The Coca-Cola Company (KO) 10-K 24 Feb 17 2016 FY Annual report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION Document - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 20, 2017	Jul. 01, 2016
Document and Entity Information [Abstract]
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, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		4,293,461,702
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 193,060,515,914

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
NET OPERATING REVENUES		$ 41,863	$ 44,294	$ 45,998
Cost of goods sold		16,465	17,482	17,889
GROSS PROFIT		25,398	26,812	28,109
Selling, general and administrative expenses		15,262	16,427	17,218
Other operating charges		1,510	1,657	1,183
OPERATING INCOME		8,626	8,728	9,708
Interest income		642	613	594
Interest expense		733	856	483
Equity income (loss) - net		835	489	769
Other income (loss) - net		(1,234)	631	(1,263)
INCOME BEFORE INCOME TAXES		8,136	9,605	9,325
Income taxes		1,586	2,239	2,201
CONSOLIDATED NET INCOME		6,550	7,366	7,124
Less: Net income attributable to noncontrolling interests		23	15	26
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY		$ 6,527	$ 7,351	$ 7,098
BASIC NET INCOME PER SHARE (in dollars per share)	[1]	$ 1.51	$ 1.69	$ 1.62
DILUTED NET INCOME PER SHARE (in dollars per share)	[1]	$ 1.49	$ 1.67	$ 1.60
AVERAGE SHARES OUTSTANDING (in shares)		4,317	4,352	4,387
Effect of dilutive securities (in shares)		50	53	63
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares)		4,367	4,405	4,450
[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, 2016	Dec. 31, 2015	Dec. 31, 2014
CONSOLIDATED NET INCOME	$ 6,550	$ 7,366	$ 7,124
Other comprehensive income
Net foreign currency translation adjustment	(626)	(3,959)	(2,382)
Net gain (loss) on derivatives	(382)	142	357
Net urealized gain (loss) on available-for-sale securities	17	(684)	714
Net change in pension and other benefit liabilities	(53)	86	(1,039)
TOTAL COMPREHENSIVE INCOME (LOSS)	5,506	2,951	4,774
Less: Comprehensive income (loss) attributable to noncontrolling interests	10	(3)	21
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY	$ 5,496	$ 2,954	$ 4,753

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 8,555	$ 7,309
Short-term investments	9,595	8,322
TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS	18,150	15,631
Marketable securities	4,051	4,269
Trade accounts receivable, less allowances of $466 and $352, respectively	3,856	3,941
Inventories	2,675	2,902
Prepaid expenses and other assets	2,481	2,752
Assets held for sale	2,797	3,900
TOTAL CURRENT ASSETS	34,010	33,395
EQUITY METHOD INVESTMENTS	16,260	12,318
OTHER INVESTMENTS	989	3,470
OTHER ASSETS	4,248	4,110
PROPERTY, PLANT AND EQUIPMENT - net	10,635	12,571
TRADEMARKS WITH INDEFINITE LIVES	6,097	5,989
BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES	3,676	6,000
GOODWILL	10,629	11,289
OTHER INTANGIBLE ASSETS	726	854
TOTAL ASSETS	87,270	89,996
CURRENT LIABILITIES
Accounts payable and accrued expenses	9,490	9,660
Loans and notes payable	12,498	13,129
Current maturities of long-term debt	3,527	2,676
Accrued income taxes	307	331
Liabilities held for sale	710	1,133
TOTAL CURRENT LIABILITIES	26,532	26,929
LONG-TERM DEBT	29,684	28,311
OTHER LIABILITIES	4,081	4,301
DEFERRED INCOME TAXES	3,753	4,691
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	14,993	14,016
Reinvested earnings	65,502	65,018
Accumulated other comprehensive income (loss)	(11,205)	(10,174)
Treasury stock, at cost — 2,752 and 2,716 shares, respectively	(47,988)	(45,066)
EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY	23,062	25,554
EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS	158	210
TOTAL EQUITY	23,220	25,764
TOTAL LIABILITIES AND EQUITY	$ 87,270	$ 89,996

CONSOLIDATED BALANCE SHEETS BAL

CONSOLIDATED BALANCE SHEETS BALANCE SHEET PARENTHETICAL - USD ($) shares in Millions, $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Balance Sheet Parenthetical [Abstract]
Allowance for Doubtful Accounts Receivable	$ 466	$ 352
Common Stock, Par or Stated Value 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	2,752	2,716

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
OPERATING ACTIVITIES
CONSOLIDATED NET INCOME	$ 6,550	$ 7,366	$ 7,124
Depreciation and amortization	1,787	1,970	1,976
Stock-based compensation expense	258	236	209
Deferred income taxes	(856)	73	(40)
Equity (income) loss - net of dividends	(449)	(122)	(371)
Foreign currency adjustments	158	(137)	415
Significant (gains) losses on sales of assets - net	1,146	(374)	831
Other operating charges	647	929	761
Other items	(224)	744	149
Net change in operating assets and liabilities	(221)	(157)	(439)
Net cash provided by operating activities	8,796	10,528	10,615
INVESTING ACTIVITIES
Purchases of investments	(15,499)	(15,831)	(17,800)
Proceeds from disposals of investments	16,624	14,079	12,986
Acquisitions of businesses, equity method investments and nonmarketable securities	(838)	(2,491)	(389)
Proceeds from disposals of businesses, equity method investments and nonmarkatable securities	1,035	565	148
Purchases of property, plant and equipment	(2,262)	(2,553)	(2,406)
Proceeds from disposals of property, plant and equipment	150	85	223
Other investing activities	(209)	(40)	(268)
Net cash provided by (used in) investing activities	(999)	(6,186)	(7,506)
FINANCING ACTIVITIES
Issuances of debt	27,281	40,434	41,674
Payments of debt	(25,615)	(37,738)	(36,962)
Issuances of stock	1,434	1,245	1,532
Purchases of stock for treasury	(3,681)	(3,564)	(4,162)
Dividends	(6,043)	(5,741)	(5,350)
Other financing activities	79	251	(363)
Net cash provided by (used in) financing activities	(6,545)	(5,113)	(3,631)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(6)	(878)	(934)
CASH AND CASH EQUIVALENTS
Net increase (decrease) during the year	1,246	(1,649)	(1,456)
Balance at beginning of year	7,309	8,958	10,414
Balance at end of year	$ 8,555	$ 7,309	$ 8,958

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, 2013			4,402
Increase (Decrease) in Stockholders' Equity
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
Balance at beginning of year at Dec. 31, 2013				$ 12,276	$ 61,660	$ (3,432)	$ (39,091)	$ 267
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 expense				209
Other activities				(26)
Net income attributable to shareowners of The Coca-Cola Company	$ 7,098				7,098
Dividends (per share — $1.40, $1.32 and $1.22 in 2016, 2015 and 2014, 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)
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				13,154	63,408	(5,777)	(42,225)	241
Common Stock			$ 1,760
Increase (Decrease) in Stockholders' Equity
TOTAL EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY		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 expense				236
Other activities				0
Net income attributable to shareowners of The Coca-Cola Company	7,351				7,351
Dividends (per share — $1.40, $1.32 and $1.22 in 2016, 2015 and 2014, 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)
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
Purchases of treasury stock (in shares)			(86)
Treasury stock issued to employees related to stock compensation plans (in shares)			50
Balance at end of year (in shares) at Dec. 31, 2016			4,288
Increase (Decrease) in Stockholders' Equity
Stock issued to employees related to stock compensation plans				589			811
Tax benefit (charge) from stock compensation plans				130
Stock-based compensation expense				258
Other activities				0
Net income attributable to shareowners of The Coca-Cola Company	6,527				6,527
Dividends (per share — $1.40, $1.32 and $1.22 in 2016, 2015 and 2014, respectively)					(6,043)
Net other comprehensive income (loss)		(1,031)				(1,031)
Purchases of treasury stock							(3,733)
Net income attributable to noncontrolling interests	23							23
Net foreign currency translation adjustment								(13)
Dividends paid to noncontrolling interests								(25)
Contributions by noncontrolling interests								1
Business combinations								0
Deconsolidation of certain entities								(34)
Other activities								(4)
Balance at end of year at Dec. 31, 2016	23,220			$ 14,993	$ 65,502	$ (11,205)	$ (47,988)	$ 158
Common Stock	1,760		$ 1,760
Increase (Decrease) in Stockholders' Equity
TOTAL EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY	$ 23,062	$ 23,062

CONSOLIDATED STATEMENTS OF SHA

CONSOLIDATED STATEMENTS OF SHAREOWNERS' EQUITY SHAREOWNERS' EQUITY PARENTHETICAL - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Shareowners' Equity Parenthetical [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 1.40	$ 1.32	$ 1.22

BUSINESS AND SUMMARY OF SIGNIFI

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
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 including sparkling beverages and a variety of still beverages such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy, and energy 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 59 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") bottling and associated supply chain operations in the United States and Canada, and are included in our Bottling Investments 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. These fountain syrup sales are included in our North America operating segment. We authorize these 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. Certain amounts in the prior years' consolidated financial statements and accompanying notes have been revised to conform to the current year presentation. Principles of Consolidation Our Company consolidates all entities that we control by ownership of a majority voting interest. Additionally, 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 $ 3,709 million and $ 2,687 million as of December 31, 2016 and 2015 , 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 $ 203 million and $ 221 million as of December 31, 2016 and 2015 , 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. 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 investee 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 VIEs and the intercompany portion of transactions with equity method investees. 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 $ 45 million , $ 61 million and $ 72 million in 2016 , 2015 and 2014 , respectively. The aggregate deductions from revenue recorded by the Company in relation to these programs, including amortization expense on infrastructure programs, were $ 6.6 billion , $ 6.8 billion and $ 7.0 billion in 2016 , 2015 and 2014 , 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 in both 2016 and 2015 and $ 3.5 billion in 2014 . As of December 31, 2016 and 2015 , advertising and production costs of $ 113 million and $ 207 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, 2016 , 2015 and 2014 , the Company recorded shipping and handling costs of $ 2.0 billion , $ 2.5 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 51 million , 27 million and 38 million stock option awards were excluded from the computations of diluted net income per share in 2016 , 2015 and 2014 , 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, 2016 2015 2014 Balance at beginning of year $ 352 $ 331 $ 61 Net charges to costs and expenses 1 126 45 308 Write-offs (10 ) (10 ) (13 ) Other 2 (2 ) (14 ) (25 ) Balance at end of year $ 466 $ 352 $ 331 1 The increases in 2016 and 2014 were 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 adjustments and the impact of reclassifying 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 European Partners plc ("CCEP"), 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 $ 1,575 million , $ 1,735 million and $ 1,716 million in 2016 , 2015 and 2014 , respectively. Amortization expense for leasehold improvements totaled $ 22 million , $ 18 million and $ 20 million in 2016 , 2015 and 2014 , 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, rather than completing the impairment test. 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. 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, including CCR's bottling and associated supply chain operations in the United States and Canada. 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 goodwi

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS AND DIVESTITURES	12 Months Ended
	Dec. 31, 2016
Acquisitions and Divestitures Disclosure [
ACQUISITIONS AND DIVESTITURES	ACQUISITIONS AND DIVESTITURES Acquisitions During 2016 , our Company's acquisitions of businesses, equity method investments and nonmarketable securities totaled $838 million , which primarily related to our acquisition of Xiamen Culiangwang Beverage Technology Co., Ltd. ("China Green"), a maker of plant-based protein beverages in China, and a minority investment in CHI Limited ("CHI"), a Nigerian producer of value-added dairy and juice beverages, which is accounted for under the equity method of accounting. Under the terms of the agreement for our investment in CHI, the Company is obligated to acquire the remaining ownership interest from the existing shareowners in 2019 based on an agreed-upon formula. 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 was deconsolidated in conjunction with the Coca-Cola Beverages Africa Proprietary 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. 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 independent distribution partners. The Company and its bottling partners ("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 was 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 escrow was released in June 2016 upon the expiration of the escrow term as certain milestones relating to the transfer of Monster's domestic distribution rights to our distribution network had not been achieved. However, due to the probability that these milestones will be achieved at a future date, the Company has accrued $125 million related to these future payments to Monster. 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 initially held 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 upfront 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. 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. 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. This bottler was deconsolidated in conjunction with the Coca-Cola European Partners transaction discussed further below. Divestitures During 2016 , proceeds from disposals of businesses, equity method investments and nonmarketable securities totaled $1,035 million , primarily related to proceeds from the refranchising of certain of our bottling territories in North America. 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 bottling 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 bottling territories in North America. North America Refranchising In conjunction with implementing a new beverage partnership model in North America, the Company refranchised bottling 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 distribution rights acquired from Monster in 2015 for the respective territories. In 2016, the Company formed a new National Product Supply System ("NPSS") to facilitate optimal operation of the U.S. product supply system. Under the NPSS, the Company and several of its existing independent producing bottlers administer key national product supply activities for these bottlers. Additionally, we have sold or are in the process of selling certain production facilities from CCR to these independent producing bottlers in exchange for cash. During the years ended December 31, 2016 , December 31, 2015 and December 31, 2014 , cash proceeds from these sales totaled $1,017 million , $362 million and $143 million , respectively. Included in the cash proceeds for the years ended December 31, 2016 , December 31, 2015 and December 31, 2014 was $279 million , $83 million and $42 million , respectively, from Coca-Cola Bottling Co. Consolidated ("CCBCC"), 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. We recognized losses of $2,456 million , $1,006 million and $799 million during the years ended December 31, 2016 , 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. During the year ended December 31, 2016 , the Company incurred $31 million of expense related to payments made to certain of our unconsolidated bottling partners in order to convert the bottling agreements for their legacy territories and any previously refranchised territories to a single form of CBA with additional requirements. The additional requirements generally include a binding national governance model, mandatory incidence pricing and additional core performance requirements, among other things. As a result of these conversions, the legacy territories and any previously refranchised territories for each of the related bottling partners will be governed under similar CBAs, which will provide consistency across each such bottler's respective territory, and consistency with other U.S. bottlers that have been granted or converted to this form of CBA. The expense related to these payments was included in the line item other income (loss) — net in our consolidated statement of income during the year ended December 31, 2016 . Coca-Cola European Partners In August 2015, the Company entered into an agreement to combine our German bottling operations with Coca-Cola Enterprises, Inc. ("CCE") and Coca-Cola Iberian Partners, S.A.U., formerly known as Coca-Cola Iberian Partners, S.A. ("CCIP"), to create CCEP. As of December 31, 2015, our German bottling operations were classified as held for sale. On May 28, 2016, the transaction closed and we exchanged our German bottling operations for an 18 percent interest in CCEP. As a result of recording our interest in CCEP at fair value based on its quoted market price, the deconsolidation of our German bottling operations, and the related reversal of its cumulative translation adjustments, we recognized a gain of $1,400 million . This gain was partially offset by a $77 million loss incurred as a result of reclassifying losses related to our net investment hedges of our German bottling operations from AOCI into earnings as well as transaction costs incurred resulting in a net gain of $1,287 million during the year ended December 31, 2016 . Refer to Note 15. With the exception of the transaction costs, the net gain was recorded in the line item other income (loss) — net in our consolidated statement of income. The Company accounts for its 18 percent interest in CCEP as an equity method investment based on our equity ownership percentage, our representation on CCEP's Board of Directors, material intercompany transactions and other governance rights. 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. The 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. The Company accounted for the investment in Keurig as an available-for-sale security, which was included in the line item other investments in our consolidated balance sheet. In March 2016, a JAB Holding Company-led investor group acquired Keurig for $92 per share. The Company received proceeds of $2,380 million , which were recorded in the line item proceeds from disposals of investments in our consolidated statement of cash flows, and recorded a gain of $18 million related to the disposal of our shares of Keurig in the line item other income (loss) — net in our consolidated statement of income during the year ended December 31, 2016 . Coca-Cola Beverages Africa Proprietary Limited In November 2014, the Company, SABMiller plc and Gutsche Family Investments entered into an agreement to combine bottling operations of each of the parties' nonalcoholic ready-to-drink beverage businesses in Southern and East Africa. In connection with the July 2, 2016 closing of the transaction to form the new bottler, which is called Coca-Cola Beverages Africa Proprietary Limited ("CCBA"), the Company: (1) contributed its South African bottling operations to CCBA, which included certain wholly owned subsidiaries and an equity method investment, (2) paid $150 million in cash, (3) obtained a 12 percent interest in CCBA and a 3 percent interest in CCBA's South African subsidiary and (4) acquired several trademarks that are generally indefinite-lived. As a result of recording our interests in CCBA and its South African subsidiary at fair value, the deconsolidation of our South African bottling operations, the derecognition of the equity method investment, and the reversal of related cumulative translation adjustments, we recognized a loss of $21 million . The fair values of the equity investments in CCBA and CCBA's South African subsidiary along with the acquired trademarks were determined using income approaches, including discounted cash flow models, and the Company believes the inputs and assumptions used are consistent with those hypothetical marketplace participants would use. The loss recognized resulted primarily from the reversal of the related cumulative translation adjustments. This loss is recorded in the line item other income (loss) — net in our consolidated statement of income during the year ended December 31, 2016 . Through the Company's 12 percent interest in CCBA, the Company is represented by two directors on CCBA's 10-member Board of Directors. Based on the level of equity ownership, the Company’s representation on the Board of Directors, material intercompany transactions and other governance rights, the Company is accounting for its interests in CCBA and CCBA's South African subsidiary as equity method investments. In October 2016, Anheuser-Busch InBev ("ABI") acquired SABMiller plc, including its controlling interest in CCBA. In December 2016, the Company and ABI reached an agreement regarding the transition of ABI's stake in CCBA for an equity value of $3,150 million , after customary adjustments. The Company has also agreed in principle to acquire ABI's interest in bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador and Honduras. The Company will negotiate the terms of this transaction with ABI according to the contractual parameters. The transactions are subject to the relevant regulatory and minority shareholder approvals and are expected to close by the end of 2017. We plan to hold all of these territories temporarily until they can be refranchised to other partners. Brazilian Bottling Operations In December 2014, the Company received notification that the owners of the majority interest in a Brazilian bottling operation had exercised their option to acquire from us shares representing 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 of these shares. 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, 2016 , the Company had entered into agreements, or otherwise approved plans, to refranchise additional territories in North America. For territories that met the criteria to be classified as held for sale, we were required to record their 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 that these territories will be refranchised within the next 12 months. Refranchising of China Bottling Operations In November 2016, the Company entered into definitive agreements for the sale of the Company-owned bottling operations in China to the two existing franchise bottlers and to sell a related cost method investment to one of the franchise bottlers. Closing is subject to various regulatory approvals and is expected in the first half of 2017. As a result, the Company's bottling operations in China and a related cost method investment met the criteria to be classified as held for sale, which requires us to present the related assets and liabilities as separate line items in our consolidated balance sheet. We were not required to record these assets and liabilities at fair value less any costs to sell because their fair value approximates our carrying value. 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 sheets (in millions): December 31, 2016 December 31, 2015 Cash, cash equivalents and short-term investments $ 49 $ 143 Trade accounts receivable, less allowances 43 485 Inventories 264 276 Prepaid expenses and other assets 114 83 Equity method investments 1 92 Other investments 42 — Other assets 17 25 Property, plant and equipment — net 1,780 2,021 Bottlers' franchise rights with indefinite lives 1,388 1,020 Goodwill 390 333 Other intangible assets 51 115 Allowance for reduction of assets held for sale (1,342 ) (693 ) Total assets $ 2,797 1 $ 3,900 3 Accounts payable and accrued expenses $ 393 $ 712 Current maturities of long-term debt — 12 Accrued income taxes 13 4 Long-term debt — 74 Other liabilities 1 79 Deferred income taxes 303 252 Total liabilities $ 710 2 $ 1,133 4 1 Consists of total assets relating to North America refranchising of $1,247 million , China bottling operations of $1,533 million and other assets held for sale of $17 million , which are included in the Bottling Investments and Corporate operating segments. 2 Consists of total liabilities relating to North America refranchising of $224 million , China bottling operations of $483 million and other liabilities held for sale of $3 million , which are included in the Bottling Investments and Corporate operating segments. 3 Consists of total assets relating to CCEP of $2,894 million , North America refranchising of $589 million , CCBA of $398 million and other assets held for sale of $19 million , which are included in the Bottling Investments, Europe, Middle East and Africa and Corporate operating segments. 4 Consists of total liabilities relating to CCEP of $924 million , North America refranchising of $123 million and CCBA of $86 million , which are included in the Bottling Investments and Europe, Middle East and Africa 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, 2016
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, 2016 and 2015 , our trading securities had a fair value of $ 384 million and $ 322 million , respectively, and consisted primarily of equity securities. The Company had net unrealized gains on trading securities of $ 39 million , $ 19 million and $ 40 million as of December 31, 2016 , 2015 and 2014 , respectively. The Company's trading securities were included in the following line items in our consolidated balance sheets (in millions): December 31, 2016 2015 Marketable securities $ 282 $ 229 Other assets 102 93 Total $ 384 $ 322 Available-for-Sale and Held-to-Maturity Securities As of December 31, 2016 and 2015 , 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 2016 Available-for-sale securities: 1 Equity securities $ 1,252 $ 425 $ (22 ) $ 1,655 Debt securities 4,700 89 (31 ) 4,758 Total $ 5,952 $ 514 $ (53 ) $ 6,413 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 1 Refer to Note 16 for additional information related to the estimated fair value. The sale and/or maturity of available-for-sale securities resulted in the following realized activity (in millions): Year Ended December 31, 2016 2015 2014 Gross gains $ 152 $ 103 $ 38 Gross losses (51 ) (42 ) (21 ) Proceeds 11,540 4,043 4,157 In 2016 and 2015 , 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, 2016 and 2015 , the Company's available-for-sale securities included solvency capital funds of $ 985 million and $ 804 million , respectively. As of December 31, 2016 and 2015 , 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, 2016 2015 Cash and cash equivalents $ 682 $ 361 Marketable securities 3,769 4,040 Other investments 849 1 3,280 Other assets 1,113 925 Total $ 6,413 $ 8,606 1 The decline in other investments in 2016 is primarily due to the disposal of our investment in Keurig. Refer to Note 2. The contractual maturities of these available-for-sale securities as of December 31, 2016 were as follows (in millions): Cost Estimated Fair Value Within 1 year $ 1,900 $ 1,900 After 1 year through 5 years 2,324 2,352 After 5 years through 10 years 176 194 After 10 years 300 312 Equity securities 1,252 1,655 Total $ 5,952 $ 6,413 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, 2016 and 2015 . Our cost method investments had a carrying value of $ 140 million and $ 190 million as of December 31, 2016 and 2015 , respectively.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2016
Inventories [Abstract]
INVENTORIES	INVENTORIES Inventories consist primarily of raw materials and packaging (which include 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, 2016 2015 Raw materials and packaging $ 1,565 $ 1,564 Finished goods 844 1,032 Other 266 306 Total inventories $ 2,675 $ 2,902

HEDGING TRANSACTIONS AND DERIVA

HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2016
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 statement 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 $ 400 $ 572 Foreign currency contracts Other assets 60 246 Commodity contracts Prepaid expenses and other assets — 1 Interest rate contracts Prepaid expenses and other assets — 20 Interest rate contracts Other assets 105 62 Total assets $ 565 $ 901 Liabilities: Foreign currency contracts Accounts payable and accrued expenses $ 40 $ 51 Foreign currency contracts Other liabilities 54 75 Commodity contracts Accounts payable and accrued expenses 1 — Interest rate contracts Accounts payable and accrued expenses 36 53 Interest rate contracts Other liabilities 47 231 Total liabilities $ 178 $ 410 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 $ 284 $ 105 Foreign currency contracts Other assets — 241 Commodity contracts Prepaid expenses and other assets 27 2 Commodity contracts Other assets 1 1 Other derivative instruments Prepaid expenses and other assets 4 17 Other derivative instruments Other assets 1 3 Total assets $ 317 $ 369 Liabilities: Foreign currency contracts Accounts payable and accrued expenses $ 60 $ 59 Foreign currency contracts Other liabilities 16 9 Commodity contracts Accounts payable and accrued expenses 16 154 Commodity contracts Other liabilities 1 19 Interest rate contracts Accounts payable and accrued expenses 8 — Interest rate contracts Other liabilities 1 1 Other derivative instruments Accounts payable and accrued expenses 2 5 Other derivative instruments Other liabilities 5 2 Total liabilities $ 109 $ 249 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 $ 6,074 million and $ 10,383 million as of December 31, 2016 and 2015 , 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. 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 year ended 2016 . The total notional values of derivatives that have been designated as cash flow hedges for the Company's foreign currency denominated debt were $1,851 million and $566 million as of December 31, 2016 and 2015 , respectively. 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 $ 12 million and $ 8 million as of December 31, 2016 and 2015 , 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 $ 1,500 million and $ 3,328 million as of December 31, 2016 and 2015 , 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, 2016 , 2015 and 2014 (in millions): Gain (Loss) Recognized in 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) 2016 Foreign currency contracts $ 69 Net operating revenues $ 567 $ (3 ) Foreign currency contracts 8 Cost of goods sold 35 (1 ) Foreign currency contracts — Interest expense (9 ) — Foreign currency contracts 13 Other income (loss) — net (3 ) (3 ) Interest rate contracts (126 ) Interest expense (17 ) (2 ) Commodity contracts (1 ) Cost of goods sold (1 ) — Total $ (37 ) $ 572 $ (9 ) 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 $ — 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, 2016 , the Company estimates that it will reclassify into earnings during the next 12 months net gains of $ 532 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, 2016 , such adjustments had cumulatively decreased the carrying value of our long-term debt by $ 67 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 $ 6,158 million and $ 7,963 million as of December 31, 2016 and 2015 , 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 $ 1,163 million and $ 2,159 million as of December 31, 2016 and 2015 , 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, 2016 , 2015 and 2014 (in millions): Hedging Instruments and Hedged Items Location of Gain (Loss) Recognized in Income Gain (Loss) Recognized in Income 1 2016 Interest rate contracts Interest expense $ 170 Fixed-rate debt Interest expense (152 ) Net impact to interest expense $ 18 Foreign currency contracts Other income (loss) — net $ 69 Available-for-sale securities Other income (loss) — net (73 ) Net impact to other income (loss) — net $ (4 ) Net impact of fair value hedging instruments $ 14 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 ) 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 net investments in a number of foreign operations. During the years ended December 31, 2016 and 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, 2016 2015 2016 2015 2014 Foreign currency contracts $ 100 $ 1,347 $ (237 ) $ 661 $ 80 Foreign currency denominated debt 11,113 10,912 304 (24 ) — Total $ 11,213 $ 12,259 $ 67 $ 637 $ 80 The Company reclassified net deferred losses of $77 million related to the deconsolidation of our German bottling operations from AOCI into earnings during the year ended December 31, 2016 . 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 and 2014 . In addition, the Company did not have any ineffectiveness related to net investment hedges during the years ended December 31, 2016 , 2015 and 2014 . 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 $ 5,276 million and $ 3,605 million as of December 31, 2016 and 2015 , 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 $ 447 million and $ 893 million as of December 31, 2016 and 2015 , 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, 2016 , 2015 and 2014 (in millions): Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income Year Ended December 31, 2016 2015 2014 Foreign currency contracts Net operating revenues $ (45 ) $ 41 $ (6 ) Foreign currency contracts Cost of goods sold 4 3 — Foreign currency contracts Other income (loss) — net (168 ) (92 ) (85 ) Commodity contracts Net operating revenues 10 (16 ) (48 ) Commodity contracts Cost of goods sold 75 (209 ) (8 ) Commodity contracts Selling, general and administrative expenses 6 (25 ) (79 ) Interest rate contracts Interest expense (39 ) — — Other derivative instruments Selling, general and administrative expenses 16 1 24 Other derivative instruments Other income (loss) — net (15 ) (37 ) 39 Total $ (156 ) $ (334 ) $ (163 )

EQUITY METHOD INVESTMENTS

EQUITY METHOD INVESTMENTS	12 Months Ended
	Dec. 31, 2016
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, CCEP and Monster. As of December 31, 2016 , we owned approximately 28 percent , 23 percent , 29 percent , 18 percent and 18 percent , respectively, of these companies' outstanding shares. As of December 31, 2016 , our investment in our equity method investees in the aggregate exceeded our proportionate share of the net assets of these equity method investees by $ 6,792 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 2016 2015 2014 Net operating revenues $ 58,054 $ 47,498 $ 52,627 Cost of goods sold 34,338 28,749 31,810 Gross profit $ 23,716 $ 18,749 $ 20,817 Operating income $ 5,652 $ 4,483 $ 4,489 Consolidated net income $ 2,967 $ 2,299 $ 2,440 Less: Net income attributable to noncontrolling interests 78 65 74 Net income attributable to common shareowners $ 2,889 $ 2,234 $ 2,366 Equity income (loss) — net $ 835 $ 489 $ 769 1 The financial information represents the results of the equity method investees during the Company's period of ownership. December 31, 2016 2015 Current assets $ 19,586 $ 17,524 Noncurrent assets 58,529 36,498 Total assets $ 78,115 $ 54,022 Current liabilities $ 16,125 $ 11,820 Noncurrent liabilities 25,610 14,467 Total liabilities $ 41,735 $ 26,287 Equity attributable to shareowners of investees $ 35,204 $ 26,854 Equity attributable to noncontrolling interests 1,176 881 Total equity $ 36,380 $ 27,735 Company equity investment $ 16,260 $ 12,318 Net sales to equity method investees, the majority of which are located outside the United States, were $ 10,495 million , $ 8,984 million and $ 10,063 million in 2016 , 2015 and 2014 , respectively. Total payments, primarily marketing, made to equity method investees were $ 946 million , $ 1,380 million and $ 1,605 million in 2016 , 2015 and 2014 , respectively. In addition, purchases of beverage products from equity method investees were $ 1,857 million , $ 1,131 million and $ 381 million in 2016 , 2015 and 2014 , respectively. The increase in purchases of beverage products in 2016 and 2015 is primarily due to purchases from Monster. Refer to Note 2. If valued at the December 31, 2016 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 $ 6,179 million . However, the carrying value of our investment in CCEP exceeded the fair value of the investment as of December 31, 2016 by $462 million . Based on 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, management determined that the decline in fair value was temporary in nature. Therefore, we did not record an impairment charge. Net Receivables and Dividends from Equity Method Investees Total net receivables due from equity method investees were $ 1,696 million and $ 1,399 million as of December 31, 2016 and 2015 , respectively. The total amount of dividends received from equity method investees was $ 386 million , $ 367 million and $ 398 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. The amount of consolidated reinvested earnings that represents undistributed earnings of investments accounted for under the equity method as of December 31, 2016 was $3,839 million .

