The Coca-Cola Company (KO) 10-K 25 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information Document - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 22, 2016	Jul. 03, 2015
Entity Information [Line Items]
Entity Registrant Name	COCA COLA CO
Entity Central Index Key	21,344
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		4,329,497,778
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 170,318,198,405

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
NET OPERATING REVENUES		$ 44,294	$ 45,998	$ 46,854
Cost of goods sold		17,482	17,889	18,421
GROSS PROFIT		26,812	28,109	28,433
Selling, general and administrative expenses		16,427	17,218	17,310
Other operating charges		1,657	1,183	895
OPERATING INCOME		8,728	9,708	10,228
Interest income		613	594	534
Interest expense		856	483	463
Equity income (loss) - net		489	769	602
Other income (loss) - net		631	(1,263)	576
INCOME BEFORE INCOME TAXES		9,605	9,325	11,477
Income taxes		2,239	2,201	2,851
CONSOLIDATED NET INCOME		7,366	7,124	8,626
Less: Net income attributable to noncontrolling interests		15	26	42
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY		$ 7,351	$ 7,098	$ 8,584
BASIC NET INCOME PER SHARE (in dollars per share)	[1]	$ 1.69	$ 1.62	$ 1.94
DILUTED NET INCOME PER SHARE (in dollars per share)	[1]	$ 1.67	$ 1.60	$ 1.90
AVERAGE SHARES OUTSTANDING (in shares)		4,352	4,387	4,434
Effect of dilutive securities (in shares)		53	63	75
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares)		4,405	4,450	4,509
[1]	Calculated based on net income attributable to shareowners of The Coca-Cola Company.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED NET INCOME	$ 7,366	$ 7,124	$ 8,626
Other comprehensive income
Net foreign currency translation adjustment	(3,959)	(2,382)	(1,187)
Net gain (loss) on derivatives	142	357	151
Net urealized gain (loss) on available-for-sale securities	(684)	714	(80)
Net change in pension and other benefit liabilities	86	(1,039)	1,066
TOTAL COMPREHENSIVE INCOME	2,951	4,774	8,576
Less: Comprehensive income (loss) attributable to noncontrolling interests	(3)	21	39
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY	$ 2,954	$ 4,753	$ 8,537

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 7,309	$ 8,958
Short-term investments	8,322	9,052
TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS	15,631	18,010
Marketable securities	4,269	3,665
Trade accounts receivable, less allowances of $352 and $331, respectively	3,941	4,466
Inventories	2,902	3,100
Prepaid expenses and other assets	2,752	3,066
Assets held for sale	3,900	679
TOTAL CURRENT ASSETS	33,395	32,986
EQUITY METHOD INVESTMENTS	12,318	9,947
OTHER INVESTMENTS	3,470	3,678
OTHER ASSETS	4,207	4,407
PROPERTY, PLANT AND EQUIPMENT - net	12,571	14,633
TRADEMARKS WITH INDEFINITE LIVES	5,989	6,533
BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES	6,000	6,689
GOODWILL	11,289	12,100
OTHER INTANGIBLE ASSETS	854	1,050
TOTAL ASSETS	90,093	92,023
CURRENT LIABILITIES
Accounts payable and accrued expenses	9,660	9,234
Loans and notes payable	13,129	19,130
Current maturities of long-term debt	2,677	3,552
Accrued income taxes	331	400
Liabilities held for sale	1,133	58
TOTAL CURRENT LIABILITIES	26,930	32,374
LONG-TERM DEBT	28,407	19,063
OTHER LIABILITIES	4,301	4,389
DEFERRED INCOME TAXES	4,691	5,636
THE COCA-COLA COMPANY SHAREOWNERS' EQUITY
Common stock, $0.25 par value; Authorized — 11,200 shares; Issued — 7,040 and 7,040 shares, respectively	1,760	1,760
Capital surplus	14,016	13,154
Reinvested earnings	65,018	63,408
Accumulated other comprehensive income (loss)	(10,174)	(5,777)
Treasury stock, at cost — 2,716 and 2,674 shares, respectively	(45,066)	(42,225)
EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY	25,554	30,320
EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS	210	241
TOTAL EQUITY	25,764	30,561
TOTAL LIABILITIES AND EQUITY	$ 90,093	$ 92,023

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parentheticals) - USD ($) shares in Millions, $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Allowance for doubtful accounts	$ 352	$ 331
Common stock, par value (in dollars per share)	$ 0.25	$ 0.25
Common Stock, Shares Authorized	11,200	11,200
Common stock, shares issued	7,040	7,040
Treasury stock, shares	2,716	2,674

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES
CONSOLIDATED NET INCOME	$ 7,366	$ 7,124	$ 8,626
Depreciation and amortization	1,970	1,976	1,977
Stock-based compensation expense	236	209	227
Deferred income taxes	73	(40)	648
Equity (income) loss - net of dividends	(122)	(371)	(201)
Foreign currency adjustments	(137)	415	168
Significant (gains) losses on sales of assets - net	(374)	831	(670)
Other operating charges	929	761	465
Other items	744	149	234
Net change in operating assets and liabilities	(157)	(439)	(932)
Net cash provided by operating activities	10,528	10,615	10,542
INVESTING ACTIVITIES
Purchases of investments	(15,831)	(17,800)	(14,782)
Proceeds from disposals of investments	14,079	12,986	12,791
Acquisitions of businesses, equity method investments and nonmarketable securities	(2,491)	(389)	(353)
Proceeds from disposals of businesses, equity method investments and nonmarkatable securities	565	148	872
Purchases of property, plant and equipment	(2,553)	(2,406)	(2,550)
Proceeds from disposals of property, plant and equipment	85	223	111
Other investing activities	(40)	(268)	(303)
Net cash provided by (used in) investing activities	(6,186)	(7,506)	(4,214)
FINANCING ACTIVITIES
Issuances of debt	40,434	41,674	43,425
Payments of debt	(37,738)	(36,962)	(38,714)
Issuances of stock	1,245	1,532	1,328
Purchases of stock for treasury	(3,564)	(4,162)	(4,832)
Dividends	(5,741)	(5,350)	(4,969)
Other financing activities	251	(363)	17
Net cash provided by (used in) financing activities	(5,113)	(3,631)	(3,745)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(878)	(934)	(611)
CASH AND CASH EQUIVALENTS
Net increase (decrease) during the year	(1,649)	(1,456)	1,972
Balance at beginning of year	8,958	10,414	8,442
Balance at end of year	$ 7,309	$ 8,958	$ 10,414

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREOWNERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	TOTAL EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY	COMMON STOCK	CAPITAL SURPLUS	REINVESTED EARNINGS	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	TREASURY STOCK	EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS
Balance at beginning of year (in shares) at Dec. 31, 2012			4,469
Increase (Decrease) in Stockholders' Equity
Purchases of treasury stock (in shares)			(121)
Treasury stock issued to employees related to stock compensation plans (in shares)			54
Balance at end of year (in shares) at Dec. 31, 2013			4,402
Balance at beginning of year at Dec. 31, 2012				$ 11,379	$ 58,045	$ (3,385)	$ (35,009)	$ 378
Increase (Decrease) in Stockholders' Equity
Stock issued to employees related to stock compensation plans				569			745
Tax benefit (charge) from stock compensation plans				144
Stock-based compensation				227
Other activities				(43)
Net income attributable to shareowners of The Coca-Cola Company	$ 8,584				8,584
Dividends (per share — $1.32, $1.22 and $1.12 in 2015, 2014 and 2013, respectively)					(4,969)
Net other comprehensive income (loss)		$ (47)				(47)
Purchases of treasury stock							(4,827)
Net income attributable to noncontrolling interests	42							42
Net foreign currency translation adjustment								(3)
Dividends paid to noncontrolling interests								(58)
Acquisition of interests held by noncontrolling owners								(34)
Contributions by noncontrolling interests								6
Business combinations								25
Deconsolidation of certain entities								(89)
Other activities								0
Balance at end of year at Dec. 31, 2013				12,276	61,660	(3,432)	(39,091)	267
Common Stock			$ 1,760
Increase (Decrease) in Stockholders' Equity
TOTAL EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY		33,173
Purchases of treasury stock (in shares)			(98)
Treasury stock issued to employees related to stock compensation plans (in shares)			62
Balance at end of year (in shares) at Dec. 31, 2014			4,366
Increase (Decrease) in Stockholders' Equity
Stock issued to employees related to stock compensation plans				526			891
Tax benefit (charge) from stock compensation plans				169
Stock-based compensation				209
Other activities				(26)
Net income attributable to shareowners of The Coca-Cola Company	7,098				7,098
Dividends (per share — $1.32, $1.22 and $1.12 in 2015, 2014 and 2013, respectively)					(5,350)
Net other comprehensive income (loss)		(2,345)				(2,345)
Purchases of treasury stock							(4,025)
Net income attributable to noncontrolling interests	26							26
Net foreign currency translation adjustment								(5)
Dividends paid to noncontrolling interests								(25)
Acquisition of interests held by noncontrolling owners								0
Contributions by noncontrolling interests								0
Business combinations								(22)
Deconsolidation of certain entities								0
Other activities								0
Balance at end of year at Dec. 31, 2014	30,561			13,154	63,408	(5,777)	(42,225)	241
Common Stock	1,760		$ 1,760
Increase (Decrease) in Stockholders' Equity
TOTAL EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY	30,320	30,320
Purchases of treasury stock (in shares)			(86)
Treasury stock issued to employees related to stock compensation plans (in shares)			44
Balance at end of year (in shares) at Dec. 31, 2015			4,324
Increase (Decrease) in Stockholders' Equity
Stock issued to employees related to stock compensation plans				532			696
Tax benefit (charge) from stock compensation plans				94
Stock-based compensation				236
Other activities				0
Net income attributable to shareowners of The Coca-Cola Company	7,351				7,351
Dividends (per share — $1.32, $1.22 and $1.12 in 2015, 2014 and 2013, respectively)					(5,741)
Net other comprehensive income (loss)		(4,397)				(4,397)
Purchases of treasury stock							(3,537)
Net income attributable to noncontrolling interests	15							15
Net foreign currency translation adjustment								(18)
Dividends paid to noncontrolling interests								(31)
Acquisition of interests held by noncontrolling owners								0
Contributions by noncontrolling interests								0
Business combinations								(3)
Deconsolidation of certain entities								0
Other activities								6
Balance at end of year at Dec. 31, 2015	25,764			$ 14,016	$ 65,018	$ (10,174)	$ (45,066)	$ 210
Common Stock	1,760		$ 1,760
Increase (Decrease) in Stockholders' Equity
TOTAL EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY	$ 25,554	$ 25,554

CONSOLIDATED STATEMENTS OF SHA8

CONSOLIDATED STATEMENTS OF SHAREOWNERS' EQUITY (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Dividends per share	$ 1.32	$ 1.22	$ 1.12

BUSINESS AND SUMMARY OF SIGNIFI

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies [Abstract]
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business The Coca-Cola Company is the world's largest beverage company. We own or license and market more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. We own and market four of the world's top five nonalcoholic sparkling beverage brands: Coca-Cola, Diet Coke, Fanta and Sprite. Finished beverage products bearing our trademarks, sold in the United States since 1886, are now sold in more than 200 countries. We make our branded beverage products available to consumers throughout the world through our network of Company-owned or -controlled bottling and distribution operations, as well as independent bottling partners, distributors, wholesalers and retailers — the world's largest beverage distribution system. Beverages bearing trademarks owned by or licensed to us account for more than 1.9 billion of the approximately 58 billion servings of all beverages consumed worldwide every day. Our Company markets, manufactures and sells: • beverage concentrates, sometimes referred to as "beverage bases," and syrups, including fountain syrups (we refer to this part of our business as our "concentrate business" or "concentrate operations"); and • finished sparkling and still beverages (we refer to this part of our business as our "finished product business" or "finished product operations"). Generally, finished product operations generate higher net operating revenues but lower gross profit margins than concentrate operations. In our concentrate operations, we typically generate net operating revenues by selling concentrates and syrups to authorized bottling and canning operations (to which we typically refer as our "bottlers" or our "bottling partners"). Our bottling partners either combine the concentrates with sweeteners (depending on the product), still water and/or sparkling water, or combine the syrups with sparkling water to produce finished beverages. The finished beverages are packaged in authorized containers — such as cans and refillable and nonrefillable glass and plastic bottles — bearing our trademarks or trademarks licensed to us and are then sold to retailers directly or, in some cases, through wholesalers or other bottlers. Outside the United States, we also sell concentrates for fountain beverages to our bottling partners who are typically authorized to manufacture fountain syrups, which they sell to fountain retailers such as restaurants and convenience stores which use the fountain syrups to produce beverages for immediate consumption, or to authorized fountain wholesalers who in turn sell and distribute the fountain syrups to fountain retailers. Our finished product operations consist primarily of Company-owned or -controlled bottling, sales and distribution operations, including Coca-Cola Refreshments ("CCR"), our bottling and customer service organization for the United States and Canada. Our Company-owned or -controlled bottling, sales and distribution operations, other than CCR, are included in our Bottling Investments operating segment. CCR is included in our North America operating segment. Our finished product operations generate net operating revenues by selling sparkling beverages and a variety of still beverages, such as juices and juice drinks, energy and sports drinks, ready-to-drink teas and coffees, and certain water products, to retailers or to distributors, wholesalers and bottling partners who distribute them to retailers. In addition, in the United States, we manufacture fountain syrups and sell them to fountain retailers, such as restaurants and convenience stores who use the fountain syrups to produce beverages for immediate consumption, or to authorized fountain wholesalers or bottling partners who resell the fountain syrups to fountain retailers. In the United States, we authorize wholesalers to resell our fountain syrups through nonexclusive appointments that neither restrict us in setting the prices at which we sell fountain syrups to the wholesalers nor restrict the territories in which the wholesalers may resell in the United States. Summary of Significant Accounting Policies Basis of Presentation Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). The preparation of our consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities in our consolidated financial statements and accompanying notes. Although these estimates are based on our knowledge of current events and actions we may undertake in the future, actual results may ultimately differ from these estimates and assumptions. Furthermore, when testing assets for impairment in future periods, if management uses different assumptions or if different conditions occur, impairment charges may result. We use the equity method to account for investments in companies, if our investment provides us with the ability to exercise significant influence over operating and financial policies of the investee. Our consolidated net income includes our Company's proportionate share of the net income or loss of these companies. Our judgment regarding the level of influence over each equity method investment includes considering key factors such as our ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions. We eliminate from our financial results all significant intercompany transactions, including the intercompany transactions with consolidated variable interest entities ("VIEs") and the intercompany portion of transactions with equity method investees. Principles of Consolidation Our Company consolidates all entities that we control by ownership of a majority voting interest as well as VIEs for which our Company is the primary beneficiary. Generally, we consolidate only business enterprises that we control by ownership of a majority voting interest. However, there are situations in which consolidation is required even though the usual condition of consolidation (ownership of a majority voting interest) does not apply. Generally, this occurs when an entity holds an interest in another business enterprise that was achieved through arrangements that do not involve voting interests, which results in a disproportionate relationship between such entity's voting interests in, and its exposure to the economic risks and potential rewards of, the other business enterprise. This disproportionate relationship results in what is known as a variable interest, and the entity in which we have the variable interest is referred to as a "VIE." An enterprise must consolidate a VIE if it is determined to be the primary beneficiary of the VIE. The primary beneficiary has both (1) the power to direct the activities of the VIE that most significantly impact the entity's economic performance, and (2) the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. Our Company holds interests in certain VIEs, primarily bottling and container manufacturing operations, for which we were not determined to be the primary beneficiary. Our variable interests in these VIEs primarily relate to profit guarantees or subordinated financial support. Refer to Note 11 . Although these financial arrangements resulted in our holding variable interests in these entities, they did not empower us to direct the activities of the VIEs that most significantly impact the VIEs' economic performance. Our Company's investments, plus any loans and guarantees, related to these VIEs totaled $ 2,687 million and $ 2,274 million as of December 31, 2015 and 2014 , respectively, representing our maximum exposures to loss. The Company's investments, plus any loans and guarantees, related to these VIEs were not significant to the Company's consolidated financial statements. In addition, our Company holds interests in certain VIEs, primarily bottling and container manufacturing operations, for which we were determined to be the primary beneficiary. As a result, we have consolidated these entities. Our Company's investments, plus any loans and guarantees, related to these VIEs totaled $ 221 million and $ 266 million as of December 31, 2015 and 2014 , respectively, representing our maximum exposures to loss. The assets and liabilities of VIEs for which we are the primary beneficiary were not significant to the Company's consolidated financial statements. Creditors of our VIEs do not have recourse against the general credit of the Company, regardless of whether they are accounted for as consolidated entities. Assets and Liabilities Held for Sale Our Company classifies long-lived assets or disposal groups to be sold as held for sale in the period in which all of the following criteria are met: management, having the authority to approve the action, commits to a plan to sell the asset or disposal group; the asset or disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets or disposal groups; an active program to locate a buyer and other actions required to complete the plan to sell the asset or disposal group have been initiated; the sale of the asset or disposal group is probable, and transfer of the asset or disposal group is expected to qualify for recognition as a completed sale within one year, except if events or circumstances beyond our control extend the period of time required to sell the asset or disposal group beyond one year; the asset or disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. We initially measure a long-lived asset or disposal group that is classified as held for sale at the lower of its carrying value or fair value less any costs to sell. Any loss resulting from this measurement is recognized in the period in which the held-for-sale criteria are met. Conversely, gains are not recognized on the sale of a long-lived asset or disposal group until the date of sale. We assess the fair value of a long-lived asset or disposal group less any costs to sell each reporting period it remains classified as held for sale and report any subsequent changes as an adjustment to the carrying value of the asset or disposal group, as long as the new carrying value does not exceed the carrying value of the asset at the time it was initially classified as held for sale. Upon determining that a long-lived asset or disposal group meets the criteria to be classified as held for sale, the Company ceases depreciation and reports long-lived assets and/or the assets and liabilities of the disposal group, if material, in the line items assets held for sale and liabilities held for sale, respectively, in our consolidated balance sheet. Refer to Note 2. Revenue Recognition Our Company recognizes revenue when persuasive evidence of an arrangement exists, delivery of products has occurred, the sales price charged is fixed or determinable, and collectibility is reasonably assured. For our Company, this generally means that we recognize revenue when title to our products is transferred to our bottling partners, resellers or other customers. In particular, title usually transfers upon shipment to or receipt at our customers' locations, as determined by the specific sales terms of the transactions. Our sales terms do not allow for a right of return except for matters related to any manufacturing defects on our part. Deductions from Revenue Our customers can earn certain incentives including, but not limited to, cash discounts, funds for promotional and marketing activities, volume-based incentive programs and support for infrastructure programs. The costs associated with these incentives are included in deductions from revenue, a component of net operating revenues in our consolidated statements of income. For customer incentives that must be earned, management must make estimates related to the contractual terms, customer performance and sales volume to determine the total amounts earned and to be recorded in deductions from revenue. In making these estimates, management considers past results. The actual amounts ultimately paid may be different from our estimates. In some situations, the Company may determine it to be advantageous to make advance payments to specific customers to fund certain marketing activities intended to generate profitable volume and/or invest in infrastructure programs with our bottlers that are directed at strengthening our bottling system and increasing unit case volume. The Company also makes advance payments to certain customers for distribution rights. The advance payments made to customers are initially capitalized and included in our consolidated balance sheets in prepaid expenses and other assets and noncurrent other assets, depending on the duration of the agreements. The assets are amortized over the applicable periods and included in deductions from revenue. The duration of these agreements typically range up to 10 years. Amortization expense for infrastructure programs was $ 61 million , $ 72 million and $ 69 million in 2015 , 2014 and 2013 , respectively. The aggregate deductions from revenue recorded by the Company in relation to these programs, including amortization expense on infrastructure programs, were $ 6.8 billion , $ 7.0 billion and $ 6.9 billion in 2015 , 2014 and 2013 , respectively. Advertising Costs Our Company expenses production costs of print, radio, television and other advertisements as of the first date the advertisements take place. All other marketing expenditures are expensed in the annual period in which the expenditure is incurred. Advertising costs included in the line item selling, general and administrative expenses in our consolidated statements of income were $ 4.0 billion , $ 3.5 billion and $ 3.3 billion in 2015 , 2014 and 2013 , respectively. As of December 31, 2015 and 2014 , advertising and production costs of $ 207 million and $ 228 million , respectively, were primarily recorded in the line item prepaid expenses and other assets in our consolidated balance sheets. For interim reporting purposes, we allocate our estimated full year marketing expenditures that benefit multiple interim periods to each of our interim reporting periods. We use the proportion of each interim period's actual unit case volume to the estimated full year unit case volume as the basis for the allocation. This methodology results in our marketing expenditures being recognized at a standard rate per unit case. At the end of each interim reporting period, we review our estimated full year unit case volume and our estimated full year marketing expenditures in order to evaluate if a change in estimate is necessary. The impact of any changes in these full year estimates is recognized in the interim period in which the change in estimate occurs. Our full year marketing expenditures are not impacted by this interim accounting policy. Shipping and Handling Costs Shipping and handling costs related to the movement of finished goods from manufacturing locations to our sales distribution centers are included in the line item cost of goods sold in our consolidated statements of income. Shipping and handling costs incurred to move finished goods from our sales distribution centers to customer locations are included in the line item selling, general and administrative expenses in our consolidated statements of income. During the years ended December 31, 2015 , 2014 and 2013 , the Company recorded shipping and handling costs of $ 2.5 billion , $ 2.7 billion and $2.7 billion , respectively, in the line item selling, general and administrative expenses. Our customers do not pay us separately for shipping and handling costs related to finished goods. Net Income Per Share Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted net income per share is computed similarly to basic net income per share, except that it includes the potential dilution that could occur if dilutive securities were exercised. Approximately 27 million , 38 million and 28 million stock option awards were excluded from the computations of diluted net income per share in 2015 , 2014 and 2013 , respectively, because the awards would have been antidilutive for the years presented. Cash Equivalents We classify time deposits and other investments that are highly liquid and have maturities of three months or less at the date of purchase as cash equivalents. We manage our exposure to counterparty credit risk through specific minimum credit standards, diversification of counterparties and procedures to monitor our credit risk concentrations. Short-Term Investments We classify time deposits and other investments that have maturities of greater than three months but less than one year as short-term investments. Investments in Equity and Debt Securities We use the equity method to account for our investments in equity securities if our investment gives us the ability to exercise significant influence over operating and financial policies of the investee. We include our proportionate share of earnings and/or losses of our equity method investees in equity income (loss) — net in our consolidated statements of income. The carrying value of our equity investments is reported in equity method investments in our consolidated balance sheets. Refer to Note 6 . We account for investments in companies that we do not control or account for under the equity method either at fair value or under the cost method, as applicable. Investments in equity securities, other than investments accounted for under the equity method, are carried at fair value if the fair value of the security is readily determinable. Equity investments carried at fair value are classified as either trading or available-for-sale securities with their cost basis determined by the specific identification method. Realized and unrealized gains and losses on trading securities and realized gains and losses on available-for-sale securities are included in other income (loss) — net in our consolidated statements of income. Unrealized gains and losses, net of deferred taxes, on available-for-sale securities are included in our consolidated balance sheets as a component of accumulated other comprehensive income (loss) ("AOCI"), except for the change in fair value attributable to the currency risk being hedged, if applicable, which is included in other income (loss) — net in our consolidated statements of income. Trading securities are reported as either marketable securities or other assets in our consolidated balance sheets. Securities classified as available-for-sale are reported as either marketable securities, other investments or other assets in our consolidated balance sheets, depending on the length of time we intend to hold the investment. Refer to Note 3 . Investments in equity securities that we do not control or account for under the equity method and do not have readily determinable fair values for are accounted for under the cost method. Cost method investments are originally recorded at cost, and we record dividend income when applicable dividends are declared. Cost method investments are reported as other investments in our consolidated balance sheets, and dividend income from cost method investments is reported in the line item other income (loss) — net in our consolidated statements of income. Our investments in debt securities are carried at either amortized cost or fair value. Investments in debt securities that the Company has the positive intent and ability to hold to maturity are carried at amortized cost and classified as held-to-maturity. Investments in debt securities that are not classified as held-to-maturity are carried at fair value and classified as either trading or available-for-sale. Each reporting period we review all of our investments in equity and debt securities, except for those classified as trading, to determine whether a significant event or change in circumstances has occurred that may have an adverse effect on the fair value of each investment. When such events or changes occur, we evaluate the fair value compared to our cost basis in the investment. We also perform this evaluation every reporting period for each investment for which our cost basis exceeded the fair value. The fair values of most of our investments in publicly traded companies are often readily available based on quoted market prices. For investments in nonpublicly traded companies, management's assessment of fair value is based on valuation methodologies including discounted cash flows, estimates of sales proceeds, and appraisals, as appropriate. We consider the assumptions that we believe hypothetical marketplace participants would use in evaluating estimated future cash flows when employing the discounted cash flow or estimates of sales proceeds valuation methodologies. In the event the fair value of an investment declines below our cost basis, management is required to determine if the decline in fair value is other than temporary. If management determines the decline is other than temporary, an impairment charge is recorded. Management's assessment as to the nature of a decline in fair value is based on, among other things, the length of time and the extent to which the market value has been less than our cost basis; the financial condition and near-term prospects of the issuer; and our intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in market value. Trade Accounts Receivable We record trade accounts receivable at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts to reflect any loss anticipated on the trade accounts receivable balances and charged to the provision for doubtful accounts. We calculate this allowance based on our history of write-offs, the level of past-due accounts based on the contractual terms of the receivables, and our relationships with, and the economic status of, our bottling partners and customers. We believe our exposure to concentrations of credit risk is limited due to the diverse geographic areas covered by our operations. Activity in the allowance for doubtful accounts was as follows (in millions): Year Ended December 31, 2015 2014 2013 Balance at beginning of year $ 331 $ 61 $ 53 Net charges to costs and expenses 1 45 308 30 Write-offs (10 ) (13 ) (14 ) Other 2 (14 ) (25 ) (8 ) Balance at end of year $ 352 $ 331 $ 61 1 The increase in 2014 was primarily related to concentrate sales receivables from our bottling partner in Venezuela. See Hyperinflationary Economies discussion below for additional information. 2 Other includes foreign currency translation and the impact of transferring certain assets to assets held for sale. See Note 2. A significant portion of our net operating revenues and corresponding accounts receivable is derived from sales of our products in international markets. Refer to Note 19 . We also generate a significant portion of our net operating revenues by selling concentrates and syrups to bottlers in which we have a noncontrolling interest, including Coca-Cola FEMSA, S.A.B. de C.V. ("Coca-Cola FEMSA"), Coca-Cola HBC AG ("Coca-Cola Hellenic"), and Coca-Cola İçecek A.Ş. ("Coca-Cola İçecek"). Refer to Note 6 . Inventories Inventories consist primarily of raw materials and packaging (which includes ingredients and supplies) and finished goods (which include concentrates and syrups in our concentrate operations and finished beverages in our finished product operations). Inventories are valued at the lower of cost or market. We determine cost on the basis of the average cost or first-in, first-out methods. Refer to Note 4 . Derivative Instruments Our Company, when deemed appropriate, uses derivatives as a risk management tool to mitigate the potential impact of certain market risks. The primary market risks managed by the Company through the use of derivative instruments are foreign currency exchange rate risk, commodity price risk and interest rate risk. All derivatives are carried at fair value in our consolidated balance sheets in the following line items, as applicable: prepaid expenses and other assets; other assets; accounts payable and accrued expenses; and other liabilities. The cash flow impact of the Company's derivative instruments is primarily included in our consolidated statements of cash flows in net cash provided by operating activities. Refer to Note 5 . Property, Plant and Equipment Property, plant and equipment are stated at cost. Repair and maintenance costs that do not improve service potential or extend economic life are expensed as incurred. Depreciation is recorded principally by the straight-line method over the estimated useful lives of our assets, which are reviewed periodically and generally have the following ranges: buildings and improvements: 40 years or less; and machinery, equipment and vehicle fleet: 20 years or less. Land is not depreciated, and construction in progress is not depreciated until ready for service. Leasehold improvements are amortized using the straight-line method over the shorter of the remaining lease term, including renewals that are deemed to be reasonably assured, or the estimated useful life of the improvement. Depreciation is not recorded during the period in which a long-lived asset or disposal group is classified as held for sale, even if the asset or disposal group continues to generate revenue during the period. Depreciation expense, including the depreciation expense of assets under capital lease, totaled $ 1,735 million , $ 1,716 million and $ 1,727 million in 2015 , 2014 and 2013 , respectively. Amortization expense for leasehold improvements totaled $ 18 million , $ 20 million and $ 16 million in 2015 , 2014 and 2013 , respectively. Certain events or changes in circumstances may indicate that the recoverability of the carrying amount of property, plant and equipment should be assessed, including, among others, a significant decrease in market value, a significant change in the business climate in a particular market, or a current period operating or cash flow loss combined with historical losses or projected future losses. When such events or changes in circumstances are present, we estimate the future cash flows expected to result from the use of the asset or asset group and its eventual disposition. These estimated future cash flows are consistent with those we use in our internal planning. If the sum of the expected future cash flows (undiscounted and without interest charges) is less than the carrying amount, we recognize an impairment loss. The impairment loss recognized is the amount by which the carrying amount exceeds the fair value. We use a variety of methodologies to determine the fair value of property, plant and equipment, including appraisals and discounted cash flow models, which are consistent with the assumptions we believe hypothetical marketplace participants would use. Refer to Note 7 . Goodwill, Trademarks and Other Intangible Assets We classify intangible assets into three categories: (1) intangible assets with definite lives subject to amortization, (2) intangible assets with indefinite lives not subject to amortization and (3) goodwill. We determine the useful lives of our identifiable intangible assets after considering the specific facts and circumstances related to each intangible asset. Factors we consider when determining useful lives include the contractual term of any agreement related to the asset, the historical performance of the asset, the Company's long-term strategy for using the asset, any laws or other local regulations which could impact the useful life of the asset, and other economic factors, including competition and specific market conditions. Intangible assets that are deemed to have definite lives are amortized, primarily on a straight-line basis, over their useful lives, generally ranging from 1 to 20 years. Refer to Note 8 . When facts and circumstances indicate that the carrying value of definite-lived intangible assets may not be recoverable, management assesses the recoverability of the carrying value by preparing estimates of sales volume and the resulting profit and cash flows. These estimated future cash flows are consistent with those we use in our internal planning. If the sum of the expected future cash flows (undiscounted and without interest charges) is less than the carrying amount, we recognize an impairment loss. The impairment loss recognized is the amount by which the carrying amount of the asset or asset group exceeds the fair value. We use a variety of methodologies to determine the fair value of these assets, including discounted cash flow models, which are consistent with the assumptions we believe hypothetical marketplace participants would use. We test intangible assets determined to have indefinite useful lives, including trademarks, franchise rights and goodwill, for impairment annually, or more frequently if events or circumstances indicate that assets might be impaired. Our Company performs these annual impairment reviews as of the first day of our third fiscal quarter. We use a variety of methodologies in conducting impairment assessments of indefinite-lived intangible assets, including, but not limited to, discounted cash flow models, which are based on the assumptions we believe hypothetical marketplace participants would use. For indefinite-lived intangible assets, other than goodwill, if the carrying amount exceeds the fair value, an impairment charge is recognized in an amount equal to that excess. The Company has the option to perform a qualitative assessment of indefinite-lived intangible assets, other than goodwill, prior to completing the impairment test described above. The Company must assess whether it is more likely than not that the fair value of the intangible asset is less than its carrying amount. If the Company concludes that this is the case, it must perform the testing described above. Otherwise, the Company does not need to perform any further assessment. During 2015 , the Company performed qualitative assessments on 25 percent of our indefinite-lived intangible assets balance. We perform impairment tests of goodwill at our reporting unit level, which is one level below our operating segments. Our operating segments are primarily based on geographic responsibility, which is consistent with the way management runs our business. Our operating segments are subdivided into smaller geographic regions or territories that we sometimes refer to as "business units." These business units are also our reporting units. The Bottling Investments operating segment includes all Company-owned or consolidated bottling operations, regardless of geographic location, except for bottling operations managed by CCR, which are included in our North America operating segment. Generally, each Company-owned or consolidated bottling operation within our Bottling Investments operating segment is its own reporting unit. Goodwill is assigned to the reporting unit or units that benefit from the synergies arising from each business combination. The goodwill impairment test consists of a two-step process, if necessary. The first step is to compare the fair value of a reporting unit to its carrying value, including goodwill. We typically use discounted cash flow models to determine the fair value of a reporting unit. The assumptions used in these models are consistent with those we believe hypothetical marketplace participants would use. If the fair value of the reporting unit is less than its carrying value, the second step of the impairment test must be performed in order to determine the amount of impairment loss, if any. The second step compares the implied fair value of the reporting unit's goodwill with the carrying amount of that goodwill. If the carry

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS AND DIVESTITURES	12 Months Ended
	Dec. 31, 2015
Acquisitions and Divestitures Disclosure [
ACQUISITIONS AND DIVESTITURES	ACQUISITIONS AND DIVESTITURES Acquisitions During 2015 , our Company's acquisitions of businesses, equity method investments and nonmarketable securities totaled $2,491 million , which primarily related to our strategic partnership with Monster Beverage Corporation ("Monster") and an investment in a bottling partner in Indonesia that is accounted for under the equity method of accounting. The bottling partner in Indonesia is a subsidiary of Coca-Cola Amatil Limited, an equity method investee. We also acquired the remaining outstanding shares of a bottling partner in South Africa ("South African bottler"), which was previously accounted for as an equity method investment. We remeasured our previously held equity interest in the South African bottler to fair value upon the close of the transaction and recorded a loss on the remeasurement of $19 million during the year ended December 31, 2015 . This bottler will be included in the Coca-Cola Beverages Africa Limited transaction discussed further below. During 2014 , our Company's acquisitions of businesses, equity method investments and nonmarketable securities totaled $ 389 million and primarily included a joint investment with one of our bottling partners in a dairy company in Ecuador, which is accounted for under the equity method of accounting. During 2013 , our Company's acquisitions of businesses, equity method investments and nonmarketable securities totaled $ 353 million , which primarily included our acquisition of the majority of the remaining outstanding shares of Fresh Trading Ltd. ("innocent") and a majority interest in bottling operations in Myanmar. The Company previously accounted for our investment in innocent under the equity method of accounting. We remeasured our equity interest in innocent to fair value upon the close of the transaction. The resulting gain on the remeasurement was not significant to our consolidated financial statements. Monster Beverage Corporation On August 14, 2014, the Company and Monster entered into definitive agreements for a long-term strategic relationship in the global energy drink category. The transaction contemplated under these agreements ("Monster Transaction") closed on June 12, 2015. As a result of the Monster Transaction, (1) the Company purchased newly issued shares of Monster common stock representing approximately 17 percent of the outstanding shares of Monster common stock (after giving effect to the new issuance); (2) the Company sold its global energy drink business (including NOS, Full Throttle, Burn, Mother, Play and Power Play, and Relentless) to Monster, and the Company acquired Monster's non-energy drink business (including Hansen's Natural Sodas, Peace Tea, Hubert's Lemonade and Hansen's Juice Products); and (3) the parties amended their distribution coordination agreements to expand distribution of Monster products into additional territories pursuant to long-term agreements with the Company's existing network of Company-owned or -controlled bottling operations and distribution partners. The Coca-Cola system also became Monster's preferred global distribution partner. The Company made a net cash payment of $2,150 million to Monster, of which $125 million is being held in escrow, subject to release upon achievement of milestones relating to the transfer of Monster's domestic distribution rights to our distribution network. The Monster Transaction consisted of multiple elements including the purchase of common stock, the acquisition and divestiture of businesses and the expansion of distribution territories. When consideration transferred is not solely in the form of cash, measurement is based on either the cost to the acquiring entity (the fair value of the assets given) or the fair value of the assets acquired, whichever is more clearly evident and, thus, more reliably measurable. As the majority of the consideration transferred was cash, we believe the fair value of the consideration transferred is more reliably measurable. The consideration transferred consists of $2,150 million of cash (including $125 million in escrow) and the fair value of our global energy business of $ 2,046 million , which we determined using discounted cash flow analyses, resulting in total consideration transferred of $ 4,196 million . As such, we have allocated the total consideration transferred to the individual assets and business acquired based on a relative fair value basis, using the closing date fair values of each element, as follows (in millions): June 12, 2015 Equity investment in Monster $ 3,066 Expansion of distribution territories 1,035 Monster non-energy drink business 95 Total assets and business acquired $ 4,196 In addition to our ownership interest in Monster's outstanding common stock, the Company is represented by two directors on Monster's 10 member Board of Directors. Based on our equity ownership percentage, the significance that our expanded distribution and coordination agreements have on Monster's operations, and our representation on Monster's Board of Directors, the Company is accounting for its interest in Monster as an equity method investment. As a result of the Monster Transaction, the North America Coca-Cola system obtained the right to distribute Monster products in territories for which it was not previously the authorized distributor ("expanded territories"). These distribution rights are governed by an agreement with an initial term of 20 years , after which it will continue to remain in effect unless otherwise terminated by either party and there are no future costs of renewal. As such, these rights were determined to be indefinite-lived intangible assets and are classified in the line item bottlers' franchise rights with indefinite lives in our consolidated balance sheet. CCR is the distributor in the majority of the expanded territories. The remainder of the territories are serviced by independent bottling partners. Of the $1,035 million allocated to the expanded distribution rights, the Company derecognized $341 million related to the expanded territories serviced by the independent bottling partners upon the close of the transaction. As consideration for these rights, the Company received an up-front payment of $28 million related to these territories, and we will receive a payment per case on all future sales made by these independent bottlers for the duration of the distribution agreements. As these payments are dependent on future sales, they are a form of contingent consideration. We elected to account for this consideration in the same manner as the contingent consideration to be received in the North America refranchising, discussed below. This resulted in a net loss of $313 million recorded in the line item other income (loss) — net in our consolidated statement of income during the year ended December 31, 2015 . During the year ended December 31, 2015 , the Company recognized a gain of $1,715 million on the sale of our global energy drink business, primarily due to the difference in the recorded carrying value of the assets transferred, including an allocated portion of goodwill, compared to the value of the total assets and business acquired. After considering the loss resulting from the derecognition of the expanded territory rights serviced by the independent bottling partners, the net gain recognized on the Monster Transaction was $1,403 million , which was recorded in the line item other income (loss) — net in our consolidated statement of income. Additionally, under the terms of the Monster Transaction, we were required to discontinue selling energy products under certain trademarks, including one trademark in the glacéau portfolio. The Company recognized an impairment charge of $380 million upon closing, primarily related to the discontinuation of the energy products in the glacéau portfolio, which was recorded in the line item other operating charges in our consolidated statement of income. During the year ended December 31, 2015 , based on the relative fair values of the total assets and business acquired, $1,620 million of the $2,150 million cash payment made was classified in the line item acquisitions of businesses, equity method investments and nonmarketable securities in our consolidated statement of cash flows. The remaining $530 million was classified in the line item other investing activities in our consolidated statement of cash flows. Keurig Green Mountain, Inc. In February 2014, the Company purchased newly issued shares in Keurig Green Mountain, Inc. ("Keurig") for $1,265 million , including transaction costs of $14 million . In May 2014, the Company purchased additional shares of Keurig in the market for $302 million , which represented an additional 2 percent equity position in Keurig. Subsequent to these purchases, the Company entered into an agreement with Credit Suisse Capital LLC ("CS") to purchase additional shares of Keurig which would increase the Company's equity position to a 16 percent interest based on the total number of issued and outstanding shares of Keurig as of May 1, 2014. Under the agreement, the Company was to purchase from CS, on a date selected by CS no later than February 2015, the lesser of (1) 6.5 million shares of Keurig or (2) the number of shares that shall cause our ownership to equal 16 percent . The purchase price per share was the average of the daily volume-weighted average price per share from May 15, 2014, to the date selected by CS, as adjusted in certain circumstances specified in the agreement. CS had exclusive ownership and control over any such shares until delivered to the Company. In February 2015, the Company purchased 6.4 million shares from CS under this agreement for a total purchase price of $830 million . As this agreement qualified as a derivative, we recognized a loss of $58 million in the line item other income (loss) — net in our consolidated statement of income during the year ended December 31, 2015 . The Company recognized a cumulative loss of $47 million in the line item other income (loss) — net in our consolidated statement of income over the term of the agreement. We account for the investment in Keurig as an available-for-sale security, which is included in the line item other investments in our consolidated balance sheet. These purchases of the shares were included in the line item purchases of investments in our consolidated statement of cash flows, net of any related derivative impact. German Bottling Operations In conjunction with the Company's acquisition of German bottling operations in 2007, the former owners received put options to sell their respective shares in the operations back to the Company in January 2014. During the year ended December 31, 2014 , the Company paid $ 503 million to purchase these shares, which was included in the line item other financing activities in our consolidated statement of cash flows, resulting in 100 percent ownership of our German bottling operations. Divestitures During 2015 , proceeds from disposals of businesses, equity method investments and nonmarketable securities totaled $565 million , which included proceeds from the refranchising of certain of our territories in North America and proceeds from the sale of a 10 percent interest in a Brazilian bottling partner as a result of the majority owners exercising their right to acquire additional shares from us. During 2014 , proceeds from disposals of businesses, equity method investments and nonmarketable securities totaled $ 148 million , which primarily represented the proceeds from the refranchising of certain of our territories in North America. During 2013 , proceeds from disposals of businesses, equity method investments and nonmarketable securities totaled $872 million . These proceeds primarily included the sale of a majority ownership interest in our previously consolidated bottling operations in the Philippines ("Philippine bottling operations"), and separately, the deconsolidation of our bottling operations in Brazil ("Brazilian bottling operations"). North America Refranchising In conjunction with implementing a new beverage partnership model in North America, the Company refranchised territories that were previously managed by CCR to certain of our unconsolidated bottling partners. These territories generally border these bottlers' existing territories, allowing each bottler to better service local customers and provide more efficient execution. By entering into comprehensive beverage agreements ("CBAs") with each of the bottlers, we granted certain exclusive territory rights for the distribution, promotion, marketing and sale of Company-owned and licensed beverage products as defined by the CBA. In some cases, the Company has entered into, or agreed to enter into, manufacturing agreements that authorize certain bottlers that have executed a CBA to manufacture certain beverage products. If a bottler has not entered into a specific manufacturing agreement, then under the CBA for these territories, CCR retains the rights to produce these beverage products and the bottlers will purchase from CCR (or other Company-authorized manufacturing bottlers) substantially all of the related finished products needed in order to service the customers in these territories. Each CBA generally has a term of 10 years and is renewable, in most cases by the bottler and in some cases by the Company, indefinitely for successive additional terms of 10 years each. Under the CBA, the bottlers will make ongoing quarterly payments to the Company based on their gross profit in the refranchised territories throughout the term of the CBA, including renewals, in exchange for the grant of the exclusive territory rights. Contemporaneously with the grant of these rights, the Company sold the distribution assets, certain working capital items, and the exclusive rights to distribute certain beverage brands not owned by the Company, but distributed by CCR, in each of these territories to the respective bottlers in exchange for cash. These rights include, where applicable, the recently acquired Monster distribution rights discussed above. During the years ended December 31, 2015 and December 31, 2014 , cash proceeds from these sales totaled $362 million and $143 million , respectively. Included in the cash proceeds for the years ended December 31, 2015 and December 31, 2014 was $83 million and $42 million , respectively, from Coca-Cola Bottling Co. Consolidated, an equity method investee. Under the applicable accounting guidance, we were required to derecognize all of the tangible assets sold as well as the intangible assets transferred, including distribution rights, customer relationships and an allocated portion of goodwill related to these territories. Additionally, in September 2015, the Company announced the formation of a new National Product Supply System ("NPSS") which will facilitate optimal operation of the U.S. product supply system. Under the NPSS, the Company and several of its existing independent producing bottlers will administer key national product supply activities for these bottlers, which currently represent approximately 95 percent of the U.S. produced volume. As part of the NPSS, it is anticipated that each of these bottlers will acquire certain production facilities from CCR in exchange for cash, subject to the parties reaching definitive agreements. The transition of these production facilities is anticipated to take place by the end of 2017. We recognized noncash losses of $1,006 million and $799 million during the years ended December 31, 2015 and December 31, 2014 , respectively. These losses primarily related to the derecognition of the intangible assets transferred or reclassified as held for sale, and were included in the line item other income (loss) — net in our consolidated statements of income. See further discussion of assets and liabilities held for sale below. We expect to recover the value of the intangible assets transferred to the bottlers under the CBAs through the future quarterly payments; however, as the payments for the territory rights are dependent on the bottlers' future gross profit in these territories, they are considered a form of contingent consideration. There is diversity in practice as it relates to the accounting for contingent consideration by the seller. The seller can account for the future contingent payments received as a gain contingency, recognizing the amounts in the income statement only after the related contingencies are resolved and the gain is realized, which in this arrangement will be quarterly as the bottlers earn gross profit in the transferred territories. Alternatively, the seller can record a receivable for the contingent consideration at fair value on the date of sale and record any future differences between the payments received and this receivable in the income statement as they occur. We elected the gain contingency treatment since the quarterly payments will be received throughout the terms of the CBAs, including all subsequent renewals, regardless of the cumulative amount received as compared to the value of the intangible assets transferred. Philippine Bottling Operations On January 25, 2013, the Company sold a 51 percent interest in our Philippine bottling operations to Coca-Cola FEMSA, an equity method investee. The Company accounts for our remaining 49 percent ownership interest in the Philippine bottling operations under the equity method of accounting. As a result of this transaction, we remeasured our remaining investment in the Philippine bottling operations to fair value taking into consideration the sale price of the majority ownership interest. Coca-Cola FEMSA has an option to purchase our remaining ownership interest in the Philippine bottling operations at any time during the seven years following closing based on the initial purchase price plus a defined return. Coca-Cola FEMSA also has an option exercisable during the sixth year after closing to sell its ownership interest back to the Company at a price not to exceed the initial purchase price. Brazilian Bottling Operations On July 3, 2013, the Company combined our Brazilian bottling operations with an independent bottler in Brazil in a transaction involving a disposition of shares for cash and an exchange of shares for a 44 percent minority ownership interest in the newly combined entity, which was recorded at fair value. This combination resulted in the deconsolidation of our Brazilian bottling operations. As a result of this transaction, the Company recognized a gain of $ 615 million in the line item other income (loss) — net in our consolidated statement of income during the year ended December 31, 2013. The owners of the majority interest have the option to acquire up to 24 percent of the new entity's outstanding shares from us at any time for a period of six years beginning December 31, 2013, based on an agreed-upon formula. In December 2014, the Company received notification that the owners of the majority interest had exercised their option to acquire from us a 10 percent interest in the entity's outstanding shares. During the year ended December 31, 2014 , we recorded an estimated loss of $32 million as a result of the exercise price being lower than our carrying value. The transaction closed in January 2015, and the Company recorded an additional loss of $6 million during the year ended December 31, 2015 , calculated based on the final option price. As a result of this transaction, the Company's ownership was reduced to 34 percent of the entity’s outstanding shares. The owners of the majority interest have a remaining option to acquire an additional 14 percent interest of the entity's outstanding shares at any time through December 31, 2019, based on an agreed-upon formula. Assets and Liabilities Held for Sale North America Refranchising As of December 31, 2015 , the Company had entered into agreements to refranchise additional territories in North America. These territories met the criteria to be classified as held for sale. Additionally, to the extent that the parties have reached definitive agreements related to the transfer of production assets in conjunction with the new NPSS, and the related transfer is anticipated to close within a year, the related assets also met the criteria to be classified as held for sale. As such, we were required to record the related assets and liabilities at the lower of carrying value or fair value less any costs to sell based on the agreed-upon sale price. The Company expects these transactions to close at various times throughout 2016. Coca-Cola European Partners In August 2015, the Company entered into an agreement to merge our German bottling operations with Coca-Cola Enterprises, Inc. ("CCE") and Coca-Cola Iberian Partners SA ("CCIP") to create Coca-Cola European Partners ("CCEP"). At closing, the Company will own 18 percent of CCEP, which we anticipate accounting for as an equity method investment based on our equity ownership percentage, our representation on CCEP's Board of Directors and other governance rights. The Boards of Directors of the Company, CCE and CCIP have approved the transaction. The proposed merger is subject to approval by CCE's shareowners, receipt of regulatory clearances and other customary conditions. The merger is expected to close in the second quarter of 2016. As a result of this agreement, our German bottling operations met the criteria to be classified as held for sale as of December 31, 2015 . We were not required to record the related assets and liabilities at fair value less any costs to sell because their fair value exceeded our carrying value. Coca-Cola Beverages Africa Limited In November 2014, the Company, SAB Miller plc, and Gutsche Family Investments entered into an agreement to combine the bottling operations of each of the parties' nonalcoholic ready-to-drink beverage businesses in Southern and East Africa. Upon completion of the proposed merger, the Company will have an ownership of 11 percent in the bottler which will be called Coca-Cola Beverages Africa Limited. The Company will also acquire or license several brands in exchange for cash as a result of the transaction. As of December 31, 2015 , our South African bottling operations and related equity method investments met the criteria to be classified as held for sale, but we were not required to record these assets and liabilities at fair value less any costs to sell because their fair value exceeded our carrying value. The Company expects the transaction to close in the second quarter of 2016, subject to regulatory approval. Based on the proposed governance structure, the Company expects to account for its resulting interest in the new entity as an equity method investment. The following table presents information related to the major classes of assets and liabilities that were classified as held for sale in our consolidated balance sheet (in millions): December 31, 2015 December 31, 2014 Cash, cash equivalents and short-term investments $ 143 $ 30 Trade accounts receivable, less allowances 485 100 Inventories 276 54 Prepaid expenses and other assets 83 7 Equity method investments 92 141 Other assets 25 3 Property, plant and equipment — net 2,021 303 Bottlers' franchise rights with indefinite lives 1,020 410 Trademarks — 43 Goodwill 333 46 Other intangible assets 115 36 Allowance for reduction of assets held for sale (693 ) (494 ) Total assets $ 3,900 1 $ 679 3 Accounts payable and accrued expenses $ 712 $ 48 Current maturities of long-term debt 12 — Accrued income taxes 4 — Long-term debt 74 — Other liabilities 79 6 Deferred income taxes 252 4 Total liabilities $ 1,133 2 $ 58 4 1 Consists of total assets relating to CCEP of $2,894 million , North America refranchising of $589 million , Coca-Cola Beverages Africa Limited of $398 million and other assets held for sale of $19 million , which are included in the Europe, North America, Eurasia and Africa, Bottling Investments and Corporate operating segments. 2 Consists of total liabilities relating to CCEP of $924 million , North America refranchising of $123 million and Coca-Cola Beverages Africa Limited of $86 million , which are included in the Europe, North America, Eurasia and Africa, and Bottling Investments operating segments. 3 Consists of total assets relating to North America refranchising of $223 million , Coca-Cola Beverages Africa Limited of $333 million , the Monster Transaction of $43 million and other assets held for sale of $80 million , which are included in the North America, Eurasia and Africa, Bottling Investments and Corporate operating segments. 4 Consists of total liabilities relating to North America refranchising of $22 million and Coca-Cola Beverages Africa Limited of $36 million , which are included in the North America, Eurasia and Africa, and Bottling Investments operating segments. We determined that the operations included in the table above did not meet the criteria to be classified as discontinued operations under the applicable guidance.

