tables summarise the significant cost items by nature within operating costs for the years presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Cost of inventory recognised as an expense 6,156 4,626 5,147 Write down of inventories (Note 9) 41 29 25 Logistics costs (A) 1,012 763 900 Depreciation of property, plant and equipment, excluding restructuring 637 544 549 Amortisation of intangible assets (Note 7) 89 62 52 Acquisition related costs 53 14 — Out of period mark-to-market effects on undesignated derivatives — 2 (2) Restructuring charges, including accelerated depreciation (B) 153 368 130 (A) Logistics costs include warehousing and delivery costs to the final customer destination. They exclude depreciation and amortisation. 31 December 2021 31 December 2020 31 December 2019 (B) Restructuring € million € million € million Increase in provision for restructuring programmes (Note 23) 93 242 80 Amount of provision unused (Note 23) (13) (7) (15) Accelerated depreciation and non-cash costs 60 121 39 Other cash costs (A) 13 12 26 Total restructuring costs 153 368 130 (A) Other cash costs primarily relate to professional fees, which include consultancy costs, legal fees and other costs directly associated with restructuring. Staff costs included within the income statement were as follows: 31 December 2021 31 December 2020 31 December 2019 Employee costs € million € million € million Wages and salaries 1,544 1,253 1,370 Social security costs 302 283 289 Pension and other employee benefits 170 119 112 Total employee costs 2,016 1,655 1,771 The average number of persons employed by the Group (including Directors) for the periods presented were as follows: 2021 2020 2019 No. in thousands No. in thousands No. in thousands Commercial 10.9 7.3 7.6 Supply chain 14.9 12.4 13.1 Support functions 3.9 2.5 2.6 Total average staff employed 29.7 22.2 23.3 Audit and other fees charged in the income statement concerning the statutory auditor of the consolidated financial statements, Ernst & Young LLP, were as follows: 31 December 2021 31 December 2020 31 December 2019 € thousand € thousand € thousand Audit of Parent Company and consolidated financial statements (A) 4,751 3,149 2,737 Audit of the Company’s subsidiaries 5,493 3,046 3,430 Total audit 10,244 6,195 6,167 Audit-related assurance services (B) 1,234 909 1,106 Other assurance services 313 279 236 Total audit and audit-related assurance services 11,791 7,383 7,509 All other services (C) 35 30 123 Total non-audit or non-audit-related assurance services 35 30 123 Total audit and all other fees 11,826 7,413 7,632 (A) Fees in respect of the audit of the accounts of the Company, including the Group's consolidated financial statements. (B) Includes professional fees for interim reviews, reporting on internal financial controls, services related to the transactions entered into with TCCC, issuance of comfort letters for debt issuances, regulatory inspections, certain accounting consultations and other attest engagements. (C) Represents fees for all other allowable services.

Finance costs (Tables)

Finance costs (Tables)	12 Months Ended
	Dec. 31, 2021
Borrowing costs [abstract]
Disclosure Of Detailed Information About Financial Income Cost	The following table summarises net finance costs for the years presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Interest income (A) 43 33 49 Interest expense on external debt (A) (153) (132) (137) Other finance costs (B) (19) (12) (8) Total finance costs, net (129) (111) (96) (A) Includes interest income and expense amounts, as applicable, on cross currency swaps and interest rate swaps. Cross currency swap and interest rate swap income totalled €27 million, €24 million and €36 million in 2021, 2020 and 2019, respectively. Refer to Note 13 for further details. (B) Other finance costs principally includes amortisation of the discount on external debt and interest on leases.

Related party transactions (Tab

Related party transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Related Party [Abstract]
Disclosure of transactions between related parties	The following table summarises the transactions with TCCC that directly impacted the consolidated income statement for the years presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Amounts affecting revenue (A) 50 50 66 Amounts affecting cost of sales (B) (3,056) (2,555) (2,962) Amounts affecting operating expenses (C) 9 8 (22) Total net amount affecting the consolidated income statement (2,997) (2,497) (2,918) (A) Amounts principally relate to fountain syrup and packaged product sales. (B) Amounts principally relate to the purchase of concentrate, syrup, mineral water and juice, as well as funding for marketing programmes. (C) Amounts principally relate to certain costs associated with new product development initiatives. In 2021 and 2020, amounts also include the reimbursement of certain marketing expenses. The following table summarises the transactions with TCCC that impacted the consolidated statement of financial position for the periods presented: 31 December 2021 31 December 2020 € million € million Amounts due from TCCC 135 146 Amounts payable to TCCC 189 167 31 December 2021 31 December 2020 31 December 2019 € million € million € million Amounts affecting revenue (A) 1 1 1 Amounts affecting cost of sales (B) (49) (43) (68) Amounts affecting operating expenses (C) (11) (8) (10) Total net amount affecting the consolidated income statement (59) (50) (77) (A) Amounts principally relate to packaged product sales. (B) Amounts principally relate to the purchase of packaging materials and concentrate. (C) Amounts principally relate to certain costs associated with maintenance and repair services. The following table summarises the transactions with Cobega that impacted the consolidated statement of financial position for the periods presented: 31 December 2021 31 December 2020 € million € million Amounts due from Cobega 2 4 Amounts payable to Cobega 19 14 The following table summarises the transactions with associates, joint ventures and other related parties: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Net amounts affecting consolidated income statement - Associates (A) (49) — — Net amounts affecting consolidated income statement – Joint Ventures (B) (9) — — Net amounts affecting consolidated income statement – Other related parties (A) (52) — — Total net amount affecting the consolidated income statement (110) — — (A) Amounts principally relate to container deposit scheme charges in Australia. (B) Amounts principally relate to the purchase of finished products. The following table summarises the balances with associates, joint ventures and other related parties: 31 December 2021 31 December 2020 € million € million Net amounts receivable / (payable) – Associates 6 — Net amounts receivable / (payable) – Joint Ventures (2) — 31 December 2021 31 December 2020 31 December 2019 € million € million € million Salaries and other short-term employee benefits (A) 22 20 35 Post-employment benefits — 1 1 Share-based payments 7 6 9 Termination benefits — 5 — Total 29 32 45 (A) Short-term employee benefits include wages, salaries and social security contributions, paid annual leave and paid sick leave, paid bonuses and non-monetary benefits. The Group did not have any loans with key management personnel and was not party to any other transactions with key management personnel during the periods presented.

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax [Abstract]
Disclosure of income expense	The following table summarises the major components of income tax expense for the periods presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Current tax: Current tax charge 323 230 330 Adjustment in respect of current tax from prior periods (53) 3 (20) Total current tax 270 233 310 Deferred tax: Relating to the origination and reversal of temporary differences 6 (73) 45 Adjustment in respect of deferred income tax from prior periods (9) (6) 6 Relating to changes in tax rates or the imposition of new taxes 127 43 3 Total deferred tax 124 (36) 54 Income tax charge per the consolidated income statement 394 197 364
Disclosure of income tax relating to components of other comprehensive income	The following table summarises the taxes on items recognised in other comprehensive income (OCI) and directly within equity for the periods presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Taxes charged/(credited) to OCI: Deferred tax on net gain/loss on revaluation of cash flow hedges 63 (4) 2 Deferred tax on net gain/loss on pension plan remeasurements 63 (16) (12) Current tax on net gain/loss on pension plan remeasurements 1 — — Total taxes charged/(credited) to OCI 127 (20) (10) Taxes charged/(credited) to equity: Deferred tax charge/(credit): share-based compensation (3) 1 (2) Current tax charge/(credit): share-based compensation — (3) (4) Total taxes charged/(credited) to equity (3) (2) (6)
Disclosure of effective income tax rate reconciliation	The parent company of the Group is a UK company. Accordingly, the following tables provide reconciliations of the Group’s income tax expense at the UK statutory tax rate to the actual income tax expense for the periods presented: 31 December 2021 31 December 2020 31 December 2019 € million € million € million Accounting profit before tax from continuing operations 1,382 695 1,454 Tax expense at the UK statutory rate 262 132 276 Taxation of foreign operations, net (A) 72 23 89 Non-deductible expense items for tax purposes 2 6 4 Rate and law change impact, net (B)(C)(D) 127 43 3 Deferred taxes not recognised (7) (4) 6 Adjustment in respect of prior periods (E) (62) (3) (14) Total provision for income taxes 394 197 364 (A) This reflects the impact, net of income tax contingencies, of having operations outside the UK, which are taxed at rates other than the statutory UK rate of 19% (2020: 19%, 2019: 19%). In prior periods, this included the benefit of some income being fully or partially exempt from income taxes due to various operating and financing activities. (B) In 2021, the UK enacted a law change that increased its tax rate to 25% with effect from 1 April 2023. The Group recognised a deferred tax expense of €123 million to reflect the impact of this change. (C) In 2021, the Netherlands enacted a law change that increased its tax rate to 25,8% with effect from 1 January 2022. The Group recognised a deferred tax expense of €2 million to reflect the impact of this change. (D) In 2021, Indonesia enacted a law change that retained its tax rate of 22% with effect from 1 January 2022, reversing a previously enacted decrease to 20%. The Group recognised a deferred tax expense of €2 million to reflect the impact of this change.
Disclosure of deferred tax liabilities and assets	The following table summarises the movements in the carrying amounts of deferred tax liabilities and assets by significant component during the periods presented: Franchise and other intangible assets Property, plant and equipment Financial assets and liabilities Tax losses Employee and retiree benefit accruals Tax credits Other, net Total, net € million € million € million € million € million € million € million € million As at 31 December 2019 1,966 224 7 (4) (59) (3) 45 2,176 Amount charged/(credited) to income statement (excluding effect of tax rate changes) (9) (40) (8) (2) (14) (7) 1 (79) Effect of tax rate changes on income statement 39 4 — — (1) — 1 43 Amounts charged/(credited) directly to OCI — — (4) — (16) — — (20) Amount charged/(credited) to equity — — — — 1 — — 1 Effect of movements in foreign exchange (14) (1) (1) — — — 2 (14) As at 31 December 2020 1,982 187 (6) (6) (89) (10) 49 2,107 Amount charged/(credited) to income statement (excluding effect of tax rate changes) 1 2 (1) (4) 8 (2) (7) (3) Effect of tax rate changes on income statement 106 8 1 — 12 — — 127 Amounts charged/(credited) directly to OCI — — 63 — 63 — — 126 Amount charged/(credited) to equity — — — — (3) — — (3) Acquired through business combinations 1,174 51 (19) (4) (6) — (20) 1,176 Effect of movements in foreign exchange 22 3 (2) — 1 — 3 27 As at 31 December 2021 3,285 251 36 (14) (14) (12) 25 3,557

Share-based payment plans (Tabl

Share-based payment plans (Tables)	12 Months Ended
	Dec. 31, 2021
Share-Based Payment Arrangements [Abstract]
Disclosure of share option activity	The following table summarises our share option activity for the periods presented: 2021 2020 2019 Shares Average exercise price Shares Average exercise price Shares Average exercise price thousands US$ thousands US$ thousands US$ Outstanding at beginning of year 4,051 31.68 4,815 29.8 6,542 26.51 Granted — — — — — — Exercised (1,290) 26.33 (761) 19.79 (1,722) 17.33 Forfeited, expired or cancelled (3) 19.68 (3) 31.97 (5) 19.23 Outstanding at end of year 2,758 34.19 4,051 31.68 4,815 29.8 Options exercisable at end of year 2,758 34.19 4,051 31.68 4,815 29.8
Disclosure of range of exercise prices of outstanding share options	The following table summarises the weighted average remaining life of options outstanding for the periods presented: 2021 2020 2019 Range of exercise prices Options Weighted Options Weighted Options Weighted US$ thousands years thousands years thousands years 15.01 to 25.00 151 0.85 931 1.75 1,681 2.31 25.01 to 40.00 2,607 3.04 3,120 3.85 3,134 4.59 Total 2,758 2.92 4,051 3.37 4,815 3.79
Disclosure of weighted average grant-date fair value of units granted	The following table summarises the weighted average grant date fair values per unit: Restricted Stock Units and Performance Share Units 2021 2020 Grant date fair value - service conditions (US$) 47.77 34.45 Grant date fair value - service and performance conditions (US$) 47.68 33.46

Provisions, contingencies and_2

Provisions, contingencies and commitments (Tables)	12 Months Ended
	Dec. 31, 2021
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract]
Disclosure of provisions	The following table summarises the movement in each class of provision for the periods presented: Restructuring provision Decommissioning provision Other provisions (A) Total € million € million € million € million As at 31 December 2019 168 17 11 196 Charged/(credited) to profit or loss: Additional provisions recognised 242 — 4 246 Unused amounts reversed (7) — — (7) Utilised during the period (193) — (1) (194) Translation (2) (2) — (4) As at 31 December 2020 208 15 14 237 Acquisition of CCL 9 — — 9 Charged/(credited) to profit or loss: Additional provisions recognised 93 6 5 104 Unused amounts reversed (13) — (2) (15) Utilised during the period (192) (1) (6) (199) Translation (2) — — (2) As at 31 December 2021 103 20 11 134 Non-current 22 20 6 48 Current 81 — 5 86 As at 31 December 2021 103 20 11 134 (A) Other provisions primarily relate to property tax assessment provisions and legal reserves and are not considered material to the consolidated financial statements.

Other current assets and asse_2

Other current assets and assets held for sale (Tables)	12 Months Ended
	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Summary of other current assets	The following table summarises the Group’s other current assets as at the dates presented: 31 December 2021 31 December 2020 Other current assets € million € million Prepayments 101 61 VAT receivables 16 34 Miscellaneous receivables 154 109 Total other current assets 271 204

Other non-current assets (Table

Other non-current assets (Tables)	12 Months Ended
	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Summary of other non-current assets	The following table summarises the Group’s other non-current assets as at the dates presented: 31 December 2021 31 December 2020 Other non-current assets € million € million VAT receivables 214 208 Retirement benefit surplus (Note 16) 194 43 Investments 40 26 Other 86 60 Total other non-current assets 534 337
Summary of non-current investments	The following table summarises the Group’s carrying value of investments as at the dates presented: 31 December 2021 31 December 2020 Investments € million € million Investments accounted using equity method 35 26 Financial assets at fair value through Other Comprehensive Income 5 — Total investments 40 26

Financial risk management (Tabl

Financial risk management (Tables)	12 Months Ended
	Dec. 31, 2021
Financial Instruments [Abstract]
Sensitivity analysis for types of market risk	Change in currency rate € strengthens against US$ € weakens against US$ Effect on profit before tax and pre-tax equity % € million € million Year ended 31 December 2021 10 176 (176) Year ended 31 December 2020 10 33 (36) Year ended 31 December 2019 10 87 (95)
Disclosure of maturity analysis for non-derivative financial liabilities	The amounts disclosed in the table are the contractual undiscounted cash flows: Total Less than 1 year 1 to 3 years 3 to 5 years More than 5 years Financial liabilities € million € million € million € million € million 31 December 2021 Trade and other payables 3,933 3,933 — — — Amounts payable to related parties 210 210 — — — Borrowings 13,599 1,369 2,551 2,274 7,405 Derivatives 66 19 4 15 28 Lease liabilities 714 145 208 111 250 Total financial liabilities 18,522 5,676 2,763 2,400 7,683 31 December 2020 Trade and other payables 2,356 2,356 — — — Amounts payable to related parties 181 181 — — — Borrowings 7,323 798 1,207 970 4,348 Derivatives 77 62 15 — — Lease liabilities 383 100 128 56 99 Total financial liabilities 10,320 3,497 1,350 1,026 4,447
Disclosure of maturity analysis for derivative financial liabilities	The amounts disclosed in the table are the contractual undiscounted cash flows: Total Less than 1 year 1 to 3 years 3 to 5 years More than 5 years Financial liabilities € million € million € million € million € million 31 December 2021 Trade and other payables 3,933 3,933 — — — Amounts payable to related parties 210 210 — — — Borrowings 13,599 1,369 2,551 2,274 7,405 Derivatives 66 19 4 15 28 Lease liabilities 714 145 208 111 250 Total financial liabilities 18,522 5,676 2,763 2,400 7,683 31 December 2020 Trade and other payables 2,356 2,356 — — — Amounts payable to related parties 181 181 — — — Borrowings 7,323 798 1,207 970 4,348 Derivatives 77 62 15 — — Lease liabilities 383 100 128 56 99 Total financial liabilities 10,320 3,497 1,350 1,026 4,447

Group companies (Tables)

