The Coca-Cola Company (KO) 10-Q 26 Jul 18 2018 Q2 Quarterly report Financial data

Cover Memo Document

Cover Memo Document - shares	6 Months Ended
	Jun. 29, 2018	Jul. 23, 2018
Document 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-Q
Document Period End Date	Jun. 29, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		4,252,922,447

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Discontinued Operation, Tax Effect of Discontinued Operation		$ 16	$ 0	$ 56	$ 0
NET OPERATING REVENUES		8,927	9,702	16,553	18,820
Cost of goods sold		3,252	3,659	5,990	7,172
GROSS PROFIT		5,675	6,043	10,563	11,648
Selling, general and administrative expenses		2,723	3,180	5,264	6,532
Other operating charges		225	826	761	1,116
OPERATING INCOME		2,727	2,037	4,538	4,000
Interest income		170	165	335	320
Interest expense		241	231	471	423
Equity income (loss) - net		324	409	466	525
Other income (loss) - net		(97)	244	(152)	(291)
INCOME BEFORE INCOME TAXES		2,883	2,624	4,716	4,131
Income taxes		594	1,252	1,100	1,575
Net Income from Continuing Operations		2,289	1,372	3,616	2,556
Income from Discontinued Operations (net of income taxes)		42	0	115	0
CONSOLIDATED NET INCOME		2,331	1,372	3,731	2,556
Net Income (Loss) Attributable to Noncontrolling Interest		15	1	47	3
NET INCOME ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY		$ 2,316	$ 1,371	$ 3,684	$ 2,553
Income (Loss) from Continuing Operations, Per Basic Share		$ 0.54	$ 0.32	$ 0.85	$ 0.60
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share		0.01	0	0.02	0
BASIC NET INCOME PER SHARE (in dollars per share)		0.54	0.32	0.86	0.60
Income (Loss) from Continuing Operations, Per Diluted Share		0.53	0.32	0.84	0.59
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share		0.01	0	0.02	0
DILUTED NET INCOME PER SHARE (in dollars per share)		0.54	0.32	0.86	0.59
DIVIDENDS PER SHARE (in dollars per share)	[1]	$ 0.39	$ 0.37	$ 0.78	$ 0.74
AVERAGE SHARES OUTSTANDING (in shares)		4,255	4,273	4,260	4,280
Effect of dilutive securities (in shares)		35	54	38	50
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION (in shares)		4,290	4,327	4,298	4,330
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CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
CONSOLIDATED NET INCOME	$ 2,331	$ 1,372	$ 3,731	$ 2,556
Other comprehensive income:
Net foreign currency translation adjustment	(2,153)	(103)	(1,425)	818
Net gain (loss) on derivatives	68	(177)	52	(298)
Net unrealized gain (loss) on available-for-sale securities	(90)	5	(101)	164
Net change in pension and other benefit liabilities	282	(8)	316	33
TOTAL COMPREHENSIVE INCOME (LOSS)	438	1,089	2,573	3,273
Less: Comprehensive income (loss) attributable to noncontrolling interests	(142)	1	(51)	4
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY	$ 580	$ 1,088	$ 2,624	$ 3,269

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) shares in Millions, $ in Millions	Jun. 29, 2018	Dec. 31, 2017
Allowance for Doubtful Accounts Receivable, Current	$ 487	$ 477
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 8,284	$ 8,246
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	2,787	2,781
CURRENT ASSETS
Cash and cash equivalents	$ 7,975	$ 6,006
Short-term investments	5,843	9,352
TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS	13,818	15,358
Marketable securities	5,536	5,317
Trade accounts receivable, less allowances of $487 and $477, respectively	4,565	3,667
Inventories	2,881	2,655
Prepaid expenses and other assets	2,543	2,000
Assets held-for-sale	0	219
Assets held for sale, discontinued operations	6,681	7,329
TOTAL CURRENT ASSETS	36,024	36,545
EQUITY METHOD INVESTMENTS	20,604	20,856
OTHER INVESTMENTS	1,015	1,096
OTHER ASSETS	4,401	4,230
DEFERRED INCOME TAX ASSETS	2,999	330
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation of $8,284 and $8,246, respectively	7,688	8,203
TRADEMARKS WITH INDEFINITE LIVES	6,669	6,729
BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES	38	138
GOODWILL	9,863	9,401
OTHER INTANGIBLE ASSETS	292	368
TOTAL ASSETS	89,593	87,896
CURRENT LIABILITIES
Accounts payable and accrued expenses	10,842	8,748
Loans and notes payable	14,715	13,205
Current maturities of long-term debt	4,023	3,298
Accrued income taxes	362	410
Liabilities held-for-sale	0	37
Liabilities held for sale, discontinued operations	1,456	1,496
TOTAL CURRENT LIABILITIES	31,398	27,194
LONG-TERM DEBT	28,063	31,182
OTHER LIABILITIES	7,367	8,021
DEFERRED INCOME TAX LIABILITIES	2,589	2,522
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	16,117	15,864
Reinvested earnings	63,808	60,430
Accumulated other comprehensive income (loss)	(11,774)	(10,305)
Treasury stock, at cost — 2,787 and 2,781 shares, respectively	(51,588)	(50,677)
EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY	18,323	17,072
EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS	1,853	1,905
TOTAL EQUITY	20,176	18,977
TOTAL LIABILITIES AND EQUITY	$ 89,593	$ 87,896

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017
OPERATING ACTIVITIES
Consolidated net income	$ 3,731	$ 2,556
Income from Discontinued Operations (net of income taxes)	115	0
Net Income from Continuing Operations	3,616	2,556
Depreciation and amortization	553	629
Stock-based compensation expense	121	114
Deferred income taxes	5	620
Equity (income) loss - net of dividends	(147)	(303)
Foreign currency adjustments	(109)	33
Significant (gains) losses on sales of assets - net	98	259
Other operating charges	576	970
Other items	56	(68)
Net change in operating assets and liabilities	(2,161)	(1,468)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	2,608	3,342
INVESTING ACTIVITIES
Purchases of investments	(4,833)	(10,435)
Proceeds from disposals of investments	7,621	8,729
Acquisitions of businesses, equity method investments and nonmarketable securities	(218)	(520)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities	304	2,055
Purchases of property, plant and equipment	(612)	(832)
Proceeds from disposals of property, plant and equipment	62	42
Other investing activities	17	(240)
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	2,341	(1,201)
FINANCING ACTIVITIES
Issuances of debt	16,190	18,586
Payments of debt	(16,643)	(14,910)
Issuances of stock	600	917
Purchases of stock for treasury	(1,317)	(2,197)
Dividends	(1,662)	(1,584)
Other financing activities	(58)	(15)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	(2,890)	797
Cash Provided by (Used in) Operating Activities, Discontinued Operations	78	0
Cash Provided by (Used in) Investing Activities, Discontinued Operations	(87)	0
Cash Provided by (Used in) Financing Activities, Discontinued Operations	55	0
Net Cash Provided by (Used in) Discontinued Operations	46	0
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(109)	199
CASH AND CASH EQUIVALENTS
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period	1,996	3,137
Balance at beginning of period	6,373	8,850
Balance at end of period	8,369	11,987
Less: Restricted Cash and Restricted Cash Equivalents at end of period	394	269
Cash and cash equivalents	$ 7,975	$ 11,718

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 29, 2018
Summary of significant accounting policies
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. They do not include all information and notes required by U.S. GAAP for complete financial statements. However, except as disclosed herein, there has been no material change in the information disclosed in the Notes to Consolidated Financial Statements included in the Annual Report on Form 10-K of The Coca-Cola Company for the year ended December 31, 2017 . When used in these notes, the terms "The Coca-Cola Company," "Company," "we," "us" and "our" mean The Coca-Cola Company and all entities included in our condensed consolidated financial statements. In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 29, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018 . Sales of our nonalcoholic ready-to-drink beverages are somewhat seasonal, with the second and third calendar quarters accounting for the highest sales volumes. The volume of sales in the beverage business may be affected by weather conditions. Each of our interim reporting periods, other than the fourth interim reporting period, ends on the Friday closest to the last day of the corresponding quarterly calendar period. The second quarter of 2018 and the second quarter of 2017 ended on June 29, 2018 and June 30, 2017 , respectively. Our fourth interim reporting period and our fiscal year end on December 31 regardless of the day of the week on which December 31 falls. Certain prior year amounts in the condensed consolidated financial statements and accompanying notes have been revised to conform to the current year presentation as a result of the adoption of accounting standards that became effective January 1, 2018, as applicable. Refer to the "Recently Adopted Accounting Guidance" section within this note below for further details. Advertising Costs The Company's accounting policy related to advertising costs for annual reporting purposes is to expense 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. 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 that benefit multiple interim periods 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 goods from our manufacturing locations to our sales distribution centers are included in the line item cost of goods sold in our condensed consolidated statements of income. Shipping and handling costs incurred to move goods from our manufacturing locations or sales distribution centers to our customers are also included in the line item cost of goods sold in our condensed consolidated statements of income, except for costs incurred to distribute goods sold by our Company-owned bottlers to our customers, which are included in the line item selling, general and administrative expenses. Our customers generally do not pay us separately for shipping and handling costs. Effective January 1, 2018 , we adopted Accounting Standards Codification 606, Revenue from Contracts with Customers ("ASC 606") . Upon adoption, we made a policy election to recognize the cost of shipping and handling activities that are performed after a customer obtains control of the goods as costs to fulfill our promise to provide goods to the customer. As a result of this election, the Company does not evaluate whether shipping and handling activities are services promised to customers. If revenue is recognized for the related goods before the shipping and handling activities occur, the related costs of those shipping and handling activities are accrued. Refer to Note 3 for additional information regarding revenue recognition. Sales, Use, Value-Added and Excise Taxes The Company collects taxes imposed directly on its customers related to sales, use, value-added, excise and other similar taxes. The Company then remits such taxes on behalf of its customers to the applicable governmental authorities. Upon adoption of ASC 606, we made a policy election to exclude from net operating revenues the tax amounts imposed on revenue-producing transactions that were collected from our customers to be remitted to governmental authorities. Accordingly, such tax amounts are recorded in the line item trade accounts receivable in our consolidated balance sheet when collection of taxes from the customer has not yet occurred and are recorded in the line item accounts payable and accrued expenses in our consolidated balance sheet until they are remitted to the applicable governmental authorities. Taxes imposed directly on the Company, whether based on receipts from sales, inventory procurement costs, or manufacturing activities, are recorded in the line item cost of goods sold in our consolidated statement of income. Refer to Note 3 for additional information regarding revenue recognition. Net Income The following table presents information related to net income from continuing operations and net income from discontinued operations (in millions): Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 CONTINUING OPERATIONS Net income from continuing operations $ 2,289 $ 1,372 $ 3,616 $ 2,556 Less: Net income (loss) from continuing operations attributable to noncontrolling interests (1 ) 1 2 3 Net income from continuing operations attributable to shareowners of The Coca-Cola Company $ 2,290 $ 1,371 $ 3,614 $ 2,553 DISCONTINUED OPERATIONS Net income from discontinued operations $ 42 $ — $ 115 $ — Less: Net income from discontinued operations attributable to noncontrolling interests 16 — 45 — Net income from discontinued operations attributable to shareowners of $ 26 $ — $ 70 $ — CONSOLIDATED Consolidated net income $ 2,331 $ 1,372 $ 3,731 $ 2,556 Less: Net income attributable to noncontrolling interests 15 1 47 3 Net income attributable to shareowners of The Coca-Cola Company $ 2,316 $ 1,371 $ 3,684 $ 2,553 Cash, Cash Equivalents, Restricted Cash and Restricted 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 or restricted cash equivalents, as applicable. Restricted cash and restricted cash equivalents generally consist of amounts held by our captive insurance companies, which are included in the line item other assets on our consolidated balance sheets and amounts classified in assets held for sale. We manage our exposure to counterparty credit risk through specific minimum credit standards, diversification of counterparties and procedures to monitor our concentrations of credit risk. The following table provides a summary of cash, cash equivalents, restricted cash and restricted cash equivalents that constitute the total amounts shown in the condensed consolidated statements of cash flows (in millions): June 29, December 31, Cash and cash equivalents $ 7,975 $ 6,006 Cash and cash equivalents included in assets held for sale — 13 Cash and cash equivalents included in assets held for sale — discontinued operations 173 97 Cash and cash equivalents included in other assets 1 221 257 Cash, cash equivalents, restricted cash and restricted cash equivalents $ 8,369 $ 6,373 June 30, 2017 December 31, 2016 Cash and cash equivalents $ 11,718 $ 8,555 Cash and cash equivalents included in assets held for sale 21 49 Cash and cash equivalents included in other assets 1 248 246 Cash, cash equivalents, restricted cash and restricted cash equivalents $ 11,987 $ 8,850 1 Amounts represent cash and cash equivalents in our solvency capital portfolio set aside primarily to cover pension obligations in certain of our European and Canadian pension plans. Refer to Note 4 . 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. We sell concentrate to our bottling partner in Venezuela from outside the country. These sales are denominated in U.S. dollars. We also have certain U.S. dollar-denominated intangible assets associated with products sold in Venezuela. As a result of weaker sales and the volatility of foreign currency exchange rates resulting from continued political instability, we recorded impairment charges of $14 million and $34 million during the three and six months ended June 30, 2017 , respectively, in the line item other operating charges in our condensed consolidated statements of income. As a result of these impairment charges, the remaining carrying value of all U.S. dollar-denominated intangible assets associated with products sold in Venezuela is zero. Recently Issued Accounting Guidance Recently Adopted Accounting Guidance In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers , which replaces 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. ASU 2014-09 and its amendments were included primarily in ASC 606. The core principle of ASC 606 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. ASC 606 also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. We adopted ASC 606 effective January 1, 2018, using the modified retrospective method. We recognized a cumulative effect adjustment to decrease the opening balance of reinvested earnings as of January 1, 2018 by $257 million , net of tax. Refer to Note 3 . In January 2016, the FASB issued ASU 2016-01, Financial Instruments — Overall: Recognition and Measurement of Financial Assets and Financial Liabilities ("ASU 2016-01"), which addresses certain aspects of the recognition, measurement, presentation and disclosure of financial instruments. ASU 2016-01 was effective for the Company beginning January 1, 2018 and we are now recognizing any changes in the fair value of certain equity investments in net income as prescribed by the new standard rather than in other comprehensive income ("OCI"). We recognized a cumulative effect adjustment to increase the opening balance of reinvested earnings as of January 1, 2018 by $409 million , net of tax. Refer to Note 4 for additional disclosures required by this ASU. In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments , which addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. ASU 2016-15 was effective for the Company beginning January 1, 2018 and was adopted using the retrospective transition approach to all periods presented. The impact of the adoption of ASU 2016-15 on our consolidated statement of cash flows was a change in presentation related to our proceeds from the settlement of corporate-owned life insurance policies. We revised our condensed consolidated statement of cash flows to reflect these proceeds in the line item other investing activities, which were previously presented in the line item net change in operating assets and liabilities. During the six months ended June 30, 2017 , the amount of proceeds received from the settlement of corporate-owned life insurance policies was $49 million . In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory ("ASU 2016-16"), 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 was effective for the Company beginning January 1, 2018 and was adopted using a modified retrospective basis. We recorded a $2.9 billion cumulative effect adjustment to increase the opening balance of reinvested earnings with the majority of the offset being recorded as a deferred tax asset in the line item deferred income tax assets in our condensed consolidated balance sheet. Refer to Note 14 . 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 amounts generally described as 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 that an entity defines as restricted cash for purposes of this standard or otherwise does not present in the line item cash and cash equivalents on its balance sheet. ASU 2016-18 was effective for the Company beginning January 1, 2018 and was adopted using the retrospective transition method to all periods presented. Prior to the adoption of this ASU, we presented the transfer of cash and cash equivalents into or out of our captive insurance companies in the line items purchases of investments and proceeds from disposals of investments in our consolidated cash flow statement. We did not present the purchases of investments and proceeds from disposals of investments within our captive insurance companies. Cash flows related to cash and cash equivalents included in our insurance captives are now presented in the line items purchases of investments and proceeds from disposals of investments within the investing activities section of our consolidated statement of cash flows. During the six months ended June 30, 2017 , the purchases of investments and proceeds from disposals of investments within our captive insurance companies were $388 million and $ 384 million , respectively. Prior to the adoption of this ASU, we treated the change in cash and cash equivalents included in assets held for sale as an adjustment to the line item other investing activities within the statement of cash flows. With the adoption of this ASU, we no longer make this adjustment and restated the prior year to remove this adjustment. During the six months ended June 30, 2017 , the change in cash and cash equivalents included in assets held for sale was $28 million . Refer to the heading "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents" above for additional disclosures required by this ASU. 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 was effective for the Company beginning January 1, 2018 and was adopted prospectively. The impact on our consolidated financial statements will depend on the facts and circumstances of any specific future transactions. In March 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost ("ASU 2017-07"), which requires that the service cost component of the Company's net periodic pension cost and net periodic postretirement benefit cost be included in the same line item as other compensation costs arising from services rendered by employees, with the non-service components of net periodic benefit cost and other benefit plan charges and credits being classified outside of a subtotal of income from operations. ASU 2017-07 was effective for the Company beginning January 1, 2018 and was adopted retrospectively for the presentation of the other components of net periodic benefit cost and other benefit plan charges and credits in our condensed consolidated statements of income. As part of our adoption, we elected to use a practical expedient which allows us to use information previously disclosed in our note on pension and other postretirement benefit plans as the estimation basis for applying the retrospective presentation requirements of this ASU. For the three and six months ended June 30, 2017 , we reclassified $41 million and $60 million of income, respectively, related to our non-service cost components of net periodic benefit cost and other benefit plan charges and credits from operating income to other income (loss) — net in our condensed consolidated statements of income. Refer to Note 13 for additional disclosures required by this ASU. In March 2018, the FASB issued ASU 2018-05, Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. The amendments in this update provide guidance on when to record and disclose provisional amounts for certain income tax effects of the Tax Cuts and Jobs Act ("Tax Reform Act"). The amendments also require any provisional amounts or subsequent adjustments to be included in net income from continuing operations. Additionally, this ASU discusses required disclosures that an entity must make with regard to the Tax Reform Act. This ASU is effective immediately as new information is available to adjust provisional amounts that were previously recorded. The Company has adopted this standard and will continue to evaluate indicators that may give rise to a change in our tax provision as a result of the Tax Reform Act. Refer to Note 14 for additional information on the Tax Reform Act. Accounting Guidance Not Yet Adopted In February 2016, the FASB issued ASU 2016-02, Leases , which requires lessees to recognize right-of-use assets, representing their right to use the underlying asset for the lease term, and lease liabilities on the balance sheet for all leases with terms greater than 12 months. The guidance also modifies the classification criteria and the accounting for sales-type and direct financing leases by lessors. Additionally, the guidance requires qualitative and quantitative disclosures designed to assess the amount, timing and uncertainty of cash flows arising from leases. The Company is progressing with its preparation for the adoption and implementation of this new accounting standard, including assessing our lease arrangements, evaluating practical expedient and accounting policy elections, and implementing software to meet the reporting requirements of this standard. We have identified an interim software solution to be used upon adoption for lessee accounting and are in the process of evaluating a long-term software solution. The Company has established a cross-functional implementation team to assist in identifying changes to our business processes and controls to support adoption of the new standard. ASU 2016-02 is effective for the Company beginning January 1, 2019 . 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. The Company is currently planning on electing the package of practical expedients to not reassess prior conclusions related to contracts containing leases, lease classification and initial direct costs and is evaluating the other practical expedients available under the guidance. In March 2018, the FASB approved a new, optional transition method that will give companies the option to use the effective date as the date of initial application on transition. The Company plans to elect this transition method, and as a result, we will not adjust our comparative period financial information or make the new required lease disclosures for periods before the effective date. The Company anticipates the adoption of this new standard will result in a significant increase in lease-related assets and liabilities on our consolidated balance sheet. The impact on the Company's consolidated statement of income is being evaluated. As the impact of this standard is non-cash in nature, we do not anticipate its adoption having an impact on the Company's consolidated statement of cash flows. 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 it will have on our consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities , which eliminates the requirement to separately measure and report hedge ineffectiveness and requires companies to recognize all elements of hedge accounting that impact earnings in the same line item in the statement of income where the hedged item resides. The amendments include new alternatives for measuring the hedged item for fair value hedges of interest rate risk and ease the requirements for effectiveness testing, hedge documentation and applying the critical terms match method. Finally, the standard introduces new alternatives that permit companies to reduce the risk of material error if the shortcut method is misapplied. ASU 2017-12 is effective for the Company beginning January 1, 2019 and is required to be applied prospectively. The Company is currently evaluating the impact that ASU 2017-12 will have on our consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income , which permits entities to reclassify the disproportionate income tax effects of the Tax Reform Act on items within accumulated other comprehensive income (loss) ("AOCI") to retained earnings. These disproportionate income tax effect items are referred to as "stranded tax effects." Amendments in this update only relate to the reclassification of the income tax effects of the Tax Reform Act. Other accounting guidance that requires the effect of changes in tax laws or rates to be included in net income from continuing operations is not affected by this update. ASU 2018-02 is effective for the Company beginning January 1, 2019 and should be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Reform Act is recognized. The Company is currently evaluating the impact that ASU 2018-02 will have on our consolidated financial statements.