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2015
Investments Disclosure [Abstract]
INVESTMENTS	INVESTMENTS Investments in debt and marketable securities, other than investments accounted for under the equity method, are classified as trading, available-for-sale or held-to-maturity. Our marketable equity investments are classified as either trading or available-for-sale with their cost basis determined by the specific identification method. Our investments in debt securities are carried at either amortized cost or fair value. Investments in debt securities that the Company has the positive intent and ability to hold to maturity are carried at amortized cost and classified as held-to-maturity. Investments in debt securities that are not classified as held-to-maturity are carried at fair value and classified as either trading or available-for-sale. Realized and unrealized gains and losses on trading securities and realized gains and losses on available-for-sale securities are included in net income. Unrealized gains and losses, net of deferred taxes, on available-for-sale securities are included in our consolidated balance sheets as a component of AOCI, except for the change in fair value attributable to the currency risk being hedged. Refer to Note 5 for additional information related to the Company's fair value hedges of available-for-sale securities. Trading Securities As of December 31, 2015 and 2014 , our trading securities had a fair value of $ 322 million and $ 409 million , respectively, and consisted primarily of equity securities. The Company had net unrealized gains on trading securities of $ 19 million , $ 40 million and $ 12 million as of December 31, 2015 , 2014 and 2013 , respectively. The Company's trading securities were included in the following line items in our consolidated balance sheets (in millions): December 31, 2015 2014 Marketable securities $ 229 $ 315 Other assets 93 94 Total trading securities $ 322 $ 409 Available-for-Sale and Held-to-Maturity Securities As of December 31, 2015 and 2014 , the Company did not have any held-to-maturity securities. Available-for-sale securities consisted of the following (in millions): Gross Unrealized Estimated Fair Value Cost Gains Losses 2015 Available-for-sale securities: 1 Equity securities $ 3,573 $ 485 $ (84 ) $ 3,974 Debt securities 4,593 64 (25 ) 4,632 Total $ 8,166 $ 549 $ (109 ) $ 8,606 2014 Available-for-sale securities: 1 Equity securities $ 2,687 $ 1,463 $ (29 ) $ 4,121 Debt securities 3,796 68 (106 ) 2 3,758 Total $ 6,483 $ 1,531 $ (135 ) $ 7,879 1 Refer to Note 16 for additional information related to the estimated fair value. 2 Includes $101 million recognized in the consolidated income statement line item other income (loss) — net during the year ended December 31, 2014. The amount was primarily offset by changes in the fair value of foreign currency contracts designated as fair value hedges. Refer to Note 5 for additional information. The sale and/or maturity of available-for-sale securities resulted in the following activity (in millions): Year Ended December 31, 2015 2014 2013 Gross gains $ 103 $ 38 $ 12 Gross losses (42 ) (21 ) (24 ) Proceeds 4,043 4,157 4,212 In 2015 and 2014 , the Company had investments classified as available-for-sale securities in which our cost basis exceeded the fair value of our investment. Management assessed each of these investments on an individual basis to determine if the decline in fair value was other than temporary. Management's assessment as to the nature of a decline in fair value is based on, among other things, the length of time and the extent to which the market value has been less than our cost basis; the financial condition and near-term prospects of the issuer; and our intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in market value. As a result of these assessments, management determined that the decline in fair value of these investments was not other than temporary and did not record any impairment charges. The Company uses insurance captives to reinsure group annuity insurance contracts that cover the pension obligations of certain of our European and Canadian pension plans. In accordance with local insurance regulations, our insurance captive is required to meet and maintain minimum solvency capital requirements. The Company elected to invest its solvency capital in a portfolio of available-for-sale securities, which have been classified in the line item other assets in our consolidated balance sheets because the assets are not available to satisfy our current obligations. As of December 31, 2015 and 2014 , the Company's available-for-sale securities included solvency capital funds of $ 804 million and $ 836 million , respectively. As of December 31, 2015 and 2014 , the Company did not have any held-to-maturity securities. The Company's available-for-sale securities were included in the following line items in our consolidated balance sheets (in millions): December 31, 2015 2014 Cash and cash equivalents $ 361 $ 43 Marketable securities 4,040 3,350 Other investments 3,280 3,512 Other assets 925 974 Total $ 8,606 $ 7,879 The contractual maturities of these investments as of December 31, 2015 were as follows (in millions): Available-for-Sale Securities Cost Fair Value Within 1 year $ 2,496 $ 2,496 After 1 year through 5 years 1,709 1,728 After 5 years through 10 years 111 122 After 10 years 277 286 Equity securities 3,573 3,974 Total $ 8,166 $ 8,606 The Company expects that actual maturities may differ from the contractual maturities above because borrowers have the right to call or prepay certain obligations. Cost Method Investments Cost method investments are initially recorded at cost, and we record dividend income when applicable dividends are declared. Cost method investments are reported as other investments in our consolidated balance sheets, and dividend income from cost method investments is reported in other income (loss) — net in our consolidated statements of income. We review all of our cost method investments quarterly to determine if impairment indicators are present; however, we are not required to determine the fair value of these investments unless impairment indicators exist. When impairment indicators exist, we generally use discounted cash flow analyses to determine the fair value. We estimate that the fair values of our cost method investments approximated or exceeded their carrying values as of December 31, 2015 and 2014 . Our cost method investments had a carrying value of $ 190 million and $ 166 million as of December 31, 2015 and 2014 , respectively.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2015
Inventories [Abstract]
INVENTORIES	INVENTORIES Inventories consist primarily of raw materials and packaging (which includes ingredients and supplies) and finished goods (which include concentrates and syrups in our concentrate operations and finished beverages in our finished product operations). Inventories are valued at the lower of cost or market. We determine cost on the basis of the average cost or first-in, first-out methods. Inventories consisted of the following (in millions): December 31, 2015 2014 Raw materials and packaging $ 1,564 $ 1,615 Finished goods 1,032 1,134 Other 306 351 Total inventories $ 2,902 $ 3,100

HEDGING TRANSACTIONS AND DERIVA

HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2015
Hedging Transactions and Derivative Financial Instruments Disclosures [Abstract]
HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS	HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS The Company is directly and indirectly affected by changes in certain market conditions. These changes in market conditions may adversely impact the Company's financial performance and are referred to as "market risks." When deemed appropriate, our Company uses derivatives as a risk management tool to mitigate the potential impact of certain market risks. The primary market risks managed by the Company through the use of derivative and non-derivative financial instruments are foreign currency exchange rate risk, commodity price risk and interest rate risk. The Company uses various types of derivative instruments including, but not limited to, forward contracts, commodity futures contracts, option contracts, collars and swaps. Forward contracts and commodity futures contracts are agreements to buy or sell a quantity of a currency or commodity at a predetermined future date, and at a predetermined rate or price. An option contract is an agreement that conveys the purchaser the right, but not the obligation, to buy or sell a quantity of a currency or commodity at a predetermined rate or price during a period or at a time in the future. A collar is a strategy that uses a combination of options to limit the range of possible positive or negative returns on an underlying asset or liability to a specific range, or to protect expected future cash flows. To do this, an investor simultaneously buys a put option and sells (writes) a call option, or alternatively buys a call option and sells (writes) a put option. A swap agreement is a contract between two parties to exchange cash flows based on specified underlying notional amounts, assets and/or indices. We do not enter into derivative financial instruments for trading purposes. The Company may also designate certain non-derivative instruments, such as our foreign-denominated debt, in hedging relationships. All derivatives are carried at fair value in our consolidated balance sheets in the following line items, as applicable: prepaid expenses and other assets; other assets; accounts payable and accrued expenses; and other liabilities. The carrying values of the derivatives reflect the impact of legally enforceable master netting agreements and cash collateral held or placed with the same counterparties, as applicable. These master netting agreements allow the Company to net settle positive and negative positions (assets and liabilities) arising from different transactions with the same counterparty. The accounting for gains and losses that result from changes in the fair values of derivative instruments depends on whether the derivatives have been designated and qualify as hedging instruments and the type of hedging relationships. Derivatives can be designated as fair value hedges, cash flow hedges or hedges of net investments in foreign operations. The changes in the fair values of derivatives that have been designated and qualify for fair value hedge accounting are recorded in the same line item in our consolidated statements of income as the changes in the fair values of the hedged items attributable to the risk being hedged. The changes in the fair values of derivatives that have been designated and qualify as cash flow hedges or hedges of net investments in foreign operations are recorded in AOCI and are reclassified into the line item in our consolidated statement of income in which the hedged items are recorded in the same period the hedged items affect earnings. Due to the high degree of effectiveness between the hedging instruments and the underlying exposures being hedged, fluctuations in the value of the derivative instruments are generally offset by changes in the fair values or cash flows of the underlying exposures being hedged. The changes in the fair values of derivatives that were not designated and/or did not qualify as hedging instruments are immediately recognized into earnings. For derivatives that will be accounted for as hedging instruments, the Company formally designates and documents, at inception, the financial instrument as a hedge of a specific underlying exposure, the risk management objective and the strategy for undertaking the hedge transaction. In addition, the Company formally assesses, both at the inception and at least quarterly thereafter, whether the financial instruments used in hedging transactions are effective at offsetting changes in either the fair values or cash flows of the related underlying exposures. Any ineffective portion of a financial instrument's change in fair value is immediately recognized into earnings. The Company determines the fair values of its derivatives based on quoted market prices or pricing models using current market rates. Refer to Note 16 . The notional amounts of the derivative financial instruments do not necessarily represent amounts exchanged by the parties and, therefore, are not a direct measure of our exposure to the financial risks described above. The amounts exchanged are calculated by reference to the notional amounts and by other terms of the derivatives, such as interest rates, foreign currency exchange rates, commodity rates or other financial indices. The Company does not view the fair values of its derivatives in isolation but rather in relation to the fair values or cash flows of the underlying hedged transactions or other exposures. Virtually all of our derivatives are straightforward over-the-counter instruments with liquid markets. The following table presents the fair values of the Company's derivative instruments that were designated and qualified as part of a hedging relationship (in millions): Fair Value 1,2 Derivatives Designated as Hedging Instruments Balance Sheet Location 1 December 31, December 31, Assets: Foreign currency contracts Prepaid expenses and other assets $ 572 $ 923 Foreign currency contracts Other assets 246 346 Commodity contracts Prepaid expenses and other assets 1 — Interest rate contracts Prepaid expenses and other assets 20 14 Interest rate contracts Other assets 62 146 Total assets $ 901 $ 1,429 Liabilities: Foreign currency contracts Accounts payable and accrued expenses $ 51 $ 24 Foreign currency contracts Other liabilities 75 249 Commodity contracts Accounts payable and accrued expenses — 1 Interest rate contracts Accounts payable and accrued expenses 53 11 Interest rate contracts Other liabilities 231 35 Total liabilities $ 410 $ 320 1 All of the Company's derivative instruments are carried at fair value in our consolidated balance sheets after considering the impact of legally enforceable master netting agreements and cash collateral held or placed with the same counterparties, as applicable. Current disclosure requirements mandate that derivatives must also be disclosed without reflecting the impact of master netting agreements and cash collateral. Refer to Note 16 for the net presentation of the Company's derivative instruments. 2 Refer to Note 16 for additional information related to the estimated fair value. The following table presents the fair values of the Company's derivative instruments that were not designated as hedging instruments (in millions): Fair Value 1,2 Derivatives Not Designated as Hedging Instruments Balance Sheet Location 1 December 31, December 31, Assets: Foreign currency contracts Prepaid expenses and other assets $ 105 $ 44 Foreign currency contracts Other assets 241 231 Commodity contracts Prepaid expenses and other assets 2 9 Commodity contracts Other assets 1 1 Other derivative instruments Prepaid expenses and other assets 17 14 Other derivative instruments Other assets 3 2 Total assets $ 369 $ 301 Liabilities: Foreign currency contracts Accounts payable and accrued expenses $ 59 $ 33 Foreign currency contracts Other liabilities 9 21 Commodity contracts Accounts payable and accrued expenses 154 156 Commodity contracts Other liabilities 19 17 Interest rate contracts Other liabilities 1 2 Other derivative instruments Accounts payable and accrued expenses 5 11 Other derivative instruments Other liabilities 2 — Total liabilities $ 249 $ 240 1 All of the Company's derivative instruments are carried at fair value in our consolidated balance sheets after considering the impact of legally enforceable master netting agreements and cash collateral held or placed with the same counterparties, as applicable. Current disclosure requirements mandate that derivatives must also be disclosed without reflecting the impact of master netting agreements and cash collateral. Refer to Note 16 for the net presentation of the Company's derivative instruments. 2 Refer to Note 16 for additional information related to the estimated fair value. Credit Risk Associated with Derivatives We have established strict counterparty credit guidelines and enter into transactions only with financial institutions of investment grade or better. We monitor counterparty exposures regularly and review any downgrade in credit rating immediately. If a downgrade in the credit rating of a counterparty were to occur, we have provisions requiring collateral for substantially all of our transactions. To mitigate presettlement risk, minimum credit standards become more stringent as the duration of the derivative financial instrument increases. In addition, the Company's master netting agreements reduce credit risk by permitting the Company to net settle for transactions with the same counterparty. To minimize the concentration of credit risk, we enter into derivative transactions with a portfolio of financial institutions. Based on these factors, we consider the risk of counterparty default to be minimal. Cash Flow Hedging Strategy The Company uses cash flow hedges to minimize the variability in cash flows of assets or liabilities or forecasted transactions caused by fluctuations in foreign currency exchange rates, commodity prices or interest rates. The changes in the fair values of derivatives designated as cash flow hedges are recorded in AOCI and are reclassified into the line item in our consolidated statement of income in which the hedged items are recorded in the same period the hedged items affect earnings. The changes in fair values of hedges that are determined to be ineffective are immediately reclassified from AOCI into earnings. The maximum length of time for which the Company hedges its exposure to the variability in future cash flows is typically three years . The Company maintains a foreign currency cash flow hedging program to reduce the risk that our eventual U.S. dollar net cash inflows from sales outside the United States and U.S. dollar net cash outflows from procurement activities will be adversely affected by changes in foreign currency exchange rates. We enter into forward contracts and purchase foreign currency options (principally euros and Japanese yen) and collars to hedge certain portions of forecasted cash flows denominated in foreign currencies. When the U.S. dollar strengthens against the foreign currencies, the decline in the present value of future foreign currency cash flows is partially offset by gains in the fair value of the derivative instruments. Conversely, when the U.S. dollar weakens, the increase in the present value of future foreign currency cash flows is partially offset by losses in the fair value of the derivative instruments. The total notional values of derivatives that have been designated and qualify for the Company's foreign currency cash flow hedging program were $ 10,383 million and $ 13,224 million as of December 31, 2015 and 2014 , respectively. The Company uses cross-currency swaps to hedge the changes in cash flows of certain of its foreign currency denominated debt due to changes in foreign currency exchange rates. For this hedging program, the Company records the change in carrying value of the foreign currency denominated debt due to changes in exchange rates into earnings each period. The changes in fair value of the cross-currency swap derivatives are recorded in AOCI with an immediate reclassification into earnings for the change in fair value attributable to fluctuations in foreign currency exchange rates. These swaps had a notional amount of $2,590 million as of December 31, 2014 . During the year ended December 31, 2015 , the Company discontinued the cash flow hedge relationships related to these swaps. Upon discontinuance, the Company recognized a loss of $92 million in other comprehensive income, which will be reclassified from AOCI into interest expense over the remaining life of the debt, a weighted-average period of approximately 10 years . The Company did not discontinue any cash flow hedging relationships during the years ended December 31, 2014 and 2013 . During the year ended December 31, 2015 , the Company entered into new cross-currency swaps, which had a notional value of $566 million as of December 31, 2015 . The Company has entered into commodity futures contracts and other derivative instruments on various commodities to mitigate the price risk associated with forecasted purchases of materials used in our manufacturing process. These derivative instruments have been designated and qualify as part of the Company's commodity cash flow hedging program. The objective of this hedging program is to reduce the variability of cash flows associated with future purchases of certain commodities. The total notional values of derivatives that have been designated and qualify for this program were $ 8 million and $ 9 million as of December 31, 2015 and 2014 , respectively. Our Company monitors our mix of short-term debt and long-term debt regularly. From time to time, we manage our risk to interest rate fluctuations through the use of derivative financial instruments. The Company has entered into interest rate swap agreements and has designated these instruments as part of the Company's interest rate cash flow hedging program. The objective of this hedging program is to mitigate the risk of adverse changes in benchmark interest rates on the Company's future interest payments. The total notional values of these interest rate swap agreements that were designated and qualified for the Company's interest rate cash flow hedging program were $ 3,328 million and $ 4,328 million as of December 31, 2015 and 2014 , respectively. The following table presents the pretax impact that changes in the fair values of derivatives designated as cash flow hedges had on AOCI and earnings during the years ended December 31, 2015 , 2014 and 2013 (in millions): Gain (Loss) Recognized in Other Comprehensive Income ("OCI") Location of Gain (Loss) Recognized in Income 1 Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) 2015 Foreign currency contracts $ 949 Net operating revenues $ 618 $ 12 Foreign currency contracts 60 Cost of goods sold 62 — 2 Foreign currency contracts 18 Interest expense (9 ) — Foreign currency contracts (38 ) Other income (loss) — net (40 ) — Interest rate contracts (153 ) Interest expense (3 ) 1 Commodity contracts (1 ) Cost of goods sold (3 ) — Total $ 835 $ 625 $ 13 2014 Foreign currency contracts $ 973 Net operating revenues $ 121 $ — 2 Foreign currency contracts 50 Cost of goods sold 34 — 2 Foreign currency contracts (218 ) Other income (loss) — net (108 ) — Interest rate contracts (180 ) Interest expense — — Commodity contracts — Cost of goods sold 3 — Total $ 625 $ 50 $ — 2013 Foreign currency contracts $ 218 Net operating revenues $ 149 $ 1 Foreign currency contracts 52 Cost of goods sold 32 — 2 Interest rate contracts 169 Interest expense (12 ) (3 ) Commodity contracts 2 Cost of goods sold (2 ) — Total $ 441 $ 167 $ (2 ) 1 The Company records gains and losses reclassified from AOCI into income for the effective portion and ineffective portion, if any, to the same line items in our consolidated statements of income. 2 Includes a de minimis amount of ineffectiveness in the hedging relationship. As of December 31, 2015 , the Company estimates that it will reclassify into earnings during the next 12 months gains of $ 697 million from the pretax amount recorded in AOCI as the anticipated cash flows occur. Fair Value Hedging Strategy The Company uses interest rate swap agreements designated as fair value hedges to minimize exposure to changes in the fair value of fixed-rate debt that results from fluctuations in benchmark interest rates. The Company also uses cross-currency interest rate swaps to hedge the changes in the fair value of foreign currency denominated debt relating to changes in foreign currency exchange rates and benchmark interest rates. The changes in fair values of derivatives designated as fair value hedges and the offsetting changes in fair values of the hedged items are recognized in earnings. The ineffective portions of these hedges are immediately recognized into earnings. As of December 31, 2015 , such adjustments had cumulatively decreased the carrying value of our long-term debt by $ 86 million . When a derivative is no longer designated as a fair value hedge for any reason, including termination and maturity, the remaining unamortized difference between the carrying value of the hedged item at that time and the face value of the hedged item is amortized to earnings over the remaining life of the hedged item, or immediately if the hedged item has matured. The total notional values of derivatives that related to our fair value hedges of this type were $ 7,963 million and $ 6,600 million as of December 31, 2015 and 2014 , respectively. The Company also uses fair value hedges to minimize exposure to changes in the fair value of certain available-for-sale securities from fluctuations in foreign currency exchange rates. The changes in fair values of derivatives designated as fair value hedges and the offsetting changes in fair values of the hedged items due to changes in foreign currency exchange rates are recognized in earnings. As a result, any difference is reflected in earnings as ineffectiveness. The total notional values of derivatives that related to our fair value hedges of this type were $ 2,159 million and $ 1,358 million as of December 31, 2015 and 2014 , respectively. The following table summarizes the pretax impact that changes in the fair values of derivatives designated as fair value hedges had on earnings during the years ended December 31, 2015 , 2014 and 2013 (in millions): Hedging Instruments and Hedged Items Location of Gain (Loss) Recognized in Income Gain (Loss) Recognized in Income 1 2015 Interest rate contracts Interest expense $ (172 ) Fixed-rate debt Interest expense 169 Net impact to interest expense $ (3 ) Foreign currency contracts Other income (loss) — net $ 110 Available-for-sale securities Other income (loss) — net (131 ) Net impact to other income (loss) — net $ (21 ) Net impact of fair value hedging instruments $ (24 ) 2014 Interest rate contracts Interest expense $ 18 Fixed-rate debt Interest expense 11 Net impact to interest expense $ 29 Foreign currency contracts Other income (loss) — net $ 132 Available-for-sale securities Other income (loss) — net (165 ) Net impact to other income (loss) — net $ (33 ) Net impact of fair value hedging instruments $ (4 ) 2013 Interest rate contracts Interest expense $ (193 ) Fixed-rate debt Interest expense 240 Net impact to interest expense $ 47 Foreign currency contracts Other income (loss) — net $ 24 Available-for-sale securities Other income (loss) — net (48 ) Net impact to other income (loss) — net $ (24 ) Net impact of fair value hedging instruments $ 23 1 The net impacts represent the ineffective portions of the hedge relationships and the amounts excluded from the assessment of hedge effectiveness. Hedges of Net Investments in Foreign Operations Strategy The Company uses forward contracts and non-derivative financial instruments to protect the value of our investments in a number of foreign subsidiaries. During the year ended December 31, 2015 , the Company designated a portion of its euro-denominated debt as a hedge of a net investment in our European operations. The change in the carrying value of the designated portion of the euro-denominated debt due to changes in foreign currency exchange rates is recorded in net foreign currency translation adjustment, a component of AOCI. For derivative instruments that are designated and qualify as hedges of net investments in foreign operations, the changes in fair values of the derivative instruments are recognized in net foreign currency translation adjustment, to offset the changes in the values of the net investments being hedged. Any ineffective portions of net investment hedges are reclassified from AOCI into earnings during the period of change. The following table summarizes the notional values and pretax impact of changes in the fair values of instruments designated as net investment hedges (in millions): Notional Amount Gain (Loss) Recognized in OCI as of December 31, Year Ended December 31, 2015 2014 2015 2014 2013 Foreign currency contracts $ 1,347 $ 2,047 $ 661 $ 80 $ 61 Foreign currency denominated debt 10,912 — (24 ) — — Total $ 12,259 $ 2,047 $ 637 $ 80 $ 61 The Company did not reclassify any deferred gains or losses related to net investment hedges from AOCI to earnings during the years ended December 31, 2015 , 2014 and 2013 . In addition, the Company did not have any ineffectiveness related to net investment hedges during the years ended December 31, 2015 , 2014 and 2013 . The cash inflows and outflows associated with the Company's derivative contracts designated as net investment hedges are classified in the line item other investing activities in our consolidated statements of cash flows. Economic (Non-Designated) Hedging Strategy In addition to derivative instruments that are designated and qualify for hedge accounting, the Company also uses certain derivatives as economic hedges of foreign currency, interest rate and commodity exposure. Although these derivatives were not designated and/or did not qualify for hedge accounting, they are effective economic hedges. The changes in fair value of economic hedges are immediately recognized into earnings. The Company uses foreign currency economic hedges to offset the earnings impact that fluctuations in foreign currency exchange rates have on certain monetary assets and liabilities denominated in nonfunctional currencies. The changes in fair value of economic hedges used to offset those monetary assets and liabilities are immediately recognized into earnings in the line item other income (loss) — net in our consolidated statements of income. In addition, we use foreign currency economic hedges to minimize the variability in cash flows associated with fluctuations in foreign currency exchange rates. The changes in fair values of economic hedges used to offset the variability in U.S. dollar net cash flows are recognized into earnings in the line items net operating revenues or cost of goods sold in our consolidated statements of income, as applicable. The total notional values of derivatives related to our foreign currency economic hedges were $ 3,605 million and $ 4,334 million as of December 31, 2015 and 2014 , respectively. The Company also uses certain derivatives as economic hedges to mitigate the price risk associated with the purchase of materials used in the manufacturing process and for vehicle fuel. The changes in fair values of these economic hedges are immediately recognized into earnings in the line items net operating revenues, cost of goods sold, and selling, general and administrative expenses in our consolidated statements of income, as applicable. The total notional values of derivatives related to our economic hedges of this type were $ 893 million and $ 816 million as of December 31, 2015 and 2014 , respectively. The following table presents the pretax impact that changes in the fair values of derivatives not designated as hedging instruments had on earnings during the years ended December 31, 2015 , 2014 and 2013 (in millions): Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income Year Ended December 31, 2015 2014 2013 Foreign currency contracts Net operating revenues $ 41 $ (6 ) $ 5 Foreign currency contracts Other income (loss) — net (92 ) (85 ) 162 Foreign currency contracts Cost of goods sold 3 — 2 Commodity contracts Net operating revenues (16 ) (48 ) 5 Commodity contracts Cost of goods sold (209 ) (8 ) (122 ) Commodity contracts Selling, general and administrative expenses (25 ) (79 ) 7 Interest rate contracts Interest expense — — (3 ) Other derivative instruments Selling, general and administrative expenses 1 24 55 Other derivative instruments Other income (loss) — net (37 ) 39 — Total $ (334 ) $ (163 ) $ 111

EQUITY METHOD INVESTMENTS

EQUITY METHOD INVESTMENTS	12 Months Ended
	Dec. 31, 2015
EQUITY METHOD INVESTMENTS [Abstract]
EQUITY METHOD INVESTMENTS	EQUITY METHOD INVESTMENTS Our consolidated net income includes our Company's proportionate share of the net income or loss of our equity method investees. When we record our proportionate share of net income, it increases equity income (loss) — net in our consolidated statements of income and our carrying value in that investment. Conversely, when we record our proportionate share of a net loss, it decreases equity income (loss) — net in our consolidated statements of income and our carrying value in that investment. The Company's proportionate share of the net income or loss of our equity method investees includes significant operating and nonoperating items recorded by our equity method investees. These items can have a significant impact on the amount of equity income (loss) — net in our consolidated statements of income and our carrying value in those investments. Refer to Note 17 for additional information related to significant operating and nonoperating items recorded by our equity method investees. The carrying values of our equity method investments are also impacted by our proportionate share of items impacting the equity investee's AOCI. We eliminate from our financial results all significant intercompany transactions, including the intercompany portion of transactions with equity method investees. The Company's equity method investments include our ownership interests in Coca-Cola FEMSA, Coca-Cola Hellenic, Coca-Cola Amatil Limited and Monster. As of December 31, 2015 , we owned approximately 28 percent , 24 percent , 29 percent and 17 percent , respectively, of these companies' outstanding shares. As of December 31, 2015 , our investment in our equity method investees in the aggregate exceeded our proportionate share of the net assets of these equity method investees by $ 4,306 million . This difference is not amortized. A summary of financial information for our equity method investees in the aggregate is as follows (in millions): Year Ended December 31, 1 2015 2014 2013 Net operating revenues $ 47,498 $ 52,627 $ 53,038 Cost of goods sold 28,749 31,810 32,377 Gross profit $ 18,749 $ 20,817 $ 20,661 Operating income $ 4,483 $ 4,489 $ 4,380 Consolidated net income $ 2,299 $ 2,440 $ 2,364 Less: Net income attributable to noncontrolling interests 65 74 62 Net income attributable to common shareowners $ 2,234 $ 2,366 $ 2,302 Equity income (loss) — net $ 489 $ 769 $ 602 1 The financial information represents the results of the equity method investees during the Company's period of ownership. December 31, 2015 2014 Current assets $ 17,524 $ 16,184 Noncurrent assets 36,498 40,080 Total assets $ 54,022 $ 56,264 Current liabilities $ 11,820 $ 12,477 Noncurrent liabilities 14,467 16,657 Total liabilities $ 26,287 $ 29,134 Equity attributable to shareowners of investees $ 26,854 $ 26,363 Equity attributable to noncontrolling interests 881 767 Total equity $ 27,735 $ 27,130 Company equity investment $ 12,318 $ 9,947 Net sales to equity method investees, the majority of which are located outside the United States, were $ 8,984 million , $ 10,063 million and $ 9,178 million in 2015 , 2014 and 2013 , respectively. Total payments, primarily marketing, made to equity method investees were $ 1,380 million , $ 1,605 million and $ 1,807 million in 2015 , 2014 and 2013 , respectively. In addition, purchases of beverage products from equity method investees were $ 1,131 million , $ 381 million and $ 415 million in 2015 , 2014 and 2013 , respectively. The increase in purchases of beverage products in 2015 is primarily due to purchases from Monster. Refer to Note 2 for additional information. If valued at the December 31, 2015 quoted closing prices of shares actively traded on stock markets, the value of our equity method investments in publicly traded bottlers would have exceeded our carrying value by $ 7,225 million . Net Receivables and Dividends from Equity Method Investees Total net receivables due from equity method investees were $ 1,399 million and $ 1,448 million as of December 31, 2015 and 2014 , respectively. The total amount of dividends received from equity method investees was $ 367 million , $ 398 million and $ 401 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. The amount of consolidated reinvested earnings that represents undistributed earnings of investments accounted for under the equity method as of December 31, 2015 was $3,389 million .

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2015
Property Plant and Equipament [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT The following table summarizes our property, plant and equipment (in millions): December 31, 2015 2014 Land $ 717 $ 972 Buildings and improvements 4,914 5,541 Machinery, equipment and vehicle fleet 16,723 18,745 $ 22,354 $ 25,258 Less accumulated depreciation 9,783 10,625 Property, plant and equipment — net $ 12,571 $ 14,633

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2015
INTANGIBLE ASSETS [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS Indefinite-Lived Intangible Assets The following table summarizes information related to indefinite-lived intangible assets (in millions): December 31, 2015 2014 Trademarks 1 $ 5,989 $ 6,533 Bottlers' franchise rights 2,3 6,000 6,689 Goodwill 11,289 12,100 Other 164 170 Indefinite-lived intangible assets $ 23,442 $ 25,492 1 The decrease in 2015 was primarily due to the sale of our energy brands to Monster, an impairment charge recorded related to the discontinuation of the energy products in the glacéau portfolio as a result of the Monster Transaction and the impairment of a Venezuelan trademark primarily due to changes in exchange rates as a result of the establishment of the new open market exchange system. Refer to Note 2 for additional information on the Monster Transaction and Note 1 for additional information on the Venezuela currency change. 2 The decrease in 2015 was primarily related to North America refranchising and the transfer of intangible assets to assets held for sale as a result of our entering into an agreement to merge our German bottling operations to form CCEP. These decreases were partially offset by the acquisition of the Company's rights to distribute Monster products in expanded territories as a result of the Monster Transaction. The carrying value of these rights as of December 31, 2015 was $640 million . These distribution rights are governed by an agreement with an initial term of 20 years , after which it will continue to remain in effect unless otherwise terminated by either party and there are no future costs of renewal. The Company anticipates that these assets will be used indefinitely. Refer to Note 2 for additional information. 3 The Company has agreements with Dr Pepper Snapple Group, Inc. ("DPSG") to distribute Dr Pepper trademark brands in the United States, Canada Dry in the Northeastern United States, and Canada Dry and C' Plus in Canada. As of December 31, 2015 , the agreements have remaining terms of 15 years, with automatic 20 -year renewal periods unless otherwise terminated under the terms of the agreements and there are no significant costs to renew the agreements. The Company anticipates that these assets will be used indefinitely. The carrying values of these rights as of December 31, 2015 and 2014, were $652 million and $784 million , respectively. The decrease is related to North America refranchising. Refer to Note 2 for additional information. The following table provides information related to the carrying value of our goodwill by operating segment (in millions): Eurasia & Africa Europe Latin America North America Asia Pacific Bottling Investments Total 2014 Balance as of January 1 $ 36 $ 822 $ 156 $ 10,572 $ 117 $ 609 $ 12,312 Effect of foreign currency translation (2 ) (60 ) (9 ) — (2 ) (26 ) (99 ) Acquisitions 1 — — — 11 16 3 30 Adjustments related to the finalization of purchase accounting 1 (4 ) (43 ) — — — (14 ) (61 ) Divestitures, deconsolidations and other 1 (3 ) — — (79 ) — — (82 ) Balance as of December 31 $ 27 $ 719 $ 147 $ 10,504 $ 131 $ 572 $ 12,100 2015 Balance as of January 1 $ 27 $ 719 $ 147 $ 10,504 $ 131 $ 572 $ 12,100 Effect of foreign currency translation (7 ) (98 ) (24 ) — 2 (37 ) (164 ) Acquisitions 1 — — — 27 — — 27 Adjustments related to the finalization of purchase accounting 1 — — — — — 4 4 Impairment — — — — — (4 ) (4 ) Divestitures, deconsolidations and other 1,2 — (3 ) — (390 ) — (281 ) (674 ) Balance as of December 31 $ 20 $ 618 $ 123 $ 10,141 $ 133 $ 254 $ 11,289 1 Refer to Note 2 for information related to the Company's acquisitions and divestitures. 2 The decrease in 2015 for the North America operating segment was primarily due to the derecognition of goodwill as a result of the sale of our energy business to Monster and North America refranchising. The 2015 decrease in the Bottling Investments segment was primarily due to the transfer of our German bottling operations to assets held for sale as a result of the Company entering into an agreement to merge the operations to form CCEP. Refer to Note 2 for additional information on these transactions. Definite-Lived Intangible Assets The following table summarizes information related to definite-lived intangible assets (in millions): December 31, 2015 December 31, 2014 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Customer relationships 1 $ 493 $ (199 ) $ 294 $ 597 $ (229 ) $ 368 Bottlers' franchise rights 1 604 (412 ) 192 664 (375 ) 289 Trademarks 211 (44 ) 167 222 (39 ) 183 Other 97 (60 ) 37 96 (56 ) 40 Total $ 1,405 $ (715 ) $ 690 $ 1,579 $ (699 ) $ 880 1 The decrease in 2015 was primarily due to the derecognition of intangible assets as a result of the North America refranchising and the transfer of our German bottling operations to assets held for sale as a result of the Company entering into an agreement to merge the operations to form CCEP. Refer to Note 2 for additional information. Total amortization expense for intangible assets subject to amortization was $ 156 million , $ 168 million and $ 165 million in 2015 , 2014 and 2013 , respectively. Based on the carrying value of definite-lived intangible assets as of December 31, 2015 , we estimate our amortization expense for the next five years will be as follows (in millions): Amortization Expense 2016 $ 149 2017 113 2018 60 2019 57 2020 52

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2015
ACCOUNTS PAYABLE AND ACCRUED EXPENSES Disclosure [Abstract]
ACCOUNTS PAYABLES AND ACCRUED EXPENSES	ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consisted of the following (in millions): December 31, 2015 2014 Accrued marketing $ 2,186 $ 2,103 Other accrued expenses 3,173 3,182 Trade accounts payable 2,795 2,089 Accrued compensation 936 997 Sales, payroll and other taxes 444 511 Container deposits 126 352 Accounts payable and accrued expenses $ 9,660 $ 9,234

DEBT AND BORROWING ARRANGEMENTS

DEBT AND BORROWING ARRANGEMENTS	12 Months Ended
	Dec. 31, 2015
Debt and Borrowing Arrangements Disclosure [Abstract]
DEBT AND BORROWING ARRANGEMENTS	DEBT AND BORROWING ARRANGEMENTS Short-Term Borrowings Loans and notes payable consist primarily of commercial paper issued in the United States. As of December 31, 2015 and 2014 , we had $ 13,035 million and $ 19,010 million , respectively, in outstanding commercial paper borrowings. Our weighted-average interest rates for commercial paper outstanding were approximately 0.5 percent and 0.2 percent per year as of December 31, 2015 and 2014 , respectively. In addition, we had $ 9,771 million in lines of credit and other short-term credit facilities as of December 31, 2015 . The Company's total lines of credit included $ 95 million that was outstanding and primarily related to our international operations. Included in the credit facilities discussed above, the Company had $ 8,340 million in lines of credit for general corporate purposes. These backup lines of credit expire at various times from 2016 through 2019 . There were no borrowings under these backup lines of credit during 2015. These credit facilities are subject to normal banking terms and conditions. Some of the financial arrangements require compensating balances, none of which is presently significant to our Company. Long-Term Debt During 2015 , the Company issued SFr 1,325 million , € 8,500 million and $4,000 million of long-term debt. The general terms of the notes issued are as follows: • SFr 200 million total principal amount of notes due October 2, 2017, at a fixed interest rate of 0.00 percent ; • SFr 550 million total principal amount of notes due December 22, 2022, at a fixed interest rate of 0.25 percent ; • SFr 575 million total principal amount of notes due October 2, 2028, at a fixed interest rate of 1.00 percent ; • € 2,000 million total principal amount of notes due March 9, 2017, at a variable interest rate equal to the three -month Euro Interbank Offered Rate ("EURIBOR") plus 0.15 percent ; • € 2,000 million total principal amount of notes due September 9, 2019, at a variable interest rate equal to the three -month EURIBOR plus 0.23 percent ; • € 1,500 million total principal amount of notes due March 9, 2023, at a fixed interest rate of 0.75 percent ; • € 1,500 million total principal amount of notes due March 9, 2027, at a fixed interest rate of 1.125 percent ; • € 1,500 million total principal amount of notes due March 9, 2035, at a fixed interest rate of 1.625 percent ; • $750 million total principal amount of notes due October 27, 2017, at a fixed interest rate of 0.875 percent ; • $1,500 million total principal amount of notes due October 27, 2020, at a fixed interest rate of 1.875 percent ; and • $1,750 million total principal amount of notes due October 27, 2025, at a fixed interest rate of 2.875 percent . During 2015 , the Company retired $3,500 million of long-term debt upon maturity. The Company also extinguished $2,039 million of long-term debt prior to maturity, incurring associated charges of $320 million recorded in the line item interest expense in our consolidated statement of income. These charges included the difference between the reacquisition price and the net carrying amount of the debt extinguished, including the impact of the related fair value hedging relationship. The general terms of the notes that were extinguished were as follows: • $1,148 million total principal amount of notes due November 15, 2017, at a fixed interest rate of 5.35 percent ; and • $891 million total principal amount of notes due March 15, 2019, at a fixed interest rate of 4.875 percent . During 2014 , the Company issued $3,537 million of long-term debt. The general terms of the notes issued are as follows: • $1,000 million total principal amount of notes due September 1, 2015, at a variable interest rate equal to the three -month London Interbank Offered Rate ("LIBOR") plus 0.01 percent ; • $1,015 million total principal amount of euro notes due September 22, 2022, at a fixed interest rate of 1.125 percent ; and • $1,522 million total principal amount of euro notes due September 22, 2026, at a fixed interest rate of 1.875 percent . During 2014 , the Company retired $1,000 million of long-term debt upon maturity. During 2013 , the Company issued $ 7,500 million of long-term debt. The general terms of the notes issued are as follows: • $500 million total principal amount of notes due March 5, 2015, at a variable interest rate equal to the three -month LIBOR minus 0.02 percent ; • $500 million total principal amount of notes due November 1, 2016, at a variable interest rate equal to the three -month LIBOR plus 0.10 percent ; • $500 million total principal amount of notes due November 1, 2016, at a fixed interest rate of 0.75 percent ; • $1,250 million total principal amount of notes due April 1, 2018, at a fixed interest rate of 1.15 percent ; • $1,250 million total principal amount of notes due November 1, 2018, at a fixed interest rate of 1.65 percent ; • $1,250 million total principal amount of notes due November 1, 2020, at a fixed interest rate of 2.45 percent ; • $750 million total principal amount of notes due April 1, 2023, at a fixed interest rate of 2.50 percent ; and • $1,500 million total principal amount of notes due November 1, 2023, at a fixed interest rate of 3.20 percent . During 2013 , the Company retired $1,250 million of debt upon maturity. The Company also extinguished $2,154 million of long-term debt prior to maturity, incurring associated extinguishment charges of $50 million . The general terms of the notes that were extinguished were: • $225 million total principal amount of notes due August 15, 2013, at a fixed interest rate of 5.0 percent ; • $675 million total principal amount of notes due March 3, 2014, at a fixed interest rate of 7.375 percent ; • $900 million total principal amount of notes due March 15, 2014, at a fixed interest rate of 3.625 percent ; and • $354 million total principal amount of notes due March 1, 2015, at a fixed interest rate of 4.25 percent . The Company's long-term debt consisted of the following (in millions, except average rate data): December 31, 2015 December 31, 2014 Amount Average Rate 1 Amount Average Rate 1 U.S. dollar notes due 2016–2093 $ 15,899 2.1 % $ 17,433 1.8 % U.S. dollar debentures due 2017–2098 2,122 3.9 2,157 3.9 U.S. dollar zero coupon notes due 2020 2 148 8.4 143 8.4 Euro notes due 2017–2027 3 11,364 0.6 2,468 3.7 Swiss franc notes due 2017–2028 3 1,291 0.9 — — Other, due through 2098 4 307 4.2 380 4.0 Fair value adjustment 5 (47 ) N/A 34 N/A Total 6,7 $ 31,084 1.7 % $ 22,615 2.2 % Less current portion 2,677 3,552 Long-term debt $ 28,407 $ 19,063 1 These rates represent the weighted-average effective interest rate on the balances outstanding as of year end, as adjusted for the effects of interest rate swap agreements, cross currency swap agreements and fair value adjustments, if applicable. Refer to Note 5 for a more detailed discussion on interest rate management. 2 This amount is shown net of unamortized discounts of $ 23 million and $ 28 million as of December 31, 2015 and 2014 , respectively. 3 This amount includes adjustments recorded due to changes in foreign currency exchange rates. 4 As of December 31, 2015 , the amount shown includes $ 156 million of debt instruments that are due through 2031 . 5 Amount represents changes in fair value due to changes in benchmark interest rates. Refer to Note 5 for additional information about our fair value hedging strategy. 6 As of December 31, 2015 and 2014 , the fair value of our long-term debt, including the current portion, was $ 31,308 million and $ 23,411 million , respectively. The fair value of our long-term debt is estimated based on quoted prices for those or similar instruments. 7 The above notes and debentures include various restrictions, none of which is presently significant to our Company. The carrying value of the Company's long-term debt included fair value adjustments related to the debt assumed from Coca-Cola Enterprises Inc.'s ("Old CCE") former North America business in 2010 of $ 411 million and $ 464 million as of December 31, 2015 and 2014 , respectively. These fair value adjustments are being amortized over the number of years remaining until the underlying debt matures. As of December 31, 2015 , the weighted-average maturity of the assumed debt to which these fair value adjustments relate was approximately 20 years. The amortization of these fair value adjustments will be a reduction of interest expense in future periods, which will typically result in our interest expense being less than the actual interest paid to service the debt. Total interest paid was $ 515 million , $ 498 million and $ 498 million in 2015 , 2014 and 2013 , respectively. Maturities of long-term debt for the five years succeeding December 31, 2015 , are as follows (in millions): Maturities of Long-Term Debt 2016 $ 2,677 2017 3,368 2018 3,302 2019 2,294 2020 3,927

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Guarantees As of December 31, 2015 , we were contingently liable for guarantees of indebtedness owed by third parties of $ 572 million , of which $ 263 million was related to VIEs. Refer to Note 1 for additional information related to the Company's maximum exposure to loss due to our involvement with VIEs. Our guarantees are primarily related to third-party customers, bottlers, vendors and container manufacturing operations and have arisen through the normal course of business. These guarantees have various terms, and none of these guarantees was individually significant. The amount represents the maximum potential future payments that we could be required to make under the guarantees; however, we do not consider it probable that we will be required to satisfy these guarantees. We believe our exposure to concentrations of credit risk is limited due to the diverse geographic areas covered by our operations. Legal Contingencies The Company is involved in various legal proceedings. We establish reserves for specific legal proceedings when we determine that the likelihood of an unfavorable outcome is probable and the amount of loss can be reasonably estimated. Management has also identified certain other legal matters where we believe an unfavorable outcome is reasonably possible and/or for which no estimate of possible losses can be made. Management believes that the total liabilities to the Company that may arise as a result of currently pending legal proceedings will not have a material adverse effect on the Company taken as a whole. Indemnifications At the time we acquire or divest our interest in an entity, we sometimes agree to indemnify the seller or buyer for specific contingent liabilities. Management believes that any liability to the Company that may arise as a result of any such indemnification agreements will not have a material adverse effect on the Company taken as a whole. Tax Audits The Company is involved in various tax matters, with respect to some of which the outcome is uncertain. These audits may result in the assessment of additional taxes that are subsequently resolved with authorities or potentially through the courts. Refer to Note 14 . On September 17, 2015, the Company received a Statutory Notice of Deficiency ("Notice") from the Internal Revenue Service ("IRS") for the tax years 2007 through 2009, after a five-year audit. In the Notice, the IRS claims that the Company's United States taxable income should be increased by an amount that creates a potential additional federal income tax liability of approximately $3.3 billion for the period, plus interest. No penalties were asserted in the Notice; however, the IRS has since taken the position that it is not precluded from asserting penalties and notified the Company that it may do so. The disputed amounts largely relate to a transfer pricing matter involving the appropriate amount of taxable income the Company should report in the United States in connection with its licensing of intangible property to certain related foreign licensees regarding the manufacturing, distribution, sale, marketing and promotion of products in overseas markets. The Company has followed the same transfer pricing methodology for these licenses since the methodology was agreed with the IRS in a 1996 closing agreement that applied back to 1987. The closing agreement provides prospective penalty protection as long as the Company follows the prescribed methodology and material facts and circumstances and relevant Federal tax law have not changed. On February 11, 2016, the IRS notified the Company, without further explanation, that the IRS has determined that material facts and circumstances and relevant Federal tax law have changed and that it may assert penalties. The Company does not agree with this determination. The Company's compliance with the closing agreement was audited and confirmed by the IRS in five successive audit cycles covering the subsequent 11 years through 2006, with the last audit concluding as recently as 2009. The Notice represents a repudiation of the methodology previously adopted in the 1996 closing agreement. The IRS designated the matter for litigation on October 15, 2015. Therefore, the Company will be prevented from pursuing any administrative settlement at IRS Appeals or under the IRS Advance Pricing and Mutual Agreement Program. The Company firmly believes that the IRS' claims are without merit and plans to pursue all available administrative and judicial remedies necessary to resolve this matter. To that end, the Company filed a petition in the U.S. Tax Court on December 14, 2015. The Company intends to vigorously defend its position and is confident in its ability to prevail on the merits. The Company regularly assesses the likelihood of adverse outcomes resulting from examinations such as this to determine the adequacy of its tax reserves. The Company believes that the final adjudication of this matter will not have a material impact on its consolidated financial position, results of operations or cash flows and that it has adequate tax reserves for all tax matters. However, the ultimate outcome of disputes of this nature is uncertain, and if the IRS were to prevail on its assertions, the additional tax, interest, and any potential penalties could have a material adverse impact on the Company's financial position, results of operations or cash flows. Risk Management Programs The Company has numerous global insurance programs in place to help protect the Company from the risk of loss. In general, we are self-insured for large portions of many different types of claims; however, we do use commercial insurance above our self-insured retentions to reduce the Company's risk of catastrophic loss. Our reserves for the Company's self-insured losses are estimated through actuarial procedures of the insurance industry and by using industry assumptions, adjusted for our specific expectations based on our claim history. The Company's self-insurance reserves totaled $ 560 million and $ 530 million as of December 31, 2015 and 2014 , respectively. Workforce (Unaudited) We refer to our employees as "associates." As of December 31, 2015 , our Company had approximately 123,200 associates, of which approximately 60,900 associates were located in the United States. Our Company, through its divisions and subsidiaries, is a party to numerous collective bargaining agreements. As of December 31, 2015 , approximately 17,500 associates, excluding seasonal hires, in North America were covered by collective bargaining agreements. These agreements typically have terms of three years to five years . We currently expect that we will be able to renegotiate such agreements on satisfactory terms when they expire. The Company believes that its relations with its associates are generally satisfactory. Operating Leases The following table summarizes our minimum lease payments under noncancelable operating leases with initial or remaining lease terms in excess of one year as of December 31, 2015 (in millions): Year Ended December 31, Operating Lease Payments 2016 $ 171 2017 109 2018 89 2019 68 2020 59 Thereafter 220 Total minimum operating lease payments 1 $ 716 1 Income associated with sublease arrangements is not significant.