Group companies (Tables)	12 Months Ended
	Dec. 31, 2021
Interest In Other Entities [Abstract]
Disclosure of interests in other entities	Name Country of incorporation % equity interest Registered address Agua De La Vega Del Codorno, S.L.U. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Aguas De Cospeito, S.L.U. Spain 100% Crta. Pino km. 1 - 2, 27377, Cospeito (Lugo), Spain Aguas De Santolin, S.L.U. Spain 100% C/ Real, s/n 09246, Quintanaurria (Burgos) Aguas Del Maestrazgo, S.L.U. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Aguas Del Toscal, S.A.U. Spain 100% Ctra. de la Pasadilla, km. 3- 35250, ingenio (Gran Canaria) Aguas Vilas Del Turbon, S.L.U. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Aitonomi AG Switzerland 15% Rue Technopôle 10, 3960 Sierre Amalgamated Beverages Great Britain Limited United Kingdom 100% (D) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Apand Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Associated Products & Distribution Proprietary Australia 100% (D) Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Australian Beer Company Pty Ltd Australia 50% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia BBH Investment Ireland Limited Ireland 100% 6th Floor, 2 Grand Canal Square (Dublin 2) Bebidas Gaseosas Del Noroeste, S.L.U. Spain 100% Avda.Alcalde Alfonso Molina, s/n- 15007 (A Coruña) Beganet, S.L.U. Spain 100% Avda Paisos Catalans, 32 – 08950 (Esplugues de Llobregat) Beverage Bottlers (NQ) Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Beverage Bottlers (QLD) Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Birtingahúsið ehf. Iceland 35% Laugavegur 174, 105, (Reykjavík) BL Bottling Holdings UK Limited United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Bottling Great Britain Limited United Kingdom 100% (D) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Bottling Holding France SAS France 100% 9, chemin de Bretagne, 92784 (Issy-les-Moulineaux) Bottling Holdings (Luxembourg) SARL Luxembourg 100% 2, Rue des Joncs, L-1818, Howald Bottling Holdings (Netherlands) B.V. Netherlands 100% Marten Meesweg 25J, 3068 AV Rotterdam Name Country of incorporation % equity interest Registered address Bottling Holdings Europe Limited United Kingdom 100% (B)(E) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Brewcorp Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Brewhouse Investments Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia C - C Bottlers Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Can Recycling (S.A.) Pty. Ltd. Australia 100% (B) Level 13, 40 Mount Street, North Sydney NSW 2060, Australia CC Digital GmbH Germany 50% Stralauer Allee 4, 10245 (Berlin) CC Erfrischungsgetränke Oldenburg Verwaltungs GmbH Germany 100% Stralauer Allee 4, 10245 (Berlin) CC Iberian Partners Gestion S.L. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) CC Verpackungsgesellschaft mit beschraenkter Haftung Germany 100% Schieferstraße 20 06126 Halle (Saale) CCA Bayswater Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia CCEP Australia Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia CCEP Finance (Australia) Limited United Kingdom 100% (A) Pemberton House, Bakers Road, Uxbridge, England, UB8 1EZ, United Kingdom CCEP Finance (Ireland) Designated Activity Company Ireland 100% 6th Floor, 2 Grand Canal Square, Dublin 2, Ireland CCEP Group Services Ltd United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ CCEP Holdings (Australia) Limited United Kingdom 100% (A)(D) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ CCEP Holdings (Australia) Pty Ltd Australia 100% (A) Level 13, 40 Mount Street, North Sydney NSW 2060, Australia CCEP Holdings Norge AS Norway 100% Robsrudskogen 5, 1470 (Lørenskog) CCEP Holdings Sverige AB Sweden 100% Dryckesvägen 2 C, 136 87 (Haninge) CCEP Holdings UK Limited United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ CCEP Ventures Australia Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia CCEP Ventures Europe Limited United Kingdom 100% (A) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ CCEP Ventures UK Limited United Kingdom 100% (A) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ CCEP Scottish Limited Partnership United Kingdom 100% 52 Milton Road, East Kilbride, Glasgow, Scotland, G74 5DJ CCIP Soporte, S.L.U. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Circular Plastics Australia (PET) Holdings Pty Ltd Australia 16.67% Building 3, 658 Church Street, Cremorne VIC 3121 Classic Brand (Europe) Designated Activity Company Ireland 100% 4th Floor, 25-28 Adelaide Road, D02 RY98 (Dublin 2) Cobega Embotellador, S.L.U. Spain 100% Avda Paisos Catalans, 32 – 08950 (Esplugues de Llobregat) Coca-Cola Amatil (UK) Limited United Kingdom 50% (I) 1 Bartholomew Lane, London, EC2N 2AX, United Kingdom Coca-Cola Europacific Investments (Singapore) Pte. Ltd. Singapore 100% 80 Robinson Road, #02-00, 068898, Singapore Name Country of incorporation % equity interest Registered address Coca-Cola Europacific Partners (CDE Aust) Pty Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Coca-Cola Europacific Partners (Fiji) Pte Limited Fiji 100% Lot 1, Ratu Dovi Road, Laucala Beach Estate, NASINU, Fiji Coca-Cola Europacific Partners (Holdings) Pty Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Coca-Cola Europacific Partners (Initial LP) Limited United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Coca-Cola Europacific Partners (Scotland) Limited United Kingdom 100% 52 Milton Road, College Milton, East Kilbride, Scotland, G74 5DJ, Coca-Cola Europacific Partners API Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Coca-Cola Europacific Partners Australia Pty Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Coca-Cola Europacific Partners Belgium SRL/BV Belgium 100% Chaussée de Mons 1424, 1070 (Brussels) Coca-Cola Europacific Partners Deutschland GmbH Germany 100% (F) Stralauer Allee 4, 10245 (Berlin) Coca-Cola Europacific Partners France SAS France 100% (G) 9, chemin de Bretagne, 92784 (Issy-les-Moulineaux) Coca-Cola Europacific Partners Great Britain Limited United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Coca-Cola Europacific Partners Holdings Great Britain Limited United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Coca-Cola Europacific Partners Holdings NZ Limited New Zealand 100% The Oasis, 19 Carbine Road, Mount Wellington, Auckland, 1060, New Zealand Coca-Cola Europacific Partners Holdings US, Inc. United States 100% (A)(D) Corporation Trust Center, 1209 Orange Street, Wilmington 19801 (Delaware) Coca-Cola Europacific Partners Iberia, S.L.U. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Coca-Cola Europacific Partners Ísland ehf. Iceland 100% Studlahals 1, 110 (Reykjavik) Coca-Cola Europacific Partners Luxembourg sàrl Luxembourg 100% 2, Rue des Joncs, L-1818, Howald Coca-Cola Europacific Partners Nederland B.V. Netherlands 100% Marten Meesweg 25J, 3068 AV Rotterdam Coca-Cola Europacific Partners New Zealand Limited New Zealand 100% The Oasis, 19 Carbine Road, Mount Wellington, Auckland, 1060, New Zealand Coca-Cola Europacific Partners Norge AS Norway 100% Robsrudskogen 5, 1470 (Lørenskog) Coca-Cola Europacific Partners Papua New Guinea Limited Papua New Guinea 100% Section 23, Allotment 14, Milfordhaven Road, LAE, MOROBE PROVINCE, 411 Coca-Cola Europacific Partners Pension Scheme Trustees Limited United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Coca-Cola Europacific Partners Portugal Unipessoal, LDA Portugal 100% Quinta da Salmoura - Cabanas, 2929- 509, Azeitão (Setúbal) Coca-Cola Europacific Partners Services Bulgaria EOOD Bulgaria 100% 48, Sitnyakovo Blvd, Serdika Center, Office Building, floor 5, 1505 (Sofia) Coca-Cola Europacific Partners Services Europe Limited United Kingdom 100% Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Coca-Cola Europacific Partners Services SRL Belgium 100% (C) Chaussée de Mons 1424, 1070 (Brussels) Coca-Cola Europacific Partners Sverige AB Sweden 100% Dryckesvägen 2 C, 136 87 (Haninge) Coca-Cola Europacific Partners US II, LLC United States 100% Corporation Trust Center, 1209 Orange Street, Wilmington 19801 (Delaware) Name Country of incorporation % equity interest Registered address Coca-Cola Europacific Partners US, LLC United States 100% Corporation Trust Center, 1209 Orange Street, Wilmington 19801 (Delaware) Coca-Cola Europacific Partners Vanuatu Limited Vanuatu 100% 1st Floor, Govant Building, Kumul Highway, Port Vila, Vanuatu Coca-Cola Immobilier SCI France 100% (G) 9, chemin de Bretagne, 92784 (Issy-les-Moulineaux) Coca-Cola Production SAS France 100% Zone d’entreprises de Bergues, Commune de Socx, 59380 (Bergues) Coca-Cola Australia Foundation Limited Australia 50% Level 13 , 40 Mount Street , North Sydney NSW 2060 Compañía Asturiana De Bebidas Gaseosas, S.L.U. Spain 100% C/ Nava, 18- 3ª (Granda) Siero - 33006 (Oviedo) Compañía Castellana De Bebidas Gaseosas, S.L. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Compañía Levantina De Bebidas Gaseosas, S.L.U. Spain 100% Av. Real Monasterio de Sta. María de Poblet, 36, 46930 (Quart de Poblet) Compañía Norteña De Bebidas Gaseosas, S.L.U. Spain 100% C/ Ibaizábal, 57 – 48960 Galdakao (Bizkaia) Compañía Para La Comunicación De Bebidas Sin Alcohol, S.L.U. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Container Exchange (QLD) Limited Australia 50% Level 17, 100 Creek Street, Brisbane QLD 4000 Container Exchange (Services) Pty Ltd Australia 50% Maddocks, Angel Place, Level 27, 123 Pitt Street, Sydney NSW 2000 Conversia IT, S.L.U. Spain 100% C/ Ribera del loira, 20-22, 2ª Planta - 28042 (Madrid) Crusta Fruit Juices Proprietary Ltd Australia 100% (J) Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Developed System Logistics, S.L.U. Spain 100% Av. Henry Ford, 25, Manzana 19, Complejo Pq. Ind. Juan Carlos I , 46220 Picassent (Valencia) Endurvinnsaln hf. Iceland 20% Knarravogur 4, 104 Reykjavik Exchange for Change (ACT) Pty Ltd Australia 20% Building C, Suite 6, Level 1, 1 Homebush Bay Drive, Rhodes NSW 2138 Exchange for Change (Australia) Pty Ltd Australia 20% Building C, Suite 6, Level 1, 1 Homebush Bay Drive, Rhodes NSW 2138 Exchange for Change (NSW) Pty Ltd Australia 20% Building C, Suite 6, Level 1, 1 Homebush Bay Drive, Rhodes NSW 2138 Feral Brewing Company Pty Ltd Australia 100% (K) Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Foodl B.V. Netherlands 33% HNK Utrecht West, V.08, Weg der Verenigde Naties 1, 3527 KT Utrecht GR Bottling Holdings UK Limited United Kingdom 100% (A) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Infineo Recyclage SAS France 49% (H) Sainte Marie la Blanche – 21200 (Dijon) Innovative Tap Solutions Inc. United States 25% 310 North Wolf Road, Wheeling, IL 60090, USA Instelling voor Bedrijfspensioenvoorziening Coca-Cola Europacific Partners Belgium/Coca-Cola Europacific Partners Services – Bedienden-Arbeiders OFP Belgium 100% Bergensesteenweg 1424 – 1070 (Brussels) Instelling voor Bedrijfspensioenvoorziening Coca-Cola Europacific Partners Belgium/Coca-Cola Europacific Partners Services – Kaderleden OFP Belgium 100% Bergensesteenweg 1424 – 1070 (Brussels) Iparbal, 99 S.L. Spain 100% C/ Ibaizábal, 57 – 48960 Galdakao (Bizkaia) Name Country of incorporation % equity interest Registered address Iparsoft, 2004 S.L. Spain 100% C/ Ibaizábal, 57 – 48960 Galdakao (Bizkaia) Kollex GmbH Germany 25% Genthiner Straße 32, 10785, Berlin Lavit Holdings Inc United States 14.9% 27 West 20th Street, Suite 1004, New York NY 10011 Lusobega, S.L. Spain 100% C/ Ibaizábal, 57 – 48960 Galdakao (Bizkaia) Madrid Ecoplatform, S.L.U. Spain 100% C/Pedro Lara, 8 Pq. Tecnológico de Leganes- 28919 (Leganes) Mahija Parahita Nusantara Foundation Indonesia 35.3% South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak, South Jakarta Matila Nominees Pty. Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Neverfail Bottled Water Co Pty Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Neverfail SA Pty. Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Neverfail Springwater (VIC) Pty Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Neverfail Springwater Co Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Neverfail Springwater Co. (QLD) Pty. Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Neverfail Springwater Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Neverfail WA Pty. Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Pacbev Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Paradise Beverages (Fiji) Limited Fiji 100% 122-164 Foster Road, Walu Bay, Suva, Fiji PEÑA Umbria S.L.U. Spain 100% Av. Real Monasterio de Sta. María de Poblet,36 – 46930 (Quart de Poblet) Perfect Fruit Company Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia PT Amandina Bumi Nusantara Indonesia 35.3% South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak, South Jakarta , 12430 PT Coca-Cola Bottling Indonesia Indonesia 70.6% (C) South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak, South Jakarta , 12430 PT Coca-Cola Distribution Indonesia Indonesia 70.6% South Quarter Tower C, 22nd (P) Floor, Jalan R.A. Kartini, Kav.8, Cilandak Barat, Cilandak, South Jakarta , 12430 Purna Pty. Ltd. Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Quenchy Crusta Sales Pty. Ltd. Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Real Oz Water Supply Co (QLD) Pty Limited Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Refecon Águas - Sociedade Industrial De Bebidas, Unipessoal, LDA Portugal 100% Quinta da Salmoura - Cabanas-2925-362 Azeitão, Setúbal Refrescos Envasados Del Sur, S.L.U. Spain 100% Autovía del Sur A-IV, km.528- 41309 La Rinconada (Sevilla) Refrige SGPS, Unipessoal, LDA Portugal 100% Quinta da Salmoura - Cabanas-2925-362 Azeitão, Setúbal Roalba, S.L.U. Spain 100% C/ Ibaizábal, 57 – 48960 Galdakao (Bizkaia) Sale Proprietary Co 1 Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Name Country of incorporation % equity interest Registered address Sale Proprietary Co 2 Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Sale Proprietary Co 3 Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Sale Proprietary Co 4 Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Sale Proprietary Co 5 Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Sale Proprietary Co 6 Pty Ltd Australia 100% (D) Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Sale Proprietary Co 7 Pty Ltd Australia 100% Level 13, 40 Mount Street, North Sydney NSW 2060, Australia Samoa Breweries Limited Samoa 93.9% Vaitele Industrial Zone, Vaitele Tai, Faleata Sisifo Solares y Edificios Norteños, S.L.U. Spain 100% C/ Ibaizábal, 57 – 48960 Galdakao (Bizkaia) Starstock Group Limited United Kingdom 25.3% Dane Mill, Broadhurst Lane, Congleton, Cheshire, England, CW12 1LA TasRecycle Limited Australia 50% Level 9, 85 Macquarie Street, Hobart TAS 7000 VicRecycle Limited Australia 50% HWL Ebsworth Lawyers, Level 8, 447 Collins Street, Melbourne VIC 3000 WA Return Recycle Renew Ltd Australia 50% Unit 2, 1 Centro Avenue, Subiaco WA 6008 Wabi Portugal, Unipessoal LDA Portugal 100% Nº 16-A, Fracçao B, 5º Piso, Edificio Miraflores Premium Distrito: Lisboa Concelho: Oieras Freguesia: Algés, Linda-a-Velha e Cruz Quebrada-Dafundo 1495 190 Algés. WB Investment Ireland 2 Limited Ireland 100% 6th Floor, 2 Grand Canal Square (Dublin 2) WBH Holdings Luxembourg SCS Luxembourg 100% 2, Rue des Joncs, L-1818, Howald WIH UK Limited United Kingdom 100% (A) Pemberton House, Bakers Road, Uxbridge, UB8 1EZ Wir Sind Coca-Cola GmbH Germany 100% Stralauer Allee 4, 10245 (Berlin) (A) 100% equity interest directly held by Coca-Cola Europacific Partners plc. (B) Class A and B ordinary shares. (C) Class A, B and C ordinary shares. (D) Including preference shares issued to the Group. (E) 38.3% equity interest directly held by Coca-Cola Europacific Partners plc (100% of A ordinary shares in issue). (F) 10% equity interest directly held by Coca-Cola Europacific Partners plc. (G) Group shareholding of 99.99% or greater. (H) Class A and B shares. The Group holds 49% of Class B shares. (I) In liquidation (J) Class A and F shares (K) Includes Ordinary shares and B Class shares