Acquisitions and Divestitures

Acquisitions and Divestitures	6 Months Ended
	Jun. 29, 2018
Acquisition and Divestures [Abstract]
Acquisition and Divestitures [Text Block]	ACQUISITIONS AND DIVESTITURES Acquisitions During the six months ended June 29, 2018 , our Company's acquisitions of businesses, equity method investments and nonmarketable securities totaled $ 218 million , which primarily related to the acquisition of additional interests in the Company's franchise bottlers in the United Arab Emirates and in Oman, both of which were previously equity method investees of the Company. As a result of the additional interest acquired in the Oman bottler, we obtained a controlling interest, resulting in its consolidation. During the six months ended June 30, 2017 , our Company's acquisitions of businesses, equity method investments and nonmarketable securities totaled $520 million , which primarily related to the acquisition of AdeS, a plant-based beverage business, by the Company and several of its bottling partners in Latin America. Additionally, in conjunction with the refranchising of Coca-Cola Refreshments' ("CCR") Southwest operating unit ("Southwest Transaction"), we obtained an equity interest in AC Bebidas, S. de R.L. de C.V. ("AC Bebidas"), a subsidiary of Arca Continental, S.A.B. de C.V. ("Arca"). Divestitures During the six months ended June 29, 2018 , proceeds from disposals of businesses, equity method investments and nonmarketable securities totaled $304 million , which primarily related to the proceeds from the refranchising of our Latin American bottling operations. During the six months ended June 30, 2017 , proceeds from disposals of businesses, equity method investments and nonmarketable securities totaled $2,055 million , primarily related to proceeds from the refranchising of certain bottling territories in North America and China. Refranchising of Latin American Bottling Operations As of December 31, 2017 , certain of the Company's bottling operations in Latin America were classified as held for sale. During the three months ended June 29, 2018 , the Company sold its bottling operations in Latin America to Coca-Cola FEMSA, S.A.B. de C.V. ("Coca-Cola FEMSA"), an equity method investee. We received net cash proceeds of $277 million as a result of these sales and recognized a net gain of $36 million , which was included in the line item other income (loss) — net in our condensed consolidated statement of income. Refranchising of China Bottling Operations During the three months ended June 30, 2017 , the Company sold a substantial portion of its bottling operations in China to the two existing local franchise bottlers. We received $740 million as a result of these sales and recognized a gain of $9 million , which was included in the line item other income (loss) — net in our condensed consolidated statement of income. On June 30, 2017 , we received an advance payment of $191 million related to the remaining bottling operations and a related cost method investment, which were sold on July 1, 2017 . 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. 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, except for the CBA entered into in conjunction with the Southwest Transaction and for additional territories sold to AC Bebidas as well as the CBA entered into with Liberty Coca-Cola Beverages, the bottlers 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. Liberty Coca-Cola Beverages, the co-owners of which are former management of CCR, will make ongoing quarterly payments based on the gross profit in its refranchised territories upon the earlier of reaching a predefined level of profitability or the 41 st quarter following the closing date. 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, excluding the territory included in the Southwest Transaction, to the respective bottlers in exchange for cash. During the six months ended June 29, 2018 and June 30, 2017 , cash proceeds from these sales totaled $3 million and $1,118 million , respectively. Included in the cash proceeds for the six months ended June 30, 2017 was $224 million 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 net charges of $102 million and $1,274 million during the three months ended June 29, 2018 and June 30, 2017 , respectively. During the six months ended June 29, 2018 and June 30, 2017 , the Company recognized net charges of $104 million and $1,771 million , respectively. These net charges were included in the line item other income (loss) — net in our condensed consolidated statements of income. The net charges in 2018 were primarily related to post-closing adjustments as contemplated by the related agreements. The net charges in 2017 were primarily related to the derecognition of the intangible assets transferred or reclassified as held for sale. In total, 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 statement of income 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 statement of income 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 three months ended June 29, 2018 and June 30, 2017 , the Company recorded charges of $2 million and $109 million , respectively, primarily 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. During the six months ended June 29, 2018 and June 30, 2017 , the Company recorded charges of $21 million and $215 million , respectively, related to such payments. 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, as well as consistency with other U.S. bottlers that have been granted or converted to this form of CBA. The charges related to these payments were included in the line item other income (loss) — net in our condensed consolidated statements of income during the three and six months ended June 29, 2018 and June 30, 2017 . On April 1, 2017 , the Company refranchised the Southwest operating unit of CCR, which includes Texas and parts of Oklahoma, New Mexico and Arkansas, in the Southwest Transaction. In conjunction with the Southwest Transaction, Arca contributed its existing beverage business to AC Bebidas. CCR contributed its Southwest operating unit, including all of its assets and liabilities, to AC Bebidas in exchange for an approximate 20 percent interest in AC Bebidas. Arca owns the remaining interest in AC Bebidas. CCR also made cash payments of $144 million , net of cash received. As a result of the Southwest Transaction, the Company recognized a gain of $1,060 million due to the difference in the recorded carrying value of the net assets transferred compared to the value of the interest it obtained in AC Bebidas of $2,960 million , which was determined using an income and market approach (a Level 3 measurement). This gain was recorded in the line item other income (loss) — net in our condensed consolidated statement of income. The Company accounts for its interest in AC Bebidas as an equity method investment based on our equity ownership percentage, our representation on AC Bebidas' Board of Directors, material intercompany transactions and other governance rights. Refer to Note 16 for the impact these items had on our operating segments. Assets and Liabilities Held for Sale As of December 31, 2017 , the Company had certain bottling operations in North America and Latin America that 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 condensed consolidated balance sheet. These operations were refranchised in 2018. The following table presents information related to the major classes of assets and liabilities that were classified as held for sale in our condensed consolidated balance sheets (in millions): December 31, 2017 Cash, cash equivalents and short-term investments $ 13 Trade accounts receivable, less allowances 10 Inventories 11 Prepaid expenses and other assets 12 Other assets 7 Property, plant and equipment — net 85 Bottlers' franchise rights with indefinite lives 5 Goodwill 103 Other intangible assets 1 Allowance for reduction of assets held for sale (28 ) Assets held for sale $ 219 1 Accounts payable and accrued expenses $ 22 Other liabilities 12 Deferred income taxes 3 Liabilities held for sale $ 37 2 1 Consists of total assets relating to North America refranchising of $9 million and the refranchising of Latin America bottling operations of $210 million , which are included in the Bottling Investments operating segment. 2 Consists of total liabilities relating to North America refranchising of $5 million and the refranchising of Latin America bottling operations of $32 million , which are included in the Bottling Investments operating segment. 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. Discontinued Operations In October 2017, the Company and Anheuser-Busch InBev ("ABI") completed the transition of ABI's controlling interest in Coca-Cola Beverages Africa Proprietary Limited ("CCBA") to the Company for $3,150 million . We plan to hold our controlling interest in CCBA temporarily and are currently in discussions with several potential buyers and anticipate divesting of this interest in 2018. Accordingly, we have presented the financial position and results of operations of CCBA as discontinued operations in the accompanying condensed consolidated financial statements. We were not required to record these assets and liabilities at fair value less any costs to sell because their fair value approximates their carrying value. The preliminary goodwill recorded at the time of the transaction was $4,262 million , none of which is tax deductible. This goodwill is in part due to the significant synergies that are expected from the consolidation of the bottling system in Southern and East Africa, especially within the country of South Africa. The initial accounting for the business combination is currently incomplete, although preliminary purchase accounting entries have been recorded, including a preliminary allocation of goodwill between CCBA and the reporting units expected to benefit from this transaction. The balance sheet line items that are expected to be impacted by the completion of purchase accounting are assets held for sale — discontinued operations and liabilities held for sale — discontinued operations in the condensed consolidated financial statements. The following table presents information related to the major classes of assets and liabilities of CCBA that were classified as held for sale — discontinued operations in our condensed consolidated balance sheets (in millions): June 29, 2018 December 31, 2017 Cash, cash equivalents and short-term investments $ 173 $ 97 Trade accounts receivable, less allowances 257 299 Inventories 289 299 Prepaid expenses and other assets 68 52 Equity method investments 6 7 Other assets 39 29 Property, plant and equipment — net 1,440 1,436 Goodwill 3,660 4,248 Other intangible assets 749 862 Assets held for sale — discontinued operations $ 6,681 $ 7,329 Accounts payable and accrued expenses $ 542 $ 598 Loans and notes payable 439 404 Current maturities of long-term debt 6 6 Accrued income taxes 31 40 Long-term debt 17 19 Other liabilities 9 10 Deferred income taxes 412 419 Liabilities held for sale — discontinued operations $ 1,456 $ 1,496

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Recognition	6 Months Ended
	Jun. 29, 2018
Revenue Recognition [Abstract]
Revenue Recognition, Policy [Policy Text Block]	NOTE 3 : REVENUE RECOGNITION We adopted ASC 606 effective January 1, 2018 , using the modified retrospective method. We have implemented this standard for all contracts at the effective date. Under this method, we recorded the cumulative effect of applying this guidance through an adjustment to the opening balance of reinvested earnings on the adoption date. The cumulative adjustment was a reduction of reinvested earnings of $257 million , net of tax, which was primarily related to changing when we recognize the effects of certain variable consideration payments, as described below. The Company has changed our accounting policies and practices, business processes, systems and controls, as well as designed and implemented specific controls over our evaluation of the impact of the new guidance on the Company, including the cumulative effect calculation, disclosure requirements and the collection of relevant data for the reporting process. Our Company markets, manufactures and sells concentrates and finished goods. In our domestic and international concentrate operations, we typically generate net operating revenues by selling concentrates, syrups and certain finished beverages 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 non-refillable 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. In addition, outside the United States, our bottling partners are typically authorized to manufacture fountain syrups, using our concentrate, which they sell to fountain retailers for use in producing beverages for immediate consumption, or to authorized fountain wholesalers who in turn sell and distribute the fountain syrups to fountain retailers. Our concentrate operations are included in our geographic operating segments. Our finished product operations generate net operating revenues by selling sparkling soft drinks and a variety of other finished nonalcoholic beverages, such as water, enhanced water and sports drinks; juice, dairy and plant-based beverages; tea and coffee; and energy drinks, to retailers or to distributors and wholesalers who distribute them to retailers. These operations consist primarily of Company-owned or -controlled bottling, sales and distribution operations, which are included in our Bottling Investments operating segment. In certain markets, the Company also operates non-bottling finished product operations in which we sell finished beverages to distributors and wholesalers which are generally not one of the Company's bottling partners. These operations are generally included in one of our geographic operating segments. In the United States, we manufacture fountain syrups and sell them to fountain retailers, 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. Generally, finished product operations produce higher net operating revenues but lower gross profit margins compared to concentrate operations. Revenue is recognized when performance obligations under the terms of the contracts with our customers are satisfied. Our performance obligation generally consists of the promise to sell concentrates or finished products to our bottling partners, wholesalers, distributors or retailers. Control of the concentrates or finished products is transferred upon shipment to, or receipt at, our customers' locations, as determined by the specific terms of the contract. Once control is transferred to the customer, we have completed our performance obligation, and revenue is recognized. Our sales terms generally do not allow for a right of return except for matters related to any manufacturing defects on our part. After completion of our performance obligation, we have an unconditional right to consideration as outlined in the contract. Our receivables will generally be collected in less than six months, in accordance with the underlying payment terms. All of our performance obligations under the terms of contracts with our customers have an original duration of one year or less. Our customers and bottling partners may be entitled to cash discounts, funds for promotional and marketing activities, volume-based incentive programs, support for infrastructure programs and other similar programs. In some markets, in an effort to allow our Company and our bottling partners to grow together through shared value, aligned financial objectives and the flexibility necessary to meet consumers' always changing needs and tastes, we worked with our bottling partners to develop and implement an incidence-based concentrate pricing model. Under this model, the concentrate price we charge is impacted by a number of factors, including, but not limited to, bottler pricing, the channels and packages in which the finished products produced from the concentrate are sold. The amounts associated with the arrangements described above are defined as variable consideration under ASC 606 and an estimate of which is included in the transaction price as a component of net operating revenues in our condensed consolidated statement of income upon completion of our performance obligations. The total revenue recorded, including any variable consideration, cannot exceed the amount for which it is probable that a significant reversal will not occur when uncertainties related to variability are resolved. As a result, we are recognizing revenue based on our faithful depiction of the consideration that we expect to receive. In making our estimates of variable consideration, we consider past results and make significant assumptions related to: (1) customer sales volumes; (2) customer ending inventories; (3) customer selling price per unit; (4) selling channels; and (5) discount rates, rebates and other pricing allowances, as applicable. In gathering data to estimate our variable consideration, we generally calculate our estimates using a portfolio approach at the country and product line level rather than at the individual contract level. The result of making these estimates will impact the line items trade accounts receivable and accounts payable and accrued expenses in our condensed consolidated balance sheet. The actual amounts ultimately paid and/or received may be different from our estimates. The change in the amount of variable consideration recognized during the three and six months ended June 29, 2018 related to performance obligations satisfied in prior periods was immaterial. In addition to changes in the timing of when we record variable consideration, ASC 606 provided clarification about the classification of certain costs relating to revenue arrangements with customers. As a result, during the three and six months ended June 29, 2018 , we recorded certain amounts in cost of goods sold or selling, general and administrative expenses that were previously classified as reductions in net operating revenues. The Company also re-evaluated the principal versus agent considerations pertaining to certain of its arrangements with third-party manufacturers and co-packers. We recorded certain costs in net operating revenues which were previously recorded in cost of goods sold related to arrangements in which we concluded we did not control the goods before they were delivered to our customers. The following tables compare the amounts reported in the condensed consolidated statements of income and condensed consolidated balance sheet to the amounts had the previous revenue recognition guidance been in effect (in millions): Three Months Ended June 29, 2018 Six Months Ended June 29, 2018 As Reported Balances without Adoption of ASC 606 Increase (Decrease) Due to Adoption As Reported Balances without Adoption of ASC 606 Increase (Decrease) Due to Adoption Net operating revenues $ 8,927 $ 8,767 $ 160 1 $ 16,553 $ 16,202 $ 351 1 Cost of goods sold 3,252 3,044 208 5,990 5,591 399 Gross profit 5,675 5,723 (48 ) 10,563 10,611 (48 ) Selling, general and administrative expenses 2,723 2,724 (1 ) 5,264 5,264 — Operating income 2,727 2,774 (47 ) 4,538 4,586 (48 ) Income from continuing operations before income taxes 2,883 2,930 (47 ) 4,716 4,764 (48 ) Income taxes from continuing operations 594 575 19 1,100 1,081 19 Net income from continuing operations 2,289 2,317 (28 ) 3,616 3,645 (29 ) Income from discontinued operations 42 43 (1 ) 115 113 2 Consolidated net income 2,331 2,360 (29 ) 3,731 3,758 (27 ) Net income attributable to shareowners of The Coca-Cola Company 2,316 2,345 (29 ) 3,684 3,711 (27 ) 1 The increase in net operating revenues was primarily due to the reclassification of shipping and handling costs. June 29, 2018 As Reported Balances without Adoption of ASC 606 Increase (Decrease) Due to Adoption ASSETS Trade accounts receivable $ 4,565 $ 4,503 $ 62 1 Prepaid expenses and other assets 2,543 2,545 (2 ) Total current assets 36,024 35,964 60 Deferred income tax assets 2,999 2,934 65 Total assets 89,593 89,468 125 LIABILITIES AND EQUITY Accounts payable and accrued expenses $ 10,842 $ 10,382 $ 460 2 Total current liabilities 31,398 30,938 460 Deferred income tax liabilities 2,589 2,640 (51 ) Reinvested earnings 63,808 64,092 (284 ) Total equity 20,176 20,460 (284 ) Total liabilities and equity 89,593 89,468 125 1 The increase was primarily due to incremental estimated variable consideration receivables from third-party customers. 2 The increase was primarily due to incremental estimated variable consideration payables due to third-party customers. The following table presents net operating revenues disaggregated between the United States and International and further by line of business (in millions): United States International Total Three Months Ended June 29, 2018 Concentrate operations $ 1,258 $ 4,417 $ 5,675 Finished product operations 1,786 1,466 3,252 Total $ 3,044 $ 5,883 $ 8,927 Six Months Ended June 29, 2018 Concentrate operations $ 2,374 $ 8,196 $ 10,570 Finished product operations 3,258 2,725 5,983 Total $ 5,632 $ 10,921 $ 16,553 Refer to Note 16 for additional revenue disclosures by operating segment.

Investments

Investments	6 Months Ended
	Jun. 29, 2018
Investments [Abstracts]
Investments	INVESTMENTS Equity Securities Effective January 1, 2018 , we adopted ASU 2016-01, which requires us to measure all equity investments that do not result in consolidation and are not accounted for under the equity method at fair value and recognize any changes in earnings. We record dividend income when applicable dividends are declared, which is reported in other income (loss) — net in our condensed consolidated statements of income. We use quoted market prices to determine the fair value of equity securities with readily determinable fair values. For equity securities without readily determinable fair values, we have elected the measurement alternative under which we measure these investments at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Management assesses each of these investments on an individual basis. Additionally, on a quarterly basis, management is required to make a qualitative assessment of whether the investment is impaired. During the three and six months ended June 29, 2018 , the Company did not recognize any fair value adjustments for equity securities without readily determinable fair values. We recognized a cumulative effect adjustment of $409 million , net of tax, to increase the opening balance of reinvested earnings with an offset to AOCI as of January 1, 2018 in connection with the adoption of ASU 2016-01. For fiscal periods beginning prior to January 1, 2018 , marketable equity securities not accounted for under the equity method were classified as trading or available-for-sale. Both realized and unrealized gains and losses on equity securities classified as trading securities were recognized in net income. For equity securities classified as available-for-sale, realized gains and losses were included in net income. Unrealized gains and losses on equity securities classified as available-for-sale were recognized in AOCI, net of deferred taxes. In addition, the Company held equity securities without readily determinable fair values that were recorded at cost. For these cost method investments, we recorded dividend income when applicable dividends were declared. Cost method investments were reported as other investments in our condensed consolidated balance sheets, and dividend income from cost method investments was reported in other income (loss) — net in our condensed consolidated statements of income. We reviewed all of our cost method investments quarterly to determine if impairment indicators were present; however, we were not required to determine the fair value of these investments unless impairment indicators existed. When impairment indicators did exist, we generally used discounted cash flow analyses to determine the fair value. We estimated that the fair values of our cost method investments approximated or exceeded their carrying values as of December 31, 2017 . Our cost method investments had a carrying value of $143 million as of December 31, 2017 . As of June 29, 2018 , the carrying values of our equity securities were included in the following line items in our condensed consolidated balance sheet (in millions): Fair Value with Changes Recognized in Income Measurement Alternative — No Readily Determinable Fair Value Marketable securities $ 341 $ — Other investments 924 91 Other assets 1,034 — Total equity securities $ 2,299 $ 91 The calculation of net unrealized gains and losses for the period that relate to equity securities still held at June 29, 2018 is as follows (in millions): Three Months Ended Six Months Ended June 29, 2018 June 29, 2018 Net gains (losses) recognized during the period related to equity securities $ 38 $ (41 ) Less: Net gains (losses) recognized during the period related (1 ) 4 Unrealized gains (losses) recognized during the period related to equity securities still held at the end of the period $ 39 $ (45 ) As of December 31, 2017 , equity securities consisted of the following (in millions): Gross Unrealized Estimated Cost Gains Losses Fair Value Trading securities $ 324 $ 75 $ (4 ) $ 395 Available-for-sale securities 1,276 685 (66 ) 1,895 Total equity securities $ 1,600 $ 760 $ (70 ) $ 2,290 As of December 31, 2017 , the Company had investments classified as available-for-sale in which our cost basis exceeded the fair value of our investment. Management assessed each of the available-for-sale securities that were in a gross unrealized loss position 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. As of December 31, 2017 , the fair values of our equity securities were included in the following line items in our condensed consolidated balance sheet (in millions): Trading Securities Available-for-Sale Securities Marketable securities $ 283 $ 52 Other investments — 953 Other assets 112 890 Total equity securities $ 395 $ 1,895 The sale and/or maturity of available-for-sale equity securities resulted in the following realized activity (in millions): Three Months Ended Six Months Ended June 30, 2017 June 30, 2017 Gross gains $ 13 $ 35 Gross losses (5 ) (8 ) Proceeds 58 140 Debt Securities Our investments in debt securities are classified as trading, available-for-sale, or held-to-maturity and carried at either amortized cost or fair value. The cost basis is determined by the specific identification method. 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. Both realized and unrealized gains and losses on debt securities classified as trading securities are included in net income. For debt securities classified as available-for-sale, realized gains and losses are included in net income. Unrealized gains and losses on debt securities classified as available-for-sale are recognized in AOCI, net of deferred taxes, except for the change in fair value attributable to the currency risk being hedged. Refer to Note 6 for additional information related to the Company's fair value hedges of available-for-sale debt securities. Our debt securities consisted of the following (in millions): Gross Unrealized Estimated Cost Gains Losses Fair Value June 29, 2018 Trading securities $ 38 $ — $ — $ 38 Available-for-sale securities 6,258 78 (63 ) 6,273 Total debt securities $ 6,296 $ 78 $ (63 ) $ 6,311 December 31, 2017 Trading securities $ 12 $ — $ — $ 12 Available-for-sale securities 5,782 157 (27 ) 5,912 Total debt securities $ 5,794 $ 157 $ (27 ) $ 5,924 The fair values of our debt securities were included in the following line items in our condensed consolidated balance sheets (in millions): June 29, 2018 December 31, 2017 Trading Securities Available-for-Sale Securities Trading Securities Available-for-Sale Securities Cash and cash equivalents $ — $ 829 $ — $ 667 Marketable securities 38 5,157 12 4,970 Other assets — 287 — 275 Total debt securities $ 38 $ 6,273 $ 12 $ 5,912 The contractual maturities of these available-for-sale debt securities as of June 29, 2018 were as follows (in millions): Cost Estimated Within 1 year $ 1,348 $ 1,345 After 1 year through 5 years 4,474 4,478 After 5 years through 10 years 121 136 After 10 years 315 314 Total $ 6,258 $ 6,273 The Company expects that actual maturities may differ from the contractual maturities above because borrowers have the right to call or prepay certain obligations. The sale and/or maturity of available-for-sale debt securities resulted in the following realized activity (in millions): Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 Gross gains $ 8 $ 1 $ 8 $ 5 Gross losses (8 ) (2 ) (13 ) (6 ) Proceeds 3,236 3,398 6,323 6,410 Captive Insurance Companies In accordance with local insurance regulations, our captive insurance companies are required to meet and maintain minimum solvency capital requirements. The Company elected to invest a majority of its solvency capital in a portfolio of marketable equity and debt securities. These securities are included in the disclosures above. The Company uses one of its consolidated captive insurance companies to reinsure group annuity insurance contracts that cover the pension obligations of certain of our European and Canadian pension plans. This captive's solvency capital funds included equity and debt securities of $1,205 million as of June 29, 2018 and $1,159 million as of December 31, 2017 , which are classified in the line item other assets in our condensed consolidated balance sheets because the assets are not available to satisfy our current obligations.