STOCK COMPENSATION PLANS

STOCK COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2015
STOCK COMPENSATION PLANS [Abstract]
STOCK COMPENSATION PLANS	STOCK-BASED COMPENSATION PLANS Our Company grants awards under its stock-based compensation plans to certain employees of the Company. Total stock-based compensation expense was $ 236 million , $ 209 million and $ 227 million in 2015 , 2014 and 2013 , respectively, and was included as a component of selling, general and administrative expenses in our consolidated statements of income. The total income tax benefit recognized in our consolidated statements of income related to awards under these plans was $ 65 million , $ 57 million and $ 62 million in 2015 , 2014 and 2013 , respectively. Beginning in 2015 , certain employees who had previously been eligible for long-term equity awards received long-term performance cash awards. Employees who receive these performance cash awards do not receive equity awards as part of the long-term incentive program. As of December 31, 2015 , we had $ 319 million of total unrecognized compensation cost related to nonvested stock-based compensation awards granted under our plans. This cost is expected to be recognized over a weighted-average period of 1.8 years as stock-based compensation expense. This expected cost does not include the impact of any future stock-based compensation awards. The Coca-Cola Company 2014 Equity Plan ("2014 Equity Plan") was approved by shareowners in April 2014. Under the 2014 Equity Plan, a maximum of 500 million shares of our common stock was approved to be issued, through the grant of equity awards, to certain employees. The 2014 Equity Plan allows for grants of stock options, performance share units, restricted stock units, restricted stock and other specified award types including cash awards with performance-based vesting criteria. Beginning in 2015, the 2014 Equity Plan was the primary plan in use for equity awards and performance cash awards. There were no grants made from the 2014 Equity Plan prior to 2015. As of December 31, 2015, there were 471.6 million shares available to be granted under the 2014 Equity Plan. In addition to the 2014 Equity Plan, there were 2.7 million shares available to be granted under stock option plans approved by shareowners in 1999 and 2008 and 0.2 million shares available to be granted under a restricted stock award plan approved by shareowners in 1989. Stock Option Awards Stock options have generally been granted with an exercise price equal to the Company's stock price on the date of grant. The fair value of each option award is estimated using a Black-Scholes-Merton option-pricing model and is amortized over the vesting period, generally four years . The weighted-average fair value of options granted during the past three years and the weighted-average assumptions used in the Black-Scholes-Merton option-pricing model for such grants were as follows: 2015 2014 2013 Fair value of options at grant date $ 4.38 $ 3.91 $ 3.73 Dividend yield 1 3.1 % 2.7 % 2.8 % Expected volatility 2 16.0 % 16.0 % 17.0 % Risk-free interest rate 3 1.8 % 1.6 % 0.9 % Expected term of the option 4 6 years 5 years 5 years 1 The dividend yield is the calculated yield on the Company's stock at the time of the grant. 2 Expected volatility is based on implied volatilities from traded options on the Company's stock, historical volatility of the Company's stock and other factors. 3 The risk-free interest rate for the period matching the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. 4 The expected term of the option represents the period of time that options granted are expected to be outstanding and is derived by analyzing historical exercise behavior. Generally, stock options granted from 1999 through July 2003 expire 15 years from the date of grant and stock options granted in December 2003 and thereafter expire 10 years from the date of grant. The shares of common stock to be issued and/or sold upon exercise of stock options are made available from either authorized and unissued Company common stock or from the Company's treasury shares. In 2007, the Company began issuing common stock under these plans from the Company's treasury shares. Stock option activity for all plans for the year ended December 31, 2015 , was as follows: Shares (In millions) Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life Aggregate Intrinsic Value (In millions) Outstanding on January 1, 2015 305 $ 31.60 Granted 13 41.89 Exercised (44 ) 28.31 Forfeited/expired (8 ) 36.53 Outstanding on December 31, 2015 1 266 $ 32.51 5.55 years $ 2,786 Expected to vest 264 $ 32.45 5.53 years $ 2,775 Exercisable on December 31, 2015 178 $ 29.92 4.43 years $ 2,317 1 Includes 1.0 million stock option replacement awards in connection with our acquisition of Old CCE's North America business in 2010. These options had a weighted-average exercise price of $ 16.26 and generally vest over 3 years and expire 10 years from the original date of grant. The total intrinsic value of the options exercised was $ 594 million , $ 894 million and $ 815 million in 2015 , 2014 and 2013 , respectively. The total shares exercised were 44 million , 58 million and 53 million in 2015 , 2014 and 2013 , respectively. Performance Share Unit Awards Performance share units require achievement of certain performance criteria, which are predefined by the Compensation Committee of the Board of Directors at the time of grant. The primary performance criterion used is compound annual growth in economic profit over a predefined performance period, which is generally three years . Economic profit is our net operating profit after tax less the cost of the capital used in our business. Beginning in 2015, the Company added net operating revenues as an additional performance criterion. Economic profit and net operating revenues are adjusted for certain items, which are approved and certified by the Audit Committee of the Board of Directors. The purpose of these adjustments is to ensure a consistent year-to-year comparison of the specific performance criteria. In the event the certified results equal the predefined performance criteria, the Company will grant the number of shares equal to the target award. In the event the certified results exceed the predefined performance criteria, additional shares up to the maximum award will be granted. In the event the certified results fall below the predefined performance criteria, a reduced number of shares will be granted. If the certified results fall below the threshold award performance level, no shares will be granted. The performance share units granted under this program are then generally subject to a holding period of one year before the shares are released. Performance share units generally do not pay dividends or allow voting rights. For most performance share units granted beginning in 2014, the Company includes a relative TSR modifier to determine the number of shares earned at the end of the performance period. For these awards, the number of shares earned based on the certified achievement of the predefined performance criteria will be reduced or increased if total shareowner return over the performance period relative to a predefined compensation comparator group of companies falls outside of a defined range. The fair value of performance share units that include the TSR modifier is determined using a Monte Carlo valuation model. For the remaining awards that do not include the TSR modifier, the fair value of the performance share units is the quoted market value of the Company stock on the grant date less the present value of the expected dividends not received during the relevant period. In the period it becomes probable that the minimum performance criteria specified in the plan will be achieved, we recognize expense for the proportionate share of the total fair value of the performance share units related to the vesting period that has already lapsed for the shares expected to vest and be released. The remaining fair value of the shares expected to vest and be released is expensed on a straight-line basis over the balance of the vesting period. In the event the Company determines it is no longer probable that we will achieve the minimum performance criteria specified in the plan, we reverse all of the previously recognized compensation expense in the period such a determination is made. Performance share units are generally settled in stock, except for certain circumstances such as death or disability, in which case former employees or their beneficiaries are provided a cash equivalent payment. As of December 31, 2015, performance share units of 5,115,000 , 5,306,000 and 1,775,000 were outstanding for the 2013–2015, 2014–2016 and 2015–2017 performance periods, respectively, based on the target award amounts in the performance share unit agreements. The following table summarizes information about performance share units based on the target award amounts in the performance share unit agreements: Performance Share Units (In thousands) Weighted-Average Grant Date Fair Value Outstanding on January 1, 2015 17,426 $ 31.59 Granted 1 1,857 37.99 Canceled/forfeited (7,087 ) 30.32 Outstanding on December 31, 2015 2 12,196 $ 33.30 1 Includes 70 percent of the total 2015 award. The remaining 30 percent of the 2015 award contained metrics that cannot be fully defined until 2017; therefore, these awards are not considered granted until all of the metrics are established. 2 The outstanding performance share units as of December 31, 2015 , at the threshold award and maximum award levels were 5.0 million and 20.9 million , respectively. The weighted-average grant date fair value of performance share units granted was $37.99 in 2015 , $32.33 in 2014 and $32.67 in 2013. The Company did not convert any performance share units into cash equivalent payments in 2015. The Company converted performance share units of 5,403 in 2014 and 54,999 in 2013 to cash equivalent payments of $ 0.2 million and $ 1.8 million , respectively, to former employees or their beneficiaries due to certain events such as death or disability. The following table summarizes information about performance share units that were previously converted to restricted stock or restricted stock units: Restricted Stock and Restricted Stock Units (In thousands) Weighted-Average Grant Date Fair Value 1 Nonvested on January 1, 2015 2 130 $ 25.17 Vested and released (130 ) 25.17 Nonvested on December 31, 2015 — $ — 1 The weighted-average grant date fair value is based on the fair values of the performance share units granted. 2 The nonvested restricted stock and stock units as of January 1, 2015 are presented at the performance share units' certified award level. The total intrinsic value of restricted shares that were vested and released was $ 5 million , $ 255 million and $ 16 million in 2015 , 2014 and 2013 , respectively. The total restricted share units vested and released in 2015 were 130,017 at the certified award level. In 2014 and 2013 , the total restricted share units vested and released were 6,773,934 and 405,963 , respectively. Time-Based Restricted Stock and Restricted Stock Unit Awards Prior to the release date, time-based restricted stock and restricted stock units granted from the 2014 Equity Plan do not pay dividends or have voting rights and will be forfeited in the event of the recipient's termination of employment, except for reasons such as death or disability. Certain other time-based restricted stock awards entitled participants to vote and receive dividends, while for time-based restricted stock units, participants may receive payment of dividend equivalents but are not allowed to vote. The fair value of the restricted stock and restricted stock units expected to vest and be released is expensed on a straight-line basis over the vesting period. As of December 31, 2015 , the Company had outstanding nonvested time-based restricted stock, including restricted stock units, of 941,205 , most of which do not pay dividends or have voting rights.

PENSION AND OTHER POSTRETIREMEN

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS	12 Months Ended
	Dec. 31, 2015
Pension and Other Postretirement Benefit Plans [Abstract]
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS	PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS Our Company sponsors and/or contributes to pension and postretirement health care and life insurance benefit plans covering substantially all U.S. employees. We also sponsor nonqualified, unfunded defined benefit pension plans for certain associates. In addition, our Company and its subsidiaries have various pension plans and other forms of postretirement arrangements outside the United States. We refer to the funded defined benefit pension plan in the United States that is not associated with collective bargaining organizations as the "primary U.S. plan." As of December 31, 2015 , the primary U.S. plan represented 59 percent and 62 percent of the Company's consolidated projected benefit obligation and pension assets, respectively. Obligations and Funded Status The following table sets forth the changes in benefit obligations and the fair value of plan assets for our benefit plans (in millions): Pension Benefits Other Benefits Year Ended December 31, 2015 2014 2015 2014 Benefit obligation at beginning of year 1 $ 10,346 $ 8,845 $ 1,006 $ 946 Service cost 265 261 27 26 Interest cost 379 406 37 43 Foreign currency exchange rate changes (309 ) (183 ) (14 ) (4 ) Amendments 6 — (10 ) (31 ) Actuarial loss (gain) (479 ) 1,519 (54 ) 88 Benefits paid 2 (353 ) (522 ) (59 ) (62 ) Business combinations 1 4 — — Divestitures 3 (218 ) — — — Settlements 4 (499 ) (7 ) — (1 ) Special termination benefits 21 5 2 — Other (1 ) 18 5 1 Benefit obligation at end of year 1 $ 9,159 $ 10,346 $ 940 $ 1,006 Fair value of plan assets at beginning of year $ 8,902 $ 8,746 $ 246 $ 243 Actual return on plan assets (44 ) 574 (3 ) 2 Employer contributions 121 214 — — Foreign currency exchange rate changes (322 ) (203 ) — — Benefits paid (270 ) (435 ) (3 ) (3 ) Divestitures 3 (206 ) — — — Settlements 4 (486 ) (1 ) — — Other (6 ) 7 5 4 Fair value of plan assets at end of year $ 7,689 $ 8,902 $ 245 $ 246 Net liability recognized $ (1,470 ) $ (1,444 ) $ (695 ) $ (760 ) 1 For pension benefit plans, the benefit obligation is the projected benefit obligation. For other benefit plans, the benefit obligation is the accumulated postretirement benefit obligation. The accumulated benefit obligation for our pension plans was $8,868 million and $10,028 million as of December 31, 2015 and 2014 , respectively. 2 Benefits paid to pension plan participants during 2015 and 2014 included $83 million and $87 million , respectively, in payments related to unfunded pension plans that were paid from Company assets. Benefits paid to participants of other benefit plans during 2015 and 2014 included $56 million and $59 million , respectively, that were paid from Company assets. 3 Divestitures are primarily related to the transfer of assets and liabilities associated with the Company's consolidated German bottling operations to assets held for sale and liabilities held for sale as of December 31, 2015. Refer to Note 2 for additional information. 4 Settlements are primarily related to the Company's productivity, restructuring and integration initiatives. Refer to Note 18. Pension and other benefit amounts recognized in our consolidated balance sheets are as follows (in millions): Pension Benefits Other Benefits December 31, 2015 2014 2015 2014 Noncurrent asset $ 454 $ 479 $ — $ — Current liability (72 ) (78 ) (21 ) (20 ) Long-term liability (1,852 ) (1,845 ) (674 ) (740 ) Net liability recognized $ (1,470 ) $ (1,444 ) $ (695 ) $ (760 ) Certain of our pension plans have projected benefit obligations in excess of the fair value of plan assets. For these plans, the projected benefit obligations and the fair value of plan assets were as follows (in millions): December 31, 2015 2014 Projected benefit obligation $ 7,767 $ 8,753 Fair value of plan assets 5,865 6,854 Certain of our pension plans have accumulated benefit obligations in excess of the fair value of plan assets. For these plans, the accumulated benefit obligations and the fair value of plan assets were as follows (in millions): December 31, 2015 2014 Accumulated benefit obligation $ 7,537 $ 8,501 Fair value of plan assets 5,846 6,820 Pension Plan Assets The following table presents total assets for our U.S. and non-U.S. pension plans (in millions): U.S. Plans Non-U.S. Plans December 31, 2015 2014 2015 2014 Cash and cash equivalents $ 222 $ 186 $ 54 $ 75 Equity securities: U.S.-based companies 1,118 1,274 445 542 International-based companies 398 558 419 505 Fixed-income securities: Government bonds 442 455 295 411 Corporate bonds and debt securities 1,037 1,379 136 187 Mutual, pooled and commingled funds 1 713 863 410 400 Hedge funds/limited partnerships 723 756 41 43 Real estate 462 391 2 17 Other 513 481 259 379 Total pension plan assets 2 $ 5,628 $ 6,343 $ 2,061 $ 2,559 1 Mutual, pooled and commingled funds include investments in equity securities, fixed-income securities and combinations of both. There are a significant number of mutual, pooled and commingled funds from which investors can choose. The selection of the type of fund is dictated by the specific investment objectives and needs of a given plan. These objectives and needs vary greatly between plans. 2 Fair value disclosures related to our pension assets are included in Note 16 . Fair value disclosures include, but are not limited to, the levels within the fair value hierarchy in which the fair value measurements in their entirety fall; a reconciliation of the beginning and ending balances of Level 3 assets; and information about the valuation techniques and inputs used to measure the fair value of our pension assets. Investment Strategy for U.S. Pension Plans The Company utilizes the services of investment managers to actively manage the assets of our U.S. pension plans. We have established asset allocation targets and investment guidelines with each investment manager. Our asset allocation targets promote optimal expected return and volatility characteristics given the long-term time horizon for fulfilling the obligations of the plan. Selection of the targeted asset allocation for U.S. plan assets was based upon a review of the expected return and risk characteristics of each asset class, as well as the correlation of returns among asset classes. Our target allocation is a mix of 42 percent equity investments, 30 percent fixed-income investments and 28 percent alternative investments. We believe this target allocation will enable us to achieve the following long-term investment objectives: (1) optimize the long-term return on plan assets at an acceptable level of risk; (2) maintain a broad diversification across asset classes and among investment managers; and (3) maintain careful control of the risk level within each asset class. The guidelines that have been established with each investment manager provide parameters within which the investment managers agree to operate, including criteria that determine eligible and ineligible securities, diversification requirements and credit quality standards, where applicable. Unless exceptions have been approved, investment managers are prohibited from buying or selling commodities, futures or option contracts, as well as from short selling of securities. Additionally, investment managers agree to obtain written approval for deviations from stated investment style or guidelines. As of December 31, 2015 , no investment manager was responsible for more than 8 percent of total U.S. plan assets. Our target allocation of 42 percent equity investments is composed of 60 percent global equities, 16 percent emerging market equities and 24 percent domestic small- and mid-cap equities. Optimal returns through our investments in global equities are achieved through security selection as well as country and sector diversification. Investments in the common stock of our Company accounted for approximately 6 percent of our total global equities and approximately 3 percent of total U.S. plan assets. Our investments in global equities are intended to provide diversified exposure to both U.S. and non-U.S. equity markets. Our investments in both emerging market equities and domestic small- and mid-cap equities may experience large swings in their market value on a periodic basis. Our investments in these asset classes are selected based on capital appreciation potential. Our target allocation of 30 percent fixed-income investments is composed of 33 percent long-duration bonds and 67 percent with multi-strategy alternative credit managers. Long-duration bonds are intended to provide a stable rate of return through investments in high-quality publicly traded debt securities. Our investments in long-duration bonds are diversified in order to mitigate duration and credit exposure. Multi-strategy alternative credit managers invest in a combination of high-yield bonds, bank loans, structured credit and emerging market debt. These investments are in lower-rated and non-rated debt securities, which generally produce higher returns compared to long-duration bonds and also help to diversify our overall fixed-income portfolio. In addition to equity investments and fixed-income investments, we have a target allocation of 28 percent in alternative investments. These alternative investments include hedge funds, reinsurance, private equity limited partnerships, leveraged buyout funds, international venture capital partnerships and real estate. The objective of investing in alternative investments is to provide a higher rate of return than that available from publicly traded equity securities. These investments are inherently illiquid and require a long-term perspective in evaluating investment performance. Investment Strategy for Non-U.S. Pension Plans As of December 31, 2015 , the long-term target allocation for 71 percent of our international subsidiaries' plan assets, primarily certain of our European and Canadian plans, is 61 percent equity securities; 25 percent fixed-income securities; and 14 percent other investments. The actual allocation for the remaining 29 percent of the Company's international subsidiaries' plan assets consisted of 56 percent mutual, pooled and commingled funds; 1 percent equity securities; 3 percent fixed-income securities; and 40 percent other investments. The investment strategies of our international subsidiaries differ greatly, and in some instances are influenced by local law. None of our pension plans outside the United States is individually significant for separate disclosure. Other Postretirement Benefit Plan Assets Plan assets associated with other postretirement benefits primarily represent funding of one of the U.S. postretirement benefit plans through a U.S. Voluntary Employee Beneficiary Association ("VEBA"), a tax-qualified trust. The VEBA assets are primarily invested in liquid assets due to the level and timing of expected future benefit payments. The following table presents total assets for our other postretirement benefit plans (in millions): December 31, 2015 2014 Cash and cash equivalents $ 8 $ 10 Equity securities: U.S.-based companies 116 114 International-based companies 6 7 Fixed-income securities: Government bonds 80 79 Corporate bonds and debt securities 8 9 Mutual, pooled and commingled funds 15 16 Hedge funds/limited partnerships 5 5 Real estate 3 3 Other 4 3 Total other postretirement benefit plan assets 1 $ 245 $ 246 1 Fair value disclosures related to our other postretirement benefit plan assets are included in Note 16 . Fair value disclosures include, but are not limited to, the levels within the fair value hierarchy in which the fair value measurements in their entirety fall and information about the valuation techniques and inputs used to measure the fair value of our other postretirement benefit plan assets. Components of Net Periodic Benefit Cost Net periodic benefit cost for our pension and other postretirement benefit plans consisted of the following (in millions): Pension Benefits Other Benefits Year Ended December 31, 2015 2014 2013 2015 2014 2013 Service cost $ 265 $ 261 $ 280 $ 27 $ 26 $ 36 Interest cost 379 406 378 37 43 42 Expected return on plan assets 1 (705 ) (713 ) (659 ) (11 ) (11 ) (9 ) Amortization of prior service cost (credit) (2 ) (2 ) (2 ) (19 ) (17 ) (10 ) Amortization of actuarial loss 2 199 73 197 10 2 13 Net periodic benefit cost $ 136 $ 25 $ 194 $ 44 $ 43 $ 72 Settlement charge 3 149 4 1 — — — Special termination benefits 3 20 5 2 2 — — Total cost recognized in statements of income $ 305 $ 34 $ 197 $ 46 $ 43 $ 72 1 The Company has elected to use the actual fair value of plan assets as the market-related value of assets in the determination of the expected return on plan assets. 2 Actuarial gains and losses are amortized using a corridor approach. The gain/loss corridor is equal to 10 percent of the greater of the pension benefit obligation and the market-related value of assets. Gains and losses in excess of the corridor are generally amortized over the average future working lifetime of the pension plan participants. 3 The settlement charge and special termination benefits were primarily related to the Company's productivity, restructuring and integration initiatives. Refer to Note 18 . The following table sets forth the changes in AOCI for our benefit plans (in millions, pretax): Pension Benefits Other Benefits Year Ended December 31, 2015 2014 2015 2014 Balance in AOCI at beginning of year $ (3,069 ) $ (1,537 ) $ (67 ) $ 13 Recognized prior service cost (credit) (2 ) (2 ) (19 ) (17 ) Recognized net actuarial loss (gain) 348 77 10 2 Prior service credit (cost) arising in current year (6 ) — 10 31 Net actuarial (loss) gain arising in current year (270 ) (1,658 ) 40 (97 ) Foreign currency translation gain (loss) 92 51 — 1 Balance in AOCI at end of year $ (2,907 ) $ (3,069 ) $ (26 ) $ (67 ) The following table sets forth amounts in AOCI for our benefit plans (in millions, pretax): Pension Benefits Other Benefits December 31, 2015 2014 2015 2014 Prior service credit (cost) $ 3 $ 10 $ 93 $ 100 Net actuarial loss (2,910 ) (3,079 ) (119 ) (167 ) Balance in AOCI at end of year $ (2,907 ) $ (3,069 ) $ (26 ) $ (67 ) Amounts in AOCI expected to be recognized as components of net periodic pension cost in 2016 are as follows (in millions, pretax): Pension Benefits Other Benefits Amortization of prior service cost (credit) $ (2 ) $ (19 ) Amortization of actuarial loss 181 7 Total $ 179 $ (12 ) Assumptions Certain weighted-average assumptions used in computing the benefit obligations are as follows: Pension Benefits Other Benefits December 31, 2015 2014 2015 2014 Discount rate 4.25 % 3.75 % 4.25 % 3.75 % Rate of increase in compensation levels 3.50 % 3.50 % N/A N/A Certain weighted-average assumptions used in computing net periodic benefit cost are as follows: Pension Benefits Other Benefits Year Ended December 31, 2015 2014 2013 2015 2014 2013 Discount rate 3.75 % 4.75 % 4.00 % 3.75 % 4.75 % 4.00 % Rate of increase in compensation levels 3.50 % 3.50 % 3.50 % N/A N/A N/A Expected long-term rate of return on plan assets 8.25 % 8.25 % 8.25 % 4.75 % 4.75 % 4.75 % The expected long-term rate of return assumption for U.S. pension plan assets is based upon the target asset allocation and is determined using forward-looking assumptions in the context of historical returns and volatilities for each asset class, as well as correlations among asset classes. We evaluate the rate of return assumption on an annual basis. The expected long-term rate of return assumption used in computing 2015 net periodic pension cost for the U.S. plans was 8.5 percent . As of December 31, 2015 , the 5-year, 10-year and 15-year annualized return on plan assets for the primary U.S. plan was 6.7 percent , 5.4 percent and 5.7 percent , respectively. The annualized return since inception was 10.6 percent . The assumed health care cost trend rates are as follows: December 31, 2015 2014 Health care cost trend rate assumed for next year 7.00 % 7.50 % Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 5.00 % 5.00 % Year that the rate reaches the ultimate trend rate 2021 2020 The Company's U.S. postretirement benefit plans are primarily defined dollar benefit plans that limit the effects of medical inflation because the plans have established dollar limits for determining our contributions. As a result, the effect of a 1 percentage point change in the assumed health care cost trend rate would not be significant to the Company. The discount rate assumptions used to account for pension and other postretirement benefit plans reflect the rates at which the benefit obligations could be effectively settled. Rates for U.S. and certain non-U.S. plans at December 31, 2015 , were determined using a cash flow matching technique whereby the rates of a yield curve, developed from high-quality debt securities, were applied to the benefit obligations to determine the appropriate discount rate. For other non-U.S. plans, we base the discount rate on comparable indices within each of the countries. The rate of compensation increase assumption is determined by the Company based upon annual reviews. We review external data and our own historical trends for health care costs to determine the health care cost trend rate assumptions. Effective January 1, 2016, for benefit plans using the yield curve approach, the Company changed the method used to calculate the service cost and interest cost components of net periodic benefit costs for pension and other postretirement benefit plans and will measure these costs by applying the specific spot rates along the yield curve to the plans' projected cash flows. The Company believes the new approach provides a more precise measurement of service and interest costs by improving the correlation between projected cash flows and the corresponding spot yield curve rates. The change does not affect the measurement of the Company's pension and other postretirement benefit obligations for those plans and is accounted for as a change in accounting estimate, which is applied prospectively. Cash Flows Our estimated future benefit payments for funded and unfunded plans are as follows (in millions): Year Ended December 31, 2016 2017 2018 2019 2020 2021–2025 Pension benefit payments $ 521 $ 504 $ 533 $ 551 $ 570 $ 3,065 Other benefit payments 1 61 63 64 65 67 332 Total estimated benefit payments $ 582 $ 567 $ 597 $ 616 $ 637 $ 3,397 1 The expected benefit payments for our other postretirement benefit plans are net of estimated federal subsidies expected to be received under the Medicare Prescription Drug, Improvement and Modernization Act of 2003. Federal subsidies are estimated to be $4 million for the period 2016–2020, and $3 million for the period 2021–2025. The Company anticipates making pension contributions in 2016 of $512 million , the majority of which will be allocated to our U.S. plans. The majority of these contributions are discretionary. Defined Contribution Plans Our Company sponsors qualified defined contribution plans covering substantially all U.S. employees. Under the largest U.S. defined contribution plan, we match participants' contributions up to a maximum of 3.5 percent of compensation, subject to certain limitations. Company costs related to the U.S. plans were $94 million , $92 million and $97 million in 2015 , 2014 and 2013 , respectively. We also sponsor defined contribution plans in certain locations outside the United States. Company costs associated with those plans were $35 million , $36 million and $32 million in 2015 , 2014 and 2013 , respectively. Multi-Employer Plans As a result of our acquisition of Old CCE's North America business during the fourth quarter of 2010, the Company now participates in various multi-employer pension plans in the United States. Multi-employer pension plans are designed to cover employees from multiple employers and are typically established under collective bargaining agreements. These plans allow multiple employers to pool their pension resources and realize efficiencies associated with the daily administration of the plan. Multi-employer plans are generally governed by a board of trustees composed of management and labor representatives and are funded through employer contributions. The Company's expense for U.S. multi-employer pension plans totaled $40 million , $ 38 million and $37 million in 2015 , 2014 and 2013 , respectively. The plans we currently participate in have contractual arrangements that extend into 2020. If, in the future, we choose to withdraw from any of the multi-employer pension plans in which we currently participate, we would need to record the appropriate withdrawal liabilities at that time.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Income Taxes [Abstract]
INCOME TAXES	INCOME TAXES Income before income taxes consisted of the following (in millions): Year Ended December 31, 2015 2014 2013 United States $ 1,801 $ 1,567 $ 2,451 International 7,804 7,758 9,026 Total $ 9,605 $ 9,325 $ 11,477 Income tax expense consisted of the following for the years ended December 31, 2015 , 2014 and 2013 (in millions): United States State and Local International Total 2015 Current $ 711 $ 69 $ 1,386 $ 2,166 Deferred 120 45 (92 ) 73 2014 Current $ 867 $ 81 $ 1,293 $ 2,241 Deferred (97 ) (21 ) 78 (40 ) 2013 Current $ 713 $ 102 $ 1,388 $ 2,203 Deferred 305 38 305 648 We made income tax payments of $ 2,357 million , $ 1,926 million and $ 2,162 million in 2015 , 2014 and 2013 , respectively. A reconciliation of the statutory U.S. federal tax rate and our effective tax rate is as follows: Year Ended December 31, 2015 2014 2013 Statutory U.S. federal tax rate 35.0 % 35.0 % 35.0 % State and local income taxes — net of federal benefit 1.2 1.0 1.0 Earnings in jurisdictions taxed at rates different from the statutory U.S. federal rate (12.7 ) 1 (11.5 ) 6,7 (10.3 ) 10,11,12 Equity income or loss (1.7 ) 2 (2.2 ) (1.4 ) 13 Other operating charges 1.2 3,4 2.9 8,9 1.2 14 Other — net 0.3 5 (1.6 ) (0.7 ) Effective tax rate 23.3 % 23.6 % 24.8 % 1 Includes a pretax charge of $27 million (or a 0.1 percent impact on our effective tax rate) due to the remeasurement of the net monetary assets of our local Venezuelan subsidiary into U.S. dollars using the SIMADI exchange rate. Refer to Note 1 and Note 17. 2 Includes a tax benefit of $5 million on a pretax charge of $87 million (or a 0.3 percent impact on our effective tax rate) related to our proportionate share of unusual or infrequent items recorded by our equity method investees. Refer to Note 17. 3 Includes a tax benefit of $45 million on a pretax charge of $225 million (or a 0.3 percent impact on our effective tax rate) primarily due to an impairment of a Venezuelan trademark, a write-down of receivables from our bottling partner in Venezuela, a cash contribution to The Coca-Cola Foundation and charges associated with ongoing tax litigation. Refer to Note 1 and Note 17. 4 Includes a tax benefit of $259 million on pretax charges of $983 million (or a 0.9 percent impact on our effective tax rate) primarily related to the Company's productivity and reinvestment program as well as other restructuring initiatives. Refer to Note 18. 5 Includes tax expense of $150 million on pretax income of $77 million (or a 1.3 percent impact on our effective rate) primarily due to the gain related to the Monster Transaction, offset by charges related to the refranchising of certain territories in North America and charges associated with the early extinguishment of long-term debt. Refer to Note 2 and Note 17. 6 Includes tax expense of $ 6 million on a pretax net charge of $ 372 million (or a 1.5 percent impact on our effective tax rate) due to the remeasurement of the net monetary assets of our local Venezuelan subsidiary into U.S. dollars using the SICAD 2 exchange rate. Refer to Note 1. 7 Includes tax expense of $18 million (or a 0.2 percent impact on our effective tax rate) related to amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties, in various international jurisdictions. 8 Includes tax expense of $55 million on a pretax charge of $352 million (or a 1.9 percent impact on our effective tax rate) primarily due to an impairment of a Venezuelan trademark, a write-down on receivables from our bottling partner in Venezuela, a charge associated with certain of the Company's fixed assets, and as a result of the restructuring and transition of the Company's Russian juice operations to an existing joint venture with an unconsolidated bottling partner. Refer to Note 1 and Note 17. 9 Includes a tax benefit of $191 million on pretax charges of $809 million (or a 1 percent impact on our effective tax rate) primarily related to the Company's productivity and reinvestment program as well as other restructuring initiatives. Refer to Note 18. 10 Includes a tax benefit of $26 million (or a 0.2 percent impact on our effective tax rate) related to amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties, in various international jurisdictions. 11 Includes tax expense of $279 million on pretax net gains of $501 million (or a 0.9 percent impact on our effective tax rate) related to the deconsolidation of our Brazilian bottling operations upon their combination with an independent bottler and a loss due to the merger of four of the Company's Japanese bottling partners. Refer to Note 2 and Note 17 . 12 Includes tax expense of $3 million (or a 0.5 percent impact on our effective tax rate) related to a charge of $149 million due to the devaluation of the Venezuelan bolivar. Refer to Note 19. 13 Includes a tax benefit of $8 million on a pretax charge of $159 million (or a 0.4 percent impact on our effective tax rate) related to our proportionate share of unusual or infrequent items recorded by our equity method investees. Refer to Note 17. 14 Includes a tax benefit of $175 million on pretax charges of $877 million (or a 1.2 percent impact on our effective tax rate) primarily related to impairment charges recorded on certain of the Company's intangible assets and charges related to the Company's productivity and reinvestment program as well as other restructuring initiatives. Refer to Note 17 and Note 18 . Our effective tax rate reflects the tax benefits of having significant operations outside the United States, which are generally taxed at rates lower than the U.S. statutory rate of 35.0 percent . As a result of employment actions and capital investments made by the Company, certain tax jurisdictions provide income tax incentive grants, including Brazil, Costa Rica, Singapore and Swaziland. The terms of these grants expire from 2016 to 2023 . We anticipate that we will be able to extend or renew the grants in these locations. Tax incentive grants favorably impacted our income tax expense by $ 223 million , $ 265 million and $ 279 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. In addition, our effective tax rate reflects the benefits of having significant earnings generated in investments accounted for under the equity method of accounting, which are generally taxed at rates lower than the U.S. statutory rate. The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. U.S. tax authorities have completed their federal income tax examinations for all years prior to 2007 . With respect to state and local jurisdictions and countries outside the United States, with limited exceptions, the Company and its subsidiaries are no longer subject to income tax audits for years before 2006 . For U.S. federal and state tax purposes, the net operating losses and tax credit carryovers acquired in connection with our acquisition of Old CCE's North America business that were generated between the years of 1990 through 2010 are subject to adjustments until the year in which they are actually utilized is no longer subject to examination. Although the outcome of tax audits is always uncertain, the Company believes that adequate amounts of tax, including interest and penalties, have been provided for any adjustments that are expected to result from those years. On September 17, 2015, the Company received a Notice from the IRS for the tax years 2007 through 2009 , after a five-year audit. Refer to Note 11. As of December 31, 2015 , the gross amount of unrecognized tax benefits was $ 168 million . If the Company were to prevail on all uncertain tax positions, the net effect would be a benefit to the Company's effective tax rate of $ 148 million , exclusive of any benefits related to interest and penalties. The remaining $ 20 million , which was recorded as a deferred tax asset, primarily represents tax benefits that would be received in different tax jurisdictions in the event the Company did not prevail on all uncertain tax positions. A reconciliation of the changes in the gross amount of unrecognized tax benefits is as follows (in millions): Year Ended December 31, 2015 2014 2013 Beginning balance of unrecognized tax benefits $ 211 $ 230 $ 302 Increase related to prior period tax positions 4 13 1 Decrease related to prior period tax positions (9 ) (2 ) (7 ) Increase related to current period tax positions 5 11 8 Decrease related to settlements with taxing authorities (5 ) (5 ) (4 ) Decrease due to lapse of the applicable statute of limitations (23 ) (32 ) (59 ) Increase (decrease) due to effect of foreign currency exchange rate changes (15 ) (4 ) (11 ) Ending balance of unrecognized tax benefits $ 168 $ 211 $ 230 The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense. The Company had $ 111 million , $ 113 million and $ 105 million in interest and penalties related to unrecognized tax benefits accrued as of December 31, 2015 , 2014 and 2013 , respectively. Of these amounts, $ 8 million of expense and $ 8 million of benefit were recognized through income tax expense in 2014 and 2013 , respectively. For the year ended December 31, 2015, an insignificant amount of interest and penalties were recognized through income tax expense. If the Company were to prevail on all uncertain tax positions, the reversal of this accrual would also be a benefit to the Company's effective tax rate. It is expected that the amount of unrecognized tax benefits will change in the next 12 months; however, we do not expect the change to have a significant impact on our consolidated statements of income or consolidated balance sheets. These changes may be the result of settlements of ongoing audits, statute of limitations expiring or final settlements in transfer pricing matters that are the subject of litigation. At this time, an estimate of the range of the reasonably possible outcomes cannot be made. As of December 31, 2015 , undistributed earnings of the Company's foreign subsidiaries amounted to $ 31.9 billion . Those earnings are considered to be indefinitely reinvested and, accordingly, no U.S. federal and state income taxes have been provided thereon. Upon distribution of those earnings in the form of dividends or otherwise, the Company would be subject to both U.S. income taxes (subject to an adjustment for foreign tax credits) and withholding taxes payable to the various foreign countries. Determination of the amount of unrecognized deferred U.S. income tax liability is not practicable because of the complexities associated with its hypothetical calculation; however, unrecognized foreign tax credits would be available to reduce a portion of the U.S. tax liability. The tax effects of temporary differences and carryforwards that give rise to deferred tax assets and liabilities consist of the following (in millions): December 31, 2015 2014 Deferred tax assets: Property, plant and equipment $ 192 $ 96 Trademarks and other intangible assets 68 68 Equity method investments (including foreign currency translation adjustment) 694 462 Derivative financial instruments 161 134 Other liabilities 1,056 1,082 Benefit plans 1,541 1,673 Net operating/capital loss carryforwards 413 729 Other 175 196 Gross deferred tax assets $ 4,300 $ 4,440 Valuation allowances (477 ) (649 ) Total deferred tax assets 1,2 $ 3,823 $ 3,791 Deferred tax liabilities: Property, plant and equipment $ (1,887 ) $ (2,342 ) Trademarks and other intangible assets (3,422 ) (4,020 ) Equity method investments (including foreign currency translation adjustment) (1,441 ) (1,038 ) Derivative financial instruments (687 ) (457 ) Other liabilities (216 ) (110 ) Benefit plans (367 ) (487 ) Other (726 ) (944 ) Total deferred tax liabilities 3 $ (8,746 ) $ (9,398 ) Net deferred tax liabilities $ (4,923 ) $ (5,607 ) 1 Noncurrent deferred tax assets of $ 360 million and $ 319 million were included in the line item other assets in our consolidated balance sheets as of December 31, 2015 and 2014 , respectively. 2 Current deferred tax assets of $ 151 million and $ 160 million were included in the line item prepaid expenses and other assets in our consolidated balance sheets as of December 31, 2015 and 2014 , respectively. 3 Current deferred tax liabilities of $ 743 million and $ 450 million were included in the line item accounts payable and accrued expenses in our consolidated balance sheets as of December 31, 2015 and 2014 , respectively. As of December 31, 2015 and 2014 , we had $ 62 million of net deferred tax assets and $ 643 million of net deferred tax liabilities, respectively, located in countries outside the United States. As of December 31, 2015 , we had $ 4,419 million of loss carryforwards available to reduce future taxable income. Loss carryforwards of $ 356 million must be utilized within the next five years, and the remainder can be utilized over a period greater than five years. An analysis of our deferred tax asset valuation allowances is as follows (in millions): Year Ended December 31, 2015 2014 2013 Balance at beginning of year $ 649 $ 586 $ 487 Additions 42 104 169 Decrease due to transfer to assets held for sale (163 ) — — Deductions (51 ) (41 ) (70 ) Balance at end of year $ 477 $ 649 $ 586 The Company's deferred tax asset valuation allowances are primarily the result of uncertainties regarding the future realization of recorded tax benefits on tax loss carryforwards from operations in various jurisdictions. These valuation allowances were primarily related to deferred tax assets generated from net operating losses. Current evidence does not suggest we will realize sufficient taxable income of the appropriate character within the carryforward period to allow us to realize these deferred tax benefits. If we were to identify and implement tax planning strategies to recover these deferred tax assets or generate sufficient income of the appropriate character in these jurisdictions in the future, it could lead to the reversal of these valuation allowances and a reduction of income tax expense. The Company believes that it will generate sufficient future taxable income to realize the tax benefits related to the remaining net deferred tax assets in our consolidated balance sheets. In 2015 , the Company recognized a net decrease of $ 172 million in its valuation allowances. As a result of our German bottling operations meeting the criteria to be classified as held for sale, the Company was required to present the related assets and liabilities as separate line items in our consolidated balance sheets. In addition, the changes in net operating losses during the normal course of business and changes in deferred tax assets and related valuation allowances on certain equity investments also contributed to a decrease in the valuation allowances. These decreases were partially offset by an increase in the valuation allowances primarily due to the impact of currency devaluations in Venezuela on certain receivables. In 2014 , the Company recognized a net increase of $ 63 million in its valuation allowances. This increase was primarily due to the increase in net operating losses during the normal course of business operations and due to the remeasurement of the net monetary assets of our local Venezuelan subsidiary into U.S. dollars using the SICAD 2 exchange rate. The Company recognized a reduction in the valuation allowances primarily due to changes in deferred tax assets and related valuation allowances on certain equity investments and decreases in net operating losses during the normal course of business operations. In 2013 , the Company recognized a net increase of $ 99 million in its valuation allowances. This increase was primarily due to the addition of a deferred tax asset and related valuation allowance on certain equity method investments and increases in net operating losses during the normal course of business operations. In addition, the Company recognized a reduction in the valuation allowances primarily due to the reversal of a deferred tax asset and related valuation allowance on certain equity method investments.