General information and basis_4

General information and basis of preparation - Narrative (Details)	Dec. 31, 2021€ / shares
Ordinary shares
Disclosure of classes of share capital [line items]
Par value per share (in Euro per share)	€ 0.01

General information and basis_5

General information and basis of preparation - Exchange Rates Used for Translation (Details)	12 Months Ended
	Dec. 31, 2021IDR (Rp)	Dec. 31, 2020	Dec. 31, 2019
UK Sterling
Disclosure of classes of share capital [line items]
Average foreign exchange rate	1.16	1.13	1.14
Closing foreign exchange rate	1.19	1.11
US Dollar
Disclosure of classes of share capital [line items]
Average foreign exchange rate	0.85	0.88	0.89
Closing foreign exchange rate	0.88	0.81
Norwegian Krone
Disclosure of classes of share capital [line items]
Average foreign exchange rate	0.10	0.09	0.10
Closing foreign exchange rate	0.10	0.10
Swedish Krone
Disclosure of classes of share capital [line items]
Average foreign exchange rate	0.10	0.10	0.09
Closing foreign exchange rate	0.10	0.10
Icelandic Krone
Disclosure of classes of share capital [line items]
Average foreign exchange rate	0.01	0.01	0.01
Closing foreign exchange rate	0.01	0.01
Australian Dollar
Disclosure of classes of share capital [line items]
Average foreign exchange rate	0.63
Closing foreign exchange rate	0.64
Indonesian Rupiah
Disclosure of classes of share capital [line items]
Average foreign exchange rate	0.06
Closing foreign exchange rate	0.06
Amount of currency obtained in exchange	Rp 1,000
New Zealand Dollar
Disclosure of classes of share capital [line items]
Average foreign exchange rate	0.60
Closing foreign exchange rate	0.60
Papua New Guinean Kina
Disclosure of classes of share capital [line items]
Average foreign exchange rate	0.24
Closing foreign exchange rate	0.25

General information and basis_6

General information and basis of preparation - Number of Selling Days (Details) - day	6 Months Ended						12 Months Ended
	Dec. 31, 2021	Jul. 02, 2021	Dec. 31, 2020	Jun. 26, 2020	Dec. 31, 2019	Jun. 28, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Corporate Information And Statement of IFRS Compliance [Abstract]
Number of selling days in period	130	131	134	128	132	129	261	262	261

Business combinations - Narrati

Business combinations - Narrative (Details) $ / shares in Units, € in Millions, $ in Millions, $ in Millions	May 10, 2021EUR (€)	May 31, 2021	Nov. 30, 2020	Dec. 31, 2021EUR (€)	Dec. 31, 2021EUR (€)	Dec. 31, 2020EUR (€)	Dec. 31, 2019EUR (€)	May 10, 2021AUD ($)$ / shares	May 10, 2021EUR (€)	May 10, 2021USD ($)
Disclosure of detailed information about business combination [line items]
Fair value of consideration									€ 5,752
Acquisition related costs					€ 53	€ 14	€ 0
The Coca-Cola Company | PT Coca-Cola Bottling Indonesia
Disclosure of detailed information about business combination [line items]
Proportion of ownership interests held by non-controlling interests		29.40%
Coca-Cola Amatil Limited
Disclosure of detailed information about business combination [line items]
Proportion of ownership interest in subsidiary	100.00%
Fair value of consideration									5,752
Goodwill									2,097
Cash flow hedge gains transferred to goodwill relating to business combination	€ 84
Right-of-use assets acquired									307
Lease liability acquired									302
Gain on remeasuring to fair value before business combination	€ 48
Trade accounts receivable									603
Gross trade receivables acquired									618
Allowance for expected credit losses, trade receivables acquired									€ 15
Revenue of acquiree since acquisition date				€ 2,200
Profit (loss) of acquiree since acquisition date				€ 207
Revenue of combined entity as if combination occurred at beginning of period					14,800
Profit (loss) of combined entity as if combination occurred at beginning of period					1,400
Coca-Cola Amatil Limited | Administrative expenses
Disclosure of detailed information about business combination [line items]
Acquisition related costs					49
Coca-Cola Amatil Limited | Finance costs
Disclosure of detailed information about business combination [line items]
Acquisition related costs					€ 4
Coca-Cola Amatil Limited | Shareholders of Coca-Cola Amatil Limited
Disclosure of detailed information about business combination [line items]
Cash consideration (in AUD per share) | $ / shares								$ 13.32
Cash transferred | $								$ 6,673
Coca-Cola Amatil Limited | The Coca-Cola Company | Agreed consideration, acquisition 1
Disclosure of detailed information about business combination [line items]
Proportion of ownership interests held by non-controlling interests	10.80%
Cash consideration (in AUD per share) | $ / shares								$ 9.39
Cash transferred | $								$ 893
Coca-Cola Amatil Limited | The Coca-Cola Company | Agreed consideration, acquisition 2
Disclosure of detailed information about business combination [line items]
Proportion of ownership interests held by non-controlling interests	20.00%
Cash consideration (in AUD per share) | $ / shares								$ 10.57
Cash transferred | $										$ 1,046
Coca-Cola Amatil Limited | Coca-Cola Amatil Limited
Disclosure of detailed information about business combination [line items]
Proportion of ownership interest in subsidiary			69.20%
Coca-Cola Amatil Limited | The Coca-Cola Company
Disclosure of detailed information about business combination [line items]
Proportion of ownership interests held by non-controlling interests		30.80%	30.80%
Coca-Cola Amatil Limited | The Coca-Cola Company | PT Coca-Cola Bottling Indonesia
Disclosure of detailed information about business combination [line items]
Proportion of ownership interests held by non-controlling interests	29.40%

Business combinations - Schedul

Business combinations - Schedule of Net Assets Acquired (Details) € in Millions	May 10, 2021EUR (€)
Disclosure of detailed information about business combination [line items]
Fair value of consideration	€ 5,752
Coca-Cola Amatil Limited
Disclosure of detailed information about business combination [line items]
Intangible assets	4,285
Property, plant and equipment	1,568
Non-current derivative assets	69
Deferred tax assets	9
Other non-current assets	61
Current derivative assets	24
Current tax assets	19
Inventories	455
Amounts receivable from related parties	45
Trade accounts receivable	603
Other current assets	54
Short term investments	256
Cash and cash equivalents	267
Borrowings, less current portion	(1,251)
Employee benefit liabilities	(37)
Non-current provisions	3
Non-current derivative liabilities	(72)
Deferred tax liabilities	(1,185)
Non-current tax liabilities	(6)
Current portion of borrowings	(381)
Current portion of employee benefit liabilities	(1)
Current provisions	(9)
Current derivative liabilities	(35)
Current tax liabilities	(18)
Amounts payable to related parties	(77)
Trade and other payables	(841)
Net identifiable assets acquired	3,799
Non-controlling interest	(228)
Cash flow hedge gains transferred to goodwill relating to business combination	84
Goodwill	2,097
Fair value of consideration	€ 5,752

Segment information - Schedule

Segment information - Schedule of Operating Results per Geographic Segment (Details) € in Millions	May 10, 2021EUR (€)	Dec. 31, 2021EUR (€)segment	Dec. 31, 2020EUR (€)	Dec. 31, 2019EUR (€)
Disclosure of disaggregation of revenue from contracts with customers [line items]
Number of operating segments | segment		2
Revenue		€ 13,763	€ 10,606	€ 12,017
Comparable operating profit		1,772	1,194
Items impacting comparability		(256)	(381)
Operating profit		1,516	813	1,548
Total finance costs, net		(129)	(111)	(96)
Non-operating items		(5)	(7)	2
Profit before taxes		1,382	695	1,454
Restructuring charges including accelerated depreciation		153	368	130
Acquisition related costs		53	14	0
Coca-Cola Amatil Limited
Disclosure of disaggregation of revenue from contracts with customers [line items]
Gain on remeasuring to fair value before business combination	€ 48
Coca-Cola Amatil Limited | Administrative expenses
Disclosure of disaggregation of revenue from contracts with customers [line items]
Acquisition related costs		49
Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue		11,584	10,606	€ 12,017
Comparable operating profit		1,500	1,194
Depreciation and amortisation expense		564	606
API
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue		2,179	0
Comparable operating profit		272	€ 0
Depreciation and amortisation expense		162
API | Coca-Cola Amatil Limited
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue of acquired entity as if acquisition occurred at beginning of period		3,235
Operating profit (comparable) of acquired entity as if acquisition occurred at beginning of period		€ 386

Segment information - Segment R

Segment information - Segment Revenue and Assets by Geography (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of geographical areas [line items]
Revenue	€ 13,763	€ 10,606	€ 12,017
Non-current assets other than financial instruments and deferred tax assets	23,044	15,128
Europe
Disclosure of geographical areas [line items]
Revenue	11,584	10,606	12,017
Non-current assets other than financial instruments and deferred tax assets	15,225	15,128
Iberia
Disclosure of geographical areas [line items]
Revenue	2,495	2,173	2,784
Non-current assets other than financial instruments and deferred tax assets	6,644	6,696
Germany
Disclosure of geographical areas [line items]
Revenue	2,335	2,270	2,432
Non-current assets other than financial instruments and deferred tax assets	3,077	3,138
Great Britain
Disclosure of geographical areas [line items]
Revenue	2,613	2,203	2,412
Non-current assets other than financial instruments and deferred tax assets	2,680	2,432
France
Disclosure of geographical areas [line items]
Revenue	1,813	1,709	1,897
Non-current assets other than financial instruments and deferred tax assets	887	920
Belgium/Luxembourg
Disclosure of geographical areas [line items]
Revenue	926	892	1,002
Non-current assets other than financial instruments and deferred tax assets	600	621
Netherlands
Disclosure of geographical areas [line items]
Revenue	557	529	602
Non-current assets other than financial instruments and deferred tax assets	432	441
Norway
Disclosure of geographical areas [line items]
Revenue	391	423	437
Non-current assets other than financial instruments and deferred tax assets	247	233
Sweden
Disclosure of geographical areas [line items]
Revenue	375	337	366
Non-current assets other than financial instruments and deferred tax assets	379	396
Iceland
Disclosure of geographical areas [line items]
Revenue	79	70	85
Non-current assets other than financial instruments and deferred tax assets	34	31
Other unallocated
Disclosure of geographical areas [line items]
Non-current assets other than financial instruments and deferred tax assets	245	220
Total API
Disclosure of geographical areas [line items]
Revenue	2,179	0	0
Non-current assets other than financial instruments and deferred tax assets	7,819	0
Australia
Disclosure of geographical areas [line items]
Revenue	1,359	0	0
Non-current assets other than financial instruments and deferred tax assets	5,356	0
New Zealand and Pacific Islands
Disclosure of geographical areas [line items]
Revenue	377	0	0
Non-current assets other than financial instruments and deferred tax assets	1,751	0
Indonesia and Papua New Guinea
Disclosure of geographical areas [line items]
Revenue	443	0	€ 0
Non-current assets other than financial instruments and deferred tax assets	€ 712	€ 0

Earnings per share - Summary of

Earnings per share - Summary of Basic and Diluted Earnings Per Ordinary Share (Details) - EUR (€) € / shares in Units, € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings per share [abstract]
Profit attributable to shareholders	€ 982	€ 498	€ 1,090
Basic weighted average number of ordinary shares in issue (million) (in shares)	456,000,000	455,000,000	466,000,000
Effect of dilutive potential ordinary shares (million) (in shares)	1,000,000	1,000,000	3,000,000
Diluted weighted average number of ordinary shares in issue (million) (in shares)	457,000,000	456,000,000	469,000,000
Basic earnings per share (in EUR per share)	€ 2.15	€ 1.09	€ 2.34
Diluted earnings per share (in EUR per share)	€ 2.15	€ 1.09	€ 2.32
Number of shares issued and fully paid (in shares)	456,235,032	454,645,510	456,399,877
Antidilutive options excluded from diluted earnings per share share (in shares)	0	0	0

Intangible assets and goodwil_2

Intangible assets and goodwill - Narrative (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets	€ 12,639	€ 8,414
Iberia CGU
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Headroom percentage	32.00%	25.00%
Percent by which value assigned to discount rate must change in order to result in an impairment	2.00%
Percent by which value assigned to terminal growth rate must change in order to result in impairment	1.60%
Software
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets and goodwill	€ 274	€ 149	€ 111
Software | Accumulated amortisation
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Amortisation expense	75	54	44
Intangible assets and goodwill	€ (297)	(233)	(222)
Customer relationships
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Useful lives of intangible assets other than goodwill	20 years
Intangible assets and goodwill	€ 144	118	126
Customer relationships | Accumulated amortisation
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Amortisation expense	9	8	8
Intangible assets and goodwill	€ (53)	(43)	(35)
Non-TCCC franchise intangible
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Useful lives of intangible assets other than goodwill	20 years
Intangible assets	€ 149
Intangible assets and goodwill	144	0	0
Non-TCCC franchise intangible | Accumulated amortisation
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Amortisation expense	5	0
Intangible assets and goodwill	(5)	0	0
Franchise intangible | Nonsignificant cash-generating units
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets and goodwill	2,243
Goodwill
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets and goodwill	4,623	2,517	2,520
Goodwill | Nonsignificant cash-generating units
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets and goodwill	941
Goodwill | Accumulated amortisation
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Amortisation expense	0	0
Intangible assets and goodwill	€ 0	€ 0	€ 0
Low | Software
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Useful lives of intangible assets other than goodwill	5 years
High
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Terminal growth rate (or less)	2.00%
High | Software
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Useful lives of intangible assets other than goodwill	7 years
TCCC franchise intangible
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Agreement term	10 years
Renewal term	10 years

Intangible assets and goodwil_3

Intangible assets and goodwill - Summary of the Carrying Amounts of Intangible Assets and Goodwill (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Total intangibles
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	€ 8,414	€ 8,506
Balance at end of period	12,639	8,414	€ 8,506
Total intangibles | Cost
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	8,690	8,763
Acquisition of CCL	4,285
Additions	105	60
Disposals	(23)	(34)
Transfers and reclassifications	0	0
Assets held for sale	(189)
Currency translation adjustments	126	(99)
Balance at end of period	12,994	8,690	8,763
Total intangibles | Accumulated amortisation
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	(276)	(257)
Amortisation expense	(89)	(62)
Disposals	20	34
Currency translation adjustments	(10)	9
Balance at end of period	(355)	(276)	(257)
TCCC franchise intangible
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	8,078	8,165
Balance at end of period	12,008	8,078	8,165
TCCC franchise intangible | Cost
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	8,078	8,165
Acquisition of CCL	3,822
Additions	0	0
Disposals	0	0
Transfers and reclassifications	0	0
Assets held for sale	0
Currency translation adjustments	108	(87)
Balance at end of period	12,008	8,078	8,165
TCCC franchise intangible | Accumulated amortisation
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	0	0
Amortisation expense	0	0
Disposals	0	0
Currency translation adjustments	0	0
Balance at end of period	0	0	0
Brands
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	0	0
Balance at end of period	22	0	0
Brands | Cost
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	0	0
Acquisition of CCL	211
Additions	0	0
Disposals	0	0
Transfers and reclassifications	0	0
Assets held for sale	(189)
Currency translation adjustments	0	0
Balance at end of period	22	0	0
Brands | Accumulated amortisation
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	0	0
Amortisation expense	0	0
Disposals	0	0
Currency translation adjustments	0	0
Balance at end of period	0	0	0
Software
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	149	111
Balance at end of period	274	149	111
Software | Cost
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	382	333
Acquisition of CCL	55
Additions	65	34
Disposals	(23)	(34)
Transfers and reclassifications	74	61
Assets held for sale	0
Currency translation adjustments	18	(12)
Balance at end of period	571	382	333
Software | Accumulated amortisation
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	(233)	(222)
Amortisation expense	(75)	(54)	(44)
Disposals	20	34
Currency translation adjustments	(9)	9
Balance at end of period	(297)	(233)	(222)
Customer relationships
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	118	126
Balance at end of period	144	118	126
Customer relationships | Cost
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	161	161
Acquisition of CCL	37
Additions	0	0
Disposals	0	0
Transfers and reclassifications	0	0
Assets held for sale	0
Currency translation adjustments	(1)	0
Balance at end of period	197	161	161
Customer relationships | Accumulated amortisation
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	(43)	(35)
Amortisation expense	(9)	(8)	(8)
Disposals	0	0
Currency translation adjustments	(1)	0
Balance at end of period	(53)	(43)	(35)
Non-TCCC franchise intangible
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	0	0
Balance at end of period	144	0	0
Non-TCCC franchise intangible | Cost
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	0	0
Acquisition of CCL	149
Additions	0	0
Disposals	0	0
Transfers and reclassifications	0	0
Assets held for sale	0
Currency translation adjustments	0	0
Balance at end of period	149	0	0
Non-TCCC franchise intangible | Accumulated amortisation
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	0	0
Amortisation expense	(5)	0
Disposals	0	0
Currency translation adjustments		0
Balance at end of period	(5)	0	0
Assets under construction
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	69	104
Balance at end of period	47	69	104
Assets under construction | Cost
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	69	104
Acquisition of CCL	11
Additions	40	26
Disposals	0	0
Transfers and reclassifications	(74)	(61)
Assets held for sale	0
Currency translation adjustments	1	0
Balance at end of period	47	69	104
Assets under construction | Accumulated amortisation
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	0	0
Amortisation expense	0	0
Disposals	0	0
Currency translation adjustments	0	0
Balance at end of period	0	0	0
Goodwill
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	2,517	2,520
Balance at end of period	4,623	2,517	2,520
Goodwill | Cost
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	2,517	2,520
Acquisition of CCL	2,097
Additions	0	0
Disposals	0	0
Transfers and reclassifications	0	0
Assets held for sale	0
Currency translation adjustments	9	(3)
Balance at end of period	4,623	2,517	2,520
Goodwill | Accumulated amortisation
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Balance at beginning of period	0	0
Amortisation expense	0	0
Disposals	0	0
Currency translation adjustments	0	0
Balance at end of period	€ 0	€ 0	€ 0