Inventories

Inventories	6 Months Ended
	Jun. 29, 2018
Inventories
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 net realizable value. We determine cost on the basis of the average cost or first-in, first-out methods. Inventories consisted of the following (in millions): June 29, December 31, Raw materials and packaging $ 1,915 $ 1,729 Finished goods 751 693 Other 215 233 Total inventories $ 2,881 $ 2,655

Hedging Transactions and Deriva

Hedging Transactions and Derivative Financial Instruments	6 Months Ended
	Jun. 29, 2018
Hedging Transactions and Derivative Financial Instruments
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 derivative instruments are carried at fair value in our condensed 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 condensed consolidated statements of income as the changes in the fair values of the hedged items attributable to the risk being hedged. The changes in the fair values of derivatives that have been designated and qualify as cash flow hedges or hedges of net investments in foreign operations are recorded in AOCI and are reclassified into the line item in our condensed consolidated statements 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 values 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 15 . 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 June 29, December 31, 2017 Assets: Foreign currency contracts Prepaid expenses and other assets $ 52 $ 45 Foreign currency contracts Other assets 112 79 Interest rate contracts Other assets 45 52 Total assets $ 209 $ 176 Liabilities: Foreign currency contracts Accounts payable and accrued expenses $ 24 $ 69 Foreign currency contracts Other liabilities 5 9 Foreign currency contracts Liabilities held for sale — discontinued operations — 8 Commodity contracts Liabilities held for sale — discontinued operations — 4 Interest rate contracts Accounts payable and accrued expenses — 30 Interest rate contracts Other liabilities 51 39 Total liabilities $ 80 $ 159 1 All of the Company's derivative instruments are carried at fair value in our condensed 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 15 for the net presentation of the Company's derivative instruments. 2 Refer to Note 15 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 June 29, December 31, 2017 Assets: Foreign currency contracts Prepaid expenses and other assets $ 76 $ 20 Foreign currency contracts Other assets 5 27 Commodity contracts Prepaid expenses and other assets 16 25 Commodity contracts Other assets — 1 Other derivative instruments Prepaid expenses and other assets 4 8 Total assets $ 101 $ 81 Liabilities: Foreign currency contracts Accounts payable and accrued expenses $ 23 $ 69 Foreign currency contracts Other liabilities 39 28 Foreign currency contracts Liabilities held for sale — discontinued operations 2 — Commodity contracts Accounts payable and accrued expenses 11 7 Commodity contracts Other liabilities 1 — Other derivative instruments Accounts payable and accrued expenses 7 1 Other derivative instruments Other liabilities 1 1 Total liabilities $ 84 $ 106 1 All of the Company's derivative instruments are carried at fair value in our condensed 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 15 for the net presentation of the Company's derivative instruments. 2 Refer to Note 15 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 condensed consolidated statements 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 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 fluctuations 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 were designated and qualify for the Company's foreign currency cash flow hedging program were $ 3,570 million and $ 4,068 million as of June 29, 2018 and December 31, 2017 , respectively. The Company uses cross-currency swaps to hedge the changes in cash flows of certain of its foreign currency denominated debt and other monetary assets or liabilities due to changes in foreign currency exchange rates. For this hedging program, the Company records the change in carrying value of these foreign currency denominated assets and liabilities 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. The total notional values of derivatives that have been designated as cash flow hedges for the Company's foreign currency denominated assets and liabilities were $3,028 million and $1,851 million as of June 29, 2018 and December 31, 2017 , 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 $ 4 million and $ 35 million as of June 29, 2018 and December 31, 2017 , 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 value of these interest rate swap agreements that were designated and qualified for the Company's interest rate cash flow hedging program was $500 million as of December 31, 2017 . During the six months ended June 29, 2018 , we discontinued the cash flow hedge relationship related to these swaps. We reclassified a loss of $8 million into earnings as a result of the discontinuance. As of June 29, 2018 , we did not have any interest rate swaps designated as a cash flow hedge. The following tables present the pretax impact that changes in the fair values of derivatives designated as cash flow hedges had on AOCI and earnings (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) Three Months Ended June 29, 2018 Foreign currency contracts $ 65 Net operating revenues $ 39 $ 1 Foreign currency contracts 14 Cost of goods sold 2 — 2 Foreign currency contracts — Interest expense (2 ) — Foreign currency contracts (79 ) Other income (loss) — net (87 ) (3 ) Interest rate contracts — Interest expense (10 ) — Total $ — $ (58 ) $ (2 ) Three Months Ended June 30, 2017 Foreign currency contracts $ (94 ) Net operating revenues $ 116 $ (1 ) Foreign currency contracts (5 ) Cost of goods sold 2 — 2 Foreign currency contracts — Interest expense (3 ) — Foreign currency contracts (2 ) Other income (loss) — net 25 8 Interest rate contracts (25 ) Interest expense (9 ) 2 Total $ (126 ) $ 131 $ 9 1 The Company records gains and losses reclassified from AOCI into income for the effective portion and the ineffective portion, if any, to the same line items in our condensed consolidated statements of income. 2 Includes a de minimis amount of ineffectiveness in the hedging relationship. 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) Six Months Ended June 29, 2018 Foreign currency contracts $ 8 Net operating revenues $ 54 $ 1 Foreign currency contracts 10 Cost of goods sold 1 — 2 Foreign currency contracts — Interest expense (4 ) — Foreign currency contracts 26 Other income (loss) — net (20 ) 2 Foreign currency contracts — Income from discontinued operations — (3 ) Interest rate contracts 22 Interest expense (20 ) (8 ) Commodity contracts — Income from discontinued operations — (5 ) Total $ 66 $ 11 $ (13 ) Six Months Ended June 30, 2017 Foreign currency contracts $ (181 ) Net operating revenues $ 223 $ (1 ) Foreign currency contracts (16 ) Cost of goods sold 5 — 2 Foreign currency contracts — Interest expense (5 ) — Foreign currency contracts 13 Other income (loss) — net 52 — 2 Interest rate contracts (24 ) Interest expense (17 ) 2 Commodity contracts (1 ) Cost of goods sold 1 — Total $ (209 ) $ 259 $ 1 1 The Company records gains and losses reclassified from AOCI into income for the effective portion and the ineffective portion, if any, to the same line items in our condensed consolidated statements of income. 2 Includes a de minimis amount of ineffectiveness in the hedging relationship. As of June 29, 2018 , the Company estimates that it will reclassify into earnings during the next 12 months $56 million of gains 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 in earnings. As of June 29, 2018 , such adjustments had cumulatively decreased the carrying value of our long-term debt by $ 5 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 related to our fair value hedges of this type were $ 8,131 million and $8,121 million as of June 29, 2018 and December 31, 2017 , 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 value of derivatives related to fair value hedges of this type was $311 million as of December 31, 2017 . As of June 29, 2018 , we did not have any fair value hedges of this type. The following tables summarize the pretax impact that changes in the fair values of derivatives designated as fair value hedges had on earnings (in millions): Hedging Instruments and Hedged Items Location of Gain (Loss) Recognized in Income Gain (Loss) Recognized in Income 1 Three Months Ended June 29, June 30, Interest rate contracts Interest expense $ (3 ) $ (23 ) Fixed-rate debt Interest expense (5 ) 24 Net impact to interest expense $ (8 ) $ 1 Foreign currency contracts Other income (loss) — net $ — $ (24 ) Available-for-sale securities Other income (loss) — net — 24 Net impact to other income (loss) — net $ — $ — Net impact of fair value hedging instruments $ (8 ) $ 1 Hedging Instruments and Hedged Items Location of Gain (Loss) Recognized in Income Gain (Loss) Recognized in Income 1 Six Months Ended June 29, June 30, Interest rate contracts Interest expense $ (19 ) $ (65 ) Fixed-rate debt Interest expense 9 57 Net impact to interest expense $ (10 ) $ (8 ) Foreign currency contracts Other income (loss) — net $ (6 ) $ (43 ) Available-for-sale securities Other income (loss) — net 6 46 Net impact to other income (loss) — net $ — $ 3 Net impact of fair value hedging instruments $ (10 ) $ (5 ) 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 a portion of its foreign currency denominated debt, a non-derivative financial instrument, to protect the value of our net investments in a number of foreign operations. 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, a component of AOCI, to offset the changes in the values of the net investments being hedged. For non-derivative financial instruments that are designated and qualify as hedges of net investments in foreign operations, the change in the carrying value of the designated portion of the non-derivative financial instrument due to changes in foreign currency exchange rates is recorded in net foreign currency translation adjustment. 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 Three Months Ended Six Months Ended June 29, December 31, 2017 June 29, June 30, June 29, June 30, Foreign currency contracts $ 50 $ — $ — $ (2 ) $ — $ (15 ) Foreign currency denominated debt 12,852 13,147 705 (928 ) 294 (926 ) Total $ 12,902 $ 13,147 $ 705 $ (930 ) $ 294 $ (941 ) The Company did not reclassify any gains or losses related to net investment hedges from AOCI into earnings during the three and six months ended June 29, 2018 and June 30, 2017 . In addition, the Company did not have any ineffectiveness related to net investment hedges during the three and six months ended June 29, 2018 and June 30, 2017 . 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 condensed consolidated statements of cash flows. Economic (Nondesignated) 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 the 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 condensed 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 condensed consolidated statements of income, as applicable. The total notional values of derivatives related to our foreign currency economic hedges were $ 5,907 million and $ 6,827 million as of June 29, 2018 and December 31, 2017 , 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 condensed consolidated statements of income, as applicable. The total notional values of derivatives related to our economic hedges of this type were $ 263 million and $ 357 million as of June 29, 2018 and December 31, 2017 , respectively. The following tables present the pretax impact that changes in the fair values of derivatives not designated as hedging instruments had on earnings (in millions): Derivatives Not Designated Location of Gain (Loss) Gain (Loss) Recognized in Income Three Months Ended June 29, June 30, Foreign currency contracts Net operating revenues $ 33 $ (8 ) Foreign currency contracts Other income (loss) — net (73 ) 66 Foreign currency contracts Income from discontinued operations 1 — Interest rate contracts Interest expense 1 — Commodity contracts Net operating revenues — (2 ) Commodity contracts Cost of goods sold (6 ) (3 ) Commodity contracts Selling, general and administrative expenses — (2 ) Commodity contracts Income from discontinued operations 4 — Other derivative instruments Selling, general and administrative expenses (1 ) 13 Other derivative instruments Other income (loss) — net 1 1 Total $ (40 ) $ 65 Derivatives Not Designated Location of Gain (Loss) Gain (Loss) Recognized in Income Six Months Ended June 29, June 30, Foreign currency contracts Net operating revenues $ 26 $ (18 ) Foreign currency contracts Cost of goods sold (1 ) — Foreign currency contracts Other income (loss) — net (116 ) 102 Foreign currency contracts Income from discontinued operations (5 ) — Interest rate contracts Interest expense (1 ) — Commodity contracts Net operating revenues — (5 ) Commodity contracts Cost of goods sold 7 28 Commodity contracts Selling, general and administrative expenses — (3 ) Commodity contracts Income from discontinued operations 5 — Other derivative instruments Selling, general and administrative expenses (7 ) 25 Other derivative instruments Other income (loss) — net — 1 Total $ (92 ) $ 130

Debt and Borrowing Arrangements

Debt and Borrowing Arrangements	6 Months Ended
	Jun. 29, 2018
Debt and Borrowing Arrangements Disclosure [Abstract]
Debt Disclosure [Text Block]	DEBT AND BORROWING ARRANGEMENTS During the six months ended June 29, 2018 , the Company retired upon maturity $2,026 million total principal amount of notes. The general terms of the notes retired are as follows: • $1,250 million total principal amount of notes due April 1, 2018 , at a fixed interest rate of 1.15 percent ; • $750 million total principal amount of notes due March 14, 2018 , at a fixed interest rate of 1.65 percent ; and • $26 million total principal amount of debentures due January 29, 2018 , at a fixed interest rate of 9.66 percent .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 29, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Guarantees As of June 29, 2018 , we were contingently liable for guarantees of indebtedness owed by third parties of $ 627 million , of which $ 253 million was related to variable interest entities. 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. Tax Audits The Company is involved in various tax matters, with respect to some of which the outcome is uncertain. We establish reserves to remove some or all of the tax benefit of any of our tax positions at the time we determine that it becomes uncertain based upon one of the following conditions: (1) the tax position is not "more likely than not" to be sustained; (2) the tax position is "more likely than not" to be sustained, but for a lesser amount; or (3) the tax position is "more likely than not" to be sustained, but not in the financial period in which the tax position was originally taken. For purposes of evaluating whether or not a tax position is uncertain, (1) we presume the tax position will be examined by the relevant taxing authority that has full knowledge of all relevant information; (2) the technical merits of a tax position are derived from authorities such as legislation and statutes, legislative intent, regulations, rulings and case law and their applicability to the facts and circumstances of the tax position; and (3) each tax position is evaluated without consideration of the possibility of offset or aggregation with other tax positions taken. A number of years may elapse before a particular uncertain tax position is audited and finally resolved or when a tax assessment is raised. The number of years subject to tax assessments varies depending on the tax jurisdiction. The tax benefit that has been previously reserved because of a failure to meet the "more likely than not" recognition threshold would be recognized in our income tax expense in the first interim period when the uncertainty disappears under any one of the following conditions: (1) the tax position is "more likely than not" to be sustained; (2) the tax position, amount, and/or timing is ultimately settled through negotiation or litigation; or (3) the statute of limitations for the tax position has expired. Refer to Note 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. During the 2007-2009 audit period, the Company followed the same transfer pricing methodology for these licenses that had consistently been followed since the methodology was agreed with the IRS in a 1996 closing agreement that applied back to 1987. The closing agreement provided prospective penalty protection as long as the Company followed 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 had determined that material facts and circumstances and relevant federal tax law had changed permitting it to 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. To the extent the matter remains designated, 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 vigorously defend its position. 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. On October 4, 2017, the IRS filed an amended answer to the Company's petition in which it increased its transfer pricing adjustment by $385 million resulting in an additional tax adjustment of $135 million . On June 20, 2017, the Company filed a motion for summary judgment on the portion of the IRS' adjustments related to our licensee in Mexico. On December 14, 2017, the U.S. Tax Court issued a decision on the summary judgment motion in favor of the Company. This decision effectively reduced the IRS' potential tax adjustment by approximately $138 million . The U.S. Tax Court trial was held from March 8, 2018 through May 11, 2018, and the Company and the IRS are required to file and exchange final post-trial briefs by February 2019. It is not known how much time will elapse before the U.S. Tax Court issues its decision. While the Company continues to strongly disagree with the IRS' position, there is no assurance that the U.S. Tax Court will rule in the Company's favor, and it is possible that all or some portion of the adjustment proposed by the IRS Notice could be sustained. In that event, or if the IRS proposes similar adjustments for years subsequent to the 2007-2009 litigation period, the Company will be subject to significant additional liabilities which could have a material adverse impact on the Company's financial position, results of operations and cash flows. The Company regularly assesses the likelihood of adverse outcomes resulting from tax disputes such as this and other examinations for all open years to determine the adequacy of its tax reserves. 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 using actuarial methods and assumptions of the insurance industry, adjusted for our specific expectations based on our claim history. Our self-insurance reserves totaled $ 430 million and $ 480 million as of June 29, 2018 and December 31, 2017 , respectively.

Comprehensive Income

Comprehensive Income	6 Months Ended
	Jun. 29, 2018
Comprehensive Income
Comprehensive Income	OTHER COMPREHENSIVE INCOME AOCI attributable to shareowners of The Coca-Cola Company is separately presented in our condensed 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 condensed consolidated 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): June 29, December 31, 2017 Foreign currency translation adjustments $ (10,284 ) $ (8,957 ) Accumulated derivative net gains (losses) (67 ) (119 ) Unrealized net gains (losses) on available-for-sale securities 1 (17 ) 493 Adjustments to pension and other benefit liabilities (1,406 ) (1,722 ) Accumulated other comprehensive income (loss) $ (11,774 ) $ (10,305 ) 1 The change in the balance from December 31, 2017 includes the $409 million reclassification to retained earnings upon the adoption of ASU 2016-01. Refer to Note 1 and Note 4 . The following table summarizes the allocation of total comprehensive income between shareowners of The Coca-Cola Company and noncontrolling interests (in millions): Six Months Ended June 29, 2018 Shareowners of The Coca-Cola Company Noncontrolling Interests Total Consolidated net income $ 3,684 $ 47 $ 3,731 Other comprehensive income: Net foreign currency translation adjustments (1,327 ) (98 ) (1,425 ) Net gain (loss) on derivatives 1 52 — 52 Net change in unrealized gain (loss) on available-for-sale debt securities 2 (101 ) — (101 ) Net change in pension and other benefit liabilities 3 316 — 316 Total comprehensive income $ 2,624 $ (51 ) $ 2,573 1 Refer to Note 6 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 4 for additional information related to the net unrealized gain or loss on available-for-sale debt securities. 3 Refer to Note 13 for additional information related to the Company's pension and other postretirement benefit liabilities. The following tables present OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees' OCI (in millions): Three Months Ended June 29, 2018 Before-Tax Amount Income Tax After-Tax Amount Foreign currency translation adjustments: Translation adjustments arising during the period $ (1,152 ) $ (17 ) $ (1,169 ) Reclassification adjustments recognized in net income 42 — 42 Gains (losses) on intra-entity transactions that are of a long-term investment nature (1,372 ) — (1,372 ) Gains (losses) on net investment hedges arising during the period 1 705 (202 ) 503 Net foreign currency translation adjustments $ (1,777 ) $ (219 ) $ (1,996 ) Derivatives: Gains (losses) arising during the period $ (1 ) $ 24 $ 23 Reclassification adjustments recognized in net income 60 (15 ) 45 Net gains (losses) on derivatives 1 $ 59 $ 9 $ 68 Available-for-sale debt securities: Unrealized gains (losses) arising during the period $ (113 ) $ 23 $ (90 ) Net change in unrealized gain (loss) on available-for-sale debt securities 2 $ (113 ) $ 23 $ (90 ) Pension and other benefit liabilities: Net pension and other benefit liabilities arising during the period $ 261 $ (61 ) $ 200 Reclassification adjustments recognized in net income 111 (29 ) 82 Net change in pension and other benefit liabilities 3 $ 372 $ (90 ) $ 282 Other comprehensive income (loss) attributable to shareowners of The Coca-Cola Company $ (1,459 ) $ (277 ) $ (1,736 ) 1 Refer to Note 6 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 debt securities. Refer to Note 4 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. Six Months Ended June 29, 2018 Before-Tax Amount Income Tax After-Tax Amount Foreign currency translation adjustments: Translation adjustments arising during the period $ (985 ) $ (85 ) $ (1,070 ) Reclassification adjustments recognized in net income 98 — 98 Gains (losses) on intra-entity transactions that are of a long-term investment nature (576 ) — (576 ) Gains (losses) on net investment hedges arising during the period 1 294 (73 ) 221 Net foreign currency translation adjustments $ (1,169 ) $ (158 ) $ (1,327 ) Derivatives: Gains (losses) arising during the period $ 65 $ (14 ) $ 51 Reclassification adjustments recognized in net income 2 (1 ) 1 Net gains (losses) on derivatives 1 $ 67 $ (15 ) $ 52 Available-for-sale debt securities: Unrealized gains (losses) arising during the period $ (126 ) $ 21 $ (105 ) Reclassification adjustments recognized in net income 5 (1 ) 4 Net change in unrealized gain (loss) on available-for-sale debt securities 2 $ (121 ) $ 20 $ (101 ) Pension and other benefit liabilities: Net pension and other benefit liabilities arising during the period $ 271 $ (62 ) $ 209 Reclassification adjustments recognized in net income 144 (37 ) 107 Net change in pension and other benefit liabilities 3 $ 415 $ (99 ) $ 316 Other comprehensive income (loss) attributable to shareowners of The Coca-Cola Company $ (808 ) $ (252 ) $ (1,060 ) 1 Refer to Note 6 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 debt securities. Refer to Note 4 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. Three Months Ended June 30, 2017 Before-Tax Amount Income Tax After-Tax Amount Foreign currency translation adjustments: Translation adjustments arising during the period $ (1,427 ) $ (15 ) $ (1,442 ) Reclassification adjustments recognized in net income 120 (6 ) 114 Gains (losses) on intra-entity transactions that are of a long-term investment nature 1,799 — 1,799 Gains (losses) on net investment hedges arising during the period 1 (930 ) 356 (574 ) Net foreign currency translation adjustments $ (438 ) $ 335 $ (103 ) Derivatives: Gains (losses) arising during the period $ (135 ) $ 43 $ (92 ) Reclassification adjustments recognized in net income (139 ) 54 (85 ) Net gains (losses) on derivatives 1 $ (274 ) $ 97 $ (177 ) Available-for-sale securities: Unrealized gains (losses) arising during the period $ 87 $ (19 ) $ 68 Reclassification adjustments recognized in net income (94 ) 31 (63 ) Net change in unrealized gain (loss) on available-for-sale securities 2 $ (7 ) $ 12 $ 5 Pension and other benefit liabilities: Net pension and other benefit liabilities arising during the period $ (37 ) $ 5 $ (32 ) Reclassification adjustments recognized in net income 32 (8 ) 24 Net change in pension and other benefit liabilities 3 $ (5 ) $ (3 ) $ (8 ) Other comprehensive income (loss) attributable to shareowners of The Coca-Cola $ (724 ) $ 441 $ (283 ) 1 Refer to Note 6 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 4 and Note 11 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. Six Months Ended June 30, 2017 Before-Tax Amount Income Tax After-Tax Amount Foreign currency translation adjustments: Translation adjustments arising during the period $ (955 ) $ 32 $ (923 ) Reclassification adjustments recognized in net income 120 (6 ) 114 Gains (losses) on intra-entity transactions that are of a long-term investment nature 2,207 — 2,207 Gains (losses) on net investment hedges arising during the period 1 (941 ) 360 (581 ) Net foreign currency translation adjustments $ 431 $ 386 $ 817 Derivatives: Gains (losses) arising during the period $ (213 ) $ 75 $ (138 ) Reclassification adjustments recognized in net income (259 ) 99 (160 ) Net gains (losses) on derivatives 1 $ (472 ) $ 174 $ (298 ) Available-for-sale securities: Unrealized gains (losses) arising during the period $ 345 $ (106 ) $ 239 Reclassification adjustments recognized in net income (113 ) 38 (75 ) Net change in unrealized gain (loss) on available-for-sale securities 2 $ 232 $ (68 ) $ 164 Pension and other benefit liabilities: Net pension and other benefit liabilities arising during the period $ (41 ) $ 24 $ (17 ) Reclassification adjustments recognized in net income 73 (23 ) 50 Net change in pension and other benefit liabilities 3 $ 32 $ 1 $ 33 Other comprehensive income (loss) attributable to shareowners of The Coca-Cola $ 223 $ 493 $ 716 1 Refer to Note 6 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 4 and Note 11 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 condensed consolidated statements of income where adjustments reclassified from AOCI into income were recorded (in millions): Amount Reclassified from AOCI into Income Description of AOCI Component Financial Statement Line Item Three Months Ended June 29, 2018 Six Months Ended June 29, 2018 Foreign currency translation adjustments: Divestitures, deconsolidations and other 1,2 Other income (loss) — net $ 42 $ 98 Income from continuing operations before income taxes 42 98 Consolidated net income $ 42 $ 98 Derivatives: Foreign currency contracts Net operating revenues $ (40 ) $ (55 ) Foreign currency contracts Cost of goods sold (2 ) (1 ) Foreign currency contracts Other income (loss) — net 90 18 Foreign currency and commodity contracts Income from discontinued operations — 8 Foreign currency and interest rate contracts Interest expense 12 32 Income from continuing operations before income taxes 60 2 Income taxes from continuing operations (15 ) (1 ) Consolidated net income $ 45 $ 1 Available-for-sale securities: Sale of securities Other income (loss) — net $ — $ 5 Income from continuing operations before income taxes — 5 Income taxes from continuing operations — (1 ) Consolidated net income $ — $ 4 Pension and other benefit liabilities: Settlement charges Other income (loss) — net $ 86 $ 86 Recognized net actuarial loss Other income (loss) — net 30 65 Recognized prior service costs (credits) Other income (loss) — net (1 ) (3 ) Divestitures, deconsolidations and other 2 Other income (loss) — net (4 ) (4 ) Income from continuing operations before income taxes 111 144 Income taxes from continuing operations (29 ) (37 ) Consolidated net income $ 82 $ 107 1 Primarily related to the reversal of the cumulative translation adjustments resulting from the substantial liquidation of the Company's former Russian juice operations. 2 Primarily related to the refranchising of our Latin American bottling operations.