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2015
OTHER COMPREHENSIVE INCOME [Abstract]
OTHER COMPREHENSIVE INCOME	OTHER COMPREHENSIVE INCOME AOCI attributable to shareowners of The Coca-Cola Company is separately presented on our consolidated balance sheets as a component of The Coca-Cola Company's shareowners' equity, which also includes our proportionate share of equity method investees' AOCI. Other comprehensive income (loss) ("OCI") attributable to noncontrolling interests is allocated to, and included in, our balance sheets as part of the line item equity attributable to noncontrolling interests. AOCI attributable to shareowners of The Coca-Cola Company consisted of the following (in millions): December 31, 2015 2014 Foreign currency translation adjustment $ (9,167 ) $ (5,226 ) Accumulated derivative net gains (losses) 696 554 Unrealized net gains (losses) on available-for-sale securities 288 972 Adjustments to pension and other benefit liabilities (1,991 ) (2,077 ) Accumulated other comprehensive income (loss) $ (10,174 ) $ (5,777 ) The following table summarizes the allocation of total comprehensive income between shareowners of The Coca-Cola Company and noncontrolling interests (in millions): Year Ended December 31, 2015 Shareowners of The Coca-Cola Company Noncontrolling Interests Total Consolidated net income $ 7,351 $ 15 $ 7,366 Other comprehensive income: Net foreign currency translation adjustment (3,941 ) (18 ) (3,959 ) Net gain (loss) on derivatives 1 142 — 142 Net unrealized gain (loss) on available-for-sale securities 2 (684 ) — (684 ) Net change in pension and other benefit liabilities 3 86 — 86 Total comprehensive income $ 2,954 $ (3 ) $ 2,951 1 Refer to Note 5 for additional information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments. 2 Refer to Note 3 for information related to the net unrealized gain or loss on available-for-sale securities. 3 Refer to Note 13 for additional information related to the Company's pension and other postretirement benefit liabilities. OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees' OCI, for the years ended December 31, 2015 , 2014 and 2013 , is as follows (in millions): Before-Tax Amount Income Tax After-Tax Amount 2015 Foreign currency translation adjustments: Translation adjustment arising during the year $ (4,626 ) $ 243 $ (4,383 ) Reclassification adjustments recognized in net income 63 (14 ) 49 Unrealized gains (losses) on net investment hedges arising during the year 637 (244 ) 393 Net foreign currency translation adjustment (3,926 ) (15 ) (3,941 ) Derivatives: Unrealized gains (losses) arising during the year 853 (314 ) 539 Reclassification adjustments recognized in net income (638 ) 241 (397 ) Net gain (loss) on derivatives 1 215 (73 ) 142 Available-for-sale securities: Unrealized gains (losses) arising during the year (973 ) 328 (645 ) Reclassification adjustments recognized in net income (61 ) 22 (39 ) Net change in unrealized gain (loss) on available-for-sale securities 2 (1,034 ) 350 (684 ) Pension and other benefit liabilities: Net pension and other benefits arising during the year (169 ) 43 (126 ) Reclassification adjustments recognized in net income 337 (125 ) 212 Net change in pension and other benefit liabilities 3 168 (82 ) 86 Other comprehensive income (loss) attributable to The Coca-Cola Company $ (4,577 ) $ 180 $ (4,397 ) 1 Refer to Note 5 for additional information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments. 2 Includes reclassification adjustments related to divestitures of certain available-for-sale securities. Refer to Note 3 for additional information related to these divestitures. 3 Refer to Note 13 for additional information related to the Company's pension and other postretirement benefit liabilities. Before-Tax Amount Income Tax After-Tax Amount 2014 Foreign currency translation adjustments: Translation adjustment arising during the year $ (2,560 ) $ 183 $ (2,377 ) Net foreign currency translation adjustment (2,560 ) 183 (2,377 ) Derivatives: Unrealized gains (losses) arising during the year 620 (231 ) 389 Reclassification adjustments recognized in net income (50 ) 18 (32 ) Net gain (loss) on derivatives 1 570 (213 ) 357 Available-for-sale securities: Unrealized gains (losses) arising during the year 1,139 (412 ) 727 Reclassification adjustments recognized in net income (17 ) 4 (13 ) Net change in unrealized gain (loss) on available-for-sale securities 2 1,122 (408 ) 714 Pension and other benefit liabilities: Net pension and other benefits arising during the year (1,666 ) 588 (1,078 ) Reclassification adjustments recognized in net income 60 (21 ) 39 Net change in pension and other benefit liabilities 3 (1,606 ) 567 (1,039 ) Other comprehensive income (loss) attributable to The Coca-Cola Company $ (2,474 ) $ 129 $ (2,345 ) 1 Refer to Note 5 for additional information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments. 2 Includes reclassification adjustments related to divestitures of certain available-for-sale securities. Refer to Note 3 for additional information related to these divestitures. 3 Refer to Note 13 for additional information related to the Company's pension and other postretirement benefit liabilities. Before-Tax Amount Income Tax After-Tax Amount 2013 Foreign currency translation adjustments: Translation adjustment arising during the year $ (1,046 ) $ 56 $ (990 ) Reclassification adjustments recognized in net income (194 ) — (194 ) Net foreign currency translation adjustment (1,240 ) 56 (1,184 ) Derivatives: Unrealized gains (losses) arising during the year 425 (173 ) 252 Reclassification adjustments recognized in net income (167 ) 66 (101 ) Net gain (loss) on derivatives 1 258 (107 ) 151 Available-for-sale securities: Unrealized gains (losses) arising during the year (134 ) 42 (92 ) Reclassification adjustments recognized in net income 12 — 12 Net change in unrealized gain (loss) on available-for-sale securities 2 (122 ) 42 (80 ) Pension and other benefit liabilities: Net pension and other benefits arising during the year 1,490 (550 ) 940 Reclassification adjustments recognized in net income 198 (72 ) 126 Net change in pension and other benefit liabilities 3 1,688 (622 ) 1,066 Other comprehensive income (loss) attributable to The Coca-Cola Company $ 584 $ (631 ) $ (47 ) 1 Refer to Note 5 for additional information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments. 2 Includes reclassification adjustments related to divestitures of certain available-for-sale securities. Refer to Note 3 for additional information related to these divestitures. 3 Refer to Note 13 for additional information related to the Company's pension and other postretirement benefit liabilities. The following table presents the amounts and line items in our consolidated statements of income where adjustments reclassified from AOCI into income were recorded during the year ended December 31, 2015 (in millions): Description of AOCI Component Financial Statement Line Item Amount Reclassified from AOCI into Income Foreign currency translation adjustments: Divestitures, deconsolidations and other Other income (loss) — net $ 63 Income before income taxes $ 63 Income taxes (14 ) Consolidated net income $ 49 Derivatives: Foreign currency contracts Net operating revenues $ (630 ) Foreign currency and commodity contracts Cost of goods sold (59 ) Foreign currency contracts Other income (loss) — net 40 Foreign currency and interest rate contracts Interest expense 11 Income before income taxes $ (638 ) Income taxes 241 Consolidated net income $ (397 ) Available-for-sale securities: Sale of securities Other income (loss) — net $ (61 ) Income before income taxes $ (61 ) Income taxes 22 Consolidated net income $ (39 ) Pension and other benefit liabilities: Recognized net actuarial loss (gain) * $ 358 Recognized prior service cost (credit) * (21 ) Income before income taxes $ 337 Income taxes (125 ) Consolidated net income $ 212 * This component of AOCI is included in the Company's computation of net periodic benefit cost and is not reclassified out of AOCI into a single line item in our consolidated statements of income in its entirety. Refer to Note 13 for additional information.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2015
Fair Value Measurements Disclosure [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Accounting principles generally accepted in the United States define fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Additionally, the inputs used to measure fair value are prioritized based on a three-level hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Observable inputs other than quoted prices included in Level 1. We value 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. Recurring Fair Value Measurements In accordance with accounting principles generally accepted in the United States, certain assets and liabilities are required to be recorded at fair value on a recurring basis. For our Company, the only assets and liabilities that are adjusted to fair value on a recurring basis are investments in equity and debt securities classified as trading or available-for-sale and derivative financial instruments. Additionally, the Company adjusts the carrying value of certain long-term debt as a result of the Company's fair value hedging strategy. Investments in Trading and Available-for-Sale Securities The fair values of our investments in trading and available-for-sale securities using quoted market prices from daily exchange traded markets are based on the closing price as of the balance sheet date and are classified as Level 1. The fair values of our investments in trading and available-for-sale securities classified as Level 2 are priced using quoted market prices for similar instruments or nonbinding market prices that are corroborated by observable market data. Inputs into these valuation techniques include actual trade data, benchmark yields, broker/dealer quotes and other similar data. These inputs are obtained from quoted market prices, independent pricing vendors or other sources. Derivative Financial Instruments The fair values of our futures contracts are primarily determined using quoted contract prices on futures exchange markets. The fair values of these instruments are based on the closing contract price as of the balance sheet date and are classified as Level 1. The fair values of our derivative instruments other than futures are 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 have been classified as Level 2. Inputs used in these standard valuation models for derivative instruments other than futures include the applicable exchange rates, forward rates, interest rates, discount rates and commodity prices. The standard valuation model for options also uses implied volatility as an additional input. The discount rates are based on the historical U.S. Deposit or U.S. Treasury rates, and the implied volatility specific to options is based on quoted rates from financial institutions. Included in the fair value of derivative instruments is an adjustment for nonperformance risk. The adjustment is based on current credit default swap ("CDS") rates applied to each contract, by counterparty. We use our counterparty's CDS rate when we are in an asset position and our own CDS rate when we are in a liability position. The adjustment for nonperformance risk did not have a significant impact on the estimated fair value of our derivative instruments. The following tables summarize those assets and liabilities measured at fair value on a recurring basis (in millions): December 31, 2015 Level 1 Level 2 Level 3 Netting Adjustment 1 Fair Value Measurements Assets: Trading securities 2 $ 183 $ 135 $ 4 $ — $ 322 Available-for-sale securities 2 3,913 4,574 119 3 — 8,606 Derivatives 4 2 1,268 — (638 ) 5 632 7 Total assets $ 4,098 $ 5,977 $ 123 $ (638 ) $ 9,560 Liabilities: Derivatives 4 $ 24 $ 635 $ — $ (488 ) 6 $ 171 7 Total liabilities $ 24 $ 635 $ — $ (488 ) $ 171 1 Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle net positive and negative positions and also cash collateral held or placed with the same counterparties. There are no amounts subject to legally enforceable master netting agreements that management has chosen not to offset or that do not meet the offsetting requirements. Refer to Note 5 . 2 Refer to Note 3 for additional information related to the composition of our trading securities and available-for-sale securities. 3 Primarily related to long-term debt securities that mature in 2018. 4 Refer to Note 5 for additional information related to the composition of our derivative portfolio. 5 The Company is obligated to return $184 million in cash collateral it has netted against its derivative position. 6 The Company has the right to reclaim $17 million in cash collateral it has netted against its derivative position. 7 The Company's derivative financial instruments are recorded at fair value in our consolidated balance sheet as follows: $ 79 million in the line item prepaid expenses and other assets; $ 553 million in the line item other assets; and $ 171 million in the line item other liabilities. Refer to Note 5 for additional information related to the composition of our derivative portfolio. December 31, 2014 Level 1 Level 2 Level 3 Netting Adjustment 1 Fair Value Measurements Assets: Trading securities 2 $ 228 $ 177 $ 4 $ — $ 409 Available-for-sale securities 2 4,116 3,627 136 3 — 7,879 Derivatives 4 9 1,721 — (437 ) 1,293 5 Total assets $ 4,353 $ 5,525 $ 140 $ (437 ) $ 9,581 Liabilities: Derivatives 4 $ 2 $ 558 $ — $ (437 ) $ 123 5 Total liabilities $ 2 $ 558 $ — $ (437 ) $ 123 1 Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle net positive and negative positions and also cash collateral held or placed with the same counterparties. There are no amounts subject to legally enforceable master netting agreements that management has chosen not to offset or that do not meet the offsetting requirements. Refer to Note 5 . 2 Refer to Note 3 for additional information related to the composition of our trading securities and available-for-sale securities. 3 Primarily related to long-term debt securities that mature in 2018. 4 Refer to Note 5 for additional information related to the composition of our derivative portfolio. 5 The Company's derivative financial instruments are recorded at fair value in our consolidated balance sheet as follows: $ 567 million in the line item prepaid expenses and other assets; $ 726 million in the line item other assets; $ 14 million in the line item accounts payable and accrued expenses; and $ 109 million in the line item other liabilities. Refer to Note 5 for additional information related to the composition of our derivative portfolio. Gross realized and unrealized gains and losses on Level 3 assets and liabilities were not significant for the years ended December 31, 2015 and 2014 . The Company recognizes transfers between levels within the hierarchy as of the beginning of the reporting period. Gross transfers between levels within the hierarchy were not significant for the years ended December 31, 2015 and 2014 . Nonrecurring Fair Value Measurements In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company records assets and liabilities at fair value on a nonrecurring basis as required by accounting principles generally accepted in the United States. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges. The gains or losses on assets measured at fair value on a nonrecurring basis are summarized in the table below (in millions): Gains (Losses) December 31, 2015 2014 Assets held for sale 1 $ (980 ) $ (494 ) Intangible assets (473 ) 2 (18 ) 2 Investment in formerly unconsolidated subsidiary (19 ) 3 — Valuation of shares in equity method investee (6 ) 4 (32 ) 4 Total $ (1,478 ) $ (544 ) 1 The Company is required to record assets and liabilities that are held for sale at the lower of carrying value or fair value less any costs to sell based on the agreed-upon sale price. These charges primarily related to refranchising activities in North America. The charges were calculated based on Level 3 inputs. Refer to Note 2. 2 The Company recognized losses of $473 million and $18 million during the years ended December 31, 2015 and 2014 , respectively, due to impairment charges on certain intangible assets. The charges incurred during 2015 included $418 million of impairment charges primarily due to the discontinuation of the energy products in the glacéau portfolio as a result of the Monster Transaction and a $55 million impairment charge on a Venezuelan trademark. The charges were determined by comparing the fair value of the assets to the current carrying value. The fair value of the assets was derived using discounted cash flow analyses based on Level 3 inputs. Refer to Note 1, Note 2 and Note 17. 3 The Company recognized a loss of $19 million on our previously held investment in a South African bottler, which had been accounted for under the equity method of accounting prior to our acquisition of the bottler in February 2015. U.S. GAAP requires the acquirer to remeasure its previously held noncontrolling equity interest in the acquired entity to fair value as of the acquisition date and recognize any gains or losses in earnings. The Company remeasured our equity interest in the South African bottler based on Level 3 inputs. Refer to Note 2. 4 In 2014, the Company recognized an estimated loss of $32 million as a result of the owners of the majority interest in a Brazilian bottling entity exercising their option to acquire from us a 10 percent interest in the entity's outstanding shares. The exercise price was lower than our carrying value. The transaction closed in January 2015, and the Company recorded an additional loss of $6 million during the year ended December 31, 2015 , calculated based on the final option price. These losses were determined using Level 3 inputs. Refer to Note 2 and Note 17. Fair Value Measurements for Pension and Other Postretirement Benefit Plans The fair value hierarchy discussed above is not only applicable to assets and liabilities that are included in our consolidated balance sheets but is also applied to certain other assets that indirectly impact our consolidated financial statements. For example, our Company sponsors and/or contributes to a number of pension and other postretirement benefit plans. Assets contributed by the Company become the property of the individual plans. Even though the Company no longer has control over these assets, we are indirectly impacted by subsequent fair value adjustments to these assets. The actual return on these assets impacts the Company's future net periodic benefit cost, as well as amounts recognized in our consolidated balance sheets. Refer to Note 13 . The Company uses the fair value hierarchy to measure the fair value of assets held by our various pension and other postretirement benefit plans. Pension Plan Assets The following table summarizes the levels within the fair value hierarchy for our pension plan assets as of December 31, 2015 and 2014 (in millions): December 31, 2015 December 31, 2014 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 128 $ 148 $ — $ 276 $ 161 $ 100 $ — $ 261 Equity securities: U.S.-based companies 1,562 — 1 1,563 1,793 6 17 1,816 International-based companies 802 5 10 817 1,050 13 — 1,063 Fixed-income securities: Government bonds — 736 1 737 — 863 3 866 Corporate bonds and debt securities — 1,171 2 1,173 — 1,533 33 1,566 Mutual, pooled and commingled funds 77 1,046 — 1,123 98 1,134 31 1,263 Hedge funds/limited partnerships — 205 559 764 — 215 584 799 Real estate — — 464 464 — 16 392 408 Other — 15 757 1 772 — 14 846 1 860 Total $ 2,569 $ 3,326 $ 1,794 $ 7,689 $ 3,102 $ 3,894 $ 1,906 $ 8,902 1 Includes purchased annuity contracts and insurance-linked securities. The following table provides a reconciliation of the beginning and ending balance of Level 3 assets for our U.S. and non-U.S. pension plans for the years ended December 31, 2015 and 2014 (in millions): Fixed-Income Securities Hedge Funds/Limited Partnerships Real Estate Equity Securities Mutual, Pooled and Commingled Funds Other Total 2014 Balance at beginning of year $ 89 $ 353 $ 251 $ 15 $ — $ 584 $ 1,292 Actual return on plan assets: Related to assets still held at the reporting date 17 (17 ) 29 1 — 50 80 Related to assets sold during the year (2 ) 42 7 — — — 47 Purchases, sales and settlements — net (41 ) 198 106 1 31 241 536 Transfers in or out of Level 3 — net (27 ) 9 — — — — (18 ) Foreign currency translation — (1 ) (1 ) — — (29 ) (31 ) Balance at end of year $ 36 $ 584 $ 392 $ 17 $ 31 $ 846 1 $ 1,906 2015 Balance at beginning of year $ 36 $ 584 $ 392 $ 17 $ 31 $ 846 $ 1,906 Actual return on plan assets: Related to assets still held at the reporting date 1 (14 ) 32 (6 ) — 42 55 Related to assets sold during the year (4 ) 45 6 — — — 47 Purchases, sales and settlements — net (6 ) (74 ) 32 — (2 ) (76 ) 2 (126 ) Transfers in or out of Level 3 — net (24 ) 21 2 — (29 ) (3 ) (33 ) Foreign currency translation — (3 ) — — — (52 ) (55 ) Balance at end of year $ 3 $ 559 $ 464 $ 11 $ — $ 757 1 $ 1,794 1 Includes purchased annuity contracts and insurance-linked securities. 2 Includes the transfer of assets associated with the Company's consolidated German bottling operations to assets held for sale and liabilities held for sale as of December 31, 2015. Refer to Note 2 for additional information. Other Postretirement Benefit Plan Assets The following table summarizes the levels within the fair value hierarchy for our other postretirement benefit plan assets as of December 31, 2015 and 2014 (in millions): December 31, 2015 December 31, 2014 Level 1 Level 2 Level 3 1 Total Level 1 Level 2 Level 3 1 Total Cash and cash equivalents $ 1 $ 7 $ — $ 8 $ 9 $ 1 $ — $ 10 Equity securities: U.S.-based companies 116 — — 116 114 — — 114 International-based companies 6 — — 6 7 — — 7 Fixed-income securities: Government bonds 77 3 — 80 76 3 — 79 Corporate bonds and debt securities — 8 — 8 — 9 — 9 Mutual, pooled and commingled funds 10 5 — 15 10 6 — 16 Hedge funds/limited partnerships — 1 4 5 — 1 4 5 Real estate — — 3 3 — — 3 3 Other — — 4 4 — — 3 3 Total $ 210 $ 24 $ 11 $ 245 $ 216 $ 20 $ 10 $ 246 1 Level 3 assets are not a significant portion of other postretirement benefit plan assets. Other Fair Value Disclosures The carrying amounts of cash and cash equivalents; short-term investments; receivables; accounts payable and accrued expenses; and loans and notes payable approximate their fair values because of the relatively short-term maturities of these financial instruments. The fair value of our long-term debt is estimated using Level 2 inputs based on quoted prices for those instruments. Where quoted prices are not available, fair value is estimated using discounted cash flows and market-based expectations for interest rates, credit risk and the contractual terms of the debt instruments. As of December 31, 2015 , the carrying amount and fair value of our long-term debt, including the current portion, were $31,084 million and $ 31,308 million , respectively. As of December 31, 2014 , the carrying amount and fair value of our long-term debt, including the current portion, were $22,615 million and $ 23,411 million , respectively.

SIGNIFICANT OPERATING AND NONOP

SIGNIFICANT OPERATING AND NONOPERATING ITEMS	12 Months Ended
	Dec. 31, 2015
Significant Operating and Nonoperating Items disclosure [Abstract]
SIGNIFICANT OPERATING AND NONOPERATING ITEMS	SIGNIFICANT OPERATING AND NONOPERATING ITEMS Other Operating Charges In 2015, the Company incurred other operating charges of $ 1,657 million . These charges primarily consisted of $ 691 million due to the Company's productivity and reinvestment program and $ 292 million due to the integration of our German bottling operations. In addition, the Company recorded impairment charges of $ 418 million primarily due to the discontinuation of the energy products in the glacéau portfolio as a result of the Monster Transaction and incurred a charge of $ 100 million due to a cash contribution we made to The Coca-Cola Foundation. The Company also incurred a charge of $ 111 million due to the write-down of receivables from our bottling partner in Venezuela and an impairment of a Venezuelan trademark primarily due to changes in exchange rates as a result of the establishment of the new open market exchange system. Refer to Note 18 for additional information on the Company's productivity, integration and restructuring initiatives. Refer to Note 2 for additional information on the Monster Transaction. Refer to Note 1 for additional information on the Venezuelan currency change. Refer to Note 19 for the impact these charges had on our operating segments. In 2014, the Company incurred other operating charges of $ 1,183 million . These charges primarily consisted of $601 million due to the Company's productivity and reinvestment program and $208 million due to the integration of our German bottling operations. In addition, the Company incurred a charge of $314 million due to a write-down we recorded related to receivables from our bottling partner in Venezuela and an impairment of a Venezuelan trademark primarily due to changes in exchange rates. The write-down was recorded as a result of limited government-approved exchange rate conversion mechanisms. The Company also recorded a loss of $36 million as a result of the restructuring and transition of the Company's Russian juice operations to an existing joint venture with an unconsolidated bottling partner. Refer to Note 18 for additional information on our productivity and reinvestment program as well as the Company's other productivity, integration and restructuring initiatives. Refer to Note 1 for additional information on the Venezuelan currency change. Refer to Note 19 for the impact these charges had on our operating segments. In 2013, the Company incurred other operating charges of $ 895 million , which primarily consisted of $494 million associated with the Company's productivity and reinvestment program; $195 million due to the impairment of certain intangible assets described below; $188 million due to the Company's other restructuring and integration initiatives; and $22 million due to charges associated with certain of the Company's fixed assets. Refer to Note 18 for additional information on our productivity and reinvestment program as well as the Company's other productivity, integration and restructuring initiatives. Refer to Note 19 for the impact these charges had on our operating segments. During the year ended December 31, 2013, the Company recorded charges of $195 million related to certain intangible assets. These charges included $113 million related to the impairment of trademarks recorded in our Bottling Investments and Asia Pacific operating segments. These impairments were primarily due to a strategic decision to phase out certain local-market value brands, which resulted in a change in the expected useful life of the intangible assets. The charges were determined by comparing the fair value of the trademarks, derived using discounted cash flow analyses, to the current carrying value. Additionally, the remaining charge of $82 million was related to goodwill recorded in our Bottling Investments operating segment. This charge was primarily the result of management's revised outlook on market conditions and volume performance. Other Nonoperating Items Interest Expense During the year ended December 31, 2015 , the Company recorded charges of $ 320 million due to the early extinguishment of certain long-term debt. These charges included the difference between the reacquisition price and the net carrying amount of the debt extinguished, including the impact of the related fair value hedging relationship. Refer to Note 10 for additional information and Note 19 for the impact this charge had on our operating segments. Equity Income (Loss) — Net The Company recorded net charges of $87 million , $ 18 million and $ 159 million in equity income (loss) — net during the years ended December 31, 2015 , 2014 and 2013 , respectively. These amounts primarily represent the Company's proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 19 for the impact these charges had on our operating segments. Other Income (Loss) — Net In 2015, the Company recorded a net gain of $ 1,403 million as a result of the Monster Transaction and charges of $ 1,006 million due to the refranchising of certain territories in North America. In addition, the Company recognized a foreign currency exchange gain of $ 300 million associated with our foreign-denominated debt partially offset by a charge of $ 27 million due to the remeasurement of the net monetary assets of our Venezuelan subsidiary using the SIMADI exchange rate. Refer to Note 2 for additional information related to the Monster Transaction and North America refranchising. Refer to Note 1 for additional information related to the charge due to the remeasurement in Venezuela. Refer to Note 19 for the impact these items had on our operating segments. In 2014, the Company recorded charges of $799 million due to the refranchising of certain territories in North America. The Company also incurred a charge of $ 372 million due to the remeasurement of the net monetary assets of our Venezuelan subsidiary using the SICAD 2 exchange rate. Refer to Note 2 for more information related to the North America refranchising, Note 1 for more information related to the charge due to the remeasurement in Venezuela and Note 19 for the impact these charges had on our operating segments. In 2013, the Company recorded a gain of $615 million due to the deconsolidation of our Brazilian bottling operations as a result of their combination with an independent bottling partner. Subsequent to this transaction, the Company accounts for our investment in the newly combined Brazilian bottling operations under the equity method of accounting. The owners of the majority interest received the option to acquire from us up to 24 percent of the new entity's outstanding shares at any time for a period of six years beginning December 31, 2013. In December 2014, the Company received notification that the owners of the majority interest had exercised their option to acquire from us a 10 percent interest in the entity's outstanding shares. During the year ended December 31, 2014, we recorded an estimated loss of $ 32 million as a result of the exercise price being lower than our carrying value. The transaction closed in January 2015, and the Company recorded an additional loss of $ 6 million during the year ended December 31, 2015, based on the final option price. Refer to Note 2 for additional information on this transaction. Refer to Note 19 for the impact these items had on our operating segments. Effective July 1, 2013, four of the Company's Japanese bottling partners merged as Coca-Cola East Japan Bottling Company, Ltd. ("CCEJ"), a publicly traded entity, through a share exchange. The terms of the agreement included the issuance of new shares of one of the publicly traded bottlers in exchange for 100 percent of the outstanding shares of the remaining three bottlers according to an agreed-upon share exchange ratio. As a result, the Company recorded a net charge of $114 million for those investments in which the Company's carrying value was greater than the fair value of the shares received. Refer to Note 19 for the impact this loss had on our operating segments. In 2013, the Company recorded a charge of $140 million due to the Venezuelan government announcing a currency devaluation. As a result of this devaluation, the Company remeasured the net monetary assets related to its operations in Venezuela. Refer to Note 19 for the impact this charge had on our operating segments. The Company also recognized a gain of $139 million due to Coca-Cola FEMSA issuing additional shares of its own stock at a per share amount greater than the carrying value of the Company's per share investment. Accordingly, the Company is required to treat this type of transaction as if the Company sold a proportionate share of its investment in Coca-Cola FEMSA. Refer to Note 16 for additional information on the measurement of the gain and Note 19 for the impact this gain had on our operating segments.

PRODUCTIVITY, INTEGRATION AND R

PRODUCTIVITY, INTEGRATION AND RESTRUCTURING INITIATIVES	12 Months Ended
	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
PRODUCTIVITY, INTEGRATION AND RESTRUCTURING INITIATIVES	PRODUCTIVITY, INTEGRATION AND RESTRUCTURING INITIATIVES Productivity and Reinvestment In February 2012, the Company announced a four-year productivity and reinvestment program designed to further enable our efforts to strengthen our brands and reinvest our resources to drive long-term profitable growth. This program is focused on the following initiatives: global supply chain optimization; global marketing and innovation effectiveness; operating expense leverage and operational excellence; data and information technology systems standardization; and the integration of Old CCE's North American bottling operations. In February 2014, the Company announced the expansion of our productivity and reinvestment program to drive incremental productivity by 2016 that will primarily be redirected into increased media investments. Our incremental productivity goal consists of two relatively equal components. First, we will expand savings through global supply chain optimization, data and information technology systems standardization, and resource and cost reallocation. Second, we will increase the effectiveness of our marketing investments by transforming our marketing and commercial model to redeploy resources into more consumer-facing marketing investments to accelerate growth. In October 2014, the Company announced that we were further expanding our productivity and reinvestment program and extending it through 2019. The expansion of the productivity initiatives will focus on four key areas: restructuring the Company's global supply chain, including manufacturing in North America; implementing zero-based work, an evolution of zero-based budget principles, across the organization; streamlining and simplifying the Company's operating model; and further driving increased discipline and efficiency in direct marketing investments. The Company has incurred total pretax expenses of $2,056 million related to this program since it commenced. These expenses were recorded in the line item other operating charges in our consolidated statement of income. Refer to Note 19 for the impact these charges had on our operating segments. Outside services reported in the table below primarily relate to expenses in connection with legal, outplacement and consulting activities. Other direct costs reported in the table below include, among other items, internal and external costs associated with the development, communication, administration and implementation of these initiatives; accelerated depreciation on certain fixed assets; contract termination fees; and relocation costs. The following table summarizes the balance of accrued expenses related to these productivity and reinvestment initiatives and the changes in the accrued amounts since the commencement of the plan (in millions): Severance Pay and Benefits Outside Services Other Direct Costs Total 2013 Accrued balance as of January 1 $ 12 $ 6 $ 8 $ 26 Costs incurred 188 59 247 494 Payments (113 ) (59 ) (209 ) (381 ) Noncash and exchange 1 — (28 ) (27 ) Accrued balance as of December 31 $ 88 $ 6 $ 18 $ 112 2014 Costs incurred $ 277 $ 77 $ 247 $ 601 Payments (103 ) (79 ) (220 ) (402 ) Noncash and exchange (2 ) — (24 ) (26 ) Accrued balance as of December 31 $ 260 $ 4 $ 21 $ 285 2015 Costs incurred $ 269 $ 56 $ 366 $ 691 Payments (200 ) (47 ) (265 ) (512 ) Noncash and exchange (185 ) 1 (5 ) (70 ) (260 ) Accrued balance as of December 31 $ 144 $ 8 $ 52 $ 204 1 Includes pension settlement charges. Refer to Note 13. Integration Initiatives Integration of Our German Bottling Operations In 2008, the Company began an integration initiative related to our German bottling operations acquired in 2007. The Company incurred $ 292 million , $ 208 million and $ 187 million of expenses related to this initiative in 2015 , 2014 and 2013 , respectively, and has incurred total pretax expenses of $ 1,127 million related to this initiative since it commenced. These expenses were recorded in the line item other operating charges in our consolidated statements of income and impacted the Bottling Investments operating segment. The expenses recorded in connection with these integration activities have been primarily due to involuntary terminations. The Company had $ 122 million and $ 101 million accrued related to these integration costs as of December 31, 2015 and 2014 , respectively. The Company is currently reviewing other restructuring opportunities within the German bottling operations, which if implemented will result in additional charges in future periods. However, as of December 31, 2015 , the Company had not finalized any additional plans.

OPERATING SEGMENTS

OPERATING SEGMENTS	12 Months Ended
	Dec. 31, 2015
Operations, Reportable Information, by Operating Segment
OPERATING SEGMENTS	OPERATING SEGMENTS As of December 31, 2015 , our organizational structure consisted of the following operating segments: Eurasia and Africa; Europe; Latin America; North America; Asia Pacific; Bottling Investments; and Corporate. Segment Products and Services The business of our Company is nonalcoholic beverages. With the exception of North America, our geographic operating segments (Eurasia and Africa; Europe; Latin America; North America; and Asia Pacific) derive a majority of their revenues from the manufacture and sale of beverage concentrates and syrups and, in some cases, the sale of finished beverages. The North America operating segment derives the majority of its revenues from the sale of finished beverages. Our Bottling Investments operating segment is composed of our Company-owned or consolidated bottling operations outside of North America, regardless of the geographic location of the bottler, and equity income from the majority of our equity method investments. Company-owned or consolidated bottling operations derive the majority of their revenues from the sale of finished beverages. Generally, finished product operations produce higher net operating revenues but lower gross profit margins compared to concentrate operations. The following table sets forth the percentage of total net operating revenues related to concentrate operations and finished product operations: Year Ended December 31, 2015 2014 2013 Concentrate operations 1 37 % 38 % 38 % Finished product operations 2 63 62 62 Total 100 % 100 % 100 % 1 Includes concentrates sold by the Company to authorized bottling partners for the manufacture of fountain syrups. The bottlers then typically sell the fountain syrups to wholesalers or directly to fountain retailers. 2 Includes fountain syrups manufactured by the Company, including consolidated bottling operations, and sold to fountain retailers or to authorized fountain wholesalers or bottling partners who resell the fountain syrups to fountain retailers. Method of Determining Segment Income or Loss Management evaluates the performance of our operating segments separately to individually monitor the different factors affecting financial performance. Our Company manages income taxes and certain treasury-related items, such as interest income and expense, on a global basis within the Corporate operating segment. We evaluate segment performance based on income or loss before income taxes. Geographic Data The following table provides information related to our net operating revenues (in millions): Year Ended December 31, 2015 2014 2013 United States $ 20,360 $ 19,763 $ 19,820 International 23,934 26,235 27,034 Net operating revenues $ 44,294 $ 45,998 $ 46,854 The following table provides information related to our property, plant and equipment — net (in millions): Year Ended December 31, 2015 2014 2013 United States $ 8,266 $ 8,683 $ 8,841 International 4,305 5,950 6,126 Property, plant and equipment — net $ 12,571 $ 14,633 $ 14,967 Information about our Company's operations by operating segment as of and for the years ended December 31, 2015 , 2014 and 2013 , is as follows (in millions): Eurasia & Africa Europe Latin America North America Asia Pacific Bottling Investments Corporate Eliminations Consolidated 2015 Net operating revenues: Third party $ 2,423 $ 4,543 $ 3,999 $ 21,784 $ 4,707 $ 6,682 $ 156 $ — $ 44,294 Intersegment 36 585 75 18 545 49 10 (1,318 ) — Total net revenues 2,459 5,128 4,074 21,802 5,252 6,731 166 (1,318 ) 44,294 Operating income (loss) 987 2,888 2,169 2,490 2,189 — (1,995 ) — 8,728 Interest income — — — 9 — — 604 — 613 Interest expense — — — — — — 856 — 856 Depreciation and amortization 44 59 41 1,217 85 367 157 — 1,970 Equity income (loss) — net 14 25 (7 ) (17 ) 9 425 40 — 489 Income (loss) before income taxes 1,004 2,919 2,164 1,475 2,207 454 (618 ) — 9,605 Identifiable operating assets 1 1,148 3,008 2 1,627 32,042 1,639 7,042 2 27,799 — 74,305 Investments 3 1,061 77 657 118 158 8,073 5,644 — 15,788 Capital expenditures 19 35 70 1,341 81 735 272 — 2,553 2014 Net operating revenues: Third party $ 2,730 $ 4,844 $ 4,597 $ 21,462 $ 5,257 $ 6,972 $ 136 $ — $ 45,998 Intersegment — 692 60 17 489 67 — (1,325 ) — Total net revenues 2,730 5,536 4,657 21,479 5,746 7,039 136 (1,325 ) 45,998 Operating income (loss) 1,084 2,852 2,316 2,447 2,448 9 (1,448 ) — 9,708 Interest income — — — — — — 594 — 594 Interest expense — — — — — — 483 — 483 Depreciation and amortization 47 75 56 1,195 96 315 192 — 1,976 Equity income (loss) — net 35 31 10 (16 ) 12 691 6 — 769 Income (loss) before income taxes 1,125 2,892 2,319 1,633 2,464 715 (1,823 ) — 9,325 Identifiable operating assets 1 1,298 3,358 2 2,426 33,066 1,793 6,975 2 29,482 — 78,398 Investments 3 1,081 90 757 48 157 8,781 2,711 — 13,625 Capital expenditures 30 54 55 1,293 76 628 270 — 2,406 2013 Net operating revenues: Third party $ 2,763 $ 4,645 $ 4,748 $ 21,574 $ 5,372 $ 7,598 $ 154 $ — $ 46,854 Intersegment — 689 191 16 497 78 — (1,471 ) — Total net revenues 2,763 5,334 4,939 21,590 5,869 7,676 154 (1,471 ) 46,854 Operating income (loss) 1,087 2,859 2,908 2,432 2,478 115 (1,651 ) — 10,228 Interest income — — — — — — 534 — 534 Interest expense — — — — — — 463 — 463 Depreciation and amortization 42 86 58 1,192 130 335 134 — 1,977 Equity income (loss) — net 22 24 13 2 19 524 (2 ) — 602 Income (loss) before income taxes 1,109 2,923 2,920 2,434 2,494 679 (1,082 ) — 11,477 Identifiable operating assets 1 1,273 3,713 2 2,918 33,964 1,922 7,011 2 27,742 — 78,543 Investments 3 1,157 106 545 49 143 9,424 88 — 11,512 Capital expenditures 40 34 63 1,374 117 643 279 — 2,550 1 Principally cash and cash equivalents, short-term investments, marketable securities, trade accounts receivable, inventories, goodwill, trademarks and other intangible assets, and property, plant and equipment — net. 2 Property, plant and equipment — net in Germany represented 10 percent of consolidated property, plant and equipment — net in 2015 , 10 percent in 2014 and 11 percent in 2013 . The 2015 amount includes property, plant and equipment — net classified as held for sale. 3 Principally equity method investments and other investments in bottling companies. In 2015 , the results of our operating segments were impacted by the following items: • Operating income (loss) and income (loss) before income taxes were reduced by $ 16 million for Eurasia and Africa, $ 7 million for Latin America, $ 384 million for North America, $ 2 million for Asia Pacific, $ 353 million for Bottling Investments and $ 246 million for Corporate due to the Company's productivity and reinvestment program as well as other restructuring initiatives. Operating income (loss) and income (loss) before income taxes were increased by $ 25 million for Europe due to the refinement of previously established accruals related to the Company's productivity and reinvestment program. Refer to Note 18 . • Operating income (loss) and income (loss) before income taxes were reduced by $418 million for Corporate primarily due to an impairment charge primarily related to the discontinuation of the energy products in the glacéau portfolio as a result of the Monster Transaction. Refer to Note 2 and Note 17 . • Operating income (loss) and income (loss) before income taxes were reduced by $100 million for Corporate as a result of a cash contribution to The Coca-Cola Foundation. Refer to Note 17 . • Income (loss) before income taxes was increased by $1,403 million for Corporate as a result of the Monster Transaction. Refer to Note 2 and Note 17 . • Income (loss) before income taxes was reduced by $1,006 million for North America due to the refranchising of certain territories in North America. Refer to Note 2 and Note 17 . • Income (loss) before income taxes was reduced by $320 million for Corporate due to charges the Company recognized on the early extinguishment of certain long-term debt. Refer to Note 10 and Note 17 . • Income (loss) before income taxes was reduced by $33 million for Latin America and $105 million for Corporate due to the remeasurement of the net monetary assets of our local Venezuelan subsidiary into U.S. dollars using the SIMADI exchange rate, an impairment of a Venezuelan trademark, and a write-down the Company recorded on receivables from our bottling partner in Venezuela. Refer to Note 1 and Note 17 . • Income (loss) before income taxes was reduced by $19 million for Corporate as a result of the remeasurement of our previously held equity interest in a South African bottler to fair value upon our acquisition of the bottling operations. Refer to Note 2. • Income (loss) before income taxes was reduced by $6 million for Corporate as a result of a Brazilian bottling entity's majority interest owners exercising their option to acquire from us an additional equity interest at an exercise price less than that of our carrying value. Refer to Note 2 and Note 17 . • Income (loss) before income taxes was increased by $ 3 million for Eurasia and Africa and reduced by $7 million for Europe and $83 million for Bottling Investments due to the Company's proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 17 . In 2014 , the results of our operating segments were impacted by the following items: • Operating income (loss) and income (loss) before income taxes were reduced by $ 26 million for Eurasia and Africa, $ 111 million for Europe, $20 million for Latin America, $ 281 million for North America, $ 36 million for Asia Pacific, $ 211 million for Bottling Investments and $ 124 million for Corporate due to charges related to the Company's productivity and reinvestment program as well as other restructuring initiatives. Refer to Note 18 . • Operating income (loss) and income (loss) before income taxes were reduced by $42 million for Bottling Investments as a result of the restructuring and transition of the Company's Russian juice operations to an existing joint venture with an unconsolidated bottling partner. Refer to Note 17 . • Income (loss) before income taxes was reduced by $2 million for Europe and $16 million for Bottling Investments due to the Company's proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 17 . • Income (loss) before income taxes was reduced by $799 million for North America due to the refranchising of certain territories. Refer to Note 2 and Note 17 . • Income (loss) before income taxes was reduced by $275 million for Latin America and $411 million for Corporate due to the remeasurement of the net monetary assets of our local Venezuelan subsidiary into U.S. dollars using the SICAD 2 exchange rate, an impairment of a Venezuelan trademark, and a write-down the Company recorded on the concentrate sales receivables from our bottling partner in Venezuela. Refer to Note 1 and Note 17 . • Income (loss) before income taxes was increased by $25 million for Bottling Investments due to the elimination of intercompany profits resulting from a write-down we recorded on the concentrate sales receivables from our bottling partner in Venezuela, an equity method investee, partially offset by our proportionate share of their remeasurement loss. Refer to Note 1 . • Income (loss) before income taxes was reduced by $32 million for Corporate as a result of a Brazilian bottling entity's majority interest owners exercising their option to acquire from us an additional equity interest at an exercise price less than that of our carrying value. Refer to Note 2 and Note 17 . In 2013 , the results of our operating segments were impacted by the following items: • Operating income (loss) and income (loss) before income taxes were reduced by $2 million for Eurasia and Africa, $57 million for Europe, $282 million for North America, $26 million for Asia Pacific, $194 million for Bottling Investments and $121 million for Corporate due to charges related to the Company's productivity and reinvestment program as well as other restructuring initiatives. Refer to Note 18 . • Operating income (loss) and income (loss) before income taxes were reduced by $195 million for Corporate due to impairment charges recorded on certain of the Company's intangible assets. Refer to Note 17 . • Operating income (loss) and income (loss) before income taxes were reduced by $22 million for Asia Pacific due to charges associated with certain of the Company's fixed assets. Refer to Note 17 . • Income (loss) before income taxes was increased by $615 million for Corporate due to a gain the Company recognized on the deconsolidation of our Brazilian bottling operations as a result of their combination with an independent bottling partner. Refer to Note 17 . • Income (loss) before income taxes was reduced by $9 million for Bottling Investments and $140 million for Corporate due to the devaluation of the Venezuelan bolivar, including our proportionate share of the charge incurred by an equity method investee that has operations in Venezuela. Refer to Note 1 and Note 17 . • Income (loss) before income taxes was reduced by a net $114 million for Corporate due to the merger of four of the Company's Japanese bottling partners in which we held equity method investments prior to their merger into CCEJ. Refer to Note 17 . • Income (loss) before income taxes was increased by $139 million for Corporate due to a gain the Company recognized as a result of Coca-Cola FEMSA issuing additional shares of its own stock during the year at a per share amount greater than the carrying value of the Company's per share investment. Refer to Note 17 . • Income (loss) before income taxes was reduced by a net $159 million for Bottling Investments due to the Company’s proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 17 . • Income (loss) before income taxes was reduced by $53 million for Corporate due to charges the Company recognized on the early extinguishment of certain long-term debt, including the hedge accounting adjustments reclassified from accumulated other comprehensive income to earnings. Refer to Note 10.