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2016
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, 2016 2015 Land $ 589 $ 717 Buildings and improvements 4,574 4,914 Machinery, equipment and vehicle fleet 16,093 16,723 21,256 22,354 Less accumulated depreciation 10,621 9,783 Property, plant and equipment — net $ 10,635 $ 12,571

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2016
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, 2016 2015 Trademarks $ 6,097 $ 5,989 Bottlers' franchise rights 1,2,3 3,676 6,000 Goodwill 10,629 11,289 Other 128 164 Indefinite-lived intangible assets $ 20,530 $ 23,442 1 The decrease in 2016 was primarily the result of additional North America bottling territories being refranchised or reclassified as held for sale as well as the Company's China bottling operations being reclassified as held for sale. Refer to Note 2 . 2 In 2015, the Company acquired rights to distribute Monster products in expanded territories as a result of the Monster Transaction. The carrying values of these rights as of December 31, 2016 and 2015 were $298 million and $640 million , respectively. 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. The decrease in 2016 is related to North America refranchising. Refer to Note 2 . 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, 2016 , the agreements have remaining terms of 14 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, 2016 and 2015 were $576 million and $652 million , respectively. The decrease in 2016 is related to North America refranchising. Refer to Note 2 . The following table provides information related to the carrying value of our goodwill by operating segment (in millions): Europe, Middle East & Africa Latin America North America Asia Pacific Bottling Investments Total 2015 Balance at beginning of year $ 746 $ 147 $ 8,568 $ 131 $ 2,508 $ 12,100 Effect of foreign currency translation (105 ) (24 ) — 2 (37 ) (164 ) Acquisitions 1 — — 26 — 1 27 Adjustments related to the finalization of purchase accounting 1 — — — — 4 4 Impairment — — — — (4 ) (4 ) Divestitures, deconsolidations and other 1 (3 ) — (283 ) — (388 ) (674 ) Balance at end of year $ 638 $ 123 $ 8,311 $ 133 $ 2,084 $ 11,289 2016 Balance at beginning of year $ 638 $ 123 $ 8,311 $ 133 $ 2,084 $ 11,289 Effect of foreign currency translation (10 ) (6 ) — (11 ) (6 ) (33 ) Acquisitions 1 — — — 6 — 6 Adjustments related to the finalization of purchase accounting 1 — — 10 — — 10 Impairment — — — — (10 ) (10 ) Divestitures, deconsolidations and other 1,2 — — — — (633 ) (633 ) Balance at end of year $ 628 $ 117 $ 8,321 $ 128 $ 1,435 $ 10,629 1 Refer to Note 2 for information related to the Company's acquisitions and divestitures. 2 The 2016 decrease in the Bottling Investments segment was primarily a result of additional North America bottling territories being refranchised or reclassified as held for sale as well as the Company's China bottling operations being reclassified as held for sale. Refer to Note 2 . Definite-Lived Intangible Assets The following table summarizes information related to definite-lived intangible assets (in millions): December 31, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Customer relationships 1 $ 392 $ (185 ) $ 207 $ 493 $ (199 ) $ 294 Bottlers' franchise rights 1 487 (381 ) 106 604 (412 ) 192 Trademarks 228 (64 ) 164 211 (44 ) 167 Other 2 179 (58 ) 121 97 (60 ) 37 Total $ 1,286 $ (688 ) $ 598 $ 1,405 $ (715 ) $ 690 1 The decrease in 2016 was primarily due to the derecognition of intangible assets as a result of the North America refranchising. Refer to Note 2 . 2 The increase in 2016 related to our acquisition of China Green. Total amortization expense for intangible assets subject to amortization was $ 139 million , $ 156 million and $ 168 million in 2016 , 2015 and 2014 , respectively. Based on the carrying value of definite-lived intangible assets as of December 31, 2016 , we estimate our amortization expense for the next five years will be as follows (in millions): Amortization Expense 2017 $ 111 2018 65 2019 63 2020 57 2021 48

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2016
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, 2016 2015 Accrued marketing $ 2,186 $ 2,186 Trade accounts payable 2,682 2,795 Other accrued expenses 2,593 2,430 Accrued compensation 857 936 Deferred tax liabilities 692 743 Sales, payroll and other taxes 372 444 Container deposits 108 126 Accounts payable and accrued expenses $ 9,490 $ 9,660

DEBT AND BORROWING ARRANGEMENTS

DEBT AND BORROWING ARRANGEMENTS	12 Months Ended
	Dec. 31, 2016
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, 2016 and 2015 , we had $ 12,330 million and $ 13,035 million , respectively, in outstanding commercial paper borrowings. Our weighted-average interest rates for commercial paper outstanding were approximately 0.8 percent and 0.5 percent per year as of December 31, 2016 and 2015 , respectively. In addition, we had $ 9,598 million in lines of credit and other short-term credit facilities as of December 31, 2016 . The Company's total lines of credit included $ 168 million that was outstanding and primarily related to our international operations. Included in the credit facilities discussed above, the Company had $ 8,170 million in lines of credit for general corporate purposes. These backup lines of credit expire at various times from 2017 through 2022 . There were no borrowings under these backup lines of credit during 2016 . 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 2016 , the Company issued Australian dollar-, euro- and U.S. dollar-denominated debt of AUD 1,000 million , €500 million and $3,725 million , respectively. The carrying value of this debt as of December 31, 2016 was $4,971 million . The general terms of the notes issued are as follows: • AUD 450 million total principal amount of notes due June 9, 2020, at a fixed interest rate of 2.60 percent ; • AUD 550 million total principal amount of notes due June 11, 2024, at a fixed interest rate of 3.25 percent ; • $225 million total principal amount of notes due November 16, 2017, at a variable interest rate equal to the three -month London Interbank Offered Rate ("LIBOR") plus 0.05 percent ; • $1,000 million total principal amount of notes due May 30, 2019, at a fixed interest rate of 1.375 percent ; • $1,000 million total principal amount of notes due September 1, 2021, at a fixed interest rate of 1.55 percent ; • $500 million total principal amount of notes due June 1, 2026, at a fixed interest rate of 2.55 percent ; • $1,000 million total principal amount of notes due September 1, 2026, at a fixed interest rate of 2.25 percent ; and • €500 million total principal amount of notes due September 2, 2036, at a fixed interest rate of 1.10 percent . During 2016 , the Company retired upon maturity $1,654 million total principal amount of notes due September 1, 2016, at a fixed interest rate of 1.80 percent , $500 million total principal amount of notes due November 1, 2016 at a fixed interest rate of 0.75 percent and $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 . 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 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. The Company's long-term debt consisted of the following (in millions, except average rate data): December 31, 2016 December 31, 2015 Amount Average Rate 1 Amount Average Rate 1 U.S. dollar notes due 2017–2093 $ 16,922 2.0 % $ 15,853 2.1 % U.S. dollar debentures due 2017–2098 2,111 4.1 2,122 3.9 U.S. dollar zero coupon notes due 2020 2 153 8.4 148 8.4 Australian dollar notes due 2020–2024 741 1.2 — N/A Euro notes due 2017–2036 3 11,567 0.7 11,318 0.7 Swiss franc notes due 2017–2028 3 1,304 2.5 1,286 0.9 Other, due through 2098 4 316 3.5 307 4.2 Fair value adjustment 5 97 N/A (47 ) N/A Total 6,7 33,211 1.7 % 30,987 1.7 % Less current portion 3,527 2,676 Long-term debt $ 29,684 $ 28,311 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 $ 18 million and $ 23 million as of December 31, 2016 and 2015 , respectively. 3 This amount includes adjustments recorded due to changes in foreign currency exchange rates. 4 As of December 31, 2016 , the amount shown includes $ 170 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, 2016 and 2015 , the fair value of our long-term debt, including the current portion, was $ 33,752 million and $ 31,308 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 $ 361 million and $ 411 million as of December 31, 2016 and 2015 , respectively. These fair value adjustments are being amortized over the number of years remaining until the underlying debt matures. As of December 31, 2016 , the weighted-average maturity of the assumed debt to which these fair value adjustments relate was approximately 21 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 $ 663 million , $ 515 million and $ 498 million in 2016 , 2015 and 2014 , respectively. Maturities of long-term debt for the five years succeeding December 31, 2016 , are as follows (in millions): Maturities of Long-Term Debt 2017 $ 3,527 2018 3,301 2019 3,241 2020 4,302 2021 2,318

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Guarantees As of December 31, 2016 , we were contingently liable for guarantees of indebtedness owed by third parties of $ 587 million , of which $ 247 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. 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, and the IRS filed its answer on February 12, 2016. A trial date has been set for March 5, 2018. 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. 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 and 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 $ 527 million and $ 560 million as of December 31, 2016 and 2015 , respectively. Workforce (Unaudited) We refer to our employees as "associates." As of December 31, 2016 , our Company had approximately 100,300 associates, of which approximately 51,000 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, 2016 , approximately 16,300 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, 2016 (in millions): Year Ended December 31, Operating Lease Payments 2017 $ 176 2018 98 2019 78 2020 64 2021 54 Thereafter 213 Total minimum operating lease payments 1 $ 683 1 Income associated with sublease arrangements is not significant.

STOCK COMPENSATION PLANS

STOCK COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2016
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 $ 258 million , $ 236 million and $ 209 million in 2016 , 2015 and 2014 , 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 $ 71 million , $ 65 million and $ 57 million in 2016 , 2015 and 2014 , 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, 2016 , we had $ 267 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 1.5 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, 2016 , there were 448.3 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 average of the high and low market prices per share for the Company's stock on the date of grant. The fair value of each stock 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 stock 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: 2016 2015 2014 Fair value of stock options at grant date $ 4.17 $ 4.38 $ 3.91 Dividend yield 1 3.2 % 3.1 % 2.7 % Expected volatility 2 16.0 % 16.0 % 16.0 % Risk-free interest rate 3 1.5 % 1.8 % 1.6 % Expected term of the stock options 4 6 years 6 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 stock options 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 its stock-based compensation plans from the Company's treasury shares. Stock option activity for all plans for the year ended December 31, 2016 , was as follows: Shares (In millions) Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life Aggregate Intrinsic Value (In millions) Outstanding on January 1, 2016 266 $ 32.51 Granted 9 43.52 Exercised (50 ) 28.68 Forfeited/expired (5 ) 37.18 Outstanding on December 31, 2016 1 220 $ 33.70 5.11 years $ 1,731 Expected to vest 219 $ 33.66 5.09 years $ 1,730 Exercisable on December 31, 2016 166 $ 31.96 4.36 years $ 1,580 1 Includes 0.7 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 $ 15.50 and generally vest over 3 years and expire 10 years from the original date of grant. The total intrinsic value of the stock options exercised was $ 787 million , $ 594 million and $ 894 million in 2016 , 2015 and 2014 , respectively. The total shares exercised were 50 million , 44 million and 58 million in 2016 , 2015 and 2014 , 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 entitle participants to vote or receive dividends. 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 the Company's 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's 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 award 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 award, 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, 2016 , performance share units of 4,830,000 , 1,640,000 and 3,303,000 were outstanding for the 2014–2016, 2015–2017 and 2016–2018 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, 2016 1 12,196 $ 33.30 Granted 3,502 39.70 Paid in cash equivalent (53 ) 36.84 Canceled/forfeited (5,872 ) 32.96 Outstanding on December 31, 2016 1,2 9,773 $ 35.77 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, 2016 , at the threshold award and maximum award levels were 3.1 million and 18.3 million , respectively. The weighted-average grant date fair value of performance share units granted was $39.70 in 2016 , $37.99 in 2015 and $32.33 in 2014 . The Company did not convert any performance share units into cash equivalent payments in 2015. The Company converted performance share units of 52,545 in 2016 and 5,403 in 2014 to cash equivalent payments of $1.9 million and $ 0.2 million , respectively, to former employees or their beneficiaries due to certain events such as death or disability. The total intrinsic value of restricted shares that were vested and released was less than $1 million , $ 5 million and $ 255 million in 2016 , 2015 and 2014 , respectively. The total restricted share units vested and released were 7,101 in 2016, 130,017 in 2015 and 6,773,934 in 2014 . 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 entitle participants to vote or receive dividends 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 entitle participants to vote and receive dividends, while for certain other 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, 2016 , the Company had outstanding nonvested time-based restricted stock, including restricted stock units, of 770,244 , 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, 2016
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, 2016 , the primary U.S. plan represented 58 percent and 61 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, 2016 2015 2016 2015 Benefit obligation at beginning of year 1 $ 9,159 $ 10,346 $ 940 $ 1,006 Service cost 239 265 22 27 Interest cost 319 379 31 37 Foreign currency exchange rate changes (38 ) (309 ) (2 ) (14 ) Amendments 17 6 (4 ) (10 ) Actuarial loss (gain) 441 (479 ) 20 (54 ) Benefits paid 2 (346 ) (353 ) (64 ) (59 ) Business combinations — 1 — — Divestitures 3 (16 ) (218 ) (2 ) — Settlements 4 (384 ) (499 ) — — Special termination benefits 37 21 2 2 Other — (1 ) 19 5 Benefit obligation at end of year 1 $ 9,428 $ 9,159 $ 962 $ 940 Fair value of plan assets at beginning of year $ 7,689 $ 8,902 $ 245 $ 246 Actual return on plan assets 690 (44 ) 8 (3 ) Employer contributions 718 121 — — Foreign currency exchange rate changes (70 ) (322 ) — — Benefits paid (270 ) (270 ) (3 ) (3 ) Divestitures 3 (16 ) (206 ) — — Settlements 4 (374 ) (486 ) — — Other 4 (6 ) 5 5 Fair value of plan assets at end of year $ 8,371 $ 7,689 $ 255 $ 245 Net liability recognized $ (1,057 ) $ (1,470 ) $ (707 ) $ (695 ) 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 $9,141 million and $8,868 million as of December 31, 2016 and 2015 , respectively. 2 Benefits paid to pension plan participants during 2016 and 2015 included $76 million and $83 million , respectively, in payments related to unfunded pension plans that were paid from Company assets. Benefits paid to participants of other benefit plans during 2016 and 2015 included $61 million and $56 million , respectively, that were paid from Company assets. 3 Divestitures are primarily related to the deconsolidation of the Company's German bottling operations in May 2016. These operations were classified as held for sale as of December 31, 2015. Refer to Note 2. 4 Settlements are primarily related to the Company's North America refranchising and productivity, restructuring and integration initiatives. Refer to Note 2 and Note 18. Pension and other benefit amounts recognized in our consolidated balance sheets are as follows (in millions): Pension Benefits Other Benefits December 31, 2016 2015 2016 2015 Noncurrent asset $ 572 $ 454 $ — $ — Current liability (71 ) (72 ) (23 ) (21 ) Long-term liability (1,558 ) (1,852 ) (684 ) (674 ) Net liability recognized $ (1,057 ) $ (1,470 ) $ (707 ) $ (695 ) 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, 2016 2015 Projected benefit obligation $ 7,907 $ 7,767 Fair value of plan assets 6,303 5,865 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, 2016 2015 Accumulated benefit obligation $ 7,668 $ 7,537 Fair value of plan assets 6,257 5,846 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, 2016 2015 2016 2015 Cash and cash equivalents $ 229 $ 222 $ 173 $ 54 Equity securities: U.S.-based companies 1,208 1,118 619 445 International-based companies 451 398 488 419 Fixed-income securities: Government bonds 395 442 131 295 Corporate bonds and debt securities 854 1,037 142 136 Mutual, pooled and commingled funds 1 693 713 440 410 Hedge funds/limited partnerships 1,172 723 41 41 Real estate 521 462 2 2 Other 538 513 274 259 Total pension plan assets 2 $ 6,061 $ 5,628 $ 2,310 $ 2,061 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 plans. 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, 2016 , no investment manager was responsible for more than 7 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 5 percent of our total global equities and approximately 2 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, 2016 , the long-term target allocation for 73 percent of our international subsidiaries' pension plan assets, primarily certain of our European and Canadian plans, is 60 percent equity securities; 25 percent fixed-income securities; and 15 percent other investments. The actual allocation for the remaining 27 percent of the Company's international subsidiaries' plan assets consisted of 55 percent mutual, pooled and commingled funds; 1 percent equity securities; 3 percent fixed-income securities; and 41 percent other investments. The investment strategies for our international subsidiaries' plans 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, 2016 2015 Cash and cash equivalents $ 2 $ 8 Equity securities: U.S.-based companies 116 116 International-based companies 8 6 Fixed-income securities: Government bonds 3 80 Corporate bonds and debt securities 6 8 Mutual, pooled and commingled funds 103 15 Hedge funds/limited partnerships 9 5 Real estate 4 3 Other 4 4 Total other postretirement benefit plan assets 1 $ 255 $ 245 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, 2016 2015 2014 2016 2015 2014 Service cost $ 239 $ 265 $ 261 $ 22 $ 27 $ 26 Interest cost 319 379 406 31 37 43 Expected return on plan assets 1 (653 ) (705 ) (713 ) (11 ) (11 ) (11 ) Amortization of prior service cost (credit) (2 ) (2 ) (2 ) (19 ) (19 ) (17 ) Amortization of actuarial loss 2 183 199 73 7 10 2 Net periodic benefit cost 86 136 25 30 44 43 Settlement charge 3 118 149 4 — — — Special termination benefits 3 37 20 5 1 2 — Other (3 ) — — 23 — — Total cost recognized in statements of income $ 238 $ 305 $ 34 $ 54 $ 46 $ 43 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 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 plan participants. 3 The settlement charge and special termination benefits are primarily related to the Company's North America refranchising and productivity, restructuring and integration initiatives. Refer to Note 2 and 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, 2016 2015 2016 2015 Balance in AOCI at beginning of year $ (2,907 ) $ (3,069 ) $ (26 ) $ (67 ) Recognized prior service cost (credit) (2 ) (2 ) (28 ) 2 (19 ) Recognized net actuarial loss (gain) 301 348 7 10 Prior service credit (cost) arising in current year (17 ) (6 ) 4 10 Net actuarial (loss) gain arising in current year (404 ) (270 ) (6 ) 2 40 Impact of divestitures 1 64 — — — Foreign currency translation gain (loss) 33 92 1 — Balance in AOCI at end of year $ (2,932 ) $ (2,907 ) $ (48 ) $ (26 ) 1 Related to the deconsolidation of our German bottling operations. Refer to Note 2. 2 Includes $9 million of recognized prior service credit and $17 million of actuarial gains arising in the current year due to the impact of curtailments. The following table sets forth amounts in AOCI for our benefit plans (in millions, pretax): Pension Benefits Other Benefits December 31, 2016 2015 2016 2015 Prior service credit (cost) $ (14 ) $ 3 $ 69 $ 93 Net actuarial loss (2,918 ) (2,910 ) (117 ) (119 ) Balance in AOCI at end of year $ (2,932 ) $ (2,907 ) $ (48 ) $ (26 ) Amounts in AOCI expected to be recognized as components of net periodic benefit cost in 2017 are as follows (in millions, pretax): Pension Benefits Other Benefits Amortization of prior service cost (credit) $ — $ (20 ) Amortization of actuarial loss 178 8 Total $ 178 $ (12 ) Assumptions Certain weighted-average assumptions used in computing the benefit obligations are as follows: Pension Benefits Other Benefits December 31, 2016 2015 2016 2015 Discount rate 4.00 % 4.25 % 4.00 % 4.25 % Rate of increase in compensation levels 3.75 % 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, 2016 2015 2014 2016 2015 2014 Discount rate 4.25 % 3.75 % 4.75 % 4.25 % 3.75 % 4.75 % 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 2016 net periodic pension cost for the U.S. plans was 8.25 percent . As of December 31, 2016 , the 5-year, 10-year and 15-year annualized return on plan assets for the primary U.S. plan was 8.7 percent , 4.9 percent and 6.9 percent , respectively. The annualized return since inception was 10.6 percent . The assumed health care cost trend rates are as follows: December 31, 2016 2015 Health care cost trend rate assumed for next year 7.00 % 7.00 % 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 2021 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, 2016 , 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 cost for pension and other postretirement benefit plans and is measuring these components 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 rates. The change did not affect the measurement of the Company's pension and other postretirement benefit obligations for those plans and was 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, 2017 2018 2019 2020 2021 2022–2026 Pension benefit payments $ 574 $ 496 $ 521 $ 536 $ 549 $ 2,906 Other benefit payments 1 65 66 67 67 67 323 Total estimated benefit payments $ 639 $ 562 $ 588 $ 603 $ 616 $ 3,229 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 2017–2021, and $3 million for the period 2022–2026. The Company anticipates making pension contributions in 2017 of $106 million , the majority of which will be allocated to our international 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 $82 million , $94 million and $92 million in 2016 , 2015 and 2014 , respectively. We also sponsor defined contribution plans in certain locations outside the United States. Company costs associated with those plans were $37 million , $35 million and $36 million in 2016 , 2015 and 2014 , respectively. Multi-Employer Pension Plans As a result of our acquisition of Old CCE's North America business in 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 $41 million , $ 40 million and $38 million in 2016 , 2015 and 2014 , respectively. The plans we currently participate in have contractual arrangements that extend into 2021. 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, 2016
Income Taxes [Abstract]
INCOME TAXES	INCOME TAXES Income before income taxes consisted of the following (in millions): Year Ended December 31, 2016 2015 2014 United States $ 113 1 $ 1,801 $ 1,567 International 8,023 7,804 7,758 Total $ 8,136 $ 9,605 $ 9,325 1 Includes $2,456 million in charges related to refranchising certain bottling territories in North America. Refer to Note 2. Income tax expense consisted of the following for the years ended December 31, 2016 , 2015 and 2014 (in millions): United States State and Local International Total 2016 Current $ 1,147 $ 113 $ 1,182 $ 2,442 Deferred (838 ) 1 (91 ) 73 (856 ) 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 ) 1 Includes the benefit from charges related to refranchising certain bottling territories in North America. Refer to Note 2. We made income tax payments of $ 1,554 million , $ 2,357 million and $ 1,926 million in 2016 , 2015 and 2014 , respectively. A reconciliation of the statutory U.S. federal tax rate and our effective tax rate is as follows: Year Ended December 31, 2016 2015 2014 Statutory U.S. federal tax rate 35.0 % 35.0 % 35.0 % State and local income taxes — net of federal benefit 1.2 1.2 1.0 Earnings in jurisdictions taxed at rates different from the statutory U.S. federal rate (17.5 ) 1,2,3 (12.7 ) 9 (11.5 ) 14,15 Equity income or loss (3.0 ) 4 (1.7 ) 10 (2.2 ) Other operating charges 1.4 5,6 1.2 11,12 2.9 16,17 Other — net 2.4 7,8 0.3 13 (1.6 ) Effective tax rate 19.5 % 23.3 % 23.6 % 1 Includes a pretax charge of $72 million (or a 0.3 percent impact on our effective tax rate) related to charges resulting from remeasuring our net monetary assets denominated in Egyptian pounds. Refer to Note 17. 2 Includes a tax benefit of $68 million (or a 0.8 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 as well as tax settlements with various international jurisdictions. 3 Includes a tax charge of $189 million related to a pretax gain of $1,323 million (or a 3.4 percent impact on our effective tax rate) related to the deconsolidation of our German bottling operations and a net pretax gain of $18 million related to the disposal of our investment in Keurig, partially offset by a pretax loss of $21 million related to the deconsolidation of our South African bottling operations. This charge also includes the tax impact resulting from the accrual of tax on temporary differences related to the investment in foreign subsidiaries that are now expected to reverse in the foreseeable future. Refer to Note 2. 4 Includes an $11 million tax benefit on a pretax charge of $61 million (or a 0.1 percent impact on our effective tax rate) related to our proportionate share of significant operating and nonoperating items recorded by certain of our equity method investees. Refer to Note 17. 5 Includes a tax benefit of $74 million on pretax charges of $309 million (or a 0.4 percent impact on our effective tax rate) which primarily included $200 million in cash contributions to The Coca-Cola Foundation, a $76 million charge due to the write-down we recorded related to receivables from our bottling partner in Venezuela and a $32 million charge due to tax litigation expense. Refer to Note 17 . 6 Includes a tax benefit of $338 million on pretax charges of $1,201 million (or a 1.0 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 . 7 Includes a tax expense of $157 million (or a 1.9 percent impact on our effective tax rate) primarily related to amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties in certain domestic jurisdictions. 8 Includes a tax expense of $753 million primarily on pretax charges of $2,456 million (or a 1.4 percent impact on our effective tax rate) related to the refranchising of certain bottling territories in North America. Refer to Note 2 . 9 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. 10 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 significant operating and nonoperating items recorded by certain of our equity method investees. Refer to Note 17. 11 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. 12 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. 13 Includes tax expense of $150 million on pretax income of $77 million (or a 1.3 percent impact on our effective tax rate) primarily due to the gain related to the Monster Transaction, offset by charges related to the refranchising of certain bottling territories in North America and charges associated with the early extinguishment of long-term debt. Refer to Note 2 and Note 17. 14 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. 15 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. 16 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. 17 Includes a tax benefit of $191 million on pretax charges of $809 million (or a 1.0 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. 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 2017 to 2036 . 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 $ 105 million , $ 223 million and $ 265 million for the years ended December 31, 2016 , 2015 and 2014 , 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, 2016 , the gross amount of unrecognized tax benefits was $ 302 million . If the Company were to prevail on all uncertain tax positions, the net effect would be a benefit of $ 179 million , exclusive of any benefits related to interest and penalties. The remaining $ 123 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, 2016 2015 2014 Beginning balance of unrecognized tax benefits $ 168 $ 211 $ 230 Increase related to prior period tax positions 163 1 4 13 Decrease related to prior period tax positions — (9 ) (2 ) Increase related to current period tax positions 17 5 11 Decrease related to settlements with taxing authorities (40 ) 1 (5 ) (5 ) Decrease due to lapse of the applicable statute of limitations — (23 ) (32 ) Increase (decrease) due to effect of foreign currency exchange rate changes (6 ) (15 ) (4 ) Ending balance of unrecognized tax benefits $ 302 $ 168 $ 211 1 The increase is primarily related to a change in judgment about one of the Company’s tax positions as a result of receiving notification of a preliminary settlement of a Competent Authority matter with a foreign jurisdiction, a portion of which became certain later in the year. This change in position did not have a material impact on the Company's consolidated statement of income during the year ended December 31, 2016, as it was partially offset by refunds to be received from the foreign jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense. The Company had $ 142 million , $ 111 million and $ 113 million in interest and penalties related to unrecognized tax benefits accrued as of December 31, 2016 , 2015 and 2014 , respectively. Of these amounts, $31 million and $ 8 million of expense were recognized through income tax expense in 2016 and 2014 , respectively. An insignificant amount of interest and penalties were recognized through income tax expense for the year ended December 31, 2015. 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, 2016 , indefinitely reinvested earnings of the Company's foreign subsidiaries amounted to $ 35.5 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, 2016 2015 Deferred tax assets: Property, plant and equipment $ 144 $ 192 Trademarks and other intangible assets 114 68 Equity method investments (including foreign currency translation adjustment) 684 694 Derivative financial instruments 193 161 Other liabilities 1,141 1,056 Benefit plans 1,599 1,541 Net operating/capital loss carryforwards 461 413 Other 135 175 Gross deferred tax assets 4,471 4,300 Valuation allowances (530 ) (477 ) Total deferred tax assets 1,2 $ 3,941 $ 3,823 Deferred tax liabilities: Property, plant and equipment $ (1,176 ) $ (1,887 ) Trademarks and other intangible assets (2,694 ) (3,422 ) Equity method investments (including foreign currency translation adjustment) (1,718 ) (1,441 ) Derivative financial instruments (1,121 ) (687 ) Other liabilities (149 ) (216 ) Benefit plans (487 ) (367 ) Other (635 ) (726 ) Total deferred tax liabilities 3 (7,980 ) (8,746 ) Net deferred tax liabilities $ (4,039 ) $ (4,923 ) 1 Current deferred tax assets of $ 80 million and $ 151 million were included in the line item prepaid expenses and other assets in our consolidated balance sheets as of December 31, 2016 and 2015 , respectively. 2 Noncurrent deferred tax assets of $ 326 million and $ 360 million were included in the line item other assets in our consolidated balance sheets as of December 31, 2016 and 2015 , respectively. 3 Current deferred tax liabilities of $ 692 million and $ 743 million were included in the line item accounts payable and accrued expenses in our consolidated balance sheets as of December 31, 2016 and 2015 , respectively. As of December 31, 2016 and 2015 , we had net deferred tax assets of $ 83 million and $ 62 million , respectively, located in countries outside the United States. As of December 31, 2016 , we had $ 4,320 million of loss carryforwards available to reduce future taxable income. Loss carryforwards of $ 331 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, 2016 2015 2014 Balance at beginning of year $ 477 $ 649 $ 586 Additions 68 42 104 Decrease due to reclassification to assets held for sale (9 ) (163 ) — Deductions (6 ) (51 ) (41 ) Balance at end of year $ 530 $ 477 $ 649 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. 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 2016 , the Company recognized a net increase of $ 53 million in its valuation allowances. This increase was primarily due to the increase in non-deductible expenses incurred during the normal course of business operations. 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.