Changes in Equity

Changes in Equity	6 Months Ended
	Jun. 29, 2018
Changes in Equity [Abstract]
Changes in Equity	CHANGES IN EQUITY The following table provides a reconciliation of the beginning and ending carrying amounts of total equity, equity attributable to shareowners of The Coca-Cola Company and equity attributable to noncontrolling interests (in millions): Shareowners of The Coca-Cola Company Common Shares Outstanding Total Reinvested Earnings Accumulated Other Comprehensive Income (Loss) Common Stock Capital Surplus Treasury Stock Non- controlling Interests December 31, 2017 4,259 $ 18,977 $ 60,430 $ (10,305 ) $ 1,760 $ 15,864 $ (50,677 ) $ 1,905 Adoption of accounting standards 1 — 2,605 3,014 (409 ) — — — — Comprehensive income (loss) — 2,573 3,684 (1,060 ) — — — (51 ) Dividends paid/payable to shareowners of The Coca-Cola Company — (3,320 ) (3,320 ) — — — — — Dividends paid to noncontrolling interests — (13 ) — — — — — (13 ) Business combinations including purchase accounting adjustments — 13 — — — — — 13 Purchases of treasury stock (27 ) (1,210 ) — — — — (1,210 ) — Impact related to stock compensation plans 21 552 — — — 253 299 — Other activities — (1 ) — — — — — (1 ) June 29, 2018 4,253 $ 20,176 $ 63,808 $ (11,774 ) $ 1,760 $ 16,117 $ (51,588 ) $ 1,853 1 Refer to Note 1 , Note 3 , Note 4 and Note 14 .

Significant Operating and Nonop

Significant Operating and Nonoperating Items	6 Months Ended
	Jun. 29, 2018
Significant Operating and Nonoperating Items
Significant Operating and Nonoperating Items	SIGNIFICANT OPERATING AND NONOPERATING ITEMS Other Operating Charges During the three months ended June 29, 2018 , the Company recorded other operating charges of $225 million . These charges primarily consisted of $111 million related to the Company's productivity and reinvestment program. In addition, other operating charges included $60 million of CCR asset impairments and $34 million related to costs incurred to refranchise certain of our North America bottling operations. Costs related to refranchising 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 North America bottling system. Other operating charges also included $22 million related to tax litigation expense. Refer to Note 8 for additional information related to the tax litigation. Refer to Note 12 for additional information on the Company's productivity and reinvestment program. Refer to Note 15 for information on how the Company determined the asset impairment charges. Refer to Note 16 for the impact these charges had on our operating segments. During the six months ended June 29, 2018 , the Company recorded other operating charges of $761 million . These charges primarily consisted of $450 million of CCR asset impairments and $206 million related to the Company's productivity and reinvestment program. In addition, other operating charges included $79 million related to costs incurred to refranchise certain of our North America bottling operations. Costs related to refranchising 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 North America bottling system. Other operating charges also included $27 million related to tax litigation expense. Refer to Note 8 for additional information related to the tax litigation. Refer to Note 12 for additional information on the Company's productivity and reinvestment program. Refer to Note 15 for information on how the Company determined the asset impairment charges. Refer to Note 16 for the impact these charges had on our operating segments. During the three months ended June 30, 2017 , the Company recorded other operating charges of $826 million . These charges primarily consisted of $653 million of CCR asset impairments and $87 million related to the Company's productivity and reinvestment program. In addition, other operating charges included $47 million related to costs incurred to refranchise certain of our bottling operations. Costs related to refranchising 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 North America bottling system. Other operating charges also included $14 million related to the impairment of a Venezuelan intangible asset and $19 million related to tax litigation expense. Refer to Note 1 for additional information about the Venezuelan intangible asset and Note 15 for information on how the Company determined the asset impairment charges. Refer to Note 8 for additional information related to the tax litigation. Refer to Note 12 for additional information on the Company's productivity and reinvestment program. Refer to Note 16 for the impact these charges had on our operating segments. During the six months ended ended June 30, 2017 , the Company recorded other operating charges of $1,116 million . These charges primarily consisted of $737 million of CCR asset impairments and $226 million related to the Company's productivity and reinvestment program. In addition, other operating charges included $86 million related to costs incurred to refranchise certain of our bottling operations, $34 million related to impairments of Venezuelan intangible assets and $25 million related to tax litigation expense. Refer to Note 1 for additional information about the Venezuelan intangible assets and Note 15 for information on how the Company determined the asset impairment charges. Refer to Note 8 for additional information related to the tax litigation. Refer to Note 12 for additional information on the Company's productivity and reinvestment program. Refer to Note 16 for the impact these charges had on our operating segments. Other Nonoperating Items Interest Expense During the three and six months ended June 30, 2017 , the Company recorded a net charge of $38 million related to the extinguishment of long-term debt. Equity Income (Loss) — Net During the three and six months ended June 29, 2018 , the Company recorded net charges of $33 million and $84 million , respectively. During the three and six months ended June 30, 2017 , the Company recorded a net gain of $37 million and a net charge of $21 million , respectively. These amounts represent the Company's proportionate share of significant operating and nonoperating items recorded by certain of our equity method investees. Refer to Note 16 for the impact these items had on our operating segments. Other Income (Loss) — Net During the three months ended June 29, 2018 , the Company recorded charges of $86 million related to pension settlements and net charges of $102 million due to the refranchising of certain bottling territories in North America. The Company also recorded an other-than-temporary impairment charge of $52 million related to one of our equity method investees. These charges were partially offset by a net gain of $36 million related to the refranchising of our Latin American bottling operations and a net gain of $36 million related to realized and unrealized gains and losses on equity securities and trading debt securities as well as realized gains and losses on available-for-sale debt securities. Refer to Note 1 and Note 4 for additional information on equity and debt securities. Refer to Note 2 for additional information on refranchising activities. Refer to Note 16 for the impact these items had on our operating segments. During the six months ended June 29, 2018 , the Company recorded charges of $86 million related to pension settlements and net charges of $104 million due to the refranchising of certain bottling territories in North America. The Company also recorded an other-than-temporary impairment charge of $52 million related to one of our equity method investees and a net loss of $49 million related to realized and unrealized gains and losses on equity securities and trading debt securities as well as realized gains and losses on available-for-sale debt securities. Additionally, the Company recognized a net loss of $33 million primarily related to the reversal of the cumulative translation adjustments resulting from the substantial liquidation of the Company's former Russian juice operations and charges of $21 million primarily 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. These charges were partially offset by a net gain of $36 million related to the refranchising of our Latin American bottling operations. Refer to Note 1 and Note 4 for additional information on equity and debt securities. Refer to Note 2 for additional information on refranchising activities and North America conversion payments. Refer to Note 16 for the impact these items had on our operating segments. During the three months ended June 30, 2017 , the Company recognized a gain of $445 million related to the integration of Coca‑Cola West Co., Ltd. ("CCW") and Coca-Cola East Japan Co., Ltd. ("CCEJ") to establish Coca-Cola Bottlers Japan Inc., now known as Coca-Cola Bottlers Japan Holdings Inc. ("CCBJHI"). In exchange for our previously existing equity interests in CCW and CCEJ, we received an approximate 17 percent equity interest in CCBJHI with a fair market value of $1,112 million as of April 1, 2017. The Company accounts for its 17 percent interest in CCBJHI as an equity method investment based on our equity ownership percentage, our representation on CCBJHI's Board of Directors, material intercompany transactions and other governance rights. The Company also recognized a $25 million gain as a result of Coca‑Cola FEMSA, an equity method investee, issuing additional shares of its stock during the period at a per share amount greater than the carrying value of the Company's per share investment and a gain of $9 million related to refranchising a substantial portion of our China bottling operations. These gains were partially offset by a net charge of $214 million due to the refranchising of certain bottling territories in North America and charges of $109 million primarily 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. The Company also incurred a charge of $26 million related to our former German bottling operations. Refer to Note 2 for additional information on refranchising activities and the conversion payments. Refer to Note 16 for the impact these items had on our operating segments. During the six months ended June 30, 2017 , the Company recognized net charges of $711 million due to the refranchising of certain bottling territories in North America and charges of $215 million primarily 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. The Company also incurred a charge of $26 million related to our former German bottling operations and net charges of $15 million resulting from special termination benefits and curtailment credits related to refranchising certain of our North America bottling operations. These charges were partially offset by a gain of $445 million related to the integration of CCW and CCEJ to establish CCBJHI. In exchange for our previously existing equity interests in CCW and CCEJ, we received an approximate 17 percent equity interest in CCBJHI. The Company also recognized a $25 million gain as a result of Coca‑Cola FEMSA, an equity method investee, issuing additional shares of its stock during the period at a per share amount greater than the carrying value of the Company's per share investment and a gain of $9 million related to refranchising a substantial portion of our China bottling operations. Refer to Note 2 for additional information on refranchising activities and the conversion payments. Refer to Note 13 for additional information on the special termination benefit charges and curtailment credits. Refer to Note 16 for the impact these items had on our operating segments.

Productivity, Integration and R

Productivity, Integration and Restructuring Initiatives	6 Months Ended
	Jun. 29, 2018
Productivity integration and restructuring initiatives
Productivity, Integration and Restructuring Initiatives[Text Block]	PRODUCTIVITY AND REINVESTMENT PROGRAM In February 2012, the Company announced a 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 Coca-Cola Enterprises Inc.'s former North American bottling operations. In February 2014, the Company announced the expansion of our productivity and reinvestment program to drive incremental productivity 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. In April 2017, the Company announced its plans to transition to a new, more agile operating model to enable growth. Under this operating model, our business units will be supported by an expanded enabling services organization and a corporate center focused on a few strategic initiatives, policy and governance. The expanded enabling services organization will focus on both simplifying and standardizing key transactional processes and providing support to business units through global centers of excellence. The Company has incurred total pretax expenses of $3,303 million related to this program since it commenced. These expenses were recorded in the line items other operating charges and other income (loss) — net in our condensed consolidated statements of income. Refer to Note 16 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 as of and for the three months ended June 29, 2018 (in millions): Accrued Balance March 30, 2018 Costs Incurred Three Months Ended June 29, 2018 Payments Noncash and Exchange Accrued Balance June 29, 2018 Severance pay and benefits $ 142 $ 48 $ (70 ) $ (41 ) $ 79 Outside services 8 20 (22 ) — 6 Other direct costs 11 82 (79 ) (1 ) 13 Total $ 161 $ 150 $ (171 ) $ (42 ) $ 98 The following table summarizes the balance of accrued expenses related to these productivity and reinvestment initiatives and the changes in the accrued amounts as of and for the six months ended June 29, 2018 (in millions): Accrued Balance December 31, 2017 Costs Incurred Six Months Ended June 29, 2018 Payments Noncash and Exchange Accrued Balance June 29, 2018 Severance pay and benefits $ 190 $ 81 $ (154 ) $ (38 ) $ 79 Outside services 1 38 (33 ) — 6 Other direct costs 15 126 (128 ) — 13 Total $ 206 $ 245 $ (315 ) $ (38 ) $ 98

Pension and Other Postretiremen

Pension and Other Postretirement Benefit Plans	6 Months Ended
	Jun. 29, 2018
Pension and Other Postretirement Benefit Plans
Pension and Other Postretirement Benefit Plans	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 Three Months Ended June 29, June 30, June 29, June 30, Service cost $ 31 $ 50 $ 2 $ 4 Interest cost 73 78 6 7 Expected return on plan assets 1 (162 ) (163 ) (4 ) (3 ) Amortization of prior service cost (credit) 2 — (3 ) (4 ) Amortization of net actuarial loss 29 45 1 2 Net periodic benefit cost (income) (27 ) 10 2 6 Curtailment credits 2 — — — (42 ) Settlement charges 2 86 — — — Special termination benefits 2 — 39 — — Total cost (income) recognized in condensed consolidated statements of income $ 59 $ 49 $ 2 $ (36 ) 1 The weighted-average expected long-term rates of return on plan assets used in computing 2018 net periodic benefit cost are 8.0 percent for pension benefit plans and 4.5 percent for other benefit plans. 2 The curtailment credits, settlement charges and special termination benefits were primarily related to North America refranchising and the Company's productivity and reinvestment program. Refer to Note 2 and Note 12 . Pension Benefits Other Benefits Six Months Ended June 29, June 30, June 29, June 30, Service cost $ 63 $ 100 $ 5 $ 9 Interest cost 146 156 12 15 Expected return on plan assets 1 (330 ) (324 ) (7 ) (6 ) Amortization of prior service cost (credit) 4 — (7 ) (9 ) Amortization of net actuarial loss 63 89 2 4 Net periodic benefit cost (income) (54 ) 21 5 13 Curtailment credits 2 — — — (42 ) Settlement charges 2 86 — — — Special termination benefits 2 — 57 — — Total cost (income) recognized in condensed consolidated statements of income $ 32 $ 78 $ 5 $ (29 ) 1 The weighted-average expected long-term rates of return on plan assets used in computing 2018 net periodic benefit cost are 8.0 percent for pension benefit plans and 4.5 percent for other benefit plans. 2 The curtailment credits, settlement charges and special termination benefits were primarily related to North America refranchising and the Company's productivity and reinvestment program. Refer to Note 2 and Note 12 . All of the amounts in the tables above, other than service cost, were recorded in the line item other income (loss) — net in our condensed consolidated statements of income. During the six months ended June 29, 2018 , the Company contributed $ 34 million to our pension plans, and we anticipate making additional contributions of approximately $ 63 million during the remainder of 2018. The Company contributed $ 55 million to our pension plans during the six months ended June 30, 2017 .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 29, 2018
Income taxes
Income Taxes	INCOME TAXES At the end of each interim period, we make our best estimate of the effective tax rate expected to be applicable for the full fiscal year. This estimate reflects, among other items, our best estimate of operating results and foreign currency exchange rates. Based on current tax laws, the Company's effective tax rate in 2018 is expected to be 21.0 percent before considering the potential impact of further clarification of certain matters related to the Tax Reform Act and any unusual or special items that may affect our effective tax rate. On September 17, 2015, the Company received a Statutory Notice of Deficiency from the IRS for the tax years 2007 through 2009, after a five-year audit. Refer to Note 8 . The Company recorded income tax expense on income from continuing operations of $594 million ( 20.6 percent effective tax rate) and $1,252 million ( 47.7 percent effective tax rate) during the three months ended June 29, 2018 and June 30, 2017 , respectively. The Company recorded income tax expense on income from continuing operations of $1,100 million ( 23.3 percent effective tax rate) and $1,575 million ( 38.1 percent effective tax rate) during the six months ended June 29, 2018 and June 30, 2017 , respectively. During the three and six months ended June 29, 2018 , the Company recorded income tax expense on income from discontinued operations of $16 million ( 27.7 percent effective tax rate) and $56 million ( 32.7 percent effective tax rate), respectively. The following table illustrates the income tax expense (benefit) associated with significant operating and nonoperating items for the interim periods presented (in millions): Three Months Ended Six Months Ended June 29, June 30, June 29, June 30, Asset impairments $ (16 ) 1 $ (164 ) 9 $ (116 ) 1 $ (164 ) 9 Productivity and reinvestment program (34 ) 2 (31 ) 10 (57 ) 2 (83 ) 10 Transaction gains and losses (16 ) 3 707 11 (33 ) 4 533 12 Certain tax matters (37 ) 5 (40 ) 13 89 6 (70 ) 13 Other — net 3 7 (12 ) 14 (15 ) 8 (29 ) 15 1 Related to charges of $112 million and $502 million during the three and six months ended June 29, 2018 , respectively, due to impairments of certain of the Company's assets. Refer to Note 11 and Note 15 . 2 Related to charges of $111 million and $206 million during the three and six months ended June 29, 2018 , respectively, due to the Company's productivity and reinvestment program. Also related to pension settlement charges of $39 million during the three and six months ended June 29, 2018 . Refer to Note 11 , Note 12 and Note 13 . 3 Related to charges of $152 million , which included pretax charges of $47 million related to pension settlements , charges of $34 million related to costs incurred to refranchise certain of our bottling operations, charges of $2 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 and net charges of $102 million as a result of the refranchising of certain bottling territories in North America, partially offset by a net gain of $36 million related to the refranchising of our Latin American bottling operations. Refer to Note 2 , Note 11 and Note 13 . 4 Related to charges of $251 million , which included pretax charges of $79 million related to costs incurred to refranchise certain of our bottling operations, charges of $47 million related to pension settlements, charges of $33 million primarily related to the reversal of the cumulative translation adjustments resulting from the substantial liquidation of the Company's former Russian juice operations, charges of $21 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 and net charges of $104 million as a result of the refranchising of certain bottling territories in North America, partially offset by a net gain of $36 million related to the refranchising of our Latin American bottling operations. Refer to Note 2 , Note 11 and Note 13 . 5 Related to $42 million of income tax benefit primarily as a result of adjustments to our provisional remeasurement of deferred taxes recorded as of December 31, 2017, related to the Tax Reform Act signed into law on December 22, 2017. The Company also recorded $3 million of excess tax benefits recorded in association with the Company's share-based compensation arrangements. These tax benefits were partially offset by a net tax charge of $8 million for changes to our uncertain tax positions, including interest and penalties, as well as for agreed upon tax matters. 6 Related to $134 million of income tax expense primarily as a result of adjustments to our provisional remeasurement of deferred taxes recorded as of December 31, 2017, related to the Tax Reform Act signed into law on December 22, 2017. The Company also recorded a net tax charge of $42 million for changes to our uncertain tax positions, including interest and penalties, as well as for agreed upon tax matters. These charges were partially offset by $87 million of excess tax benefits recorded in association with the Company's share-based compensation arrangements. 7 Related to charges of $14 million , which primarily consisted of a net charge of $33 million due to our proportionate share of unusual or infrequent items recorded by certain of our equity method investees and a charge of $22 million due to tax litigation expense, partially offset by a gain of $36 million related to realized and unrealized gains and losses on equity securities and trading debt securities as well as realized gains and losses on available-for-sale debt securities. Refer to Note 11 . 8 Related to charges of $156 million , which primarily consisted of a net charge of $84 million due to our proportionate share of unusual or infrequent items recorded by certain of our equity method investees, a net loss of $49 million related to realized and unrealized gains and losses on equity securities and trading debt securities as well as realized gains and losses on available-for-sale debt securities and a charge of $27 million due to tax litigation expense. Refer to Note 11 . 9 Related to charges of $667 million and $771 million during the three and six months ended June 30, 2017 , respectively, due to the impairment of certain assets. Refer to Note 11 and Note 15 . 10 Related to charges of $87 million and $226 million during the three and six months ended June 30, 2017 , respectively. These charges were due to the Company's productivity and reinvestment program. Refer to Note 12 . 11 Related to a net gain of $82 million , which primarily consisted of a $445 million gain related to the merger of CCW and CCEJ, a $25 million gain related to Coca-Cola FEMSA, an equity method investee, issuing additional shares of its stock and a $9 million gain related to refranchising a substantial portion of our China bottling operations. These gains were partially offset by a net charge of $214 million as a result of the refranchising of certain bottling territories in North America, charges of $109 million primarily 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, a charge of $44 million related to costs incurred to refranchise certain of our bottling operations and a charge of $26 million related to our former German bottling operations. Refer to Note 2 and Note 11 . 12 Related to charges of $583 million , which primarily consisted of $711 million of net charges as a result of the refranchising of certain bottling territories in North America, charges of $215 million primarily 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, $101 million related to costs incurred to refranchise certain of our bottling operations and a charge of $26 million related to our former German bottling operations. These charges were partially offset by a $445 million gain related to the merger of CCW and CCEJ, a $25 million gain related to Coca‑Cola FEMSA, an equity method investee, issuing additional shares of its stock and a $9 million gain related to refranchising a substantial portion of our China bottling operations. Refer to Note 2 and Note 11 . 13 Related to $29 million and $82 million of excess tax benefits associated with the Company's share-based compensation arrangements during the three and six months ended June 30, 2017 , respectively, and the tax benefit associated with the reversal of valuation allowances in certain of the Company's foreign jurisdictions, both of which were partially offset by changes to our uncertain tax positions, including interest and penalties. The components of the net change in uncertain tax positions were individually insignificant. 14 Related to charges of $22 million , which primarily consisted of a $38 million net charge related to the extinguishment of long-term debt and $19 million due to tax litigation expense, partially offset by a $37 million net gain due to our proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 11 . 15 Related to charges of $86 million , which primarily consisted of a $38 million net charge related to the extinguishment of long-term debt, $25 million due to tax litigation expense and a $21 million net charge due to our proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 11 . In October 2016, the FASB issued ASU 2016-16, 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 was effective for the Company beginning January 1, 2018 and was adopted using a modified retrospective basis. We recorded a $2.9 billion cumulative effect adjustment to increase the opening balance of reinvested earnings with the majority of the offset being recorded as a deferred tax asset. This amount is primarily related to trademarks and other intangible assets and was recorded as a deferred tax asset in the line item deferred income tax assets in our condensed consolidated balance sheet. The Company evaluates the recoverability of our deferred tax assets in accordance with U.S. GAAP. We perform our recoverability tests on a quarterly basis, or more frequently, to determine whether it is more likely than not that any of our deferred tax assets will not be realized within their life cycle based on the available evidence. 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. The Tax Reform Act was signed into law on December 22, 2017. Among other things, the Tax Reform Act reduces the U.S. federal corporate tax rate from 35.0 percent to 21.0 percent effective for tax years beginning after December 31, 2017 , transitions the U.S. method of taxation from a worldwide tax system to a modified territorial system and requires companies to pay a one-time transition tax over a period of eight years on the mandatory deemed repatriation of prescribed foreign earnings as of December 31, 2017 . We are applying the guidance in the U.S. Securities and Exchange Commission ("SEC") Staff Accounting Bulletin No. 118 ("SAB 118") when accounting for the enactment date effects of the Tax Reform Act. As of June 29, 2018 , we have not completed our accounting for the tax effects of the Tax Reform Act; however, in certain cases, we have made a reasonable estimate of the effects of the Tax Reform Act. In other cases, we have not been able to make a reasonable estimate and continue to account for those items under ASC 740, Income Taxes , and the provisions of the tax laws that were in effect immediately prior to enactment of the Tax Reform Act. In all cases, we will continue to make and refine our calculations as additional analysis is completed. Our estimates may also be affected as we gain a more thorough understanding of the Tax Reform Act. These changes could be material to income tax expense. The one-time transition tax is based on our total accumulated post-1986 prescribed foreign earnings and profits ("E&P") estimated to be approximately $42 billion , the majority of which was previously considered to be indefinitely reinvested and, accordingly, no U.S. federal and state income taxes had been provided. We have not made any adjustments as of June 29, 2018 to either our reasonable estimate of $4.6 billion originally recorded as a provisional tax amount for our one-time transition tax liability or the reasonable estimate of $0.6 billion provisional deferred tax for the related withholding taxes and state income taxes. Because of the complexities of the Tax Reform Act, we are still finalizing our calculation of the total accumulated post-1986 prescribed E&P for the applicable foreign entities. Further, the transition tax is based in part on the amount of those earnings held in cash and other specified assets. This amount may change when we finalize the calculation of post-1986 prescribed foreign E&P and finalize the amounts held in cash or other specified assets. No additional income taxes have been provided for any additional outside basis differences inherent in these entities, as these amounts, as of June 29, 2018 , continue to be provisionally indefinitely reinvested. Determining the amount of unrecognized deferred tax liability related to any additional outside basis differences in these entities (i.e., basis differences in excess of that subject to the one-time transition tax) is not practicable. We also remeasured and adjusted certain deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future, which is generally 21.0 percent . However, as of June 29, 2018 , we are still analyzing certain aspects of the Tax Reform Act and refining our calculations, which could affect the measurement of these balances or give rise to new deferred tax amounts. The provisional amount recorded related to the remeasurement and adjustments of our deferred tax balance was a tax benefit of $1.6 billion . Upon further analyses of certain aspects of the Tax Reform Act and refinement of our calculations during the three months ended June 29, 2018 , we reduced our provisional amount by $42 million (a 1.5 percentage point decrease to our effective tax rate), which resulted in a net increase in our provisional amount of $134 million (a 2.8 percentage point increase to our effective tax rate) during the six months ended June 29, 2018 . These adjustments are included as a component of income taxes from continuing operations. We do not consider the accounting for the enactment-date remeasurement of deferred tax assets and liabilities to be complete. The Global Intangible Low-Taxed Income ("GILTI") provisions of the Tax Reform Act require the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary's tangible assets. As of June 29, 2018 , because we are still evaluating the GILTI provisions and our analysis of future taxable income that is subject to GILTI, we have included GILTI related to current year operations only in our estimated annual effective tax rate and have not provided additional GILTI on deferred items. The Company has not yet elected an accounting policy related to how it will account for GILTI and therefore has not provided any deferred tax impacts of GILTI in its condensed consolidated financial statements for the three and six months ended June 29, 2018 .