NET CHANGE IN OPERATING ASSETS

NET CHANGE IN OPERATING ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2015
NET CHANGE IN OPERATING ASSETS AND LIABILITIES DISCLOSURE [Abstract]
NET CHANGE IN OPERATING ASSETS AND LIABILITIES	NET CHANGE IN OPERATING ASSETS AND LIABILITIES Net cash provided by (used in) operating activities attributable to the net change in operating assets and liabilities is composed of the following (in millions): Year Ended December 31, 2015 2014 2013 (Increase) decrease in trade accounts receivable $ (212 ) $ (253 ) $ 28 (Increase) decrease in inventories (250 ) 35 (105 ) (Increase) decrease in prepaid expenses and other assets 123 194 (163 ) Increase (decrease) in accounts payable and accrued expenses 1,004 (250 ) (158 ) Increase (decrease) in accrued taxes (306 ) 151 22 Increase (decrease) in other liabilities (516 ) (316 ) (556 ) Net change in operating assets and liabilities $ (157 ) $ (439 ) $ (932 )

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Event [Text Block]	SUBSEQUENT EVENT In February 2016, additional territories in North America met the criteria to be classified as held for sale. Therefore, we are required to record the related assets and liabilities at the lower of carrying value or fair value less any costs to sell based on the estimated sale price, which will result in a noncash loss of $296 million in 2016. This loss is primarily related to the write-down of intangible assets due to the accounting treatment for the contingent consideration that will be received in exchange for the grant of the exclusive territory rights. The Company expects these territories to be refranchised at various times throughout 2016. Refer to Note 2 for additional information about North America refranchising. The following table presents information related to the major classes of assets and liabilities related to these additional territories, which were included in the North America operating segment (in millions): Inventories $ 4 Prepaid expenses and other assets 1 Property, plant and equipment — net 62 Bottlers' franchise rights with indefinite lives 273 Goodwill 10 Other intangible assets 13 Allowance for reduction of assets held for sale (296 ) Total assets $ 67 Accounts payable and accrued expenses $ 1 Other liabilities 1 Deferred income taxes 19 Total liabilities $ 21

BUSINESS AND SUMMARY OF SIGNI30

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation Our Company consolidates all entities that we control by ownership of a majority voting interest as well as VIEs for which our Company is the primary beneficiary. Generally, we consolidate only business enterprises that we control by ownership of a majority voting interest. However, there are situations in which consolidation is required even though the usual condition of consolidation (ownership of a majority voting interest) does not apply. Generally, this occurs when an entity holds an interest in another business enterprise that was achieved through arrangements that do not involve voting interests, which results in a disproportionate relationship between such entity's voting interests in, and its exposure to the economic risks and potential rewards of, the other business enterprise. This disproportionate relationship results in what is known as a variable interest, and the entity in which we have the variable interest is referred to as a "VIE." An enterprise must consolidate a VIE if it is determined to be the primary beneficiary of the VIE. The primary beneficiary has both (1) the power to direct the activities of the VIE that most significantly impact the entity's economic performance, and (2) the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. Our Company holds interests in certain VIEs, primarily bottling and container manufacturing operations, for which we were not determined to be the primary beneficiary. Our variable interests in these VIEs primarily relate to profit guarantees or subordinated financial support. Refer to Note 11 . Although these financial arrangements resulted in our holding variable interests in these entities, they did not empower us to direct the activities of the VIEs that most significantly impact the VIEs' economic performance. Our Company's investments, plus any loans and guarantees, related to these VIEs totaled $ 2,687 million and $ 2,274 million as of December 31, 2015 and 2014 , respectively, representing our maximum exposures to loss. The Company's investments, plus any loans and guarantees, related to these VIEs were not significant to the Company's consolidated financial statements. In addition, our Company holds interests in certain VIEs, primarily bottling and container manufacturing operations, for which we were determined to be the primary beneficiary. As a result, we have consolidated these entities. Our Company's investments, plus any loans and guarantees, related to these VIEs totaled $ 221 million and $ 266 million as of December 31, 2015 and 2014 , respectively, representing our maximum exposures to loss. The assets and liabilities of VIEs for which we are the primary beneficiary were not significant to the Company's consolidated financial statements. Creditors of our VIEs do not have recourse against the general credit of the Company, regardless of whether they are accounted for as consolidated entities.
Assets and Liabilities Held for Sale	Assets and Liabilities Held for Sale Our Company classifies long-lived assets or disposal groups to be sold as held for sale in the period in which all of the following criteria are met: management, having the authority to approve the action, commits to a plan to sell the asset or disposal group; the asset or disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets or disposal groups; an active program to locate a buyer and other actions required to complete the plan to sell the asset or disposal group have been initiated; the sale of the asset or disposal group is probable, and transfer of the asset or disposal group is expected to qualify for recognition as a completed sale within one year, except if events or circumstances beyond our control extend the period of time required to sell the asset or disposal group beyond one year; the asset or disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. We initially measure a long-lived asset or disposal group that is classified as held for sale at the lower of its carrying value or fair value less any costs to sell. Any loss resulting from this measurement is recognized in the period in which the held-for-sale criteria are met. Conversely, gains are not recognized on the sale of a long-lived asset or disposal group until the date of sale. We assess the fair value of a long-lived asset or disposal group less any costs to sell each reporting period it remains classified as held for sale and report any subsequent changes as an adjustment to the carrying value of the asset or disposal group, as long as the new carrying value does not exceed the carrying value of the asset at the time it was initially classified as held for sale. Upon determining that a long-lived asset or disposal group meets the criteria to be classified as held for sale, the Company ceases depreciation and reports long-lived assets and/or the assets and liabilities of the disposal group, if material, in the line items assets held for sale and liabilities held for sale, respectively, in our consolidated balance sheet. Refer to Note 2.
Revenue Recognition	Revenue Recognition Our Company recognizes revenue when persuasive evidence of an arrangement exists, delivery of products has occurred, the sales price charged is fixed or determinable, and collectibility is reasonably assured. For our Company, this generally means that we recognize revenue when title to our products is transferred to our bottling partners, resellers or other customers. In particular, title usually transfers upon shipment to or receipt at our customers' locations, as determined by the specific sales terms of the transactions. Our sales terms do not allow for a right of return except for matters related to any manufacturing defects on our part.
Deductions from Revenue	Deductions from Revenue Our customers can earn certain incentives including, but not limited to, cash discounts, funds for promotional and marketing activities, volume-based incentive programs and support for infrastructure programs. The costs associated with these incentives are included in deductions from revenue, a component of net operating revenues in our consolidated statements of income. For customer incentives that must be earned, management must make estimates related to the contractual terms, customer performance and sales volume to determine the total amounts earned and to be recorded in deductions from revenue. In making these estimates, management considers past results. The actual amounts ultimately paid may be different from our estimates. In some situations, the Company may determine it to be advantageous to make advance payments to specific customers to fund certain marketing activities intended to generate profitable volume and/or invest in infrastructure programs with our bottlers that are directed at strengthening our bottling system and increasing unit case volume. The Company also makes advance payments to certain customers for distribution rights. The advance payments made to customers are initially capitalized and included in our consolidated balance sheets in prepaid expenses and other assets and noncurrent other assets, depending on the duration of the agreements. The assets are amortized over the applicable periods and included in deductions from revenue. The duration of these agreements typically range up to 10 years. Amortization expense for infrastructure programs was $ 61 million , $ 72 million and $ 69 million in 2015 , 2014 and 2013 , respectively. The aggregate deductions from revenue recorded by the Company in relation to these programs, including amortization expense on infrastructure programs, were $ 6.8 billion , $ 7.0 billion and $ 6.9 billion in 2015 , 2014 and 2013 , respectively.
Advertising Costs	Advertising Costs Our Company expenses production costs of print, radio, television and other advertisements as of the first date the advertisements take place. All other marketing expenditures are expensed in the annual period in which the expenditure is incurred. Advertising costs included in the line item selling, general and administrative expenses in our consolidated statements of income were $ 4.0 billion , $ 3.5 billion and $ 3.3 billion in 2015 , 2014 and 2013 , respectively. As of December 31, 2015 and 2014 , advertising and production costs of $ 207 million and $ 228 million , respectively, were primarily recorded in the line item prepaid expenses and other assets in our consolidated balance sheets. For interim reporting purposes, we allocate our estimated full year marketing expenditures that benefit multiple interim periods to each of our interim reporting periods. We use the proportion of each interim period's actual unit case volume to the estimated full year unit case volume as the basis for the allocation. This methodology results in our marketing expenditures being recognized at a standard rate per unit case. At the end of each interim reporting period, we review our estimated full year unit case volume and our estimated full year marketing expenditures in order to evaluate if a change in estimate is necessary. The impact of any changes in these full year estimates is recognized in the interim period in which the change in estimate occurs. Our full year marketing expenditures are not impacted by this interim accounting policy.
Shipping and Handling Costs	Shipping and Handling Costs Shipping and handling costs related to the movement of finished goods from manufacturing locations to our sales distribution centers are included in the line item cost of goods sold in our consolidated statements of income. Shipping and handling costs incurred to move finished goods from our sales distribution centers to customer locations are included in the line item selling, general and administrative expenses in our consolidated statements of income. During the years ended December 31, 2015 , 2014 and 2013 , the Company recorded shipping and handling costs of $ 2.5 billion , $ 2.7 billion and $2.7 billion , respectively, in the line item selling, general and administrative expenses. Our customers do not pay us separately for shipping and handling costs related to finished goods.
Net Income Per Share	Net Income Per Share Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted net income per share is computed similarly to basic net income per share, except that it includes the potential dilution that could occur if dilutive securities were exercised. Approximately 27 million , 38 million and 28 million stock option awards were excluded from the computations of diluted net income per share in 2015 , 2014 and 2013 , respectively, because the awards would have been antidilutive for the years presented.
Cash Equivalents	Cash Equivalents We classify time deposits and other investments that are highly liquid and have maturities of three months or less at the date of purchase as cash equivalents. We manage our exposure to counterparty credit risk through specific minimum credit standards, diversification of counterparties and procedures to monitor our credit risk concentrations.
Short-Term Investments	Short-Term Investments We classify time deposits and other investments that have maturities of greater than three months but less than one year as short-term investments.
Investments in Equity and Debt Securities	Investments in Equity and Debt Securities We use the equity method to account for our investments in equity securities if our investment gives us the ability to exercise significant influence over operating and financial policies of the investee. We include our proportionate share of earnings and/or losses of our equity method investees in equity income (loss) — net in our consolidated statements of income. The carrying value of our equity investments is reported in equity method investments in our consolidated balance sheets. Refer to Note 6 . We account for investments in companies that we do not control or account for under the equity method either at fair value or under the cost method, as applicable. Investments in equity securities, other than investments accounted for under the equity method, are carried at fair value if the fair value of the security is readily determinable. Equity investments carried at fair value are classified as either trading or available-for-sale securities with their cost basis determined by the specific identification method. Realized and unrealized gains and losses on trading securities and realized gains and losses on available-for-sale securities are included in other income (loss) — net in our consolidated statements of income. Unrealized gains and losses, net of deferred taxes, on available-for-sale securities are included in our consolidated balance sheets as a component of accumulated other comprehensive income (loss) ("AOCI"), except for the change in fair value attributable to the currency risk being hedged, if applicable, which is included in other income (loss) — net in our consolidated statements of income. Trading securities are reported as either marketable securities or other assets in our consolidated balance sheets. Securities classified as available-for-sale are reported as either marketable securities, other investments or other assets in our consolidated balance sheets, depending on the length of time we intend to hold the investment. Refer to Note 3 . Investments in equity securities that we do not control or account for under the equity method and do not have readily determinable fair values for are accounted for under the cost method. Cost method investments are originally recorded at cost, and we record dividend income when applicable dividends are declared. Cost method investments are reported as other investments in our consolidated balance sheets, and dividend income from cost method investments is reported in the line item other income (loss) — net in our consolidated statements of income. Our investments in debt securities are carried at either amortized cost or fair value. Investments in debt securities that the Company has the positive intent and ability to hold to maturity are carried at amortized cost and classified as held-to-maturity. Investments in debt securities that are not classified as held-to-maturity are carried at fair value and classified as either trading or available-for-sale. Each reporting period we review all of our investments in equity and debt securities, except for those classified as trading, to determine whether a significant event or change in circumstances has occurred that may have an adverse effect on the fair value of each investment. When such events or changes occur, we evaluate the fair value compared to our cost basis in the investment. We also perform this evaluation every reporting period for each investment for which our cost basis exceeded the fair value. The fair values of most of our investments in publicly traded companies are often readily available based on quoted market prices. For investments in nonpublicly traded companies, management's assessment of fair value is based on valuation methodologies including discounted cash flows, estimates of sales proceeds, and appraisals, as appropriate. We consider the assumptions that we believe hypothetical marketplace participants would use in evaluating estimated future cash flows when employing the discounted cash flow or estimates of sales proceeds valuation methodologies. In the event the fair value of an investment declines below our cost basis, management is required to determine if the decline in fair value is other than temporary. If management determines the decline is other than temporary, an impairment charge is recorded. Management's assessment as to the nature of a decline in fair value is based on, among other things, the length of time and the extent to which the market value has been less than our cost basis; the financial condition and near-term prospects of the issuer; and our intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in market value.
Trade Accounts Receivable	Trade Accounts Receivable We record trade accounts receivable at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts to reflect any loss anticipated on the trade accounts receivable balances and charged to the provision for doubtful accounts. We calculate this allowance based on our history of write-offs, the level of past-due accounts based on the contractual terms of the receivables, and our relationships with, and the economic status of, our bottling partners and customers. We believe our exposure to concentrations of credit risk is limited due to the diverse geographic areas covered by our operations. Activity in the allowance for doubtful accounts was as follows (in millions): Year Ended December 31, 2015 2014 2013 Balance at beginning of year $ 331 $ 61 $ 53 Net charges to costs and expenses 1 45 308 30 Write-offs (10 ) (13 ) (14 ) Other 2 (14 ) (25 ) (8 ) Balance at end of year $ 352 $ 331 $ 61 1 The increase in 2014 was primarily related to concentrate sales receivables from our bottling partner in Venezuela. See Hyperinflationary Economies discussion below for additional information. 2 Other includes foreign currency translation and the impact of transferring certain assets to assets held for sale. See Note 2. A significant portion of our net operating revenues and corresponding accounts receivable is derived from sales of our products in international markets. Refer to Note 19 . We also generate a significant portion of our net operating revenues by selling concentrates and syrups to bottlers in which we have a noncontrolling interest, including Coca-Cola FEMSA, S.A.B. de C.V. ("Coca-Cola FEMSA"), Coca-Cola HBC AG ("Coca-Cola Hellenic"), and Coca-Cola İçecek A.Ş. ("Coca-Cola İçecek"). Refer to Note 6 .
Inventories	Inventories Inventories consist primarily of raw materials and packaging (which includes ingredients and supplies) and finished goods (which include concentrates and syrups in our concentrate operations and finished beverages in our finished product operations). Inventories are valued at the lower of cost or market. We determine cost on the basis of the average cost or first-in, first-out methods. Refer to Note 4 .
Derivative Instruments	Derivative Instruments Our Company, when deemed appropriate, uses derivatives as a risk management tool to mitigate the potential impact of certain market risks. The primary market risks managed by the Company through the use of derivative instruments are foreign currency exchange rate risk, commodity price risk and interest rate risk. All derivatives are carried at fair value in our consolidated balance sheets in the following line items, as applicable: prepaid expenses and other assets; other assets; accounts payable and accrued expenses; and other liabilities. The cash flow impact of the Company's derivative instruments is primarily included in our consolidated statements of cash flows in net cash provided by operating activities. Refer to Note 5 .
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost. Repair and maintenance costs that do not improve service potential or extend economic life are expensed as incurred. Depreciation is recorded principally by the straight-line method over the estimated useful lives of our assets, which are reviewed periodically and generally have the following ranges: buildings and improvements: 40 years or less; and machinery, equipment and vehicle fleet: 20 years or less. Land is not depreciated, and construction in progress is not depreciated until ready for service. Leasehold improvements are amortized using the straight-line method over the shorter of the remaining lease term, including renewals that are deemed to be reasonably assured, or the estimated useful life of the improvement. Depreciation is not recorded during the period in which a long-lived asset or disposal group is classified as held for sale, even if the asset or disposal group continues to generate revenue during the period. Depreciation expense, including the depreciation expense of assets under capital lease, totaled $ 1,735 million , $ 1,716 million and $ 1,727 million in 2015 , 2014 and 2013 , respectively. Amortization expense for leasehold improvements totaled $ 18 million , $ 20 million and $ 16 million in 2015 , 2014 and 2013 , respectively. Certain events or changes in circumstances may indicate that the recoverability of the carrying amount of property, plant and equipment should be assessed, including, among others, a significant decrease in market value, a significant change in the business climate in a particular market, or a current period operating or cash flow loss combined with historical losses or projected future losses. When such events or changes in circumstances are present, we estimate the future cash flows expected to result from the use of the asset or asset group and its eventual disposition. These estimated future cash flows are consistent with those we use in our internal planning. If the sum of the expected future cash flows (undiscounted and without interest charges) is less than the carrying amount, we recognize an impairment loss. The impairment loss recognized is the amount by which the carrying amount exceeds the fair value. We use a variety of methodologies to determine the fair value of property, plant and equipment, including appraisals and discounted cash flow models, which are consistent with the assumptions we believe hypothetical marketplace participants would use. Refer to Note 7 .
Goodwill, Trademarks and Other Intangible Assets	Goodwill, Trademarks and Other Intangible Assets We classify intangible assets into three categories: (1) intangible assets with definite lives subject to amortization, (2) intangible assets with indefinite lives not subject to amortization and (3) goodwill. We determine the useful lives of our identifiable intangible assets after considering the specific facts and circumstances related to each intangible asset. Factors we consider when determining useful lives include the contractual term of any agreement related to the asset, the historical performance of the asset, the Company's long-term strategy for using the asset, any laws or other local regulations which could impact the useful life of the asset, and other economic factors, including competition and specific market conditions. Intangible assets that are deemed to have definite lives are amortized, primarily on a straight-line basis, over their useful lives, generally ranging from 1 to 20 years. Refer to Note 8 . When facts and circumstances indicate that the carrying value of definite-lived intangible assets may not be recoverable, management assesses the recoverability of the carrying value by preparing estimates of sales volume and the resulting profit and cash flows. These estimated future cash flows are consistent with those we use in our internal planning. If the sum of the expected future cash flows (undiscounted and without interest charges) is less than the carrying amount, we recognize an impairment loss. The impairment loss recognized is the amount by which the carrying amount of the asset or asset group exceeds the fair value. We use a variety of methodologies to determine the fair value of these assets, including discounted cash flow models, which are consistent with the assumptions we believe hypothetical marketplace participants would use. We test intangible assets determined to have indefinite useful lives, including trademarks, franchise rights and goodwill, for impairment annually, or more frequently if events or circumstances indicate that assets might be impaired. Our Company performs these annual impairment reviews as of the first day of our third fiscal quarter. We use a variety of methodologies in conducting impairment assessments of indefinite-lived intangible assets, including, but not limited to, discounted cash flow models, which are based on the assumptions we believe hypothetical marketplace participants would use. For indefinite-lived intangible assets, other than goodwill, if the carrying amount exceeds the fair value, an impairment charge is recognized in an amount equal to that excess. The Company has the option to perform a qualitative assessment of indefinite-lived intangible assets, other than goodwill, prior to completing the impairment test described above. The Company must assess whether it is more likely than not that the fair value of the intangible asset is less than its carrying amount. If the Company concludes that this is the case, it must perform the testing described above. Otherwise, the Company does not need to perform any further assessment. During 2015 , the Company performed qualitative assessments on 25 percent of our indefinite-lived intangible assets balance. We perform impairment tests of goodwill at our reporting unit level, which is one level below our operating segments. Our operating segments are primarily based on geographic responsibility, which is consistent with the way management runs our business. Our operating segments are subdivided into smaller geographic regions or territories that we sometimes refer to as "business units." These business units are also our reporting units. The Bottling Investments operating segment includes all Company-owned or consolidated bottling operations, regardless of geographic location, except for bottling operations managed by CCR, which are included in our North America operating segment. Generally, each Company-owned or consolidated bottling operation within our Bottling Investments operating segment is its own reporting unit. Goodwill is assigned to the reporting unit or units that benefit from the synergies arising from each business combination. The goodwill impairment test consists of a two-step process, if necessary. The first step is to compare the fair value of a reporting unit to its carrying value, including goodwill. We typically use discounted cash flow models to determine the fair value of a reporting unit. The assumptions used in these models are consistent with those we believe hypothetical marketplace participants would use. If the fair value of the reporting unit is less than its carrying value, the second step of the impairment test must be performed in order to determine the amount of impairment loss, if any. The second step compares the implied fair value of the reporting unit's goodwill with the carrying amount of that goodwill. If the carrying amount of the reporting unit's goodwill exceeds its implied fair value, an impairment charge is recognized in an amount equal to that excess. The loss recognized cannot exceed the carrying amount of goodwill. The Company has the option to perform a qualitative assessment of goodwill prior to completing the two-step process described above to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill and other intangible assets. If the Company concludes that this is the case, it must perform the two-step process. Otherwise, the Company will forego the two-step process and does not need to perform any further testing. During 2015 , the Company performed qualitative assessments on 10 percent of our consolidated goodwill balance. Impairment charges related to intangible assets are generally recorded in the line item other operating charges or, to the extent they relate to equity method investees, in the line item equity income (loss) — net in our consolidated statements of income.
Contingencies	Contingencies Our Company is involved in various legal proceedings and tax matters. Due to their nature, such legal proceedings and tax matters involve inherent uncertainties including, but not limited to, court rulings, negotiations between affected parties and governmental actions. Management assesses the probability of loss for such contingencies and accrues a liability and/or discloses the relevant circumstances, as appropriate. Refer to Note 11 .
Stock-Based Compensation	Stock-Based Compensation Our Company sponsors equity plans that provide for the grant of awards including stock options, restricted stock units, restricted stock and performance share units. The fair value of our stock option grants is estimated on the grant date using a Black-Scholes-Merton option-pricing model. The Company recognizes compensation expense on a straight-line basis over the period the grant is earned by the employee, generally four years . The fair value of our restricted stock units, restricted stock and certain performance share units is the quoted market value of the Company's stock on the grant date less the present value of the expected dividends not received during the relevant holding period. For certain performance share units granted beginning in 2014, the Company includes a relative total shareowner return ("TSR") modifier to determine the number of shares earned at the end of the performance period. For these awards, the number of shares earned based on the certified achievement of the predefined performance criteria will be reduced or increased if total shareowner return over the performance period relative to a predefined compensation comparator group of companies falls outside of a defined range. The fair value of performance share units that include the TSR modifier is determined using a Monte Carlo valuation model. In the period it becomes probable that the minimum performance criteria specified in the performance share award plan will be achieved, we recognize expense for the proportionate share of the total fair value of the award related to the vesting period that has already lapsed. The remaining fair value of the award is expensed on a straight-line basis over the balance of the vesting period. In the event the Company determines it is no longer probable that we will achieve the minimum performance criteria specified in the plan, we reverse all of the previously recognized compensation expense in the period such a determination is made. Refer to Note 12 .
Pension and Other Postretirement Benefit Plans	Pension and Other Postretirement Benefit Plans Our Company sponsors and/or contributes to pension and postretirement health care and life insurance benefit plans covering substantially all U.S. employees. We also sponsor nonqualified, unfunded defined benefit pension plans for certain associates and participate in multi-employer pension plans in the United States. In addition, our Company and its subsidiaries have various pension plans and other forms of postretirement arrangements outside the United States. Refer to Note 13 .
Income Taxes	Income Taxes Income tax expense includes United States, state, local and international income taxes, plus a provision for U.S. taxes on undistributed earnings of foreign subsidiaries not deemed to be indefinitely reinvested. Deferred tax assets and liabilities are recognized for the tax consequences of temporary differences between the financial reporting basis and the tax basis of existing assets and liabilities. The tax rate used to determine the deferred tax assets and liabilities is the enacted tax rate for the year and manner in which the differences are expected to reverse. Valuation allowances are recorded to reduce deferred tax assets to the amount that will more likely than not be realized. The Company records taxes that are collected from customers and remitted to governmental authorities on a net basis in our consolidated statements of income. The Company is involved in various tax matters, with respect to some of which the outcome is uncertain. We establish reserves to remove some or all of the tax benefit of any of our tax positions at the time we determine that it becomes uncertain based upon one of the following conditions: (1) the tax position is not "more likely than not" to be sustained, (2) the tax position is "more likely than not" to be sustained, but for a lesser amount, or (3) the tax position is "more likely than not" to be sustained, but not in the financial period in which the tax position was originally taken. For purposes of evaluating whether or not a tax position is uncertain, (1) we presume the tax position will be examined by the relevant taxing authority that has full knowledge of all relevant information; (2) the technical merits of a tax position are derived from authorities such as legislation and statutes, legislative intent, regulations, rulings and case law and their applicability to the facts and circumstances of the tax position; and (3) each tax position is evaluated without consideration of the possibility of offset or aggregation with other tax positions taken. A number of years may elapse before a particular uncertain tax position is audited and finally resolved or when a tax assessment is raised. The number of years subject to tax assessments varies depending on the tax jurisdiction. The tax benefit that has been previously reserved because of a failure to meet the "more likely than not" recognition threshold would be recognized in our income tax expense in the first interim period when the uncertainty disappears under any one of the following conditions: (1) the tax position is "more likely than not" to be sustained, (2) the tax position, amount, and/or timing is ultimately settled through negotiation or litigation, or (3) the statute of limitations for the tax position has expired. Refer to Note 11 and Note 14 .
Translation and Remeasurement	Translation and Remeasurement We translate the assets and liabilities of our foreign subsidiaries from their respective functional currencies to U.S. dollars at the appropriate spot rates as of the balance sheet date. Generally, our foreign subsidiaries use the local currency as their functional currency. Changes in the carrying value of these assets and liabilities attributable to fluctuations in spot rates are recognized in foreign currency translation adjustment, a component of AOCI. Refer to Note 15 . Income statement accounts are translated using the monthly average exchange rates during the year. Monetary assets and liabilities denominated in a currency that is different from a reporting entity's functional currency must first be remeasured from the applicable currency to the legal entity's functional currency. The effect of this remeasurement process is recognized in the line item other income (loss) — net in our consolidated statements of income and is partially offset by the impact of our economic hedging program for certain exposures on our consolidated balance sheets. Refer to Note 5 .
Hyperinflationary Economies	Hyperinflationary Economies A hyperinflationary economy is one that has cumulative inflation of 100 percent or more over a three-year period. In accordance with U.S. GAAP, local subsidiaries in hyperinflationary economies are required to use the U.S. dollar as their functional currency and remeasure the monetary assets and liabilities not denominated in U.S. dollars using the rate applicable to conversion of a currency for purposes of dividend remittances. All exchange gains and losses resulting from remeasurement are recognized currently in income. Venezuela has been designated as a hyperinflationary economy. In February 2013, the Venezuelan government devalued its currency to an official rate of exchange ("official rate") of 6.3 bolivars per U.S. dollar. At that time, the Company remeasured the net monetary assets of our Venezuelan subsidiary at the official rate. As a result of the devaluation, we recognized a loss of $140 million from remeasurement in the line item other income (loss) — net in our consolidated statement of income. Beginning in the first quarter of 2014, the Venezuelan government recognized three legal exchange rates to convert bolivars to the U.S. dollar: (1) the official rate of 6.3 bolivars per U.S. dollar; (2) SICAD 1, which was available to foreign investments and designated industry sectors to exchange a limited volume of bolivars for U.S. dollars using a bid rate established at weekly auctions; and (3) SICAD 2, which applied to transactions that did not qualify for either the official rate or SICAD 1. As of March 28, 2014, the three legal exchange rates were 6.3 (official rate), 10.8 (SICAD 1) and 50.9 (SICAD 2). We determined that the SICAD 1 rate was the most appropriate rate to use for remeasurement given our circumstances and estimates of the applicable rate at which future transactions could be settled, including the payment of dividends. Therefore, as of March 28, 2014, we remeasured the net monetary assets of our Venezuelan subsidiary using an exchange rate of 10.8 bolivars per U.S. dollar, resulting in a charge of $226 million recorded in the line item other income (loss) — net in our consolidated statement of income. In December 2014, due to the continued lack of liquidity and increasing economic uncertainty, the Company reevaluated the rate that should be used to remeasure the monetary assets and liabilities of our Venezuelan subsidiary. As of December 31, 2014, we determined that the SICAD 2 rate of 50 bolivars per U.S. dollar was the most appropriate legally available rate and remeasured the net monetary assets of our Venezuelan subsidiary, resulting in a charge of $146 million recorded in the line item other income (loss) — net in our consolidated statement of income. In February 2015, the Venezuelan government merged SICAD 1 and SICAD 2 into a single mechanism called SICAD and introduced a new open market exchange rate system, SIMADI. As a result, management determined that the SIMADI rate was the most appropriate legally available rate and remeasured the net monetary assets of our Venezuelan subsidiary, resulting in a charge of $27 million recorded in the line item other income (loss) — net in our consolidated statement of income. In addition to the foreign currency exchange exposure related to our Venezuelan subsidiary's net monetary assets, we also sell concentrate to our bottling partner in Venezuela from outside the country. These sales are denominated in U.S. dollars. During the years ended December 31, 2015 and December 31, 2014 , as a result of the continued lack of liquidity and our revised assessment of the U.S. dollar value we expect to realize upon the conversion of Venezuelan bolivars into U.S. dollars by our bottling partner to pay our concentrate sales receivables, we recorded write-downs of $56 million and $296 million , respectively, recorded in the line item other operating charges in our consolidated statements of income. We also have certain U.S. dollar denominated intangible assets associated with products sold in Venezuela. As a result of the Company's revised expectations regarding the convertibility of the local currency, we recognized impairment charges of $55 million and $18 million , respectively, during the years ended December 31, 2015 and December 31, 2014 . These charges were recorded in the line item other operating charges in our consolidated statements of income. During the year ended December 31, 2015 , the Company continued to use the SIMADI rate to remeasure the net monetary assets of our Venezuelan subsidiary. As of December 31, 2015 , the combined value of the net monetary assets of our Venezuelan subsidiary, the receivables from our bottling partner in Venezuela and the intangible assets associated with products sold in Venezuela was $100 million . Included in this combined value is $ 15 million of cash and cash equivalents. Despite the additional currency conversion mechanisms, the Company's ability to pay dividends from Venezuela is still restricted due to the low volume of U.S. dollars available for conversion. In February 2016, the Venezuelan government devalued its currency and changed its official and most preferential exchange rate, which will continue to be used for purchases of certain essential goods, to 10 bolivars per U.S. dollar from 6.3 . The Venezuelan government announced it will reduce its three-tier system of exchange rates to two tiers by eliminating the SICAD rate. Additionally, the government announced that the SIMADI rate will be allowed to float freely beginning at a rate of 203 bolivars per U.S. dollar. As a result, the Company expects to continue to record losses on foreign currency exchange, may incur additional write-downs of receivables or impairment charges and will continue to record our proportionate share of any charges recorded by our equity method investee that has operations in Venezuela.

BUSINESS AND SUMMARY OF SIGNI31

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Activity in allowance for doubtful accounts	Activity in the allowance for doubtful accounts was as follows (in millions): Year Ended December 31, 2015 2014 2013 Balance at beginning of year $ 331 $ 61 $ 53 Net charges to costs and expenses 1 45 308 30 Write-offs (10 ) (13 ) (14 ) Other 2 (14 ) (25 ) (8 ) Balance at end of year $ 352 $ 331 $ 61 1 The increase in 2014 was primarily related to concentrate sales receivables from our bottling partner in Venezuela. See Hyperinflationary Economies discussion below for additional information. 2 Other includes foreign currency translation and the impact of transferring certain assets to assets held for sale. See Note 2.

ACQUISITIONS AND DIVESTITURES (

ACQUISITIONS AND DIVESTITURES (Tables)	12 Months Ended
	Dec. 31, 2015
Acquisitions and Divestitures Disclosure [
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	As such, we have allocated the total consideration transferred to the individual assets and business acquired based on a relative fair value basis, using the closing date fair values of each element, as follows (in millions): June 12, 2015 Equity investment in Monster $ 3,066 Expansion of distribution territories 1,035 Monster non-energy drink business 95 Total assets and business acquired $ 4,196
Disclosure of Assets and Liabilities Held-for-sale [Table Text Block]	The following table presents information related to the major classes of assets and liabilities that were classified as held for sale in our consolidated balance sheet (in millions): December 31, 2015 December 31, 2014 Cash, cash equivalents and short-term investments $ 143 $ 30 Trade accounts receivable, less allowances 485 100 Inventories 276 54 Prepaid expenses and other assets 83 7 Equity method investments 92 141 Other assets 25 3 Property, plant and equipment — net 2,021 303 Bottlers' franchise rights with indefinite lives 1,020 410 Trademarks — 43 Goodwill 333 46 Other intangible assets 115 36 Allowance for reduction of assets held for sale (693 ) (494 ) Total assets $ 3,900 1 $ 679 3 Accounts payable and accrued expenses $ 712 $ 48 Current maturities of long-term debt 12 — Accrued income taxes 4 — Long-term debt 74 — Other liabilities 79 6 Deferred income taxes 252 4 Total liabilities $ 1,133 2 $ 58 4 1 Consists of total assets relating to CCEP of $2,894 million , North America refranchising of $589 million , Coca-Cola Beverages Africa Limited of $398 million and other assets held for sale of $19 million , which are included in the Europe, North America, Eurasia and Africa, Bottling Investments and Corporate operating segments. 2 Consists of total liabilities relating to CCEP of $924 million , North America refranchising of $123 million and Coca-Cola Beverages Africa Limited of $86 million , which are included in the Europe, North America, Eurasia and Africa, and Bottling Investments operating segments. 3 Consists of total assets relating to North America refranchising of $223 million , Coca-Cola Beverages Africa Limited of $333 million , the Monster Transaction of $43 million and other assets held for sale of $80 million , which are included in the North America, Eurasia and Africa, Bottling Investments and Corporate operating segments. 4 Consists of total liabilities relating to North America refranchising of $22 million and Coca-Cola Beverages Africa Limited of $36 million , which are included in the North America, Eurasia and Africa, and Bottling Investments operating segments.

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Investments Disclosure [Abstract]
Schedule of trading securities	The Company's trading securities were included in the following line items in our consolidated balance sheets (in millions): December 31, 2015 2014 Marketable securities $ 229 $ 315 Other assets 93 94 Total trading securities $ 322 $ 409
Certain Debt and Marketable Equity Securities, Available-for-Sale And Held-To-Maturity Securities, Value and Maturities	As of December 31, 2015 and 2014 , the Company did not have any held-to-maturity securities. Available-for-sale securities consisted of the following (in millions): Gross Unrealized Estimated Fair Value Cost Gains Losses 2015 Available-for-sale securities: 1 Equity securities $ 3,573 $ 485 $ (84 ) $ 3,974 Debt securities 4,593 64 (25 ) 4,632 Total $ 8,166 $ 549 $ (109 ) $ 8,606 2014 Available-for-sale securities: 1 Equity securities $ 2,687 $ 1,463 $ (29 ) $ 4,121 Debt securities 3,796 68 (106 ) 2 3,758 Total $ 6,483 $ 1,531 $ (135 ) $ 7,879 1 Refer to Note 16 for additional information related to the estimated fair value. 2 Includes $101 million recognized in the consolidated income statement line item other income (loss) — net during the year ended December 31, 2014. The amount was primarily offset by changes in the fair value of foreign currency contracts designated as fair value hedges. Refer to Note 5 for additional information.
Schedule of Realized Gain (Loss) [Table Text Block]	The sale and/or maturity of available-for-sale securities resulted in the following activity (in millions): Year Ended December 31, 2015 2014 2013 Gross gains $ 103 $ 38 $ 12 Gross losses (42 ) (21 ) (24 ) Proceeds 4,043 4,157 4,212
Investments By Balance Sheet Grouping	The Company's available-for-sale securities were included in the following line items in our consolidated balance sheets (in millions): December 31, 2015 2014 Cash and cash equivalents $ 361 $ 43 Marketable securities 4,040 3,350 Other investments 3,280 3,512 Other assets 925 974 Total $ 8,606 $ 7,879
Contractual maturity amounts of the investment securities	The contractual maturities of these investments as of December 31, 2015 were as follows (in millions): Available-for-Sale Securities Cost Fair Value Within 1 year $ 2,496 $ 2,496 After 1 year through 5 years 1,709 1,728 After 5 years through 10 years 111 122 After 10 years 277 286 Equity securities 3,573 3,974 Total $ 8,166 $ 8,606

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2015
Inventories [Abstract]
Inventories [Table Text Block]	Inventories consisted of the following (in millions): December 31, 2015 2014 Raw materials and packaging $ 1,564 $ 1,615 Finished goods 1,032 1,134 Other 306 351 Total inventories $ 2,902 $ 3,100

HEDGING TRANSACTIONS AND DERI35

HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Hedging Transactions and Derivative Financial Instruments Disclosures [Abstract]
Derivative instruments, fair value, designated as hedging instruments	The following table presents the fair values of the Company's derivative instruments that were designated and qualified as part of a hedging relationship (in millions): Fair Value 1,2 Derivatives Designated as Hedging Instruments Balance Sheet Location 1 December 31, December 31, Assets: Foreign currency contracts Prepaid expenses and other assets $ 572 $ 923 Foreign currency contracts Other assets 246 346 Commodity contracts Prepaid expenses and other assets 1 — Interest rate contracts Prepaid expenses and other assets 20 14 Interest rate contracts Other assets 62 146 Total assets $ 901 $ 1,429 Liabilities: Foreign currency contracts Accounts payable and accrued expenses $ 51 $ 24 Foreign currency contracts Other liabilities 75 249 Commodity contracts Accounts payable and accrued expenses — 1 Interest rate contracts Accounts payable and accrued expenses 53 11 Interest rate contracts Other liabilities 231 35 Total liabilities $ 410 $ 320 1 All of the Company's derivative instruments are carried at fair value in our consolidated balance sheets after considering the impact of legally enforceable master netting agreements and cash collateral held or placed with the same counterparties, as applicable. Current disclosure requirements mandate that derivatives must also be disclosed without reflecting the impact of master netting agreements and cash collateral. Refer to Note 16 for the net presentation of the Company's derivative instruments. 2 Refer to Note 16 for additional information related to the estimated fair value.
Derivative instruments, fair value, not designated as hedging instruments	The following table presents the fair values of the Company's derivative instruments that were not designated as hedging instruments (in millions): Fair Value 1,2 Derivatives Not Designated as Hedging Instruments Balance Sheet Location 1 December 31, December 31, Assets: Foreign currency contracts Prepaid expenses and other assets $ 105 $ 44 Foreign currency contracts Other assets 241 231 Commodity contracts Prepaid expenses and other assets 2 9 Commodity contracts Other assets 1 1 Other derivative instruments Prepaid expenses and other assets 17 14 Other derivative instruments Other assets 3 2 Total assets $ 369 $ 301 Liabilities: Foreign currency contracts Accounts payable and accrued expenses $ 59 $ 33 Foreign currency contracts Other liabilities 9 21 Commodity contracts Accounts payable and accrued expenses 154 156 Commodity contracts Other liabilities 19 17 Interest rate contracts Other liabilities 1 2 Other derivative instruments Accounts payable and accrued expenses 5 11 Other derivative instruments Other liabilities 2 — Total liabilities $ 249 $ 240 1 All of the Company's derivative instruments are carried at fair value in our consolidated balance sheets after considering the impact of legally enforceable master netting agreements and cash collateral held or placed with the same counterparties, as applicable. Current disclosure requirements mandate that derivatives must also be disclosed without reflecting the impact of master netting agreements and cash collateral. Refer to Note 16 for the net presentation of the Company's derivative instruments. 2 Refer to Note 16 for additional information related to the estimated fair value.
Derivative instruments, pretax impact that changes in the fair value of the derivatives designated as hedges had on AOCI and earnings	The following table presents the pretax impact that changes in the fair values of derivatives designated as cash flow hedges had on AOCI and earnings during the years ended December 31, 2015 , 2014 and 2013 (in millions): Gain (Loss) Recognized in Other Comprehensive Income ("OCI") Location of Gain (Loss) Recognized in Income 1 Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) 2015 Foreign currency contracts $ 949 Net operating revenues $ 618 $ 12 Foreign currency contracts 60 Cost of goods sold 62 — 2 Foreign currency contracts 18 Interest expense (9 ) — Foreign currency contracts (38 ) Other income (loss) — net (40 ) — Interest rate contracts (153 ) Interest expense (3 ) 1 Commodity contracts (1 ) Cost of goods sold (3 ) — Total $ 835 $ 625 $ 13 2014 Foreign currency contracts $ 973 Net operating revenues $ 121 $ — 2 Foreign currency contracts 50 Cost of goods sold 34 — 2 Foreign currency contracts (218 ) Other income (loss) — net (108 ) — Interest rate contracts (180 ) Interest expense — — Commodity contracts — Cost of goods sold 3 — Total $ 625 $ 50 $ — 2013 Foreign currency contracts $ 218 Net operating revenues $ 149 $ 1 Foreign currency contracts 52 Cost of goods sold 32 — 2 Interest rate contracts 169 Interest expense (12 ) (3 ) Commodity contracts 2 Cost of goods sold (2 ) — Total $ 441 $ 167 $ (2 ) 1 The Company records gains and losses reclassified from AOCI into income for the effective portion and ineffective portion, if any, to the same line items in our consolidated statements of income. 2 Includes a de minimis amount of ineffectiveness in the hedging relationship.
Derivative instruments, fair value hedges, gain (loss) recognized in income	The following table summarizes the pretax impact that changes in the fair values of derivatives designated as fair value hedges had on earnings during the years ended December 31, 2015 , 2014 and 2013 (in millions): Hedging Instruments and Hedged Items Location of Gain (Loss) Recognized in Income Gain (Loss) Recognized in Income 1 2015 Interest rate contracts Interest expense $ (172 ) Fixed-rate debt Interest expense 169 Net impact to interest expense $ (3 ) Foreign currency contracts Other income (loss) — net $ 110 Available-for-sale securities Other income (loss) — net (131 ) Net impact to other income (loss) — net $ (21 ) Net impact of fair value hedging instruments $ (24 ) 2014 Interest rate contracts Interest expense $ 18 Fixed-rate debt Interest expense 11 Net impact to interest expense $ 29 Foreign currency contracts Other income (loss) — net $ 132 Available-for-sale securities Other income (loss) — net (165 ) Net impact to other income (loss) — net $ (33 ) Net impact of fair value hedging instruments $ (4 ) 2013 Interest rate contracts Interest expense $ (193 ) Fixed-rate debt Interest expense 240 Net impact to interest expense $ 47 Foreign currency contracts Other income (loss) — net $ 24 Available-for-sale securities Other income (loss) — net (48 ) Net impact to other income (loss) — net $ (24 ) Net impact of fair value hedging instruments $ 23 1 The net impacts represent the ineffective portions of the hedge relationships and the amounts excluded from the assessment of hedge effectiveness.
Derivative instruments,fair value of net investment hedges, gain (loss) recognized in AOCI	The following table summarizes the notional values and pretax impact of changes in the fair values of instruments designated as net investment hedges (in millions): Notional Amount Gain (Loss) Recognized in OCI as of December 31, Year Ended December 31, 2015 2014 2015 2014 2013 Foreign currency contracts $ 1,347 $ 2,047 $ 661 $ 80 $ 61 Foreign currency denominated debt 10,912 — (24 ) — — Total $ 12,259 $ 2,047 $ 637 $ 80 $ 61
Derivative instruments, not designated as hedging instruments, gain (loss) in earnings	The following table presents the pretax impact that changes in the fair values of derivatives not designated as hedging instruments had on earnings during the years ended December 31, 2015 , 2014 and 2013 (in millions): Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income Year Ended December 31, 2015 2014 2013 Foreign currency contracts Net operating revenues $ 41 $ (6 ) $ 5 Foreign currency contracts Other income (loss) — net (92 ) (85 ) 162 Foreign currency contracts Cost of goods sold 3 — 2 Commodity contracts Net operating revenues (16 ) (48 ) 5 Commodity contracts Cost of goods sold (209 ) (8 ) (122 ) Commodity contracts Selling, general and administrative expenses (25 ) (79 ) 7 Interest rate contracts Interest expense — — (3 ) Other derivative instruments Selling, general and administrative expenses 1 24 55 Other derivative instruments Other income (loss) — net (37 ) 39 — Total $ (334 ) $ (163 ) $ 111

EQUITY METHOD INVESTMENTS (Tabl

EQUITY METHOD INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
EQUITY METHOD INVESTMENTS [Abstract]
Summary of financial information for equity method investees	A summary of financial information for our equity method investees in the aggregate is as follows (in millions): Year Ended December 31, 1 2015 2014 2013 Net operating revenues $ 47,498 $ 52,627 $ 53,038 Cost of goods sold 28,749 31,810 32,377 Gross profit $ 18,749 $ 20,817 $ 20,661 Operating income $ 4,483 $ 4,489 $ 4,380 Consolidated net income $ 2,299 $ 2,440 $ 2,364 Less: Net income attributable to noncontrolling interests 65 74 62 Net income attributable to common shareowners $ 2,234 $ 2,366 $ 2,302 Equity income (loss) — net $ 489 $ 769 $ 602 1 The financial information represents the results of the equity method investees during the Company's period of ownership. December 31, 2015 2014 Current assets $ 17,524 $ 16,184 Noncurrent assets 36,498 40,080 Total assets $ 54,022 $ 56,264 Current liabilities $ 11,820 $ 12,477 Noncurrent liabilities 14,467 16,657 Total liabilities $ 26,287 $ 29,134 Equity attributable to shareowners of investees $ 26,854 $ 26,363 Equity attributable to noncontrolling interests 881 767 Total equity $ 27,735 $ 27,130 Company equity investment $ 12,318 $ 9,947

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2015
Property Plant and Equipament [Abstract]
Property, Plant and Equipment [Table Text Block]	The following table summarizes our property, plant and equipment (in millions): December 31, 2015 2014 Land $ 717 $ 972 Buildings and improvements 4,914 5,541 Machinery, equipment and vehicle fleet 16,723 18,745 $ 22,354 $ 25,258 Less accumulated depreciation 9,783 10,625 Property, plant and equipment — net $ 12,571 $ 14,633

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2015
INTANGIBLE ASSETS [Abstract]
Indefinite-lived intangible assets	The following table summarizes information related to indefinite-lived intangible assets (in millions): December 31, 2015 2014 Trademarks 1 $ 5,989 $ 6,533 Bottlers' franchise rights 2,3 6,000 6,689 Goodwill 11,289 12,100 Other 164 170 Indefinite-lived intangible assets $ 23,442 $ 25,492 1 The decrease in 2015 was primarily due to the sale of our energy brands to Monster, an impairment charge recorded related to the discontinuation of the energy products in the glacéau portfolio as a result of the Monster Transaction and the impairment of a Venezuelan trademark primarily due to changes in exchange rates as a result of the establishment of the new open market exchange system. Refer to Note 2 for additional information on the Monster Transaction and Note 1 for additional information on the Venezuela currency change. 2 The decrease in 2015 was primarily related to North America refranchising and the transfer of intangible assets to assets held for sale as a result of our entering into an agreement to merge our German bottling operations to form CCEP. These decreases were partially offset by the acquisition of the Company's rights to distribute Monster products in expanded territories as a result of the Monster Transaction. The carrying value of these rights as of December 31, 2015 was $640 million . These distribution rights are governed by an agreement with an initial term of 20 years , after which it will continue to remain in effect unless otherwise terminated by either party and there are no future costs of renewal. The Company anticipates that these assets will be used indefinitely. Refer to Note 2 for additional information. 3 The Company has agreements with Dr Pepper Snapple Group, Inc. ("DPSG") to distribute Dr Pepper trademark brands in the United States, Canada Dry in the Northeastern United States, and Canada Dry and C' Plus in Canada. As of December 31, 2015 , the agreements have remaining terms of 15 years, with automatic 20 -year renewal periods unless otherwise terminated under the terms of the agreements and there are no significant costs to renew the agreements. The Company anticipates that these assets will be used indefinitely. The carrying values of these rights as of December 31, 2015 and 2014, were $652 million and $784 million , respectively. The decrease is related to North America refranchising. Refer to Note 2 for additional information.
Carrying value of goodwill by operating segment	The following table provides information related to the carrying value of our goodwill by operating segment (in millions): Eurasia & Africa Europe Latin America North America Asia Pacific Bottling Investments Total 2014 Balance as of January 1 $ 36 $ 822 $ 156 $ 10,572 $ 117 $ 609 $ 12,312 Effect of foreign currency translation (2 ) (60 ) (9 ) — (2 ) (26 ) (99 ) Acquisitions 1 — — — 11 16 3 30 Adjustments related to the finalization of purchase accounting 1 (4 ) (43 ) — — — (14 ) (61 ) Divestitures, deconsolidations and other 1 (3 ) — — (79 ) — — (82 ) Balance as of December 31 $ 27 $ 719 $ 147 $ 10,504 $ 131 $ 572 $ 12,100 2015 Balance as of January 1 $ 27 $ 719 $ 147 $ 10,504 $ 131 $ 572 $ 12,100 Effect of foreign currency translation (7 ) (98 ) (24 ) — 2 (37 ) (164 ) Acquisitions 1 — — — 27 — — 27 Adjustments related to the finalization of purchase accounting 1 — — — — — 4 4 Impairment — — — — — (4 ) (4 ) Divestitures, deconsolidations and other 1,2 — (3 ) — (390 ) — (281 ) (674 ) Balance as of December 31 $ 20 $ 618 $ 123 $ 10,141 $ 133 $ 254 $ 11,289 1 Refer to Note 2 for information related to the Company's acquisitions and divestitures. 2 The decrease in 2015 for the North America operating segment was primarily due to the derecognition of goodwill as a result of the sale of our energy business to Monster and North America refranchising. The 2015 decrease in the Bottling Investments segment was primarily due to the transfer of our German bottling operations to assets held for sale as a result of the Company entering into an agreement to merge the operations to form CCEP. Refer to Note 2 for additional information on these transactions.
Definite-lived intangible assets	The following table summarizes information related to definite-lived intangible assets (in millions): December 31, 2015 December 31, 2014 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Customer relationships 1 $ 493 $ (199 ) $ 294 $ 597 $ (229 ) $ 368 Bottlers' franchise rights 1 604 (412 ) 192 664 (375 ) 289 Trademarks 211 (44 ) 167 222 (39 ) 183 Other 97 (60 ) 37 96 (56 ) 40 Total $ 1,405 $ (715 ) $ 690 $ 1,579 $ (699 ) $ 880 1 The decrease in 2015 was primarily due to the derecognition of intangible assets as a result of the North America refranchising and the transfer of our German bottling operations to assets held for sale as a result of the Company entering into an agreement to merge the operations to form CCEP. Refer to Note 2 for additional information.
Estimated amortization expense for the next five years	Based on the carrying value of definite-lived intangible assets as of December 31, 2015 , we estimate our amortization expense for the next five years will be as follows (in millions): Amortization Expense 2016 $ 149 2017 113 2018 60 2019 57 2020 52

ACCOUNTS PAYABLE AND ACCRUED 39

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2015
ACCOUNTS PAYABLE AND ACCRUED EXPENSES Disclosure [Abstract]
Schedule of Accounts Payable and Accrued Expenses [Table Text Block]	Accounts payable and accrued expenses consisted of the following (in millions): December 31, 2015 2014 Accrued marketing $ 2,186 $ 2,103 Other accrued expenses 3,173 3,182 Trade accounts payable 2,795 2,089 Accrued compensation 936 997 Sales, payroll and other taxes 444 511 Container deposits 126 352 Accounts payable and accrued expenses $ 9,660 $ 9,234

DEBT AND BORROWING ARRANGEMEN40

DEBT AND BORROWING ARRANGEMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Debt and Borrowing Arrangements Disclosure [Abstract]
Components of long-term debt	The Company's long-term debt consisted of the following (in millions, except average rate data): December 31, 2015 December 31, 2014 Amount Average Rate 1 Amount Average Rate 1 U.S. dollar notes due 2016–2093 $ 15,899 2.1 % $ 17,433 1.8 % U.S. dollar debentures due 2017–2098 2,122 3.9 2,157 3.9 U.S. dollar zero coupon notes due 2020 2 148 8.4 143 8.4 Euro notes due 2017–2027 3 11,364 0.6 2,468 3.7 Swiss franc notes due 2017–2028 3 1,291 0.9 — — Other, due through 2098 4 307 4.2 380 4.0 Fair value adjustment 5 (47 ) N/A 34 N/A Total 6,7 $ 31,084 1.7 % $ 22,615 2.2 % Less current portion 2,677 3,552 Long-term debt $ 28,407 $ 19,063 1 These rates represent the weighted-average effective interest rate on the balances outstanding as of year end, as adjusted for the effects of interest rate swap agreements, cross currency swap agreements and fair value adjustments, if applicable. Refer to Note 5 for a more detailed discussion on interest rate management. 2 This amount is shown net of unamortized discounts of $ 23 million and $ 28 million as of December 31, 2015 and 2014 , respectively. 3 This amount includes adjustments recorded due to changes in foreign currency exchange rates. 4 As of December 31, 2015 , the amount shown includes $ 156 million of debt instruments that are due through 2031 . 5 Amount represents changes in fair value due to changes in benchmark interest rates. Refer to Note 5 for additional information about our fair value hedging strategy. 6 As of December 31, 2015 and 2014 , the fair value of our long-term debt, including the current portion, was $ 31,308 million and $ 23,411 million , respectively. The fair value of our long-term debt is estimated based on quoted prices for those or similar instruments. 7 The above notes and debentures include various restrictions, none of which is presently significant to our Company.
Schedule of Maturities of Long-term Debt	Maturities of long-term debt for the five years succeeding December 31, 2015 , are as follows (in millions): Maturities of Long-Term Debt 2016 $ 2,677 2017 3,368 2018 3,302 2019 2,294 2020 3,927

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Lease payments under noncancelable operating leases	The following table summarizes our minimum lease payments under noncancelable operating leases with initial or remaining lease terms in excess of one year as of December 31, 2015 (in millions): Year Ended December 31, Operating Lease Payments 2016 $ 171 2017 109 2018 89 2019 68 2020 59 Thereafter 220 Total minimum operating lease payments 1 $ 716 1 Income associated with sublease arrangements is not significant.