Intangible assets and goodwil_4

Intangible assets and goodwill - Summary of Intangible Assets and Goodwill Attributable to Significant Cash-Generating Units (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets	€ 12,639	€ 8,414
Goodwill	4,623	2,517
Iberia
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets	4,289
Goodwill	1,275	1,275
Iberia | TCCC franchise intangible
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets		4,289
Australia
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets	2,698
Goodwill	1,459	0
Australia | TCCC franchise intangible
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets		0
Great Britain
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets	1,740
Goodwill	200	200
Great Britain | TCCC franchise intangible
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets		1,624
Germany
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets	1,060
Goodwill	€ 748	748
Germany | TCCC franchise intangible
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Intangible assets		€ 1,060

Intangible assets and goodwil_5

Intangible assets and goodwill - Summary of Pre-tax Discount Rates Attributable to Significant Cash-Generating Units (Details)	Dec. 31, 2021	Dec. 31, 2020
Iberia
Disclosure of information for cash-generating units [line items]
Discount rate applied to cash flow projections	9.00%	9.00%
Great Britain
Disclosure of information for cash-generating units [line items]
Discount rate applied to cash flow projections	10.00%	9.00%
Germany
Disclosure of information for cash-generating units [line items]
Discount rate applied to cash flow projections	9.00%	9.00%

Property, plant and equipment -

Property, plant and equipment - Summary of Estimated Useful Lives (Details)	12 Months Ended
	Dec. 31, 2021
Low | Buildings and improvements
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (years)	10 years
Low | Machinery, equipment and containers
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (years)	3 years
Low | Cold drink equipment
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (years)	4 years
Low | Vehicle fleet
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (years)	3 years
Low | Furniture and office equipment
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (years)	4 years
High | Buildings and improvements
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (years)	40 years
High | Machinery, equipment and containers
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (years)	20 years
High | Cold drink equipment
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (years)	12 years
High | Vehicle fleet
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (years)	12 years
High | Furniture and office equipment
Disclosure of detailed information about property, plant and equipment [line items]
Useful lives (years)	10 years

Property, plant and equipment_2

Property, plant and equipment - Summary of Movement (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	€ 3,860	€ 4,205
Property, plant and equipment end of period	5,248	3,860
Decrease through classified as held for sale, property, plant and equipment	4
Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	6,845	6,890
Acquisition of CCL	1,568
Additions	479	422
Disposals	(637)	(388)
Transfers and reclassifications	(4)	0
Other	109	(79)
Property, plant and equipment end of period	8,360	6,845
Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	(2,985)	(2,685)
Depreciation expense	(693)	(665)
Disposals	610	327
Other	(44)	38
Property, plant and equipment end of period	(3,112)	(2,985)
Land
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	317	316
Property, plant and equipment end of period	663	317
Land | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	317	316
Acquisition of CCL	339
Additions	2	18
Disposals	(3)	(12)
Transfers and reclassifications	0	1
Other	8	(6)
Property, plant and equipment end of period	663	317
Land | Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	0	0
Depreciation expense	0	0
Disposals	0	0
Other	0	0
Property, plant and equipment end of period	0	0
Buildings and improvements
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	1,195	1,198
Property, plant and equipment end of period	1,663	1,195
Buildings and improvements | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	1,846	1,755
Acquisition of CCL	492
Additions	41	89
Disposals	(28)	(32)
Transfers and reclassifications	47	49
Other	31	(15)
Property, plant and equipment end of period	2,429	1,846
Buildings and improvements | Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	(651)	(557)
Depreciation expense	(123)	(117)
Disposals	17	15
Other	(9)	8
Property, plant and equipment end of period	(766)	(651)
Machinery, equipment and containers
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	1,638	1,670
Property, plant and equipment end of period	2,105	1,638
Machinery, equipment and containers | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	2,975	2,805
Acquisition of CCL	529
Additions	119	112
Disposals	(218)	(81)
Transfers and reclassifications	129	173
Other	44	(34)
Property, plant and equipment end of period	3,578	2,975
Machinery, equipment and containers | Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	(1,337)	(1,135)
Depreciation expense	(326)	(297)
Disposals	208	79
Other	(18)	16
Property, plant and equipment end of period	(1,473)	(1,337)
Cold drink equipment
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	383	501
Property, plant and equipment end of period	395	383
Cold drink equipment | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	1,155	1,210
Acquisition of CCL	108
Additions	50	46
Disposals	(319)	(86)
Transfers and reclassifications	11	0
Other	21	(15)
Property, plant and equipment end of period	1,026	1,155
Cold drink equipment | Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	(772)	(709)
Depreciation expense	(163)	(159)
Disposals	319	86
Other	(15)	10
Property, plant and equipment end of period	(631)	(772)
Vehicle fleet
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	142	148
Property, plant and equipment end of period	147	142
Vehicle fleet | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	283	291
Acquisition of CCL	7
Additions	62	64
Disposals	(54)	(69)
Transfers and reclassifications	1	0
Other	(1)	(3)
Property, plant and equipment end of period	298	283
Vehicle fleet | Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	(141)	(143)
Depreciation expense	(61)	(62)
Disposals	51	63
Other	0	1
Property, plant and equipment end of period	(151)	(141)
Furniture and office equipment
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	60	93
Property, plant and equipment end of period	69	60
Furniture and office equipment | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	144	234
Acquisition of CCL	15
Additions	10	16
Disposals	(16)	(107)
Transfers and reclassifications	5	4
Other	2	(3)
Property, plant and equipment end of period	160	144
Furniture and office equipment | Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	(84)	(141)
Depreciation expense	(20)	(30)
Disposals	15	84
Other	(2)	3
Property, plant and equipment end of period	(91)	(84)
Assets under construction
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	125	279
Property, plant and equipment end of period	206	125
Assets under construction | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	125	279
Acquisition of CCL	78
Additions	195	77
Disposals	1	(1)
Transfers and reclassifications	(197)	(227)
Other	4	(3)
Property, plant and equipment end of period	206	125
Assets under construction | Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment beginning of period	0	0
Depreciation expense	0	0
Disposals	0	0
Other	0	0
Property, plant and equipment end of period	€ 0	€ 0

Property, plant and equipment_3

Property, plant and equipment - Right-to-Use Assets (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	May 10, 2021
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets	€ 649	€ 364
Additions to right-of-use assets	139	117
Coca-Cola Amatil Limited
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets acquired			€ 307
Buildings and improvements
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets	438	202
Additions to right-of-use assets	56	37
Vehicle fleet
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets	135	137
Additions to right-of-use assets	59	61
Machinery, equipment and containers
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets	71	19
Additions to right-of-use assets	22	8
Furniture and office equipment
Disclosure of detailed information about property, plant and equipment [line items]
Right-of-use assets	5	6
Additions to right-of-use assets	€ 2	€ 11

Property, plant and equipment_4

Property, plant and equipment - Narrative (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [abstract]
Additions to right-of-use assets	€ 120	€ 134
Expense relating to low value and short-term leases	16	€ 18
Value of lease extension and termination options, right-of-use assets	€ 16

Inventories (Details)

Inventories (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Inventories [Abstract]
Finished goods	€ 635	€ 389
Raw materials and supplies	375	210
Spare parts and other	147	82
Total inventories	1,157	681
Write-down of inventories	€ 41	€ 29	€ 25

Trade accounts receivable - Nar

Trade accounts receivable - Narrative (Details) - Credit risk	12 Months Ended
	Dec. 31, 2021
Low
Disclosure Of Trade Receivables [Line Items]
Accounts receivable term	30 days
High
Disclosure Of Trade Receivables [Line Items]
Accounts receivable term	60 days

Trade accounts receivable - Sum

Trade accounts receivable - Summary of Trade Accounts Receivable Outstanding (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Trade Receivables [Line Items]
Total trade accounts receivable	€ 2,305	€ 1,439
Trade accounts receivable, gross
Disclosure Of Trade Receivables [Line Items]
Total trade accounts receivable	2,354	1,478
Allowance for doubtful accounts
Disclosure Of Trade Receivables [Line Items]
Total trade accounts receivable	€ (49)	€ (39)

Trade accounts receivable - S_2

Trade accounts receivable - Summary of Aging of Trade Accounts Receivable, Net of Allowance for Doubtful Accounts (Details) - Trade receivables - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	€ 2,305	€ 1,439
Not past due
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	2,172	1,389
Past due 1 - 30 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	88	23
Past due 31 - 60 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	18	3
Past due 61 - 90 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	9	4
Past due 91 - 120 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	3	1
Past due 121+ days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	€ 15	€ 19

Trade accounts receivable - S_3

Trade accounts receivable - Summary of Allowance For Doubtful Accounts (Details) - Trade receivables - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Changes in allowance account for credit losses of financial assets [abstract]
Balance at beginning of period	€ (39)	€ (18)
Provision for impairment recognised during the year	(13)	(25)
Receivables written off during the year as uncollectible	3	4
Balance at end of period	€ (49)	€ (39)

Cash and cash equivalents and_3

Cash and cash equivalents and short term investments - Summary of Cash and Cash Equivalents Outstanding (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash and cash equivalents [abstract]
Cash at banks and on hand	€ 708	€ 643
Short term deposits and securities	699	880
Total cash and cash equivalents	€ 1,407	€ 1,523	€ 316	€ 309

Cash and cash equivalents and_4

Cash and cash equivalents and short term investments - Cash and Cash Equivalents by Currency (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure of Cash and Cash Equivalents by Currency [Line Items]
Cash and cash equivalents	€ 1,407	€ 1,523	€ 316	€ 309
Euro
Disclosure of Cash and Cash Equivalents by Currency [Line Items]
Cash and cash equivalents	524	950
British Pound
Disclosure of Cash and Cash Equivalents by Currency [Line Items]
Cash and cash equivalents	337	424
US Dollar
Disclosure of Cash and Cash Equivalents by Currency [Line Items]
Cash and cash equivalents	74	32
Norwegian Krone
Disclosure of Cash and Cash Equivalents by Currency [Line Items]
Cash and cash equivalents	64	70
Swedish Krona
Disclosure of Cash and Cash Equivalents by Currency [Line Items]
Cash and cash equivalents	31	33
Australian Dollar
Disclosure of Cash and Cash Equivalents by Currency [Line Items]
Cash and cash equivalents	234	0
Indonesian Rupiah
Disclosure of Cash and Cash Equivalents by Currency [Line Items]
Cash and cash equivalents	41	0
Papua New Guinean Kina
Disclosure of Cash and Cash Equivalents by Currency [Line Items]
Cash and cash equivalents	45	0
Restricted cash and cash equivalents	45
Other
Disclosure of Cash and Cash Equivalents by Currency [Line Items]
Cash and cash equivalents	€ 57	€ 14

Cash and cash equivalents and_5

Cash and cash equivalents and short term investments - Short Term Investments (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Cash and Cash Equivalents by Currency [Line Items]
Short term investments	€ 58	€ 0
Papua New Guinean Kina
Disclosure of Cash and Cash Equivalents by Currency [Line Items]
Short term investments	€ 44

Fair values - Summary of Disclo

Fair values - Summary of Disclosure of Borrowings (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Fair Value Measurement [Line Items]
Borrowings	€ 13,140	€ 7,187
Level 2 | Fair value
Disclosure Of Fair Value Measurement [Line Items]
Borrowings	€ 13,316	€ 7,585

Fair values - Summary of the Fa

Fair values - Summary of the Fair Value of Assets and Liabilities (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Assets at fair value:
Derivatives (Note 13)	€ 376	€ 46
Liabilities at fair value:
Derivatives (Note 13)	€ 66	€ 77

Hedging activities - Narrative

Hedging activities - Narrative (Details)	12 Months Ended
	Dec. 31, 2021EUR (€)	Dec. 31, 2020EUR (€)	Dec. 31, 2019EUR (€)
Disclosure of detailed information about hedges [line items]
Entity hedge ratio	1
Net gains recognized in other comprehensive income from cash flow hedges	€ 125,000,000	€ 25,000,000	€ 10,000,000
Borrowings	13,140,000,000	7,187,000,000
Gains (losses) on hedged item attributable to hedged risk, fair value hedges	15,000,000	0
Commodity contracts
Disclosure of detailed information about hedges [line items]
Notional amount of non-designated hedging instrument	59,000,000	0
Cash flow hedges
Disclosure of detailed information about hedges [line items]
Notional amount	4,221,000,000	4,383,000,000	1,670,000,000
Cash flow hedges | Interest rate and cross currency swaps
Disclosure of detailed information about hedges [line items]
Notional amount	2,225,000,000	396,000,000	736,000,000
Fair value hedges
Disclosure of detailed information about hedges [line items]
Notional amount	166,000,000	0	€ 0
Borrowings	173,000,000	0
Net investment hedges
Disclosure of detailed information about hedges [line items]
Notional amount	0	0
Deal contingent foreign currency forwards | Cash flow hedges | Coca-Cola Amatil Limited
Disclosure of detailed information about hedges [line items]
Notional amount	5,600,000,000
Amounts removed from equity and included in carrying amount of non-financial asset (liability) whose acquisition or incurrence was hedged highly probable forecast transaction, net of tax	84,000,000
Foreign currency contracts | Cash flow hedges
Disclosure of detailed information about hedges [line items]
Notional amount	1,100,000,000	300,000,000
Commodity contracts | Cash flow hedges
Disclosure of detailed information about hedges [line items]
Notional amount	€ 900,000,000	€ 700,000,000

Hedging activities - Fair Value

Hedging activities - Fair Value of Assets and Liabilities Related to Derivative Financial Instruments (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Assets:
Derivatives (Note 13)	€ 376	€ 46
Liabilities:
Derivatives (Note 13)	66	77
Commodity contracts | Non-current derivative assets
Assets:
Derivatives (Note 13)	75	6
Commodity contracts | Current derivative assets
Assets:
Derivatives (Note 13)	128	13
Commodity contracts | Non-current derivative liabilities
Liabilities:
Derivatives (Note 13)	3	9
Commodity contracts | Current derivative liabilities
Liabilities:
Derivatives (Note 13)	5	24
Foreign currency contracts | Non-current derivative assets
Assets:
Derivatives (Note 13)	3	0
Foreign currency contracts | Current derivative assets
Assets:
Derivatives (Note 13)	16	3
Foreign currency contracts | Non-current derivative liabilities
Liabilities:
Derivatives (Note 13)	0	6
Foreign currency contracts | Current derivative liabilities
Liabilities:
Derivatives (Note 13)	14	4
Interest rate and cross currency swaps | Non-current derivative assets
Assets:
Derivatives (Note 13)	148	0
Interest rate and cross currency swaps | Current derivative assets
Assets:
Derivatives (Note 13)	6	0
Interest rate and cross currency swaps | Non-current derivative liabilities
Liabilities:
Derivatives (Note 13)	44	0
Interest rate and cross currency swaps | Current derivative liabilities
Liabilities:
Derivatives (Note 13)	0	34
Deal contingent foreign currency forwards | Current derivative assets
Assets:
Derivatives (Note 13)	€ 0	€ 24