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 29, 2018
Fair Value Measurements [Abstract]
Fair Value Disclosures [Text Block]	FAIR VALUE MEASUREMENTS U.S. GAAP defines 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 U.S. GAAP, 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 securities with readily determinable fair values, 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 Debt and Equity Securities The fair values of our investments in debt and equity 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 debt and equity securities classified as Level 2 are priced using quoted market prices for similar instruments or non-binding 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 values 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 fair values of our derivative instruments. The following tables summarize those assets and liabilities measured at fair value on a recurring basis (in millions): June 29, 2018 Level 1 Level 2 Level 3 Other 3 Netting Adjustment 4 Fair Value Measurements Assets: Equity securities with readily determinable values 1 $ 2,041 $ 188 $ 3 $ 67 $ — $ 2,299 Debt securities 1 — 6,292 19 — — 6,311 Derivatives 2 1 309 — — (194 ) 5 116 7 Total assets $ 2,042 $ 6,789 $ 22 $ 67 $ (194 ) $ 8,726 Liabilities: Derivatives 2 $ (8 ) $ (156 ) $ — $ — $ 117 6 $ (47 ) 7 Total liabilities $ (8 ) $ (156 ) $ — $ — $ 117 $ (47 ) 1 Refer to Note 4 for additional information related to the composition of our equity securities with readily determinable values and debt securities. 2 Refer to Note 6 for additional information related to the composition of our derivative portfolio. 3 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 4 . 4 Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle 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 6 . 5 The Company is obligated to return $86 million in cash collateral it has netted against its net asset derivative position. 6 The Company has the right to reclaim $1 million in cash collateral it has netted against its net liability derivative position. 7 The Company's derivative financial instruments are recorded at fair value in our condensed consolidated balance sheet as follows: $ 116 million in the line item other assets; $2 million in the line item liabilities held for sale — discontinued operations; and $ 45 million in the line item other liabilities. Refer to Note 6 for additional information related to the composition of our derivative portfolio. December 31, 2017 Level 1 Level 2 Level 3 Other 4 Netting Adjustment 5 Fair Value Measurements Assets: Trading securities 1 $ 212 $ 127 $ 3 $ 65 $ — $ 407 Available-for-sale securities 1 1,899 5,739 169 3 — — 7,807 Derivatives 2 7 250 — — (198 ) 6 59 8 Total assets $ 2,118 $ 6,116 $ 172 $ 65 $ (198 ) $ 8,273 Liabilities: Derivatives 2 $ (3 ) $ (262 ) $ — $ — $ 147 7 $ (118 ) 8 Total liabilities $ (3 ) $ (262 ) $ — $ — $ 147 $ (118 ) 1 Refer to Note 4 for additional information related to the composition of our trading securities and available-for-sale securities. 2 Refer to Note 6 for additional information related to the composition of our derivative portfolio. 3 Primarily related to 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 4 . 5 Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle 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 6 . 6 The Company is obligated to return $55 million in cash collateral it has netted against its derivative position. 7 The Company has the right to reclaim $2 million in cash collateral it has netted against its derivative position. 8 The Company's derivative financial instruments are recorded at fair value in our condensed consolidated balance sheet as follows:$ 59 million in the line item other assets; $28 million in the line item accounts payable and accrued expenses; $12 million in the line item liabilities held for sale — discontinued operations; and $ 78 million in the line item other liabilities. Refer to Note 6 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 three and six months ended June 29, 2018 and June 30, 2017 . 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 three and six months ended June 29, 2018 and June 30, 2017 . 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 U.S. GAAP. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges, or as a result of observable changes in equity securities using the measurement alternative. The gains and losses on assets measured at fair value on a nonrecurring basis are summarized in the table below (in millions): Gains (Losses) Three Months Ended Six Months Ended June 29, 2018 June 30, June 29, 2018 June 30, Other long lived assets $ (60 ) 1 $ (329 ) 3 $ (312 ) 1 $ (329 ) 3 Intangible assets — (338 ) 4 (138 ) 1 (442 ) 4 Assets held for sale 5 — (1,145 ) — (1,512 ) Other-than-temporary impairment charge (52 ) 2 — (52 ) 2 — Valuation of shares in equity method investees — 25 — 25 Total $ (112 ) $ (1,787 ) $ (502 ) $ (2,258 ) 1 The Company recognized losses of $60 million and $450 million during the three and six months ended June 29, 2018 , respectively, due to impairment charges on certain CCR intangible assets and fixed assets recorded in our Bottling Investments operating segment as a result of management's revised estimate of the proceeds that are expected to be received for the remaining bottling territories upon their refranchising. These charges were determined by comparing the fair value of the reporting unit, based on Level 3 inputs, to its carrying value. Refer to Note 11 . 2 The Company recognized an other-than-temporary impairment charge of $52 million during the three and six months ended June 29, 2018 related to one of our equity method investees, primarily driven by revised projections of future operating results. The fair value of this investment was derived using discounted cash flow analyses based on Level 3 inputs. 3 The Company recognized losses of $310 million during the three and six months ended June 30, 2017 due to impairment charges on certain CCR fixed assets and $19 million during the three and six months ended June 30, 2017 related to CCR other assets as a result of refranchising activities in North America. These charges were determined by comparing the expected future cash flows (undiscounted and without interest charges) to the related carrying amounts. 4 The Company recognized impairment charges of $291 million and $375 million during the three and six months ended June 30, 2017, respectively, related to CCR goodwill. These impairment charges were determined by comparing the fair value of the reporting unit, based on Level 3 inputs, to its carrying value. The Company also recognized an impairment charge of $33 million during the three and six months ended June 30, 2017, related to certain U.S. bottlers' franchise rights. This charge was determined by comparing the fair value of the asset to its current carrying value. Each of these impairment charges were primarily a result of refranchising activities in North America and management's estimates of the proceeds that were expected to be received for the remaining bottling territories upon their refranchising. Additionally, the Company recorded impairment charges of $14 million and $34 million during the three and six months ended June 30, 2017, respectively, related to Venezuelan intangible assets due to weaker sales and the volatility of foreign currency exchange rates resulting from continued political instability. The fair value of these assets was derived using discounted cash flow analyses based on Level 3 inputs. 5 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, which were calculated based on Level 3 inputs. Refer to Note 2 . Other Fair Value Disclosures The carrying amounts of cash and cash equivalents; short-term investments; trade accounts receivables; accounts payable and accrued expenses; and loans and notes payable approximate their fair values because of the short-term maturities of these 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 June 29, 2018 , the carrying amount and fair value of our long-term debt, including the current portion, were $ 32,086 million and $ 32,208 million , respectively. As of December 31, 2017 , the carrying amount and fair value of our long-term debt, including the current portion, were $ 34,480 million and $ 35,169 million , respectively.

Operating Segments

Operating Segments	6 Months Ended
	Jun. 29, 2018
Operating Segments [Abstract]
Operating Segments	OPERATING SEGMENTS Information about our Company's continuing operations by operating segment is as follows (in millions): Europe, Middle East & Africa Latin North Asia Pacific Bottling Corporate Eliminations Consolidated As of and for the three months ended June 29, 2018 Net operating revenues: Third party $ 2,046 $ 1,012 $ 3,046 $ 1,399 $ 1,235 $ 65 $ — $ 8,803 Intersegment 124 19 71 118 — — (208 ) 124 1 Total net operating revenues 2,170 1,031 3,117 1,517 1,235 65 (208 ) 8,927 Operating income (loss) 1,095 593 684 705 (56 ) (294 ) — 2,727 Income (loss) from continuing operations before income taxes 1,117 541 699 712 91 (277 ) — 2,883 Identifiable operating assets 8,838 1,847 18,346 2,429 3,696 26,137 — 61,293 2 Noncurrent investments 1,172 777 105 200 15,700 3,665 — 21,619 As of and for the three months ended June 30, 2017 Net operating revenues: 3 Third party $ 2,037 $ 935 $ 2,326 $ 1,384 $ 2,975 $ 45 $ — $ 9,702 Intersegment — 15 577 123 23 — (738 ) — Total net operating revenues 2,037 950 2,903 1,507 2,998 45 (738 ) 9,702 Operating income (loss) 3,4 1,076 559 755 709 (651 ) (411 ) — 2,037 Income (loss) from continuing operations before income taxes 3 1,111 559 659 716 (519 ) 98 — 2,624 Identifiable operating assets 5,409 1,787 17,423 2,340 8,157 34,027 — 69,143 Noncurrent investments 1,330 880 110 168 16,035 3,480 — 22,003 As of December 31, 2017 Identifiable operating assets $ 5,475 $ 1,896 $ 17,619 $ 2,072 $ 4,493 $ 27,060 $ — $ 58,615 5 Noncurrent investments 1,238 891 112 177 15,998 3,536 — 21,952 1 Intersegment revenues do not eliminate on a consolidated basis in the table above due to intercompany sales to our discontinued operations . 2 Identifiable operating assets excludes $6,681 million of assets held for sale — discontinued operations. 3 Amounts have been adjusted to reflect the reclassification of certain revenue streams from the Bottling Investments operating segment to the North America operating segment effective January 1, 2018 . 4 Amounts have been adjusted to reflect the adoption of ASU 2017-07. Refer to Note 1 . 5 Identifiable operating assets excludes $7,329 million of assets held for sale — discontinued operations. During the three months ended June 29, 2018 , the results of our operating segments were impacted by the following items: • Operating income (loss) and income (loss) from continuing operations before income taxes were reduced by $1 million for Latin America, $ 47 million for North America, $1 million for Asia Pacific, $ 16 million for Bottling Investments and $ 46 million for Corporate due to the Company's productivity and reinvestment program. Refer to Note 12 . • Operating income (loss) and income (loss) from continuing operations before income taxes were reduced by $60 million for Bottling Investments due to asset impairment charges. Refer to Note 11 and Note 15 . • Operating income (loss) and income (loss) from continuing operations before income taxes were reduced by $34 million for Bottling Investments due to costs incurred to refranchise certain of our bottling operations. Refer to Note 11 . • Operating income (loss) and income (loss) from continuing operations before income taxes were reduced by $22 million for Corporate due to tax litigation expense. Refer to Note 11 . • Income (loss) from continuing operations before income taxes was reduced by $102 million for Bottling Investments due to the refranchising of certain bottling territories in North America. Refer to Note 2 and Note 11 . • Income (loss) from continuing operations before income taxes was reduced by $52 million for Latin America due to an other-than-temporary impairment charge related to one of our equity method investees. Refer to Note 11 and Note 15 . • Income (loss) from continuing operations before income taxes was reduced by $47 million for Bottling Investments and $39 million for Corporate due to pension settlements. Refer to Note 11 and Note 13 . • Income (loss) from continuing operations before income taxes was reduced by $31 million for Bottling Investments and $2 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 11 . • Income (loss) from continuing operations before income taxes was increased by $36 million for Corporate related to realized and unrealized gains and losses on equity securities and trading debt securities as well as realized gains and losses on available-for-sale debt securities. Refer to Note 4 and Note 11 . • Income (loss) from continuing operations before income taxes was increased by $36 million for Corporate related to the refranchising of our Latin American bottling operations. Refer to Note 2 . During the three months ended June 30, 2017 , the results of our operating segments were impacted by the following items: • Operating income (loss) and income (loss) from continuing operations before income taxes were reduced by $1 million for Latin America, $49 million for North America, $2 million for Asia Pacific, $10 million for Bottling Investments and $31 million for Corporate due to the Company's productivity and reinvestment program. Operating income (loss) and income (loss) from continuing operations before income taxes were increased by $6 million for Europe, Middle East and Africa due to the refinement of previously established accruals related to the Company's productivity and reinvestment program. Refer to Note 12 . • Operating income (loss) was reduced by $47 million and income (loss) from continuing operations before income taxes was reduced by $44 million for Bottling Investments due to costs incurred to refranchise certain of our bottling operations. Refer to Note 2 . • Operating income (loss) and income (loss) from continuing operations before income taxes were reduced by $653 million for Bottling Investments and $14 million for Corporate due to asset impairment charges. Refer to Note 1 , Note 11 and Note 15 . • Income (loss) from continuing operations before income taxes was increased by $38 million for Bottling Investments and reduced by $1 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 11 . • Income (loss) from continuing operations before income taxes was reduced by $109 million for North America primarily 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) from continuing operations before income taxes was reduced by $214 million for Bottling Investments due to the refranchising of certain bottling territories in North America. Refer to Note 2 and Note 11 . • Income (loss) from continuing operations before income taxes was increased by $445 million for Corporate due to a gain recognized resulting from the merger of CCW and CCEJ. Refer to Note 11 . • Income (loss) from continuing operations before income taxes was increased by $9 million for Corporate due to a gain recognized upon refranchising a substantial portion of our China bottling operations. Refer to Note 2 . • Income (loss) from continuing operations before income taxes was increased by $25 million for Corporate due to Coca‑Cola FEMSA, an equity method investee, issuing additional shares of its stock during the period at a per share amount greater than the carrying value of the Company's per share investment. • Income (loss) from continuing operations before income taxes was reduced by $26 million for Corporate due to charges related to our former German bottling operations. • Income (loss) from continuing operations before income taxes was reduced by $38 million for Corporate due to the early extinguishment of long-term debt. Europe, Middle East & Africa Latin North Asia Pacific Bottling Corporate Eliminations Consolidated Six months ended June 29, 2018 Net operating revenues: Third party $ 3,738 $ 1,991 $ 5,671 $ 2,511 $ 2,286 $ 83 $ — $ 16,280 Intersegment 273 38 126 224 — — (388 ) 273 1 Total net operating revenues 4,011 2,029 5,797 2,735 2,286 83 (388 ) 16,553 Operating income (loss) 2,009 1,165 1,215 1,270 (517 ) (604 ) — 4,538 Income (loss) from continuing operations before income taxes 2,044 1,107 1,230 1,286 (297 ) (654 ) — 4,716 Six months ended June 30, 2017 Net operating revenues: 2 Third party $ 3,669 $ 1,848 $ 3,979 $ 2,462 $ 6,788 $ 74 $ — $ 18,820 Intersegment — 28 1,341 253 46 — (1,668 ) — Total net operating revenues 3,669 1,876 5,320 2,715 6,834 74 (1,668 ) 18,820 Operating income (loss) 2,3 1,936 1,064 1,329 1,250 (740 ) (839 ) — 4,000 Income (loss) from continuing operations before income taxes 2 1,996 1,066 1,136 1,265 (1,065 ) (267 ) — 4,131 1 Intersegment revenues do not eliminate on a consolidated basis in the table above due to intercompany sales to our discontinued operations . 2 Amounts have been adjusted to reflect the reclassification of certain revenue streams from the Bottling Investments operating segment to the North America operating segment effective January 1, 2018 . 3 Amounts have been adjusted to reflect the adoption of ASU 2017-07. Refer to Note 1 . During the six months ended June 29, 2018 , the results of our operating segments were impacted by the following items: • Operating income (loss) and income (loss) from continuing operations before income taxes were reduced by $2 million for Europe, Middle East and Africa, $3 million for Latin America, $99 million for North America, $1 million for Asia Pacific, $22 million for Bottling Investments and $79 million for Corporate due to the Company's productivity and reinvestment program. Refer to Note 12 . • Operating income (loss) and income (loss) from continuing operations before income taxes were reduced by $450 million for Bottling Investments due to asset impairment charges. Refer to Note 11 and Note 15 . • Operating income (loss) and income (loss) from continuing operations before income taxes were reduced by $79 million for Bottling Investments due to costs incurred to refranchise certain of our bottling operations. Refer to Note 11 . • Operating income (loss) and income (loss) from continuing operations before income taxes were reduced by $27 million for Corporate due to tax litigation expense. Refer to Note 11 . • Income (loss) from continuing operations before income taxes was reduced by $104 million for Bottling Investments due to the refranchising of certain bottling territories in North America. Refer to Note 2 and Note 11 . • Income (loss) from continuing operations before income taxes was reduced by $99 million for Bottling Investments and increased by $15 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 11 . • Income (loss) from continuing operations before income taxes was reduced by $52 million for Latin America due to an other-than-temporary impairment charge related to one of our equity method investees. Refer to Note 11 and Note 15 . • Income (loss) from continuing operations before income taxes was reduced by $49 million for Corporate related to realized and unrealized gains and losses on equity securities and trading debt securities as well as realized gains and losses on available-for-sale debt securities. Refer to Note 4 and Note 11 . • Income (loss) from continuing operations before income taxes was reduced by $47 million for Bottling Investments and $39 million for Corporate due to pension settlements. Refer to Note 11 and Note 13 . • Income (loss) from continuing operations before income taxes was reduced by $33 million for Bottling Investments primarily due to the reversal of the cumulative translation adjustments resulting from the substantial liquidation of the Company's former Russian juice operations. Refer to Note 11 . • Income (loss) from continuing operations before income taxes was reduced by $21 million for North America primarily 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) from continuing operations before income taxes was increased by $36 million for Corporate related to the refranchising of our Latin American bottling operations. Refer to Note 2 . During the six months ended June 30, 2017 , the results of our operating segments were impacted by the following items: • Operating income (loss) and income (loss) from continuing operations before income taxes were reduced by $1 million for Latin America, $84 million for North America, $3 million for Asia Pacific, $24 million for Bottling Investments and $118 million for Corporate due to the Company's productivity and reinvestment program. Operating income (loss) and income (loss) from continuing operations before income taxes were increased by $4 million for Europe, Middle East and Africa due to the refinement of previously established accruals related to the Company's productivity and reinvestment program. Refer to Note 12 . • Operating income (loss) was reduced by $86 million and income (loss) from continuing operations before income taxes was reduced by $101 million for Bottling Investments due to costs incurred to refranchise certain of our bottling operations. Refer to Note 2 . • Operating income (loss) and income (loss) from continuing operations before income taxes were reduced by $737 million for Bottling Investments and $34 million for Corporate due to asset impairment charges. Refer to Note 1 and Note 11 . • Income (loss) from continuing operations before income taxes was reduced by $4 million for Europe, Middle East and Africa, $15 million for Bottling Investments and $2 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 11 . • Income (loss) from continuing operations before income taxes was reduced by $215 million for North America primarily 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) from continuing operations before income taxes was reduced by $711 million for Bottling Investments due to the refranchising of certain bottling territories in North America. Refer to Note 2 and Note 11 . • Income (loss) from continuing operations before income taxes was increased by $445 million for Corporate due to a gain recognized resulting from the merger of CCW and CCEJ. Refer to Note 11 . • Income (loss) from continuing operations before income taxes was increased by $9 million for Corporate due to a gain recognized upon refranchising a substantial portion of our China bottling operations. Refer to Note 2 . • Income (loss) from continuing operations before income taxes was increased by $25 million for Corporate due to Coca‑Cola FEMSA, an equity method investee, issuing additional shares of its stock during the period at a per share amount greater than the carrying value of the Company's per share investment. • Income (loss) from continuing operations before income taxes was reduced by $26 million for Corporate due to charges related to our former German bottling operations. • Income (loss) from continuing operations before income taxes was reduced by $38 million for Corporate due to the early extinguishment of long-term debt.