STOCK COMPENSATION PLANS (Table

STOCK COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2015
STOCK COMPENSATION PLANS [Abstract]
Weighted-average fair value of options granted and the weighted-average assumptions used in the Black Scholes Merton option pricing model for such grants	The weighted-average fair value of options granted during the past three years and the weighted-average assumptions used in the Black-Scholes-Merton option-pricing model for such grants were as follows: 2015 2014 2013 Fair value of options at grant date $ 4.38 $ 3.91 $ 3.73 Dividend yield 1 3.1 % 2.7 % 2.8 % Expected volatility 2 16.0 % 16.0 % 17.0 % Risk-free interest rate 3 1.8 % 1.6 % 0.9 % Expected term of the option 4 6 years 5 years 5 years 1 The dividend yield is the calculated yield on the Company's stock at the time of the grant. 2 Expected volatility is based on implied volatilities from traded options on the Company's stock, historical volatility of the Company's stock and other factors. 3 The risk-free interest rate for the period matching the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. 4 The expected term of the option represents the period of time that options granted are expected to be outstanding and is derived by analyzing historical exercise behavior.
Stock option activity for all stock option plans	Stock option activity for all plans for the year ended December 31, 2015 , was as follows: Shares (In millions) Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life Aggregate Intrinsic Value (In millions) Outstanding on January 1, 2015 305 $ 31.60 Granted 13 41.89 Exercised (44 ) 28.31 Forfeited/expired (8 ) 36.53 Outstanding on December 31, 2015 1 266 $ 32.51 5.55 years $ 2,786 Expected to vest 264 $ 32.45 5.53 years $ 2,775 Exercisable on December 31, 2015 178 $ 29.92 4.43 years $ 2,317 1 Includes 1.0 million stock option replacement awards in connection with our acquisition of Old CCE's North America business in 2010. These options had a weighted-average exercise price of $ 16.26 and generally vest over 3 years and expire 10 years from the original date of grant.
Summary of information about performance share units based on the Target Award amounts in the performance share unit agreements	The following table summarizes information about performance share units based on the target award amounts in the performance share unit agreements: Performance Share Units (In thousands) Weighted-Average Grant Date Fair Value Outstanding on January 1, 2015 17,426 $ 31.59 Granted 1 1,857 37.99 Canceled/forfeited (7,087 ) 30.32 Outstanding on December 31, 2015 2 12,196 $ 33.30 1 Includes 70 percent of the total 2015 award. The remaining 30 percent of the 2015 award contained metrics that cannot be fully defined until 2017; therefore, these awards are not considered granted until all of the metrics are established. 2 The outstanding performance share units as of December 31, 2015 , at the threshold award and maximum award levels were 5.0 million and 20.9 million , respectively.
Summary of conversion of performance share units to restricted stock and restricted stock units	The following table summarizes information about performance share units that were previously converted to restricted stock or restricted stock units: Restricted Stock and Restricted Stock Units (In thousands) Weighted-Average Grant Date Fair Value 1 Nonvested on January 1, 2015 2 130 $ 25.17 Vested and released (130 ) 25.17 Nonvested on December 31, 2015 — $ — 1 The weighted-average grant date fair value is based on the fair values of the performance share units granted. 2 The nonvested restricted stock and stock units as of January 1, 2015 are presented at the performance share units' certified award level.

PENSION AND OTHER POSTRETIREM43

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2015
Pension and Other Postretirement Benefit Plans [Abstract]
Changes in benefit obligations and the fair value of plan assets for our benefit plans	The following table sets forth the changes in benefit obligations and the fair value of plan assets for our benefit plans (in millions): Pension Benefits Other Benefits Year Ended December 31, 2015 2014 2015 2014 Benefit obligation at beginning of year 1 $ 10,346 $ 8,845 $ 1,006 $ 946 Service cost 265 261 27 26 Interest cost 379 406 37 43 Foreign currency exchange rate changes (309 ) (183 ) (14 ) (4 ) Amendments 6 — (10 ) (31 ) Actuarial loss (gain) (479 ) 1,519 (54 ) 88 Benefits paid 2 (353 ) (522 ) (59 ) (62 ) Business combinations 1 4 — — Divestitures 3 (218 ) — — — Settlements 4 (499 ) (7 ) — (1 ) Special termination benefits 21 5 2 — Other (1 ) 18 5 1 Benefit obligation at end of year 1 $ 9,159 $ 10,346 $ 940 $ 1,006 Fair value of plan assets at beginning of year $ 8,902 $ 8,746 $ 246 $ 243 Actual return on plan assets (44 ) 574 (3 ) 2 Employer contributions 121 214 — — Foreign currency exchange rate changes (322 ) (203 ) — — Benefits paid (270 ) (435 ) (3 ) (3 ) Divestitures 3 (206 ) — — — Settlements 4 (486 ) (1 ) — — Other (6 ) 7 5 4 Fair value of plan assets at end of year $ 7,689 $ 8,902 $ 245 $ 246 Net liability recognized $ (1,470 ) $ (1,444 ) $ (695 ) $ (760 ) 1 For pension benefit plans, the benefit obligation is the projected benefit obligation. For other benefit plans, the benefit obligation is the accumulated postretirement benefit obligation. The accumulated benefit obligation for our pension plans was $8,868 million and $10,028 million as of December 31, 2015 and 2014 , respectively. 2 Benefits paid to pension plan participants during 2015 and 2014 included $83 million and $87 million , respectively, in payments related to unfunded pension plans that were paid from Company assets. Benefits paid to participants of other benefit plans during 2015 and 2014 included $56 million and $59 million , respectively, that were paid from Company assets. 3 Divestitures are primarily related to the transfer of assets and liabilities associated with the Company's consolidated German bottling operations to assets held for sale and liabilities held for sale as of December 31, 2015. Refer to Note 2 for additional information. 4 Settlements are primarily related to the Company's productivity, restructuring and integration initiatives. Refer to Note 18.
Pension and other benefit amounts recognized in consolidated balance sheets	Pension and other benefit amounts recognized in our consolidated balance sheets are as follows (in millions): Pension Benefits Other Benefits December 31, 2015 2014 2015 2014 Noncurrent asset $ 454 $ 479 $ — $ — Current liability (72 ) (78 ) (21 ) (20 ) Long-term liability (1,852 ) (1,845 ) (674 ) (740 ) Net liability recognized $ (1,470 ) $ (1,444 ) $ (695 ) $ (760 )
Schedule of pension plans with projected benefit obligation in excess of fair value of plan assets	Certain of our pension plans have projected benefit obligations in excess of the fair value of plan assets. For these plans, the projected benefit obligations and the fair value of plan assets were as follows (in millions): December 31, 2015 2014 Projected benefit obligation $ 7,767 $ 8,753 Fair value of plan assets 5,865 6,854
Accumulated benefit obligations in excess of fair value of plan assets	Certain of our pension plans have accumulated benefit obligations in excess of the fair value of plan assets. For these plans, the accumulated benefit obligations and the fair value of plan assets were as follows (in millions): December 31, 2015 2014 Accumulated benefit obligation $ 7,537 $ 8,501 Fair value of plan assets 5,846 6,820
Total pension assets for U.S. and non-U.S. plans	The following table presents total assets for our U.S. and non-U.S. pension plans (in millions): U.S. Plans Non-U.S. Plans December 31, 2015 2014 2015 2014 Cash and cash equivalents $ 222 $ 186 $ 54 $ 75 Equity securities: U.S.-based companies 1,118 1,274 445 542 International-based companies 398 558 419 505 Fixed-income securities: Government bonds 442 455 295 411 Corporate bonds and debt securities 1,037 1,379 136 187 Mutual, pooled and commingled funds 1 713 863 410 400 Hedge funds/limited partnerships 723 756 41 43 Real estate 462 391 2 17 Other 513 481 259 379 Total pension plan assets 2 $ 5,628 $ 6,343 $ 2,061 $ 2,559 1 Mutual, pooled and commingled funds include investments in equity securities, fixed-income securities and combinations of both. There are a significant number of mutual, pooled and commingled funds from which investors can choose. The selection of the type of fund is dictated by the specific investment objectives and needs of a given plan. These objectives and needs vary greatly between plans. 2 Fair value disclosures related to our pension assets are included in Note 16 . Fair value disclosures include, but are not limited to, the levels within the fair value hierarchy in which the fair value measurements in their entirety fall; a reconciliation of the beginning and ending balances of Level 3 assets; and information about the valuation techniques and inputs used to measure the fair value of our pension assets.
Other postretirement benefit plan assets	The following table presents total assets for our other postretirement benefit plans (in millions): December 31, 2015 2014 Cash and cash equivalents $ 8 $ 10 Equity securities: U.S.-based companies 116 114 International-based companies 6 7 Fixed-income securities: Government bonds 80 79 Corporate bonds and debt securities 8 9 Mutual, pooled and commingled funds 15 16 Hedge funds/limited partnerships 5 5 Real estate 3 3 Other 4 3 Total other postretirement benefit plan assets 1 $ 245 $ 246 1 Fair value disclosures related to our other postretirement benefit plan assets are included in Note 16 . Fair value disclosures include, but are not limited to, the levels within the fair value hierarchy in which the fair value measurements in their entirety fall and information about the valuation techniques and inputs used to measure the fair value of our other postretirement benefit plan assets.
Net periodic benefit cost for pension and other postretirement benefit plans	Net periodic benefit cost for our pension and other postretirement benefit plans consisted of the following (in millions): Pension Benefits Other Benefits Year Ended December 31, 2015 2014 2013 2015 2014 2013 Service cost $ 265 $ 261 $ 280 $ 27 $ 26 $ 36 Interest cost 379 406 378 37 43 42 Expected return on plan assets 1 (705 ) (713 ) (659 ) (11 ) (11 ) (9 ) Amortization of prior service cost (credit) (2 ) (2 ) (2 ) (19 ) (17 ) (10 ) Amortization of actuarial loss 2 199 73 197 10 2 13 Net periodic benefit cost $ 136 $ 25 $ 194 $ 44 $ 43 $ 72 Settlement charge 3 149 4 1 — — — Special termination benefits 3 20 5 2 2 — — Total cost recognized in statements of income $ 305 $ 34 $ 197 $ 46 $ 43 $ 72 1 The Company has elected to use the actual fair value of plan assets as the market-related value of assets in the determination of the expected return on plan assets. 2 Actuarial gains and losses are amortized using a corridor approach. The gain/loss corridor is equal to 10 percent of the greater of the pension benefit obligation and the market-related value of assets. Gains and losses in excess of the corridor are generally amortized over the average future working lifetime of the pension plan participants. 3 The settlement charge and special termination benefits were primarily related to the Company's productivity, restructuring and integration initiatives. Refer to Note 18 .
Changes in AOCI for benefit plans	The following table sets forth the changes in AOCI for our benefit plans (in millions, pretax): Pension Benefits Other Benefits Year Ended December 31, 2015 2014 2015 2014 Balance in AOCI at beginning of year $ (3,069 ) $ (1,537 ) $ (67 ) $ 13 Recognized prior service cost (credit) (2 ) (2 ) (19 ) (17 ) Recognized net actuarial loss (gain) 348 77 10 2 Prior service credit (cost) arising in current year (6 ) — 10 31 Net actuarial (loss) gain arising in current year (270 ) (1,658 ) 40 (97 ) Foreign currency translation gain (loss) 92 51 — 1 Balance in AOCI at end of year $ (2,907 ) $ (3,069 ) $ (26 ) $ (67 )
Amounts in AOCI for benefit plans (pretax)	The following table sets forth amounts in AOCI for our benefit plans (in millions, pretax): Pension Benefits Other Benefits December 31, 2015 2014 2015 2014 Prior service credit (cost) $ 3 $ 10 $ 93 $ 100 Net actuarial loss (2,910 ) (3,079 ) (119 ) (167 ) Balance in AOCI at end of year $ (2,907 ) $ (3,069 ) $ (26 ) $ (67 )
Amounts in AOCI expected to be recognized as components of net periodic pension cost in next fiscal year	Amounts in AOCI expected to be recognized as components of net periodic pension cost in 2016 are as follows (in millions, pretax): Pension Benefits Other Benefits Amortization of prior service cost (credit) $ (2 ) $ (19 ) Amortization of actuarial loss 181 7 Total $ 179 $ (12 )
Certain weighted average assumptions used in computing the benefit obligations and net periodic benefit cost	Certain weighted-average assumptions used in computing the benefit obligations are as follows: Pension Benefits Other Benefits December 31, 2015 2014 2015 2014 Discount rate 4.25 % 3.75 % 4.25 % 3.75 % Rate of increase in compensation levels 3.50 % 3.50 % N/A N/A Certain weighted-average assumptions used in computing net periodic benefit cost are as follows: Pension Benefits Other Benefits Year Ended December 31, 2015 2014 2013 2015 2014 2013 Discount rate 3.75 % 4.75 % 4.00 % 3.75 % 4.75 % 4.00 % Rate of increase in compensation levels 3.50 % 3.50 % 3.50 % N/A N/A N/A Expected long-term rate of return on plan assets 8.25 % 8.25 % 8.25 % 4.75 % 4.75 % 4.75 %
Assumed health care cost trend rates	The assumed health care cost trend rates are as follows: December 31, 2015 2014 Health care cost trend rate assumed for next year 7.00 % 7.50 % Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 5.00 % 5.00 % Year that the rate reaches the ultimate trend rate 2021 2020
Estimated future benefit payments for funded and unfunded plans	Our estimated future benefit payments for funded and unfunded plans are as follows (in millions): Year Ended December 31, 2016 2017 2018 2019 2020 2021–2025 Pension benefit payments $ 521 $ 504 $ 533 $ 551 $ 570 $ 3,065 Other benefit payments 1 61 63 64 65 67 332 Total estimated benefit payments $ 582 $ 567 $ 597 $ 616 $ 637 $ 3,397 1 The expected benefit payments for our other postretirement benefit plans are net of estimated federal subsidies expected to be received under the Medicare Prescription Drug, Improvement and Modernization Act of 2003. Federal subsidies are estimated to be $4 million for the period 2016–2020, and $3 million for the period 2021–2025.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Income Taxes [Abstract]
Schedule of income before income taxes	Income before income taxes consisted of the following (in millions): Year Ended December 31, 2015 2014 2013 United States $ 1,801 $ 1,567 $ 2,451 International 7,804 7,758 9,026 Total $ 9,605 $ 9,325 $ 11,477
Schedule of income tax expense (benefit)	Income tax expense consisted of the following for the years ended December 31, 2015 , 2014 and 2013 (in millions): United States State and Local International Total 2015 Current $ 711 $ 69 $ 1,386 $ 2,166 Deferred 120 45 (92 ) 73 2014 Current $ 867 $ 81 $ 1,293 $ 2,241 Deferred (97 ) (21 ) 78 (40 ) 2013 Current $ 713 $ 102 $ 1,388 $ 2,203 Deferred 305 38 305 648
Reconciliation of the statutory U.S. federal tax rate and effective tax rates	A reconciliation of the statutory U.S. federal tax rate and our effective tax rate is as follows: Year Ended December 31, 2015 2014 2013 Statutory U.S. federal tax rate 35.0 % 35.0 % 35.0 % State and local income taxes — net of federal benefit 1.2 1.0 1.0 Earnings in jurisdictions taxed at rates different from the statutory U.S. federal rate (12.7 ) 1 (11.5 ) 6,7 (10.3 ) 10,11,12 Equity income or loss (1.7 ) 2 (2.2 ) (1.4 ) 13 Other operating charges 1.2 3,4 2.9 8,9 1.2 14 Other — net 0.3 5 (1.6 ) (0.7 ) Effective tax rate 23.3 % 23.6 % 24.8 % 1 Includes a pretax charge of $27 million (or a 0.1 percent impact on our effective tax rate) due to the remeasurement of the net monetary assets of our local Venezuelan subsidiary into U.S. dollars using the SIMADI exchange rate. Refer to Note 1 and Note 17. 2 Includes a tax benefit of $5 million on a pretax charge of $87 million (or a 0.3 percent impact on our effective tax rate) related to our proportionate share of unusual or infrequent items recorded by our equity method investees. Refer to Note 17. 3 Includes a tax benefit of $45 million on a pretax charge of $225 million (or a 0.3 percent impact on our effective tax rate) primarily due to an impairment of a Venezuelan trademark, a write-down of receivables from our bottling partner in Venezuela, a cash contribution to The Coca-Cola Foundation and charges associated with ongoing tax litigation. Refer to Note 1 and Note 17. 4 Includes a tax benefit of $259 million on pretax charges of $983 million (or a 0.9 percent impact on our effective tax rate) primarily related to the Company's productivity and reinvestment program as well as other restructuring initiatives. Refer to Note 18. 5 Includes tax expense of $150 million on pretax income of $77 million (or a 1.3 percent impact on our effective rate) primarily due to the gain related to the Monster Transaction, offset by charges related to the refranchising of certain territories in North America and charges associated with the early extinguishment of long-term debt. Refer to Note 2 and Note 17. 6 Includes tax expense of $ 6 million on a pretax net charge of $ 372 million (or a 1.5 percent impact on our effective tax rate) due to the remeasurement of the net monetary assets of our local Venezuelan subsidiary into U.S. dollars using the SICAD 2 exchange rate. Refer to Note 1. 7 Includes tax expense of $18 million (or a 0.2 percent impact on our effective tax rate) related to amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties, in various international jurisdictions. 8 Includes tax expense of $55 million on a pretax charge of $352 million (or a 1.9 percent impact on our effective tax rate) primarily due to an impairment of a Venezuelan trademark, a write-down on receivables from our bottling partner in Venezuela, a charge associated with certain of the Company's fixed assets, and as a result of the restructuring and transition of the Company's Russian juice operations to an existing joint venture with an unconsolidated bottling partner. Refer to Note 1 and Note 17. 9 Includes a tax benefit of $191 million on pretax charges of $809 million (or a 1 percent impact on our effective tax rate) primarily related to the Company's productivity and reinvestment program as well as other restructuring initiatives. Refer to Note 18. 10 Includes a tax benefit of $26 million (or a 0.2 percent impact on our effective tax rate) related to amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties, in various international jurisdictions. 11 Includes tax expense of $279 million on pretax net gains of $501 million (or a 0.9 percent impact on our effective tax rate) related to the deconsolidation of our Brazilian bottling operations upon their combination with an independent bottler and a loss due to the merger of four of the Company's Japanese bottling partners. Refer to Note 2 and Note 17 . 12 Includes tax expense of $3 million (or a 0.5 percent impact on our effective tax rate) related to a charge of $149 million due to the devaluation of the Venezuelan bolivar. Refer to Note 19. 13 Includes a tax benefit of $8 million on a pretax charge of $159 million (or a 0.4 percent impact on our effective tax rate) related to our proportionate share of unusual or infrequent items recorded by our equity method investees. Refer to Note 17. 14 Includes a tax benefit of $175 million on pretax charges of $877 million (or a 1.2 percent impact on our effective tax rate) primarily related to impairment charges recorded on certain of the Company's intangible assets and charges related to the Company's productivity and reinvestment program as well as other restructuring initiatives. Refer to Note 17 and Note 18 .
Reconciliation of changes in the gross amount of unrecognized tax benefit	A reconciliation of the changes in the gross amount of unrecognized tax benefits is as follows (in millions): Year Ended December 31, 2015 2014 2013 Beginning balance of unrecognized tax benefits $ 211 $ 230 $ 302 Increase related to prior period tax positions 4 13 1 Decrease related to prior period tax positions (9 ) (2 ) (7 ) Increase related to current period tax positions 5 11 8 Decrease related to settlements with taxing authorities (5 ) (5 ) (4 ) Decrease due to lapse of the applicable statute of limitations (23 ) (32 ) (59 ) Increase (decrease) due to effect of foreign currency exchange rate changes (15 ) (4 ) (11 ) Ending balance of unrecognized tax benefits $ 168 $ 211 $ 230
Deferred tax assets and liabilities	The tax effects of temporary differences and carryforwards that give rise to deferred tax assets and liabilities consist of the following (in millions): December 31, 2015 2014 Deferred tax assets: Property, plant and equipment $ 192 $ 96 Trademarks and other intangible assets 68 68 Equity method investments (including foreign currency translation adjustment) 694 462 Derivative financial instruments 161 134 Other liabilities 1,056 1,082 Benefit plans 1,541 1,673 Net operating/capital loss carryforwards 413 729 Other 175 196 Gross deferred tax assets $ 4,300 $ 4,440 Valuation allowances (477 ) (649 ) Total deferred tax assets 1,2 $ 3,823 $ 3,791 Deferred tax liabilities: Property, plant and equipment $ (1,887 ) $ (2,342 ) Trademarks and other intangible assets (3,422 ) (4,020 ) Equity method investments (including foreign currency translation adjustment) (1,441 ) (1,038 ) Derivative financial instruments (687 ) (457 ) Other liabilities (216 ) (110 ) Benefit plans (367 ) (487 ) Other (726 ) (944 ) Total deferred tax liabilities 3 $ (8,746 ) $ (9,398 ) Net deferred tax liabilities $ (4,923 ) $ (5,607 ) 1 Noncurrent deferred tax assets of $ 360 million and $ 319 million were included in the line item other assets in our consolidated balance sheets as of December 31, 2015 and 2014 , respectively. 2 Current deferred tax assets of $ 151 million and $ 160 million were included in the line item prepaid expenses and other assets in our consolidated balance sheets as of December 31, 2015 and 2014 , respectively. 3 Current deferred tax liabilities of $ 743 million and $ 450 million were included in the line item accounts payable and accrued expenses in our consolidated balance sheets as of December 31, 2015 and 2014 , respectively.
Deferred tax asset valuation allowances	An analysis of our deferred tax asset valuation allowances is as follows (in millions): Year Ended December 31, 2015 2014 2013 Balance at beginning of year $ 649 $ 586 $ 487 Additions 42 104 169 Decrease due to transfer to assets held for sale (163 ) — — Deductions (51 ) (41 ) (70 ) Balance at end of year $ 477 $ 649 $ 586

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2015
OTHER COMPREHENSIVE INCOME [Abstract]
AOCI attributable to the shareowners of The Coca-Cola Company	AOCI attributable to shareowners of The Coca-Cola Company consisted of the following (in millions): December 31, 2015 2014 Foreign currency translation adjustment $ (9,167 ) $ (5,226 ) Accumulated derivative net gains (losses) 696 554 Unrealized net gains (losses) on available-for-sale securities 288 972 Adjustments to pension and other benefit liabilities (1,991 ) (2,077 ) Accumulated other comprehensive income (loss) $ (10,174 ) $ (5,777 )
Allocation of total comprehensive income or Loss between shareowners of the The Coca-Cola Company and noncontrolling interests [Text Block]	The following table summarizes the allocation of total comprehensive income between shareowners of The Coca-Cola Company and noncontrolling interests (in millions): Year Ended December 31, 2015 Shareowners of The Coca-Cola Company Noncontrolling Interests Total Consolidated net income $ 7,351 $ 15 $ 7,366 Other comprehensive income: Net foreign currency translation adjustment (3,941 ) (18 ) (3,959 ) Net gain (loss) on derivatives 1 142 — 142 Net unrealized gain (loss) on available-for-sale securities 2 (684 ) — (684 ) Net change in pension and other benefit liabilities 3 86 — 86 Total comprehensive income $ 2,954 $ (3 ) $ 2,951 1 Refer to Note 5 for additional information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments. 2 Refer to Note 3 for information related to the net unrealized gain or loss on available-for-sale securities. 3 Refer to Note 13 for additional information related to the Company's pension and other postretirement benefit liabilities.
OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees' OCI	OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees' OCI, for the years ended December 31, 2015 , 2014 and 2013 , is as follows (in millions): Before-Tax Amount Income Tax After-Tax Amount 2015 Foreign currency translation adjustments: Translation adjustment arising during the year $ (4,626 ) $ 243 $ (4,383 ) Reclassification adjustments recognized in net income 63 (14 ) 49 Unrealized gains (losses) on net investment hedges arising during the year 637 (244 ) 393 Net foreign currency translation adjustment (3,926 ) (15 ) (3,941 ) Derivatives: Unrealized gains (losses) arising during the year 853 (314 ) 539 Reclassification adjustments recognized in net income (638 ) 241 (397 ) Net gain (loss) on derivatives 1 215 (73 ) 142 Available-for-sale securities: Unrealized gains (losses) arising during the year (973 ) 328 (645 ) Reclassification adjustments recognized in net income (61 ) 22 (39 ) Net change in unrealized gain (loss) on available-for-sale securities 2 (1,034 ) 350 (684 ) Pension and other benefit liabilities: Net pension and other benefits arising during the year (169 ) 43 (126 ) Reclassification adjustments recognized in net income 337 (125 ) 212 Net change in pension and other benefit liabilities 3 168 (82 ) 86 Other comprehensive income (loss) attributable to The Coca-Cola Company $ (4,577 ) $ 180 $ (4,397 ) 1 Refer to Note 5 for additional information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments. 2 Includes reclassification adjustments related to divestitures of certain available-for-sale securities. Refer to Note 3 for additional information related to these divestitures. 3 Refer to Note 13 for additional information related to the Company's pension and other postretirement benefit liabilities. Before-Tax Amount Income Tax After-Tax Amount 2014 Foreign currency translation adjustments: Translation adjustment arising during the year $ (2,560 ) $ 183 $ (2,377 ) Net foreign currency translation adjustment (2,560 ) 183 (2,377 ) Derivatives: Unrealized gains (losses) arising during the year 620 (231 ) 389 Reclassification adjustments recognized in net income (50 ) 18 (32 ) Net gain (loss) on derivatives 1 570 (213 ) 357 Available-for-sale securities: Unrealized gains (losses) arising during the year 1,139 (412 ) 727 Reclassification adjustments recognized in net income (17 ) 4 (13 ) Net change in unrealized gain (loss) on available-for-sale securities 2 1,122 (408 ) 714 Pension and other benefit liabilities: Net pension and other benefits arising during the year (1,666 ) 588 (1,078 ) Reclassification adjustments recognized in net income 60 (21 ) 39 Net change in pension and other benefit liabilities 3 (1,606 ) 567 (1,039 ) Other comprehensive income (loss) attributable to The Coca-Cola Company $ (2,474 ) $ 129 $ (2,345 ) 1 Refer to Note 5 for additional information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments. 2 Includes reclassification adjustments related to divestitures of certain available-for-sale securities. Refer to Note 3 for additional information related to these divestitures. 3 Refer to Note 13 for additional information related to the Company's pension and other postretirement benefit liabilities. Before-Tax Amount Income Tax After-Tax Amount 2013 Foreign currency translation adjustments: Translation adjustment arising during the year $ (1,046 ) $ 56 $ (990 ) Reclassification adjustments recognized in net income (194 ) — (194 ) Net foreign currency translation adjustment (1,240 ) 56 (1,184 ) Derivatives: Unrealized gains (losses) arising during the year 425 (173 ) 252 Reclassification adjustments recognized in net income (167 ) 66 (101 ) Net gain (loss) on derivatives 1 258 (107 ) 151 Available-for-sale securities: Unrealized gains (losses) arising during the year (134 ) 42 (92 ) Reclassification adjustments recognized in net income 12 — 12 Net change in unrealized gain (loss) on available-for-sale securities 2 (122 ) 42 (80 ) Pension and other benefit liabilities: Net pension and other benefits arising during the year 1,490 (550 ) 940 Reclassification adjustments recognized in net income 198 (72 ) 126 Net change in pension and other benefit liabilities 3 1,688 (622 ) 1,066 Other comprehensive income (loss) attributable to The Coca-Cola Company $ 584 $ (631 ) $ (47 ) 1 Refer to Note 5 for additional information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments. 2 Includes reclassification adjustments related to divestitures of certain available-for-sale securities. Refer to Note 3 for additional information related to these divestitures. 3 Refer to Note 13 for additional information related to the Company's pension and other postretirement benefit liabilities.
Disclosure of Reclassification Amount [Text Block]	The following table presents the amounts and line items in our consolidated statements of income where adjustments reclassified from AOCI into income were recorded during the year ended December 31, 2015 (in millions): Description of AOCI Component Financial Statement Line Item Amount Reclassified from AOCI into Income Foreign currency translation adjustments: Divestitures, deconsolidations and other Other income (loss) — net $ 63 Income before income taxes $ 63 Income taxes (14 ) Consolidated net income $ 49 Derivatives: Foreign currency contracts Net operating revenues $ (630 ) Foreign currency and commodity contracts Cost of goods sold (59 ) Foreign currency contracts Other income (loss) — net 40 Foreign currency and interest rate contracts Interest expense 11 Income before income taxes $ (638 ) Income taxes 241 Consolidated net income $ (397 ) Available-for-sale securities: Sale of securities Other income (loss) — net $ (61 ) Income before income taxes $ (61 ) Income taxes 22 Consolidated net income $ (39 ) Pension and other benefit liabilities: Recognized net actuarial loss (gain) * $ 358 Recognized prior service cost (credit) * (21 ) Income before income taxes $ 337 Income taxes (125 ) Consolidated net income $ 212 * This component of AOCI is included in the Company's computation of net periodic benefit cost and is not reclassified out of AOCI into a single line item in our consolidated statements of income in its entirety. Refer to Note 13 for additional information.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets and liabilities measured at fair value on a recurring basis	The following tables summarize those assets and liabilities measured at fair value on a recurring basis (in millions): December 31, 2015 Level 1 Level 2 Level 3 Netting Adjustment 1 Fair Value Measurements Assets: Trading securities 2 $ 183 $ 135 $ 4 $ — $ 322 Available-for-sale securities 2 3,913 4,574 119 3 — 8,606 Derivatives 4 2 1,268 — (638 ) 5 632 7 Total assets $ 4,098 $ 5,977 $ 123 $ (638 ) $ 9,560 Liabilities: Derivatives 4 $ 24 $ 635 $ — $ (488 ) 6 $ 171 7 Total liabilities $ 24 $ 635 $ — $ (488 ) $ 171 1 Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle net positive and negative positions and also cash collateral held or placed with the same counterparties. There are no amounts subject to legally enforceable master netting agreements that management has chosen not to offset or that do not meet the offsetting requirements. Refer to Note 5 . 2 Refer to Note 3 for additional information related to the composition of our trading securities and available-for-sale securities. 3 Primarily related to long-term debt securities that mature in 2018. 4 Refer to Note 5 for additional information related to the composition of our derivative portfolio. 5 The Company is obligated to return $184 million in cash collateral it has netted against its derivative position. 6 The Company has the right to reclaim $17 million in cash collateral it has netted against its derivative position. 7 The Company's derivative financial instruments are recorded at fair value in our consolidated balance sheet as follows: $ 79 million in the line item prepaid expenses and other assets; $ 553 million in the line item other assets; and $ 171 million in the line item other liabilities. Refer to Note 5 for additional information related to the composition of our derivative portfolio. December 31, 2014 Level 1 Level 2 Level 3 Netting Adjustment 1 Fair Value Measurements Assets: Trading securities 2 $ 228 $ 177 $ 4 $ — $ 409 Available-for-sale securities 2 4,116 3,627 136 3 — 7,879 Derivatives 4 9 1,721 — (437 ) 1,293 5 Total assets $ 4,353 $ 5,525 $ 140 $ (437 ) $ 9,581 Liabilities: Derivatives 4 $ 2 $ 558 $ — $ (437 ) $ 123 5 Total liabilities $ 2 $ 558 $ — $ (437 ) $ 123 1 Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle net positive and negative positions and also cash collateral held or placed with the same counterparties. There are no amounts subject to legally enforceable master netting agreements that management has chosen not to offset or that do not meet the offsetting requirements. Refer to Note 5 . 2 Refer to Note 3 for additional information related to the composition of our trading securities and available-for-sale securities. 3 Primarily related to long-term debt securities that mature in 2018. 4 Refer to Note 5 for additional information related to the composition of our derivative portfolio. 5 The Company's derivative financial instruments are recorded at fair value in our consolidated balance sheet as follows: $ 567 million in the line item prepaid expenses and other assets; $ 726 million in the line item other assets; $ 14 million in the line item accounts payable and accrued expenses; and $ 109 million in the line item other liabilities. Refer to Note 5 for additional information related to the composition of our derivative portfolio.
Assets measured at fair value on a nonrecurring basis	The gains or losses on assets measured at fair value on a nonrecurring basis are summarized in the table below (in millions): Gains (Losses) December 31, 2015 2014 Assets held for sale 1 $ (980 ) $ (494 ) Intangible assets (473 ) 2 (18 ) 2 Investment in formerly unconsolidated subsidiary (19 ) 3 — Valuation of shares in equity method investee (6 ) 4 (32 ) 4 Total $ (1,478 ) $ (544 ) 1 The Company is required to record assets and liabilities that are held for sale at the lower of carrying value or fair value less any costs to sell based on the agreed-upon sale price. These charges primarily related to refranchising activities in North America. The charges were calculated based on Level 3 inputs. Refer to Note 2. 2 The Company recognized losses of $473 million and $18 million during the years ended December 31, 2015 and 2014 , respectively, due to impairment charges on certain intangible assets. The charges incurred during 2015 included $418 million of impairment charges primarily due to the discontinuation of the energy products in the glacéau portfolio as a result of the Monster Transaction and a $55 million impairment charge on a Venezuelan trademark. The charges were determined by comparing the fair value of the assets to the current carrying value. The fair value of the assets was derived using discounted cash flow analyses based on Level 3 inputs. Refer to Note 1, Note 2 and Note 17. 3 The Company recognized a loss of $19 million on our previously held investment in a South African bottler, which had been accounted for under the equity method of accounting prior to our acquisition of the bottler in February 2015. U.S. GAAP requires the acquirer to remeasure its previously held noncontrolling equity interest in the acquired entity to fair value as of the acquisition date and recognize any gains or losses in earnings. The Company remeasured our equity interest in the South African bottler based on Level 3 inputs. Refer to Note 2. 4 In 2014, the Company recognized an estimated loss of $32 million as a result of the owners of the majority interest in a Brazilian bottling entity exercising their option to acquire from us a 10 percent interest in the entity's outstanding shares. The exercise price was lower than our carrying value. The transaction closed in January 2015, and the Company recorded an additional loss of $6 million during the year ended December 31, 2015 , calculated based on the final option price. These losses were determined using Level 3 inputs. Refer to Note 2 and Note 17.
Summary of the fair value of pension plan assets for U.S. and non-U.S. pension plans	The following table summarizes the levels within the fair value hierarchy for our pension plan assets as of December 31, 2015 and 2014 (in millions): December 31, 2015 December 31, 2014 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 128 $ 148 $ — $ 276 $ 161 $ 100 $ — $ 261 Equity securities: U.S.-based companies 1,562 — 1 1,563 1,793 6 17 1,816 International-based companies 802 5 10 817 1,050 13 — 1,063 Fixed-income securities: Government bonds — 736 1 737 — 863 3 866 Corporate bonds and debt securities — 1,171 2 1,173 — 1,533 33 1,566 Mutual, pooled and commingled funds 77 1,046 — 1,123 98 1,134 31 1,263 Hedge funds/limited partnerships — 205 559 764 — 215 584 799 Real estate — — 464 464 — 16 392 408 Other — 15 757 1 772 — 14 846 1 860 Total $ 2,569 $ 3,326 $ 1,794 $ 7,689 $ 3,102 $ 3,894 $ 1,906 $ 8,902 1 Includes purchased annuity contracts and insurance-linked securities.
Reconciliation of the beginning and ending balance of Level 3 assets for U.S. and non-U.S. pension plans	The following table provides a reconciliation of the beginning and ending balance of Level 3 assets for our U.S. and non-U.S. pension plans for the years ended December 31, 2015 and 2014 (in millions): Fixed-Income Securities Hedge Funds/Limited Partnerships Real Estate Equity Securities Mutual, Pooled and Commingled Funds Other Total 2014 Balance at beginning of year $ 89 $ 353 $ 251 $ 15 $ — $ 584 $ 1,292 Actual return on plan assets: Related to assets still held at the reporting date 17 (17 ) 29 1 — 50 80 Related to assets sold during the year (2 ) 42 7 — — — 47 Purchases, sales and settlements — net (41 ) 198 106 1 31 241 536 Transfers in or out of Level 3 — net (27 ) 9 — — — — (18 ) Foreign currency translation — (1 ) (1 ) — — (29 ) (31 ) Balance at end of year $ 36 $ 584 $ 392 $ 17 $ 31 $ 846 1 $ 1,906 2015 Balance at beginning of year $ 36 $ 584 $ 392 $ 17 $ 31 $ 846 $ 1,906 Actual return on plan assets: Related to assets still held at the reporting date 1 (14 ) 32 (6 ) — 42 55 Related to assets sold during the year (4 ) 45 6 — — — 47 Purchases, sales and settlements — net (6 ) (74 ) 32 — (2 ) (76 ) 2 (126 ) Transfers in or out of Level 3 — net (24 ) 21 2 — (29 ) (3 ) (33 ) Foreign currency translation — (3 ) — — — (52 ) (55 ) Balance at end of year $ 3 $ 559 $ 464 $ 11 $ — $ 757 1 $ 1,794 1 Includes purchased annuity contracts and insurance-linked securities. 2 Includes the transfer of assets associated with the Company's consolidated German bottling operations to assets held for sale and liabilities held for sale as of December 31, 2015. Refer to Note 2 for additional information.
Summary of the fair value of postretirement benefit plan assets	The following table summarizes the levels within the fair value hierarchy for our other postretirement benefit plan assets as of December 31, 2015 and 2014 (in millions): December 31, 2015 December 31, 2014 Level 1 Level 2 Level 3 1 Total Level 1 Level 2 Level 3 1 Total Cash and cash equivalents $ 1 $ 7 $ — $ 8 $ 9 $ 1 $ — $ 10 Equity securities: U.S.-based companies 116 — — 116 114 — — 114 International-based companies 6 — — 6 7 — — 7 Fixed-income securities: Government bonds 77 3 — 80 76 3 — 79 Corporate bonds and debt securities — 8 — 8 — 9 — 9 Mutual, pooled and commingled funds 10 5 — 15 10 6 — 16 Hedge funds/limited partnerships — 1 4 5 — 1 4 5 Real estate — — 3 3 — — 3 3 Other — — 4 4 — — 3 3 Total $ 210 $ 24 $ 11 $ 245 $ 216 $ 20 $ 10 $ 246 1 Level 3 assets are not a significant portion of other postretirement benefit plan assets.

PRODUCTIVITY, INTEGRATION AND47

PRODUCTIVITY, INTEGRATION AND RESTRUCTURING INITIATIVES (Tables)	12 Months Ended
	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
Productivity and Reinvestment	The following table summarizes the balance of accrued expenses related to these productivity and reinvestment initiatives and the changes in the accrued amounts since the commencement of the plan (in millions): Severance Pay and Benefits Outside Services Other Direct Costs Total 2013 Accrued balance as of January 1 $ 12 $ 6 $ 8 $ 26 Costs incurred 188 59 247 494 Payments (113 ) (59 ) (209 ) (381 ) Noncash and exchange 1 — (28 ) (27 ) Accrued balance as of December 31 $ 88 $ 6 $ 18 $ 112 2014 Costs incurred $ 277 $ 77 $ 247 $ 601 Payments (103 ) (79 ) (220 ) (402 ) Noncash and exchange (2 ) — (24 ) (26 ) Accrued balance as of December 31 $ 260 $ 4 $ 21 $ 285 2015 Costs incurred $ 269 $ 56 $ 366 $ 691 Payments (200 ) (47 ) (265 ) (512 ) Noncash and exchange (185 ) 1 (5 ) (70 ) (260 ) Accrued balance as of December 31 $ 144 $ 8 $ 52 $ 204 1 Includes pension settlement charges. Refer to Note 13.

OPERATING SEGMENTS (Tables)

OPERATING SEGMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting Information [Line Items]
Schedule of total net operating revenues related to concentrate and finished products operation	The following table sets forth the percentage of total net operating revenues related to concentrate operations and finished product operations: Year Ended December 31, 2015 2014 2013 Concentrate operations 1 37 % 38 % 38 % Finished product operations 2 63 62 62 Total 100 % 100 % 100 % 1 Includes concentrates sold by the Company to authorized bottling partners for the manufacture of fountain syrups. The bottlers then typically sell the fountain syrups to wholesalers or directly to fountain retailers. 2 Includes fountain syrups manufactured by the Company, including consolidated bottling operations, and sold to fountain retailers or to authorized fountain wholesalers or bottling partners who resell the fountain syrups to fountain retailers.
Schedule of net revenue and property plant and equipment by Geography	The following table provides information related to our net operating revenues (in millions): Year Ended December 31, 2015 2014 2013 United States $ 20,360 $ 19,763 $ 19,820 International 23,934 26,235 27,034 Net operating revenues $ 44,294 $ 45,998 $ 46,854 The following table provides information related to our property, plant and equipment — net (in millions): Year Ended December 31, 2015 2014 2013 United States $ 8,266 $ 8,683 $ 8,841 International 4,305 5,950 6,126 Property, plant and equipment — net $ 12,571 $ 14,633 $ 14,967
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Information about our Company's operations by operating segment as of and for the years ended December 31, 2015 , 2014 and 2013 , is as follows (in millions): Eurasia & Africa Europe Latin America North America Asia Pacific Bottling Investments Corporate Eliminations Consolidated 2015 Net operating revenues: Third party $ 2,423 $ 4,543 $ 3,999 $ 21,784 $ 4,707 $ 6,682 $ 156 $ — $ 44,294 Intersegment 36 585 75 18 545 49 10 (1,318 ) — Total net revenues 2,459 5,128 4,074 21,802 5,252 6,731 166 (1,318 ) 44,294 Operating income (loss) 987 2,888 2,169 2,490 2,189 — (1,995 ) — 8,728 Interest income — — — 9 — — 604 — 613 Interest expense — — — — — — 856 — 856 Depreciation and amortization 44 59 41 1,217 85 367 157 — 1,970 Equity income (loss) — net 14 25 (7 ) (17 ) 9 425 40 — 489 Income (loss) before income taxes 1,004 2,919 2,164 1,475 2,207 454 (618 ) — 9,605 Identifiable operating assets 1 1,148 3,008 2 1,627 32,042 1,639 7,042 2 27,799 — 74,305 Investments 3 1,061 77 657 118 158 8,073 5,644 — 15,788 Capital expenditures 19 35 70 1,341 81 735 272 — 2,553 2014 Net operating revenues: Third party $ 2,730 $ 4,844 $ 4,597 $ 21,462 $ 5,257 $ 6,972 $ 136 $ — $ 45,998 Intersegment — 692 60 17 489 67 — (1,325 ) — Total net revenues 2,730 5,536 4,657 21,479 5,746 7,039 136 (1,325 ) 45,998 Operating income (loss) 1,084 2,852 2,316 2,447 2,448 9 (1,448 ) — 9,708 Interest income — — — — — — 594 — 594 Interest expense — — — — — — 483 — 483 Depreciation and amortization 47 75 56 1,195 96 315 192 — 1,976 Equity income (loss) — net 35 31 10 (16 ) 12 691 6 — 769 Income (loss) before income taxes 1,125 2,892 2,319 1,633 2,464 715 (1,823 ) — 9,325 Identifiable operating assets 1 1,298 3,358 2 2,426 33,066 1,793 6,975 2 29,482 — 78,398 Investments 3 1,081 90 757 48 157 8,781 2,711 — 13,625 Capital expenditures 30 54 55 1,293 76 628 270 — 2,406 2013 Net operating revenues: Third party $ 2,763 $ 4,645 $ 4,748 $ 21,574 $ 5,372 $ 7,598 $ 154 $ — $ 46,854 Intersegment — 689 191 16 497 78 — (1,471 ) — Total net revenues 2,763 5,334 4,939 21,590 5,869 7,676 154 (1,471 ) 46,854 Operating income (loss) 1,087 2,859 2,908 2,432 2,478 115 (1,651 ) — 10,228 Interest income — — — — — — 534 — 534 Interest expense — — — — — — 463 — 463 Depreciation and amortization 42 86 58 1,192 130 335 134 — 1,977 Equity income (loss) — net 22 24 13 2 19 524 (2 ) — 602 Income (loss) before income taxes 1,109 2,923 2,920 2,434 2,494 679 (1,082 ) — 11,477 Identifiable operating assets 1 1,273 3,713 2 2,918 33,964 1,922 7,011 2 27,742 — 78,543 Investments 3 1,157 106 545 49 143 9,424 88 — 11,512 Capital expenditures 40 34 63 1,374 117 643 279 — 2,550 1 Principally cash and cash equivalents, short-term investments, marketable securities, trade accounts receivable, inventories, goodwill, trademarks and other intangible assets, and property, plant and equipment — net. 2 Property, plant and equipment — net in Germany represented 10 percent of consolidated property, plant and equipment — net in 2015 , 10 percent in 2014 and 11 percent in 2013 . The 2015 amount includes property, plant and equipment — net classified as held for sale. 3 Principally equity method investments and other investments in bottling companies.