Hedging activities - Schedule o

Hedging activities - Schedule of Notational Maturity Profile (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	€ 4,221	€ 4,383	€ 1,670
Fair value hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	166	0	0
Foreign currency contracts | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	1,074	310	475
Foreign currency contracts | Fair value hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	166
Interest rate and cross currency swaps | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	2,225	396	736
Commodity contracts | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	922	677	459
Deal contingent foreign currency forwards | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount		3,000
Less than 1 year | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	1,622	3,973	889
Less than 1 year | Fair value hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	0	0	0
Less than 1 year | Foreign currency contracts | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	912	174	303
Less than 1 year | Foreign currency contracts | Fair value hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	0
Less than 1 year | Interest rate and cross currency swaps | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	144	396	340
Less than 1 year | Commodity contracts | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	566	403	246
Less than 1 year | Deal contingent foreign currency forwards | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount		3,000
1 to 3 years | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	1,883	410	781
1 to 3 years | Fair value hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	0	0	0
1 to 3 years | Foreign currency contracts | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	162	136	172
1 to 3 years | Foreign currency contracts | Fair value hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	0
1 to 3 years | Interest rate and cross currency swaps | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	1,365	0	396
1 to 3 years | Commodity contracts | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	356	274	213
1 to 3 years | Deal contingent foreign currency forwards | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount		0
3 to 5 years | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	0	0	0
3 to 5 years | Fair value hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	0	0	0
3 to 5 years | Foreign currency contracts | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	0	0	0
3 to 5 years | Foreign currency contracts | Fair value hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	0
3 to 5 years | Interest rate and cross currency swaps | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	0	0	0
3 to 5 years | Commodity contracts | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	0	0	0
3 to 5 years | Deal contingent foreign currency forwards | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount		0
Over 5 years | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	716	0	0
Over 5 years | Fair value hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	166	0	0
Over 5 years | Foreign currency contracts | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	0	0	0
Over 5 years | Foreign currency contracts | Fair value hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	166
Over 5 years | Interest rate and cross currency swaps | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	716	0	0
Over 5 years | Commodity contracts | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount	€ 0	0	€ 0
Over 5 years | Deal contingent foreign currency forwards | Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Notional amount		€ 0

Hedging activities - Schedule_2

Hedging activities - Schedule of Net Tax Effect of Cash Flow Hedges (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flow hedges
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items]
Reclassification adjustments on cash flow hedges, net of tax	€ (5)	€ (12)	€ 1
Fair value hedges
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items]
Reclassification adjustments on cash flow hedges, net of tax	(2)	0	0
Cost of sales | Foreign currency contracts | Cash flow hedges
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items]
Reclassification adjustments on cash flow hedges, net of tax	(3)	1	0
Cost of sales | Commodity contracts | Cash flow hedges
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items]
Reclassification adjustments on cash flow hedges, net of tax	74	(33)	(17)
Selling and distribution expenses | Commodity contracts | Cash flow hedges
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items]
Reclassification adjustments on cash flow hedges, net of tax	2	(3)	0
Finance costs | Foreign currency contracts | Cash flow hedges
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items]
Reclassification adjustments on cash flow hedges, net of tax	(78)	23	18
Finance costs | Foreign currency contracts | Fair value hedges
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items]
Reclassification adjustments on cash flow hedges, net of tax	€ (2)	€ 0	€ 0

Hedging activities - Schedule_3

Hedging activities - Schedule of Non-Hedge Designated Derivatives (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about financial instruments [line items]
Gains (losses) on change in fair value of derivatives	€ 0	€ (16)	€ 3
Selling and distribution expenses | Commodity contracts
Disclosure of detailed information about financial instruments [line items]
Gains (losses) on change in fair value of derivatives	0	(12)	5
Non-operating items | Foreign currency contracts
Disclosure of detailed information about financial instruments [line items]
Gains (losses) on change in fair value of derivatives	€ 0	€ (4)	€ (2)

Borrowings and leases - Schedul

Borrowings and leases - Schedule of Borrowings Outstanding (Details) € in Millions, ¥ in Millions, kr in Millions, $ in Millions, $ in Millions	Jun. 30, 2021USD ($)	May 31, 2021EUR (€)	Dec. 31, 2021EUR (€)	Dec. 31, 2020EUR (€)	Dec. 31, 2019EUR (€)	Dec. 31, 2021USD ($)	Dec. 31, 2021AUD ($)	Dec. 31, 2021NOK (kr)	Dec. 31, 2021JPY (¥)	Dec. 30, 2021AUD ($)	Dec. 30, 2021JPY (¥)	Nov. 30, 2021EUR (€)	May 31, 2021USD ($)
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 11,790	€ 6,382
Total current borrowings			1,350	805
Repayments of borrowings			950	569	€ 625
Proceeds from borrowings, net		€ 4,877	4,877	1,598	€ 987
€700 million 0.75% Notes 2022
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			0	699
Total current borrowings			700	0
Notional amount			€ 700
Borrowings, interest rate			0.75%			0.75%	0.75%	0.75%	0.75%
€350 million 2.625% Notes 2023
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 349	349
Notional amount			€ 350
Borrowings, interest rate			2.625%			2.625%	2.625%	2.625%	2.625%
€500 million 1.125% Notes 2024
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 497	497
Notional amount			€ 500
Borrowings, interest rate			1.125%			1.125%	1.125%	1.125%	1.125%
€350 million 2.375% Notes 2025
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 348	347
Notional amount			€ 350
Borrowings, interest rate			2.375%			2.375%	2.375%	2.375%	2.375%
€250 million 2.750% Notes 2026
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 249	248
Notional amount			€ 250
Borrowings, interest rate			2.75%			2.75%	2.75%	2.75%	2.75%
€600 million 1.75% Notes 2026
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 594	592
Notional amount			€ 600
Borrowings, interest rate			1.75%			1.75%	1.75%	1.75%	1.75%
€400 million 1.50% Notes 2027
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 397	396
Notional amount			€ 400
Borrowings, interest rate			1.50%			1.50%	1.50%	1.50%	1.50%
€250 million 1.50% Notes 2027
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 261	263
Notional amount			€ 250
Borrowings, interest rate			1.50%			1.50%	1.50%	1.50%	1.50%
€500 million 1.75% Notes 2028
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 495	494
Notional amount			€ 500
Borrowings, interest rate			1.75%			1.75%	1.75%	1.75%	1.75%
€750 million 0.20% Notes 2028
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 743	742
Notional amount			€ 750
Borrowings, interest rate			0.20%			0.20%	0.20%	0.20%	0.20%
€500 million 1.125% Notes 2029
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 494	494
Notional amount			€ 500
Borrowings, interest rate			1.125%			1.125%	1.125%	1.125%	1.125%
€500 million 1.875% Notes 2030
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 496	496
Notional amount			€ 500
Borrowings, interest rate			1.875%			1.875%	1.875%	1.875%	1.875%
€500 million 0.70% Notes 2031
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 496	496
Notional amount			€ 500
Borrowings, interest rate			0.70%			0.70%	0.70%	0.70%	0.70%
€800 million —% Notes due 2025
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 797	0
Notional amount		€ 800	€ 800
Borrowings, interest rate		0.00%	0.00%			0.00%	0.00%	0.00%	0.00%				0.00%
€700 million 0.50% Notes due 2029
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 694	0
Notional amount		€ 700	€ 700
Borrowings, interest rate		0.50%	0.50%			0.50%	0.50%	0.50%	0.50%				0.50%
€1,000 million 0.875% Notes due 2033
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 990	0
Notional amount		€ 1,000	€ 1,000
Borrowings, interest rate		0.875%	0.875%			0.875%	0.875%	0.875%	0.875%				0.875%
€750 million 1.50% Notes due 2041
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 746	0
Notional amount		€ 750	€ 750
Borrowings, interest rate		1.50%	1.50%			1.50%	1.50%	1.50%	1.50%				1.50%
$850 million 0.5% Notes due 2023
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 747	0
Notional amount | $						$ 850							$ 850
Borrowings, interest rate		0.50%	0.50%			0.50%	0.50%	0.50%	0.50%				0.50%
$650 million 0.8% Notes due 2024
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 571	0
Notional amount | $						$ 650							$ 650
Borrowings, interest rate		0.80%	0.80%			0.80%	0.80%	0.80%	0.80%				0.80%
$500 million 1.5% Notes due 2027
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 439	0
Notional amount | $						$ 500							$ 500
Borrowings, interest rate		1.50%	1.50%			1.50%	1.50%	1.50%	1.50%				1.50%
A$100 million 3.50% Notes2024
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 68	0
Notional amount | $							$ 100
Borrowings, interest rate			3.50%			3.50%	3.50%	3.50%	3.50%
A$30 million 4.166% Notes 2025
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 21	0
Notional amount | $							$ 30
Borrowings, interest rate			4.166%			4.166%	4.166%	4.166%	4.166%
A$20 million 4.25% Notes 2025
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 14	0
Notional amount | $							$ 20
Borrowings, interest rate			4.25%			4.25%	4.25%	4.25%	4.25%
A$30 million 4.125% Notes 2026
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 21	0
Notional amount | $							$ 30
Borrowings, interest rate			4.125%			4.125%	4.125%	4.125%	4.125%
A$50 million 4.155% Notes 2028
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 36	0
Notional amount | $							$ 50
Borrowings, interest rate			4.155%			4.155%	4.155%	4.155%	4.155%
A$133 million 2.45% Notes 2029
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 87	0
Notional amount | $							$ 133
Borrowings, interest rate			2.45%			2.45%	2.45%	2.45%	2.45%
A$50 million 4.20% Notes 2031
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 37	0
Notional amount | $							$ 50
Borrowings, interest rate			4.20%			4.20%	4.20%	4.20%	4.20%
A$187 million 4.20% Notes 2031
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 138	0
Notional amount | $							$ 187
Borrowings, interest rate			4.20%			4.20%	4.20%	4.20%	4.20%
A$13 million 4.20% Notes 2031
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 10	0
Notional amount | $							$ 13
Borrowings, interest rate			4.20%			4.20%	4.20%	4.20%	4.20%
US$25 million 4.34% Notes 2023
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 23	0
Notional amount | $						$ 25
Borrowings, interest rate			4.34%			4.34%	4.34%	4.34%	4.34%
US$25 million 4.34% Notes 2023
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 23	0
Notional amount | $						$ 25
Borrowings, interest rate			4.34%			4.34%	4.34%	4.34%	4.34%
NOK1 billion 3.04% Notes 2028
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 105	0
Notional amount | kr								kr 1,000
Borrowings, interest rate			3.04%			3.04%	3.04%	3.04%	3.04%
NOK750 million 2.75% Notes 2030
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 77	0
Notional amount | kr								kr 750
Borrowings, interest rate			2.75%			2.75%	2.75%	2.75%	2.75%
US$50 million 2.653% Notes 2030
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 45	0
Notional amount | $						$ 50
Borrowings, interest rate			2.653%			2.653%	2.653%	2.653%	2.653%
JPY10 billion 4.15% Notes 2036
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 90	0
Notional amount | ¥									¥ 10,000
Borrowings, interest rate			4.15%			4.15%	4.15%	4.15%	4.15%
JPY12.3 billion billion 1.06% Notes 2037
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 83	0
Notional amount | ¥									¥ 12,300
Borrowings, interest rate			1.06%			1.06%	1.06%	1.06%	1.06%
Lease obligations
Disclosure of detailed information about borrowings [line items]
Total non-current borrowings			€ 509	269
€350 million Floating Rate Note 2021
Disclosure of detailed information about borrowings [line items]
Total current borrowings			0	350
Notional amount			€ 350									€ 350
€350 million Floating Rate Note 2021 | Eurodollar
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis			0.18%			0.18%	0.18%	0.18%	0.18%
Minimum interest rate			0.00%			0.00%	0.00%	0.00%	0.00%
US$250 million 3.25% Notes 2021
Disclosure of detailed information about borrowings [line items]
Total current borrowings			€ 0	156
Notional amount | $						$ 250
Borrowings, interest rate	3.25%		3.25%			3.25%	3.25%	3.25%	3.25%
Repayments of borrowings | $	$ 250
US$300 million 4.50% Notes 2021
Disclosure of detailed information about borrowings [line items]
Total current borrowings			€ 0	203
Notional amount | $						$ 300
Borrowings, interest rate	4.50%		4.50%			4.50%	4.50%	4.50%	4.50%
Repayments of borrowings | $	$ 300
A$200 million 3.34% Notes 2022
Disclosure of detailed information about borrowings [line items]
Total current borrowings			€ 129	0
Notional amount | $							$ 200
Borrowings, interest rate			3.34%			3.34%	3.34%	3.34%	3.34%
A$30 million 5.06% Notes 2022
Disclosure of detailed information about borrowings [line items]
Total current borrowings			€ 20	0
Notional amount | $							$ 30
Borrowings, interest rate			5.06%			5.06%	5.06%	5.06%	5.06%
A$125 million 3.13% Notes 2022
Disclosure of detailed information about borrowings [line items]
Total current borrowings			€ 81	0
Notional amount | $							$ 125
Borrowings, interest rate			3.13%			3.13%	3.13%	3.13%	3.13%
EUR commercial paper
Disclosure of detailed information about borrowings [line items]
Total current borrowings			€ 285	0
Lease obligations
Disclosure of detailed information about borrowings [line items]
Total current borrowings			€ 134	€ 96
4.63% AUD Notes
Disclosure of detailed information about borrowings [line items]
Notional amount | $										$ 100
Borrowings, interest rate										4.63%	4.63%
3.65% AUD Notes
Disclosure of detailed information about borrowings [line items]
Notional amount | $										$ 45
Borrowings, interest rate										6.65%	6.65%
2.54% JPY Notes
Disclosure of detailed information about borrowings [line items]
Notional amount | ¥											¥ 3,000
Borrowings, interest rate										2.54%	2.54%
4.25% AUD Notes
Disclosure of detailed information about borrowings [line items]
Notional amount | $										$ 100
Borrowings, interest rate										4.25%	4.25%
5.95% AUD Notes
Disclosure of detailed information about borrowings [line items]
Notional amount | $										$ 30
Borrowings, interest rate										5.95%	5.95%

Borrowings and leases - Narrati

Borrowings and leases - Narrative (Details)	12 Months Ended
	Dec. 31, 2021EUR (€)banks	Dec. 31, 2020EUR (€)	Dec. 31, 2019EUR (€)
Disclosure of detailed information about borrowings [line items]
Borrowings, unamortised financing fees	€ 42,000,000	€ 26,000,000
Interest expense on lease liabilities	10,000,000
Borrowings	13,140,000,000	7,187,000,000
Cash received from income on the cross currency swap	27,000,000	24,000,000	€ 36,000,000
Cash outflow for leases	149,000,000	120,000,000	€ 132,000,000
Multi-currency Credit Facility
Disclosure of detailed information about borrowings [line items]
Credit facility	€ 1,950,000,000	€ 1,500,000,000
Number of credit facility banks | banks	13
Borrowings	€ 0

Borrowings and leases - Reconci

Borrowings and leases - Reconciliation of Movements of Liabilities to Cash Flows Arising from Financing Activities (Details) - EUR (€) € in Millions	1 Months Ended	12 Months Ended
	May 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Changes from financing cash flows
Proceeds from borrowings, net	€ 4,877	€ 4,877	€ 1,598	€ 987
Changes in short-term borrowings		276	(221)	101
Repayments on third party borrowings		(950)	(569)	(625)
Payments of principal on lease obligations		(139)	(116)	(128)
Total
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance		7,187	6,421
Acquisition of API		1,632
Changes from financing cash flows
Proceeds from borrowings, net		4,877	1,598
Changes in short-term borrowings		276	(221)
Repayments on third party borrowings		(950)	(569)
Payments of principal on lease obligations			(120)
Payment of principal and interest on lease obligations		(149)
Other non-cash changes
Amortisation of discount, premium and issue costs		(3)	8
Lease additions		122	101
Movement as a result of fair value hedges		15
Currency translation		133	(31)
Reclassifications		0	0
Total changes		5,953	766
Ending balance		13,140	7,187	6,421
Current portion of borrowings
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance		805	799
Acquisition of API		381
Changes from financing cash flows
Proceeds from borrowings, net		0	0
Changes in short-term borrowings		276	(221)
Repayments on third party borrowings		(950)	(467)
Payments of principal on lease obligations			(120)
Payment of principal and interest on lease obligations		(149)
Other non-cash changes
Amortisation of discount, premium and issue costs		0	0
Lease additions		39	(7)
Movement as a result of fair value hedges		6
Currency translation		33	0
Reclassifications		909	821
Total changes		545	6
Ending balance		1,350	805	799
Borrowings, less current portion
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance		6,382	5,622
Acquisition of API		1,251
Changes from financing cash flows
Proceeds from borrowings, net		4,877	1,598
Changes in short-term borrowings		0	0
Repayments on third party borrowings		0	(102)
Payments of principal on lease obligations			0
Payment of principal and interest on lease obligations		0
Other non-cash changes
Amortisation of discount, premium and issue costs		(3)	8
Lease additions		83	108
Movement as a result of fair value hedges		9
Currency translation		100	(31)
Reclassifications		(909)	(821)
Total changes		5,408	760
Ending balance		€ 11,790	€ 6,382	€ 5,622