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 29, 2018
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENT In July 2018, our Canadian bottling operations met the criteria to be classified as held for sale. Therefore, we were required to record the related assets and liabilities at the lower of carrying value or fair value less any costs to sell based on the estimated selling price. We expect to refranchise our Canadian bottling operations in the third quarter of 2018. The following table presents information related to the major classes of assets and liabilities related to these bottling operations, which were included in the Bottling Investments operating segment (in millions): Cash, cash equivalents and short-term investments $ 1 Trade accounts receivable, less allowances 191 Inventories 132 Prepaid expenses and other assets 34 Other investments 3 Other assets 240 Property, plant and equipment — net 188 Assets held for sale $ 789 Accounts payable and accrued expenses $ 239 Other liabilities 2 Liabilities held for sale $ 241

Summary of Significant Accoun23

Summary of Significant Accounting Policies Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 29, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation [Policy Text Block]	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. They do not include all information and notes required by U.S. GAAP for complete financial statements. However, except as disclosed herein, there has been no material change in the information disclosed in the Notes to Consolidated Financial Statements included in the Annual Report on Form 10-K of The Coca-Cola Company for the year ended December 31, 2017 . When used in these notes, the terms "The Coca-Cola Company," "Company," "we," "us" and "our" mean The Coca-Cola Company and all entities included in our condensed consolidated financial statements. In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 29, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018 . Sales of our nonalcoholic ready-to-drink beverages are somewhat seasonal, with the second and third calendar quarters accounting for the highest sales volumes. The volume of sales in the beverage business may be affected by weather conditions. Each of our interim reporting periods, other than the fourth interim reporting period, ends on the Friday closest to the last day of the corresponding quarterly calendar period. The second quarter of 2018 and the second quarter of 2017 ended on June 29, 2018 and June 30, 2017 , respectively. Our fourth interim reporting period and our fiscal year end on December 31 regardless of the day of the week on which December 31 falls. Certain prior year amounts in the condensed consolidated financial statements and accompanying notes have been revised to conform to the current year presentation as a result of the adoption of accounting standards that became effective January 1, 2018, as applicable. Refer to the "Recently Adopted Accounting Guidance" section within this note below for further details.
Advertising Costs, Policy [Policy Text Block]	Advertising Costs The Company's accounting policy related to advertising costs for annual reporting purposes is to expense 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. 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 that benefit multiple interim periods 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 Cost, Policy [Policy Text Block]	Shipping and Handling Costs Shipping and handling costs related to the movement of goods from our manufacturing locations to our sales distribution centers are included in the line item cost of goods sold in our condensed consolidated statements of income. Shipping and handling costs incurred to move goods from our manufacturing locations or sales distribution centers to our customers are also included in the line item cost of goods sold in our condensed consolidated statements of income, except for costs incurred to distribute goods sold by our Company-owned bottlers to our customers, which are included in the line item selling, general and administrative expenses. Our customers generally do not pay us separately for shipping and handling costs. Effective January 1, 2018 , we adopted Accounting Standards Codification 606, Revenue from Contracts with Customers ("ASC 606") . Upon adoption, we made a policy election to recognize the cost of shipping and handling activities that are performed after a customer obtains control of the goods as costs to fulfill our promise to provide goods to the customer. As a result of this election, the Company does not evaluate whether shipping and handling activities are services promised to customers. If revenue is recognized for the related goods before the shipping and handling activities occur, the related costs of those shipping and handling activities are accrued. Refer to Note 3 for additional information regarding revenue recognition.
Revenue, Transaction Price Measurement, Tax Exclusion [Policy Text Block]	Sales, Use, Value-Added and Excise Taxes The Company collects taxes imposed directly on its customers related to sales, use, value-added, excise and other similar taxes. The Company then remits such taxes on behalf of its customers to the applicable governmental authorities. Upon adoption of ASC 606, we made a policy election to exclude from net operating revenues the tax amounts imposed on revenue-producing transactions that were collected from our customers to be remitted to governmental authorities. Accordingly, such tax amounts are recorded in the line item trade accounts receivable in our consolidated balance sheet when collection of taxes from the customer has not yet occurred and are recorded in the line item accounts payable and accrued expenses in our consolidated balance sheet until they are remitted to the applicable governmental authorities. Taxes imposed directly on the Company, whether based on receipts from sales, inventory procurement costs, or manufacturing activities, are recorded in the line item cost of goods sold in our consolidated statement of income. Refer to Note 3 for additional information regarding revenue recognition.
Net income [Policy Text Block]	Net Income The following table presents information related to net income from continuing operations and net income from discontinued operations (in millions): Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 CONTINUING OPERATIONS Net income from continuing operations $ 2,289 $ 1,372 $ 3,616 $ 2,556 Less: Net income (loss) from continuing operations attributable to noncontrolling interests (1 ) 1 2 3 Net income from continuing operations attributable to shareowners of The Coca-Cola Company $ 2,290 $ 1,371 $ 3,614 $ 2,553 DISCONTINUED OPERATIONS Net income from discontinued operations $ 42 $ — $ 115 $ — Less: Net income from discontinued operations attributable to noncontrolling interests 16 — 45 — Net income from discontinued operations attributable to shareowners of $ 26 $ — $ 70 $ — CONSOLIDATED Consolidated net income $ 2,331 $ 1,372 $ 3,731 $ 2,556 Less: Net income attributable to noncontrolling interests 15 1 47 3 Net income attributable to shareowners of The Coca-Cola Company $ 2,316 $ 1,371 $ 3,684 $ 2,553
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash, Cash Equivalents, Restricted Cash and Restricted 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 or restricted cash equivalents, as applicable. Restricted cash and restricted cash equivalents generally consist of amounts held by our captive insurance companies, which are included in the line item other assets on our consolidated balance sheets and amounts classified in assets held for sale. We manage our exposure to counterparty credit risk through specific minimum credit standards, diversification of counterparties and procedures to monitor our concentrations of credit risk. The following table provides a summary of cash, cash equivalents, restricted cash and restricted cash equivalents that constitute the total amounts shown in the condensed consolidated statements of cash flows (in millions): June 29, December 31, Cash and cash equivalents $ 7,975 $ 6,006 Cash and cash equivalents included in assets held for sale — 13 Cash and cash equivalents included in assets held for sale — discontinued operations 173 97 Cash and cash equivalents included in other assets 1 221 257 Cash, cash equivalents, restricted cash and restricted cash equivalents $ 8,369 $ 6,373 June 30, 2017 December 31, 2016 Cash and cash equivalents $ 11,718 $ 8,555 Cash and cash equivalents included in assets held for sale 21 49 Cash and cash equivalents included in other assets 1 248 246 Cash, cash equivalents, restricted cash and restricted cash equivalents $ 11,987 $ 8,850 1 Amounts represent cash and cash equivalents in our solvency capital portfolio set aside primarily to cover pension obligations in certain of our European and Canadian pension plans. Refer to Note 4 .
Hyperinflationary Economies [Policy Text Block]	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. We sell concentrate to our bottling partner in Venezuela from outside the country. These sales are denominated in U.S. dollars. We also have certain U.S. dollar-denominated intangible assets associated with products sold in Venezuela. As a result of weaker sales and the volatility of foreign currency exchange rates resulting from continued political instability, we recorded impairment charges of $14 million and $34 million during the three and six months ended June 30, 2017 , respectively, in the line item other operating charges in our condensed consolidated statements of income. As a result of these impairment charges, the remaining carrying value of all U.S. dollar-denominated intangible assets associated with products sold in Venezuela is zero.
Recently Issued Accounting Guidance	Recently Issued Accounting Guidance Recently Adopted Accounting Guidance In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers , which replaces 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. ASU 2014-09 and its amendments were included primarily in ASC 606. The core principle of ASC 606 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. ASC 606 also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. We adopted ASC 606 effective January 1, 2018, using the modified retrospective method. We recognized a cumulative effect adjustment to decrease the opening balance of reinvested earnings as of January 1, 2018 by $257 million , net of tax. Refer to Note 3 . In January 2016, the FASB issued ASU 2016-01, Financial Instruments — Overall: Recognition and Measurement of Financial Assets and Financial Liabilities ("ASU 2016-01"), which addresses certain aspects of the recognition, measurement, presentation and disclosure of financial instruments. ASU 2016-01 was effective for the Company beginning January 1, 2018 and we are now recognizing any changes in the fair value of certain equity investments in net income as prescribed by the new standard rather than in other comprehensive income ("OCI"). We recognized a cumulative effect adjustment to increase the opening balance of reinvested earnings as of January 1, 2018 by $409 million , net of tax. Refer to Note 4 for additional disclosures required by this ASU. In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments , which addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. ASU 2016-15 was effective for the Company beginning January 1, 2018 and was adopted using the retrospective transition approach to all periods presented. The impact of the adoption of ASU 2016-15 on our consolidated statement of cash flows was a change in presentation related to our proceeds from the settlement of corporate-owned life insurance policies. We revised our condensed consolidated statement of cash flows to reflect these proceeds in the line item other investing activities, which were previously presented in the line item net change in operating assets and liabilities. During the six months ended June 30, 2017 , the amount of proceeds received from the settlement of corporate-owned life insurance policies was $49 million . In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory ("ASU 2016-16"), 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 was effective for the Company beginning January 1, 2018 and was adopted using a modified retrospective basis. We recorded a $2.9 billion cumulative effect adjustment to increase the opening balance of reinvested earnings with the majority of the offset being recorded as a deferred tax asset in the line item deferred income tax assets in our condensed consolidated balance sheet. Refer to Note 14 . 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 amounts generally described as 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 that an entity defines as restricted cash for purposes of this standard or otherwise does not present in the line item cash and cash equivalents on its balance sheet. ASU 2016-18 was effective for the Company beginning January 1, 2018 and was adopted using the retrospective transition method to all periods presented. Prior to the adoption of this ASU, we presented the transfer of cash and cash equivalents into or out of our captive insurance companies in the line items purchases of investments and proceeds from disposals of investments in our consolidated cash flow statement. We did not present the purchases of investments and proceeds from disposals of investments within our captive insurance companies. Cash flows related to cash and cash equivalents included in our insurance captives are now presented in the line items purchases of investments and proceeds from disposals of investments within the investing activities section of our consolidated statement of cash flows. During the six months ended June 30, 2017 , the purchases of investments and proceeds from disposals of investments within our captive insurance companies were $388 million and $ 384 million , respectively. Prior to the adoption of this ASU, we treated the change in cash and cash equivalents included in assets held for sale as an adjustment to the line item other investing activities within the statement of cash flows. With the adoption of this ASU, we no longer make this adjustment and restated the prior year to remove this adjustment. During the six months ended June 30, 2017 , the change in cash and cash equivalents included in assets held for sale was $28 million . Refer to the heading "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents" above for additional disclosures required by this ASU. 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 was effective for the Company beginning January 1, 2018 and was adopted prospectively. The impact on our consolidated financial statements will depend on the facts and circumstances of any specific future transactions. In March 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost ("ASU 2017-07"), which requires that the service cost component of the Company's net periodic pension cost and net periodic postretirement benefit cost be included in the same line item as other compensation costs arising from services rendered by employees, with the non-service components of net periodic benefit cost and other benefit plan charges and credits being classified outside of a subtotal of income from operations. ASU 2017-07 was effective for the Company beginning January 1, 2018 and was adopted retrospectively for the presentation of the other components of net periodic benefit cost and other benefit plan charges and credits in our condensed consolidated statements of income. As part of our adoption, we elected to use a practical expedient which allows us to use information previously disclosed in our note on pension and other postretirement benefit plans as the estimation basis for applying the retrospective presentation requirements of this ASU. For the three and six months ended June 30, 2017 , we reclassified $41 million and $60 million of income, respectively, related to our non-service cost components of net periodic benefit cost and other benefit plan charges and credits from operating income to other income (loss) — net in our condensed consolidated statements of income. Refer to Note 13 for additional disclosures required by this ASU. In March 2018, the FASB issued ASU 2018-05, Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. The amendments in this update provide guidance on when to record and disclose provisional amounts for certain income tax effects of the Tax Cuts and Jobs Act ("Tax Reform Act"). The amendments also require any provisional amounts or subsequent adjustments to be included in net income from continuing operations. Additionally, this ASU discusses required disclosures that an entity must make with regard to the Tax Reform Act. This ASU is effective immediately as new information is available to adjust provisional amounts that were previously recorded. The Company has adopted this standard and will continue to evaluate indicators that may give rise to a change in our tax provision as a result of the Tax Reform Act. Refer to Note 14 for additional information on the Tax Reform Act. Accounting Guidance Not Yet Adopted In February 2016, the FASB issued ASU 2016-02, Leases , which requires lessees to recognize right-of-use assets, representing their right to use the underlying asset for the lease term, and lease liabilities on the balance sheet for all leases with terms greater than 12 months. The guidance also modifies the classification criteria and the accounting for sales-type and direct financing leases by lessors. Additionally, the guidance requires qualitative and quantitative disclosures designed to assess the amount, timing and uncertainty of cash flows arising from leases. The Company is progressing with its preparation for the adoption and implementation of this new accounting standard, including assessing our lease arrangements, evaluating practical expedient and accounting policy elections, and implementing software to meet the reporting requirements of this standard. We have identified an interim software solution to be used upon adoption for lessee accounting and are in the process of evaluating a long-term software solution. The Company has established a cross-functional implementation team to assist in identifying changes to our business processes and controls to support adoption of the new standard. ASU 2016-02 is effective for the Company beginning January 1, 2019 . 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. The Company is currently planning on electing the package of practical expedients to not reassess prior conclusions related to contracts containing leases, lease classification and initial direct costs and is evaluating the other practical expedients available under the guidance. In March 2018, the FASB approved a new, optional transition method that will give companies the option to use the effective date as the date of initial application on transition. The Company plans to elect this transition method, and as a result, we will not adjust our comparative period financial information or make the new required lease disclosures for periods before the effective date. The Company anticipates the adoption of this new standard will result in a significant increase in lease-related assets and liabilities on our consolidated balance sheet. The impact on the Company's consolidated statement of income is being evaluated. As the impact of this standard is non-cash in nature, we do not anticipate its adoption having an impact on the Company's consolidated statement of cash flows. 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 it will have on our consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities , which eliminates the requirement to separately measure and report hedge ineffectiveness and requires companies to recognize all elements of hedge accounting that impact earnings in the same line item in the statement of income where the hedged item resides. The amendments include new alternatives for measuring the hedged item for fair value hedges of interest rate risk and ease the requirements for effectiveness testing, hedge documentation and applying the critical terms match method. Finally, the standard introduces new alternatives that permit companies to reduce the risk of material error if the shortcut method is misapplied. ASU 2017-12 is effective for the Company beginning January 1, 2019 and is required to be applied prospectively. The Company is currently evaluating the impact that ASU 2017-12 will have on our consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income , which permits entities to reclassify the disproportionate income tax effects of the Tax Reform Act on items within accumulated other comprehensive income (loss) ("AOCI") to retained earnings. These disproportionate income tax effect items are referred to as "stranded tax effects." Amendments in this update only relate to the reclassification of the income tax effects of the Tax Reform Act. Other accounting guidance that requires the effect of changes in tax laws or rates to be included in net income from continuing operations is not affected by this update. ASU 2018-02 is effective for the Company beginning January 1, 2019 and should be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Reform Act is recognized. The Company is currently evaluating the impact that ASU 2018-02 will have on our consolidated financial statements.

Summary of Significant Accoun24

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 29, 2018
Accounting Policies [Abstract]
Income from continuing operations and discontinued operations attributable to noncontrolling interests [Table Text Block]	The following table presents information related to net income from continuing operations and net income from discontinued operations (in millions): Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 CONTINUING OPERATIONS Net income from continuing operations $ 2,289 $ 1,372 $ 3,616 $ 2,556 Less: Net income (loss) from continuing operations attributable to noncontrolling interests (1 ) 1 2 3 Net income from continuing operations attributable to shareowners of The Coca-Cola Company $ 2,290 $ 1,371 $ 3,614 $ 2,553 DISCONTINUED OPERATIONS Net income from discontinued operations $ 42 $ — $ 115 $ — Less: Net income from discontinued operations attributable to noncontrolling interests 16 — 45 — Net income from discontinued operations attributable to shareowners of $ 26 $ — $ 70 $ — CONSOLIDATED Consolidated net income $ 2,331 $ 1,372 $ 3,731 $ 2,556 Less: Net income attributable to noncontrolling interests 15 1 47 3 Net income attributable to shareowners of The Coca-Cola Company $ 2,316 $ 1,371 $ 3,684 $ 2,553
Schedule of Cash and Cash Equivalents [Table Text Block]	The following table provides a summary of cash, cash equivalents, restricted cash and restricted cash equivalents that constitute the total amounts shown in the condensed consolidated statements of cash flows (in millions): June 29, December 31, Cash and cash equivalents $ 7,975 $ 6,006 Cash and cash equivalents included in assets held for sale — 13 Cash and cash equivalents included in assets held for sale — discontinued operations 173 97 Cash and cash equivalents included in other assets 1 221 257 Cash, cash equivalents, restricted cash and restricted cash equivalents $ 8,369 $ 6,373 June 30, 2017 December 31, 2016 Cash and cash equivalents $ 11,718 $ 8,555 Cash and cash equivalents included in assets held for sale 21 49 Cash and cash equivalents included in other assets 1 248 246 Cash, cash equivalents, restricted cash and restricted cash equivalents $ 11,987 $ 8,850 1 Amounts represent cash and cash equivalents in our solvency capital portfolio set aside primarily to cover pension obligations in certain of our European and Canadian pension plans. Refer to Note 4 .

Acquisitions and Divestitures A

Acquisitions and Divestitures Acquisitions and Divestitures (Tables)	6 Months Ended
	Jun. 29, 2018
Discontinued Operations and Disposal Groups [Abstract]
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 condensed consolidated balance sheets (in millions): December 31, 2017 Cash, cash equivalents and short-term investments $ 13 Trade accounts receivable, less allowances 10 Inventories 11 Prepaid expenses and other assets 12 Other assets 7 Property, plant and equipment — net 85 Bottlers' franchise rights with indefinite lives 5 Goodwill 103 Other intangible assets 1 Allowance for reduction of assets held for sale (28 ) Assets held for sale $ 219 1 Accounts payable and accrued expenses $ 22 Other liabilities 12 Deferred income taxes 3 Liabilities held for sale $ 37 2 1 Consists of total assets relating to North America refranchising of $9 million and the refranchising of Latin America bottling operations of $210 million , which are included in the Bottling Investments operating segment. 2 Consists of total liabilities relating to North America refranchising of $5 million and the refranchising of Latin America bottling operations of $32 million , which are included in the Bottling Investments operating segment.
Assets and Liabilities Held for Sale - Discontinued Operations	The following table presents information related to the major classes of assets and liabilities of CCBA that were classified as held for sale — discontinued operations in our condensed consolidated balance sheets (in millions): June 29, 2018 December 31, 2017 Cash, cash equivalents and short-term investments $ 173 $ 97 Trade accounts receivable, less allowances 257 299 Inventories 289 299 Prepaid expenses and other assets 68 52 Equity method investments 6 7 Other assets 39 29 Property, plant and equipment — net 1,440 1,436 Goodwill 3,660 4,248 Other intangible assets 749 862 Assets held for sale — discontinued operations $ 6,681 $ 7,329 Accounts payable and accrued expenses $ 542 $ 598 Loans and notes payable 439 404 Current maturities of long-term debt 6 6 Accrued income taxes 31 40 Long-term debt 17 19 Other liabilities 9 10 Deferred income taxes 412 419 Liabilities held for sale — discontinued operations $ 1,456 $ 1,496

Revenue Recognition Revenue R26

Revenue Recognition Revenue Recognition (Tables)	6 Months Ended
	Jun. 29, 2018
Revenue Recognition [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	The following tables compare the amounts reported in the condensed consolidated statements of income and condensed consolidated balance sheet to the amounts had the previous revenue recognition guidance been in effect (in millions): Three Months Ended June 29, 2018 Six Months Ended June 29, 2018 As Reported Balances without Adoption of ASC 606 Increase (Decrease) Due to Adoption As Reported Balances without Adoption of ASC 606 Increase (Decrease) Due to Adoption Net operating revenues $ 8,927 $ 8,767 $ 160 1 $ 16,553 $ 16,202 $ 351 1 Cost of goods sold 3,252 3,044 208 5,990 5,591 399 Gross profit 5,675 5,723 (48 ) 10,563 10,611 (48 ) Selling, general and administrative expenses 2,723 2,724 (1 ) 5,264 5,264 — Operating income 2,727 2,774 (47 ) 4,538 4,586 (48 ) Income from continuing operations before income taxes 2,883 2,930 (47 ) 4,716 4,764 (48 ) Income taxes from continuing operations 594 575 19 1,100 1,081 19 Net income from continuing operations 2,289 2,317 (28 ) 3,616 3,645 (29 ) Income from discontinued operations 42 43 (1 ) 115 113 2 Consolidated net income 2,331 2,360 (29 ) 3,731 3,758 (27 ) Net income attributable to shareowners of The Coca-Cola Company 2,316 2,345 (29 ) 3,684 3,711 (27 ) 1 The increase in net operating revenues was primarily due to the reclassification of shipping and handling costs. June 29, 2018 As Reported Balances without Adoption of ASC 606 Increase (Decrease) Due to Adoption ASSETS Trade accounts receivable $ 4,565 $ 4,503 $ 62 1 Prepaid expenses and other assets 2,543 2,545 (2 ) Total current assets 36,024 35,964 60 Deferred income tax assets 2,999 2,934 65 Total assets 89,593 89,468 125 LIABILITIES AND EQUITY Accounts payable and accrued expenses $ 10,842 $ 10,382 $ 460 2 Total current liabilities 31,398 30,938 460 Deferred income tax liabilities 2,589 2,640 (51 ) Reinvested earnings 63,808 64,092 (284 ) Total equity 20,176 20,460 (284 ) Total liabilities and equity 89,593 89,468 125 1 The increase was primarily due to incremental estimated variable consideration receivables from third-party customers. 2 The increase was primarily due to incremental estimated variable consideration payables due to third-party customers.
Disaggregation of Revenue [Table Text Block]	The following table presents net operating revenues disaggregated between the United States and International and further by line of business (in millions): United States International Total Three Months Ended June 29, 2018 Concentrate operations $ 1,258 $ 4,417 $ 5,675 Finished product operations 1,786 1,466 3,252 Total $ 3,044 $ 5,883 $ 8,927 Six Months Ended June 29, 2018 Concentrate operations $ 2,374 $ 8,196 $ 10,570 Finished product operations 3,258 2,725 5,983 Total $ 5,632 $ 10,921 $ 16,553