NET CHANGE IN OPERATING ASSET49

NET CHANGE IN OPERATING ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2015
NET CHANGE IN OPERATING ASSETS AND LIABILITIES DISCLOSURE [Abstract]
Net change in operating assets and liabilities	Net cash provided by (used in) operating activities attributable to the net change in operating assets and liabilities is composed of the following (in millions): Year Ended December 31, 2015 2014 2013 (Increase) decrease in trade accounts receivable $ (212 ) $ (253 ) $ 28 (Increase) decrease in inventories (250 ) 35 (105 ) (Increase) decrease in prepaid expenses and other assets 123 194 (163 ) Increase (decrease) in accounts payable and accrued expenses 1,004 (250 ) (158 ) Increase (decrease) in accrued taxes (306 ) 151 22 Increase (decrease) in other liabilities (516 ) (316 ) (556 ) Net change in operating assets and liabilities $ (157 ) $ (439 ) $ (932 )

SUBSEQUENT EVENT SUBSEQUENT EVE

SUBSEQUENT EVENT SUBSEQUENT EVENT (Tables)	12 Months Ended
	Dec. 31, 2015
Subsequent Event [Line Items]
Assets and Liabilities held-for-sale after Year-End Period [Table Text Block]	The following table presents information related to the major classes of assets and liabilities related to these additional territories, which were included in the North America operating segment (in millions): Inventories $ 4 Prepaid expenses and other assets 1 Property, plant and equipment — net 62 Bottlers' franchise rights with indefinite lives 273 Goodwill 10 Other intangible assets 13 Allowance for reduction of assets held for sale (296 ) Total assets $ 67 Accounts payable and accrued expenses $ 1 Other liabilities 1 Deferred income taxes 19 Total liabilities $ 21

BUSINESS AND SUMMARY OF SIGNI51

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)shares	Dec. 31, 2013USD ($)shares
Summary of Significant Accounting Policies [Abstract]
Number of brands owned or licensed and marketed by reporting entity	500
Number, of the top five brands in the world, of owned and marketed nonalcoholic sparkling beverage brands	4
Number of countries where finished beverage products bearing our trademarks are sold	200
Beverage servings consumed per day, number	58,000,000,000
Beverage servings consumed per day which bears trademarks owned by or licensed by the entity, number	1,900,000,000
Period of marketing agreement with customers, high end of the range (in years)	10
Amortization expense for infrastructure programs	$ 61	$ 72	$ 69
Aggregate deductions for expenses including amortization expense, incurred in relation to infrastructure programs	6,800	7,000	6,900
Advertising costs included in selling, general and administrative expenses	4,000	3,500	3,300
Advertising and production costs recorded in prepaid expenses and other assets	207	228
Shipping and handling costs included in selling, general and administrative expenses	$ 2,500	$ 2,700	$ 2,700
Stock option award excluded from computation of diluted net income per share (in millions of shares) | shares	27	38	28
Investments classified as cash equivalents, maximum maturity period (in months)	3
Investments classified as short term investments maturity period, low end of the range (in months)	3
Investments classified as short term investments maturity period, high end of the range (in years)	1
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Property, Plant and Equipment
Depreciation expense	$ 1,735	$ 1,716	$ 1,727
Amortization for leasehold improvements	$ 18	$ 20	$ 16
Goodwill, Trademarks and Other Intangible Assets
Finite Lived Intangible Assets, Minimum Useful Life	1 year
Finite Lived Intangible Assets, Maximum Useful Life	20 years
Indefinite-lived intangible assets, other than goodwill, for which a qualitative assessment was performed on	25.00%
Goodwill for which a qualitative assessment was performed on	10.00%
Buildings and improvements
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life, Maximum	40 years
Machinery equipment and vehicle fleet
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life, Maximum	20 years

BUSINESS AND SUMMARY OF SIGNI52

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Not primary beneficiary
Variable interest entity
VIEs maximum exposures to loss	$ 2,687	$ 2,274
Primary beneficiary
Variable interest entity
VIEs maximum exposures to loss	$ 221	$ 266

BUSINESS AND SUMMARY OF SIGNI53

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) - Allowance for doubtful accounts - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Activity in the allowance for doubtful accounts
Balance at beginning of year	$ 331	$ 61	$ 53
Net charges to costs and expenses	45	308	30
Write-offs	(10)	(13)	(14)
Other	(14)	(25)	(8)
Balance at end of year	$ 352	$ 331	$ 61

BUSINESS AND SUMMARY OF SIGNI54

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) $ in Millions	3 Months Ended			12 Months Ended
	Apr. 03, 2015USD ($)	Dec. 31, 2014USD ($)	Mar. 28, 2014USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Apr. 01, 2016
Translation and Remeasurement
Remeasurement Charges on Subsidiary Assets				$ 27	$ 372
Venezuelan subsidiary
Translation and Remeasurement
Official exchange rate set by government for nonessential goods (in bolivars per U.S.dollar)			6.3				10
SCIAD 1 Rate			10.8
SCIAD 2 Rate		49.9883	50.9		49.9883
Remeasurement Charges on Subsidiary Assets				27	$ 372
Accounts Receivable Write-Down				56	296
Impairment of Intangible Assets (Excluding Goodwill)				55	$ 18
Net Monetary Assets, Receivables and Intangible Assets				100
Cash and Cash equivalents				15
SIMADI Rate							203
Corporate
Translation and Remeasurement
Impairment of Intangible Assets (Excluding Goodwill)				$ 418
Corporate | Venezuelan subsidiary
Translation and Remeasurement
Remeasurement Charges on Subsidiary Assets	$ 27	$ 146	$ 226			$ 140

ACQUISITIONS AND DIVESTITURES55

ACQUISITIONS AND DIVESTITURES (Details) - USD ($) shares in Millions, $ in Millions

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

60 Months Ended

Apr. 01, 2016

Jul. 03, 2015

Mar. 29, 2013

Jun. 28, 2013

Feb. 11, 2015

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2019

Jun. 12, 2015

Jun. 27, 2014

May. 01, 2014

Mar. 28, 2014

Feb. 27, 2014

Jul. 03, 2013

Significant Acquisitions and Disposals [Line Items]

Indefinite-Lived Trademarks

$ 5,989

$ 6,533

Acquisitions and Investments, Principally Beverage and Bottling Companies and Trademarks

2,491

389

$ 353

Payments for (Proceeds from) Other Investing Activities

40

268

303

Proceeds from disposals of businesses, equity method investments and nonmarkatable securities

$ 565

$ 148

872

Produced volume percentage in the US

95.00%

Percentage of shares sold or to be sold through options

10.00%

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

$ (296)

Net Gains From Investee Transactions, Equity Investment Sales and other gains

$ 501

Corporate

Significant Acquisitions and Disposals [Line Items]

Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss

$ 19

Equity Method Investment, Realized Gain (Loss) on Disposal

(6)

$ (32)

Gain (Loss) on Disposition of Business

1,715

Net Gains From Investee Transactions, Equity Investment Sales and other gains

1,403

Impairment of Intangible Assets (Excluding Goodwill)

$ 418

Brazilian Bottling Operations

Significant Acquisitions and Disposals [Line Items]

Equity Method Investment, Ownership Percentage

34.00%

44.00%

Percentage of shares sold or to be sold through options

24.00%

10.00%

Equity Method Investment, Realized Gain (Loss) on Disposal

$ (6)

$ (32)

North America Territory [Member]

Significant Acquisitions and Disposals [Line Items]

Agreement Term

10 years

Agreement Renewal Term

10 years

Proceeds from Sale of Productive Assets

$ 362

143

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

$ (1,006)

(799)

Philippines Bottling Operations

Significant Acquisitions and Disposals [Line Items]

Equity Method Investment, Ownership Percentage

49.00%

Ownership Interest Sold

51.00%

Equity Method Investee [Member]

Significant Acquisitions and Disposals [Line Items]

Proceeds from Sale of Productive Assets

$ 83

$ 42

Monster Beverage Corporation [Member]

Significant Acquisitions and Disposals [Line Items]

Other intangible assets

341

Proceeds from Sale of Intangible Assets

28

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

$ (313)

CCEAG [Member]

Significant Acquisitions and Disposals [Line Items]

Put Option Exercise Price

$ 503

Ownership Percentage by Parent

100.00%

Monster Beverage Corporation [Member]

Significant Acquisitions and Disposals [Line Items]

Equity Method Investments, Fair Value Disclosure

$ 3,066

Indefinite-lived Intangible Assets Acquired

$ 1,035

$ 640

Noncash or Part Noncash Acquisition, Value of Assets Acquired

4,196

Indefinite-Lived Trademarks

$ 95

Acquisitions and Investments, Principally Beverage and Bottling Companies and Trademarks

$ 1,620

Equity Method Investment, Ownership Percentage

17.00%

Payments to Acquire Businesses, Gross

$ 2,150

Payments for (Proceeds from) Other Investing Activities

530

Escrow Deposit

$ 125

Other Significant Noncash Transaction, Value of Consideration Given

$ 2,046

Term of License Agreement

20 years

Green Mountain Coffee Roasters, Inc. [Member]

Significant Acquisitions and Disposals [Line Items]

Available for Sale Securities, Percent

2.00%

16.00%

Available for sale security, Shares

6.4

6.5

Available-for-sale Securities, Equity Securities

$ 830

$ 302

$ 1,265

Business Acquisition, Transaction Costs

$ 14

Coca-Cola Beverage Africa [Member]

Significant Acquisitions and Disposals [Line Items]

Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss

$ 19

Equity Method Investment, Ownership Percentage

11.00%

Coca-Cola European Partners [Member]

Significant Acquisitions and Disposals [Line Items]

Equity Method Investment, Ownership Percentage

18.00%

Remaining portion of options to be acquired until December 2019, by an equity investment majority owner | Brazilian Bottling Operations

Significant Acquisitions and Disposals [Line Items]

Percentage of shares sold or to be sold through options

14.00%

Other Nonoperating Income (Expense) [Member]

Significant Acquisitions and Disposals [Line Items]

Impairment of Intangible Assets (Excluding Goodwill)

$ 380

Other Nonoperating Income (Expense) [Member] | Green Mountain Coffee Roasters, Inc. [Member]

Significant Acquisitions and Disposals [Line Items]

Derivative, Loss on Derivative

$ 47

$ 58

ACQUISITIONS AND DIVESTITURES56

ACQUISITIONS AND DIVESTITURES (Details 2) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 28, 2013	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Jul. 03, 2013
Monster Beverage Corporation [Member]
Divestitures
Total assets				$ 43
Coca-Cola Beverage Africa [Member]
Divestitures
Total assets			$ 398	333
Total liabilities			86	36
Others [Member]
Divestitures
Total assets			19	80
North America Territory [Member]
Divestitures
Total assets			589	223
Total liabilities			123	22
Total Bottling Operations Held for Sale
Divestitures
Cash, cash equivalents and short-term investments			143	30
Trade Accounts Receivable, less allowances			485	100
Inventories			276	54
Prepaid expenses and other assets			83	7
Equity Method Investments			92	141
Other Assets			25	3
Property, plant and equipment - net			2,021	303
Bottlers' franchise rights with indefinite lives			1,020	410
Trademarks			0	43
Goodwill			333	46
Other Intangible Assets, Held for Sale			115	36
Allowance for reduction of assets, held for sale			(693)	(494)
Total assets			3,900	679
Accounts payable and accrued expenses			712	48
Current maturities of long term debt			12	0
Accrued income taxes			4	0
Long-term debt			74	0
Other liabilities			79	6
Deferred income taxes			252	4
Total liabilities			$ 1,133	$ 58
Brazilian Bottling Operations
Divestitures
Deconsolidation, Gain (Loss), Amount		$ 615
Equity Method Investment, Ownership Percentage			34.00%		44.00%
Philippines Bottling Operations
Divestitures
Equity Method Investment, Ownership Percentage			49.00%
Coca-Cola European Partners [Member]
Divestitures
Total assets			$ 2,894
Total liabilities			$ 924
Corporate
Divestitures
Deconsolidation, Gain (Loss), Amount	$ 615	$ 615

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Trading Securities
Trading securities, net unrealized gains (losses)	$ 19	$ 40	$ 12
Marketable securities	229	315
Other assets	93	94
Trading Securities	$ 322	$ 409

INVESTMENTS (Details 2)

INVESTMENTS (Details 2) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 28, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Available-for-sale securities, by type
Available-for-sale securities, cost		$ 8,166	$ 6,483
Available-for-sale Securities, Accumulated Gross Unrealized Gain		549	1,531
Available-for-sale Securities, Accumulated Gross Unrealized Loss		(109)	(135)
Available-for-sale securities, estimated fair value		8,606	7,879
Available-for-sale Securities, Gross Realized Losses		(42)	(21)	$ (24)
Equity securities
Available-for-sale securities, by type
Available-for-sale securities, cost		3,573	2,687
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain		485	1,463
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss		(84)	(29)
Available-for-sale securities, estimated fair value		3,974	4,121
Debt securities
Available-for-sale securities, by type
Available-for-sale securities, cost		4,593	3,796
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain		64	68
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss,		(25)	(106)
Available-for-sale securities, estimated fair value		$ 4,632	$ 3,758
Other income (loss) - net
Available-for-sale securities, by type
Available-for-sale Debt Securities, Gross Unrealized Loss	$ 101

INVESTMENTS (Details 3)

INVESTMENTS (Details 3) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Proceeds from Sale of Available-for-sale Securities	$ 4,043	$ 4,157	$ 4,212
Gross realized gains	103	38	12
Gross realized losses	(42)	(21)	$ (24)
Available-for-Sale Securities
Schedule of Available-for-sale Securities [Line Items]
Solvency Funds of Insurance Captive	$ 804	$ 836

INVESTMENTS (Details 4)

INVESTMENTS (Details 4) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Available-for-sale and held-to-maturity securities by balance sheet line item
Cash and cash equivalents	$ 7,309	$ 8,958	$ 10,414	$ 8,442
Marketable securities	4,269	3,665
OTHER INVESTMENTS	3,470	3,678
OTHER ASSETS	4,207	4,407
Available-for-sale securities	8,606	7,879
Available-for-Sale Securities
Available-for-sale and held-to-maturity securities by balance sheet line item
Cash and cash equivalents	361	43
Marketable securities	4,040	3,350
OTHER INVESTMENTS	3,280	3,512
OTHER ASSETS	925	974
Available-for-sale securities	$ 8,606	$ 7,879

INVESTMENTS (Details 5)

INVESTMENTS (Details 5) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, within 1 year, cost	$ 2,496
Available-for-sale securities, within 1 year, fair value	2,496
Available-for-sale securities, after 1 years through 5 years, cost	1,709
Available-for-sale securities, after 1 years through 5 years, fair value	1,728
Available-for-sale securities, after 5 years through 10 years, cost	111
Available-for-sale securities, after 5 years through 10 years, fair value	122
Available-for-sale securities, after 10 years, cost	277
Available-for-sale securities, after 10 years, fair value	286
Cost Method Investments [Abstract]
Cost method investments, carrying value	$ 190	$ 166

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Inventory balances
Raw materials and packaging	$ 1,564	$ 1,615
Finished goods	1,032	1,134
Other	306	351
Total inventories	$ 2,902	$ 3,100

HEDGING TRANSACTIONS AND DERI63

HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Derivatives Designated and Not Designated as Hedges
Maximum length of time over which future cash flow exposures are hedged (in years)	3 years
Derivatives Designated as Hedging Instruments, Assets, at Fair Value	$ 901	$ 1,429
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	369	301
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value	410	320
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	249	240
Anticipated gains (losses) cash flows hedges, estimated reclassification to earnings	697
Decrease in the carrying value of long-term debt, in relation to interest rate fair value hedge adjustment	86
Foreign currency contracts | Prepaid expenses and other assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivatives Designated as Hedging Instruments, Assets, at Fair Value	572	923
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	105	44
Foreign currency contracts | Other assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivatives Designated as Hedging Instruments, Assets, at Fair Value	246	346
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	241	231
Foreign currency contracts | Accounts payable and accrued expenses
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value	51	24
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	59	33
Foreign currency contracts | Other liabilities
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value	75	249
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	9	21
Commodity contracts | Prepaid expenses and other assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivatives Designated as Hedging Instruments, Assets, at Fair Value	1	0
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	2	9
Commodity contracts | Other assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	1	1
Commodity contracts | Accounts payable and accrued expenses
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value	0	1
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	154	156
Commodity contracts | Other liabilities
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	19	17
Interest rate contracts | Prepaid expenses and other assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivatives Designated as Hedging Instruments, Assets, at Fair Value	20	14
Interest rate contracts | Other assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivatives Designated as Hedging Instruments, Assets, at Fair Value	62	146
Interest rate contracts | Accounts payable and accrued expenses
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value	53	11
Interest rate contracts | Other liabilities
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value	231	35
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	1	2
Other Derivative Instruments | Prepaid expenses and other assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	17	14
Other Derivative Instruments | Other assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	3	2
Other Derivative Instruments | Accounts payable and accrued expenses
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	5	11
Other Derivative Instruments | Other liabilities
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	2	0
Cash Flow Hedges | Foreign currency contracts
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	10,383	13,224
Cash Flow Hedges | Cross Currency Swap
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	566	2,590
Cash Flow Hedges | Commodity contracts
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	8	9
Cash Flow Hedges | Interest Rate Swap [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	3,328	4,328
Fair Value Hedges | Available-for-Sale Securities
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	2,159	1,358
Fair Value Hedges | Interest Rate Swap [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	7,963	6,600
Net Investment Hedges
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	12,259	2,047
Net Investment Hedges | Foreign currency contracts
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	1,347	2,047
Not Designated as Hedging Instrument [Member] | Foreign currency contracts
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	3,605	4,334
Not Designated as Hedging Instrument [Member] | Commodity contracts
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	$ 893	$ 816

HEDGING TRANSACTIONS AND DERI64

HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flow Hedges
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in OCI	$ 835	$ 625	$ 441
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	625	50	167
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	13	0	(2)
Cash Flow Hedges | Interest rate contracts | Interest expense
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in OCI	(153)	(180)	169
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(3)	0	(12)
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	1	0	(3)
Cash Flow Hedges | Foreign currency contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	10,383	13,224
Cash Flow Hedges | Foreign currency contracts | Net operating revenues
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in OCI	949	973	218
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	618	121	149
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	12	0	1
Cash Flow Hedges | Foreign currency contracts | Interest expense
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in OCI	18
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(9)
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	0
Cash Flow Hedges | Foreign currency contracts | Other income (loss) - net
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in OCI	(38)	(218)
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(40)	(108)
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	0	0
Cash Flow Hedges | Foreign currency contracts | Cost of goods sold
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in OCI	60	50	52
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	62	34	32
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	0	0	0
Cash Flow Hedges | Currency Swap [Member]
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	566	2,590
Gain (Loss) Recognized in OCI	$ (92)
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer	10 years
Cash Flow Hedges | Interest rate swaps
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	$ 3,328	4,328
Cash Flow Hedges | Commodity contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	8	9
Cash Flow Hedges | Commodity contracts | Cost of goods sold
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in OCI	(1)	0	2
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(3)	3	(2)
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	0	0	0
Fair Value Hedges
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(24)	(4)	23
Fair Value Hedges | Interest expense
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(3)	29	47
Fair Value Hedges | Other income (loss) - net
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(21)	(33)	(24)
Fair Value Hedges | Interest rate contracts | Interest expense
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(172)	18	(193)
Fair Value Hedges | Foreign currency contracts | Other income (loss) - net
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	110	132	24
Fair Value Hedges | Available-for-Sale Securities
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	2,159	1,358
Fair Value Hedges | Available-for-Sale Securities | Other income (loss) - net
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(131)	(165)	(48)
Fair Value Hedges | Interest rate swaps
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	7,963	6,600
Fair Value Hedges | Fixed Rate Debt | Interest expense
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	169	11	240
Net Investment Hedges
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	12,259	2,047
Gain (Loss) Recognized in OCI	637	80	61
Net Investment Hedges | Foreign currency contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	1,347	2,047
Gain (Loss) Recognized in OCI	661	80	61
Net Investment Hedges | Euro Denominated Debt [Domain]
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	10,912	0
Gain (Loss) Recognized in OCI	(24)	0	0
Derivatives Not Designated as Hedging Instruments
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	(334)	(163)	111
Derivatives Not Designated as Hedging Instruments | Foreign currency contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	3,605	4,334
Derivatives Not Designated as Hedging Instruments | Foreign currency contracts | Net operating revenues
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	41	(6)	5
Derivatives Not Designated as Hedging Instruments | Foreign currency contracts | Other income (loss) - net
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	(92)	(85)	162
Derivatives Not Designated as Hedging Instruments | Foreign currency contracts | Cost of goods sold
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	3	0	2
Derivatives Not Designated as Hedging Instruments | Interest rate swaps | Interest expense
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	0	0	(3)
Derivatives Not Designated as Hedging Instruments | Commodity contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	893	816
Derivatives Not Designated as Hedging Instruments | Commodity contracts | Net operating revenues
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	(16)	(48)	5
Derivatives Not Designated as Hedging Instruments | Commodity contracts | Cost of goods sold
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	(209)	(8)	(122)
Derivatives Not Designated as Hedging Instruments | Commodity contracts | Selling, general and administrative expenses
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	(25)	(79)	7
Derivatives Not Designated as Hedging Instruments | Other Derivative Instruments | Other income (loss) - net
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	(37)	39	0
Derivatives Not Designated as Hedging Instruments | Other Derivative Instruments | Selling, general and administrative expenses
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	$ 1	$ 24	$ 55

EQUITY METHOD INVESTMENTS (Deta

EQUITY METHOD INVESTMENTS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Equity method investments, disclosures
Investment in equity method investees in excess of the proportionate share of net assets	$ 4,306
Summarized financial information - Income statement
Equity income (loss) - net	489	$ 769	$ 602
Summarized financial information - Balance sheet
Equity Method Investments	12,318	9,947
Other Equity Method Investees [Member]
Summarized financial information - Income statement
Net operating revenues	47,498	52,627	53,038
Cost of goods sold	28,749	31,810	32,377
Gross profit	18,749	20,817	20,661
Operating income	4,483	4,489	4,380
Consolidated net income	2,299	2,440	2,364
Less: Net income attributable to noncontrolling interests	65	74	62
Net income attributable to common shareowners	2,234	2,366	2,302
Summarized financial information - Balance sheet
Current Assets	17,524	16,184
Noncurrent assets	36,498	40,080
Total assets	54,022	56,264
Current liabilities	11,820	12,477
Noncurrent liabilities	14,467	16,657
Total liabilities	26,287	29,134
Equity attributable to shareowners of investees	26,854	26,363
Equity attributable to noncontrolling interests	881	767
Total Equity	27,735	27,130
Equity Method Investments	12,318	9,947
Other Equity Method Investments
Summary of significant transactions with equity method investees
Concentrate, syrup and finished product sales	8,984	10,063	9,178
Purchases of finished product	1,131	381	415
Marketing payments made by us	$ 1,380	$ 1,605	$ 1,807
Coca-Cola FEMSA
Equity method investments, disclosures
Ownership interest in Equity investee (as a percent)	28.00%
Coca-Cola Hellenic
Equity method investments, disclosures
Ownership interest in Equity investee (as a percent)	24.00%
Coca-Cola Amatil
Equity method investments, disclosures
Ownership interest in Equity investee (as a percent)	29.00%
Monster Beverage Corporation [Member]
Equity method investments, disclosures
Ownership interest in Equity investee (as a percent)	17.00%

EQUITY METHOD INVESTMENTS (De66

EQUITY METHOD INVESTMENTS (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]
Excess of quoted market value over carrying value	$ 7,225
Total net receivables due	1,399	$ 1,448
Dividends received	367	$ 398	$ 401
Retained Earnings, Undistributed Earnings from Equity Method Investees	$ 3,389

PROPERTY, PLANT AND EQUIPMENT67

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment
Property, plant and equipment, gross	$ 22,354	$ 25,258
Less accumulated depreciation	9,783	10,625
Property, plant and equipment-net	12,571	14,633	$ 14,967
Land
Property, Plant and Equipment
Property, plant and equipment, gross	717	972
Buildings and improvements
Property, Plant and Equipment
Property, plant and equipment, gross	4,914	5,541
Machinery equipment and vehicle fleet
Property, Plant and Equipment
Property, plant and equipment, gross	$ 16,723	$ 18,745

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) $ in Millions	3 Months Ended	12 Months Ended
	Jul. 03, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Indefinite-lived Intangible Assets
Indefinite-lived intangible assets		$ 23,442	$ 25,492
Definite-lived Intangible Assets
Gross carrying amount		1,405	1,579
Accumulated amortization		(715)	(699)
Net definite-lived intangible assets		690	880
Total amortization expense for intangible assets subject to amortization		156	168	$ 165
Amortization Expense
2,016		149
2,017		113
2,018		60
2,019		57
2,020		52
Trademarks
Indefinite-lived Intangible Assets
Indefinite-lived intangible assets		5,989	6,533
Definite-lived Intangible Assets
Gross carrying amount		211	222
Accumulated amortization		(44)	(39)
Net definite-lived intangible assets		167	183
Bottlers' Franchise Rights
Indefinite-lived Intangible Assets
Indefinite-lived intangible assets		6,000	6,689
Definite-lived Intangible Assets
Gross carrying amount		604	664
Accumulated amortization		(412)	(375)
Net definite-lived intangible assets		192	289
Goodwill
Indefinite-lived Intangible Assets
Indefinite-lived intangible assets		11,289	12,100
Other
Indefinite-lived Intangible Assets
Indefinite-lived intangible assets		164	170
Definite-lived Intangible Assets
Gross carrying amount		97	96
Accumulated amortization		(60)	(56)
Net definite-lived intangible assets		37	40
Customer Relationships
Definite-lived Intangible Assets
Gross carrying amount		493	597
Accumulated amortization		(199)	(229)
Net definite-lived intangible assets		294	368
Dr Pepper Snapple Group [Member]
Indefinite-lived Intangible Assets
Indefinite-Lived License Agreements		$ 652	$ 784
Remaining Term of License Agreement		15
Renewal Period of License Agreement		20
Monster Beverage Corporation [Member]
Indefinite-lived Intangible Assets and Definite-lived Intangible Assets
Indefinite-lived Intangible Assets Acquired	$ 1,035	$ 640
Term of License Agreement		20 years

INTANGIBLE ASSETS (Details 2)

INTANGIBLE ASSETS (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill by operating segment
Balance as of January 1	$ 12,100	$ 12,312
Effect of foreign currency translation	(164)	(99)
Acquisitions	27	30
Adjustments related to the finalization of purchase accounting	4	(61)
Impairment	(4)		$ (82)
Divestitures, deconsolidations and other	(674)	(82)
Balance as of December 31	11,289	12,100	12,312
Eurasia and Africa
Goodwill by operating segment
Balance as of January 1	27	36
Effect of foreign currency translation	(7)	(2)
Acquisitions	0	0
Adjustments related to the finalization of purchase accounting	0	(4)
Impairment	0
Divestitures, deconsolidations and other	0	(3)
Balance as of December 31	20	27	36
Europe
Goodwill by operating segment
Balance as of January 1	719	822
Effect of foreign currency translation	(98)	(60)
Acquisitions	0	0
Adjustments related to the finalization of purchase accounting	0	(43)
Impairment	0
Divestitures, deconsolidations and other	(3)	0
Balance as of December 31	618	719	822
Latin America
Goodwill by operating segment
Balance as of January 1	147	156
Effect of foreign currency translation	(24)	(9)
Acquisitions	0	0
Adjustments related to the finalization of purchase accounting	0	0
Impairment	0
Divestitures, deconsolidations and other	0	0
Balance as of December 31	123	147	156
North America
Goodwill by operating segment
Balance as of January 1	10,504	10,572
Effect of foreign currency translation	0	0
Acquisitions	27	11
Adjustments related to the finalization of purchase accounting	0	0
Impairment	0
Divestitures, deconsolidations and other	(390)	(79)
Balance as of December 31	10,141	10,504	10,572
Asia Pacific
Goodwill by operating segment
Balance as of January 1	131	117
Effect of foreign currency translation	2	(2)
Acquisitions	0	16
Adjustments related to the finalization of purchase accounting	0	0
Impairment	0
Divestitures, deconsolidations and other	0	0
Balance as of December 31	133	131	117
Bottling Investments
Goodwill by operating segment
Balance as of January 1	572	609
Effect of foreign currency translation	(37)	(26)
Acquisitions	0	3
Adjustments related to the finalization of purchase accounting	4	(14)
Impairment	(4)
Divestitures, deconsolidations and other	(281)	0
Balance as of December 31	$ 254	$ 572	$ 609

ACCOUNTS PAYABLE AND ACCRUED 70

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
ACCOUNTS PAYABLE AND ACCRUED EXPENSES Disclosure [Abstract]
Accrued marketing	$ 2,186	$ 2,103
Other accrued expenses	3,173	3,182
Trade accounts payable	2,795	2,089
Accrued compensation	936	997
Sales, payroll and other taxes	444	511
Container deposits	126	352
Accounts payable and accrued expenses	$ 9,660	$ 9,234

DEBT AND BORROWING ARRANGEMEN71

DEBT AND BORROWING ARRANGEMENTS (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Short-term Debt [Line Items]
Commercial paper borrowings outstanding	$ 13,035	$ 19,010
Weighted-average interest rates for commercial paper outstanding (as a percent)	0.50%	0.20%
Line of Credit Facility, Maximum Borrowing Capacity	$ 9,771
Lines of credit and other short-term credit facilities outstanding	95
Lines of credit for general corporate purposes	$ 8,340

DEBT AND BORROWING ARRANGEMEN72

DEBT AND BORROWING ARRANGEMENTS (Details 2) € in Millions, SFr in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2015EUR (€)	Dec. 31, 2015CHF (SFr)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Long-term debt
Issuance of long term debt	$ 4,000	€ 8,500	SFr 1,325	$ 3,537	$ 7,500
Gains (Losses) on Extinguishment of Debt	(320)
Long-term Debt, Fair Value	$ 31,308			$ 23,411
Debt instrument Average Rate (as a percent)	1.70%			2.20%
Fair value adjustment	$ (47)			$ 34
Net charge on exchange, repayment or extinguishment of long-term debt					50
Long-term Debt	31,084			22,615
Less current portion	2,677			3,552
Long-term debt non current	28,407			19,063
Total interest paid	515			498	498
Maturities of Long-Term Debt
2,016	2,677
2,017	3,368
2,018	3,302
2,019	2,294
2,020	$ 3,927
Swiss Franc Notes due 2017 [Member]
Long-term debt
Issuance of long term debt | SFr			200
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	0.00%
Swiss Franc Notes due 2022 [Member] [Domain]
Long-term debt
Issuance of long term debt | SFr			550
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	0.25%
Swiss Franc Notes due 2028 [Member] [Domain] [Domain]
Long-term debt
Issuance of long term debt | SFr			SFr 575
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.00%
euro notes due 2017[Member] [Domain]
Long-term debt
Issuance of long term debt | €		€ 2,000
Variable interest rate used	P3M	P3M	P3M
Basis spread on variable rate used (as a percent)	0.15%	0.15%	0.15%
euro notes due 2019 [Member] [Domain]
Long-term debt
Issuance of long term debt | €		€ 2,000
Variable interest rate used	P3M	P3M	P3M
Basis spread on variable rate used (as a percent)	0.23%	0.23%	0.23%
euro notes due 2023[Member] [Domain] [Domain]
Long-term debt
Issuance of long term debt | €		€ 1,500
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	0.75%
euro notes due at 2027 [Member] [Domain]
Long-term debt
Issuance of long term debt | €		1,500
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.125%
euro notes due 2035 [Member] [Domain]
Long-term debt
Issuance of long term debt | €		€ 1,500
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.625%
Notes Due 2017 [Member]
Long-term debt
Issuance of long term debt	$ 750
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	0.875%
Notes due 2020 [Member]
Long-term debt
Issuance of long term debt	$ 1,500
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.875%
Notes Due 2025 [Member]
Long-term debt
Issuance of long term debt	$ 1,750
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	2.875%
Total principal notes due September 1, 2015 [Member]
Long-term debt
Issuance of long term debt				$ 1,000
Variable interest rate used				P3M
Basis spread on variable rate used (as a percent)				0.01%
Total principal Euro notes due September 22, 2022 [Member]
Long-term debt
Issuance of long term debt				$ 1,015
Fixed interest rate (as a percent)				1.125%
Total principal Euro notes due September 22, 2026 [Member]
Long-term debt
Issuance of long term debt				$ 1,522
Fixed interest rate (as a percent)				1.875%
Total principal notes due March 5, 2015
Long-term debt
Issuance of long term debt					$ 500
Variable interest rate used					P3M
Basis spread on variable rate used (as a percent)					0.02%
Total principal notes due variable Nov 1, 2016 [Member]
Long-term debt
Issuance of long term debt					$ 500
Variable interest rate used					P3M
Basis spread on variable rate used (as a percent)					0.10%
Total principal notes due fixed Nov 1, 2016 [Member] [Member]
Long-term debt
Issuance of long term debt					$ 500
Fixed interest rate (as a percent)					0.75%
Total principal notes due April 1, 2018
Long-term debt
Issuance of long term debt					$ 1,250
Fixed interest rate (as a percent)					1.15%
Total principal notes due November 1, 2018
Long-term debt
Issuance of long term debt					$ 1,250
Fixed interest rate (as a percent)					1.65%
Total principal notes due November 1, 2020
Long-term debt
Issuance of long term debt					$ 1,250
Fixed interest rate (as a percent)					2.45%
Total principal notes due April 1, 2023
Long-term debt
Issuance of long term debt					$ 750
Fixed interest rate (as a percent)					2.50%
Total principal notes due November 1, 2023
Long-term debt
Issuance of long term debt					$ 1,500
Fixed interest rate (as a percent)					3.20%
U.S. dollar notes due 2016-2093
Long-term debt
Debt instrument Average Rate (as a percent)	2.10%			1.80%
Long-term Debt	$ 15,899			$ 17,433
U.S. dollar debentures due 2017-2098
Long-term debt
Debt instrument Average Rate (as a percent)	3.90%			3.90%
Long-term Debt	$ 2,122			$ 2,157
U.S. dollar zero coupon notes due in 2020
Long-term debt
Debt instrument Average Rate (as a percent)	8.40%			8.40%
Unamortized discounts as of the acquisition date	$ 23			$ 28
Long-term Debt	$ 148			$ 143
Euro notes due 2017 - 2027 [Member]
Long-term debt
Debt instrument Average Rate (as a percent)	0.60%			3.70%
Long-term Debt	$ 11,364			$ 2,468
Swiss franc notes due 2017 - 2028 [Member]
Long-term debt
Debt instrument Average Rate (as a percent)	0.90%			0.00%
Long-term Debt	$ 1,291			$ 0
Other, due through 2098
Long-term debt
Debt instrument Average Rate (as a percent)	4.20%			4.00%
Long-term Debt	$ 307			$ 380
Other, due through 2031
Long-term debt
Long-term Debt	156
Assumed long term debt | Coca-Cola Enterprises Inc.
Long-term debt
Fair value adjustment related to the debt assumed	$ 411			464
Fair value adjustments weighted-average amortization period (in years)	20	20	20
upon maturity
Long-term debt
Extinguishment of long-term debt	$ 3,500			$ 1,000	$ 1,250
Prior to Maturity
Long-term debt
Extinguishment of long-term debt	2,039				2,154
Gains (Losses) on Extinguishment of Debt	(320)
Prior to Maturity | Notes due on November 15 2017 [Domain]
Long-term debt
Extinguishment of long-term debt	$ 1,148
Extinguishment of Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	5.35%
Prior to Maturity | Notes due on March 15 2019 [Domain] [Domain]
Long-term debt
Extinguishment of long-term debt	$ 891
Extinguishment of Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.875%
Prior to Maturity | Total principal notes due August 15, 2013
Long-term debt
Extinguishment of long-term debt					$ 225
Extinguishment of Debt, Interest Rate, Stated Percentage					5.00%
Prior to Maturity | Total principal notes due March 3, 2014
Long-term debt
Extinguishment of long-term debt					$ 675
Extinguishment of Debt, Interest Rate, Stated Percentage					7.375%
Prior to Maturity | Total principal notes due March 15, 2014
Long-term debt
Extinguishment of long-term debt					$ 900
Extinguishment of Debt, Interest Rate, Stated Percentage					3.625%
Prior to Maturity | Total principal notes due March 1, 2015
Long-term debt
Extinguishment of long-term debt					$ 354
Extinguishment of Debt, Interest Rate, Stated Percentage					4.25%

COMMITMENTS AND CONTINGENCIES73

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	3 Months Ended	12 Months Ended
	Oct. 02, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Workforce (Unaudited)
Number of associates		123,200
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,016		$ 171
2,017		109
2,018		89
2,019		68
2,020		59
Thereafter		220
Total minimum operating lease payments		$ 716
North America
Workforce (Unaudited)
Number of associates covered by collective bargaining agreements		17,500
Collective bargaining agreements period, low end of range (in years)		3 years
Collective bargaining agreements period, high end of range (in years)		5 years
United States
Workforce (Unaudited)
Number of associates		60,900
Guarantees of indebtedness owed by third parties
Guarantees
Guarantees of indebtedness owed by third parties		$ 572
Guarantees of indebtedness related to VIEs		263
Risk Management Programs
Risk Management Programs
Self-insurance reserves		$ 560	$ 530
Tax Years 2007-2009 [Member]
Legal Contingencies
IRS Claim	$ 3,300

STOCK COMPENSATION PLANS (Detai

STOCK COMPENSATION PLANS (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
STOCK COMPENSATION PLANS [Abstract]
Total stock-based compensation expense	$ 236	$ 209	$ 227
Total income tax benefit recognized in consolidated statements of income for share-based compensation arrangements	65	$ 57	$ 62
Total unrecognized compensation cost related to nonvested share-based compensation arrangements granted	$ 319
Weighted-average period over which the total unrecognized compensation cost is expected to be recognized (in years)	1 year 9 months 34 days
Stock-based compensation awards
Percent of Total Awards per Performance period	70.00%
Percentage of awards not considered granted and no performance measure available in the reporting period	30.00%
Vesting period of stock-based awards (in years)	4 years
Weighted-average assumptions used in the Black Scholes Merton option pricing model
Fair value of options at grant date (in dollars per share)	$ 4.38	$ 3.91	$ 3.73
Dividend yield (as a percent)	3.10%	2.70%	2.80%
Expected volatility (as a percent)	16.00%	16.00%	17.00%
Risk-free interest rate (as a percent)	1.80%	1.60%	0.90%
Expected term of the option (in years)	6 years	5 years	5 years
Share-based compensation disclosure
Granted (in shares)	13,000,000
Exercised (in shares)	(44,000,000)	(58,000,000)	(53,000,000)
Forfeited/expired (in shares)	(8,000,000)
Outstanding on December 31	266,000,000	305,000,000
Expected to vest	264,000,000
Granted, Weighted-Average Exercise Price (in dollars per share)	$ 41.89
Exercised, Weighted-Average Exercise Price (in dollars per share)	28.31
Forfeited/expired, Weighted-Average Exercise Price (in dollars per share)	36.53
Outstanding on December 31, Weighted-Average Exercise Price (in dollars per share)	32.51	$ 31.60
Expected to vest, Weighted-Average Exercise Price (in dollars per share)	$ 32.45
Expected to Vest, Weighted Average Remaining Contractual Life (in years)	5 years 6 months 12 days
Outstanding on December 31, 2015, Weighted-Average Remaining Contractual Life (in years)	5 years 6 months 18 days
Outstanding on December 31, 2015, Aggregate Intrinsic Value (in dollars)	$ 2,786
Expected to vest, Aggregate Intrinsic Value (in dollars)	$ 2,775
Exercisable on December 31, 2015	178,000,000
Exercisable on December 31, 2015 weighted average exercise price (in dollars per share)	$ 29.92
Exercisable on December 31, 2015, Weighted-Average Remaining Contractual Life (in years)	4 years 5 months 6 days
Exercisable on December 31, 2015, Aggregate Intrinsic Value (in dollars)	$ 2,317
Total intrinsic value of options exercised	$ 594	$ 894	$ 815
Number of Shares Available for Grant (in shares)	2,700,000
Summary disclosures
Outstanding performance share units at the Threshold Award Level (in shares)	5,000,000
Outstanding performance share units at the Maximum Award Level (in shares)	20,900,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other-than-Options Paid in Cash Equivalent in Period Value		$ 0.2	$ 1.8
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	3 years
CCE's North American business
Stock-based compensation awards
Vesting period of stock-based awards (in years)	3 years
Share-based compensation disclosure
Outstanding on December 31	1,000,000
Outstanding on December 31, Weighted-Average Exercise Price (in dollars per share)	$ 16.26
Expiration period of stock-based awards (in years)	10
Options Plan 2014 [Member] [Member]
Share-based compensation disclosure
Common stock was approved to be issued or transferred through the grant of stock options (in shares)	500,000,000
Options Plan 2014 [Member]
Share-based compensation disclosure
Number of Shares Available for Grant (in shares)	471,600,000
Stock options granted in December 2003 and thereafter
Share-based compensation disclosure
Expiration period of stock-based awards (in years)	10 years
Stock options granted from 1999 through July 2003
Share-based compensation disclosure
Expiration period of stock-based awards (in years)	15 years
Performance share units
Summary disclosures
Granted	1,857,000
Paid in cash equivalent (in shares)		(5,403)	(54,999)
Canceled/forfeited (in shares)	(7,087,000)
Outstanding on December 31, 2015	12,196,000	17,426,000
Outstanding on January 1, 2015	$ 31.59
Grants in Period, Weighted Average Grant Date Fair Value	37.99	$ 32.33	$ 32.67
Canceled/forfeited, Weighted-Average Grant-Date Fair Value (in dollars per share)	30.32
Outstanding on December 31	$ 33.30	31.59
Performance share units | Performance Period 2013 to 2015 [Member]
Summary disclosures
Performance share units outstanding based on the target award amounts (in shares)	5,115,000
Performance share units | Performance Period 2014 to 2016 [Member]
Summary disclosures
Performance share units outstanding based on the target award amounts (in shares)	5,306,000
Performance share units | Performance Period 2015 to 2017 [Member] [Domain]
Summary disclosures
Performance share units outstanding based on the target award amounts (in shares)	1,775,000
Time-Based Restricted Stock Unit Awards
Summary disclosures
Performance share units outstanding based on the target award amounts (in shares)	941,205
Restricted stock award plan [Member]
Share-based compensation disclosure
Number of Shares Available for Grant (in shares)	0
Summary disclosures
Outstanding on January 1, 2015	$ 25.17
Outstanding on December 31	$ 0	$ 25.17
Restricted shares units vested and released (in shares)	(130,017)	(6,773,934)	(405,963)
Vested and Release, Weighted Average Grant Date Fair Value	$ 25.17
Restricted shares vested and released under performance share unit awards, total intrinsic value	$ 5	$ 255	$ 16
Performance share units outstanding based on the target award amounts (in shares)	0	130,000

PENSION AND OTHER POSTRETIREM75

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Pension benefits
Changes in benefit obligations
Benefit obligation at January 1	$ 10,346	$ 8,845
Service cost	265	261
Interest cost	379	406
Foreign currency exchange rate changes	(309)	(183)
Amendments	6	0
Actuarial loss (gain)	(479)	1,519
Benefits paid	(353)	(522)
Business combinations	1	4
Divestitures	(218)	0
Settlements	(499)	(7)
Special termination benefits	21	5
Other	(1)	18
Benefit obligation at December 31	9,159	10,346
Fair value of plan assets
Fair value of plan assets at January 1	8,902	8,746
Actual return on plan assets	(44)	574
Employer contributions	121	214
Foreign currency exchange rate changes	(322)	(203)
Benefits paid	(270)	(435)
Divestitures	(206)	0
Settlements	(486)	(1)
Other	(6)	7
Fair value of plan assets at December 31	7,689	8,902
Net liability recognized	(1,470)	(1,444)
Accumulated benefit obligation for pension plans	8,868	10,028
Benefits paid from company assets for unfunded pension plans	83	87
Pension and other benefit amounts recognized in our consolidated balance sheets
Noncurrent asset	454	479
Current liability	(72)	(78)
Long-term liability	(1,852)	(1,845)
Net liability recognized	(1,470)	(1,444)
Projected benefit obligations in excess of the fair value of plan assets
Projected benefit obligation	7,767	8,753
Fair value of plan assets	5,865	6,854
Accumulated benefit obligations in excess of the fair value of plan assets
Accumulated benefit obligation	7,537	8,501
Fair value of plan assets	$ 5,846	6,820
U.S. Plan
Defined Benefit Plan Disclosure
Portion of projected pension benefit obligation represented by the defined benefit plan (as a percent)	59.00%
Portion of projected pension plan assets represented by the defined benefit plan (as a percent)	62.00%
Fair value of plan assets
Fair value of plan assets at January 1	$ 6,343
Fair value of plan assets at December 31	5,628	6,343
Non U. S. Plan
Fair value of plan assets
Fair value of plan assets at January 1	2,559
Fair value of plan assets at December 31	2,061	2,559
Other benefits
Changes in benefit obligations
Benefit obligation at January 1	1,006	946
Service cost	27	26
Interest cost	37	43
Foreign currency exchange rate changes	(14)	(4)
Amendments	(10)	(31)
Actuarial loss (gain)	(54)	88
Benefits paid	(59)	(62)
Business combinations	0	0
Divestitures	0	0
Settlements	0	(1)
Special termination benefits	2	0
Other	5	1
Benefit obligation at December 31	940	1,006
Fair value of plan assets
Fair value of plan assets at January 1	246	243
Actual return on plan assets	(3)	2
Employer contributions	0	0
Foreign currency exchange rate changes	0	0
Benefits paid	(3)	(3)
Divestitures	0	0
Settlements	0	0
Other	5	4
Fair value of plan assets at December 31	245	246
Net liability recognized	(695)	(760)
Benefits paid from company assets for unfunded pension plans	56	59
Pension and other benefit amounts recognized in our consolidated balance sheets
Noncurrent asset	0	0
Current liability	(21)	(20)
Long-term liability	(674)	(740)
Net liability recognized	$ (695)	$ (760)

PENSION AND OTHER POSTRETIREM76

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	$ 7,689	$ 8,902	$ 8,746
Defined Benefit Plan, Benefits Paid for Unfunded Plans	83	87
U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	5,628	6,343
Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	2,061	2,559
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	245	246	$ 243
Defined Benefit Plan, Benefits Paid for Unfunded Plans	56	59
Cash and cash equivalents | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	276	261
Cash and cash equivalents | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	222	186
Cash and cash equivalents | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	54	75
Cash and cash equivalents | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	8	10
Equity securities U.S.-based companies | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	1,563	1,816
Equity securities U.S.-based companies | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	1,118	1,274
Equity securities U.S.-based companies | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	445	542
Equity securities U.S.-based companies | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	116	114
Equity securities International-based companies | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	817	1,063
Equity securities International-based companies | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	398	558
Equity securities International-based companies | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	419	505
Equity securities International-based companies | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	6	7
Government bonds | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	737	866
Government bonds | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	442	455
Government bonds | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	295	411
Government bonds | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	80	79
Corporate bonds and debt securities | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	1,173	1,566
Corporate bonds and debt securities | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	1,037	1,379
Corporate bonds and debt securities | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	136	187
Corporate bonds and debt securities | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	8	9
Mutual, pooled and commingled funds | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	1,123	1,263
Mutual, pooled and commingled funds | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	713	863
Mutual, pooled and commingled funds | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	410	400
Mutual, pooled and commingled funds | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	15	16
Hedge funds/limited partnerships | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	764	799
Hedge funds/limited partnerships | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	723	756
Hedge funds/limited partnerships | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	41	43
Hedge funds/limited partnerships | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	5	5
Real estate | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	464	408
Real estate | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	462	391
Real estate | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	2	17
Real estate | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	3	3
Other | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	772	860
Other | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	513	481
Other | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	259	379
Other | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	$ 4	$ 3