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2016
OTHER COMPREHENSIVE INCOME [Abstract]
OTHER COMPREHENSIVE INCOME	OTHER COMPREHENSIVE INCOME AOCI attributable to shareowners of The Coca-Cola Company is separately presented in 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. 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, net of tax (in millions): December 31, 2016 2015 Foreign currency translation adjustments $ (9,780 ) $ (9,167 ) Accumulated derivative net gains (losses) 314 696 Unrealized net gains (losses) on available-for-sale securities 305 288 Adjustments to pension and other benefit liabilities (2,044 ) (1,991 ) Accumulated other comprehensive income (loss) $ (11,205 ) $ (10,174 ) 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, 2016 Shareowners of The Coca-Cola Company Noncontrolling Interests Total Consolidated net income $ 6,527 $ 23 $ 6,550 Other comprehensive income: Net foreign currency translation adjustment (613 ) (13 ) (626 ) Net gain (loss) on derivatives 1 (382 ) — (382 ) Net change in unrealized gain (loss) on available-for-sale securities 2 17 — 17 Net change in pension and other benefit liabilities 3 (53 ) — (53 ) Total comprehensive income $ 5,496 $ 10 $ 5,506 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 additional 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, 2016 , 2015 and 2014 , is as follows (in millions): Before-Tax Amount Income Tax After-Tax Amount 2016 Foreign currency translation adjustments: Translation adjustments arising during the year $ (1,103 ) $ 51 $ (1,052 ) Reclassification adjustments recognized in net income 368 (18 ) 350 Gains (losses) on net investment hedges arising during the year 67 (25 ) 42 Reclassification adjustments for net investment hedges recognized in net income 77 (30 ) 47 Net foreign currency translation adjustments (591 ) (22 ) (613 ) Derivatives: Gains (losses) arising during the year (43 ) 11 (32 ) Reclassification adjustments recognized in net income (563 ) 213 (350 ) Net gain (loss) on derivatives 1 (606 ) 224 (382 ) Available-for-sale securities: Unrealized gains (losses) arising during the year 124 (28 ) 96 Reclassification adjustments recognized in net income (105 ) 26 (79 ) Net change in unrealized gain (loss) on available-for-sale securities 2 19 (2 ) 17 Pension and other benefit liabilities: Net pension and other benefit liabilities arising during the year (374 ) 99 (275 ) Reclassification adjustments recognized in net income 342 (120 ) 222 Net change in pension and other benefit liabilities 3 (32 ) (21 ) (53 ) Other comprehensive income (loss) attributable to shareowners of The Coca-Cola Company $ (1,210 ) $ 179 $ (1,031 ) 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 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 shareowners of 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 shareowners of 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. 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, 2016 (in millions): Description of AOCI Component Financial Statement Line Item Amount Reclassified from AOCI into Income Foreign currency translation adjustments: Divestitures, deconsolidations and other 1,2 Other income (loss) — net $ 445 Income before income taxes $ 445 Income taxes (48 ) Consolidated net income $ 397 Derivatives: Foreign currency contracts Net operating revenues $ (564 ) Foreign currency and commodity contracts Cost of goods sold (33 ) Foreign currency contracts Other income (loss) — net 6 Foreign currency and interest rate contracts Interest expense 28 Income before income taxes $ (563 ) Income taxes 213 Consolidated net income $ (350 ) Available-for-sale securities: Divestitures, deconsolidations and other 1 Other income (loss) — net $ (4 ) Sale of securities Other income (loss) — net (101 ) Income before income taxes $ (105 ) Income taxes 26 Consolidated net income $ (79 ) Pension and other benefit liabilities: Divestitures, deconsolidations and other 2 Other income (loss) — net $ 64 Recognized net actuarial loss (gain) * 308 Recognized prior service cost (credit) * (30 ) Income before income taxes $ 342 Income taxes (120 ) Consolidated net income $ 222 1 Primarily related to the deconsolidation of our South African bottling operations and related equity method investment. Refer to Note 2. 2 Related to the deconsolidation of our German bottling operations. Refer to Note 2. * 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 .

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2016
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, 2016 Level 1 Level 2 Level 3 Other 4 Netting Adjustment 5 Fair Value Measurements Assets: Trading securities 1 $ 202 $ 115 $ 4 $ 63 $ — $ 384 Available-for-sale securities 1 1,655 4,619 139 3 — — 6,413 Derivatives 2 4 878 — — (369 ) 6 513 8 Total assets $ 1,861 $ 5,612 $ 143 $ 63 $ (369 ) $ 7,310 Liabilities: Derivatives 2 $ 11 $ 276 $ — $ — $ (192 ) 7 $ 95 8 Total liabilities $ 11 $ 276 $ — $ — $ (192 ) $ 95 1 Refer to Note 3 for additional information related to the composition of our trading securities and available-for-sale securities. 2 Refer to Note 5 for additional information related to the composition of our derivative portfolio. 3 Primarily related to long-term debt securities that mature in 2018. 4 Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy but are included to reconcile to the amounts presented in Note 3. 5 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 . 6 The Company is obligated to return $201 million in cash collateral it has netted against its derivative position. 7 The Company has the right to reclaim $17 million in cash collateral it has netted against its derivative position. 8 The Company's derivative financial instruments are recorded at fair value in our consolidated balance sheet as follows: $ 347 million in the line item prepaid expenses and other assets; $ 166 million in the line item other assets; $42 million in the line item accounts payable and accrued expenses; and $ 53 million in the line item other liabilities. Refer to Note 5 for additional information related to the composition of our derivative portfolio. December 31, 2015 Level 1 Level 2 Level 3 Other 4 Netting Adjustment 5 Fair Value Measurements Assets: Trading securities 1 $ 183 $ 101 $ 2 $ 36 $ — $ 322 Available-for-sale securities 1 3,913 4,574 119 3 — — 8,606 Derivatives 2 2 1,268 — — (638 ) 6 632 8 Total assets $ 4,098 $ 5,943 $ 121 $ 36 $ (638 ) $ 9,560 Liabilities: Derivatives 2 $ 24 $ 635 $ — $ — $ (488 ) 7 $ 171 8 Total liabilities $ 24 $ 635 $ — $ — $ (488 ) $ 171 1 Refer to Note 3 for additional information related to the composition of our trading securities and available-for-sale securities. 2 Refer to Note 5 for additional information related to the composition of our derivative portfolio. 3 Primarily related to long-term debt securities that mature in 2018. 4 Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy but are included to reconcile to the amounts presented in Note 3. 5 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 . 6 The Company is obligated to return $ 184 million in cash collateral it has netted against its derivative position. 7 The Company has the right to reclaim $ 17 million in cash collateral it has netted against its derivative position. 8 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. Gross realized and unrealized gains and losses on Level 3 assets and liabilities were not significant for the years ended December 31, 2016 and 2015 . 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, 2016 and 2015 . 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, 2016 2015 Assets held for sale 1 $ (2,264 ) $ (980 ) Intangible assets (153 ) 2 (473 ) 3 Investment in formerly unconsolidated subsidiary — (19 ) 4 Valuation of shares in equity method investee — (6 ) 5 Total $ (2,417 ) $ (1,478 ) 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 losses 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 $153 million during the year ended December 31, 2016 due to impairment charges on certain intangible assets. The charges incurred during 2016 included $143 million related to the impairment of certain U.S. bottlers' franchise rights. This charge was related to a number of factors, primarily as a result of lower operating performance compared to previously modeled results as well as a revision in management's view of the proceeds that may be ultimately received upon refranchising the territory. The 2016 losses also included a $10 million goodwill impairment charge, primarily the result of management's revised outlook on market conditions. 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 17. 3 The Company recognized losses of $473 million during the year ended December 31, 2015 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. 4 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. 5 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, 2016 and 2015 (in millions): December 31, 2016 December 31, 2015 Level 1 Level 2 Level 3 Other 1 Total Level 1 Level 2 Level 3 Other 1 Total Cash and cash equivalents $ 373 $ 29 $ — $ — $ 402 $ 128 $ 148 $ — $ — $ 276 Equity securities: U.S.-based companies 1,812 1 14 — 1,827 1,562 — 1 — 1,563 International-based companies 935 4 — — 939 802 5 10 — 817 Fixed-income securities: Government bonds — 525 1 — 526 — 736 1 — 737 Corporate bonds and debt securities — 978 18 — 996 — 1,171 2 — 1,173 Mutual, pooled and commingled funds 91 20 — 1,022 3 1,133 77 15 — 1,031 3 1,123 Hedge funds/limited partnerships — — — 1,213 4 1,213 — — — 764 4 764 Real estate — — 2 521 5 523 — — 2 462 5 464 Other — 3 211 2 598 6 812 — 9 219 2 544 6 772 Total $ 3,211 $ 1,560 $ 246 $ 3,354 $ 8,371 $ 2,569 $ 2,084 $ 235 $ 2,801 $ 7,689 1 Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy but are included to reconcile to the amounts presented in Note 13. 2 Includes purchased annuity insurance contracts. 3 This class of assets includes actively managed emerging markets equity funds and a collective trust fund for qualified plans, invested primarily in equity securities of companies in the developed and emerging markets. There are no liquidity restrictions on these investments. 4 This class of assets includes hedge funds that can be subject to redemption restrictions, ranging from monthly to semi-annually with a redemption notice period of up to 181 days and/or initial lock-up periods of up to one year, and private equity funds that are primarily closed-end funds in which the Company's investments are generally not eligible for redemption. Distributions from these private equity funds will be received as the underlying assets are liquidated or distributed. 5 This class of assets includes funds invested in real estate, including a privately held real estate investment trust, a real estate commingled pension trust fund, infrastructure limited partnerships and commingled investment funds. These funds seek current income and capital appreciation through the investments and can be subject to redemption restrictions, ranging from quarterly to semi-annually with a redemption notice period of up to 90 days. 6 This class of assets includes segregated portfolios of private investment funds that are invested in a portfolio of insurance-linked securities. These assets can be subject to a semi-annual redemption, with a redemption notice period of 90 days, subject to certain gate restrictions. 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, 2016 and 2015 (in millions): Equity Securities Fixed-Income Securities Real Estate Other Total 2015 Balance at beginning of year $ 17 $ 36 $ — $ 339 $ 392 Actual return on plan assets: Related to assets held at the reporting date (6 ) 1 — 5 — Related to assets sold during the year — (4 ) — — (4 ) Purchases, sales and settlements — net — (6 ) — (77 ) 1 (83 ) Transfers into/(out of) Level 3 — net — (24 ) 2 (3 ) (25 ) Foreign currency translation adjustments — — — (45 ) (45 ) Balance at end of year $ 11 $ 3 $ 2 $ 219 2 $ 235 2016 Balance at beginning of year $ 11 $ 3 $ 2 $ 219 $ 235 Actual return on plan assets: Related to assets held at the reporting date 4 2 — 7 13 Related to assets sold during the year — (2 ) — 3 1 Purchases, sales and settlements — net — 12 — (23 ) (11 ) Transfers into/(out of) Level 3 — net (1 ) 4 — 7 10 Foreign currency translation adjustments — — — (2 ) (2 ) Balance at end of year $ 14 $ 19 $ 2 $ 211 2 $ 246 1 Includes the reclassification 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. During the year ended December 31, 2016, the Company deconsolidated our German bottling operations. Refer to Note 2. 2 Includes purchased annuity insurance contracts. 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, 2016 and 2015 (in millions): December 31, 2016 December 31, 2015 Level 1 Level 2 Other 1 Total Level 1 Level 2 Other 1 Total Cash and cash equivalents $ 2 $ — $ — $ 2 $ 1 $ 7 $ — $ 8 Equity securities: U.S.-based companies 116 — — 116 116 — — 116 International-based companies 8 — — 8 6 — — 6 Fixed-income securities: Government bonds — 3 — 3 77 3 — 80 Corporate bonds and debt securities — 6 — 6 — 8 — 8 Mutual, pooled and commingled funds 98 — 5 103 10 — 5 15 Hedge funds/limited partnerships — — 9 9 — — 5 5 Real estate — — 4 4 — — 3 3 Other — — 4 4 — — 4 4 Total $ 224 $ 9 $ 22 $ 255 $ 210 $ 18 $ 17 $ 245 1 Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy but are included to reconcile to the amounts presented in Note 13. 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, 2016 , the carrying amount and fair value of our long-term debt, including the current portion, were $33,211 million and $ 33,752 million , respectively. As of December 31, 2015 , the carrying amount and fair value of our long-term debt, including the current portion, were $30,987 million and $ 31,308 million , respectively.

SIGNIFICANT OPERATING AND NONOP

SIGNIFICANT OPERATING AND NONOPERATING ITEMS	12 Months Ended
	Dec. 31, 2016
Significant Operating and Nonoperating Items disclosure [Abstract]
SIGNIFICANT OPERATING AND NONOPERATING ITEMS	SIGNIFICANT OPERATING AND NONOPERATING ITEMS Other Operating Charges In 2016, the Company recorded other operating charges of $1,510 million . These charges primarily consisted of $352 million due to the Company's productivity and reinvestment program and $240 million due to the integration of our German bottling operations. In addition, the Company recorded charges of $297 million related to costs incurred to refranchise certain of our bottling operations. These costs include, among other items, internal and external costs for individuals directly working on the refranchising efforts, severance, and costs associated with the implementation of information technology systems to facilitate consistent data standards and availability throughout our bottling systems. Additionally, the Company recorded $118 million of pension settlement charges primarily as a result of our refranchising activities. The Company also recorded a charge of $200 million related to cash contributions we made to The Coca-Cola Foundation, a charge of $76 million due to the write-down we recorded related to our receivables from our bottling partner in Venezuela as a result of changes in exchange rates and charges of $41 million related to noncapitalizable transaction costs associated with pending and closed transactions. Refer to Note 18 for additional information on the Company's productivity, integration and restructuring initiatives and Note 1 for additional information on the Venezuelan exchange rates. Refer to Note 19 for the impact these charges had on our operating segments. During the year ended December 31, 2016, the Company recorded charges of $153 million related to certain intangible assets. These charges included $143 million related to the impairment of certain U.S. bottlers' franchise rights recorded in our Bottling Investments operating segment. This charge was related to a number of factors, primarily as a result of lower operating performance compared to previously modeled results as well as a revision in management's view of the proceeds that may be ultimately received upon refranchising the territory. The remaining charge of $10 million was related to the impairment of goodwill recorded in our Bottling Investments operating segment. This charge was primarily the result of management's revised outlook on market conditions. The total impairment charges of $153 million were recorded in our Bottling Investments operating segment in the line item other operating charges in our consolidated statement of income and were determined by comparing the fair value of the intangible assets, derived using discounted cash flow analyses, to their respective carrying values. 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. 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 $61 million , $ 87 million and $ 18 million in equity income (loss) — net during the years ended December 31, 2016 , 2015 and 2014 , respectively. These amounts primarily represent the Company's proportionate share of significant operating and nonoperating 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 2016, other income (loss) — net was a loss of $1,234 million . This loss included losses of $2,456 million due to the refranchising of certain bottling territories in North America and a loss of $21 million due to the deconsolidation of our South African bottling operations and disposal of the related equity method investment in exchange for investments in CCBA and CCBA's South African subsidiary. The Company incurred charges of $31 million related to payments made to convert the bottling agreements for certain North America bottling partners' territories to a single form of CBA with additional requirements. Additionally, the Company incurred a charge of $72 million as a result of remeasuring its net monetary assets denominated in Egyptian pounds. The Egyptian pound devalued as a result of the central bank allowing its currency, which was previously pegged to the U.S. dollar, to float freely. These losses were partially offset by a gain of $1,323 million due to the deconsolidation of our German bottling operations and a gain of $18 million resulting from the Company's disposal of its investment in Keurig. Refer to Note 2 for additional information on the deconsolidation of our German bottling operations, the Keurig investment disposal, the deconsolidation of our South African bottling operations, the North America refranchising and the conversion payments. Refer to Note 19 for the impact these items had on our operating segments. 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 bottling 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 bottling 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.

PRODUCTIVITY, INTEGRATION AND R

PRODUCTIVITY, INTEGRATION AND RESTRUCTURING INITIATIVES	12 Months Ended
	Dec. 31, 2016
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; 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 $2,408 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 2014 Accrued balance at beginning of year $ 88 $ 6 $ 18 $ 112 Costs incurred 277 77 247 601 Payments (103 ) (79 ) (220 ) (402 ) Noncash and exchange (2 ) — (24 ) (26 ) Accrued balance at end of year $ 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 at end of year $ 144 $ 8 $ 52 $ 204 2016 Costs incurred $ 95 $ 27 $ 230 $ 352 Payments (114 ) (30 ) (205 ) (349 ) Noncash and exchange (2 ) 1 (55 ) (56 ) Accrued balance at end of year $ 123 $ 6 $ 22 $ 151 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 $ 240 million , $ 292 million and $ 208 million of expenses related to this initiative in 2016 , 2015 and 2014 , respectively, and has incurred total pretax expenses of $ 1,367 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 accrued related to these integration costs as of December 31, 2015. During the year ended December 31, 2016, the Company deconsolidated our German bottling operations. Therefore, there was no remaining accrual balance as of December 31, 2016. Refer to Note 2 for additional information on the deconsolidation of our German bottling operations.

OPERATING SEGMENTS

OPERATING SEGMENTS	12 Months Ended
	Dec. 31, 2016
Operations, Reportable Information, by Operating Segment
OPERATING SEGMENTS	OPERATING SEGMENTS As of December 31, 2016 , our organizational structure consisted of the following operating segments: Europe, Middle East and Africa; Latin America; North America; Asia Pacific; Bottling Investments; and Corporate. Segment Products and Services The business of our Company is nonalcoholic beverages. Our geographic operating segments (Europe, Middle East and Africa; 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. Our Bottling Investments operating segment is composed of our Company-owned or consolidated bottling operations, 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, 2016 2015 2014 Concentrate operations 1 40 % 37 % 38 % Finished product operations 2 60 63 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, 2016 2015 2014 United States $ 19,899 $ 20,360 $ 19,763 International 21,964 23,934 26,235 Net operating revenues $ 41,863 $ 44,294 $ 45,998 The following table provides information related to our property, plant and equipment — net (in millions): Year Ended December 31, 2016 2015 2014 United States $ 6,784 $ 8,266 $ 8,683 International 3,851 4,305 5,950 Property, plant and equipment — net $ 10,635 $ 12,571 $ 14,633 Information about our Company's operations by operating segment as of and for the years ended December 31, 2016 , 2015 and 2014 , is as follows (in millions): Europe, Middle East & Africa Latin America North America Asia Pacific Bottling Investments Corporate Eliminations Consolidated 2016 Net operating revenues: Third party $ 7,014 $ 3,746 $ 6,437 $ 4,788 $ 19,751 $ 127 $ — $ 41,863 Intersegment 264 73 3,773 506 134 5 (4,755 ) — Total net revenues 7,278 3,819 10,210 5,294 19,885 132 (4,755 ) 41,863 Operating income (loss) 3,676 1,951 2,582 2,224 (137 ) (1,670 ) — 8,626 Interest income — — 27 — — 615 — 642 Interest expense — — — — — 733 — 733 Depreciation and amortization 93 35 426 80 1,013 140 — 1,787 Equity income (loss) — net 62 18 (17 ) 9 648 115 — 835 Income (loss) before income taxes 3,749 1,966 2,560 2,238 (1,923 ) (454 ) — 8,136 Identifiable operating assets 1 4,067 1,785 16,566 2,024 15,973 29,606 — 70,021 Investments 3 1,302 804 109 164 11,456 3,414 — 17,249 Capital expenditures 62 45 438 107 1,329 281 — 2,262 2015 Net operating revenues: Third party $ 6,966 $ 3,999 $ 5,581 $ 4,707 $ 22,885 $ 156 $ — $ 44,294 Intersegment 621 75 4,259 545 178 10 (5,688 ) — Total net revenues 7,587 4,074 9,840 5,252 23,063 166 (5,688 ) 44,294 Operating income (loss) 3,875 2,169 2,366 2,189 124 (1,995 ) — 8,728 Interest income — — 9 — — 604 — 613 Interest expense — — — — — 856 — 856 Depreciation and amortization 103 41 373 85 1,211 157 — 1,970 Equity income (loss) — net 39 (7 ) (18 ) 9 426 40 — 489 Income (loss) before income taxes 3,923 2,164 2,356 2,207 (427 ) (618 ) — 9,605 Identifiable operating assets 1 4,156 2 1,627 16,396 1,639 22,688 2 27,702 — 74,208 Investments 3 1,138 657 107 158 8,084 5,644 — 15,788 Capital expenditures 54 70 377 81 1,699 272 — 2,553 2014 Net operating revenues: Third party $ 7,574 $ 4,597 $ 4,975 $ 5,257 $ 23,459 $ 136 $ — $ 45,998 Intersegment 692 60 4,296 489 192 — (5,729 ) — Total net revenues 8,266 4,657 9,271 5,746 23,651 136 (5,729 ) 45,998 Operating income (loss) 3,936 2,316 2,243 2,448 213 (1,448 ) — 9,708 Interest income — — — — — 594 — 594 Interest expense — — — — — 483 — 483 Depreciation and amortization 122 56 349 96 1,161 192 — 1,976 Equity income (loss) — net 66 10 (16 ) 12 691 6 — 769 Income (loss) before income taxes 4,017 2,319 2,228 2,464 120 (1,823 ) — 9,325 Identifiable operating assets 1 4,656 2 2,426 16,844 1,793 23,197 2 29,427 — 78,343 Investments 3 1,171 757 34 157 8,795 2,711 — 13,625 Capital expenditures 84 55 367 76 1,554 270 — 2,406 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 and 10 percent in 2014 . The 2015 amount includes property, plant and equipment — net classified as held for sale. During the year ended December 31, 2016, the Company deconsolidated our German bottling operations. Refer to Note 2 . 3 Principally equity method investments and other investments in bottling companies. In 2016 , the results of our operating segments were impacted by the following items: • Operating income (loss) and income (loss) before income taxes were reduced by $32 million for Europe, Middle East and Africa, $134 million for North America, $1 million for Asia Pacific, $322 million for Bottling Investments and $105 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 $2 million for Latin America 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 $76 million for Latin America due to the write-down we recorded related to our receivables from our bottling partner in Venezuela due to changes in exchange rates. Refer to Note 1. • Operating income (loss) and income (loss) before income taxes were reduced by $297 million for Bottling Investments due to costs incurred to refranchise certain of our bottling operations. Refer to Note 2 and Note 17 . • Operating income (loss) and income (loss) before income taxes were reduced by $153 million for Bottling Investments 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 $118 million for Bottling Investments due to pension settlement charges primarily as a result of our refranchising activities. Refer to Note 17. • Operating income (loss) and income (loss) before income taxes were reduced by $9 million for Bottling Investments and $32 million for Corporate related to noncapitalizable transaction costs associated with pending and closed transactions. Refer to Note 17 . • Operating income (loss) and income (loss) before income taxes were reduced by $200 million for Corporate as a result of cash contributions to The Coca-Cola Foundation. Refer to Note 17 . • Income (loss) before income taxes was reduced by $52 million for Bottling Investments and $9 million for Corporate due to the Company's proportionate share of significant operating and nonoperating items recorded by certain of our equity method investees. Refer to Note 17 . • Income (loss) before income taxes was reduced by $31 million for North America related to payments made to convert the bottling agreements for certain North America bottling partners' territories to a single form of CBA with additional requirements. Refer to Note 2. • Income (loss) before income taxes was reduced by $2,456 million for Bottling Investments primarily due to the refranchising of certain bottling territories in North America. Refer to Note 2 and Note 17 . • Income (loss) before income taxes was increased by $1,323 million for Corporate as a result of the deconsolidation of our German bottling operations. Refer to Note 2. • Income (loss) before income taxes was reduced by $72 million for Corporate as a result of remeasuring our net monetary assets denominated in Egyptian pounds. Refer to Note 17. • Income (loss) before income taxes was increased by $18 million for Corporate as a result of the disposal of our investment in Keurig. Refer to Note 2. • Income (loss) before income taxes was reduced by $21 million for Corporate due to the deconsolidation of our South African bottling operations in exchange for investments in CCBA and CCBA's South African subsidiary. Refer to Note 2. 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 $ 7 million for Latin America, $ 141 million for North America, $ 2 million for Asia Pacific, $ 596 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 $ 9 million for Europe, Middle East and Africa due to the refinement of previously established accruals, partially offset by additional charges 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 Bottling Investments due to the refranchising of certain bottling 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 reduced by $4 million for Europe, Middle East and Africa and $83 million for Bottling Investments due to the Company's proportionate share of significant operating and nonoperating 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 $ 137 million for Europe, Middle East and Africa, $20 million for Latin America, $ 157 million for North America, $ 36 million for Asia Pacific, $ 335 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, Middle East and Africa and $16 million for Bottling Investments due to the Company's proportionate share of significant operating and nonoperating items recorded by certain of our equity method investees. Refer to Note 17 . • Income (loss) before income taxes was reduced by $799 million for Bottling Investments due to the refranchising of certain bottling territories in North America. 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 .