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017
Investments [Abstracts]
Unrealized Gain (Loss) on Investments	The calculation of net unrealized gains and losses for the period that relate to equity securities still held at June 29, 2018 is as follows (in millions): Three Months Ended Six Months Ended June 29, 2018 June 29, 2018 Net gains (losses) recognized during the period related to equity securities $ 38 $ (41 ) Less: Net gains (losses) recognized during the period related (1 ) 4 Unrealized gains (losses) recognized during the period related to equity securities still held at the end of the period $ 39 $ (45 )
Carrying value of equity securities by balance sheet location [Table Text Block]	As of June 29, 2018 , the carrying values of our equity securities were included in the following line items in our condensed consolidated balance sheet (in millions): Fair Value with Changes Recognized in Income Measurement Alternative — No Readily Determinable Fair Value Marketable securities $ 341 $ — Other investments 924 91 Other assets 1,034 — Total equity securities $ 2,299 $ 91
Equity securities by security type [Table Text Block]		As of December 31, 2017 , equity securities consisted of the following (in millions): Gross Unrealized Estimated Cost Gains Losses Fair Value Trading securities $ 324 $ 75 $ (4 ) $ 395 Available-for-sale securities 1,276 685 (66 ) 1,895 Total equity securities $ 1,600 $ 760 $ (70 ) $ 2,290
Fair value of equity securities by balance sheet location [Table Text Block]		As of December 31, 2017 , the fair values of our equity securities were included in the following line items in our condensed consolidated balance sheet (in millions): Trading Securities Available-for-Sale Securities Marketable securities $ 283 $ 52 Other investments — 953 Other assets 112 890 Total equity securities $ 395 $ 1,895
Schedule of Realized Gain (Loss) [Table Text Block]		The sale and/or maturity of available-for-sale equity securities resulted in the following realized activity (in millions): Three Months Ended Six Months Ended June 30, 2017 June 30, 2017 Gross gains $ 13 $ 35 Gross losses (5 ) (8 ) Proceeds 58 140
Schedule of debt securities [Table Text Block]	Our debt securities consisted of the following (in millions): Gross Unrealized Estimated Cost Gains Losses Fair Value June 29, 2018 Trading securities $ 38 $ — $ — $ 38 Available-for-sale securities 6,258 78 (63 ) 6,273 Total debt securities $ 6,296 $ 78 $ (63 ) $ 6,311 December 31, 2017 Trading securities $ 12 $ — $ — $ 12 Available-for-sale securities 5,782 157 (27 ) 5,912 Total debt securities $ 5,794 $ 157 $ (27 ) $ 5,924
Fair value of debt securities by balance sheet location [Table Text Block]	The fair values of our debt securities were included in the following line items in our condensed consolidated balance sheets (in millions): June 29, 2018 December 31, 2017 Trading Securities Available-for-Sale Securities Trading Securities Available-for-Sale Securities Cash and cash equivalents $ — $ 829 $ — $ 667 Marketable securities 38 5,157 12 4,970 Other assets — 287 — 275 Total debt securities $ 38 $ 6,273 $ 12 $ 5,912
Realized Gain (Loss) on Investments [Table Text Block]	The sale and/or maturity of available-for-sale debt securities resulted in the following realized activity (in millions): Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 Gross gains $ 8 $ 1 $ 8 $ 5 Gross losses (8 ) (2 ) (13 ) (6 ) Proceeds 3,236 3,398 6,323 6,410
Contractual maturity amounts of the investment securities	The contractual maturities of these available-for-sale debt securities as of June 29, 2018 were as follows (in millions): Cost Estimated Within 1 year $ 1,348 $ 1,345 After 1 year through 5 years 4,474 4,478 After 5 years through 10 years 121 136 After 10 years 315 314 Total $ 6,258 $ 6,273

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 29, 2018
Inventories
Inventories	Inventories consisted of the following (in millions): June 29, December 31, Raw materials and packaging $ 1,915 $ 1,729 Finished goods 751 693 Other 215 233 Total inventories $ 2,881 $ 2,655

Hedging Transactions and Deri29

Hedging Transactions and Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 29, 2018
Hedging Transactions and Derivative Financial Instruments
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 June 29, December 31, 2017 Assets: Foreign currency contracts Prepaid expenses and other assets $ 52 $ 45 Foreign currency contracts Other assets 112 79 Interest rate contracts Other assets 45 52 Total assets $ 209 $ 176 Liabilities: Foreign currency contracts Accounts payable and accrued expenses $ 24 $ 69 Foreign currency contracts Other liabilities 5 9 Foreign currency contracts Liabilities held for sale — discontinued operations — 8 Commodity contracts Liabilities held for sale — discontinued operations — 4 Interest rate contracts Accounts payable and accrued expenses — 30 Interest rate contracts Other liabilities 51 39 Total liabilities $ 80 $ 159 1 All of the Company's derivative instruments are carried at fair value in our condensed 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 15 for the net presentation of the Company's derivative instruments. 2 Refer to Note 15 for additional information related to the estimated fair value.
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]	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 June 29, December 31, 2017 Assets: Foreign currency contracts Prepaid expenses and other assets $ 76 $ 20 Foreign currency contracts Other assets 5 27 Commodity contracts Prepaid expenses and other assets 16 25 Commodity contracts Other assets — 1 Other derivative instruments Prepaid expenses and other assets 4 8 Total assets $ 101 $ 81 Liabilities: Foreign currency contracts Accounts payable and accrued expenses $ 23 $ 69 Foreign currency contracts Other liabilities 39 28 Foreign currency contracts Liabilities held for sale — discontinued operations 2 — Commodity contracts Accounts payable and accrued expenses 11 7 Commodity contracts Other liabilities 1 — Other derivative instruments Accounts payable and accrued expenses 7 1 Other derivative instruments Other liabilities 1 1 Total liabilities $ 84 $ 106 1 All of the Company's derivative instruments are carried at fair value in our condensed 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 15 for the net presentation of the Company's derivative instruments. 2 Refer to Note 15 for additional information related to the estimated fair value.
Derivative instruments, designated as hedging instruments, gain (loss) in statement of financial performance	The following tables present the pretax impact that changes in the fair values of derivatives designated as cash flow hedges had on AOCI and earnings (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) Three Months Ended June 29, 2018 Foreign currency contracts $ 65 Net operating revenues $ 39 $ 1 Foreign currency contracts 14 Cost of goods sold 2 — 2 Foreign currency contracts — Interest expense (2 ) — Foreign currency contracts (79 ) Other income (loss) — net (87 ) (3 ) Interest rate contracts — Interest expense (10 ) — Total $ — $ (58 ) $ (2 ) Three Months Ended June 30, 2017 Foreign currency contracts $ (94 ) Net operating revenues $ 116 $ (1 ) Foreign currency contracts (5 ) Cost of goods sold 2 — 2 Foreign currency contracts — Interest expense (3 ) — Foreign currency contracts (2 ) Other income (loss) — net 25 8 Interest rate contracts (25 ) Interest expense (9 ) 2 Total $ (126 ) $ 131 $ 9 1 The Company records gains and losses reclassified from AOCI into income for the effective portion and the ineffective portion, if any, to the same line items in our condensed consolidated statements of income. 2 Includes a de minimis amount of ineffectiveness in the hedging relationship. 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) Six Months Ended June 29, 2018 Foreign currency contracts $ 8 Net operating revenues $ 54 $ 1 Foreign currency contracts 10 Cost of goods sold 1 — 2 Foreign currency contracts — Interest expense (4 ) — Foreign currency contracts 26 Other income (loss) — net (20 ) 2 Foreign currency contracts — Income from discontinued operations — (3 ) Interest rate contracts 22 Interest expense (20 ) (8 ) Commodity contracts — Income from discontinued operations — (5 ) Total $ 66 $ 11 $ (13 ) Six Months Ended June 30, 2017 Foreign currency contracts $ (181 ) Net operating revenues $ 223 $ (1 ) Foreign currency contracts (16 ) Cost of goods sold 5 — 2 Foreign currency contracts — Interest expense (5 ) — Foreign currency contracts 13 Other income (loss) — net 52 — 2 Interest rate contracts (24 ) Interest expense (17 ) 2 Commodity contracts (1 ) Cost of goods sold 1 — Total $ (209 ) $ 259 $ 1 1 The Company records gains and losses reclassified from AOCI into income for the effective portion and the ineffective portion, if any, to the same line items in our condensed 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 tables summarize the pretax impact that changes in the fair values of derivatives designated as fair value hedges had on earnings (in millions): Hedging Instruments and Hedged Items Location of Gain (Loss) Recognized in Income Gain (Loss) Recognized in Income 1 Three Months Ended June 29, June 30, Interest rate contracts Interest expense $ (3 ) $ (23 ) Fixed-rate debt Interest expense (5 ) 24 Net impact to interest expense $ (8 ) $ 1 Foreign currency contracts Other income (loss) — net $ — $ (24 ) Available-for-sale securities Other income (loss) — net — 24 Net impact to other income (loss) — net $ — $ — Net impact of fair value hedging instruments $ (8 ) $ 1 Hedging Instruments and Hedged Items Location of Gain (Loss) Recognized in Income Gain (Loss) Recognized in Income 1 Six Months Ended June 29, June 30, Interest rate contracts Interest expense $ (19 ) $ (65 ) Fixed-rate debt Interest expense 9 57 Net impact to interest expense $ (10 ) $ (8 ) Foreign currency contracts Other income (loss) — net $ (6 ) $ (43 ) Available-for-sale securities Other income (loss) — net 6 46 Net impact to other income (loss) — net $ — $ 3 Net impact of fair value hedging instruments $ (10 ) $ (5 ) 1 The net impacts represent the ineffective portions of the hedge relationships and the amounts excluded from the assessment of hedge effectiveness.
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss) [Table Text Block]	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 Three Months Ended Six Months Ended June 29, December 31, 2017 June 29, June 30, June 29, June 30, Foreign currency contracts $ 50 $ — $ — $ (2 ) $ — $ (15 ) Foreign currency denominated debt 12,852 13,147 705 (928 ) 294 (926 ) Total $ 12,902 $ 13,147 $ 705 $ (930 ) $ 294 $ (941 )
Schedule of Derivative Instruments Not Designated as Hedging Instruments Gain (Loss) in Statement of Financial Performance [Table Text Block]	The following tables present the pretax impact that changes in the fair values of derivatives not designated as hedging instruments had on earnings (in millions): Derivatives Not Designated Location of Gain (Loss) Gain (Loss) Recognized in Income Three Months Ended June 29, June 30, Foreign currency contracts Net operating revenues $ 33 $ (8 ) Foreign currency contracts Other income (loss) — net (73 ) 66 Foreign currency contracts Income from discontinued operations 1 — Interest rate contracts Interest expense 1 — Commodity contracts Net operating revenues — (2 ) Commodity contracts Cost of goods sold (6 ) (3 ) Commodity contracts Selling, general and administrative expenses — (2 ) Commodity contracts Income from discontinued operations 4 — Other derivative instruments Selling, general and administrative expenses (1 ) 13 Other derivative instruments Other income (loss) — net 1 1 Total $ (40 ) $ 65 Derivatives Not Designated Location of Gain (Loss) Gain (Loss) Recognized in Income Six Months Ended June 29, June 30, Foreign currency contracts Net operating revenues $ 26 $ (18 ) Foreign currency contracts Cost of goods sold (1 ) — Foreign currency contracts Other income (loss) — net (116 ) 102 Foreign currency contracts Income from discontinued operations (5 ) — Interest rate contracts Interest expense (1 ) — Commodity contracts Net operating revenues — (5 ) Commodity contracts Cost of goods sold 7 28 Commodity contracts Selling, general and administrative expenses — (3 ) Commodity contracts Income from discontinued operations 5 — Other derivative instruments Selling, general and administrative expenses (7 ) 25 Other derivative instruments Other income (loss) — net — 1 Total $ (92 ) $ 130

Comprehensive Income (Tables)

Comprehensive Income (Tables)	6 Months Ended
	Jun. 29, 2018
Comprehensive Income
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): June 29, December 31, 2017 Foreign currency translation adjustments $ (10,284 ) $ (8,957 ) Accumulated derivative net gains (losses) (67 ) (119 ) Unrealized net gains (losses) on available-for-sale securities 1 (17 ) 493 Adjustments to pension and other benefit liabilities (1,406 ) (1,722 ) Accumulated other comprehensive income (loss) $ (11,774 ) $ (10,305 )
Comprehensive Income (Loss), Apportioned between Shareowners of 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): Six Months Ended June 29, 2018 Shareowners of The Coca-Cola Company Noncontrolling Interests Total Consolidated net income $ 3,684 $ 47 $ 3,731 Other comprehensive income: Net foreign currency translation adjustments (1,327 ) (98 ) (1,425 ) Net gain (loss) on derivatives 1 52 — 52 Net change in unrealized gain (loss) on available-for-sale debt securities 2 (101 ) — (101 ) Net change in pension and other benefit liabilities 3 316 — 316 Total comprehensive income $ 2,624 $ (51 ) $ 2,573 1 Refer to Note 6 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 4 for additional information related to the net unrealized gain or loss on available-for-sale debt securities. 3 Refer to Note 13 for additional information related to the Company's pension and other postretirement benefit liabilities.
OCI attributable to the shareowners of The Coca-Cola Company	The following tables present OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees' OCI (in millions): Three Months Ended June 29, 2018 Before-Tax Amount Income Tax After-Tax Amount Foreign currency translation adjustments: Translation adjustments arising during the period $ (1,152 ) $ (17 ) $ (1,169 ) Reclassification adjustments recognized in net income 42 — 42 Gains (losses) on intra-entity transactions that are of a long-term investment nature (1,372 ) — (1,372 ) Gains (losses) on net investment hedges arising during the period 1 705 (202 ) 503 Net foreign currency translation adjustments $ (1,777 ) $ (219 ) $ (1,996 ) Derivatives: Gains (losses) arising during the period $ (1 ) $ 24 $ 23 Reclassification adjustments recognized in net income 60 (15 ) 45 Net gains (losses) on derivatives 1 $ 59 $ 9 $ 68 Available-for-sale debt securities: Unrealized gains (losses) arising during the period $ (113 ) $ 23 $ (90 ) Net change in unrealized gain (loss) on available-for-sale debt securities 2 $ (113 ) $ 23 $ (90 ) Pension and other benefit liabilities: Net pension and other benefit liabilities arising during the period $ 261 $ (61 ) $ 200 Reclassification adjustments recognized in net income 111 (29 ) 82 Net change in pension and other benefit liabilities 3 $ 372 $ (90 ) $ 282 Other comprehensive income (loss) attributable to shareowners of The Coca-Cola Company $ (1,459 ) $ (277 ) $ (1,736 ) 1 Refer to Note 6 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 debt securities. Refer to Note 4 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. Six Months Ended June 29, 2018 Before-Tax Amount Income Tax After-Tax Amount Foreign currency translation adjustments: Translation adjustments arising during the period $ (985 ) $ (85 ) $ (1,070 ) Reclassification adjustments recognized in net income 98 — 98 Gains (losses) on intra-entity transactions that are of a long-term investment nature (576 ) — (576 ) Gains (losses) on net investment hedges arising during the period 1 294 (73 ) 221 Net foreign currency translation adjustments $ (1,169 ) $ (158 ) $ (1,327 ) Derivatives: Gains (losses) arising during the period $ 65 $ (14 ) $ 51 Reclassification adjustments recognized in net income 2 (1 ) 1 Net gains (losses) on derivatives 1 $ 67 $ (15 ) $ 52 Available-for-sale debt securities: Unrealized gains (losses) arising during the period $ (126 ) $ 21 $ (105 ) Reclassification adjustments recognized in net income 5 (1 ) 4 Net change in unrealized gain (loss) on available-for-sale debt securities 2 $ (121 ) $ 20 $ (101 ) Pension and other benefit liabilities: Net pension and other benefit liabilities arising during the period $ 271 $ (62 ) $ 209 Reclassification adjustments recognized in net income 144 (37 ) 107 Net change in pension and other benefit liabilities 3 $ 415 $ (99 ) $ 316 Other comprehensive income (loss) attributable to shareowners of The Coca-Cola Company $ (808 ) $ (252 ) $ (1,060 ) 1 Refer to Note 6 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 debt securities. Refer to Note 4 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. Three Months Ended June 30, 2017 Before-Tax Amount Income Tax After-Tax Amount Foreign currency translation adjustments: Translation adjustments arising during the period $ (1,427 ) $ (15 ) $ (1,442 ) Reclassification adjustments recognized in net income 120 (6 ) 114 Gains (losses) on intra-entity transactions that are of a long-term investment nature 1,799 — 1,799 Gains (losses) on net investment hedges arising during the period 1 (930 ) 356 (574 ) Net foreign currency translation adjustments $ (438 ) $ 335 $ (103 ) Derivatives: Gains (losses) arising during the period $ (135 ) $ 43 $ (92 ) Reclassification adjustments recognized in net income (139 ) 54 (85 ) Net gains (losses) on derivatives 1 $ (274 ) $ 97 $ (177 ) Available-for-sale securities: Unrealized gains (losses) arising during the period $ 87 $ (19 ) $ 68 Reclassification adjustments recognized in net income (94 ) 31 (63 ) Net change in unrealized gain (loss) on available-for-sale securities 2 $ (7 ) $ 12 $ 5 Pension and other benefit liabilities: Net pension and other benefit liabilities arising during the period $ (37 ) $ 5 $ (32 ) Reclassification adjustments recognized in net income 32 (8 ) 24 Net change in pension and other benefit liabilities 3 $ (5 ) $ (3 ) $ (8 ) Other comprehensive income (loss) attributable to shareowners of The Coca-Cola $ (724 ) $ 441 $ (283 ) 1 Refer to Note 6 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 4 and Note 11 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. Six Months Ended June 30, 2017 Before-Tax Amount Income Tax After-Tax Amount Foreign currency translation adjustments: Translation adjustments arising during the period $ (955 ) $ 32 $ (923 ) Reclassification adjustments recognized in net income 120 (6 ) 114 Gains (losses) on intra-entity transactions that are of a long-term investment nature 2,207 — 2,207 Gains (losses) on net investment hedges arising during the period 1 (941 ) 360 (581 ) Net foreign currency translation adjustments $ 431 $ 386 $ 817 Derivatives: Gains (losses) arising during the period $ (213 ) $ 75 $ (138 ) Reclassification adjustments recognized in net income (259 ) 99 (160 ) Net gains (losses) on derivatives 1 $ (472 ) $ 174 $ (298 ) Available-for-sale securities: Unrealized gains (losses) arising during the period $ 345 $ (106 ) $ 239 Reclassification adjustments recognized in net income (113 ) 38 (75 ) Net change in unrealized gain (loss) on available-for-sale securities 2 $ 232 $ (68 ) $ 164 Pension and other benefit liabilities: Net pension and other benefit liabilities arising during the period $ (41 ) $ 24 $ (17 ) Reclassification adjustments recognized in net income 73 (23 ) 50 Net change in pension and other benefit liabilities 3 $ 32 $ 1 $ 33 Other comprehensive income (loss) attributable to shareowners of The Coca-Cola $ 223 $ 493 $ 716 1 Refer to Note 6 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 4 and Note 11 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.
Income statement location of adjustments reclassified from AOCI into income	The following table presents the amounts and line items in our condensed consolidated statements of income where adjustments reclassified from AOCI into income were recorded (in millions): Amount Reclassified from AOCI into Income Description of AOCI Component Financial Statement Line Item Three Months Ended June 29, 2018 Six Months Ended June 29, 2018 Foreign currency translation adjustments: Divestitures, deconsolidations and other 1,2 Other income (loss) — net $ 42 $ 98 Income from continuing operations before income taxes 42 98 Consolidated net income $ 42 $ 98 Derivatives: Foreign currency contracts Net operating revenues $ (40 ) $ (55 ) Foreign currency contracts Cost of goods sold (2 ) (1 ) Foreign currency contracts Other income (loss) — net 90 18 Foreign currency and commodity contracts Income from discontinued operations — 8 Foreign currency and interest rate contracts Interest expense 12 32 Income from continuing operations before income taxes 60 2 Income taxes from continuing operations (15 ) (1 ) Consolidated net income $ 45 $ 1 Available-for-sale securities: Sale of securities Other income (loss) — net $ — $ 5 Income from continuing operations before income taxes — 5 Income taxes from continuing operations — (1 ) Consolidated net income $ — $ 4 Pension and other benefit liabilities: Settlement charges Other income (loss) — net $ 86 $ 86 Recognized net actuarial loss Other income (loss) — net 30 65 Recognized prior service costs (credits) Other income (loss) — net (1 ) (3 ) Divestitures, deconsolidations and other 2 Other income (loss) — net (4 ) (4 ) Income from continuing operations before income taxes 111 144 Income taxes from continuing operations (29 ) (37 ) Consolidated net income $ 82 $ 107 1 Primarily related to the reversal of the cumulative translation adjustments resulting from the substantial liquidation of the Company's former Russian juice operations. 2 Primarily related to the refranchising of our Latin American bottling operations.

Changes in Equity (Tables)

Changes in Equity (Tables)	6 Months Ended
	Jun. 29, 2018
Changes in Equity [Abstract]
Changes in Equity	The following table provides a reconciliation of the beginning and ending carrying amounts of total equity, equity attributable to shareowners of The Coca-Cola Company and equity attributable to noncontrolling interests (in millions): Shareowners of The Coca-Cola Company Common Shares Outstanding Total Reinvested Earnings Accumulated Other Comprehensive Income (Loss) Common Stock Capital Surplus Treasury Stock Non- controlling Interests December 31, 2017 4,259 $ 18,977 $ 60,430 $ (10,305 ) $ 1,760 $ 15,864 $ (50,677 ) $ 1,905 Adoption of accounting standards 1 — 2,605 3,014 (409 ) — — — — Comprehensive income (loss) — 2,573 3,684 (1,060 ) — — — (51 ) Dividends paid/payable to shareowners of The Coca-Cola Company — (3,320 ) (3,320 ) — — — — — Dividends paid to noncontrolling interests — (13 ) — — — — — (13 ) Business combinations including purchase accounting adjustments — 13 — — — — — 13 Purchases of treasury stock (27 ) (1,210 ) — — — — (1,210 ) — Impact related to stock compensation plans 21 552 — — — 253 299 — Other activities — (1 ) — — — — — (1 ) June 29, 2018 4,253 $ 20,176 $ 63,808 $ (11,774 ) $ 1,760 $ 16,117 $ (51,588 ) $ 1,853 1 Refer to Note 1 , Note 3 , Note 4 and Note 14 .