PENSION AND OTHER POSTRETIREM77

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details 3)	12 Months Ended
	Dec. 31, 2015
U.S. Plan
Defined Benefit Plan Disclosure
Maximum portion of plan assets for which an investment manager is responsible (as a percent)	8.00%
Target allocation, equity securities (as a percent)	42.00%
Target allocation, fixed-income securities (as a percent)	30.00%
Target allocation, alternative investments (as a percent)	28.00%
Investment in Company common stock (as a percent)	3.00%
Non U. S. Plan
Defined Benefit Plan Disclosure
Investment Strategy Allocation Targets For International Plans	29.00%
Target allocation, equity securities (as a percent)	1.00%
Target allocation, alternative investments (as a percent)	40.00%
Target allocation, fixed income securities (as a percent)	3.00%
Target allocation, mutual, pooled and commingled funds (as a percent)	56.00%
European and Canadian plans
Defined Benefit Plan Disclosure
Investment Strategy Allocation Targets For International Plans	71.00%
Target allocation, equity securities (as a percent)	61.00%
Target allocation, alternative investments (as a percent)	14.00%
Target allocation, fixed income securities (as a percent)	25.00%
Global equities [Member] | U.S. Plan
Defined Benefit Plan Disclosure
Target allocation, equity securities (as a percent)	60.00%
Investment in Company common stock (as a percent)	6.00%
Emerging market equities | U.S. Plan
Defined Benefit Plan Disclosure
Target allocation, equity securities (as a percent)	16.00%
Domestic small- and mid-cap equities | U.S. Plan
Defined Benefit Plan Disclosure
Target allocation, equity securities (as a percent)	24.00%
Long-duration bonds | U.S. Plan
Defined Benefit Plan Disclosure
Target allocation, fixed-income securities (as a percent)	33.00%
Multi-strategy alternative credit managers | U.S. Plan
Defined Benefit Plan Disclosure
Target allocation, fixed-income securities (as a percent)	67.00%

PENSION AND OTHER POSTRETIREM78

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details 4) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net periodic pension and other Postretirement benefit cost
Corridor Approach for Amortizing Actuarial Gains and Losses	10.00%
Pension benefits
Net periodic pension and other Postretirement benefit cost
Service cost	$ 265	$ 261	$ 280
Interest cost	379	406	378
Expected return on plan assets	(705)	(713)	(659)
Amortization of prior service cost (credit)	(2)	(2)	(2)
Amortization of actuarial loss	199	73	197
Net periodic benefit cost	136	25	194
Settlement charge	149	4	1
Special termination benefits	20	5	2
Total cost recognized in the statement of income	305	34	197
Changes in AOCI for our benefit plans, pretax
Beginning balance in AOCI	(3,069)	(1,537)
Recognized prior service cost (credit)	(2)	(2)
Recognized net actuarial loss (gain)	348	77
Prior service credit (cost) arising in the current year	(6)	0
Net actuarial (loss) gain arising in the current year	(270)	(1,658)
Foreign currency translation gain (loss)	92	51
Ending balance in AOCI	(2,907)	(3,069)	$ (1,537)
Prior service credit (cost)	3	10
Net actuarial loss	(2,910)	$ (3,079)
Defined Benefit Plan, Amount to be Amortized from Accumulated Other Comprehensive Income (Loss) Next Fiscal Year [Abstract]
Amounts in AOCI expected to be recognized as component of net periodic pension cost in next fiscal year	179
Amortization of prior service cost (credit)	(2)
Amortization of actuarial loss	$ 181
Weighted average assumptions used in computing the benefit obligations
Discount rate (as a percent)	4.25%	3.75%
Rate of increase in compensation levels (as a percent)	3.50%	3.50%
Weighted-average assumptions used in computing net periodic benefit cost
Discount rate (as a percent)	3.75%	4.75%	4.00%
Rate of increase in compensation levels (as a percent)	3.50%	3.50%	3.50%
Expected long-term rate of return on plan assets (as a percent)	8.25%	8.25%	8.25%
U.S. Plan
Weighted-average assumptions used in computing net periodic benefit cost
Expected long-term rate of return on plan assets (as a percent)	8.50%
The 5-year annualized return on plan assets (as a percent)	6.70%
The 10-year annualized return on plan assets (as a percent)	5.40%
The 15-year annualized return on plan assets (as a percent)	5.70%
Annualized return on plan assets since inception (as a percent)	10.60%
Other benefits
Net periodic pension and other Postretirement benefit cost
Service cost	$ 27	$ 26	$ 36
Interest cost	37	43	42
Expected return on plan assets	(11)	(11)	(9)
Amortization of prior service cost (credit)	(19)	(17)	(10)
Amortization of actuarial loss	10	2	13
Net periodic benefit cost	44	43	72
Settlement charge	0	0	0
Special termination benefits	2	0	0
Total cost recognized in the statement of income	46	43	72
Changes in AOCI for our benefit plans, pretax
Beginning balance in AOCI	(67)	13
Recognized prior service cost (credit)	(19)	(17)
Recognized net actuarial loss (gain)	10	2
Prior service credit (cost) arising in the current year	10	31
Net actuarial (loss) gain arising in the current year	40	(97)
Foreign currency translation gain (loss)	0	1
Ending balance in AOCI	(26)	(67)	$ 13
Prior service credit (cost)	93	100
Net actuarial loss	(119)	$ (167)
Defined Benefit Plan, Amount to be Amortized from Accumulated Other Comprehensive Income (Loss) Next Fiscal Year [Abstract]
Amounts in AOCI expected to be recognized as component of net periodic pension cost in next fiscal year	(12)
Amortization of prior service cost (credit)	(19)
Amortization of actuarial loss	$ 7
Weighted average assumptions used in computing the benefit obligations
Discount rate (as a percent)	4.25%	3.75%
Weighted-average assumptions used in computing net periodic benefit cost
Discount rate (as a percent)	3.75%	4.75%	4.00%
Expected long-term rate of return on plan assets (as a percent)	4.75%	4.75%	4.75%

PENSION AND OTHER POSTRETIREM79

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details 5) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Estimated future benefit payments for funded and unfunded plans
2,016	$ 582
2,017	567
2,018	597
2,019	616
2,020	637
2021-2025	$ 3,397
Assumed health care cost trend rates
Health care cost trend rate assumed for the next year (as a percent)	7.00%	7.50%
Rate at which the cost trend rate is assumed to decline, the ultimate trend rate (as a percent)	5.00%	5.00%
Year in which the rate reaches the ultimate trend rate	2,021	2,020
Pension benefits
Estimated future benefit payments for funded and unfunded plans
2,016	$ 521
2,017	504
2,018	533
2,019	551
2,020	570
2021-2025	3,065
Other benefits
Estimated future benefit payments for funded and unfunded plans
2,016	61
2,017	63
2,018	64
2,019	65
2,020	67
2021-2025	332
Estimated federal subsidies expected to be received under the Medicare Prescription Drug, Improvement and Modernization Act of 2003, for the period 2016-2020	4
Estimated federal subsidies expected to be received under the Medicare Prescription Drug, Improvement and Modernization Act of 2003, for the period 2021-2025	3
United States Pension Plan of US Entity [Member]
Defined Benefit Plan Disclosure
Contributions expected to be made in next fiscal year	$ 512

PENSION AND OTHER POSTRETIREM80

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details 6) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Multi-Employer Plans
Pension expense for multi-employer plans	$ 40	$ 38	$ 37
Defined contribution plan - U. S. Plan
Defined Contribution Plan Disclosures
Maximum employer contribution as a percentage of compensation (as a percent)	3.50%
Company costs associated with defined contribution plans	$ 94	92	97
Defined contribution plan - Non U. S. Plan
Defined Contribution Plan Disclosures
Company costs associated with defined contribution plans	$ 35	$ 36	$ 32

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Taxes [Abstract]
Income before income taxes, United States	$ 1,801	$ 1,567	$ 2,451
Income before income taxes, International	7,804	7,758	9,026
INCOME BEFORE INCOME TAXES	9,605	9,325	11,477
Income tax payments	2,357	1,926	2,162
Income tax expense (benefit)
Current income tax expense (benefit), United States	711	867	713
Deferred income tax expense (benefit), United States	120	(97)	305
Current income tax expense (benefit), State and Local	69	81	102
Deferred income tax expense (benefit), State and Local	45	(21)	38
Current income tax expense (benefit), International	1,386	1,293	1,388
Deferred income tax expense (benefit), International	(92)	78	305
Current income tax expense (benefit), total	2,166	2,241	2,203
Deferred income tax expense (benefit), total	$ 73	$ (40)	$ 648
Reconciliation of the statutory U.S. federal tax rate and effective tax rates
Statutory U.S. federal tax rate (as a percent)	35.00%	35.00%	35.00%
State and local income taxes - net of federal benefit (as a percent)	1.20%	1.00%	1.00%
Earnings in jurisdictions taxed at rates different from the statutory U.S. federal rate (as a percent)	(12.70%)	(11.50%)	(10.30%)
Equity income or loss (as a percent)	(1.70%)	(2.20%)	(1.40%)
Other operating charges (as a percent)	1.20%	2.90%	1.20%
Other - Net (as a percent)	0.30%	(1.60%)	(0.70%)
Effective Tax Rate (as a percent)	23.30%	23.60%	24.80%
Tax expense (benefit) related to uncertain tax positions, including interest and penalties, foreign		$ 18	$ (26)
Remeasurement Charges on Subsidiary Assets	$ 27	372
Our proportionate share of unusual or infrequent items recorded by our equity method investees	87	$ 18	$ 159
Uncertain tax positions, including interest and penalties, foreign (as a percent)		0.20%	(0.20%)
Income Tax Expense (Benefit) Unusual or Infrequent Items Transaction Gains (Losses)	(45)	$ 55	$ 279
Receivables write-down, impairments and others charges	225	$ 352
Net Gains From Investee Transactions, Equity Investment Sales and other gains			$ 501
Pre Tax expenses (income) related to several transactions	$ 77
Effective Income Tax Rate reconciliation related to other infrequent or unusual charges (as a percent)	1.30%
Effective Income Tax Rate Reconciliation, net gains and other transactions (as a percentage)	0.30%	1.90%	0.90%
Tax expenses related to currency devaluation in a subsidiary		$ 6	$ 3
Effective Income Tax Rate Reconciliation, related to currency devaluation, Percent	0.10%	1.50%	0.50%
Remeasurement and Translation loss due to currency devaluation			$ 149
Income Tax expenses (benefit) of unusual or infrequent items recorded by our equity method investees	$ (5)		$ (8)
Effective tax rate impact of unusual or infrequent items recorded by our equity method investees (as a percent)	0.30%		0.40%
Income Tax Expense (Benefit) Unusual or Infrequent Items Productivity, Integration, Restructuring, Transaction Costs and other activities	$ (259)	$ (191)	$ (175)
Other infrequent or unusual charges net	150
Unusual or Infrequent Item Operating	$ 1,657	$ 1,183	$ 895
Effective tax impact of restructuring charges, asset impairments, transaction gains and others one-time items (as a percent)	0.90%	1.00%	1.20%
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Amount	$ 223	$ 265	$ 279
Gross balance of unrecognized tax benefit
Beginning balance of unrecognized tax benefits	211	230	302
Increase related to prior period tax positions	4	13	1
Decrease related to prior period tax positions	(9)	(2)	(7)
Increase related to current period tax positions	5	11	8
Decrease related to settlements with taxing authorities	(5)	(5)	(4)
Decrease due to lapse of the applicable statute of limitations	(23)	(32)	(59)
Increase (decrease) due to effect of foreign currency exchange rate changes	(15)	(4)	(11)
Ending balance of unrecognized tax benefits	168	211	230
Alternative jurisdictional tax benefits if tax positions do not prevail	20
Impact of unrecognized tax benefits on effective tax rate if Company were to prevail on all uncertain tax positions	148
Unrecognized tax benefits, interest and penalties accrued	111	113	105
Unrecognized tax benefits, interest and penalties expense or (benefit)		8	(8)
Undistributed earnings of foreign subsidiaries	31,900
Productivity and Reinvestment [Member]
Reconciliation of the statutory U.S. federal tax rate and effective tax rates
Unusual or Infrequent Item Operating	$ 983	$ 809	$ 877

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Property, plant and equipment	$ 192	$ 96
Trademarks and other intangible assets, deferred tax asset	68	68
Equity method investments (including foreign currency translation adjustment), deferred tax asset	694	462
Derivative financial instrument, deferred tax asset	161	134
Other liabilities, deferred tax asset	1,056	1,082
Benefit plans, deferred tax asset	1,541	1,673
Net operating/capital loss carryforwards, deferred tax asset	413	729
Other, deferred tax asset	175	196
Gross deferred tax assets	4,300	4,440
Valuation allowances	(477)	(649)
Total deferred tax assets	3,823	3,791
Deferred tax liabilities:
Property, plant and equipment	(1,887)	(2,342)
Trademarks and other intangible assets, deferred tax liabilities	(3,422)	(4,020)
Equity method investments (including foreign currency translation adjustment), deferred tax liability	(1,441)	(1,038)
Derivative financial instruments, deferred tax liabilities	(687)	(457)
Other liabilities, deferred tax liability	(216)	(110)
Benefit Plans, deferred tax liabilities	(367)	(487)
Other, deferred tax liability	(726)	(944)
Total deferred tax liabilities	(8,746)	(9,398)
Net deferred tax liabilities	(4,923)	(5,607)
Noncurrent deferred tax assets recorded in other assets	360	319
Current deferred tax assets recorded in prepaid expenses and other assets	151	160
Current deferred tax liabilities recorded in accounts payable and accrued expenses	743	450
Net deferred tax assets or (liabilities) located in countries outside the United States	62	$ 643
Loss carryforwards	4,419
Loss carryforwards expiring within next five years	$ 356

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Deferred tax asset valuation allowances
Balance at beginning of year	$ 649
Balance at end of year	477	$ 649
Net increase or (decrease) in valuation allowances	(172)	63	$ 99
Valuation Allowance of Deferred Tax Assets [Member]
Deferred tax asset valuation allowances
Balance at beginning of year	649	586	487
Additions	42	104	169
(Decrease) due to transfer to assets held for sale	(163)	0	0
Deductions	(51)	(41)	(70)
Balance at end of year	$ 477	$ 649	$ 586

OTHER COMPREHENSIVE INCOME (Det

OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
AOCI attributable to the shareowners of The Coca-Cola Company
Accumulated other comprehensive income (loss)	$ (10,174)	$ (5,777)
CONSOLIDATED NET INCOME	7,366	7,124	$ 8,626
Total comprehensive income	2,951	4,774	8,576
Foreign currency translation adjustments:
Translation adjustment arising during the year	(4,626)	(2,560)	(1,046)
Reclassification adjustments recognized in net income	63		(194)
Unrealized gains (losses) on net investment hedges arising during the year	637
Derivatives:
Reclassification adjustments recognized in net income	(638)
Available-for-sale securities:
Reclassification adjustments recognized in net income	(61)
Pension and other benefit liabilities:
Reclassification adjustments recognized in net income	337
Foreign currency translation adjustments:
Translation adjustment arising during the year	243	183	56
Reclassification adjustments recognized in the period	(14)		0
Unrealized gains (losses) on net investment hedges arising during the year	(244)
Derivatives:
Reclassification adjustments recognized in net income	241
Availiable-for-sale securities:
Reclassification adjustments recognized in net income	22
Pension and other benefits liabilities:
Reclassification adjustments recognized in net income	(125)
Foreign currency translation adjustments:
Translation adjustment arising during the year	(4,383)	(2,377)	(990)
Reclassification adjustments recognized in net income	49		(194)
Unrealized gains (losses) on net investment hedges arising during the year	393
Net foreign currency translation adjustment	(3,959)	(2,382)	(1,187)
Derivatives:
Reclassification adjustments recognized in net income	(397)
Net gain (loss) on derivatives	142	357	151
Available-for-sale securities:
Reclassification adjustments recognized in net income	(39)
Net change in unrealized gain (loss) on available-for-sale securities	(684)	714	(80)
Pension and other benefits liabilities:
Reclassification adjustments recognized in net income	212
Net change in pension and other benefit liabilities	86	(1,039)	1,066
Amortization of prior service cost (credit)	(21)
TOTAL EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY
AOCI attributable to the shareowners of The Coca-Cola Company
Foreign currency translation adjustment	(9,167)	(5,226)
Accumulated derivative net gains (losses)	696	554
Unrealized net gains (losses) on available-for-sale securities	288	972
Adjustments to pension and other benefit liabilities	(1,991)	(2,077)
Accumulated other comprehensive income (loss)	(10,174)	(5,777)
CONSOLIDATED NET INCOME	7,351
Total comprehensive income	2,954
Foreign currency translation adjustments:
Net foreign currency translation adjustment	(3,926)	(2,560)	(1,240)
Derivatives:
Unrealized gains (losses) arising during the year	853	620	425
Reclassification adjustments recognized in net income	(638)	(50)	(167)
Net gain (loss) on derivatives	215	570	258
Available-for-sale securities:
Unrealized gains (losses) arising during the year	(973)	1,139	(134)
Reclassification adjustments recognized in net income	(61)	(17)	12
Net change in unrealized gain (loss) in available-for-sale securities	(1,034)	1,122	(122)
Pension and other benefit liabilities:
Net pension and other benefits arising during the year	(169)	(1,666)	1,490
Reclassification adjustments recognized in net income	337	60	198
Net change in pension and other benefits liabilities	168	(1,606)	1,688
Other comprehensive income (loss) attributable to The Coca-Cola Company	(4,577)	(2,474)	584
Foreign currency translation adjustments:
Net foreign currency translation adjustment	(15)	183	56
Derivatives:
Unrealized gains (losses) arising during the year	(314)	(231)	(173)
Reclassification adjustments recognized in net income	241	18	66
Net gain (loss) on derivatives	(73)	(213)	(107)
Availiable-for-sale securities:
Unrealized gains (losses) arising during the year	328	(412)	42
Reclassification adjustments recognized in net income	22	4	0
Net change in unrealized gain (loss) on availiable-for-sale securities	350	(408)	42
Pension and other benefits liabilities:
Net pension and other benefits arising during the year	43	588	(550)
Reclassification adjustments recognized in net income	(125)	(21)	(72)
Net change in pension and other benefit liabilities	(82)	567	(622)
Other comprehensive income (loss) attributable to The Coca-Cola Company	180	129	(631)
Foreign currency translation adjustments:
Net foreign currency translation adjustment	(3,941)	(2,377)	(1,184)
Derivatives:
Unrealized gains (losses) arising during the year	539	389	252
Reclassification adjustments recognized in net income	(397)	(32)	(101)
Net gain (loss) on derivatives	142	357	151
Available-for-sale securities:
Unrealized gains (losses) arising during the year	(645)	727	(92)
Reclassification adjustments recognized in net income	(39)	(13)	12
Net change in unrealized gain (loss) on available-for-sale securities	(684)	714	(80)
Pension and other benefits liabilities:
Net pension and other benefits arising during the year	(126)	(1,078)	940
Reclassification adjustments recognized in net income	212	39	126
Net change in pension and other benefit liabilities	86	(1,039)	1,066
Other comprehensive income (loss) attributable to The Coca-Cola Company	(4,397)	$ (2,345)	$ (47)
Noncontrolling Interest [Member]
AOCI attributable to the shareowners of The Coca-Cola Company
CONSOLIDATED NET INCOME	15
Total comprehensive income	(3)
Foreign currency translation adjustments:
Net foreign currency translation adjustment	(18)
Derivatives:
Net gain (loss) on derivatives	0
Available-for-sale securities:
Net change in unrealized gain (loss) on available-for-sale securities	0
Pension and other benefits liabilities:
Net change in pension and other benefit liabilities	0
Total
AOCI attributable to the shareowners of The Coca-Cola Company
CONSOLIDATED NET INCOME	7,366
Total comprehensive income	2,951
Foreign currency translation adjustments:
Net foreign currency translation adjustment	(3,959)
Derivatives:
Net gain (loss) on derivatives	142
Available-for-sale securities:
Net change in unrealized gain (loss) on available-for-sale securities	(684)
Pension and other benefits liabilities:
Net change in pension and other benefit liabilities	86
Recognized net actuarial loss (gain)
Pension and other benefit liabilities:
Reclassification adjustments recognized in net income	358
Net operating revenues | Foreign currency contracts
Derivatives:
Reclassification adjustments recognized in net income	(630)
Cost of goods sold | Foreign currency and commodities contracts [Member]
Derivatives:
Reclassification adjustments recognized in net income	(59)
Other income (loss) - net | Divestitures, deconsolidations and other [Member]
Foreign currency translation adjustments:
Reclassification adjustments recognized in net income	63
Other income (loss) - net | Foreign currency and interest rate contracts [Member]
Derivatives:
Reclassification adjustments recognized in net income	11
Other income (loss) - net | Available-for-Sale Securities
Available-for-sale securities:
Reclassification adjustments recognized in net income	$ (61)

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Assets and liabilities measured at fair value on a recurring basis
Trading securities	$ 322	$ 409
Available-for-sale securities	8,606	7,879
Derivative, Collateral, Obligation to Return Cash	184
Derivative, Collateral, Right to Reclaim Cash	17
Level 1
Assets and liabilities measured at fair value on a recurring basis
Trading securities	183	228
Available-for-sale securities	3,913	4,116
Derivatives	2	9
Total assets	4,098	4,353
Derivatives	24	2
Total liabilities	24	2
Level 2
Assets and liabilities measured at fair value on a recurring basis
Trading securities	135	177
Available-for-sale securities	4,574	3,627
Derivatives	1,268	1,721
Total assets	5,977	5,525
Derivatives	635	558
Total liabilities	635	558
Level 3
Assets and liabilities measured at fair value on a recurring basis
Trading securities	4	4
Available-for-sale securities	119	136
Derivatives	0	0
Total assets	123	140
Derivatives	0	0
Total liabilities	0	0
Netting Adjustment
Assets and liabilities measured at fair value on a recurring basis
Trading securities	0	0
Available-for-sale securities	0	0
Derivatives	(638)	(437)
Total assets	(638)	(437)
Derivatives	(488)	(437)
Total liabilities	(488)	(437)
Fair Value Measurements
Assets and liabilities measured at fair value on a recurring basis
Trading securities	322	409
Available-for-sale securities	8,606	7,879
Derivatives	632	1,293
Total assets	9,560	9,581
Derivatives	171	123
Total liabilities	171	123
Prepaid expenses and other assets
Assets and liabilities measured at fair value on a recurring basis
Derivatives	79	567
Other assets
Assets and liabilities measured at fair value on a recurring basis
Derivatives	553	726
Accounts payable and accrued expenses
Assets and liabilities measured at fair value on a recurring basis
Derivatives		14
Other liabilities
Assets and liabilities measured at fair value on a recurring basis
Derivatives	$ 171	$ 109

FAIR VALUE MEASUREMENTS (Deta86

FAIR VALUE MEASUREMENTS (Details 2) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2012	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Assets measured at fair value on a nonrecurring basis
Assets held for sale		$ (980)
Intangible assets			$ (18)	$ (195)
Percentage of shares sold or to be sold through options			10.00%
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		55		113
Nonrecurring gain (Loss) fair value adjustment		(1,478)	$ (544)
Level 1
Assets measured at fair value on a nonrecurring basis
Valuation of shares in equity method investee Gain (Loss)		(6)
Level 1 | Coca-Cola FEMSA
Assets measured at fair value on a nonrecurring basis
Valuation of shares in equity method investee Gain (Loss)			(32)
Level 3
Assets measured at fair value on a nonrecurring basis
Intangible assets		(473)
Philippines Bottling Operations | Level 3
Assets measured at fair value on a nonrecurring basis
Assets held for sale			(494)
CCEJ | Level 1
Assets measured at fair value on a nonrecurring basis
Exchange of investment in equity securities		(19)
CCEJ | Level 1 | Equity method investments
Assets measured at fair value on a nonrecurring basis
Exchange of investment in equity securities	$ 0
Corporate
Assets measured at fair value on a nonrecurring basis
Intangible assets				(195)
Valuation of shares in equity method investee Gain (Loss)		(6)	$ (32)
Impairment of Intangible Assets (Excluding Goodwill)		$ 418
Corporate | CCEJ
Assets measured at fair value on a nonrecurring basis
Exchange of investment in equity securities				$ (114)

FAIR VALUE MEASUREMENTS (Deta87

FAIR VALUE MEASUREMENTS (Details 3) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pension Plans, Defined Benefit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	$ 7,689	$ 8,902	$ 8,746
Pension Plans, Defined Benefit [Member] | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	276	261
Pension Plans, Defined Benefit [Member] | Equity securities U.S.-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	1,563	1,816
Pension Plans, Defined Benefit [Member] | Equity securities International-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	817	1,063
Pension Plans, Defined Benefit [Member] | Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	737	866
Pension Plans, Defined Benefit [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	1,173	1,566
Pension Plans, Defined Benefit [Member] | Mutual, pooled and commingled funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	1,123	1,263
Pension Plans, Defined Benefit [Member] | Hedge funds/limited partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	764	799
Pension Plans, Defined Benefit [Member] | Real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	464	408
Pension Plans, Defined Benefit [Member] | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	772	860
Other postretirement benefits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	245	246	$ 243
Other postretirement benefits | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	8	10
Other postretirement benefits | Equity securities U.S.-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	116	114
Other postretirement benefits | Equity securities International-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	6	7
Other postretirement benefits | Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	80	79
Other postretirement benefits | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	8	9
Other postretirement benefits | Mutual, pooled and commingled funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	15	16
Other postretirement benefits | Hedge funds/limited partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	5	5
Other postretirement benefits | Real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	3	3
Other postretirement benefits | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	4	3
Level 1 | Pension Plans, Defined Benefit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	2,569	3,102
Level 1 | Pension Plans, Defined Benefit [Member] | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	128	161
Level 1 | Pension Plans, Defined Benefit [Member] | Equity securities U.S.-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	1,562	1,793
Level 1 | Pension Plans, Defined Benefit [Member] | Equity securities International-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	802	1,050
Level 1 | Pension Plans, Defined Benefit [Member] | Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 1 | Pension Plans, Defined Benefit [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 1 | Pension Plans, Defined Benefit [Member] | Mutual, pooled and commingled funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	77	98
Level 1 | Pension Plans, Defined Benefit [Member] | Hedge funds/limited partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 1 | Pension Plans, Defined Benefit [Member] | Real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 1 | Pension Plans, Defined Benefit [Member] | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 1 | Other postretirement benefits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	210	216
Level 1 | Other postretirement benefits | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	1	9
Level 1 | Other postretirement benefits | Equity securities U.S.-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	116	114
Level 1 | Other postretirement benefits | Equity securities International-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	6	7
Level 1 | Other postretirement benefits | Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	77	76
Level 1 | Other postretirement benefits | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 1 | Other postretirement benefits | Mutual, pooled and commingled funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	10	10
Level 1 | Other postretirement benefits | Hedge funds/limited partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 1 | Other postretirement benefits | Real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 1 | Other postretirement benefits | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 2 | Pension Plans, Defined Benefit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	3,326	3,894
Level 2 | Pension Plans, Defined Benefit [Member] | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	148	100
Level 2 | Pension Plans, Defined Benefit [Member] | Equity securities U.S.-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	6
Level 2 | Pension Plans, Defined Benefit [Member] | Equity securities International-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	5	13
Level 2 | Pension Plans, Defined Benefit [Member] | Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	736	863
Level 2 | Pension Plans, Defined Benefit [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	1,171	1,533
Level 2 | Pension Plans, Defined Benefit [Member] | Mutual, pooled and commingled funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	1,046	1,134
Level 2 | Pension Plans, Defined Benefit [Member] | Hedge funds/limited partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	205	215
Level 2 | Pension Plans, Defined Benefit [Member] | Real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	16
Level 2 | Pension Plans, Defined Benefit [Member] | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	15	14
Level 2 | Other postretirement benefits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	24	20
Level 2 | Other postretirement benefits | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	7	1
Level 2 | Other postretirement benefits | Equity securities U.S.-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 2 | Other postretirement benefits | Equity securities International-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 2 | Other postretirement benefits | Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	3	3
Level 2 | Other postretirement benefits | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	8	9
Level 2 | Other postretirement benefits | Mutual, pooled and commingled funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	5	6
Level 2 | Other postretirement benefits | Hedge funds/limited partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	1	1
Level 2 | Other postretirement benefits | Real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 2 | Other postretirement benefits | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 3 | Pension Plans, Defined Benefit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	1,794	1,906
Reconciliation of the beginning and ending balance of Level 3 assets for U.S. and non-U.S. pension plans
Balance at the beginning of the period	1,906	1,292
Actual return on plan assets:
Related to assets still held at the reporting date	55	80
Related to assets sold during the year	47	47
Purchases, sales and settlements-net	(126)	536
Transfers in and/or out of Level 3-net	(33)	(18)
Foreign currency translation	(55)	(31)
Balance at the end of the period	1,794	1,906
Level 3 | Pension Plans, Defined Benefit [Member] | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 3 | Pension Plans, Defined Benefit [Member] | Equity securities
Reconciliation of the beginning and ending balance of Level 3 assets for U.S. and non-U.S. pension plans
Balance at the beginning of the period	17	15
Actual return on plan assets:
Related to assets still held at the reporting date	(6)	1
Related to assets sold during the year	0	0
Purchases, sales and settlements-net	0	1
Transfers in and/or out of Level 3-net	0	0
Foreign currency translation	0	0
Balance at the end of the period	11	17
Level 3 | Pension Plans, Defined Benefit [Member] | Equity securities U.S.-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	1	17
Level 3 | Pension Plans, Defined Benefit [Member] | Equity securities International-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	10	0
Level 3 | Pension Plans, Defined Benefit [Member] | Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	1	3
Level 3 | Pension Plans, Defined Benefit [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	2	33
Level 3 | Pension Plans, Defined Benefit [Member] | Mutual, pooled and commingled funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	31
Reconciliation of the beginning and ending balance of Level 3 assets for U.S. and non-U.S. pension plans
Balance at the beginning of the period	31	0
Actual return on plan assets:
Related to assets still held at the reporting date	0	0
Related to assets sold during the year	0	0
Purchases, sales and settlements-net	(2)	31
Transfers in and/or out of Level 3-net	(29)	0
Foreign currency translation	0	0
Balance at the end of the period	0	31
Level 3 | Pension Plans, Defined Benefit [Member] | Fixed Income Securities [Member]
Reconciliation of the beginning and ending balance of Level 3 assets for U.S. and non-U.S. pension plans
Balance at the beginning of the period	36	89
Actual return on plan assets:
Related to assets still held at the reporting date	1	17
Related to assets sold during the year	(4)	(2)
Purchases, sales and settlements-net	(6)	(41)
Transfers in and/or out of Level 3-net	(24)	(27)
Foreign currency translation	0	0
Balance at the end of the period	3	36
Level 3 | Pension Plans, Defined Benefit [Member] | Hedge funds/limited partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	559	584
Reconciliation of the beginning and ending balance of Level 3 assets for U.S. and non-U.S. pension plans
Balance at the beginning of the period	584	353
Actual return on plan assets:
Related to assets still held at the reporting date	(14)	(17)
Related to assets sold during the year	45	42
Purchases, sales and settlements-net	(74)	198
Transfers in and/or out of Level 3-net	21	9
Foreign currency translation	(3)	(1)
Balance at the end of the period	559	584
Level 3 | Pension Plans, Defined Benefit [Member] | Real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	464	392
Reconciliation of the beginning and ending balance of Level 3 assets for U.S. and non-U.S. pension plans
Balance at the beginning of the period	392	251
Actual return on plan assets:
Related to assets still held at the reporting date	32	29
Related to assets sold during the year	6	7
Purchases, sales and settlements-net	32	106
Transfers in and/or out of Level 3-net	2	0
Foreign currency translation	0	(1)
Balance at the end of the period	464	392
Level 3 | Pension Plans, Defined Benefit [Member] | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	757	846
Reconciliation of the beginning and ending balance of Level 3 assets for U.S. and non-U.S. pension plans
Balance at the beginning of the period	846	584
Actual return on plan assets:
Related to assets still held at the reporting date	42	50
Related to assets sold during the year	0	0
Purchases, sales and settlements-net	(76)	241
Transfers in and/or out of Level 3-net	(3)	0
Foreign currency translation	(52)	(29)
Balance at the end of the period	757	846
Level 3 | Other postretirement benefits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	11	10
Level 3 | Other postretirement benefits | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 3 | Other postretirement benefits | Equity securities U.S.-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 3 | Other postretirement benefits | Equity securities International-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 3 | Other postretirement benefits | Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 3 | Other postretirement benefits | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 3 | Other postretirement benefits | Mutual, pooled and commingled funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 3 | Other postretirement benefits | Hedge funds/limited partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	4	4
Level 3 | Other postretirement benefits | Real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	3	3
Level 3 | Other postretirement benefits | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	$ 4	$ 3

FAIR VALUE MEASUREMENTS FAIR VA

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Details 4) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Other Fair Value Disclosures [Abstract]
Long-term Debt	$ 31,084	$ 22,615
Long-term Debt, Fair Value	$ 31,308	$ 23,411

SIGNIFICANT OPERATING AND NON89

SIGNIFICANT OPERATING AND NONOPERATING ITEMS (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended	12 Months Ended
	Apr. 01, 2016	Apr. 03, 2015	Dec. 31, 2014	Mar. 28, 2014	Jun. 28, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Operating Charges
Other operating charges						$ 1,657	$ 1,183	$ 895
Asset Impairment Charges							18	195
Restructuring and transition of the Russian Juice operations							36
Impairment of trademarks						55		113
Goodwill, Impairment Loss						4		82
Interest Expense [Abstract]
Gains (Losses) on Extinguishment of Debt						(320)
Equity Income (Loss) - Net
Our proportionate share of unusual or infrequent items recorded by our equity method investees						87	18	159
Other Income (Loss) - Net
Net Gains From Investee Transactions, Equity Investment Sales and other gains								501
Gain (loss) on North America refranchised territories	$ (296)
Foreign Currency Transaction Gain, before Tax						300
Remeasurement Charges on Subsidiary Assets						27	$ 372
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee								139
Exercise of Options							10.00%
Brazilian Bottling Operations
Other Income (Loss) - Net
Equity Method Investment, Realized Gain (Loss) on Disposal						(6)	$ (32)
Gain on sale of investment in subsidiary								615
Exercise of Options					24.00%		10.00%
Asia Pacific
Other Operating Charges
Productivity, integration and restructuring initiatives						2	$ 36	26
Restructuring and Related Cost, Accelerated Depreciation								22
Goodwill, Impairment Loss						0
North America
Other Operating Charges
Productivity, integration and restructuring initiatives						384	281	282
Goodwill, Impairment Loss						0
Other Income (Loss) - Net
Gain (loss) on North America refranchised territories						(1,006)	(799)
Corporate
Other Operating Charges
Productivity, integration and restructuring initiatives						246	124	121
Asset Impairment Charges								195
Cash Contribution Expense						100
Impairment of Intangible Assets (Excluding Goodwill)						418
Interest Expense [Abstract]
Gains (Losses) on Extinguishment of Debt						(320)		(53)
Other Income (Loss) - Net
Net Gains From Investee Transactions, Equity Investment Sales and other gains						1,403
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee								139
Equity Method Investment, Realized Gain (Loss) on Disposal						(6)	(32)
Gain on sale of investment in subsidiary					$ 615			615
Corporate | CCEJ
Other Income (Loss) - Net
Net gain or (loss) in exchange of equity securities								(114)
Venezuelan subsidiary
Other Operating Charges
Asset Impairment Charges						111	314
Impairment of Intangible Assets (Excluding Goodwill)						55	18
Other Income (Loss) - Net
Remeasurement Charges on Subsidiary Assets						27	372
Venezuelan subsidiary | Corporate
Other Income (Loss) - Net
Remeasurement Charges on Subsidiary Assets		$ 27	$ 146	$ 226				140
Productivity and Reinvestment [Member]
Other Operating Charges
Productivity, integration and restructuring initiatives						691	601	494
Integration of German Bottling and Distribution Operation [Member]
Other Operating Charges
Productivity, integration and restructuring initiatives						$ 292	$ 208	187
Restructuring charges other than productivity and productivity and reinvestments initiatives [Member]
Other Operating Charges
Productivity, integration and restructuring initiatives								$ 188

PRODUCTIVITY, INTEGRATION AND90

PRODUCTIVITY, INTEGRATION AND RESTRUCTURING INITIATIVES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Integration of German Bottling and Distribution Operation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	$ 1,127
Restructuring Reserve
Accrued balance as of December 31	101
Costs incurred	292	$ 208	$ 187
Accrued balance as of December 31	122	101
Productivity and Reinvestment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	2,056
Restructuring Reserve
Accrued balance as of December 31	285	112	26
Costs incurred	691	601	494
Payments	(512)	(402)	(381)
Noncash and exchange	(260)	(26)	(27)
Accrued balance as of December 31	204	285	112
Productivity and Reinvestment [Member] | Severance pay and benefits
Restructuring Reserve
Accrued balance as of December 31	260	88	12
Costs incurred	269	277	188
Payments	(200)	(103)	(113)
Noncash and exchange	(185)	(2)	1
Accrued balance as of December 31	144	260	88
Productivity and Reinvestment [Member] | Outside Services [Member]
Restructuring Reserve
Accrued balance as of December 31	4	6	6
Costs incurred	56	77	59
Payments	(47)	(79)	(59)
Noncash and exchange	(5)	0	0
Accrued balance as of December 31	8	4	6
Productivity and Reinvestment [Member] | Other direct costs [Member]
Restructuring Reserve
Accrued balance as of December 31	21	18	8
Costs incurred	366	247	247
Payments	(265)	(220)	(209)
Noncash and exchange	(70)	(24)	(28)
Accrued balance as of December 31	$ 52	$ 21	$ 18

OPERATING SEGMENTS (Details)

OPERATING SEGMENTS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Concentrate operations	37.00%	38.00%	38.00%
Finished products operations	63.00%	62.00%	62.00%
Sales Revenue Net Percentage	100.00%	100.00%	100.00%
Sales Revenue, Goods, Net	$ 44,294	$ 45,998	$ 46,854
Property, Plant and Equipment, Net	12,571	14,633	14,967
United States
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net	20,360	19,763	19,820
Property, Plant and Equipment, Net	8,266	8,683	8,841
International
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net	23,934	26,235	27,034
Property, Plant and Equipment, Net	$ 4,305	$ 5,950	$ 6,126

OPERATING SEGMENTS (Details 2)

OPERATING SEGMENTS (Details 2) - USD ($) $ in Millions	3 Months Ended				6 Months Ended	12 Months Ended
	Apr. 01, 2016	Apr. 03, 2015	Dec. 31, 2014	Mar. 28, 2014	Jun. 28, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net operating revenues:
Sales Revenue, Goods, Net						$ 44,294	$ 45,998	$ 46,854
Intersegment Revenue						0	0	0
Revenue for Reportable Segments						44,294	45,998	46,854
Operating Income (Loss)						8,728	9,708	10,228
Interest income						613	594	534
Interest expense						856	483	463
Depreciation and amortization						1,970	1,976	1,977
Equity income (loss) - net						489	769	602
Income (loss) before income taxes						9,605	9,325	11,477
Identifiable operating assets			$ 78,398			74,305	78,398	78,543
Investments			$ 13,625			15,788	13,625	11,512
Capital expenditures						$ 2,553	$ 2,406	$ 2,550
Ratio of net property, plant and equipment in Germany to total consolidated property, plant and equipment - net (as a percent)			10.00%			10.00%	10.00%	11.00%
Other operating charges						$ 1,657	$ 1,183	$ 895
Net Gains From Investee Transactions, Equity Investment Sales and other gains								501
Restructuring and transition of the Russian Juice operations							36
Asset Impairment Charges							18	195
Our proportionate share of unusual or infrequent items recorded by our equity method investees						87	18	159
Gains (Losses) on Extinguishment of Debt						320
Remeasurement Charges on Subsidiary Assets						27	372
Gain (loss) on North America refranchised territories	$ (296)
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee								139
Venezuelan subsidiary
Net operating revenues:
Impairment of Intangible Assets (Excluding Goodwill)						55	18
Asset Impairment Charges						111	314
Remeasurement Charges on Subsidiary Assets						27	372
Eurasia and Africa
Net operating revenues:
Sales Revenue, Goods, Net						2,423	2,730	2,763
Intersegment Revenue						36	0	0
Revenue for Reportable Segments						2,459	2,730	2,763
Operating Income (Loss)						987	1,084	1,087
Interest income						0	0	0
Interest expense						0	0	0
Depreciation and amortization						44	47	42
Equity income (loss) - net						14	35	22
Income (loss) before income taxes						1,004	1,125	1,109
Identifiable operating assets			$ 1,298			1,148	1,298	1,273
Investments			1,081			1,061	1,081	1,157
Capital expenditures						19	30	40
Productivity, integration and restructuring initiatives						16	26	2
Our proportionate share of unusual or infrequent items recorded by our equity method investees						(3)
Europe
Net operating revenues:
Sales Revenue, Goods, Net						4,543	4,844	4,645
Intersegment Revenue						585	692	689
Revenue for Reportable Segments						5,128	5,536	5,334
Operating Income (Loss)						2,888	2,852	2,859
Interest income						0	0	0
Interest expense						0	0	0
Depreciation and amortization						59	75	86
Equity income (loss) - net						25	31	24
Income (loss) before income taxes						2,919	2,892	2,923
Identifiable operating assets			3,358			3,008	3,358	3,713
Investments			90			77	90	106
Capital expenditures						35	54	34
Productivity, integration and restructuring initiatives							111	57
Restructuring Reserve, Accrual Adjustment						25
Our proportionate share of unusual or infrequent items recorded by our equity method investees						7	2
Latin America
Net operating revenues:
Sales Revenue, Goods, Net						3,999	4,597	4,748
Intersegment Revenue						75	60	191
Revenue for Reportable Segments						4,074	4,657	4,939
Operating Income (Loss)						2,169	2,316	2,908
Interest income						0	0	0
Interest expense						0	0	0
Depreciation and amortization						41	56	58
Equity income (loss) - net						(7)	10	13
Income (loss) before income taxes						2,164	2,319	2,920
Identifiable operating assets			2,426			1,627	2,426	2,918
Investments			757			657	757	545
Capital expenditures						70	55	63
Productivity, integration and restructuring initiatives						7	20
Gain (charges) related to subsidiary						(33)	(275)
North America
Net operating revenues:
Sales Revenue, Goods, Net						21,784	21,462	21,574
Intersegment Revenue						18	17	16
Revenue for Reportable Segments						21,802	21,479	21,590
Operating Income (Loss)						2,490	2,447	2,432
Interest income						9	0	0
Interest expense						0	0	0
Depreciation and amortization						1,217	1,195	1,192
Equity income (loss) - net						(17)	(16)	2
Income (loss) before income taxes						1,475	1,633	2,434
Identifiable operating assets			33,066			32,042	33,066	33,964
Investments			48			118	48	49
Capital expenditures						1,341	1,293	1,374
Productivity, integration and restructuring initiatives						384	281	282
Gain (loss) on North America refranchised territories						(1,006)	(799)
Asia Pacific
Net operating revenues:
Sales Revenue, Goods, Net						4,707	5,257	5,372
Intersegment Revenue						545	489	497
Revenue for Reportable Segments						5,252	5,746	5,869
Operating Income (Loss)						2,189	2,448	2,478
Interest income						0	0	0
Interest expense						0	0	0
Depreciation and amortization						85	96	130
Equity income (loss) - net						9	12	19
Income (loss) before income taxes						2,207	2,464	2,494
Identifiable operating assets			1,793			1,639	1,793	1,922
Investments			157			158	157	143
Capital expenditures						81	76	117
Productivity, integration and restructuring initiatives						2	36	26
Restructuring and Related Cost, Accelerated Depreciation								22
Bottling Investments
Net operating revenues:
Sales Revenue, Goods, Net						6,682	6,972	7,598
Intersegment Revenue						49	67	78
Revenue for Reportable Segments						6,731	7,039	7,676
Operating Income (Loss)						0	9	115
Interest income						0	0	0
Interest expense						0	0	0
Depreciation and amortization						367	315	335
Equity income (loss) - net						425	691	524
Income (loss) before income taxes						454	715	679
Identifiable operating assets			6,975			7,042	6,975	7,011
Investments			8,781			8,073	8,781	9,424
Capital expenditures						735	628	643
Productivity, integration and restructuring initiatives						353	211	194
Restructuring and transition of the Russian Juice operations							42
Our proportionate share of unusual or infrequent items recorded by our equity method investees						83	16	159
Gain (charges) related to subsidiary							(25)
Bottling Investments | Venezuelan subsidiary
Net operating revenues:
Our proportionate share of unusual or infrequent items recorded by our equity method investees								9
Corporate
Net operating revenues:
Sales Revenue, Goods, Net						156	136	154
Intersegment Revenue						10	0	0
Revenue for Reportable Segments						166	136	154
Operating Income (Loss)						(1,995)	(1,448)	(1,651)
Interest income						604	594	534
Interest expense						856	483	463
Depreciation and amortization						157	192	134
Equity income (loss) - net						40	6	(2)
Income (loss) before income taxes						(618)	(1,823)	(1,082)
Identifiable operating assets			29,482			27,799	29,482	27,742
Investments			2,711			5,644	2,711	88
Capital expenditures						272	270	279
Productivity, integration and restructuring initiatives						246	124	121
Impairment of Intangible Assets (Excluding Goodwill)						418
Cash Contribution Expense						100
Net Gains From Investee Transactions, Equity Investment Sales and other gains						1,403
Asset Impairment Charges								195
Gains (Losses) on Extinguishment of Debt						320		53
Gain (charges) related to subsidiary						(105)	(411)
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss						19
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee								139
Gain on sale of investment in subsidiary					$ 615			615
Equity Method Investment, Realized Gain (Loss) on Disposal						(6)	(32)
Corporate | Venezuelan subsidiary
Net operating revenues:
Remeasurement Charges on Subsidiary Assets		$ 27	146	$ 226				140
Corporate | CCEJ
Net operating revenues:
Net gain or (loss) in exchange of equity securities								(114)
Eliminations
Net operating revenues:
Sales Revenue, Goods, Net						0	0	0
Intersegment Revenue						(1,318)	(1,325)	(1,471)
Revenue for Reportable Segments						(1,318)	(1,325)	(1,471)
Operating Income (Loss)						0	0	0
Interest income						0	0	0
Interest expense						0	0	0
Depreciation and amortization						0	0	0
Equity income (loss) - net						0	0	0
Income (loss) before income taxes						0	0	0
Identifiable operating assets			0			0	0	0
Investments			$ 0			0	0	0
Capital expenditures						$ 0	$ 0	$ 0

NET CHANGE IN OPERATING ASSET93

NET CHANGE IN OPERATING ASSETS AND LIABILITIES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net change in operating assets and liabilities
(Increase) decrease in trade accounts receivable	$ (212)	$ (253)	$ 28
(Increase) decrease in inventories	(250)	35	(105)
(Increase) decrease in prepaid expenses and other assets	123	194	(163)
Increase (decrease) in accounts payable and accrued expenses	1,004	(250)	(158)
Increase (decrease) in accrued taxes	(306)	151	22
Increase (decrease) in other liabilities	(516)	(316)	(556)
Net change in operating assets and liabilities	$ (157)	$ (439)	$ (932)

SUBSEQUENT EVENT SUBSEQUENT E94

SUBSEQUENT EVENT SUBSEQUENT EVENT (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2016	Feb. 25, 2016
Subsequent Event [Line Items]
Gain (loss) on North America refranchised territories	$ (296)
Subsequent Event [Member]
Subsequent Event [Line Items]
Inventories		$ 4
Prepaid expenses and other assets		1
Property, plant and equipment - net		62
Bottlers' franchise rights with indefinite lives		273
Goodwill		10
Other intangible assets		13
Allowance for reduction of assets, held for sale		(296)
Total assets		67
Accounts payable and accrued expenses		1
Other liabilities		1
Deferred income taxes		19
Total liabilities		$ 21