NET CHANGE IN OPERATING ASSETS

NET CHANGE IN OPERATING ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2016
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, 2016 2015 2014 (Increase) decrease in trade accounts receivable $ (28 ) $ (212 ) $ (253 ) (Increase) decrease in inventories (142 ) (250 ) 35 (Increase) decrease in prepaid expenses and other assets 283 123 194 Increase (decrease) in accounts payable and accrued expenses (540 ) 1,004 (250 ) Increase (decrease) in accrued taxes 750 (306 ) 151 Increase (decrease) in other liabilities (544 ) (516 ) (316 ) Net change in operating assets and liabilities $ (221 ) $ (157 ) $ (439 )

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Event [Text Block]	SUBSEQUENT EVENT In the first quarter of 2017, additional bottling 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 selling prices, which will result in an estimated total loss of $9 million . The Company expects these territories to be refranchised during 2017. 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 Bottling Investments operating segment (in millions): Cash, cash equivalents and short-term investments $ 25 Trade accounts receivable, less allowances 178 Inventories 128 Prepaid expenses and other assets 28 Equity method investments 105 Other assets 2 Property, plant and equipment — net 770 Bottlers' franchise rights with indefinite lives 1,717 Goodwill 544 Other intangible assets 80 Allowance for reduction of assets held for sale (9 ) Total assets $ 3,568 Accounts payable and accrued expenses $ 261 Other liabilities 2 Deferred income taxes 963 Total liabilities $ 1,226

BUSINESS AND SUMMARY OF SIGNI30

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Guidance In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers , which will replace most existing revenue recognition guidance in U.S. GAAP and is intended to improve and converge with international standards the financial reporting requirements for revenue from contracts with customers. The core principle of ASU 2014-09 is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. ASU 2014-09 also requires additional disclosures about the nature, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. ASU 2014-09 allows for adoption either on a full retrospective basis to each prior reporting period presented or on a modified retrospective basis with the cumulative effect of initially applying the new guidance recognized at the date of initial application, which will be effective for the Company beginning January 1, 2018. The Company plans to adopt ASU 2014-09 and its amendments on a modified retrospective basis and is continuing to assess all future impacts of the guidance by reviewing our current contracts with customers to identify potential differences that could result from applying the new guidance. Based on our preliminary review, we expect that ASU 2014-09's broad definition of variable consideration will require the Company to estimate and record certain variable payments resulting from collaborative funding arrangements, rebates and other pricing allowances earlier than it currently does. While we do not expect this change to have a material impact on net revenues on an annual basis, we do expect that it will have an impact on our revenue in interim periods. As we complete our overall assessment, the Company is also identifying and preparing to implement changes to our accounting policies and practices, business processes, systems and controls to support the new revenue recognition and disclosure requirements. Our assessment will be completed during fiscal year 2017. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes . The amendments in this update simplify the presentation of deferred income taxes and require that deferred tax liabilities and assets be classified as noncurrent in a consolidated statement of financial position. These amendments may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The amendments will be effective for the Company beginning January 1, 2017 and we have elected to adopt ASU 2015-17 on a prospective basis. In January 2016, the FASB issued ASU 2016-01, Financial Instruments — Overall: Recognition and Measurement of Financial Assets and Financial Liabilities , which addresses certain aspects of the recognition, measurement, presentation and disclosure of financial instruments. The amendment will be effective for the Company beginning January 1, 2018 and will require us to recognize any changes in the fair value of certain equity investments in net income. These changes are currently recognized in other comprehensive income ("OCI"). In February 2016, the FASB issued ASU 2016-02, Leases , which requires lessees to recognize on the balance sheet a right-of-use asset, representing their right to use the underlying asset for the lease term, and a lease liability for all leases with terms greater than 12 months. The guidance also requires qualitative and quantitative disclosures designed to assess the amount, timing and uncertainty of cash flows arising from leases. The standard requires the use of a modified retrospective transition approach, which includes a number of optional practical expedients that entities may elect to apply. ASU 2016-02 is effective for the Company beginning January 1, 2019 and we are currently evaluating the impact that ASU 2016-02 will have on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation — Stock Compensation: Improvements to Employee Share-Based Payment Accounting . The standard is intended to simplify several areas of accounting for share-based compensation arrangements, including the income tax impact, classification on the statement of cash flows and forfeitures. ASU 2016-09 is effective for the Company beginning January 1, 2017 and will require us to prospectively recognize excess tax benefits and tax deficiencies in the consolidated statement of income when the awards vest or are settled. These changes are currently recognized in capital surplus in our consolidated balance sheet. Additionally, the guidance requires excess tax benefits to be presented as an operating activity in the statement of cash flows rather than as a financing activity. In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Measurement of Credit Losses on Financial Instruments , which requires measurement and recognition of expected credit losses for financial assets held. ASU 2016-13 is effective for the Company beginning January 1, 2020 and we are currently evaluating the impact that ASU 2016-13 will have on our consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory , which requires the Company to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. ASU 2016-16 is effective for the Company beginning January 1, 2018 and will be applied using a modified retrospective basis. We are currently evaluating the impact that ASU 2016-16 will have on our consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Restricted Cash . The amendments in this update address diversity in practice that exists in the classification and presentation of changes in restricted cash and require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. ASU 2016-18 is effective for the Company beginning January 1, 2018 and is required to be applied using a retrospective transition method to each period presented. The Company is currently evaluating the impact that ASU 2016-18 will have on our consolidated cash flows. In January 2017, the FASB issued ASU 2017-01, Clarifying the Definition of a Business , which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017-01 is required to be applied prospectively and will be effective for the Company beginning January 1, 2018. The impact on our consolidated financial statements will depend on the facts and circumstances of any specific future transactions. In January 2017, the FASB issued ASU 2017-04, Intangibles — Goodwill and Other , which eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge. ASU 2017-04 is required to be applied prospectively and the Company has elected to early adopt ASU 2017-04 effective January 1, 2017. We do not anticipate that the adoption will have a significant impact on our consolidated financial statements.
Basis of Accounting, Policy [Policy Text Block]	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. Certain amounts in the prior years' consolidated financial statements and accompanying notes have been revised to conform to the current year presentation.
Principles of Consolidation	Principles of Consolidation Our Company consolidates all entities that we control by ownership of a majority voting interest. Additionally, 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 $ 3,709 million and $ 2,687 million as of December 31, 2016 and 2015 , 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 $ 203 million and $ 221 million as of December 31, 2016 and 2015 , 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. 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 investee 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 VIEs and the intercompany portion of transactions with equity method investees.
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 $ 45 million , $ 61 million and $ 72 million in 2016 , 2015 and 2014 , respectively. The aggregate deductions from revenue recorded by the Company in relation to these programs, including amortization expense on infrastructure programs, were $ 6.6 billion , $ 6.8 billion and $ 7.0 billion in 2016 , 2015 and 2014 , 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 in both 2016 and 2015 and $ 3.5 billion in 2014 . As of December 31, 2016 and 2015 , advertising and production costs of $ 113 million and $ 207 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, 2016 , 2015 and 2014 , the Company recorded shipping and handling costs of $ 2.0 billion , $ 2.5 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 51 million , 27 million and 38 million stock option awards were excluded from the computations of diluted net income per share in 2016 , 2015 and 2014 , 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, 2016 2015 2014 Balance at beginning of year $ 352 $ 331 $ 61 Net charges to costs and expenses 1 126 45 308 Write-offs (10 ) (10 ) (13 ) Other 2 (2 ) (14 ) (25 ) Balance at end of year $ 466 $ 352 $ 331 1 The increases in 2016 and 2014 were 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 adjustments and the impact of reclassifying 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 European Partners plc ("CCEP"), 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 $ 1,575 million , $ 1,735 million and $ 1,716 million in 2016 , 2015 and 2014 , respectively. Amortization expense for leasehold improvements totaled $ 22 million , $ 18 million and $ 20 million in 2016 , 2015 and 2014 , 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, rather than completing the impairment test. 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. 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, including CCR's bottling and associated supply chain operations in the United States and Canada. 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 rather than completing the two-step process 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. Impairment charges related to intangible assets, including goodwill, 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 period. For most 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 the Company's 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 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 award, 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 U.S., 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 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. 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. 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 during the years ended December 31, 2015 and December 31, 2014 , respectively. These charges were recorded in the line item other operating charges in our consolidated statement of income. During the year ended December 31, 2016 , the Venezuelan government devalued its currency and changed its official and most preferential exchange rate, which should be used for purchases of certain essential goods, to 10 bolivars per U.S. dollar from 6.3 . The official and most preferential rate is now known as DIPRO and the SICAD rate has been eliminated. The Venezuelan government replaced the SIMADI rate with the DICOM rate, which is allowed to float freely and is expected to fluctuate based on supply and demand. As a result, management determined that the DICOM rate was the most appropriate legally available rate to remeasure the net monetary assets of our Venezuelan subsidiary. 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, 2016 , 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 $76 million , $56 million and $296 million , respectively. These write-downs were recorded in the line item other operating charges in our consolidated statements of income. As of December 31, 2016 , the combined carrying 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 $84 million . The Company's ability to pay dividends from Venezuela is restricted due to the low volume of U.S. dollars available for conversion. As a result of the floating DICOM rate, 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, 2016
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, 2016 2015 2014 Balance at beginning of year $ 352 $ 331 $ 61 Net charges to costs and expenses 1 126 45 308 Write-offs (10 ) (10 ) (13 ) Other 2 (2 ) (14 ) (25 ) Balance at end of year $ 466 $ 352 $ 331 1 The increases in 2016 and 2014 were 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 adjustments and the impact of reclassifying certain assets to assets held for sale. See Note 2.

ACQUISITIONS AND DIVESTITURES (

ACQUISITIONS AND DIVESTITURES (Tables)	12 Months Ended
	Dec. 31, 2016
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 sheets (in millions): December 31, 2016 December 31, 2015 Cash, cash equivalents and short-term investments $ 49 $ 143 Trade accounts receivable, less allowances 43 485 Inventories 264 276 Prepaid expenses and other assets 114 83 Equity method investments 1 92 Other investments 42 — Other assets 17 25 Property, plant and equipment — net 1,780 2,021 Bottlers' franchise rights with indefinite lives 1,388 1,020 Goodwill 390 333 Other intangible assets 51 115 Allowance for reduction of assets held for sale (1,342 ) (693 ) Total assets $ 2,797 1 $ 3,900 3 Accounts payable and accrued expenses $ 393 $ 712 Current maturities of long-term debt — 12 Accrued income taxes 13 4 Long-term debt — 74 Other liabilities 1 79 Deferred income taxes 303 252 Total liabilities $ 710 2 $ 1,133 4 1 Consists of total assets relating to North America refranchising of $1,247 million , China bottling operations of $1,533 million and other assets held for sale of $17 million , which are included in the Bottling Investments and Corporate operating segments. 2 Consists of total liabilities relating to North America refranchising of $224 million , China bottling operations of $483 million and other liabilities held for sale of $3 million , which are included in the Bottling Investments and Corporate operating segments. 3 Consists of total assets relating to CCEP of $2,894 million , North America refranchising of $589 million , CCBA of $398 million and other assets held for sale of $19 million , which are included in the Bottling Investments, Europe, Middle East and Africa and Corporate operating segments. 4 Consists of total liabilities relating to CCEP of $924 million , North America refranchising of $123 million and CCBA of $86 million , which are included in the Bottling Investments and Europe, Middle East and Africa operating segments.

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
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, 2016 2015 Marketable securities $ 282 $ 229 Other assets 102 93 Total $ 384 $ 322
Certain Debt and Marketable Equity Securities, Available-for-Sale And Held-To-Maturity Securities, Value and Maturities	As of December 31, 2016 and 2015 , 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 2016 Available-for-sale securities: 1 Equity securities $ 1,252 $ 425 $ (22 ) $ 1,655 Debt securities 4,700 89 (31 ) 4,758 Total $ 5,952 $ 514 $ (53 ) $ 6,413 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 1 Refer to Note 16 for additional information related to the estimated fair value.
Schedule of Realized Gain (Loss) [Table Text Block]	The sale and/or maturity of available-for-sale securities resulted in the following realized activity (in millions): Year Ended December 31, 2016 2015 2014 Gross gains $ 152 $ 103 $ 38 Gross losses (51 ) (42 ) (21 ) Proceeds 11,540 4,043 4,157
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, 2016 2015 Cash and cash equivalents $ 682 $ 361 Marketable securities 3,769 4,040 Other investments 849 1 3,280 Other assets 1,113 925 Total $ 6,413 $ 8,606 1 The decline in other investments in 2016 is primarily due to the disposal of our investment in Keurig. Refer to Note 2.
Contractual maturity amounts of the investment securities	The contractual maturities of these available-for-sale securities as of December 31, 2016 were as follows (in millions): Cost Estimated Fair Value Within 1 year $ 1,900 $ 1,900 After 1 year through 5 years 2,324 2,352 After 5 years through 10 years 176 194 After 10 years 300 312 Equity securities 1,252 1,655 Total $ 5,952 $ 6,413

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2016
Inventories [Abstract]
Inventories [Table Text Block]	Inventories consisted of the following (in millions): December 31, 2016 2015 Raw materials and packaging $ 1,565 $ 1,564 Finished goods 844 1,032 Other 266 306 Total inventories $ 2,675 $ 2,902

HEDGING TRANSACTIONS AND DERI35

HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
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 $ 400 $ 572 Foreign currency contracts Other assets 60 246 Commodity contracts Prepaid expenses and other assets — 1 Interest rate contracts Prepaid expenses and other assets — 20 Interest rate contracts Other assets 105 62 Total assets $ 565 $ 901 Liabilities: Foreign currency contracts Accounts payable and accrued expenses $ 40 $ 51 Foreign currency contracts Other liabilities 54 75 Commodity contracts Accounts payable and accrued expenses 1 — Interest rate contracts Accounts payable and accrued expenses 36 53 Interest rate contracts Other liabilities 47 231 Total liabilities $ 178 $ 410 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 $ 284 $ 105 Foreign currency contracts Other assets — 241 Commodity contracts Prepaid expenses and other assets 27 2 Commodity contracts Other assets 1 1 Other derivative instruments Prepaid expenses and other assets 4 17 Other derivative instruments Other assets 1 3 Total assets $ 317 $ 369 Liabilities: Foreign currency contracts Accounts payable and accrued expenses $ 60 $ 59 Foreign currency contracts Other liabilities 16 9 Commodity contracts Accounts payable and accrued expenses 16 154 Commodity contracts Other liabilities 1 19 Interest rate contracts Accounts payable and accrued expenses 8 — Interest rate contracts Other liabilities 1 1 Other derivative instruments Accounts payable and accrued expenses 2 5 Other derivative instruments Other liabilities 5 2 Total liabilities $ 109 $ 249 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, 2016 , 2015 and 2014 (in millions): Gain (Loss) Recognized in 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) 2016 Foreign currency contracts $ 69 Net operating revenues $ 567 $ (3 ) Foreign currency contracts 8 Cost of goods sold 35 (1 ) Foreign currency contracts — Interest expense (9 ) — Foreign currency contracts 13 Other income (loss) — net (3 ) (3 ) Interest rate contracts (126 ) Interest expense (17 ) (2 ) Commodity contracts (1 ) Cost of goods sold (1 ) — Total $ (37 ) $ 572 $ (9 ) 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 $ — 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, 2016 , 2015 and 2014 (in millions): Hedging Instruments and Hedged Items Location of Gain (Loss) Recognized in Income Gain (Loss) Recognized in Income 1 2016 Interest rate contracts Interest expense $ 170 Fixed-rate debt Interest expense (152 ) Net impact to interest expense $ 18 Foreign currency contracts Other income (loss) — net $ 69 Available-for-sale securities Other income (loss) — net (73 ) Net impact to other income (loss) — net $ (4 ) Net impact of fair value hedging instruments $ 14 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 ) 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, 2016 2015 2016 2015 2014 Foreign currency contracts $ 100 $ 1,347 $ (237 ) $ 661 $ 80 Foreign currency denominated debt 11,113 10,912 304 (24 ) — Total $ 11,213 $ 12,259 $ 67 $ 637 $ 80
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, 2016 , 2015 and 2014 (in millions): Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income Year Ended December 31, 2016 2015 2014 Foreign currency contracts Net operating revenues $ (45 ) $ 41 $ (6 ) Foreign currency contracts Cost of goods sold 4 3 — Foreign currency contracts Other income (loss) — net (168 ) (92 ) (85 ) Commodity contracts Net operating revenues 10 (16 ) (48 ) Commodity contracts Cost of goods sold 75 (209 ) (8 ) Commodity contracts Selling, general and administrative expenses 6 (25 ) (79 ) Interest rate contracts Interest expense (39 ) — — Other derivative instruments Selling, general and administrative expenses 16 1 24 Other derivative instruments Other income (loss) — net (15 ) (37 ) 39 Total $ (156 ) $ (334 ) $ (163 )

EQUITY METHOD INVESTMENTS (Tabl

EQUITY METHOD INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
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 2016 2015 2014 Net operating revenues $ 58,054 $ 47,498 $ 52,627 Cost of goods sold 34,338 28,749 31,810 Gross profit $ 23,716 $ 18,749 $ 20,817 Operating income $ 5,652 $ 4,483 $ 4,489 Consolidated net income $ 2,967 $ 2,299 $ 2,440 Less: Net income attributable to noncontrolling interests 78 65 74 Net income attributable to common shareowners $ 2,889 $ 2,234 $ 2,366 Equity income (loss) — net $ 835 $ 489 $ 769 1 The financial information represents the results of the equity method investees during the Company's period of ownership. December 31, 2016 2015 Current assets $ 19,586 $ 17,524 Noncurrent assets 58,529 36,498 Total assets $ 78,115 $ 54,022 Current liabilities $ 16,125 $ 11,820 Noncurrent liabilities 25,610 14,467 Total liabilities $ 41,735 $ 26,287 Equity attributable to shareowners of investees $ 35,204 $ 26,854 Equity attributable to noncontrolling interests 1,176 881 Total equity $ 36,380 $ 27,735 Company equity investment $ 16,260 $ 12,318

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2016
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, 2016 2015 Land $ 589 $ 717 Buildings and improvements 4,574 4,914 Machinery, equipment and vehicle fleet 16,093 16,723 21,256 22,354 Less accumulated depreciation 10,621 9,783 Property, plant and equipment — net $ 10,635 $ 12,571

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2016
INTANGIBLE ASSETS [Abstract]
Indefinite-lived intangible assets	The following table summarizes information related to indefinite-lived intangible assets (in millions): December 31, 2016 2015 Trademarks $ 6,097 $ 5,989 Bottlers' franchise rights 1,2,3 3,676 6,000 Goodwill 10,629 11,289 Other 128 164 Indefinite-lived intangible assets $ 20,530 $ 23,442 1 The decrease in 2016 was primarily the result of additional North America bottling territories being refranchised or reclassified as held for sale as well as the Company's China bottling operations being reclassified as held for sale. Refer to Note 2 . 2 In 2015, the Company acquired rights to distribute Monster products in expanded territories as a result of the Monster Transaction. The carrying values of these rights as of December 31, 2016 and 2015 were $298 million and $640 million , respectively. 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. The decrease in 2016 is related to North America refranchising. Refer to Note 2 . 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, 2016 , the agreements have remaining terms of 14 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, 2016 and 2015 were $576 million and $652 million , respectively. The decrease in 2016 is related to North America refranchising. Refer to Note 2 .
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): Europe, Middle East & Africa Latin America North America Asia Pacific Bottling Investments Total 2015 Balance at beginning of year $ 746 $ 147 $ 8,568 $ 131 $ 2,508 $ 12,100 Effect of foreign currency translation (105 ) (24 ) — 2 (37 ) (164 ) Acquisitions 1 — — 26 — 1 27 Adjustments related to the finalization of purchase accounting 1 — — — — 4 4 Impairment — — — — (4 ) (4 ) Divestitures, deconsolidations and other 1 (3 ) — (283 ) — (388 ) (674 ) Balance at end of year $ 638 $ 123 $ 8,311 $ 133 $ 2,084 $ 11,289 2016 Balance at beginning of year $ 638 $ 123 $ 8,311 $ 133 $ 2,084 $ 11,289 Effect of foreign currency translation (10 ) (6 ) — (11 ) (6 ) (33 ) Acquisitions 1 — — — 6 — 6 Adjustments related to the finalization of purchase accounting 1 — — 10 — — 10 Impairment — — — — (10 ) (10 ) Divestitures, deconsolidations and other 1,2 — — — — (633 ) (633 ) Balance at end of year $ 628 $ 117 $ 8,321 $ 128 $ 1,435 $ 10,629 1 Refer to Note 2 for information related to the Company's acquisitions and divestitures. 2 The 2016 decrease in the Bottling Investments segment was primarily a result of additional North America bottling territories being refranchised or reclassified as held for sale as well as the Company's China bottling operations being reclassified as held for sale. Refer to Note 2 .
Definite-lived intangible assets	The following table summarizes information related to definite-lived intangible assets (in millions): December 31, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Customer relationships 1 $ 392 $ (185 ) $ 207 $ 493 $ (199 ) $ 294 Bottlers' franchise rights 1 487 (381 ) 106 604 (412 ) 192 Trademarks 228 (64 ) 164 211 (44 ) 167 Other 2 179 (58 ) 121 97 (60 ) 37 Total $ 1,286 $ (688 ) $ 598 $ 1,405 $ (715 ) $ 690 1 The decrease in 2016 was primarily due to the derecognition of intangible assets as a result of the North America refranchising. Refer to Note 2 . 2 The increase in 2016 related to our acquisition of China Green.
Estimated amortization expense for the next five years	Based on the carrying value of definite-lived intangible assets as of December 31, 2016 , we estimate our amortization expense for the next five years will be as follows (in millions): Amortization Expense 2017 $ 111 2018 65 2019 63 2020 57 2021 48

ACCOUNTS PAYABLE AND ACCRUED 39

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2016
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, 2016 2015 Accrued marketing $ 2,186 $ 2,186 Trade accounts payable 2,682 2,795 Other accrued expenses 2,593 2,430 Accrued compensation 857 936 Deferred tax liabilities 692 743 Sales, payroll and other taxes 372 444 Container deposits 108 126 Accounts payable and accrued expenses $ 9,490 $ 9,660

DEBT AND BORROWING ARRANGEMEN40

DEBT AND BORROWING ARRANGEMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
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, 2016 December 31, 2015 Amount Average Rate 1 Amount Average Rate 1 U.S. dollar notes due 2017–2093 $ 16,922 2.0 % $ 15,853 2.1 % U.S. dollar debentures due 2017–2098 2,111 4.1 2,122 3.9 U.S. dollar zero coupon notes due 2020 2 153 8.4 148 8.4 Australian dollar notes due 2020–2024 741 1.2 — N/A Euro notes due 2017–2036 3 11,567 0.7 11,318 0.7 Swiss franc notes due 2017–2028 3 1,304 2.5 1,286 0.9 Other, due through 2098 4 316 3.5 307 4.2 Fair value adjustment 5 97 N/A (47 ) N/A Total 6,7 33,211 1.7 % 30,987 1.7 % Less current portion 3,527 2,676 Long-term debt $ 29,684 $ 28,311 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 $ 18 million and $ 23 million as of December 31, 2016 and 2015 , respectively. 3 This amount includes adjustments recorded due to changes in foreign currency exchange rates. 4 As of December 31, 2016 , the amount shown includes $ 170 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, 2016 and 2015 , the fair value of our long-term debt, including the current portion, was $ 33,752 million and $ 31,308 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, 2016 , are as follows (in millions): Maturities of Long-Term Debt 2017 $ 3,527 2018 3,301 2019 3,241 2020 4,302 2021 2,318

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2016
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, 2016 (in millions): Year Ended December 31, Operating Lease Payments 2017 $ 176 2018 98 2019 78 2020 64 2021 54 Thereafter 213 Total minimum operating lease payments 1 $ 683 1 Income associated with sublease arrangements is not significant.

STOCK COMPENSATION PLANS (Table

STOCK COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2016
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 stock 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: 2016 2015 2014 Fair value of stock options at grant date $ 4.17 $ 4.38 $ 3.91 Dividend yield 1 3.2 % 3.1 % 2.7 % Expected volatility 2 16.0 % 16.0 % 16.0 % Risk-free interest rate 3 1.5 % 1.8 % 1.6 % Expected term of the stock options 4 6 years 6 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 stock options 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 plans	Stock option activity for all plans for the year ended December 31, 2016 , was as follows: Shares (In millions) Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life Aggregate Intrinsic Value (In millions) Outstanding on January 1, 2016 266 $ 32.51 Granted 9 43.52 Exercised (50 ) 28.68 Forfeited/expired (5 ) 37.18 Outstanding on December 31, 2016 1 220 $ 33.70 5.11 years $ 1,731 Expected to vest 219 $ 33.66 5.09 years $ 1,730 Exercisable on December 31, 2016 166 $ 31.96 4.36 years $ 1,580 1 Includes 0.7 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 $ 15.50 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, 2016 1 12,196 $ 33.30 Granted 3,502 39.70 Paid in cash equivalent (53 ) 36.84 Canceled/forfeited (5,872 ) 32.96 Outstanding on December 31, 2016 1,2 9,773 $ 35.77 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, 2016 , at the threshold award and maximum award levels were 3.1 million and 18.3 million , respectively.