Trade and other payables - Narr

Trade and other payables - Narrative (Details) - EUR (€) € in Billions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Trade And Other Payables [Line Items]
Marketing costs	€ 4.1	€ 3.2	€ 3.2
Low
Trade And Other Payables [Line Items]
Trade payables settlement period	30 days
High
Trade And Other Payables [Line Items]
Trade payables settlement period	60 days

Trade and other payables - Summ

Trade and other payables - Summary of Trade and Other Payables (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Trade And Other Payables [Line Items]
Trade accounts payable	€ 1,691	€ 1,124
Accrued customer marketing costs	1,160	775
Accrued deposits	264	246
Accrued compensation and benefits	482	217
Accrued taxes	220	193
Other accrued expenses	420	199
Trade and other current payables	4,237	2,754
Supply Chain Finance
Trade And Other Payables [Line Items]
Trade accounts payable	€ 266	€ 219

Post-employment benefits - Non-

Post-employment benefits - Non-current Employee Benefit Liabilities (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Employee Benefits [Abstract]
Retirement benefit obligation	€ 103	€ 251
Other employee benefit liabilities	35	32
Total non-current employee benefit liabilities	€ 138	€ 283

Post-employment benefits - Narr

Post-employment benefits - Narrative (Details) € in Millions, £ in Millions	12 Months Ended
	Dec. 31, 2021EUR (€)	Dec. 31, 2020EUR (€)	Dec. 31, 2019EUR (€)	Dec. 31, 2021GBP (£)
Disclosure of defined benefit plans [line items]
Administrative expenses	€ 2	€ 2	€ 2
Gains arising from settlements, defined benefit plans	28
Property assets contributed to partnership | £				£ 171
Contributions to pension plan	39	52	61
Estimate of contributions expected to be paid to plan for next annual reporting period	22
Current provision for other employee benefit liabilities	10	13
Non-current provision for other employee benefit liabilities	35	32
Contributions to defined contribution plan	62	€ 34	€ 34
Partnership agreement
Disclosure of defined benefit plans [line items]
Contributions to pension plan	€ 10
Weighted average
Disclosure of defined benefit plans [line items]
Duration of defined benefit obligation	20 years
Great Britain
Disclosure of defined benefit plans [line items]
Present value of obligation, percentage	72.00%			72.00%
Fair value of assets, percentage	73.50%			73.50%
Additional future funding levels to plan	3.00%
Great Britain | Weighted average
Disclosure of defined benefit plans [line items]
Duration of defined benefit obligation	22 years
Germany
Disclosure of defined benefit plans [line items]
Present value of obligation, percentage	15.70%			15.70%
Fair value of assets, percentage	16.50%			16.50%
Germany | Weighted average
Disclosure of defined benefit plans [line items]
Duration of defined benefit obligation	15 years
DC scheme
Disclosure of defined benefit plans [line items]
Administrative expenses	€ 19

Post-employment benefits - Bene

Post-employment benefits - Benefit Costs (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Employee Benefits [Abstract]
Service cost	€ 26	€ 52	€ 46
Past service (credit)/cost	(23)	0	3
Net interest cost	2	2	1
Administrative expenses	2	2	2
Total cost	€ 7	€ 56	€ 52

Post-employment benefits - Othe

Post-employment benefits - Other Comprehensive Income (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Employee Benefits [Abstract]
Actuarial (gain)/loss on defined benefit obligation arising during the period	€ (66)	€ 160	€ 282
Return on plan assets (greater)/less than discount rate	(235)	(89)	(203)
Net charge to other comprehensive income	€ (301)	€ 71	€ 79

Post-employment benefits - Be_2

Post-employment benefits - Benefit Obligation and Fair Value of Plan Assets (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of benefit obligation:
Return on plan assets (greater)/less than discount rate	€ (235)	€ (89)	€ (203)
Benefit obligation
Reconciliation of benefit obligation:
Net defined benefit liability (asset) at beginning of period	2,340	2,236
Service cost	26	52
Past service cost	(23)	0
Interest costs (income) on defined benefit obligation	36	34
Plan participants contribution	(59)	(71)
Actuarial loss/(gain) - experience	2	(7)
Actuarial loss/(gain) - demographic assumptions	(2)	0
Actuarial loss/(gain) - financial assumptions	(66)	169
Benefit payments	150	121
Administrative expenses	2	2
Acquisition of CCL	66	0
Currency translation adjustment	123	(96)
Net defined benefit liability (asset) at end of period	2,413	2,340	2,236
Plan assets
Reconciliation of benefit obligation:
Net defined benefit liability (asset) at beginning of period	2,132	2,096
Interest costs (income) on defined benefit obligation	(34)	(32)
Return on plan assets (greater)/less than discount rate	235	89
Plan participants contribution	59	71
Employer contributions	39	52
Benefit payments	(150)	(121)
Acquisition of CCL	(40)	0
Currency translation adjustment	(115)	87
Net defined benefit liability (asset) at end of period	€ 2,504	€ 2,132	€ 2,096

Post-employment benefits - Reti

Post-employment benefits - Retirement Benefit Status (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Employee Benefits [Abstract]
Present value of obligation	€ (2,413)	€ (2,340)
Fair value of assets	2,504	2,132
Net benefit status:	91	(208)
Retirement benefit surplus (Note 25)	194	43
Retirement benefit obligation	€ (103)	€ (251)

Post-employment benefits - Actu

Post-employment benefits - Actuarial Assumptions, Financial Assumptions (Details)	Dec. 31, 2021	Dec. 31, 2020
Employee Benefits [Abstract]
Actuarial assumption of discount rates	1.80%	1.30%
Actuarial assumption of expected rates of salary increases	3.20%	2.70%
Actuarial assumption of expected rates of inflation	3.10%	2.60%

Post-employment benefits - Ac_2

Post-employment benefits - Actuarial Assumptions, Demographic Assumptions (Details) - year	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Employee Benefits [Abstract]
Retiring at the end of the reporting period, male	22.4	21.3
Retiring at the end of the reporting period, female	25	24
Retiring 15 years after the end of the reporting period, male	23.3	22.4
Retiring 15 years after the end of the reporting period, female	26.1	25.1
Retirement age	65 years

Post-employment benefits - Defi

Post-employment benefits - Defined Benefit Obligation Sensitivity (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Discount rate
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Change in assumption	0.50%
Change in assumption	0.50%
Impact on defined benefit obligation %, Increase in assumption	(8.50%)	(9.10%)
Impact on defined benefit obligation %, Decrease in assumption	9.70%	10.40%
Rate of compensation increase
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Change in assumption	0.50%
Change in assumption	0.50%
Impact on defined benefit obligation %, Increase in assumption	0.50%	2.30%
Impact on defined benefit obligation %, Decrease in assumption	(0.40%)	(2.10%)
Rate of price inflation
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Change in assumption	0.50%
Change in assumption	0.50%
Impact on defined benefit obligation %, Increase in assumption	6.70%	7.30%
Impact on defined benefit obligation %, Decrease in assumption	(5.90%)	(7.90%)
Mortality rates
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Change in assumption, period	1 year
Change in assumption, period	1 year
Impact on defined benefit obligation %, Increase in assumption	3.50%	3.40%
Impact on defined benefit obligation %, Decrease in assumption	(3.40%)	(3.50%)

Post-employment benefits - Pens

Post-employment benefits - Pension Plan Assets (Details) - EUR (€) € / shares in Units, € in Millions	Dec. 31, 2021	Dec. 31, 2020
Equity securities:
Equity securities	€ 221	€ 186
Fixed-income securities:
Cash and other short-term investments	6	114
Other investments:
Real estate funds	346	312
Insurance contracts	240	230
Investment funds	73
Derivatives	58	14
Total	€ 2,504	2,132
Short-term investments, fair value per unit (in Euro per unit)	€ 1
Investments quoted in active markets
Equity securities:
Equity securities	€ 221	186
Fixed-income securities:
Cash and other short-term investments	6	112
Other investments:
Real estate funds	39	31
Insurance contracts	0	0
Investment funds	0
Derivatives	0	0
Total	1,826	1,576
Unquoted investments
Equity securities:
Equity securities	0	0
Fixed-income securities:
Cash and other short-term investments	0	2
Other investments:
Real estate funds	307	281
Insurance contracts	240	230
Investment funds	73
Derivatives	58	14
Total	678	556
Corporate bonds and notes
Fixed-income securities:
Fixed-income securities	54	80
Corporate bonds and notes | Investments quoted in active markets
Fixed-income securities:
Fixed-income securities	54	51
Corporate bonds and notes | Unquoted investments
Fixed-income securities:
Fixed-income securities	0	29
Government bonds
Fixed-income securities:
Fixed-income securities	1,506	1,196
Government bonds | Investments quoted in active markets
Fixed-income securities:
Fixed-income securities	1,506	1,196
Government bonds | Unquoted investments
Fixed-income securities:
Fixed-income securities	€ 0	€ 0

Equity - Narrative (Details)

Equity - Narrative (Details) € in Millions	May 10, 2021	May 31, 2021	Nov. 30, 2020	Dec. 31, 2021EUR (€)voteshares	Dec. 31, 2020EUR (€)shares	Dec. 31, 2019EUR (€)shares	Dec. 31, 2018EUR (€)
Disclosure of classes of share capital [line items]
Number of shares issued and fully paid (in shares) | shares				456,235,032	454,645,510	456,399,877
Issue of shares during the year				€ 28	€ 14	€ 26
Equity				7,210	6,025	6,156	€ 6,564
Non-controlling interests recognised relating to business combination				228
Non-controlling interest				177	0
Transactions with non-controlling interests				(73)
The Coca-Cola Company | Coca-Cola Amatil Limited
Disclosure of classes of share capital [line items]
Proportion of ownership interests held by non-controlling interests		30.80%	30.80%
PT Coca-Cola Bottling Indonesia | TCCC
Disclosure of classes of share capital [line items]
Payment for return of capital				€ 62
PT Coca-Cola Bottling Indonesia | The Coca-Cola Company
Disclosure of classes of share capital [line items]
Proportion of ownership interests held by non-controlling interests		29.40%
PT Coca-Cola Bottling Indonesia | The Coca-Cola Company | Coca-Cola Amatil Limited
Disclosure of classes of share capital [line items]
Proportion of ownership interests held by non-controlling interests	29.40%
PT Coca-Cola Bottling Indonesia | Samoa Breweries Limited
Disclosure of classes of share capital [line items]
Proportion of ownership interests held by non-controlling interests				6.10%
Paradise Beverages (Fiji) Group
Disclosure of classes of share capital [line items]
Consideration paid				€ 11
Restricted Stock Units and Performance Share Units
Disclosure of classes of share capital [line items]
Dividends accrued				€ 1	€ 1	€ 0
Share capital
Disclosure of classes of share capital [line items]
Number of shares issued related to share-based payments awards (in shares) | shares				1,589,522	1,310,833	2,092,404
Number of shares cancelled (in shares) | shares				0	3,065,200	20,612,593
Equity				€ 5	€ 5	€ 5	5
Share premium
Disclosure of classes of share capital [line items]
Issue of shares during the year				28	14	26
Equity				220	192	178	152
Merger reserves
Disclosure of classes of share capital [line items]
Equity				287	€ 287	€ 287	€ 287
Non-controlling interest
Disclosure of classes of share capital [line items]
Equity				177
Non-controlling interests recognised relating to business combination				228
Transactions with non-controlling interests				(73)
Non-controlling interest | PT Coca-Cola Bottling Indonesia | The Coca-Cola Company
Disclosure of classes of share capital [line items]
Non-controlling interest				€ 216
Ordinary shares
Disclosure of classes of share capital [line items]
Number of votes per share | vote				1

Equity - Rollforward of Shares

Equity - Rollforward of Shares and Share Capital (Details) - EUR (€) € in Millions, shares in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of classes of share capital [line items]
Beginning balance	€ 6,025
Closing balance	€ 7,033	€ 6,025
Share capital
Disclosure of classes of share capital [line items]
Beginning balance (in shares)	455	456	475
Beginning balance	€ 5	€ 5	€ 5
Issuance of Shares (in shares)	1	2	2
Cancellation of Shares (in shares)	0	(3)	(21)
Ending balance (in shares)	456	455	456
Closing balance	€ 5	€ 5	€ 5

Equity - Other Reserves (Detail

Equity - Other Reserves (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity [abstract]
Cash flow hedge reserve	€ 151	€ 20	€ (17)
Net investment hedge reserve	197	197	197
Foreign currency translation adjustment reserve	(509)	(754)	(629)
Other reserves	5	0	0
Total other reserves	€ (156)	€ (537)	€ (449)

Equity - Dividends (Details)

Equity - Dividends (Details) - EUR (€) € / shares in Units, € in Millions	6 Months Ended							12 Months Ended
	Dec. 31, 2021	Jul. 02, 2021	Dec. 31, 2020	Jun. 26, 2020	Dec. 31, 2019	Dec. 31, 2019	Jun. 28, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity [abstract]
Total dividend on ordinary shares paid	€ 638	€ 0	€ 386	€ 0	€ 284		€ 290	€ 638	€ 386	€ 574
Dividend rate (in euros per share)						€ 0.62	€ 0.62	€ 1.40	€ 0.85

Total operating costs - Signifi

Total operating costs - Significant Cost Items by Nature (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Analysis of income and expense [abstract]
Cost of inventory recognised as an expense	€ 6,156	€ 4,626	€ 5,147
Write down of inventories (Note 9)	41	29	25
Logistics costs	1,012	763	900
Depreciation of property, plant and equipment, excluding restructuring	637	544	549
Amortisation of intangible assets (Note 7)	89	62	52
Acquisition related costs	53	14	0
Out of period mark-to-market effects on undesignated derivatives	0	2	(2)
Restructuring charges including accelerated depreciation	€ 153	€ 368	€ 130

Total operating costs - Restruc

Total operating costs - Restructuring Costs (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Analysis of income and expense [abstract]
Increase in provision for restructuring programmes (Note 23)	€ 93	€ 242	€ 80
Amount of provision unused (Note 23)	(13)	(7)	(15)
Accelerated depreciation and non-cash costs	60	121	39
Other cash costs	13	12	26
Total restructuring costs	€ 153	€ 368	€ 130

Total operating costs - Narrati

Total operating costs - Narrative (Details) € in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2020centre	Dec. 31, 2021EUR (€)	Dec. 31, 2020EUR (€)	Dec. 31, 2019EUR (€)
Disclosure of other provisions [line items]
Restructuring expenses		€ 93	€ 242	€ 80
Accelerate Competitiveness
Disclosure of other provisions [line items]
Total expected cost of restructuring		380
Accelerate Competitiveness | Severance cost
Disclosure of other provisions [line items]
Restructuring expenses		51
Transformation of Cold Drink Operations
Disclosure of other provisions [line items]
Restructuring expenses		44	€ 44
Iberia and Germany | Accelerate Competitiveness
Disclosure of other provisions [line items]
Restructuring expenses		92
Germany | Site Closures In Germany
Disclosure of other provisions [line items]
Restructuring expenses		€ 78
Number of distribution centres | centre	5

Total operating costs - Employe

Total operating costs - Employee Costs (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Analysis of income and expense [abstract]
Wages and salaries	€ 1,544	€ 1,253	€ 1,370
Social security costs	302	283	289
Pension and other employee benefits	170	119	112
Total employee costs	€ 2,016	€ 1,655	€ 1,771

Total operating costs - Average

Total operating costs - Average Number of Employees (Details) - employee	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of products and services [line items]
Average number of employees	29,700	22,200	23,300
Commercial
Disclosure of products and services [line items]
Average number of employees	10,900	7,300	7,600
Supply chain
Disclosure of products and services [line items]
Average number of employees	14,900	12,400	13,100
Support functions
Disclosure of products and services [line items]
Average number of employees	3,900	2,500	2,600