PENSION AND OTHER POSTRETIREM43

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2016
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, 2016 2015 2016 2015 Benefit obligation at beginning of year 1 $ 9,159 $ 10,346 $ 940 $ 1,006 Service cost 239 265 22 27 Interest cost 319 379 31 37 Foreign currency exchange rate changes (38 ) (309 ) (2 ) (14 ) Amendments 17 6 (4 ) (10 ) Actuarial loss (gain) 441 (479 ) 20 (54 ) Benefits paid 2 (346 ) (353 ) (64 ) (59 ) Business combinations — 1 — — Divestitures 3 (16 ) (218 ) (2 ) — Settlements 4 (384 ) (499 ) — — Special termination benefits 37 21 2 2 Other — (1 ) 19 5 Benefit obligation at end of year 1 $ 9,428 $ 9,159 $ 962 $ 940 Fair value of plan assets at beginning of year $ 7,689 $ 8,902 $ 245 $ 246 Actual return on plan assets 690 (44 ) 8 (3 ) Employer contributions 718 121 — — Foreign currency exchange rate changes (70 ) (322 ) — — Benefits paid (270 ) (270 ) (3 ) (3 ) Divestitures 3 (16 ) (206 ) — — Settlements 4 (374 ) (486 ) — — Other 4 (6 ) 5 5 Fair value of plan assets at end of year $ 8,371 $ 7,689 $ 255 $ 245 Net liability recognized $ (1,057 ) $ (1,470 ) $ (707 ) $ (695 ) 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 $9,141 million and $8,868 million as of December 31, 2016 and 2015 , respectively. 2 Benefits paid to pension plan participants during 2016 and 2015 included $76 million and $83 million , respectively, in payments related to unfunded pension plans that were paid from Company assets. Benefits paid to participants of other benefit plans during 2016 and 2015 included $61 million and $56 million , respectively, that were paid from Company assets. 3 Divestitures are primarily related to the deconsolidation of the Company's German bottling operations in May 2016. These operations were classified as held for sale as of December 31, 2015. Refer to Note 2. 4 Settlements are primarily related to the Company's North America refranchising and productivity, restructuring and integration initiatives. Refer to Note 2 and 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, 2016 2015 2016 2015 Noncurrent asset $ 572 $ 454 $ — $ — Current liability (71 ) (72 ) (23 ) (21 ) Long-term liability (1,558 ) (1,852 ) (684 ) (674 ) Net liability recognized $ (1,057 ) $ (1,470 ) $ (707 ) $ (695 )
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, 2016 2015 Projected benefit obligation $ 7,907 $ 7,767 Fair value of plan assets 6,303 5,865
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, 2016 2015 Accumulated benefit obligation $ 7,668 $ 7,537 Fair value of plan assets 6,257 5,846
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, 2016 2015 2016 2015 Cash and cash equivalents $ 229 $ 222 $ 173 $ 54 Equity securities: U.S.-based companies 1,208 1,118 619 445 International-based companies 451 398 488 419 Fixed-income securities: Government bonds 395 442 131 295 Corporate bonds and debt securities 854 1,037 142 136 Mutual, pooled and commingled funds 1 693 713 440 410 Hedge funds/limited partnerships 1,172 723 41 41 Real estate 521 462 2 2 Other 538 513 274 259 Total pension plan assets 2 $ 6,061 $ 5,628 $ 2,310 $ 2,061 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, 2016 2015 Cash and cash equivalents $ 2 $ 8 Equity securities: U.S.-based companies 116 116 International-based companies 8 6 Fixed-income securities: Government bonds 3 80 Corporate bonds and debt securities 6 8 Mutual, pooled and commingled funds 103 15 Hedge funds/limited partnerships 9 5 Real estate 4 3 Other 4 4 Total other postretirement benefit plan assets 1 $ 255 $ 245 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, 2016 2015 2014 2016 2015 2014 Service cost $ 239 $ 265 $ 261 $ 22 $ 27 $ 26 Interest cost 319 379 406 31 37 43 Expected return on plan assets 1 (653 ) (705 ) (713 ) (11 ) (11 ) (11 ) Amortization of prior service cost (credit) (2 ) (2 ) (2 ) (19 ) (19 ) (17 ) Amortization of actuarial loss 2 183 199 73 7 10 2 Net periodic benefit cost 86 136 25 30 44 43 Settlement charge 3 118 149 4 — — — Special termination benefits 3 37 20 5 1 2 — Other (3 ) — — 23 — — Total cost recognized in statements of income $ 238 $ 305 $ 34 $ 54 $ 46 $ 43 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 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 plan participants. 3 The settlement charge and special termination benefits are primarily related to the Company's North America refranchising and productivity, restructuring and integration initiatives. Refer to Note 2 and 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, 2016 2015 2016 2015 Balance in AOCI at beginning of year $ (2,907 ) $ (3,069 ) $ (26 ) $ (67 ) Recognized prior service cost (credit) (2 ) (2 ) (28 ) 2 (19 ) Recognized net actuarial loss (gain) 301 348 7 10 Prior service credit (cost) arising in current year (17 ) (6 ) 4 10 Net actuarial (loss) gain arising in current year (404 ) (270 ) (6 ) 2 40 Impact of divestitures 1 64 — — — Foreign currency translation gain (loss) 33 92 1 — Balance in AOCI at end of year $ (2,932 ) $ (2,907 ) $ (48 ) $ (26 ) 1 Related to the deconsolidation of our German bottling operations. Refer to Note 2. 2 Includes $9 million of recognized prior service credit and $17 million of actuarial gains arising in the current year due to the impact of curtailments.
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, 2016 2015 2016 2015 Prior service credit (cost) $ (14 ) $ 3 $ 69 $ 93 Net actuarial loss (2,918 ) (2,910 ) (117 ) (119 ) Balance in AOCI at end of year $ (2,932 ) $ (2,907 ) $ (48 ) $ (26 )
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 benefit cost in 2017 are as follows (in millions, pretax): Pension Benefits Other Benefits Amortization of prior service cost (credit) $ — $ (20 ) Amortization of actuarial loss 178 8 Total $ 178 $ (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, 2016 2015 2016 2015 Discount rate 4.00 % 4.25 % 4.00 % 4.25 % Rate of increase in compensation levels 3.75 % 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, 2016 2015 2014 2016 2015 2014 Discount rate 4.25 % 3.75 % 4.75 % 4.25 % 3.75 % 4.75 % 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, 2016 2015 Health care cost trend rate assumed for next year 7.00 % 7.00 % 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 2021
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, 2017 2018 2019 2020 2021 2022–2026 Pension benefit payments $ 574 $ 496 $ 521 $ 536 $ 549 $ 2,906 Other benefit payments 1 65 66 67 67 67 323 Total estimated benefit payments $ 639 $ 562 $ 588 $ 603 $ 616 $ 3,229 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 2017–2021, and $3 million for the period 2022–2026.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
Schedule of income before income taxes	Income before income taxes consisted of the following (in millions): Year Ended December 31, 2016 2015 2014 United States $ 113 1 $ 1,801 $ 1,567 International 8,023 7,804 7,758 Total $ 8,136 $ 9,605 $ 9,325 1 Includes $2,456 million in charges related to refranchising certain bottling territories in North America. Refer to Note 2.
Schedule of income tax expense (benefit)	Income tax expense consisted of the following for the years ended December 31, 2016 , 2015 and 2014 (in millions): United States State and Local International Total 2016 Current $ 1,147 $ 113 $ 1,182 $ 2,442 Deferred (838 ) 1 (91 ) 73 (856 ) 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 ) 1 Includes the benefit from charges related to refranchising certain bottling territories in North America. Refer to Note 2.
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, 2016 2015 2014 Statutory U.S. federal tax rate 35.0 % 35.0 % 35.0 % State and local income taxes — net of federal benefit 1.2 1.2 1.0 Earnings in jurisdictions taxed at rates different from the statutory U.S. federal rate (17.5 ) 1,2,3 (12.7 ) 9 (11.5 ) 14,15 Equity income or loss (3.0 ) 4 (1.7 ) 10 (2.2 ) Other operating charges 1.4 5,6 1.2 11,12 2.9 16,17 Other — net 2.4 7,8 0.3 13 (1.6 ) Effective tax rate 19.5 % 23.3 % 23.6 % 1 Includes a pretax charge of $72 million (or a 0.3 percent impact on our effective tax rate) related to charges resulting from remeasuring our net monetary assets denominated in Egyptian pounds. Refer to Note 17. 2 Includes a tax benefit of $68 million (or a 0.8 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 as well as tax settlements with various international jurisdictions. 3 Includes a tax charge of $189 million related to a pretax gain of $1,323 million (or a 3.4 percent impact on our effective tax rate) related to the deconsolidation of our German bottling operations and a net pretax gain of $18 million related to the disposal of our investment in Keurig, partially offset by a pretax loss of $21 million related to the deconsolidation of our South African bottling operations. This charge also includes the tax impact resulting from the accrual of tax on temporary differences related to the investment in foreign subsidiaries that are now expected to reverse in the foreseeable future. Refer to Note 2. 4 Includes an $11 million tax benefit on a pretax charge of $61 million (or a 0.1 percent impact on our effective tax rate) related to our proportionate share of significant operating and nonoperating items recorded by certain of our equity method investees. Refer to Note 17. 5 Includes a tax benefit of $74 million on pretax charges of $309 million (or a 0.4 percent impact on our effective tax rate) which primarily included $200 million in cash contributions to The Coca-Cola Foundation, a $76 million charge due to the write-down we recorded related to receivables from our bottling partner in Venezuela and a $32 million charge due to tax litigation expense. Refer to Note 17 . 6 Includes a tax benefit of $338 million on pretax charges of $1,201 million (or a 1.0 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 . 7 Includes a tax expense of $157 million (or a 1.9 percent impact on our effective tax rate) primarily related to amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties in certain domestic jurisdictions. 8 Includes a tax expense of $753 million primarily on pretax charges of $2,456 million (or a 1.4 percent impact on our effective tax rate) related to the refranchising of certain bottling territories in North America. Refer to Note 2 . 9 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. 10 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 significant operating and nonoperating items recorded by certain of our equity method investees. Refer to Note 17. 11 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. 12 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. 13 Includes tax expense of $150 million on pretax income of $77 million (or a 1.3 percent impact on our effective tax rate) primarily due to the gain related to the Monster Transaction, offset by charges related to the refranchising of certain bottling territories in North America and charges associated with the early extinguishment of long-term debt. Refer to Note 2 and Note 17. 14 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. 15 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. 16 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. 17 Includes a tax benefit of $191 million on pretax charges of $809 million (or a 1.0 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.
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, 2016 2015 2014 Beginning balance of unrecognized tax benefits $ 168 $ 211 $ 230 Increase related to prior period tax positions 163 1 4 13 Decrease related to prior period tax positions — (9 ) (2 ) Increase related to current period tax positions 17 5 11 Decrease related to settlements with taxing authorities (40 ) 1 (5 ) (5 ) Decrease due to lapse of the applicable statute of limitations — (23 ) (32 ) Increase (decrease) due to effect of foreign currency exchange rate changes (6 ) (15 ) (4 ) Ending balance of unrecognized tax benefits $ 302 $ 168 $ 211 1 The increase is primarily related to a change in judgment about one of the Company’s tax positions as a result of receiving notification of a preliminary settlement of a Competent Authority matter with a foreign jurisdiction, a portion of which became certain later in the year. This change in position did not have a material impact on the Company's consolidated statement of income during the year ended December 31, 2016, as it was partially offset by refunds to be received from the foreign jurisdiction.
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, 2016 2015 Deferred tax assets: Property, plant and equipment $ 144 $ 192 Trademarks and other intangible assets 114 68 Equity method investments (including foreign currency translation adjustment) 684 694 Derivative financial instruments 193 161 Other liabilities 1,141 1,056 Benefit plans 1,599 1,541 Net operating/capital loss carryforwards 461 413 Other 135 175 Gross deferred tax assets 4,471 4,300 Valuation allowances (530 ) (477 ) Total deferred tax assets 1,2 $ 3,941 $ 3,823 Deferred tax liabilities: Property, plant and equipment $ (1,176 ) $ (1,887 ) Trademarks and other intangible assets (2,694 ) (3,422 ) Equity method investments (including foreign currency translation adjustment) (1,718 ) (1,441 ) Derivative financial instruments (1,121 ) (687 ) Other liabilities (149 ) (216 ) Benefit plans (487 ) (367 ) Other (635 ) (726 ) Total deferred tax liabilities 3 (7,980 ) (8,746 ) Net deferred tax liabilities $ (4,039 ) $ (4,923 ) 1 Current deferred tax assets of $ 80 million and $ 151 million were included in the line item prepaid expenses and other assets in our consolidated balance sheets as of December 31, 2016 and 2015 , respectively. 2 Noncurrent deferred tax assets of $ 326 million and $ 360 million were included in the line item other assets in our consolidated balance sheets as of December 31, 2016 and 2015 , respectively. 3 Current deferred tax liabilities of $ 692 million and $ 743 million were included in the line item accounts payable and accrued expenses in our consolidated balance sheets as of December 31, 2016 and 2015 , respectively.
Deferred tax asset valuation allowances	An analysis of our deferred tax asset valuation allowances is as follows (in millions): Year Ended December 31, 2016 2015 2014 Balance at beginning of year $ 477 $ 649 $ 586 Additions 68 42 104 Decrease due to reclassification to assets held for sale (9 ) (163 ) — Deductions (6 ) (51 ) (41 ) Balance at end of year $ 530 $ 477 $ 649

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2016
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, net of tax (in millions): December 31, 2016 2015 Foreign currency translation adjustments $ (9,780 ) $ (9,167 ) Accumulated derivative net gains (losses) 314 696 Unrealized net gains (losses) on available-for-sale securities 305 288 Adjustments to pension and other benefit liabilities (2,044 ) (1,991 ) Accumulated other comprehensive income (loss) $ (11,205 ) $ (10,174 )
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, 2016 Shareowners of The Coca-Cola Company Noncontrolling Interests Total Consolidated net income $ 6,527 $ 23 $ 6,550 Other comprehensive income: Net foreign currency translation adjustment (613 ) (13 ) (626 ) Net gain (loss) on derivatives 1 (382 ) — (382 ) Net change in unrealized gain (loss) on available-for-sale securities 2 17 — 17 Net change in pension and other benefit liabilities 3 (53 ) — (53 ) Total comprehensive income $ 5,496 $ 10 $ 5,506 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 additional 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, 2016 , 2015 and 2014 , is as follows (in millions): Before-Tax Amount Income Tax After-Tax Amount 2016 Foreign currency translation adjustments: Translation adjustments arising during the year $ (1,103 ) $ 51 $ (1,052 ) Reclassification adjustments recognized in net income 368 (18 ) 350 Gains (losses) on net investment hedges arising during the year 67 (25 ) 42 Reclassification adjustments for net investment hedges recognized in net income 77 (30 ) 47 Net foreign currency translation adjustments (591 ) (22 ) (613 ) Derivatives: Gains (losses) arising during the year (43 ) 11 (32 ) Reclassification adjustments recognized in net income (563 ) 213 (350 ) Net gain (loss) on derivatives 1 (606 ) 224 (382 ) Available-for-sale securities: Unrealized gains (losses) arising during the year 124 (28 ) 96 Reclassification adjustments recognized in net income (105 ) 26 (79 ) Net change in unrealized gain (loss) on available-for-sale securities 2 19 (2 ) 17 Pension and other benefit liabilities: Net pension and other benefit liabilities arising during the year (374 ) 99 (275 ) Reclassification adjustments recognized in net income 342 (120 ) 222 Net change in pension and other benefit liabilities 3 (32 ) (21 ) (53 ) Other comprehensive income (loss) attributable to shareowners of The Coca-Cola Company $ (1,210 ) $ 179 $ (1,031 ) 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 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 shareowners of 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 shareowners of 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.
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, 2016 (in millions): Description of AOCI Component Financial Statement Line Item Amount Reclassified from AOCI into Income Foreign currency translation adjustments: Divestitures, deconsolidations and other 1,2 Other income (loss) — net $ 445 Income before income taxes $ 445 Income taxes (48 ) Consolidated net income $ 397 Derivatives: Foreign currency contracts Net operating revenues $ (564 ) Foreign currency and commodity contracts Cost of goods sold (33 ) Foreign currency contracts Other income (loss) — net 6 Foreign currency and interest rate contracts Interest expense 28 Income before income taxes $ (563 ) Income taxes 213 Consolidated net income $ (350 ) Available-for-sale securities: Divestitures, deconsolidations and other 1 Other income (loss) — net $ (4 ) Sale of securities Other income (loss) — net (101 ) Income before income taxes $ (105 ) Income taxes 26 Consolidated net income $ (79 ) Pension and other benefit liabilities: Divestitures, deconsolidations and other 2 Other income (loss) — net $ 64 Recognized net actuarial loss (gain) * 308 Recognized prior service cost (credit) * (30 ) Income before income taxes $ 342 Income taxes (120 ) Consolidated net income $ 222 1 Primarily related to the deconsolidation of our South African bottling operations and related equity method investment. Refer to Note 2. 2 Related to the deconsolidation of our German bottling operations. Refer to Note 2. * 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 .

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
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, 2016 Level 1 Level 2 Level 3 Other 4 Netting Adjustment 5 Fair Value Measurements Assets: Trading securities 1 $ 202 $ 115 $ 4 $ 63 $ — $ 384 Available-for-sale securities 1 1,655 4,619 139 3 — — 6,413 Derivatives 2 4 878 — — (369 ) 6 513 8 Total assets $ 1,861 $ 5,612 $ 143 $ 63 $ (369 ) $ 7,310 Liabilities: Derivatives 2 $ 11 $ 276 $ — $ — $ (192 ) 7 $ 95 8 Total liabilities $ 11 $ 276 $ — $ — $ (192 ) $ 95 1 Refer to Note 3 for additional information related to the composition of our trading securities and available-for-sale securities. 2 Refer to Note 5 for additional information related to the composition of our derivative portfolio. 3 Primarily related to long-term debt securities that mature in 2018. 4 Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy but are included to reconcile to the amounts presented in Note 3. 5 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 . 6 The Company is obligated to return $201 million in cash collateral it has netted against its derivative position. 7 The Company has the right to reclaim $17 million in cash collateral it has netted against its derivative position. 8 The Company's derivative financial instruments are recorded at fair value in our consolidated balance sheet as follows: $ 347 million in the line item prepaid expenses and other assets; $ 166 million in the line item other assets; $42 million in the line item accounts payable and accrued expenses; and $ 53 million in the line item other liabilities. Refer to Note 5 for additional information related to the composition of our derivative portfolio. December 31, 2015 Level 1 Level 2 Level 3 Other 4 Netting Adjustment 5 Fair Value Measurements Assets: Trading securities 1 $ 183 $ 101 $ 2 $ 36 $ — $ 322 Available-for-sale securities 1 3,913 4,574 119 3 — — 8,606 Derivatives 2 2 1,268 — — (638 ) 6 632 8 Total assets $ 4,098 $ 5,943 $ 121 $ 36 $ (638 ) $ 9,560 Liabilities: Derivatives 2 $ 24 $ 635 $ — $ — $ (488 ) 7 $ 171 8 Total liabilities $ 24 $ 635 $ — $ — $ (488 ) $ 171 1 Refer to Note 3 for additional information related to the composition of our trading securities and available-for-sale securities. 2 Refer to Note 5 for additional information related to the composition of our derivative portfolio. 3 Primarily related to long-term debt securities that mature in 2018. 4 Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy but are included to reconcile to the amounts presented in Note 3. 5 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 . 6 The Company is obligated to return $ 184 million in cash collateral it has netted against its derivative position. 7 The Company has the right to reclaim $ 17 million in cash collateral it has netted against its derivative position. 8 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.
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, 2016 2015 Assets held for sale 1 $ (2,264 ) $ (980 ) Intangible assets (153 ) 2 (473 ) 3 Investment in formerly unconsolidated subsidiary — (19 ) 4 Valuation of shares in equity method investee — (6 ) 5 Total $ (2,417 ) $ (1,478 ) 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 losses 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 $153 million during the year ended December 31, 2016 due to impairment charges on certain intangible assets. The charges incurred during 2016 included $143 million related to the impairment of certain U.S. bottlers' franchise rights. This charge was related to a number of factors, primarily as a result of lower operating performance compared to previously modeled results as well as a revision in management's view of the proceeds that may be ultimately received upon refranchising the territory. The 2016 losses also included a $10 million goodwill impairment charge, primarily the result of management's revised outlook on market conditions. 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 17. 3 The Company recognized losses of $473 million during the year ended December 31, 2015 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. 4 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. 5 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, 2016 and 2015 (in millions): December 31, 2016 December 31, 2015 Level 1 Level 2 Level 3 Other 1 Total Level 1 Level 2 Level 3 Other 1 Total Cash and cash equivalents $ 373 $ 29 $ — $ — $ 402 $ 128 $ 148 $ — $ — $ 276 Equity securities: U.S.-based companies 1,812 1 14 — 1,827 1,562 — 1 — 1,563 International-based companies 935 4 — — 939 802 5 10 — 817 Fixed-income securities: Government bonds — 525 1 — 526 — 736 1 — 737 Corporate bonds and debt securities — 978 18 — 996 — 1,171 2 — 1,173 Mutual, pooled and commingled funds 91 20 — 1,022 3 1,133 77 15 — 1,031 3 1,123 Hedge funds/limited partnerships — — — 1,213 4 1,213 — — — 764 4 764 Real estate — — 2 521 5 523 — — 2 462 5 464 Other — 3 211 2 598 6 812 — 9 219 2 544 6 772 Total $ 3,211 $ 1,560 $ 246 $ 3,354 $ 8,371 $ 2,569 $ 2,084 $ 235 $ 2,801 $ 7,689 1 Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy but are included to reconcile to the amounts presented in Note 13. 2 Includes purchased annuity insurance contracts. 3 This class of assets includes actively managed emerging markets equity funds and a collective trust fund for qualified plans, invested primarily in equity securities of companies in the developed and emerging markets. There are no liquidity restrictions on these investments. 4 This class of assets includes hedge funds that can be subject to redemption restrictions, ranging from monthly to semi-annually with a redemption notice period of up to 181 days and/or initial lock-up periods of up to one year, and private equity funds that are primarily closed-end funds in which the Company's investments are generally not eligible for redemption. Distributions from these private equity funds will be received as the underlying assets are liquidated or distributed. 5 This class of assets includes funds invested in real estate, including a privately held real estate investment trust, a real estate commingled pension trust fund, infrastructure limited partnerships and commingled investment funds. These funds seek current income and capital appreciation through the investments and can be subject to redemption restrictions, ranging from quarterly to semi-annually with a redemption notice period of up to 90 days. 6 This class of assets includes segregated portfolios of private investment funds that are invested in a portfolio of insurance-linked securities. These assets can be subject to a semi-annual redemption, with a redemption notice period of 90 days, subject to certain gate restrictions.
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, 2016 and 2015 (in millions): Equity Securities Fixed-Income Securities Real Estate Other Total 2015 Balance at beginning of year $ 17 $ 36 $ — $ 339 $ 392 Actual return on plan assets: Related to assets held at the reporting date (6 ) 1 — 5 — Related to assets sold during the year — (4 ) — — (4 ) Purchases, sales and settlements — net — (6 ) — (77 ) 1 (83 ) Transfers into/(out of) Level 3 — net — (24 ) 2 (3 ) (25 ) Foreign currency translation adjustments — — — (45 ) (45 ) Balance at end of year $ 11 $ 3 $ 2 $ 219 2 $ 235 2016 Balance at beginning of year $ 11 $ 3 $ 2 $ 219 $ 235 Actual return on plan assets: Related to assets held at the reporting date 4 2 — 7 13 Related to assets sold during the year — (2 ) — 3 1 Purchases, sales and settlements — net — 12 — (23 ) (11 ) Transfers into/(out of) Level 3 — net (1 ) 4 — 7 10 Foreign currency translation adjustments — — — (2 ) (2 ) Balance at end of year $ 14 $ 19 $ 2 $ 211 2 $ 246 1 Includes the reclassification 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. During the year ended December 31, 2016, the Company deconsolidated our German bottling operations. Refer to Note 2. 2 Includes purchased annuity insurance contracts.
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, 2016 and 2015 (in millions): December 31, 2016 December 31, 2015 Level 1 Level 2 Other 1 Total Level 1 Level 2 Other 1 Total Cash and cash equivalents $ 2 $ — $ — $ 2 $ 1 $ 7 $ — $ 8 Equity securities: U.S.-based companies 116 — — 116 116 — — 116 International-based companies 8 — — 8 6 — — 6 Fixed-income securities: Government bonds — 3 — 3 77 3 — 80 Corporate bonds and debt securities — 6 — 6 — 8 — 8 Mutual, pooled and commingled funds 98 — 5 103 10 — 5 15 Hedge funds/limited partnerships — — 9 9 — — 5 5 Real estate — — 4 4 — — 3 3 Other — — 4 4 — — 4 4 Total $ 224 $ 9 $ 22 $ 255 $ 210 $ 18 $ 17 $ 245 1 Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy but are included to reconcile to the amounts presented in Note 13.

PRODUCTIVITY, INTEGRATION AND47

PRODUCTIVITY, INTEGRATION AND RESTRUCTURING INITIATIVES (Tables)	12 Months Ended
	Dec. 31, 2016
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 2014 Accrued balance at beginning of year $ 88 $ 6 $ 18 $ 112 Costs incurred 277 77 247 601 Payments (103 ) (79 ) (220 ) (402 ) Noncash and exchange (2 ) — (24 ) (26 ) Accrued balance at end of year $ 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 at end of year $ 144 $ 8 $ 52 $ 204 2016 Costs incurred $ 95 $ 27 $ 230 $ 352 Payments (114 ) (30 ) (205 ) (349 ) Noncash and exchange (2 ) 1 (55 ) (56 ) Accrued balance at end of year $ 123 $ 6 $ 22 $ 151 1 Includes pension settlement charges. Refer to Note 13.

OPERATING SEGMENTS (Tables)

OPERATING SEGMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
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, 2016 2015 2014 Concentrate operations 1 40 % 37 % 38 % Finished product operations 2 60 63 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, 2016 2015 2014 United States $ 19,899 $ 20,360 $ 19,763 International 21,964 23,934 26,235 Net operating revenues $ 41,863 $ 44,294 $ 45,998 The following table provides information related to our property, plant and equipment — net (in millions): Year Ended December 31, 2016 2015 2014 United States $ 6,784 $ 8,266 $ 8,683 International 3,851 4,305 5,950 Property, plant and equipment — net $ 10,635 $ 12,571 $ 14,633
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, 2016 , 2015 and 2014 , is as follows (in millions): Europe, Middle East & Africa Latin America North America Asia Pacific Bottling Investments Corporate Eliminations Consolidated 2016 Net operating revenues: Third party $ 7,014 $ 3,746 $ 6,437 $ 4,788 $ 19,751 $ 127 $ — $ 41,863 Intersegment 264 73 3,773 506 134 5 (4,755 ) — Total net revenues 7,278 3,819 10,210 5,294 19,885 132 (4,755 ) 41,863 Operating income (loss) 3,676 1,951 2,582 2,224 (137 ) (1,670 ) — 8,626 Interest income — — 27 — — 615 — 642 Interest expense — — — — — 733 — 733 Depreciation and amortization 93 35 426 80 1,013 140 — 1,787 Equity income (loss) — net 62 18 (17 ) 9 648 115 — 835 Income (loss) before income taxes 3,749 1,966 2,560 2,238 (1,923 ) (454 ) — 8,136 Identifiable operating assets 1 4,067 1,785 16,566 2,024 15,973 29,606 — 70,021 Investments 3 1,302 804 109 164 11,456 3,414 — 17,249 Capital expenditures 62 45 438 107 1,329 281 — 2,262 2015 Net operating revenues: Third party $ 6,966 $ 3,999 $ 5,581 $ 4,707 $ 22,885 $ 156 $ — $ 44,294 Intersegment 621 75 4,259 545 178 10 (5,688 ) — Total net revenues 7,587 4,074 9,840 5,252 23,063 166 (5,688 ) 44,294 Operating income (loss) 3,875 2,169 2,366 2,189 124 (1,995 ) — 8,728 Interest income — — 9 — — 604 — 613 Interest expense — — — — — 856 — 856 Depreciation and amortization 103 41 373 85 1,211 157 — 1,970 Equity income (loss) — net 39 (7 ) (18 ) 9 426 40 — 489 Income (loss) before income taxes 3,923 2,164 2,356 2,207 (427 ) (618 ) — 9,605 Identifiable operating assets 1 4,156 2 1,627 16,396 1,639 22,688 2 27,702 — 74,208 Investments 3 1,138 657 107 158 8,084 5,644 — 15,788 Capital expenditures 54 70 377 81 1,699 272 — 2,553 2014 Net operating revenues: Third party $ 7,574 $ 4,597 $ 4,975 $ 5,257 $ 23,459 $ 136 $ — $ 45,998 Intersegment 692 60 4,296 489 192 — (5,729 ) — Total net revenues 8,266 4,657 9,271 5,746 23,651 136 (5,729 ) 45,998 Operating income (loss) 3,936 2,316 2,243 2,448 213 (1,448 ) — 9,708 Interest income — — — — — 594 — 594 Interest expense — — — — — 483 — 483 Depreciation and amortization 122 56 349 96 1,161 192 — 1,976 Equity income (loss) — net 66 10 (16 ) 12 691 6 — 769 Income (loss) before income taxes 4,017 2,319 2,228 2,464 120 (1,823 ) — 9,325 Identifiable operating assets 1 4,656 2 2,426 16,844 1,793 23,197 2 29,427 — 78,343 Investments 3 1,171 757 34 157 8,795 2,711 — 13,625 Capital expenditures 84 55 367 76 1,554 270 — 2,406 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 and 10 percent in 2014 . The 2015 amount includes property, plant and equipment — net classified as held for sale. During the year ended December 31, 2016, the Company deconsolidated our German bottling operations. Refer to Note 2 . 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, 2016
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, 2016 2015 2014 (Increase) decrease in trade accounts receivable $ (28 ) $ (212 ) $ (253 ) (Increase) decrease in inventories (142 ) (250 ) 35 (Increase) decrease in prepaid expenses and other assets 283 123 194 Increase (decrease) in accounts payable and accrued expenses (540 ) 1,004 (250 ) Increase (decrease) in accrued taxes 750 (306 ) 151 Increase (decrease) in other liabilities (544 ) (516 ) (316 ) Net change in operating assets and liabilities $ (221 ) $ (157 ) $ (439 )

SUBSEQUENT EVENT SUBSEQUENT EVE

SUBSEQUENT EVENT SUBSEQUENT EVENT (Tables)	12 Months Ended
	Dec. 31, 2016
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 Bottling Investments operating segment (in millions): Cash, cash equivalents and short-term investments $ 25 Trade accounts receivable, less allowances 178 Inventories 128 Prepaid expenses and other assets 28 Equity method investments 105 Other assets 2 Property, plant and equipment — net 770 Bottlers' franchise rights with indefinite lives 1,717 Goodwill 544 Other intangible assets 80 Allowance for reduction of assets held for sale (9 ) Total assets $ 3,568 Accounts payable and accrued expenses $ 261 Other liabilities 2 Deferred income taxes 963 Total liabilities $ 1,226

BUSINESS AND SUMMARY OF SIGNI51

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)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	59,000,000,000
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	$ 45	$ 61	$ 72
Aggregate deductions for expenses including amortization expense, incurred in relation to infrastructure programs	6,600	6,800	7,000
Advertising costs included in selling, general and administrative expenses	4,000	4,000	3,500
Advertising and production costs recorded in prepaid expenses and other assets	113	207
Shipping and handling costs included in selling, general and administrative expenses	$ 2,000	$ 2,500	$ 2,700
Stock option award excluded from computation of diluted net income per share (in millions of shares) | shares	51	27	38
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	$ 1,575	$ 1,735	$ 1,716
Amortization for leasehold improvements	$ 22	$ 18	$ 20
Goodwill, Trademarks and Other Intangible Assets
Finite Lived Intangible Assets, Minimum Useful Life	1 year
Finite Lived Intangible Assets, Maximum Useful Life	20 years
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, 2016	Dec. 31, 2015
Not primary beneficiary
Variable interest entity
VIEs maximum exposures to loss	$ 3,709	$ 2,687
Primary beneficiary
Variable interest entity
VIEs maximum exposures to loss	$ 203	$ 221

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, 2016	Dec. 31, 2015	Dec. 31, 2014
Activity in the allowance for doubtful accounts
Balance at beginning of year	$ 352	$ 331	$ 61
Net charges to costs and expenses	126	45	308
Write-offs	(10)	(10)	(13)
Other	(2)	(14)	(25)
Balance at end of year	$ 466	$ 352	$ 331

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 ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Translation and Remeasurement
Remeasurement Charges on Subsidiary Assets					$ 27	$ 372
Impairment of Intangible Assets (Excluding Goodwill)				$ 143
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				$ 76	56	296
Impairment of Intangible Assets (Excluding Goodwill)					55	$ 18
Net Monetary Assets, Receivables and Intangible Assets				$ 84
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