Total operating costs - Auditor

Total operating costs - Auditor Remuneration (Details) - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Analysis of income and expense [abstract]
Audit of parent company and consolidated financial statements	€ 4,751	€ 3,149	€ 2,737
Audit of the Company’s subsidiaries	5,493	3,046	3,430
Total audit	10,244	6,195	6,167
Audit related assurance services	1,234	909	1,106
Other assurance services	313	279	236
Total audit and audit-related assurance services	11,791	7,383	7,509
All other services	35	30	123
Total non-audit or non-audit-related assurance services	35	30	123
Total audit and all other fees	€ 11,826	€ 7,413	€ 7,632

Finance costs - Summary of Net

Finance costs - Summary of Net Finance Costs (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about financial instruments [line items]
Interest income	€ 43	€ 33	€ 49
Interest expense on external debt	(153)	(132)	(137)
Other finance cost	(19)	(12)	(8)
Total finance costs, net	(129)	(111)	(96)
Interest rate and cross currency swaps
Disclosure of detailed information about financial instruments [line items]
Interest income	€ 27	€ 24	€ 36

Related party transactions - Na

Related party transactions - Narrative (Details) € in Millions, $ in Millions	May 10, 2021AUD ($)	May 31, 2021	Nov. 30, 2020	Dec. 31, 2021EUR (€)director
Disclosure of transactions between related parties [line items]
Number of members of board of directors				17
PT Coca-Cola Bottling Indonesia | TCCC
Disclosure of transactions between related parties [line items]
Payment for return of capital | €				€ 62
The Coca-Cola Company | PT Coca-Cola Bottling Indonesia
Disclosure of transactions between related parties [line items]
Proportion of ownership interests held by non-controlling interests		29.40%
Coca-Cola Amatil Limited | Agreed consideration, acquisition 1 | The Coca-Cola Company
Disclosure of transactions between related parties [line items]
Proportion of ownership interests held by non-controlling interests	10.80%
Cash transferred | $	$ 893
Coca-Cola Amatil Limited | The Coca-Cola Company
Disclosure of transactions between related parties [line items]
Proportion of ownership interests held by non-controlling interests		30.80%	30.80%
Coca-Cola Amatil Limited | The Coca-Cola Company | PT Coca-Cola Bottling Indonesia
Disclosure of transactions between related parties [line items]
Proportion of ownership interests held by non-controlling interests	29.40%
TCCC franchise intangible
Disclosure of transactions between related parties [line items]
Agreement term				10 years
Other related parties | Made Group
Disclosure of transactions between related parties [line items]
Proportion of ownership interest in investments				45.00%
Consideration received | €				€ 21
TCCC | Entities with joint control or significant influence over entity
Disclosure of transactions between related parties [line items]
Percentage ownership				19.30%
Number of members of board of directors				2
TCCC | Entities with joint control or significant influence over entity | TCCC franchise intangible
Disclosure of transactions between related parties [line items]
Agreement term				10 years
Cobega Companies | Entities with joint control or significant influence over entity
Disclosure of transactions between related parties [line items]
Percentage ownership				20.50%
Number of members of board of directors				3
CCIP | Entities with joint control or significant influence over entity
Disclosure of transactions between related parties [line items]
Number of members of board of directors				5

Related party transactions - Tr

Related party transactions - Transactions with TCCC (Details) - TCCC - Entities with joint control or significant influence over entity - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of transactions between related parties [line items]
Amounts affecting revenue	€ 50	€ 50	€ 66
Amounts affecting cost of sales	(3,056)	(2,555)	(2,962)
Amounts affecting operating expenses	9	8	(22)
Total net amount affecting the consolidated income statement	(2,997)	(2,497)	€ (2,918)
Amounts due from	135	146
Amounts payable	€ 189	€ 167

Related party transactions - _2

Related party transactions - Transactions with Cobega Companies (Details) - Cobega Companies - Entities with joint control or significant influence over entity - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of transactions between related parties [line items]
Amounts affecting revenue	€ 1	€ 1	€ 1
Amounts affecting cost of sales	(49)	(43)	(68)
Amounts affecting operating expenses	(11)	(8)	(10)
Total net amount affecting the consolidated income statement	(59)	(50)	€ (77)
Amounts due from	2	4
Amounts payable	€ 19	€ 14

Related party transactions - _3

Related party transactions - Transactions with Associates, Joint Ventures and Other Related Parties (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Associates
Disclosure of transactions between related parties [line items]
Total net amount affecting the consolidated income statement	€ (49)	€ 0	€ 0
Net amount receivable (payable)	6	0
Joint ventures and other related parties
Disclosure of transactions between related parties [line items]
Total net amount affecting the consolidated income statement	(110)	0	0
Joint ventures
Disclosure of transactions between related parties [line items]
Total net amount affecting the consolidated income statement	(9)	0	0
Net amount receivable (payable)	(2)	0
Other related parties
Disclosure of transactions between related parties [line items]
Total net amount affecting the consolidated income statement	€ (52)	€ 0	€ 0

Related party transactions - _4

Related party transactions - Transactions with Key Personnel (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party [Abstract]
Salaries and other short-term employee benefits	€ 22	€ 20	€ 35
Post-employment benefits	0	1	1
Share-based payments	7	6	9
Termination benefits	0	5	0
Total	€ 29	€ 32	€ 45

Income taxes - Components of In

Income taxes - Components of Income Tax (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current tax:
Current tax charge	€ 323	€ 230	€ 330
Adjustment in respect of current tax from prior periods	(53)	3	(20)
Total current tax	270	233	310
Deferred tax:
Relating to the origination and reversal of temporary differences	6	(73)	45
Adjustment in respect of deferred income tax from prior periods	(9)	(6)	6
Relating to changes in tax rates or the imposition of new taxes	127	43	3
Total deferred tax	124	(36)	54
Income tax charge per the consolidated income statement	€ 394	€ 197	€ 364

Income taxes - Taxes on Items R

Income taxes - Taxes on Items Recognised in Other Comprehensive Income and Directly in Equity (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Taxes charged/(credited) to OCI:
Deferred tax on net gain/loss on revaluation of cash flow hedges	€ 63	€ (4)	€ 2
Deferred tax on net gain/loss on pension plan remeasurements	63	(16)	(12)
Current tax on net gain/loss on pension plan remeasurements	1	0	0
Total taxes charged/(credited) to OCI	127	(20)	(10)
Taxes charged/(credited) to equity:
Deferred tax charge/(credit): share-based compensation	(3)	1	(2)
Current tax charge/(credit): share-based compensation	0	(3)	(4)
Total taxes charged/(credited) to equity	€ (3)	€ (2)	€ (6)

Income taxes - Narrative (Detai

Income taxes - Narrative (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Effective tax rate	28.50%	28.30%	25.00%
Deferred tax liability (asset)	€ 3,557	€ 2,107	€ 2,176
Deferred tax assets	60	27
Deferred tax liabilities	3,617	2,134
Unrecognised deferred tax assets	466	€ 463	€ 493
Operating loss carryforward	14
Temporary differences associated with investments in subsidiaries for which a deferred tax liability has not been recognized	207
Tax provisions for audit	138
Liability related to purchase accounting
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liability (asset)	22
Liability related to purchase accounting | Coca-Cola Amatil Limited
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liability (asset)	1,176
Capitalized assets expensed for tax
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liability (asset)	33
Between 2021 and 2026
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Operating loss carryforward	2
Nineteen years
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax credit carryforward	€ 12

Income taxes - Reconciliation o

Income taxes - Reconciliation of Income Tax Provision (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of geographical areas [line items]
Accounting profit before tax from continuing operations	€ 1,382	€ 695	€ 1,454
Tax expense at the UK statutory rate	262	132	276
Taxation of foreign operations, net	72	23	89
Non-deductible expense items for tax purposes	2	6	4
Tax effect from change in tax rate	127	43	3
Deferred taxes not recognised	(7)	(4)	6
Adjustment in respect of prior periods	(62)	(3)	(14)
Income tax charge per the consolidated income statement	€ 394	197	€ 364
UK
Disclosure of geographical areas [line items]
Tax effect from change in tax rate		123
Netherlands
Disclosure of geographical areas [line items]
Tax effect from change in tax rate		2
Indonesia
Disclosure of geographical areas [line items]
Tax effect from change in tax rate		€ 2

Income taxes - Rollforward of D

Income taxes - Rollforward of Deferred Income Taxes (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Changes in deferred tax liability (asset) [abstract]
Deferred tax liability (asset) at beginning of period	€ 2,107	€ 2,176
Amount charged/(credited) to income statement (excluding effect of tax rate changes)	(3)	(79)
Effect of tax rate changes on income statement	127	43	€ 3
Amounts charged/(credited) directly to OCI	126	(20)
Amount charged/credited to equity (excluding effect of tax rate changes)	(3)	1
Acquired through business combinations	1,176
Effect of movements in foreign exchange	27	(14)
Deferred tax liability (asset) at end of period	3,557	2,107	2,176
Franchise and other intangible assets
Changes in deferred tax liability (asset) [abstract]
Deferred tax liability (asset) at beginning of period	1,982	1,966
Amount charged/(credited) to income statement (excluding effect of tax rate changes)	1	(9)
Effect of tax rate changes on income statement	106	39
Amounts charged/(credited) directly to OCI	0	0
Amount charged/credited to equity (excluding effect of tax rate changes)	0	0
Acquired through business combinations	1,174
Effect of movements in foreign exchange	22	(14)
Deferred tax liability (asset) at end of period	3,285	1,982	1,966
Property, plant and equipment
Changes in deferred tax liability (asset) [abstract]
Deferred tax liability (asset) at beginning of period	187	224
Amount charged/(credited) to income statement (excluding effect of tax rate changes)	2	(40)
Effect of tax rate changes on income statement	8	4
Amounts charged/(credited) directly to OCI	0	0
Amount charged/credited to equity (excluding effect of tax rate changes)	0	0
Acquired through business combinations	51
Effect of movements in foreign exchange	3	(1)
Deferred tax liability (asset) at end of period	251	187	224
Financial assets and liabilities
Changes in deferred tax liability (asset) [abstract]
Deferred tax liability (asset) at beginning of period	(6)	7
Amount charged/(credited) to income statement (excluding effect of tax rate changes)	(1)	(8)
Effect of tax rate changes on income statement	1	0
Amounts charged/(credited) directly to OCI	63	(4)
Amount charged/credited to equity (excluding effect of tax rate changes)	0	0
Acquired through business combinations	(19)
Effect of movements in foreign exchange	(2)	(1)
Deferred tax liability (asset) at end of period	36	(6)	7
Tax losses
Changes in deferred tax liability (asset) [abstract]
Deferred tax liability (asset) at beginning of period	(6)	(4)
Amount charged/(credited) to income statement (excluding effect of tax rate changes)	(4)	(2)
Effect of tax rate changes on income statement	0	0
Amounts charged/(credited) directly to OCI	0	0
Amount charged/credited to equity (excluding effect of tax rate changes)	0	0
Acquired through business combinations	(4)
Effect of movements in foreign exchange	0	0
Deferred tax liability (asset) at end of period	(14)	(6)	(4)
Employee and retiree benefit accruals
Changes in deferred tax liability (asset) [abstract]
Deferred tax liability (asset) at beginning of period	(89)	(59)
Amount charged/(credited) to income statement (excluding effect of tax rate changes)	8	(14)
Effect of tax rate changes on income statement	12	(1)
Amounts charged/(credited) directly to OCI	63	(16)
Amount charged/credited to equity (excluding effect of tax rate changes)	(3)	1
Acquired through business combinations	(6)
Effect of movements in foreign exchange	1	0
Deferred tax liability (asset) at end of period	(14)	(89)	(59)
Tax credits
Changes in deferred tax liability (asset) [abstract]
Deferred tax liability (asset) at beginning of period	(10)	(3)
Amount charged/(credited) to income statement (excluding effect of tax rate changes)	(2)	(7)
Effect of tax rate changes on income statement	0	0
Amounts charged/(credited) directly to OCI	0	0
Amount charged/credited to equity (excluding effect of tax rate changes)	0	0
Acquired through business combinations	0
Effect of movements in foreign exchange	0	0
Deferred tax liability (asset) at end of period	(12)	(10)	(3)
Other, net
Changes in deferred tax liability (asset) [abstract]
Deferred tax liability (asset) at beginning of period	49	45
Amount charged/(credited) to income statement (excluding effect of tax rate changes)	(7)	1
Effect of tax rate changes on income statement	0	1
Amounts charged/(credited) directly to OCI	0	0
Amount charged/credited to equity (excluding effect of tax rate changes)	0	0
Acquired through business combinations	(20)
Effect of movements in foreign exchange	3	2
Deferred tax liability (asset) at end of period	€ 25	€ 49	€ 45

Share-based payment plans - Nar

Share-based payment plans - Narrative (Details) € in Millions, shares in Millions	12 Months Ended
	Dec. 31, 2021EUR (€)trancheperformanceCondition	Dec. 31, 2021shares$ / shares	Dec. 31, 2020EUR (€)	Dec. 31, 2020shares$ / shares	Dec. 31, 2019EUR (€)	Dec. 31, 2019shares$ / shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Compensation expense related to share-based payment plans | €	€ 17		€ 14		€ 15
Expiration period	10 years
Weighted average share price (in USD per share)		$ 55.68		$ 42.71		$ 52.73
Share Option
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of tranches for vesting | tranche	3
Vesting period	36 months
Restricted Share Units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting period	36 months
Number of other equity instruments outstanding in share-based payment arrangement | shares		0.1		0.2		0.3
Weighted average grant date fair value (in USD per share)		$ 43.29		$ 41.77		$ 42.06
Performance Share Units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting period	36 months
Number of other equity instruments outstanding in share-based payment arrangement | shares		1.3		1.1		1.2
Weighted average grant date fair value (in USD per share)		$ 43.07		$ 40.45		$ 42.53
Number of performance conditions | performanceCondition	2
Vesting requirement measurement period	3 years
Weight of EPS performance condition	42.50%
Weight of ROIC performance condition	42.50%
Green house gas emission metric, percentage weighting	15.00%

Share-based payment plans - Act

Share-based payment plans - Activity of Share Option Activity (Details)	12 Months Ended
	Dec. 31, 2021shares$ / shares	Dec. 31, 2020shares$ / shares	Dec. 31, 2019shares$ / shares
Share-Based Payment Arrangements [Abstract]
Beginning balance (in shares) | shares	4,051,000	4,815,000	6,542,000
Granted (in shares) | shares	0	0	0
Exercised (in shares) | shares	(1,290,000)	(761,000)	(1,722,000)
Forfeited, expired or cancelled (in shares) | shares	(3,000)	(3,000)	(5,000)
Ending balance (in shares) | shares	2,758,000	4,051,000	4,815,000
Options exercisable (in shares) | shares	2,758,000	4,051,000	4,815,000
Beginning balance (in USD per share) | $ / shares	$ 31.68	$ 29.8	$ 26.51
Granted (in USD per share) | $ / shares	0	0	0
Exercised (in USD per share) | $ / shares	26.33	19.79	17.33
Forfeited, expired or cancelled (in USD per share) | $ / shares	19.68	31.97	19.23
Ending balance (in USD per share) | $ / shares	34.19	31.68	29.8
Options exercisable (in USD per share) | $ / shares	$ 34.19	$ 31.68	$ 29.8

Share-based payment plans - Ran

Share-based payment plans - Range of Exercise Prices for Options Outstanding (Details)	12 Months Ended
	Dec. 31, 2021shares$ / shares	Dec. 31, 2020shares	Dec. 31, 2019shares	Dec. 31, 2018shares
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Options outstanding (in shares) | shares	2,758,000	4,051,000	4,815,000	6,542,000
Weighted average remaining life	2 years 11 months 1 day	3 years 4 months 13 days	3 years 9 months 14 days
15.01 to 25.00
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Options outstanding (in shares) | shares	151,000	931,000	1,681,000
Weighted average remaining life	10 months 6 days	1 year 9 months	2 years 3 months 21 days
15.01 to 25.00 | Low
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price of options outstanding (in USD per share)	$ 15.01
15.01 to 25.00 | High
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price of options outstanding (in USD per share)	$ 25
25.01 to 40.00
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Options outstanding (in shares) | shares	2,607,000	3,120,000	3,134,000
Weighted average remaining life	3 years 14 days	3 years 10 months 6 days	4 years 7 months 2 days
25.01 to 40.00 | Low
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price of options outstanding (in USD per share)	$ 25.01
25.01 to 40.00 | High
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price of options outstanding (in USD per share)	$ 40