ACQUISITIONS AND DIVESTITURES55

ACQUISITIONS AND DIVESTITURES (Details) - USD ($) shares in Millions, $ / shares in Millions	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended			60 Months Ended
	Mar. 31, 2017	Jul. 03, 2015	Feb. 11, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2019	Jun. 12, 2015	Apr. 03, 2015	Jun. 27, 2014	May 01, 2014	Mar. 28, 2014	Feb. 27, 2014
Significant Acquisitions and Disposals [Line Items]
Indefinite-Lived Trademarks				$ 6,097,000,000	$ 5,989,000,000
Acquisitions and Investments, Principally Beverage and Bottling Companies and Trademarks				838,000,000	2,491,000,000	$ 389,000,000
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss				0	19,000,000
Payments for (Proceeds from) Other Investing Activities				209,000,000	40,000,000	268,000,000
Proceeds from disposals of businesses, equity method investments and nonmarkatable securities				1,035,000,000	$ 565,000,000	148,000,000
Percentage of shares sold or to be sold through options					10.00%
Equity Method Investment, Realized Gain (Loss) on Disposal				0	$ (6,000,000)	(32,000,000)
Other accrued expenses				2,593,000,000	2,430,000,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ (9,000,000)			1,323,000,000
Cost incurred to convert bottling agreements				31,000,000
Impairment of Intangible Assets (Excluding Goodwill)				143,000,000
Corporate
Significant Acquisitions and Disposals [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss					19,000,000
Equity Method Investment, Realized Gain (Loss) on Disposal					(6,000,000)	$ (32,000,000)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal				1,323,000,000
Gain (Loss) on Disposition of Business					1,715,000,000
Net Gains From Investee Transactions, Equity Investment Sales and other gains				18,000,000	1,403,000,000
Impairment of Intangible Assets (Excluding Goodwill)					418,000,000
North America
Significant Acquisitions and Disposals [Line Items]
Cost incurred to convert bottling agreements				31,000,000
Others [Member]
Significant Acquisitions and Disposals [Line Items]
Disposal Group, Including Discontinued Operation, Assets				17,000,000	19,000,000
Disposal Groups, Including Discontinued Operations, Name [Domain]
Significant Acquisitions and Disposals [Line Items]
Disposal Group, Including Discontinued Operation, Assets				$ 2,797,000,000	$ 3,900,000,000
Brazilian Bottling Operations
Significant Acquisitions and Disposals [Line Items]
Equity Method Investment, Ownership Percentage				34.00%
Percentage of shares sold or to be sold through options					10.00%	10.00%
Coca-Cola European Partners [Member]
Significant Acquisitions and Disposals [Line Items]
Disposal Group, Including Discontinued Operation, Assets					$ 2,894,000,000
North America Territory [Member]
Significant Acquisitions and Disposals [Line Items]
Disposal Group, Including Discontinued Operation, Assets				$ 1,247,000,000	589,000,000
Agreement Term				10 years
Agreement Renewal Term				10 years
Proceeds from Sale of Productive Assets				$ 1,017,000,000	362,000,000	$ 143,000,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal				(2,456,000,000)	(1,006,000,000)	(799,000,000)
China Bottling Operation [Member]
Significant Acquisitions and Disposals [Line Items]
Disposal Group, Including Discontinued Operation, Assets				1,533,000,000
CCEAG [Member]
Significant Acquisitions and Disposals [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal				1,400,000,000
Gain (Loss) on Derivative Used in Net Investment Hedge, Net of Tax				(77,000,000)
Disposal gain (loss) of a business net of transaction cost				1,287,000,000
Equity Method Investee [Member]
Significant Acquisitions and Disposals [Line Items]
Proceeds from Sale of Productive Assets				279,000,000	83,000,000	$ 42,000,000
Monster Beverage Corporation [Member]
Significant Acquisitions and Disposals [Line Items]
Other intangible assets					341,000,000
Proceeds from Sale of Intangible Assets					28,000,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal					(313,000,000)
Coca-Cola Beverage Africa [Member]
Significant Acquisitions and Disposals [Line Items]
Disposal Group, Including Discontinued Operation, Assets					398,000,000
Deconsolidation, Gain (Loss), Amount				$ (21,000,000)
CCEAG [Member]
Significant Acquisitions and Disposals [Line Items]
Put Option Exercise Price												$ 503,000,000
Ownership Percentage by Parent				100.00%
Monster Beverage Corporation [Member]
Significant Acquisitions and Disposals [Line Items]
Equity Method Investments, Fair Value Disclosure								$ 3,066,000,000
Indefinite-lived Intangible Assets Acquired		$ 1,035,000,000		$ 298,000,000	640,000,000
Noncash or Part Noncash Acquisition, Value of Assets Acquired					4,196,000,000
Indefinite-Lived Trademarks								$ 95,000,000
Acquisitions and Investments, Principally Beverage and Bottling Companies and Trademarks					1,620,000,000
Equity Method Investment, Ownership Percentage				17.00%
Payments to Acquire Businesses, Gross					2,150,000,000
Payments for (Proceeds from) Other Investing Activities					530,000,000
Other Significant Noncash Transaction, Value of Consideration Given					2,046,000,000
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						6.5			6.4
Available-for-sale Securities, Equity Securities									$ 830,000,000	$ 302,000,000			$ 1,265,000,000
Business Acquisition, Transaction Costs													$ 14,000,000
Coca-Cola Beverage Africa [Member]
Significant Acquisitions and Disposals [Line Items]
Acquisitions and Investments, Principally Beverage and Bottling Companies and Trademarks				$ 3,150,000,000
Equity Method Investment, Ownership Percentage				12.00%
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)					380,000,000
Other Nonoperating Income (Expense) [Member] | Green Mountain Coffee Roasters, Inc. [Member]
Significant Acquisitions and Disposals [Line Items]
Derivative, Loss on Derivative			$ 47,000,000		58,000,000
South African subsidiary of Coca-Cola Beverages Africa Limited [Member]
Significant Acquisitions and Disposals [Line Items]
Equity Method Investment, Ownership Percentage				3.00%
Green Mountain Coffee Roasters, Inc. [Member]
Significant Acquisitions and Disposals [Line Items]
Sale of Stock, Price Per Share				$ 0
Payments for (Proceeds from) Investments				$ (2,380,000,000)
Green Mountain Coffee Roasters, Inc. [Member] | Other Nonoperating Income (Expense) [Member]
Significant Acquisitions and Disposals [Line Items]
Net Gains From Investee Transactions, Equity Investment Sales and other gains				18,000,000
Monster Beverage Corporation [Member]
Significant Acquisitions and Disposals [Line Items]
Other accrued expenses				125,000,000
Coca-Cola Beverage Africa [Member]
Significant Acquisitions and Disposals [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss					$ 19,000,000
Payments to Acquire Equity Method Investments				$ 150,000,000

ACQUISITIONS AND DIVESTITURES56

ACQUISITIONS AND DIVESTITURES (Details 2) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Coca-Cola Beverage Africa [Member]
Divestitures
Total assets		$ 398
Total liabilities		86
Others [Member]
Divestitures
Total assets	$ 17	19
Total liabilities	3
North America Territory [Member]
Divestitures
Total assets	1,247	589
Total liabilities	224	123
China Bottling Operation [Member]
Divestitures
Total assets	1,533
Total liabilities	483
Total Bottling Operations Held for Sale
Divestitures
Cash, cash equivalents and short-term investments	49	143
Trade Accounts Receivable, less allowances	43	485
Inventories	264	276
Prepaid expenses and other assets	114	83
Equity Method Investments	1	92
Other Investments	42	0
Other Assets	17	25
Property, plant and equipment - net	1,780	2,021
Bottlers' franchise rights with indefinite lives	1,388	1,020
Goodwill	390	333
Other Intangible Assets, Held for Sale	51	115
Allowance for reduction of assets, held for sale	(1,342)	(693)
Total assets	2,797	3,900
Accounts payable and accrued expenses	393	712
Current maturities of long term debt	0	12
Accrued income taxes	13	4
Long-term debt	0	74
Other liabilities	1	79
Deferred income taxes	303	252
Total liabilities	$ 710	1,133
Brazilian Bottling Operations
Divestitures
Equity Method Investment, Ownership Percentage	34.00%
Coca-Cola European Partners [Member]
Divestitures
Total assets		2,894
Total liabilities		$ 924

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Trading Securities
Trading securities, net unrealized gains (losses)	$ 39	$ 19	$ 40
Marketable securities	282	229
Other assets	102	93
Trading Securities	$ 384	$ 322

INVESTMENTS (Details 2)

INVESTMENTS (Details 2) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Available-for-sale securities, by type
Available-for-sale securities, cost	$ 5,952	$ 8,166
Available-for-sale Securities, Accumulated Gross Unrealized Gain	514	549
Available-for-sale Securities, Accumulated Gross Unrealized Loss	(53)	(109)
Available-for-sale securities, estimated fair value	6,413	8,606
Equity securities
Available-for-sale securities, by type
Available-for-sale securities, cost	1,252	3,573
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain	425	485
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss	(22)	(84)
Available-for-sale securities, estimated fair value	1,655	3,974
Debt securities
Available-for-sale securities, by type
Available-for-sale securities, cost	4,700	4,593
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain	89	64
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss,	(31)	(25)
Available-for-sale securities, estimated fair value	$ 4,758	$ 4,632

INVESTMENTS (Details 3)

INVESTMENTS (Details 3) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Proceeds from Sale of Available-for-sale Securities	$ 11,540	$ 4,043	$ 4,157
Gross realized gains	152	103	38
Gross realized losses	(51)	(42)	$ (21)
Available-for-Sale Securities
Schedule of Available-for-sale Securities [Line Items]
Solvency Funds of Insurance Captive	$ 985	$ 804

INVESTMENTS (Details 4)

INVESTMENTS (Details 4) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Available-for-sale and held-to-maturity securities by balance sheet line item
Cash and cash equivalents	$ 8,555	$ 7,309	$ 8,958	$ 10,414
Marketable securities	4,051	4,269
OTHER INVESTMENTS	989	3,470
OTHER ASSETS	4,248	4,110
Available-for-sale securities	6,413	8,606
Available-for-Sale Securities
Available-for-sale and held-to-maturity securities by balance sheet line item
Cash and cash equivalents	682	361
Marketable securities	3,769	4,040
OTHER INVESTMENTS	849	3,280
OTHER ASSETS	1,113	925
Available-for-sale securities	$ 6,413	$ 8,606

INVESTMENTS (Details 5)

INVESTMENTS (Details 5) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, within 1 year, cost	$ 1,900
Available-for-sale securities, within 1 year, fair value	1,900
Available-for-sale securities, after 1 years through 5 years, cost	2,324
Available-for-sale securities, after 1 years through 5 years, fair value	2,352
Available-for-sale securities, after 5 years through 10 years, cost	176
Available-for-sale securities, after 5 years through 10 years, fair value	194
Available-for-sale securities, after 10 years, cost	300
Available-for-sale securities, after 10 years, fair value	312
Cost Method Investments [Abstract]
Cost method investments, carrying value	$ 140	$ 190

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Inventory balances
Raw materials and packaging	$ 1,565	$ 1,564
Finished goods	844	1,032
Other	266	306
Total inventories	$ 2,675	$ 2,902

HEDGING TRANSACTIONS AND DERI63

HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	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	$ 565	$ 901
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	317	369
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value	178	410
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	109	249
Anticipated gains (losses) cash flows hedges, estimated reclassification to earnings	532
Increase (Decrease) in the carrying value of long-term debt, in relation to interest rate fair value hedge adjustment	(67)
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	400	572
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	284	105
Foreign currency contracts | Other assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivatives Designated as Hedging Instruments, Assets, at Fair Value	60	246
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	0	241
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	40	51
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	60	59
Foreign currency contracts | Other liabilities
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value	54	75
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	16	9
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	0	1
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	27	2
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	1	0
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	16	154
Commodity contracts | Other liabilities
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	1	19
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	0	20
Interest rate contracts | Other assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivatives Designated as Hedging Instruments, Assets, at Fair Value	105	62
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	36	53
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	8	0
Interest rate contracts | Other liabilities
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value	47	231
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	1	1
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	4	17
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	1	3
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	2	5
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	5	2
Cash Flow Hedges
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(37)	835	$ 625
Cash Flow Hedges | Foreign currency contracts
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	6,074	10,383
Cash Flow Hedges | Currency Swap [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	1,851	566
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		$ (92)
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer		10 years
Cash Flow Hedges | Commodity contracts
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	12	$ 8
Cash Flow Hedges | Interest Rate Swap [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	1,500	3,328
Cash Flow Hedges | Interest expense | Foreign currency contracts
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	0	18
Cash Flow Hedges | Interest expense | Interest rate contracts
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(126)	(153)	(180)
Fair Value Hedges | Available-for-Sale Securities
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	1,163	2,159
Fair Value Hedges | Interest Rate Swap [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	6,158	7,963
Net Investment Hedges
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	11,213	12,259
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	67	637	80
Net Investment Hedges | Foreign currency contracts
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	100	1,347
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(237)	661	$ 80
Not Designated as Hedging Instrument [Member] | Foreign currency contracts
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	5,276	3,605
Not Designated as Hedging Instrument [Member] | Commodity contracts
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	$ 447	$ 893

HEDGING TRANSACTIONS AND DERI64

HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash Flow Hedges
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in OCI	$ (37)	$ 835	$ 625
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	572	625	50
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(9)	13	0
Cash Flow Hedges | Interest rate contracts | Interest expense
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in OCI	(126)	(153)	(180)
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(17)	(3)	0
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(2)	1	0
Cash Flow Hedges | Foreign currency contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	6,074	10,383
Cash Flow Hedges | Foreign currency contracts | Net operating revenues
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in OCI	69	949	973
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	567	618	121
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(3)	12	0
Cash Flow Hedges | Foreign currency contracts | Interest expense
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in OCI	0	18
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(9)	(9)
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	0	0
Cash Flow Hedges | Foreign currency contracts | Other income (loss) - net
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in OCI	13	(38)	(218)
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(3)	(40)	(108)
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(3)	0	0
Cash Flow Hedges | Foreign currency contracts | Cost of goods sold
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in OCI	8	60	50
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	35	62	34
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(1)	0	0
Cash Flow Hedges | Currency Swap [Member]
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	1,851	566
Gain (Loss) Recognized in OCI		(92)
Cash Flow Hedges | Commodity contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	12	8
Cash Flow Hedges | Commodity contracts | Cost of goods sold
Gains and (losses) related to derivative instruments
Gain (Loss) Recognized in OCI	(1)	(1)	0
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(1)	(3)	3
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)	14	(24)	(4)
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)	18	(3)	29
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)	(4)	(21)	(33)
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)	170	(172)	18
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)	69	110	132
Fair Value Hedges | Available-for-Sale Securities
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	1,163	2,159
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)	(73)	(131)	(165)
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)	(152)	169	11
Net Investment Hedges
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	11,213	12,259
Gain (Loss) Recognized in OCI	67	637	80
Net Investment Hedges | Foreign currency contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	100	1,347
Gain (Loss) Recognized in OCI	(237)	661	80
Net Investment Hedges | Foreign currency denominated debt [Domain]
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	11,113	10,912
Gain (Loss) Recognized in OCI	304	(24)	0
CCEAG [Member]
Gains and (losses) related to derivative instruments
Gain (Loss) on Derivative Used in Net Investment Hedge, Net of Tax	(77)
Derivatives Not Designated as Hedging Instruments
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	(156)	(334)	(163)
Derivatives Not Designated as Hedging Instruments | Interest rate contracts | Interest expense
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	(39)	0	0
Derivatives Not Designated as Hedging Instruments | Foreign currency contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	5,276	3,605
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	(45)	41	(6)
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	(168)	(92)	(85)
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	4	3	0
Derivatives Not Designated as Hedging Instruments | Commodity contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	447	893
Derivatives Not Designated as Hedging Instruments | Commodity contracts | Net operating revenues
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	10	(16)	(48)
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	75	(209)	(8)
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	6	(25)	(79)
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	(15)	(37)	39
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	$ 16	$ 1	$ 24

EQUITY METHOD INVESTMENTS (Deta

EQUITY METHOD INVESTMENTS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Equity method investments, disclosures
Investment in equity method investees in excess of the proportionate share of net assets	$ 6,792
Summarized financial information - Income statement
Equity income (loss) - net	835	$ 489	$ 769
Summarized financial information - Balance sheet
Equity Method Investments	16,260	12,318
Other Equity Method Investees [Member]
Summarized financial information - Income statement
Net operating revenues	58,054	47,498	52,627
Cost of goods sold	34,338	28,749	31,810
Gross profit	23,716	18,749	20,817
Operating income	5,652	4,483	4,489
Consolidated net income	2,967	2,299	2,440
Less: Net income attributable to noncontrolling interests	78	65	74
Net income attributable to common shareowners	2,889	2,234	2,366
Summarized financial information - Balance sheet
Current Assets	19,586	17,524
Noncurrent assets	58,529	36,498
Total assets	78,115	54,022
Current liabilities	16,125	11,820
Noncurrent liabilities	25,610	14,467
Total liabilities	41,735	26,287
Equity attributable to shareowners of investees	35,204	26,854
Equity attributable to noncontrolling interests	1,176	881
Total Equity	36,380	27,735
Equity Method Investments	16,260	12,318
Other Equity Method Investments
Summary of significant transactions with equity method investees
Concentrate, syrup and finished product sales	10,495	8,984	10,063
Purchases of finished product	1,857	1,131	381
Marketing payments made by us	$ 946	$ 1,380	$ 1,605
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)	23.00%
Coca-Cola Amatil
Equity method investments, disclosures
Ownership interest in Equity investee (as a percent)	29.00%
CCEP [Member]
Equity method investments, disclosures
Ownership interest in Equity investee (as a percent)	18.00%
Monster Beverage Corporation [Member]
Equity method investments, disclosures
Ownership interest in Equity investee (as a percent)	18.00%

EQUITY METHOD INVESTMENTS (De66

EQUITY METHOD INVESTMENTS (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Difference between quoted market value and carrying value	$ 6,179
Total net receivables due	1,696	$ 1,399
Dividends received	386	$ 367	$ 398
Retained Earnings, Undistributed Earnings from Equity Method Investees	3,839
CCEP [Member]
Schedule of Equity Method Investments [Line Items]
Difference between quoted market value and carrying value	$ (462)

PROPERTY, PLANT AND EQUIPMENT67

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment
Property, plant and equipment, gross	$ 21,256	$ 22,354
Less accumulated depreciation	10,621	9,783
Property, plant and equipment-net	10,635	12,571	$ 14,633
Land
Property, Plant and Equipment
Property, plant and equipment, gross	589	717
Buildings and improvements
Property, Plant and Equipment
Property, plant and equipment, gross	4,574	4,914
Machinery equipment and vehicle fleet
Property, Plant and Equipment
Property, plant and equipment, gross	$ 16,093	$ 16,723

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) $ in Millions	6 Months Ended	12 Months Ended
	Jul. 03, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Indefinite-lived Intangible Assets
Indefinite-lived intangible assets		$ 20,530	$ 23,442
Definite-lived Intangible Assets
Gross carrying amount		1,286	1,405
Accumulated amortization		(688)	(715)
Net definite-lived intangible assets		598	690
Total amortization expense for intangible assets subject to amortization		139	156	$ 168
Amortization Expense
2,017		111
2,018		65
2,019		63
2,020		57
2,021		48
Trademarks
Indefinite-lived Intangible Assets
Indefinite-lived intangible assets		6,097	5,989
Definite-lived Intangible Assets
Gross carrying amount		228	211
Accumulated amortization		(64)	(44)
Net definite-lived intangible assets		164	167
Bottlers' Franchise Rights
Indefinite-lived Intangible Assets
Indefinite-lived intangible assets		3,676	6,000
Definite-lived Intangible Assets
Gross carrying amount		487	604
Accumulated amortization		(381)	(412)
Net definite-lived intangible assets		106	192
Goodwill
Indefinite-lived Intangible Assets
Indefinite-lived intangible assets		10,629	11,289
Other
Indefinite-lived Intangible Assets
Indefinite-lived intangible assets		128	164
Definite-lived Intangible Assets
Gross carrying amount		179	97
Accumulated amortization		(58)	(60)
Net definite-lived intangible assets		121	37
Customer Relationships
Definite-lived Intangible Assets
Gross carrying amount		392	493
Accumulated amortization		(185)	(199)
Net definite-lived intangible assets		207	294
Dr Pepper Snapple Group [Member]
Indefinite-lived Intangible Assets
Indefinite-Lived License Agreements		$ 576	652
Remaining Term of License Agreement		14
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	$ 298	$ 640
Term of License Agreement		20 years

INTANGIBLE ASSETS (Details 2)

INTANGIBLE ASSETS (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Goodwill by operating segment
Balance as of January 1	$ 11,289	$ 12,100
Effect of foreign currency translation	(33)	(164)
Acquisitions	6	27
Adjustments related to the finalization of purchase accounting	10	4
Impairment	(10)	(4)
Divestitures, deconsolidations and other	(633)	(674)
Balance as of December 31	10,629	11,289
Europe, Middle East and Africa
Goodwill by operating segment
Balance as of January 1	638	746
Effect of foreign currency translation	(10)	(105)
Acquisitions	0	0
Adjustments related to the finalization of purchase accounting	0	0
Impairment	0	0
Divestitures, deconsolidations and other	0	(3)
Balance as of December 31	628	638
Latin America
Goodwill by operating segment
Balance as of January 1	123	147
Effect of foreign currency translation	(6)	(24)
Acquisitions	0	0
Adjustments related to the finalization of purchase accounting	0	0
Impairment	0	0
Divestitures, deconsolidations and other	0	0
Balance as of December 31	117	123
North America
Goodwill by operating segment
Balance as of January 1	8,311	8,568
Effect of foreign currency translation	0	0
Acquisitions	0	26
Adjustments related to the finalization of purchase accounting	10	0
Impairment	0	0
Divestitures, deconsolidations and other	0	(283)
Balance as of December 31	8,321	8,311
Asia Pacific
Goodwill by operating segment
Balance as of January 1	133	131
Effect of foreign currency translation	(11)	2
Acquisitions	6	0
Adjustments related to the finalization of purchase accounting	0	0
Impairment	0	0
Divestitures, deconsolidations and other	0	0
Balance as of December 31	128	133
Bottling Investments
Goodwill by operating segment
Balance as of January 1	2,084	2,508
Effect of foreign currency translation	(6)	(37)
Acquisitions	0	1
Adjustments related to the finalization of purchase accounting	0	4
Impairment	(10)	(4)
Divestitures, deconsolidations and other	(633)	(388)
Balance as of December 31	$ 1,435	$ 2,084

ACCOUNTS PAYABLE AND ACCRUED 70

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
ACCOUNTS PAYABLE AND ACCRUED EXPENSES Disclosure [Abstract]
Accrued marketing	$ 2,186	$ 2,186
Trade accounts payable	2,682	2,795
Other accrued expenses	2,593	2,430
Accrued compensation	857	936
Deferred Tax Liabilities	692	743
Sales, payroll and other taxes	372	444
Container deposits	108	126
Accounts payable and accrued expenses	$ 9,490	$ 9,660

DEBT AND BORROWING ARRANGEMEN71

DEBT AND BORROWING ARRANGEMENTS (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Short-term Debt [Line Items]
Commercial paper borrowings outstanding	$ 12,330	$ 13,035
Weighted-average interest rates for commercial paper outstanding (as a percent)	0.80%	0.50%
Line of Credit Facility	$ 9,598
Lines of credit for general corporate purposes	8,170
International
Short-term Debt [Line Items]
Line of Credit Facility	$ 168

DEBT AND BORROWING ARRANGEMEN72

DEBT AND BORROWING ARRANGEMENTS (Details 2) € in Millions, SFr in Millions, AUD in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2016EUR (€)	Dec. 31, 2016AUD	Dec. 31, 2015USD ($)	Dec. 31, 2015EUR (€)	Dec. 31, 2015CHF (SFr)	Dec. 31, 2014USD ($)
Long-term debt
Issuance of long term debt	$ 3,725	€ 500	AUD 1,000	$ 4,000	€ 8,500	SFr 1,325	$ 3,537
Gains (Losses) on Extinguishment of Debt	(320)
Long-term Debt, Fair Value	$ 33,752			$ 31,308
Debt instrument Average Rate (as a percent)	1.70%			1.70%
Carrying value of long-term debt	$ 4,971
Long-term Debt	33,211			$ 30,987
Less current portion	3,527			2,676
Long-term debt non current	29,684			28,311
Total interest paid	663			515			498
Increase (Decrease) in Carrying Value of Long-term Debt Interest Rate Fair Value Hedge Adjustment	97			$ (47)
Maturities of Long-Term Debt
2,017	3,527
2,018	3,301
2,019	3,241
2,020	4,302
2,021	$ 2,318
Total principal notes due June 9, 2020 [Domain]
Long-term debt
Issuance of long term debt | AUD			450
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	2.60%
Total principal notes due June 11, 2024 [Domain]
Long-term debt
Issuance of long term debt | AUD			AUD 550
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.25%
Total principal notes due November 16, 2017 [Domain]
Long-term debt
Issuance of long term debt	$ 225
Variable interest rate used	P3M	P3M	P3M
Basis spread on variable rate used (as a percent)	0.05%	0.05%	0.05%
Total principal notes due May 30, 2019 [Domain]
Long-term debt
Issuance of long term debt	$ 1,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.375%
Total principal notes due September 1, 2021 [Domain]
Long-term debt
Issuance of long term debt	$ 1,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.55%
Total principal notes due June 1, 2026 [Domain]
Long-term debt
Issuance of long term debt	$ 500
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	2.55%
Total principal notes due September 1, 2026 [Domain]
Long-term debt
Issuance of long term debt	$ 1,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	2.25%
Total principal notes due September 2, 2036 [Domain]
Long-term debt
Issuance of long term debt | €		€ 500
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.10%
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
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate							1.125%
Total principal Euro notes due September 22, 2026 [Member]
Long-term debt
Issuance of long term debt							$ 1,522
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate							1.875%
Total principal notes due September 1, 2016 [Domain]
Long-term debt
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.80%
Total principal variable notes due November 1, 2016 [Domain]
Long-term debt
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	0.75%
Variable interest rate used	P3M	P3M	P3M
Basis spread on variable rate used (as a percent)	0.10%	0.10%	0.10%
Total principal notes due October 2, 2017 [Domain]
Long-term debt
Issuance of long term debt | SFr						200
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				0.00%
Total principal notes due December 22, 2022 [Domain]
Long-term debt
Issuance of long term debt | SFr						550
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				0.25%
Total principal notes due October 2, 2028 [Domain]
Long-term debt
Issuance of long term debt | SFr						SFr 575
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				1.00%
Total principal notes due March 9, 2017 [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%
Total principal notes due September 9, 2019 [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%
Total principal notes due March 9, 2023 [Domain]
Long-term debt
Issuance of long term debt | €					€ 1,500
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				0.75%
Total principal notes due March 9, 2027 [Domain]
Long-term debt
Issuance of long term debt | €					1,500
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				1.125%
Total principal notes due March 9, 2035 [Domain]
Long-term debt
Issuance of long term debt | €					€ 1,500
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				1.625%
Total principal notes dues October 27, 2017 [Domain]
Long-term debt
Issuance of long term debt				$ 750
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				0.875%
Total principal notes due October 27, 2020 [Domain]
Long-term debt
Issuance of long term debt				$ 1,500
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				1.875%
Total principal notes due October 27, 2025 [Domain]
Long-term debt
Issuance of long term debt				$ 1,750
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				2.875%
U.S. dollar notes due 2017-2093
Long-term debt
Debt instrument Average Rate (as a percent)	2.00%			2.10%
Long-term Debt	$ 16,922			$ 15,853
U.S. dollar debentures due 2017-2098
Long-term debt
Debt instrument Average Rate (as a percent)	4.10%			3.90%
Long-term Debt	$ 2,111			$ 2,122
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	$ 18			$ 23
Long-term Debt	$ 153			148
Australian dollar notes due 2020-2024 [Member]
Long-term debt
Debt instrument Average Rate (as a percent)	1.20%
Long-term Debt	$ 741			$ 0
Euro notes due 2017 - 2036 [Member]
Long-term debt
Debt instrument Average Rate (as a percent)	0.70%			0.70%
Long-term Debt	$ 11,567			$ 11,318
Swiss franc notes due 2017 - 2028 [Member]
Long-term debt
Debt instrument Average Rate (as a percent)	2.50%			0.90%
Long-term Debt	$ 1,304			$ 1,286
Other, due through 2098
Long-term debt
Debt instrument Average Rate (as a percent)	3.50%			4.20%
Long-term Debt	$ 316			$ 307
Other, due through 2031
Long-term debt
Long-term Debt	170
Assumed long term debt | Coca-Cola Enterprises Inc.
Long-term debt
Fair value adjustment related to the debt assumed	$ 361			411
Fair value adjustments weighted-average amortization period (in years)	21	21	21
upon maturity
Long-term debt
Extinguishment of long-term debt				3,500			$ 1,000
upon maturity | Total principal notes due September 1, 2016 [Domain]
Long-term debt
Extinguishment of long-term debt	$ 1,654
upon maturity | Total principal variable notes due November 1, 2016 [Domain]
Long-term debt
Extinguishment of long-term debt	500
upon maturity | Total principal fixed notes due November 1, 2016 [Domain] [Domain]
Long-term debt
Extinguishment of long-term debt	$ 500
Prior to Maturity
Long-term debt
Extinguishment of long-term debt				2,039
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%

COMMITMENTS AND CONTINGENCIES73

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	3 Months Ended	12 Months Ended
	Oct. 02, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Workforce (Unaudited)
Number of associates		100,300
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,017		$ 176
2,018		98
2,019		78
2,020		64
2,021		54
Thereafter		213
Total minimum operating lease payments		$ 683
North America
Workforce (Unaudited)
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		51,000
North America
Workforce (Unaudited)
Number of associates covered by collective bargaining agreements		16,300
Guarantees of indebtedness owed by third parties
Guarantees
Guarantees of indebtedness owed by third parties		$ 587
Guarantees of indebtedness related to VIEs		247
Risk Management Programs
Risk Management Programs
Self-insurance reserves		$ 527	$ 560
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, 2016	Dec. 31, 2015	Dec. 31, 2014
STOCK COMPENSATION PLANS [Abstract]
Total stock-based compensation expense	$ 258	$ 236	$ 209
Total income tax benefit recognized in consolidated statements of income for share-based compensation arrangements	71	$ 65	$ 57
Total unrecognized compensation cost related to nonvested share-based compensation arrangements granted	$ 267
Weighted-average period over which the total unrecognized compensation cost is expected to be recognized (in years)	1 year 5 months 21 days
Weighted-average assumptions used in the Black Scholes Merton option pricing model
Fair value of options at grant date (in dollars per share)	$ 4.17	$ 4.38	$ 3.91
Dividend yield (as a percent)	3.20%	3.10%	2.70%
Expected volatility (as a percent)	16.00%	16.00%	16.00%
Risk-free interest rate (as a percent)	1.50%	1.80%	1.60%
Expected term of the option (in years)	6 years	6 years	5 years
Share-based compensation disclosure
Granted (in shares)	9,000,000
Exercised (in shares)	(50,000,000)	(44,000,000)	(58,000,000)
Forfeited/expired (in shares)	(5,000,000)
Outstanding on December 31	220,000,000	266,000,000
Expected to vest	219,000,000
Granted, Weighted-Average Exercise Price (in dollars per share)	$ 43.52
Exercised, Weighted-Average Exercise Price (in dollars per share)	28.68
Forfeited/expired, Weighted-Average Exercise Price (in dollars per share)	37.18
Outstanding on December 31, Weighted-Average Exercise Price (in dollars per share)	33.70	$ 32.51
Expected to vest, Weighted-Average Exercise Price (in dollars per share)	$ 33.66
Expected to Vest, Weighted Average Remaining Contractual Life (in years)	5 years 1 month 4 days
Outstanding on December 31, 2016, Weighted-Average Remaining Contractual Life (in years)	5 years 1 month 10 days
Outstanding on December 31, 2016, Aggregate Intrinsic Value (in dollars)	$ 1,731
Expected to vest, Aggregate Intrinsic Value (in dollars)	$ 1,730
Exercisable on December 31, 2016	166,000,000
Exercisable on December 31, 2016 weighted average exercise price (in dollars per share)	$ 31.96
Exercisable on December 31, 2016, Weighted-Average Remaining Contractual Life (in years)	4 years 4 months 10 days
Exercisable on December 31, 2016, Aggregate Intrinsic Value (in dollars)	$ 1,580
Total intrinsic value of options exercised	$ 787	$ 594	$ 894
Number of Shares Available for Grant (in shares)	2,700,000
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
Summary disclosures
Outstanding performance share units at the Threshold Award Level (in shares)	3,100,000
Outstanding performance share units at the Maximum Award Level (in shares)	18,300,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other-than-Options Paid in Cash Equivalent in Period Value	$ 1.9		$ 0.2
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	3 years
CCE's North American business
Share-based compensation disclosure
Outstanding on December 31	700,000
Outstanding on December 31, Weighted-Average Exercise Price (in dollars per share)	$ 15.50
Expiration period of stock-based awards (in years)	10
Vesting period of stock-based awards (in years)	3 years
2014 Equity Plan
Share-based compensation disclosure
Common stock was approved to be issued or transferred through the grant of stock options (in shares)	500,000,000
Number of Shares Available for Grant (in shares)	448,300,000
Stock options granted from 1999 through July 2003
Share-based compensation disclosure
Expiration period of stock-based awards (in years)	15 years
Stock options granted in December 2003 and thereafter
Share-based compensation disclosure
Expiration period of stock-based awards (in years)	10 years
Performance share units
Summary disclosures
Granted	3,502,000
Paid in cash equivalent (in shares)	(52,545)		(5,403)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Paid in Cash Equivalent in Period, Weighted-average Grant Date Fair Value	$ 36.84
Canceled/forfeited (in shares)	(5,872,000)
Outstanding on December	9,773,000	12,196,000
Outstanding on January 1, 20161	$ 33.30
Grants in Period, Weighted Average Grant Date Fair Value	39.70	$ 37.99	$ 32.33
Canceled/forfeited, Weighted-Average Grant-Date Fair Value (in dollars per share)	32.96
Outstanding on December 31	$ 35.77	$ 33.30
Performance share units | Performance Period 2014 to 2016 [Member]
Summary disclosures
Performance share units outstanding based on the target award amounts (in shares)	4,830,000
Performance share units | Performance Period 2015 to 2017 [Member]
Summary disclosures
Performance share units outstanding based on the target award amounts (in shares)	1,640,000
Performance share units | Performance Period 2016 to 2018 [Member]
Summary disclosures
Performance share units outstanding based on the target award amounts (in shares)	3,303,000
Time-Based Restricted Stock Unit Awards
Summary disclosures
Performance share units outstanding based on the target award amounts (in shares)	770,244
Restricted stock award plan [Member]
Share-based compensation disclosure
Number of Shares Available for Grant (in shares)	200,000
Summary disclosures
Restricted shares units vested and released (in shares)	(7,101)	(130,017)	(6,773,934)
Restricted shares vested and released under performance share unit awards, total intrinsic value	$ 1	$ 5	$ 255

PENSION AND OTHER POSTRETIREM75

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Pension benefits
Changes in benefit obligations
Benefit obligation at January 1	$ 9,159	$ 10,346
Service cost	239	265
Interest cost	319	379
Foreign currency exchange rate changes	(38)	(309)
Amendments	17	6
Actuarial loss (gain)	441	(479)
Benefits paid	(346)	(353)
Business combinations	0	1
Divestitures	(16)	(218)
Settlements	(384)	(499)
Special termination benefits	37	21
Other	0	(1)
Benefit obligation at December 31	9,428	9,159
Fair value of plan assets
Fair value of plan assets at January 1	7,689	8,902
Actual return on plan assets	690	(44)
Employer contributions	718	121
Foreign currency exchange rate changes	(70)	(322)
Benefits paid	(270)	(270)
Divestitures	(16)	(206)
Settlements	(374)	(486)
Other	4	(6)
Fair value of plan assets at December 31	8,371	7,689
Net liability recognized	(1,057)	(1,470)
Accumulated benefit obligation for pension plans	9,141	8,868
Benefits paid from company assets for unfunded pension plans	76	83
Pension and other benefit amounts recognized in our consolidated balance sheets
Noncurrent asset	572	454
Current liability	(71)	(72)
Long-term liability	(1,558)	(1,852)
Net liability recognized	(1,057)	(1,470)
Projected benefit obligations in excess of the fair value of plan assets
Projected benefit obligation	7,907	7,767
Fair value of plan assets	6,303	5,865
Accumulated benefit obligations in excess of the fair value of plan assets
Accumulated benefit obligation	7,668	7,537
Fair value of plan assets	$ 6,257	5,846
U.S. Plan
Defined Benefit Plan Disclosure
Portion of projected pension benefit obligation represented by the defined benefit plan (as a percent)	58.00%
Portion of projected pension plan assets represented by the defined benefit plan (as a percent)	61.00%
Fair value of plan assets
Fair value of plan assets at January 1	$ 5,628
Fair value of plan assets at December 31	6,061	5,628
Non U. S. Plan
Fair value of plan assets
Fair value of plan assets at January 1	2,061
Fair value of plan assets at December 31	2,310	2,061
Other benefits
Changes in benefit obligations
Benefit obligation at January 1	940	1,006
Service cost	22	27
Interest cost	31	37
Foreign currency exchange rate changes	(2)	(14)
Amendments	(4)	(10)
Actuarial loss (gain)	20	(54)
Benefits paid	(64)	(59)
Business combinations	0	0
Divestitures	(2)	0
Settlements	0	0
Special termination benefits	2	2
Other	19	5
Benefit obligation at December 31	962	940
Fair value of plan assets
Fair value of plan assets at January 1	245	246
Actual return on plan assets	8	(3)
Employer contributions	0	0
Foreign currency exchange rate changes	0	0
Benefits paid	(3)	(3)
Divestitures	0	0
Settlements	0	0
Other	5	5
Fair value of plan assets at December 31	255	245
Net liability recognized	(707)	(695)
Benefits paid from company assets for unfunded pension plans	61	56
Pension and other benefit amounts recognized in our consolidated balance sheets
Noncurrent asset	0	0
Current liability	(23)	(21)
Long-term liability	(684)	(674)
Net liability recognized	$ (707)	$ (695)

PENSION AND OTHER POSTRETIREM76

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	$ 8,371	$ 7,689	$ 8,902
Defined Benefit Plan, Benefits Paid for Unfunded Plans	76	83
U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	6,061	5,628
Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	2,310	2,061
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	255	245	$ 246
Defined Benefit Plan, Benefits Paid for Unfunded Plans	61	56
Cash and cash equivalents | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	402	276
Cash and cash equivalents | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	229	222
Cash and cash equivalents | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	173	54
Cash and cash equivalents | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	2	8
Equity securities U.S.-based companies | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	1,827	1,563
Equity securities U.S.-based companies | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	1,208	1,118
Equity securities U.S.-based companies | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	619	445
Equity securities U.S.-based companies | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	116	116
Equity securities International-based companies | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	939	817
Equity securities International-based companies | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	451	398
Equity securities International-based companies | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	488	419
Equity securities International-based companies | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	8	6
Government bonds | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	526	737
Government bonds | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	395	442
Government bonds | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	131	295
Government bonds | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	3	80
Corporate bonds and debt securities | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	996	1,173
Corporate bonds and debt securities | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	854	1,037
Corporate bonds and debt securities | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	142	136
Corporate bonds and debt securities | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	6	8
Mutual, pooled and commingled funds | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	1,133	1,123
Mutual, pooled and commingled funds | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	693	713
Mutual, pooled and commingled funds | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	440	410
Mutual, pooled and commingled funds | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	103	15
Hedge funds/limited partnerships | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	1,213	764
Hedge funds/limited partnerships | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	1,172	723
Hedge funds/limited partnerships | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	41	41
Hedge funds/limited partnerships | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	9	5
Real estate | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	523	464
Real estate | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	521	462
Real estate | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	2	2
Real estate | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	4	3
Other | Pension benefits
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	812	772
Other | U.S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	538	513
Other | Non U. S. Plan
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	274	259
Other | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure
Fair Value of Plan Assets	$ 4	$ 4

PENSION AND OTHER POSTRETIREM77

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details 3)	12 Months Ended
	Dec. 31, 2016
U.S. Plan
Defined Benefit Plan Disclosure
Maximum portion of plan assets for which an investment manager is responsible (as a percent)	7.00%
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)	2.00%
Non U. S. Plan
Defined Benefit Plan Disclosure
Investment Strategy Allocation Targets For International Plans	27.00%
Target allocation, equity securities (as a percent)	1.00%
Target allocation, alternative investments (as a percent)	41.00%
Target allocation, fixed income securities (as a percent)	3.00%
Target allocation, mutual, pooled and commingled funds (as a percent)	55.00%
European and Canadian plans
Defined Benefit Plan Disclosure
Investment Strategy Allocation Targets For International Plans	73.00%
Target allocation, equity securities (as a percent)	60.00%
Target allocation, alternative investments (as a percent)	15.00%
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)	5.00%
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, 2016	Dec. 31, 2015	Dec. 31, 2014
Net periodic pension and other Postretirement benefit cost
Corridor Approach for Amortizing Actuarial Gains and Losses	10.00%
Settlement charge	$ 118
Changes in AOCI for our benefit plans, pretax
Comprehensive income reclassification of defined benefit plans for net prior service credit and actuarial gains or losses	342
Pension benefits
Net periodic pension and other Postretirement benefit cost
Service cost	239	$ 265	$ 261
Interest cost	319	379	406
Expected return on plan assets	(653)	(705)	(713)
Amortization of prior service cost (credit)	(2)	(2)	(2)
Amortization of actuarial loss	183	199	73
Net periodic benefit cost	86	136	25
Settlement charge	118	149	4
Special termination benefits	37	20	5
Defined Benefit Plan, Other Costs	(3)	0	0
Total cost recognized in the statement of income	238	305	34
Changes in AOCI for our benefit plans, pretax
Beginning balance in AOCI	(2,907)	(3,069)
Recognized prior service cost (credit)	(2)	(2)
Recognized net actuarial loss (gain)	301	348
Prior service credit (cost) arising in the current year	(17)	(6)
Net actuarial (loss) gain arising in the current year	(404)	(270)
Comprehensive income reclassification of defined benefit plans for net prior service credit and actuarial gains or losses	64	0
Foreign currency translation gain (loss)	33	92
Ending balance in AOCI	(2,932)	(2,907)	$ (3,069)
Prior service credit (cost)	(14)	3
Net actuarial loss	(2,918)	$ (2,910)
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	178
Amortization of prior service cost (credit)	0
Amortization of actuarial loss	$ 178
Weighted average assumptions used in computing the benefit obligations
Discount rate (as a percent)	4.00%	4.25%
Rate of increase in compensation levels (as a percent)	3.75%	3.50%
Weighted-average assumptions used in computing net periodic benefit cost
Discount rate (as a percent)	4.25%	3.75%	4.75%
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)	8.25%
The 5-year annualized return on plan assets (as a percent)	8.70%
The 10-year annualized return on plan assets (as a percent)	4.90%
The 15-year annualized return on plan assets (as a percent)	6.90%
Annualized return on plan assets since inception (as a percent)	10.60%
Other benefits
Net periodic pension and other Postretirement benefit cost
Service cost	$ 22	$ 27	$ 26
Interest cost	31	37	43
Expected return on plan assets	(11)	(11)	(11)
Amortization of prior service cost (credit)	(19)	(19)	(17)
Amortization of actuarial loss	7	10	2
Net periodic benefit cost	30	44	43
Settlement charge	0	0	0
Special termination benefits	1	2	0
Defined Benefit Plan, Other Costs	23	0	0
Total cost recognized in the statement of income	54	46	43
Changes in AOCI for our benefit plans, pretax
Beginning balance in AOCI	(26)	(67)
Recognized prior service cost (credit)	(28)	(19)
Recognized net actuarial loss (gain)	7	10
Prior service credit (cost) arising in the current year	4	10
Net actuarial (loss) gain arising in the current year	(6)	40
Comprehensive income reclassification of defined benefit plans for net prior service credit and actuarial gains or losses	0	0
Foreign currency translation gain (loss)	1	0
Ending balance in AOCI	(48)	(26)	$ (67)
Prior service credit (cost)	69	93
Net actuarial loss	(117)	$ (119)
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)	(20)
Amortization of actuarial loss	$ 8
Weighted average assumptions used in computing the benefit obligations
Discount rate (as a percent)	4.00%	4.25%
Weighted-average assumptions used in computing net periodic benefit cost
Discount rate (as a percent)	4.25%	3.75%	4.75%
Expected long-term rate of return on plan assets (as a percent)	4.75%	4.75%	4.75%
Other benefits | Impact of curtailments [Member]
Changes in AOCI for our benefit plans, pretax
Recognized prior service cost (credit)	$ 9
Other benefits | Actuarial gains arising due to impact of curtailments [Member]
Changes in AOCI for our benefit plans, pretax
Recognized prior service cost (credit)	$ 17

PENSION AND OTHER POSTRETIREM79

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details 5) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Estimated future benefit payments for funded and unfunded plans
2,017	$ 639
2,018	562
2,019	588
2,020	603
2,021	616
2022-2026	$ 3,229
Assumed health care cost trend rates
Health care cost trend rate assumed for the next year (as a percent)	7.00%	7.00%
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	2,021
Pension benefits
Estimated future benefit payments for funded and unfunded plans
2,017	$ 574
2,018	496
2,019	521
2,020	536
2,021	549
2022-2026	2,906
Other benefits
Estimated future benefit payments for funded and unfunded plans
2,017	65
2,018	66
2,019	67
2,020	67
2,021	67
2022-2026	323
Estimated federal subsidies expected to be received under the Medicare Prescription Drug, Improvement and Modernization Act of 2003, for the period 2017-2021	4
Estimated federal subsidies expected to be received under the Medicare Prescription Drug, Improvement and Modernization Act of 2003, for the period 2022-2026	3
United States Pension Plan of US Entity [Member]
Defined Benefit Plan Disclosure
Contributions expected to be made in next fiscal year	$ 106

PENSION AND OTHER POSTRETIREM80

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details 6) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Multi-Employer Plans
Pension expense for multi-employer plans	$ 41	$ 40	$ 38
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	$ 82	94	92
Defined contribution plan - Non U. S. Plan
Defined Contribution Plan Disclosures
Company costs associated with defined contribution plans	$ 37	$ 35	$ 36

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Mar. 31, 2017	Apr. 03, 2015	Dec. 31, 2014	Mar. 28, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Taxes [Abstract]
Income before income taxes, United States					$ 113	$ 1,801	$ 1,567
Income before income taxes, International					8,023	7,804	7,758
INCOME BEFORE INCOME TAXES					8,136	9,605	9,325
Income tax payments					1,554	2,357	1,926
Income tax expense (benefit)
Current income tax expense (benefit), United States					1,147	711	867
Deferred income tax expense (benefit), United States					(838)	120	(97)
Current income tax expense (benefit), State and Local					113	69	81
Deferred income tax expense (benefit), State and Local					(91)	45	(21)
Current income tax expense (benefit), International					1,182	1,386	1,293
Deferred income tax expense (benefit), International					73	(92)	78
Current income tax expense (benefit), total					2,442	2,166	2,241
Deferred income tax expense (benefit), total					$ (856)	$ 73	$ (40)
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%	1.20%	1.00%
Earnings in jurisdictions taxed at rates different from the statutory U.S. federal rate (as a percent)					(17.50%)	(12.70%)	(11.50%)
Equity income or loss (as a percent)					(3.00%)	(1.70%)	(2.20%)
Other operating charges (as a percent)					1.40%	1.20%	2.90%
Other - Net (as a percent)					2.40%	0.30%	(1.60%)
Effective Tax Rate (as a percent)					19.50%	23.30%	23.60%
Tax expense (benefit) related to uncertain tax positions, including interest and penalties, foreign					$ (68)		$ 18
Remeasurement Charges on Subsidiary Assets						$ 27	372
Our proportionate share of unusual or infrequent items recorded by our equity method investees					$ 61	87	$ 18
Uncertain tax positions, including interest and penalties, foreign (as a percent)					0.80%		0.20%
Income Tax Expense (Benefit) Unusual or Infrequent Items Transaction Gains (Losses)					$ (74)	(45)	$ 55
Receivables write-down, impairments and others charges					$ 309	225	$ 352
Pretax expenses (income) related to several transactions						$ (77)
Effective Income Tax Rate reconciliation related to other infrequent or unusual charges (as a percent)					3.40%	1.30%
Effective Income Tax Rate Reconciliation, net gains and other transactions (as a percentage)					0.40%	0.30%	1.90%
Tax expenses related to pre tax diverse charges					$ 753		$ 6
Effective Income Tax Rate Reconciliation, remeasurement and translation, Percent					0.30%	0.10%	1.50%
Income Tax expenses (benefit) of unusual or infrequent items recorded by our equity method investees					$ (11)	$ (5)
Effective tax rate impact of unusual or infrequent items recorded by our equity method investees (as a percent)					0.10%	0.30%
Income Tax Expense (Benefit) Unusual or Infrequent Items Productivity, Integration, Restructuring, Transaction Costs and other activities					$ (338)	$ (259)	$ (191)
Other infrequent or unusual charges net					189	150
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ (9)				1,323
Unusual or Infrequent Item Operating					$ 1,510	$ 1,657	$ 1,183
Effective tax impact of restructuring charges, asset impairments, transaction gains and others one-time items (as a percent)					1.00%	0.90%	1.00%
Effective Income Tax Rate Reconciliation, Tax Contingency, Domestic, Amount					$ 157
Effective Income Tax Rate Reconciliation, Tax Contingency, Domestic, Percent					1.90%
Litigation Settlement, Expense					$ 32
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Amount					105	$ 223	$ 265
Gross balance of unrecognized tax benefit
Beginning balance of unrecognized tax benefits	$ 302	$ 211		$ 230	168	211	230
Increase related to prior period tax positions					163	4	13
Decrease related to prior period tax positions					0	(9)	(2)
Increase related to current period tax positions					17	5	11
Decrease related to settlements with taxing authorities					(40)	(5)	(5)
Decrease due to lapse of the applicable statute of limitations					0	(23)	(32)
Increase (decrease) due to effect of foreign currency exchange rate changes					(6)	(15)	(4)
Ending balance of unrecognized tax benefits			$ 211		302	168	211
Alternative jurisdictional tax benefits if tax positions do not prevail					123
Impact of unrecognized tax benefits on effective tax rate if Company were to prevail on all uncertain tax positions					179
Unrecognized tax benefits, interest and penalties accrued			113		142	111	113
Unrecognized tax benefits, interest and penalties expense or (benefit)					31		8
Undistributed earnings of foreign subsidiaries					35,500
Corporate
Income Taxes [Abstract]
INCOME BEFORE INCOME TAXES					(454)	(618)	(1,823)
Reconciliation of the statutory U.S. federal tax rate and effective tax rates
Our proportionate share of unusual or infrequent items recorded by our equity method investees					9
Net Gains From Investee Transactions, Equity Investment Sales and other gains					18	1,403
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal					1,323
Cash Contribution Expense					200	100
Latin America
Income Taxes [Abstract]
INCOME BEFORE INCOME TAXES					1,966	2,164	2,319
Bottling Investments
Income Taxes [Abstract]
INCOME BEFORE INCOME TAXES					(1,923)	(427)	120
Reconciliation of the statutory U.S. federal tax rate and effective tax rates
Our proportionate share of unusual or infrequent items recorded by our equity method investees					$ 52	83	16
Effective Income Tax Rate Reconciliation, remeasurement and translation, Percent					1.40%
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal					$ (2,456)	(1,006)	(799)
Productivity and Reinvestment [Member]
Reconciliation of the statutory U.S. federal tax rate and effective tax rates
Unusual or Infrequent Item Operating					1,201	983	809
Venezuelan subsidiary
Reconciliation of the statutory U.S. federal tax rate and effective tax rates
Remeasurement Charges on Subsidiary Assets						27	372
Accounts Receivable Write-Down					76	$ 56	$ 296
Venezuelan subsidiary | Corporate
Reconciliation of the statutory U.S. federal tax rate and effective tax rates
Remeasurement Charges on Subsidiary Assets		$ 27	$ 146	$ 226
Venezuelan subsidiary | Latin America
Reconciliation of the statutory U.S. federal tax rate and effective tax rates
Accounts Receivable Write-Down					76
Egypt subsidiary
Reconciliation of the statutory U.S. federal tax rate and effective tax rates
Remeasurement Charges on Subsidiary Assets					72
Egypt subsidiary | Corporate
Reconciliation of the statutory U.S. federal tax rate and effective tax rates
Remeasurement Charges on Subsidiary Assets					72
South African bottling operations [Member] | Corporate
Reconciliation of the statutory U.S. federal tax rate and effective tax rates
Deconsolidation, Gain (Loss), Amount					$ (21)

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Property, plant and equipment	$ 144	$ 192
Trademarks and other intangible assets, deferred tax asset	114	68
Equity method investments (including foreign currency translation adjustment), deferred tax asset	684	694
Derivative financial instrument, deferred tax asset	193	161
Other liabilities, deferred tax asset	1,141	1,056
Benefit plans, deferred tax asset	1,599	1,541
Net operating/capital loss carryforwards, deferred tax asset	461	413
Other, deferred tax asset	135	175
Gross deferred tax assets	4,471	4,300
Valuation allowances	(530)	(477)
Total deferred tax assets	3,941	3,823
Deferred tax liabilities:
Property, plant and equipment	(1,176)	(1,887)
Trademarks and other intangible assets, deferred tax liabilities	(2,694)	(3,422)
Equity method investments (including foreign currency translation adjustment), deferred tax liability	(1,718)	(1,441)
Derivative financial instruments, deferred tax liabilities	(1,121)	(687)
Other liabilities, deferred tax liability	(149)	(216)
Benefit Plans, deferred tax liabilities	(487)	(367)
Other, deferred tax liability	(635)	(726)
Total deferred tax liabilities	(7,980)	(8,746)
Net deferred tax liabilities	(4,039)	(4,923)
Noncurrent deferred tax assets recorded in other assets	326	360
Current deferred tax assets recorded in prepaid expenses and other assets	80	151
Current deferred tax liabilities recorded in accounts payable and accrued expenses	692	743
Net deferred tax assets or (liabilities) located in countries outside the United States	83	$ 62
Loss carryforwards	4,320
Loss carryforwards expiring within next five years	$ 331

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Deferred tax asset valuation allowances
Balance at beginning of year	$ 477
Balance at end of year	530	$ 477
Net increase or (decrease) in valuation allowances	53	(172)	$ 63
Valuation Allowance of Deferred Tax Assets [Member]
Deferred tax asset valuation allowances
Balance at beginning of year	477	649	586
Additions	68	42	104
Decrease due to transfer to assets held for sale	(9)	163	0
Deductions	(6)	(51)	(41)
Balance at end of year	$ 530	$ 477	$ 649