Share-based payment plans - Key

Share-based payment plans - Key Assumptions for Grant-Date Fair Value (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Service, performance and market conditions
Disclosure of terms and conditions of share-based payment arrangement [line items]
Grant date fair value, restricted share units (in USD per share)	$ 47.77	$ 34.45
Performance Share Units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Grant date fair value, restricted share units (in USD per share)	$ 47.68	$ 33.46

Provisions, contingencies and_3

Provisions, contingencies and commitments - Disclosure of Provisions (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of changes in other provisions [abstract]
Beginning balance	€ 237	€ 196
Acquisition of CCL	9
Additional provisions recognised	104	246
Unused amounts reversed	(15)	(7)
Utilised during the period	(199)	(194)
Translation	(2)	(4)
Ending balance	134	237
Non-current	48	83
Current	86	154
Restructuring provision
Reconciliation of changes in other provisions [abstract]
Beginning balance	208	168
Acquisition of CCL	9
Additional provisions recognised	93	242
Unused amounts reversed	(13)	(7)
Utilised during the period	(192)	(193)
Translation	(2)	(2)
Ending balance	103	208
Non-current	22
Current	81
Decommissioning provision
Reconciliation of changes in other provisions [abstract]
Beginning balance	15	17
Acquisition of CCL	0
Additional provisions recognised	6	0
Unused amounts reversed	0	0
Utilised during the period	(1)	0
Translation	0	(2)
Ending balance	20	15
Non-current	20
Current	0
Other Provisions
Reconciliation of changes in other provisions [abstract]
Beginning balance	14	11
Acquisition of CCL	0
Additional provisions recognised	5	4
Unused amounts reversed	(2)	0
Utilised during the period	(6)	(1)
Translation	0	0
Ending balance	11	€ 14
Non-current	6
Current	€ 5

Provisions, contingencies and_4

Provisions, contingencies and commitments - Narrative (Details) € in Millions	12 Months Ended	96 Months Ended
	Dec. 31, 2021EUR (€)	Dec. 31, 2021EUR (€)
Disclosure of other provisions [line items]
Purchase commitments	€ 200	€ 200
Capital expenditure purchase orders	95	95
Minimum lease payments for lease agreements that have not yet commenced	40	40
Territorial authority | Guarantees
Disclosure of other provisions [line items]
Guarantees issued to authorities	340	340
Third parties, other than territorial authorities | Guarantees
Disclosure of other provisions [line items]
Guarantees issued to authorities	€ 35	35
Coal
Disclosure of other provisions [line items]
Royalty income		€ 50
Low | Leased Buildings | Decommissioning provision
Disclosure of other provisions [line items]
Settlement ranges for provisions	1 year
Low | Cold drink equipment | Decommissioning provision
Disclosure of other provisions [line items]
Settlement ranges for provisions	2 years
High | Leased Buildings | Decommissioning provision
Disclosure of other provisions [line items]
Settlement ranges for provisions	30 years
High | Cold drink equipment | Decommissioning provision
Disclosure of other provisions [line items]
Settlement ranges for provisions	9 years

Other current assets and asse_3

Other current assets and assets held for sale - Schedule of Other Current Assets (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]
Prepayments	€ 101	€ 61
VAT receivables	16	34
Miscellaneous receivables	154	109
Total other current assets	€ 271	€ 204

Other current assets and asse_4

Other current assets and assets held for sale - Narrative (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]
Non-current assets or disposal groups classified as held for sale	€ 223	€ 20

Other non-current assets - Sche

Other non-current assets - Schedule of Other Non-Current Assets (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]
VAT receivables	€ 214	€ 208
Retirement benefit surplus (Note 16)	194	43
Investments	40	26
Other	86	60
Total other non-current assets	€ 534	€ 337

Other non-current assets - Narr

Other non-current assets - Narrative (Details) € in Millions	Dec. 31, 2021EUR (€)
Spanish tax authorities
Disclosure of geographical areas [line items]
Value added tax receivables	€ 214

Other non-current assets - Sc_2

Other non-current assets - Schedule of Non-Current Investments (Details) - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]
Investments accounted using equity method	€ 35	€ 26
Financial assets at fair value through Other Comprehensive Income	5	0
Total investments	€ 40	€ 26

Financial risk management - Nar

Financial risk management - Narrative (Details)	12 Months Ended
	Dec. 31, 2021EUR (€)banks	Dec. 31, 2020EUR (€)	Dec. 31, 2019EUR (€)
Disclosure of nature and extent of risks arising from financial instruments [line items]
Current derivative liabilities	€ 19,000,000	€ 62,000,000
Current derivative assets	150,000,000	40,000,000
Multi-currency Credit Facility
Disclosure of nature and extent of risks arising from financial instruments [line items]
Credit facility	€ 1,950,000,000	1,500,000,000
Number of credit facility banks | banks	13
Interest rate risk | Interest rate swap
Disclosure of nature and extent of risks arising from financial instruments [line items]
Notional amount	€ 291,000,000
Currency exchange risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Percentage of anticipated commodity transaction exposures that are hedged	80.00%
Commodity contracts
Disclosure of nature and extent of risks arising from financial instruments [line items]
Change in rate	10.00%
Percentage of anticipated commodity transaction exposures that are hedged	80.00%
Change in risk variable impact on equity	€ 116,000,000
Credit risk | Trade and other payables
Disclosure of nature and extent of risks arising from financial instruments [line items]
Current derivative liabilities	46,000,000	0
Credit risk | Other current assets
Disclosure of nature and extent of risks arising from financial instruments [line items]
Current derivative assets	€ 4,000,000	€ 0
Credit risk | Low
Disclosure of nature and extent of risks arising from financial instruments [line items]
Accounts receivable term	30 days
Credit risk | High
Disclosure of nature and extent of risks arising from financial instruments [line items]
Accounts receivable term	60 days
Fixed interest rate | Interest rate risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Percentage of interest-bearing borrowings which were comprised of fixed-rate borrowings	95.00%	95.00%
Floating interest rate | Interest rate risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Change in rate	1.00%	1.00%	1.00%
Annual change in finance costs and pre-tax equity	€ 7,000,000	€ 2,000,000	€ 4,000,000

Financial risk management - Cur

Financial risk management - Currency Risk (Details) - Euro - Foreign currency contracts - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of nature and extent of risks arising from financial instruments [line items]
Change in currency rate	10.00%	10.00%	10.00%
€ strengthens against US$	€ 176	€ 33	€ 87
€ weakens against US$	€ (176)	€ (36)	€ (95)

Financial risk management - Liq

Financial risk management - Liquidity Risk (Details) - Liquidity risk - EUR (€) € in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Maturity Analysis For Derivative And Non-Derivative Financial Liabilities [Line Items]
Trade and other payables	€ 3,933	€ 2,356
Amounts payable to related parties	210	181
Borrowings	13,599	7,323
Derivatives	66	77
Lease liabilities	714	383
Total financial liabilities	18,522	10,320
Less than 1 year
Disclosure Of Maturity Analysis For Derivative And Non-Derivative Financial Liabilities [Line Items]
Trade and other payables	3,933	2,356
Amounts payable to related parties	210	181
Borrowings	1,369	798
Derivatives	19	62
Lease liabilities	145	100
Total financial liabilities	5,676	3,497
1 to 3 years
Disclosure Of Maturity Analysis For Derivative And Non-Derivative Financial Liabilities [Line Items]
Trade and other payables	0	0
Amounts payable to related parties	0	0
Borrowings	2,551	1,207
Derivatives	4	15
Lease liabilities	208	128
Total financial liabilities	2,763	1,350
3 to 5 years
Disclosure Of Maturity Analysis For Derivative And Non-Derivative Financial Liabilities [Line Items]
Trade and other payables	0	0
Amounts payable to related parties	0	0
Borrowings	2,274	970
Derivatives	15	0
Lease liabilities	111	56
Total financial liabilities	2,400	1,026
More than 5 years
Disclosure Of Maturity Analysis For Derivative And Non-Derivative Financial Liabilities [Line Items]
Trade and other payables	0	0
Amounts payable to related parties	0	0
Borrowings	7,405	4,348
Derivatives	28	0
Lease liabilities	250	99
Total financial liabilities	€ 7,683	€ 4,447

Significant events after the _2

Significant events after the reporting period (Details) € in Millions, $ in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2022EUR (€)	Dec. 31, 2021EUR (€)	Dec. 31, 2020EUR (€)	Dec. 31, 2019EUR (€)	Feb. 28, 2022AUD ($)
Disclosure of non-adjusting events after reporting period [line items]
Repayments on third party borrowings		€ 950	€ 569	€ 625
Other disposals of assets | Forecast
Disclosure of non-adjusting events after reporting period [line items]
Consideration receivable, asset sale agreement | $					$ 275
€700 million 0.75% Notes 2022
Disclosure of non-adjusting events after reporting period [line items]
Notional amount		€ 700
Borrowings, interest rate		0.75%
€700 million 0.75% Notes 2022 | Repayment of borrowings
Disclosure of non-adjusting events after reporting period [line items]
Repayments on third party borrowings	€ 700

Group companies (Details)

Group companies (Details)	12 Months Ended
	Dec. 31, 2021
Disclosure of associates [line items]
% Equity interest directly held	100.00%
The Group
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	99.99%
Coca-Cola Australia Foundation Limited
Disclosure of associates [line items]
Proportion of ownership interest in joint venture	50.00%
Mahija Parahita Nusantara Foundation
Disclosure of associates [line items]
Proportion of ownership interest in joint venture	35.30%
PT Amandina Bumi Nusantara
Disclosure of associates [line items]
Proportion of ownership interest in joint venture	35.30%
TasRecycle Limited
Disclosure of associates [line items]
Proportion of ownership interest in joint venture	50.00%
VicRecycle Limited
Disclosure of associates [line items]
Proportion of ownership interest in joint venture	50.00%
Australian Beer Company Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in investments	50.00%
Container Exchange (QLD) Limited
Disclosure of associates [line items]
Proportion of ownership interest in investments	50.00%
Container Exchange (Services) Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in investments	50.00%
WA Return Recycle Renew Ltd
Disclosure of associates [line items]
Proportion of ownership interest in investments	50.00%
Aitonomi AG
Disclosure of associates [line items]
Proportion of ownership interest in associate	15.00%
Birtingahúsið ehf.
Disclosure of associates [line items]
Proportion of ownership interest in associate	35.00%
CC Digital GmbH
Disclosure of associates [line items]
Proportion of ownership interest in associate	50.00%
Circular Plastics Australia (PET) Holdings Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in associate	16.67%
Exchange for Change (ACT) Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in associate	20.00%
Exchange for Change (Australia) Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in associate	20.00%
Exchange for Change (NSW) Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in associate	20.00%
Foodl B.V.
Disclosure of associates [line items]
Proportion of ownership interest in investments	33.00%
Infineo Recyclage SAS
Disclosure of associates [line items]
Proportion of ownership interest in associate	49.00%
Innovative Tap Solutions Inc.
Disclosure of associates [line items]
Proportion of ownership interest in associate	25.00%
Kollex GmbH
Disclosure of associates [line items]
Proportion of ownership interest in investments	25.00%
Lavit Holdings Inc
Disclosure of associates [line items]
Proportion of ownership interest in associate	14.90%
Starstock Group Limited
Disclosure of associates [line items]
Proportion of ownership interest in associate	25.30%
Endurvinnsaln hf.
Disclosure of associates [line items]
Proportion of ownership interest in associate	20.00%
Agua De La Vega Del Codorno, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Aguas De Cospeito, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Aguas De Santolin, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Aguas Del Maestrazgo, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Aguas Del Toscal, S.A.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Aguas Vilas Del Turbon, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Amalgamated Beverages Great Britain Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Apand Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Associated Products & Distribution Proprietary
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
BBH Investment Ireland Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Bebidas Gaseosas Del Noroeste, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Beganet, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Beverage Bottlers (NQ) Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Beverage Bottlers (QLD) Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
BL Bottling Holdings UK Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Bottling Great Britain Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Bottling Holding France SAS
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Bottling Holdings (Luxembourg) SARL
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Bottling Holdings (Netherlands) B.V.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Bottling Holdings Europe Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Brewcorp Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Brewhouse Investments Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
C - C Bottlers Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Can Recycling (S.A.) Pty. Ltd.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CC Erfrischungsgetränke Oldenburg Verwaltungs GmbH
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CC Iberian Partners Gestion S.L.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CC Verpackungsgesellschaft mit beschraenkter Haftung
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCA Bayswater Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCEP Australia Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCEP Finance (Australia) Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCEP Finance (Ireland) Designated Activity Company
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCEP Group Services Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCEP Holdings (Australia) Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCEP Holdings (Australia) Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCEP Holdings Norge AS
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCEP Holdings Sverige AB
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCEP Holdings UK Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCEP Ventures Australia Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCEP Ventures Europe Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCEP Ventures UK Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCEP Scottish Limited Partnership
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
CCIP Soporte, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Classic Brand (Europe) Designated Activity Company
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Cobega Embotellador, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Amatil (UK) Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	50.00%
Coca-Cola Europacific Investments (Singapore) Pte. Ltd.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners (CDE Aust) Pty Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners (Fiji) Pte Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners (Holdings) Pty Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners (Initial LP) Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners (Scotland) Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners API Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Australia Pty Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Belgium SRL/BV
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Deutschland GmbH
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
% Equity interest directly held	10.00%
Coca-Cola Europacific Partners France SAS
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Great Britain Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Holdings Great Britain Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Holdings NZ Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Holdings US, Inc.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Iberia, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Ísland ehf.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Luxembourg sàrl
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Nederland B.V.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners New Zealand Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Norge AS
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Papua New Guinea Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Pension Scheme Trustees Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Portugal Unipessoal, LDA
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Services Bulgaria EOOD
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Services Europe Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Services SRL
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Sverige AB
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners US II, LLC
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners US, LLC
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Europacific Partners Vanuatu Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Immobilier SCI
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-Cola Production SAS
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Compañía Asturiana De Bebidas Gaseosas, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Compañía Castellana De Bebidas Gaseosas, S.L.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Compañía Levantina De Bebidas Gaseosas, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Compañía Norteña De Bebidas Gaseosas, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Compañía Para La Comunicación De Bebidas Sin Alcohol, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Coca-cola Amatil (UK
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Crusta Fruit Juices Proprietary Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Developed System Logistics, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Feral Brewing Company Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
GR Bottling Holdings UK Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Instelling voor Bedrijfspensioenvoorziening Coca-Cola Europacific Partners Belgium/Coca-Cola Europacific Partners Services – Bedienden-Arbeiders OFP
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Instelling voor Bedrijfspensioenvoorziening Coca-Cola Europacific Partners Belgium/Coca-Cola Europacific Partners Services – Kaderleden OFP
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Iparbal, 99 S.L.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Iparsoft, 2004 S.L.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Lusobega, S.L.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Madrid Ecoplatform, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Matila Nominees Pty. Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Neverfail Bottled Water Co Pty Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Neverfail SA Pty. Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Neverfail Springwater (VIC) Pty Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Neverfail Springwater Co Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Neverfail Springwater Co. (QLD) Pty. Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Neverfail Springwater Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Neverfail WA Pty. Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Pacbev Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Paradise Beverages (Fiji) Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
PEÑA Umbria S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Perfect Fruit Company Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
PT Coca-Cola Bottling Indonesia
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	70.60%
PT Coca-Cola Distribution Indonesia
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	70.60%
Purna Pty. Ltd.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Quenchy Crusta Sales Pty. Ltd.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Real Oz Water Supply Co (QLD) Pty Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Refecon Águas - Sociedade Industrial De Bebidas, Unipessoal, LDA
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Refrescos Envasados Del Sur, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Refrige SGPS, Unipessoal, LDA
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Roalba, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Sale Proprietary Co 1 Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Sale Proprietary Co 2 Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Sale Proprietary Co 3 Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Sale Proprietary Co 4 Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Sale Proprietary Co 5 Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Sale Proprietary Co 6 Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Sale Proprietary Co 7 Pty Ltd
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Samoa Breweries Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	93.90%
Solares y Edificios Norteños, S.L.U.
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Wabi Portugal, Unipessoal LDA
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
WB Investment Ireland 2 Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
WBH Holdings Luxembourg SCS
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
WIH UK Limited
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
Wir Sind Coca-Cola GmbH
Disclosure of associates [line items]
Proportion of ownership interest in subsidiary	100.00%
BL Bottling Holdings UK Limited
Disclosure of associates [line items]
% Equity interest directly held	38.30%
BL Bottling Holdings UK Limited | Ordinary Share Class A
Disclosure of associates [line items]
% Equity interest directly held	100.00%
BL Bottling Holdings UK Limited | Ordinary Share Class B
Disclosure of associates [line items]
% Equity interest directly held	49.00%