OTHER COMPREHENSIVE INCOME (Det

OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
AOCI attributable to the shareowners of The Coca-Cola Company
Accumulated other comprehensive income (loss)	$ (11,205)	$ (10,174)
CONSOLIDATED NET INCOME	6,550	7,366	$ 7,124
Total comprehensive income	5,506	2,951	4,774
Foreign currency translation adjustments:
Translation adjustment arising during the year	(1,103)	(4,626)	(2,560)
Reclassification adjustments recognized in net income	445	63
Unrealized gains (losses) on net investment hedges arising during the year	67	637
Derivatives:
Reclassification adjustments recognized in net income	(563)
Available-for-sale securities:
Reclassification adjustments recognized in net income	(105)
Pension and other benefit liabilities:
Reclassification adjustments recognized in net income	342
Foreign currency translation adjustments:
Translation adjustment arising during the year	51	243	183
Reclassification adjustments recognized in the period	(48)	(14)
Unrealized gains (losses) on net investment hedges arising during the year	(25)	(244)
Derivatives:
Reclassification adjustments recognized in net income	213
Availiable-for-sale securities:
Reclassification adjustments recognized in net income	26
Pension and other benefits liabilities:
Reclassification adjustments recognized in net income	(120)
Foreign currency translation adjustments:
Translation adjustment arising during the year	(1,052)	(4,383)	(2,377)
Reclassification adjustments recognized in net income	397	49
Unrealized gains (losses) on net investment hedges arising during the year	42	393
Net foreign currency translation adjustment	(626)	(3,959)	(2,382)
Derivatives:
Reclassification adjustments recognized in net income	(350)
Net gain (loss) on derivatives	(382)	142	357
Available-for-sale securities:
Reclassification adjustments recognized in net income	(79)
Net change in unrealized gain (loss) on available-for-sale securities	17	(684)	714
Pension and other benefits liabilities:
Reclassification adjustments recognized in net income	222
Net change in pension and other benefit liabilities	(53)	86	(1,039)
Amortization of prior service cost (credit)	(30)
TOTAL EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY
AOCI attributable to the shareowners of The Coca-Cola Company
Foreign currency translation adjustment	(9,780)	(9,167)
Accumulated derivative net gains (losses)	314	696
Unrealized net gains (losses) on available-for-sale securities	305	288
Adjustments to pension and other benefit liabilities	(2,044)	(1,991)
Accumulated other comprehensive income (loss)	(11,205)	(10,174)
CONSOLIDATED NET INCOME	6,527
Total comprehensive income	5,496
Foreign currency translation adjustments:
Net foreign currency translation adjustment	(591)	(3,926)	(2,560)
Derivatives:
Unrealized gains (losses) arising during the year	(43)	853	620
Reclassification adjustments recognized in net income	(563)	(638)	(50)
Net gain (loss) on derivatives	(606)	215	570
Available-for-sale securities:
Unrealized gains (losses) arising during the year	124	(973)	1,139
Reclassification adjustments recognized in net income	(105)	(61)	(17)
Net change in unrealized gain (loss) in available-for-sale securities	19	(1,034)	1,122
Pension and other benefit liabilities:
Net pension and other benefits arising during the year	(374)	(169)	(1,666)
Reclassification adjustments recognized in net income	342	337	60
Net change in pension and other benefits liabilities	(32)	168	(1,606)
Other comprehensive income (loss) attributable to The Coca-Cola Company	(1,210)	(4,577)	(2,474)
Foreign currency translation adjustments:
Net foreign currency translation adjustment	(22)	(15)	183
Derivatives:
Unrealized gains (losses) arising during the year	11	(314)	(231)
Reclassification adjustments recognized in net income	213	241	18
Net gain (loss) on derivatives	224	(73)	(213)
Availiable-for-sale securities:
Unrealized gains (losses) arising during the year	(28)	328	(412)
Reclassification adjustments recognized in net income	26	22	4
Net change in unrealized gain (loss) on availiable-for-sale securities	(2)	350	(408)
Pension and other benefits liabilities:
Net pension and other benefits arising during the year	99	43	588
Reclassification adjustments recognized in net income	(120)	(125)	(21)
Net change in pension and other benefit liabilities	(21)	(82)	567
Other comprehensive income (loss) attributable to The Coca-Cola Company	179	180	129
Foreign currency translation adjustments:
Net foreign currency translation adjustment	(613)	(3,941)	(2,377)
Derivatives:
Unrealized gains (losses) arising during the year	(32)	539	389
Reclassification adjustments recognized in net income	(350)	(397)	(32)
Net gain (loss) on derivatives	(382)	142	357
Available-for-sale securities:
Unrealized gains (losses) arising during the year	96	(645)	727
Reclassification adjustments recognized in net income	(79)	(39)	(13)
Net change in unrealized gain (loss) on available-for-sale securities	17	(684)	714
Pension and other benefits liabilities:
Net pension and other benefits arising during the year	(275)	(126)	(1,078)
Reclassification adjustments recognized in net income	222	212	39
Net change in pension and other benefit liabilities	(53)	86	(1,039)
Other comprehensive income (loss) attributable to The Coca-Cola Company	(1,031)	$ (4,397)	$ (2,345)
Noncontrolling Interest [Member]
AOCI attributable to the shareowners of The Coca-Cola Company
CONSOLIDATED NET INCOME	23
Total comprehensive income	10
Foreign currency translation adjustments:
Net foreign currency translation adjustment	(13)
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
Recognized net actuarial loss (gain)
Pension and other benefit liabilities:
Reclassification adjustments recognized in net income	308
Interest Income [Member] | Foreign currency and interest rate contracts [Member]
Derivatives:
Reclassification adjustments recognized in net income	28
Net operating revenues | Foreign currency contracts
Derivatives:
Reclassification adjustments recognized in net income	(564)
Cost of goods sold | Foreign currency and commodities contracts [Member]
Derivatives:
Reclassification adjustments recognized in net income	(33)
Other Income [Member] | Divestitures, deconsolidations and other [Member]
Foreign currency translation adjustments:
Reclassification adjustments recognized in net income	445
Pension and other benefit liabilities:
Reclassification adjustments recognized in net income	64
Other Income [Member] | Foreign currency contracts
Derivatives:
Reclassification adjustments recognized in net income	6
Other Income [Member] | Available-for-Sale Securities
Available-for-sale securities:
Reclassification adjustments recognized in net income	(101)
Other Nonoperating Income (Expense) [Member] | Divestitures, deconsolidations and other [Member]
Available-for-sale securities:
Reclassification adjustments recognized in net income	(4)
Net Investment Hedges
Foreign currency translation adjustments:
Reclassification adjustments recognized in net income	368
Foreign currency translation adjustments:
Reclassification adjustments recognized in the period	(18)
Foreign currency translation adjustments:
Reclassification adjustments recognized in net income	350
Germany bottler deconsolidation [Member]
Foreign currency translation adjustments:
Reclassification adjustments recognized in net income	77
Foreign currency translation adjustments:
Reclassification adjustments recognized in the period	(30)
Foreign currency translation adjustments:
Reclassification adjustments recognized in net income	$ 47

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets and liabilities measured at fair value on a recurring basis
Trading securities	$ 384	$ 322
Available-for-sale securities	6,413	8,606
Derivative, Collateral, Obligation to Return Cash	201	184
Derivative, Collateral, Right to Reclaim Cash	17	17
Level 1
Assets and liabilities measured at fair value on a recurring basis
Trading securities	202	183
Available-for-sale securities	1,655	3,913
Derivatives	4	2
Total assets	1,861	4,098
Derivatives	11	24
Total liabilities	11	24
Level 2
Assets and liabilities measured at fair value on a recurring basis
Trading securities	115	101
Available-for-sale securities	4,619	4,574
Derivatives	878	1,268
Total assets	5,612	5,943
Derivatives	276	635
Total liabilities	276	635
Level 3
Assets and liabilities measured at fair value on a recurring basis
Trading securities	4	2
Available-for-sale securities	139	119
Derivatives	0	0
Total assets	143	121
Derivatives	0	0
Total liabilities	0	0
Other [Member]
Assets and liabilities measured at fair value on a recurring basis
Trading securities	63	36
Available-for-sale securities	0	0
Derivatives	0	0
Total assets	63	36
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	(369)	(638)
Total assets	(369)	(638)
Derivatives	(192)	(488)
Total liabilities	(192)	(488)
Fair Value Measurements
Assets and liabilities measured at fair value on a recurring basis
Trading securities	384	322
Available-for-sale securities	6,413	8,606
Derivatives	513	632
Total assets	7,310	9,560
Derivatives	95	171
Total liabilities	95	171
Prepaid expenses and other assets
Assets and liabilities measured at fair value on a recurring basis
Derivatives	347	79
Other assets
Assets and liabilities measured at fair value on a recurring basis
Derivatives	166	553
Accounts payable and accrued expenses
Assets and liabilities measured at fair value on a recurring basis
Derivatives	42
Other liabilities
Assets and liabilities measured at fair value on a recurring basis
Derivatives	53	171
Pension benefits
Assets and liabilities measured at fair value on a recurring basis
Defined Benefit Plan, Fair Value of Plan Assets	8,371	7,689	$ 8,902
Pension benefits | Cash and cash equivalents
Assets and liabilities measured at fair value on a recurring basis
Defined Benefit Plan, Fair Value of Plan Assets	$ 402	$ 276

FAIR VALUE MEASUREMENTS (Deta86

FAIR VALUE MEASUREMENTS (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets measured at fair value on a nonrecurring basis
Assets held for sale	$ (2,264)	$ (980)
Intangible assets	(153)	(473)
Investment in formerly unconsolidated subsidiary	0	(19)
Valuation of shares in equity method investee Gain (Loss)	0	(6)	$ (32)
Total	(2,417)	(1,478)
Goodwill, Impairment Loss	10	$ 4
Percentage of shares sold or to be sold through options		10.00%
Impairment of Intangible Assets (Excluding Goodwill)	$ 143
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		$ 55
Corporate
Assets measured at fair value on a nonrecurring basis
Investment in formerly unconsolidated subsidiary		(19)
Valuation of shares in equity method investee Gain (Loss)		(6)	$ (32)
Impairment of Intangible Assets (Excluding Goodwill)		$ 418

FAIR VALUE MEASUREMENTS (Deta87

FAIR VALUE MEASUREMENTS (Details 3) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Pension Plans, Defined Benefit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	$ 8,371	$ 7,689	$ 8,902
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	402	276
Pension Plans, Defined Benefit [Member] | Equity securities US based companies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	1,827	1,563
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	939	817
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	526	737
Pension Plans, Defined Benefit [Member] | Corporate bonds and debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	996	1,173
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	1,133	1,123
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	1,213	764
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	523	464
Pension Plans, Defined Benefit [Member] | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	812	772
Other Postretirement Benefit Plan [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	255	245	$ 246
Other Postretirement Benefit Plan [Member] | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	2	8
Other Postretirement Benefit Plan [Member] | Equity securities US based companies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	116	116
Other Postretirement Benefit Plan [Member] | Equity securities International-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	8	6
Other Postretirement Benefit Plan [Member] | Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	3	80
Other Postretirement Benefit Plan [Member] | Corporate bonds and debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	6	8
Other Postretirement Benefit Plan [Member] | Mutual, pooled and commingled funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	103	15
Other Postretirement Benefit Plan [Member] | Hedge funds/limited partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	9	5
Other Postretirement Benefit Plan [Member] | Real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	4	3
Other Postretirement Benefit Plan [Member] | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	4	4
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	3,211	2,569
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	373	128
Level 1 | Pension Plans, Defined Benefit [Member] | Equity securities US based companies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	1,812	1,562
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	935	802
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 bonds and debt securities
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	91	77
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 Benefit Plan [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	224	210
Level 1 | Other Postretirement Benefit Plan [Member] | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	2	1
Level 1 | Other Postretirement Benefit Plan [Member] | Equity securities US based companies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	116	116
Level 1 | Other Postretirement Benefit Plan [Member] | Equity securities International-based companies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	8	6
Level 1 | Other Postretirement Benefit Plan [Member] | Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	77
Level 1 | Other Postretirement Benefit Plan [Member] | Corporate bonds and debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 1 | Other Postretirement Benefit Plan [Member] | Mutual, pooled and commingled funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	98	10
Level 1 | Other Postretirement Benefit Plan [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 | Other Postretirement Benefit Plan [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 | Other Postretirement Benefit Plan [Member] | 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	1,560	2,084
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	29	148
Level 2 | Pension Plans, Defined Benefit [Member] | Equity securities US based companies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	1	0
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	4	5
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	525	736
Level 2 | Pension Plans, Defined Benefit [Member] | Corporate bonds and debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	978	1,171
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	20	15
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	0	0
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	0
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	3	9
Level 2 | Other Postretirement Benefit Plan [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	9	18
Level 2 | Other Postretirement Benefit Plan [Member] | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	7
Level 2 | Other Postretirement Benefit Plan [Member] | Equity securities US based companies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Level 2 | Other Postretirement Benefit Plan [Member] | 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 Benefit Plan [Member] | 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 Benefit Plan [Member] | Corporate bonds and debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	6	8
Level 2 | Other Postretirement Benefit Plan [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	0
Level 2 | Other Postretirement Benefit Plan [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 2 | Other Postretirement Benefit Plan [Member] | 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 Benefit Plan [Member] | 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	246	235
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	235	392
Actual return on plan assets:
Related to assets still held at the reporting date	13	0
Related to assets sold during the year	1	(4)
Purchases, sales and settlements-net	(11)	(83)
Transfers into/(or out) of Level 3-net	10	(25)
Foreign currency translation adjustments	(2)	(45)
Balance at the end of the period	246	235
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	11	17
Actual return on plan assets:
Related to assets still held at the reporting date	4	(6)
Related to assets sold during the year	0	0
Purchases, sales and settlements-net	0	0
Transfers into/(or out) of Level 3-net	(1)	0
Foreign currency translation adjustments	0	0
Balance at the end of the period	14	11
Level 3 | Pension Plans, Defined Benefit [Member] | Equity securities US based companies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	14	1
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	0	10
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	1
Level 3 | Pension Plans, Defined Benefit [Member] | Corporate bonds and debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	18	2
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	0
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	3	36
Actual return on plan assets:
Related to assets still held at the reporting date	2	1
Related to assets sold during the year	(2)	(4)
Purchases, sales and settlements-net	12	(6)
Transfers into/(or out) of Level 3-net	4	(24)
Foreign currency translation adjustments	0	0
Balance at the end of the period	19	3
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	0	0
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	2	2
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	2	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	0	0
Transfers into/(or out) of Level 3-net	0	2
Foreign currency translation adjustments	0	0
Balance at the end of the period	2	2
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	211	219
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	219	339
Actual return on plan assets:
Related to assets still held at the reporting date	7	5
Related to assets sold during the year	3	0
Purchases, sales and settlements-net	(23)	(77)
Transfers into/(or out) of Level 3-net	7	(3)
Foreign currency translation adjustments	(2)	(45)
Balance at the end of the period	211	219
Other | Pension Plans, Defined Benefit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	3,354	2,801
Other | 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
Other | Pension Plans, Defined Benefit [Member] | Equity securities US based companies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Other | 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	0	0
Other | 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
Other | Pension Plans, Defined Benefit [Member] | Corporate bonds and debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Other | 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	1,022	1,031
Other | 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	1,213	764
Other | 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	521	462
Other | Pension Plans, Defined Benefit [Member] | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	598	544
Other | Other Postretirement Benefit Plan [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	22	17
Other | Other Postretirement Benefit Plan [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
Other | Other Postretirement Benefit Plan [Member] | Equity securities US based companies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Other | Other Postretirement Benefit Plan [Member] | 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
Other | Other Postretirement Benefit Plan [Member] | Government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Other | Other Postretirement Benefit Plan [Member] | Corporate bonds and debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	0	0
Other | Other Postretirement Benefit Plan [Member] | Mutual, pooled and commingled funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	5	5
Other | Other Postretirement Benefit Plan [Member] | Hedge funds/limited partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	9	5
Other | Other Postretirement Benefit Plan [Member] | Real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	4	3
Other | Other Postretirement Benefit Plan [Member] | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Plan Assets	$ 4	$ 4

FAIR VALUE MEASUREMENTS FAIR VA

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Details 4) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Other Fair Value Disclosures [Abstract]
Long-term Debt	$ 33,211	$ 30,987
Long-term Debt, Fair Value	$ 33,752	$ 31,308

SIGNIFICANT OPERATING AND NON89

SIGNIFICANT OPERATING AND NONOPERATING ITEMS (Details) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Mar. 31, 2017	Apr. 03, 2015	Dec. 31, 2014	Mar. 28, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Other Operating Charges
Other operating charges					$ 1,510	$ 1,657	$ 1,183
Other Restructuring Costs					297
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements					(118)
Asset Impairment Charges					153	473
Impairment of Intangible Assets (Excluding Goodwill)					143
Restructuring and transition of the Russian Juice operations							36
Goodwill, Impairment Loss					10	4
Non capitalizable transaction costs					41
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					61	87	18
Other Income (Loss) - Net
Other Nonoperating Income (Expense)					(1,234)	631	(1,263)
Gain (loss) on North America refranchised territories and/or bottler disposal	$ (9)				1,323
Foreign Currency Transaction Gain, before Tax						300
Remeasurement Charges on Subsidiary Assets						27	372
Cost incurred to convert bottling agreements					31
North America
Other Operating Charges
Productivity, integration and restructuring initiatives					134	141	157
Goodwill, Impairment Loss					0	0
Other Income (Loss) - Net
Cost incurred to convert bottling agreements					31
Corporate
Other Operating Charges
Productivity, integration and restructuring initiatives					105	246	124
Cash Contribution Expense					200	100
Impairment of Intangible Assets (Excluding Goodwill)						418
Non capitalizable transaction costs					32
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					9
Other Income (Loss) - Net
Net Gains From Investee Transactions, Equity Investment Sales and other gains					18	1,403
Gain (loss) on North America refranchised territories and/or bottler disposal					1,323
Latin America
Other Operating Charges
Productivity, integration and restructuring initiatives						7	20
Goodwill, Impairment Loss					0	0
Bottling Investments
Other Operating Charges
Productivity, integration and restructuring initiatives					322	596	335
Other Restructuring Costs					297
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements					(118)
Asset Impairment Charges					153
Restructuring and transition of the Russian Juice operations							42
Goodwill, Impairment Loss					10	4
Non capitalizable transaction costs					9
Equity Income (Loss) - Net
Our proportionate share of unusual or infrequent items recorded by our equity method investees					52	83	16
Other Income (Loss) - Net
Gain (loss) on North America refranchised territories and/or bottler disposal					(2,456)	(1,006)	(799)
Venezuelan subsidiary
Other Operating Charges
Asset Impairment Charges						111	314
Impairment of Intangible Assets (Excluding Goodwill)						55	18
Accounts Receivable Write-Down					76	56	296
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
Venezuelan subsidiary | Latin America
Other Operating Charges
Accounts Receivable Write-Down					76
South African bottling operations [Member] | Corporate
Other Income (Loss) - Net
Gain (Loss) on sale of investment in subsidiary					(21)
Egypt subsidiary
Other Income (Loss) - Net
Remeasurement Charges on Subsidiary Assets					72
Egypt subsidiary | Corporate
Other Income (Loss) - Net
Remeasurement Charges on Subsidiary Assets					72
Productivity and Reinvestment [Member]
Other Operating Charges
Productivity, integration and restructuring initiatives					352	691	601
Integration of German Bottling and Distribution Operation [Member]
Other Operating Charges
Productivity, integration and restructuring initiatives					$ 240	$ 292	$ 208

PRODUCTIVITY, INTEGRATION AND90

PRODUCTIVITY, INTEGRATION AND RESTRUCTURING INITIATIVES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Integration of German Bottling and Distribution Operation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	$ 1,367
Restructuring Reserve
Accrued balance as of December 31	122
Costs incurred	240	$ 292	$ 208
Accrued balance as of December 31		122
Productivity and Reinvestment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	2,408
Restructuring Reserve
Accrued balance as of December 31	204	285	112
Costs incurred	352	691	601
Payments	(349)	(512)	(402)
Noncash and exchange	(56)	(260)	(26)
Accrued balance as of December 31	151	204	285
Productivity and Reinvestment [Member] | Severance pay and benefits
Restructuring Reserve
Accrued balance as of December 31	144	260	88
Costs incurred	95	269	277
Payments	(114)	(200)	(103)
Noncash and exchange	(2)	(185)	(2)
Accrued balance as of December 31	123	144	260
Productivity and Reinvestment [Member] | Outside Services [Member]
Restructuring Reserve
Accrued balance as of December 31	8	4	6
Costs incurred	27	56	77
Payments	(30)	(47)	(79)
Noncash and exchange	1	(5)	0
Accrued balance as of December 31	6	8	4
Productivity and Reinvestment [Member] | Other direct costs [Member]
Restructuring Reserve
Accrued balance as of December 31	52	21	18
Costs incurred	230	366	247
Payments	(205)	(265)	(220)
Noncash and exchange	(55)	(70)	(24)
Accrued balance as of December 31	$ 22	$ 52	$ 21

OPERATING SEGMENTS (Details)

OPERATING SEGMENTS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Concentrate operations	40.00%	37.00%	38.00%
Finished products operations	60.00%	63.00%	62.00%
Sales Revenue Net Percentage	100.00%	100.00%	100.00%
Sales Revenue, Goods, Net	$ 41,863	$ 44,294	$ 45,998
Property, Plant and Equipment, Net	10,635	12,571	14,633
United States
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net	19,899	20,360	19,763
Property, Plant and Equipment, Net	6,784	8,266	8,683
International
Segment Reporting Information [Line Items]
Sales Revenue, Goods, Net	21,964	23,934	26,235
Property, Plant and Equipment, Net	$ 3,851	$ 4,305	$ 5,950

OPERATING SEGMENTS (Details 2)

OPERATING SEGMENTS (Details 2) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Mar. 31, 2017	Apr. 03, 2015	Dec. 31, 2014	Mar. 28, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net operating revenues:
Sales Revenue, Goods, Net					$ 41,863	$ 44,294	$ 45,998
Intersegment Revenue					0	0	0
Revenue for Reportable Segments					41,863	44,294	45,998
Operating Income (Loss)					8,626	8,728	9,708
Interest income					642	613	594
Interest expense					733	856	483
Depreciation and amortization					1,787	1,970	1,976
Equity income (loss) - net					835	489	769
Income (loss) before income taxes					8,136	9,605	9,325
Identifiable operating assets			$ 78,343		70,021	74,208	78,343
Investments			$ 13,625		17,249	15,788	13,625
Capital expenditures					2,262	$ 2,553	$ 2,406
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%
Other operating charges					1,510	$ 1,657	$ 1,183
Impairment of Intangible Assets (Excluding Goodwill)					143
Other Restructuring Costs					297
Non capitalizable transaction costs					41
Restructuring and transition of the Russian Juice operations							36
Asset Impairment Charges					153	473
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements					(118)
Our proportionate share of unusual or infrequent items recorded by our equity method investees					61	87	18
Cost incurred to convert bottling agreements					31
Gains (Losses) on Extinguishment of Debt					(320)
Remeasurement Charges on Subsidiary Assets						27	372
Gain (loss) on North America refranchised territories and/or bottler disposal	$ (9)				1,323
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss					0	19
Equity Method Investment, Realized Gain (Loss) on Disposal					0	(6)	(32)
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
Accounts Receivable Write-Down					76	56	296
Egypt subsidiary
Net operating revenues:
Remeasurement Charges on Subsidiary Assets					72
Europe, Middle East and Africa
Net operating revenues:
Sales Revenue, Goods, Net					7,014	6,966	7,574
Intersegment Revenue					264	621	692
Revenue for Reportable Segments					7,278	7,587	8,266
Operating Income (Loss)					3,676	3,875	3,936
Interest income					0	0	0
Interest expense					0	0	0
Depreciation and amortization					93	103	122
Equity income (loss) - net					62	39	66
Income (loss) before income taxes					3,749	3,923	4,017
Identifiable operating assets			$ 4,656		4,067	4,156	4,656
Investments			1,171		1,302	1,138	1,171
Capital expenditures					62	54	84
Productivity, integration and restructuring initiatives					32		137
Our proportionate share of unusual or infrequent items recorded by our equity method investees						4	2
Refinement of previously established accruals - credit						(9)
Latin America
Net operating revenues:
Sales Revenue, Goods, Net					3,746	3,999	4,597
Intersegment Revenue					73	75	60
Revenue for Reportable Segments					3,819	4,074	4,657
Operating Income (Loss)					1,951	2,169	2,316
Interest income					0	0	0
Interest expense					0	0	0
Depreciation and amortization					35	41	56
Equity income (loss) - net					18	(7)	10
Income (loss) before income taxes					1,966	2,164	2,319
Identifiable operating assets			2,426		1,785	1,627	2,426
Investments			757		804	657	757
Capital expenditures					45	70	55
Productivity, integration and restructuring initiatives						7	20
Gain (charges) related to subsidiary						(33)	(275)
Refinement of previously established accruals - credit					(2)
Latin America | Venezuelan subsidiary
Net operating revenues:
Accounts Receivable Write-Down					76
North America
Net operating revenues:
Sales Revenue, Goods, Net					6,437	5,581	4,975
Intersegment Revenue					3,773	4,259	4,296
Revenue for Reportable Segments					10,210	9,840	9,271
Operating Income (Loss)					2,582	2,366	2,243
Interest income					27	9	0
Interest expense					0	0	0
Depreciation and amortization					426	373	349
Equity income (loss) - net					(17)	(18)	(16)
Income (loss) before income taxes					2,560	2,356	2,228
Identifiable operating assets			16,844		16,566	16,396	16,844
Investments			34		109	107	34
Capital expenditures					438	377	367
Productivity, integration and restructuring initiatives					134	141	157
Cost incurred to convert bottling agreements					31
Asia Pacific
Net operating revenues:
Sales Revenue, Goods, Net					4,788	4,707	5,257
Intersegment Revenue					506	545	489
Revenue for Reportable Segments					5,294	5,252	5,746
Operating Income (Loss)					2,224	2,189	2,448
Interest income					0	0	0
Interest expense					0	0	0
Depreciation and amortization					80	85	96
Equity income (loss) - net					9	9	12
Income (loss) before income taxes					2,238	2,207	2,464
Identifiable operating assets			1,793		2,024	1,639	1,793
Investments			157		164	158	157
Capital expenditures					107	81	76
Productivity, integration and restructuring initiatives					1	2	36
Bottling Investments
Net operating revenues:
Sales Revenue, Goods, Net					19,751	22,885	23,459
Intersegment Revenue					134	178	192
Revenue for Reportable Segments					19,885	23,063	23,651
Operating Income (Loss)					(137)	124	213
Interest income					0	0	0
Interest expense					0	0	0
Depreciation and amortization					1,013	1,211	1,161
Equity income (loss) - net					648	426	691
Income (loss) before income taxes					(1,923)	(427)	120
Identifiable operating assets			23,197		15,973	22,688	23,197
Investments			8,795		11,456	8,084	8,795
Capital expenditures					1,329	1,699	1,554
Productivity, integration and restructuring initiatives					322	596	335
Other Restructuring Costs					297
Non capitalizable transaction costs					9
Restructuring and transition of the Russian Juice operations							42
Asset Impairment Charges					153
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements					(118)
Our proportionate share of unusual or infrequent items recorded by our equity method investees					52	83	16
Gain (loss) on North America refranchised territories and/or bottler disposal					(2,456)	(1,006)	(799)
Gain (charges) related to subsidiary							25
Corporate
Net operating revenues:
Sales Revenue, Goods, Net					127	156	136
Intersegment Revenue					5	10	0
Revenue for Reportable Segments					132	166	136
Operating Income (Loss)					(1,670)	(1,995)	(1,448)
Interest income					615	604	594
Interest expense					733	856	483
Depreciation and amortization					140	157	192
Equity income (loss) - net					115	40	6
Income (loss) before income taxes					(454)	(618)	(1,823)
Identifiable operating assets			29,427		29,606	27,702	29,427
Investments			2,711		3,414	5,644	2,711
Capital expenditures					281	272	270
Productivity, integration and restructuring initiatives					105	246	124
Impairment of Intangible Assets (Excluding Goodwill)						418
Non capitalizable transaction costs					32
Cash Contribution Expense					200	100
Net Gains From Investee Transactions, Equity Investment Sales and other gains					18	1,403
Our proportionate share of unusual or infrequent items recorded by our equity method investees					9
Gains (Losses) on Extinguishment of Debt						(320)
Gain (loss) on North America refranchised territories and/or bottler disposal					1,323
Gain (charges) related to subsidiary						(105)	(411)
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss						19
Equity Method Investment, Realized Gain (Loss) on Disposal						(6)	(32)
Corporate | Venezuelan subsidiary
Net operating revenues:
Remeasurement Charges on Subsidiary Assets		$ 27	146	$ 226
Corporate | Egypt subsidiary
Net operating revenues:
Remeasurement Charges on Subsidiary Assets					72
Corporate | South African bottling operations [Member]
Net operating revenues:
Gain (Loss) on sale of investment in subsidiary					(21)
Eliminations
Net operating revenues:
Sales Revenue, Goods, Net					0	0	0
Intersegment Revenue					(4,755)	(5,688)	(5,729)
Revenue for Reportable Segments					(4,755)	(5,688)	(5,729)
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, 2016	Dec. 31, 2015	Dec. 31, 2014
Net change in operating assets and liabilities
(Increase) decrease in trade accounts receivable	$ (28)	$ (212)	$ (253)
(Increase) decrease in inventories	(142)	(250)	35
(Increase) decrease in prepaid expenses and other assets	283	123	194
Increase (decrease) in accounts payable and accrued expenses	(540)	1,004	(250)
Increase (decrease) in accrued taxes	750	(306)	151
Increase (decrease) in other liabilities	(544)	(516)	(316)
Net change in operating assets and liabilities	$ (221)	$ (157)	$ (439)

SUBSEQUENT EVENT SUBSEQUENT E94

SUBSEQUENT EVENT SUBSEQUENT EVENT (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Subsequent Event [Line Items]
Gain (loss) on North America refranchised territories and/or bottler disposal	$ (9)	$ 1,323
Subsequent Event [Member]
Subsequent Event [Line Items]
Cash, cash equivalents and short-term investments	25
Trade Accounts Receivable, less allowances	178
Inventories	128
Prepaid expenses and other assets	28
Equity Method Investments	105
Other Assets	2
Property, plant and equipment - net	770
Bottlers' franchise rights with indefinite lives	1,717
Goodwill	544
Other intangible assets	80
Allowance for reduction of assets, held for sale	(9)
Total assets	3,568
Accounts payable and accrued expenses	261
Other liabilities	2
Deferred income taxes	963
Total liabilities	$ 1,226