Productivity, Integration and32

Productivity, Integration and Restructuring Initiatives (Tables)	6 Months Ended
	Jun. 29, 2018
Restructuring Cost and Reserve [Line Items]
Productivity and Reinvestment [Table Text Block]	The following table summarizes the balance of accrued expenses related to these productivity and reinvestment initiatives and the changes in the accrued amounts as of and for the three months ended June 29, 2018 (in millions): Accrued Balance March 30, 2018 Costs Incurred Three Months Ended June 29, 2018 Payments Noncash and Exchange Accrued Balance June 29, 2018 Severance pay and benefits $ 142 $ 48 $ (70 ) $ (41 ) $ 79 Outside services 8 20 (22 ) — 6 Other direct costs 11 82 (79 ) (1 ) 13 Total $ 161 $ 150 $ (171 ) $ (42 ) $ 98 The following table summarizes the balance of accrued expenses related to these productivity and reinvestment initiatives and the changes in the accrued amounts as of and for the six months ended June 29, 2018 (in millions): Accrued Balance December 31, 2017 Costs Incurred Six Months Ended June 29, 2018 Payments Noncash and Exchange Accrued Balance June 29, 2018 Severance pay and benefits $ 190 $ 81 $ (154 ) $ (38 ) $ 79 Outside services 1 38 (33 ) — 6 Other direct costs 15 126 (128 ) — 13 Total $ 206 $ 245 $ (315 ) $ (38 ) $ 98

Pension and Other Postretirem33

Pension and Other Postretirement Benefit Plans (Tables)	6 Months Ended
	Jun. 29, 2018
Pension and Other Postretirement Benefit Plans
Periodic benefit cost, 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 Three Months Ended June 29, June 30, June 29, June 30, Service cost $ 31 $ 50 $ 2 $ 4 Interest cost 73 78 6 7 Expected return on plan assets 1 (162 ) (163 ) (4 ) (3 ) Amortization of prior service cost (credit) 2 — (3 ) (4 ) Amortization of net actuarial loss 29 45 1 2 Net periodic benefit cost (income) (27 ) 10 2 6 Curtailment credits 2 — — — (42 ) Settlement charges 2 86 — — — Special termination benefits 2 — 39 — — Total cost (income) recognized in condensed consolidated statements of income $ 59 $ 49 $ 2 $ (36 ) 1 The weighted-average expected long-term rates of return on plan assets used in computing 2018 net periodic benefit cost are 8.0 percent for pension benefit plans and 4.5 percent for other benefit plans. 2 The curtailment credits, settlement charges and special termination benefits were primarily related to North America refranchising and the Company's productivity and reinvestment program. Refer to Note 2 and Note 12 . Pension Benefits Other Benefits Six Months Ended June 29, June 30, June 29, June 30, Service cost $ 63 $ 100 $ 5 $ 9 Interest cost 146 156 12 15 Expected return on plan assets 1 (330 ) (324 ) (7 ) (6 ) Amortization of prior service cost (credit) 4 — (7 ) (9 ) Amortization of net actuarial loss 63 89 2 4 Net periodic benefit cost (income) (54 ) 21 5 13 Curtailment credits 2 — — — (42 ) Settlement charges 2 86 — — — Special termination benefits 2 — 57 — — Total cost (income) recognized in condensed consolidated statements of income $ 32 $ 78 $ 5 $ (29 ) 1 The weighted-average expected long-term rates of return on plan assets used in computing 2018 net periodic benefit cost are 8.0 percent for pension benefit plans and 4.5 percent for other benefit plans. 2 The curtailment credits, settlement charges and special termination benefits were primarily related to North America refranchising and the Company's productivity and reinvestment program. Refer to Note 2 and Note 12 .

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 29, 2018
Income taxes
Schedule of income tax expense (benefit) associated with significant operating and nonoperating items for the interim periods presented	The following table illustrates the income tax expense (benefit) associated with significant operating and nonoperating items for the interim periods presented (in millions): Three Months Ended Six Months Ended June 29, June 30, June 29, June 30, Asset impairments $ (16 ) 1 $ (164 ) 9 $ (116 ) 1 $ (164 ) 9 Productivity and reinvestment program (34 ) 2 (31 ) 10 (57 ) 2 (83 ) 10 Transaction gains and losses (16 ) 3 707 11 (33 ) 4 533 12 Certain tax matters (37 ) 5 (40 ) 13 89 6 (70 ) 13 Other — net 3 7 (12 ) 14 (15 ) 8 (29 ) 15 1 Related to charges of $112 million and $502 million during the three and six months ended June 29, 2018 , respectively, due to impairments of certain of the Company's assets. Refer to Note 11 and Note 15 . 2 Related to charges of $111 million and $206 million during the three and six months ended June 29, 2018 , respectively, due to the Company's productivity and reinvestment program. Also related to pension settlement charges of $39 million during the three and six months ended June 29, 2018 . Refer to Note 11 , Note 12 and Note 13 . 3 Related to charges of $152 million , which included pretax charges of $47 million related to pension settlements , charges of $34 million related to costs incurred to refranchise certain of our bottling operations, charges of $2 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 and net charges of $102 million as a result of the refranchising of certain bottling territories in North America, partially offset by a net gain of $36 million related to the refranchising of our Latin American bottling operations. Refer to Note 2 , Note 11 and Note 13 . 4 Related to charges of $251 million , which included pretax charges of $79 million related to costs incurred to refranchise certain of our bottling operations, charges of $47 million related to pension settlements, charges of $33 million primarily related to the reversal of the cumulative translation adjustments resulting from the substantial liquidation of the Company's former Russian juice operations, charges of $21 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 and net charges of $104 million as a result of the refranchising of certain bottling territories in North America, partially offset by a net gain of $36 million related to the refranchising of our Latin American bottling operations. Refer to Note 2 , Note 11 and Note 13 . 5 Related to $42 million of income tax benefit primarily as a result of adjustments to our provisional remeasurement of deferred taxes recorded as of December 31, 2017, related to the Tax Reform Act signed into law on December 22, 2017. The Company also recorded $3 million of excess tax benefits recorded in association with the Company's share-based compensation arrangements. These tax benefits were partially offset by a net tax charge of $8 million for changes to our uncertain tax positions, including interest and penalties, as well as for agreed upon tax matters. 6 Related to $134 million of income tax expense primarily as a result of adjustments to our provisional remeasurement of deferred taxes recorded as of December 31, 2017, related to the Tax Reform Act signed into law on December 22, 2017. The Company also recorded a net tax charge of $42 million for changes to our uncertain tax positions, including interest and penalties, as well as for agreed upon tax matters. These charges were partially offset by $87 million of excess tax benefits recorded in association with the Company's share-based compensation arrangements. 7 Related to charges of $14 million , which primarily consisted of a net charge of $33 million due to our proportionate share of unusual or infrequent items recorded by certain of our equity method investees and a charge of $22 million due to tax litigation expense, partially offset by a gain of $36 million related to realized and unrealized gains and losses on equity securities and trading debt securities as well as realized gains and losses on available-for-sale debt securities. Refer to Note 11 . 8 Related to charges of $156 million , which primarily consisted of a net charge of $84 million due to our proportionate share of unusual or infrequent items recorded by certain of our equity method investees, a net loss of $49 million related to realized and unrealized gains and losses on equity securities and trading debt securities as well as realized gains and losses on available-for-sale debt securities and a charge of $27 million due to tax litigation expense. Refer to Note 11 . 9 Related to charges of $667 million and $771 million during the three and six months ended June 30, 2017 , respectively, due to the impairment of certain assets. Refer to Note 11 and Note 15 . 10 Related to charges of $87 million and $226 million during the three and six months ended June 30, 2017 , respectively. These charges were due to the Company's productivity and reinvestment program. Refer to Note 12 . 11 Related to a net gain of $82 million , which primarily consisted of a $445 million gain related to the merger of CCW and CCEJ, a $25 million gain related to Coca-Cola FEMSA, an equity method investee, issuing additional shares of its stock and a $9 million gain related to refranchising a substantial portion of our China bottling operations. These gains were partially offset by a net charge of $214 million as a result of the refranchising of certain bottling territories in North America, charges of $109 million primarily 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, a charge of $44 million related to costs incurred to refranchise certain of our bottling operations and a charge of $26 million related to our former German bottling operations. Refer to Note 2 and Note 11 . 12 Related to charges of $583 million , which primarily consisted of $711 million of net charges as a result of the refranchising of certain bottling territories in North America, charges of $215 million primarily 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, $101 million related to costs incurred to refranchise certain of our bottling operations and a charge of $26 million related to our former German bottling operations. These charges were partially offset by a $445 million gain related to the merger of CCW and CCEJ, a $25 million gain related to Coca‑Cola FEMSA, an equity method investee, issuing additional shares of its stock and a $9 million gain related to refranchising a substantial portion of our China bottling operations. Refer to Note 2 and Note 11 . 13 Related to $29 million and $82 million of excess tax benefits associated with the Company's share-based compensation arrangements during the three and six months ended June 30, 2017 , respectively, and the tax benefit associated with the reversal of valuation allowances in certain of the Company's foreign jurisdictions, both of which were partially offset by changes to our uncertain tax positions, including interest and penalties. The components of the net change in uncertain tax positions were individually insignificant. 14 Related to charges of $22 million , which primarily consisted of a $38 million net charge related to the extinguishment of long-term debt and $19 million due to tax litigation expense, partially offset by a $37 million net gain due to our proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 11 . 15 Related to charges of $86 million , which primarily consisted of a $38 million net charge related to the extinguishment of long-term debt, $25 million due to tax litigation expense and a $21 million net charge due to our proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 11 .

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 29, 2018
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): June 29, 2018 Level 1 Level 2 Level 3 Other 3 Netting Adjustment 4 Fair Value Measurements Assets: Equity securities with readily determinable values 1 $ 2,041 $ 188 $ 3 $ 67 $ — $ 2,299 Debt securities 1 — 6,292 19 — — 6,311 Derivatives 2 1 309 — — (194 ) 5 116 7 Total assets $ 2,042 $ 6,789 $ 22 $ 67 $ (194 ) $ 8,726 Liabilities: Derivatives 2 $ (8 ) $ (156 ) $ — $ — $ 117 6 $ (47 ) 7 Total liabilities $ (8 ) $ (156 ) $ — $ — $ 117 $ (47 ) 1 Refer to Note 4 for additional information related to the composition of our equity securities with readily determinable values and debt securities. 2 Refer to Note 6 for additional information related to the composition of our derivative portfolio. 3 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 4 . 4 Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle 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 6 . 5 The Company is obligated to return $86 million in cash collateral it has netted against its net asset derivative position. 6 The Company has the right to reclaim $1 million in cash collateral it has netted against its net liability derivative position. 7 The Company's derivative financial instruments are recorded at fair value in our condensed consolidated balance sheet as follows: $ 116 million in the line item other assets; $2 million in the line item liabilities held for sale — discontinued operations; and $ 45 million in the line item other liabilities. Refer to Note 6 for additional information related to the composition of our derivative portfolio. December 31, 2017 Level 1 Level 2 Level 3 Other 4 Netting Adjustment 5 Fair Value Measurements Assets: Trading securities 1 $ 212 $ 127 $ 3 $ 65 $ — $ 407 Available-for-sale securities 1 1,899 5,739 169 3 — — 7,807 Derivatives 2 7 250 — — (198 ) 6 59 8 Total assets $ 2,118 $ 6,116 $ 172 $ 65 $ (198 ) $ 8,273 Liabilities: Derivatives 2 $ (3 ) $ (262 ) $ — $ — $ 147 7 $ (118 ) 8 Total liabilities $ (3 ) $ (262 ) $ — $ — $ 147 $ (118 ) 1 Refer to Note 4 for additional information related to the composition of our trading securities and available-for-sale securities. 2 Refer to Note 6 for additional information related to the composition of our derivative portfolio. 3 Primarily related to 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 4 . 5 Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle 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 6 . 6 The Company is obligated to return $55 million in cash collateral it has netted against its derivative position. 7 The Company has the right to reclaim $2 million in cash collateral it has netted against its derivative position. 8 The Company's derivative financial instruments are recorded at fair value in our condensed consolidated balance sheet as follows:$ 59 million in the line item other assets; $28 million in the line item accounts payable and accrued expenses; $12 million in the line item liabilities held for sale — discontinued operations; and $ 78 million in the line item other liabilities. Refer to Note 6 for additional information related to the composition of our derivative portfolio.
Assets and liabilities measured at fair value on a Nonrecurring basis	The gains and losses on assets measured at fair value on a nonrecurring basis are summarized in the table below (in millions): Gains (Losses) Three Months Ended Six Months Ended June 29, 2018 June 30, June 29, 2018 June 30, Other long lived assets $ (60 ) 1 $ (329 ) 3 $ (312 ) 1 $ (329 ) 3 Intangible assets — (338 ) 4 (138 ) 1 (442 ) 4 Assets held for sale 5 — (1,145 ) — (1,512 ) Other-than-temporary impairment charge (52 ) 2 — (52 ) 2 — Valuation of shares in equity method investees — 25 — 25 Total $ (112 ) $ (1,787 ) $ (502 ) $ (2,258 ) 1 The Company recognized losses of $60 million and $450 million during the three and six months ended June 29, 2018 , respectively, due to impairment charges on certain CCR intangible assets and fixed assets recorded in our Bottling Investments operating segment as a result of management's revised estimate of the proceeds that are expected to be received for the remaining bottling territories upon their refranchising. These charges were determined by comparing the fair value of the reporting unit, based on Level 3 inputs, to its carrying value. Refer to Note 11 . 2 The Company recognized an other-than-temporary impairment charge of $52 million during the three and six months ended June 29, 2018 related to one of our equity method investees, primarily driven by revised projections of future operating results. The fair value of this investment was derived using discounted cash flow analyses based on Level 3 inputs. 3 The Company recognized losses of $310 million during the three and six months ended June 30, 2017 due to impairment charges on certain CCR fixed assets and $19 million during the three and six months ended June 30, 2017 related to CCR other assets as a result of refranchising activities in North America. These charges were determined by comparing the expected future cash flows (undiscounted and without interest charges) to the related carrying amounts. 4 The Company recognized impairment charges of $291 million and $375 million during the three and six months ended June 30, 2017, respectively, related to CCR goodwill. These impairment charges were determined by comparing the fair value of the reporting unit, based on Level 3 inputs, to its carrying value. The Company also recognized an impairment charge of $33 million during the three and six months ended June 30, 2017, related to certain U.S. bottlers' franchise rights. This charge was determined by comparing the fair value of the asset to its current carrying value. Each of these impairment charges were primarily a result of refranchising activities in North America and management's estimates of the proceeds that were expected to be received for the remaining bottling territories upon their refranchising. Additionally, the Company recorded impairment charges of $14 million and $34 million during the three and six months ended June 30, 2017, respectively, related to Venezuelan intangible assets due to weaker sales and the volatility of foreign currency exchange rates resulting from continued political instability. The fair value of these assets was derived using discounted cash flow analyses based on Level 3 inputs. 5 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, which were calculated based on Level 3 inputs. Refer to Note 2 .

Operating Segments (Tables)

Operating Segments (Tables)	6 Months Ended
	Jun. 29, 2018
Segment Reporting Information [Line Items]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Information about our Company's continuing operations by operating segment is as follows (in millions): Europe, Middle East & Africa Latin North Asia Pacific Bottling Corporate Eliminations Consolidated As of and for the three months ended June 29, 2018 Net operating revenues: Third party $ 2,046 $ 1,012 $ 3,046 $ 1,399 $ 1,235 $ 65 $ — $ 8,803 Intersegment 124 19 71 118 — — (208 ) 124 1 Total net operating revenues 2,170 1,031 3,117 1,517 1,235 65 (208 ) 8,927 Operating income (loss) 1,095 593 684 705 (56 ) (294 ) — 2,727 Income (loss) from continuing operations before income taxes 1,117 541 699 712 91 (277 ) — 2,883 Identifiable operating assets 8,838 1,847 18,346 2,429 3,696 26,137 — 61,293 2 Noncurrent investments 1,172 777 105 200 15,700 3,665 — 21,619 As of and for the three months ended June 30, 2017 Net operating revenues: 3 Third party $ 2,037 $ 935 $ 2,326 $ 1,384 $ 2,975 $ 45 $ — $ 9,702 Intersegment — 15 577 123 23 — (738 ) — Total net operating revenues 2,037 950 2,903 1,507 2,998 45 (738 ) 9,702 Operating income (loss) 3,4 1,076 559 755 709 (651 ) (411 ) — 2,037 Income (loss) from continuing operations before income taxes 3 1,111 559 659 716 (519 ) 98 — 2,624 Identifiable operating assets 5,409 1,787 17,423 2,340 8,157 34,027 — 69,143 Noncurrent investments 1,330 880 110 168 16,035 3,480 — 22,003 As of December 31, 2017 Identifiable operating assets $ 5,475 $ 1,896 $ 17,619 $ 2,072 $ 4,493 $ 27,060 $ — $ 58,615 5 Noncurrent investments 1,238 891 112 177 15,998 3,536 — 21,952 1 Intersegment revenues do not eliminate on a consolidated basis in the table above due to intercompany sales to our discontinued operations . 2 Identifiable operating assets excludes $6,681 million of assets held for sale — discontinued operations. 3 Amounts have been adjusted to reflect the reclassification of certain revenue streams from the Bottling Investments operating segment to the North America operating segment effective January 1, 2018 . 4 Amounts have been adjusted to reflect the adoption of ASU 2017-07. Refer to Note 1 . 5 Identifiable operating assets excludes $7,329 million of assets held for sale — discontinued operations. Europe, Middle East & Africa Latin North Asia Pacific Bottling Corporate Eliminations Consolidated Six months ended June 29, 2018 Net operating revenues: Third party $ 3,738 $ 1,991 $ 5,671 $ 2,511 $ 2,286 $ 83 $ — $ 16,280 Intersegment 273 38 126 224 — — (388 ) 273 1 Total net operating revenues 4,011 2,029 5,797 2,735 2,286 83 (388 ) 16,553 Operating income (loss) 2,009 1,165 1,215 1,270 (517 ) (604 ) — 4,538 Income (loss) from continuing operations before income taxes 2,044 1,107 1,230 1,286 (297 ) (654 ) — 4,716 Six months ended June 30, 2017 Net operating revenues: 2 Third party $ 3,669 $ 1,848 $ 3,979 $ 2,462 $ 6,788 $ 74 $ — $ 18,820 Intersegment — 28 1,341 253 46 — (1,668 ) — Total net operating revenues 3,669 1,876 5,320 2,715 6,834 74 (1,668 ) 18,820 Operating income (loss) 2,3 1,936 1,064 1,329 1,250 (740 ) (839 ) — 4,000 Income (loss) from continuing operations before income taxes 2 1,996 1,066 1,136 1,265 (1,065 ) (267 ) — 4,131 1 Intersegment revenues do not eliminate on a consolidated basis in the table above due to intercompany sales to our discontinued operations . 2 Amounts have been adjusted to reflect the reclassification of certain revenue streams from the Bottling Investments operating segment to the North America operating segment effective January 1, 2018 . 3 Amounts have been adjusted to reflect the adoption of ASU 2017-07. Refer to Note 1 .

Subsequent Event Subsequent Eve

Subsequent Event Subsequent Event (Tables)	6 Months Ended
	Jun. 29, 2018
Subsequent Event [Line Items]
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 condensed consolidated balance sheets (in millions): December 31, 2017 Cash, cash equivalents and short-term investments $ 13 Trade accounts receivable, less allowances 10 Inventories 11 Prepaid expenses and other assets 12 Other assets 7 Property, plant and equipment — net 85 Bottlers' franchise rights with indefinite lives 5 Goodwill 103 Other intangible assets 1 Allowance for reduction of assets held for sale (28 ) Assets held for sale $ 219 1 Accounts payable and accrued expenses $ 22 Other liabilities 12 Deferred income taxes 3 Liabilities held for sale $ 37 2 1 Consists of total assets relating to North America refranchising of $9 million and the refranchising of Latin America bottling operations of $210 million , which are included in the Bottling Investments operating segment. 2 Consists of total liabilities relating to North America refranchising of $5 million and the refranchising of Latin America bottling operations of $32 million , which are included in the Bottling Investments operating segment.
Canadian Bottling Operations [Member]
Subsequent Event [Line Items]
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 related to these bottling operations, which were included in the Bottling Investments operating segment (in millions): Cash, cash equivalents and short-term investments $ 1 Trade accounts receivable, less allowances 191 Inventories 132 Prepaid expenses and other assets 34 Other investments 3 Other assets 240 Property, plant and equipment — net 188 Assets held for sale $ 789 Accounts payable and accrued expenses $ 239 Other liabilities 2 Liabilities held for sale $ 241

Summary of Significant Accoun38

Summary of Significant Accounting Policies Hyperinflationary Economies (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017
Venezuelan subsidiary
Impairment of Intangible Assets (Excluding Goodwill)	$ 14	$ 34

Summary of Significant Accoun39

Summary of Significant Accounting Policies Recently Issued Accounting Guidance (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 29, 2018	Mar. 30, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Impact of New Pronouncements
Net Income from Continuing Operations	$ 2,289,000,000		$ 1,372,000,000	$ 3,616,000,000	$ 2,556,000,000
Cash and cash equivalents	7,975,000,000		11,718,000,000	7,975,000,000	11,718,000,000	$ 6,006,000,000	$ 8,555,000,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at end of period	8,369,000,000		11,987,000,000	8,369,000,000	11,987,000,000	6,373,000,000	8,850,000,000
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest	(1,000,000)		1,000,000	2,000,000	3,000,000
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	2,290,000,000		1,371,000,000	3,614,000,000	2,553,000,000
Income from Discontinued Operations (net of income taxes)	42,000,000		0	115,000,000	0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest	16,000,000		0	45,000,000	0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	26,000,000		0	70,000,000	0
Consolidated net income	2,331,000,000		1,372,000,000	3,731,000,000	2,556,000,000
Net Income (Loss) Attributable to Noncontrolling Interest	15,000,000		1,000,000	47,000,000	3,000,000
Net Income (Loss) Attributable to Parent	2,316,000,000		1,371,000,000	3,684,000,000	2,553,000,000
Long Lived Assets Held-for-sale, Name [Domain]
Impact of New Pronouncements
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at end of period	0		21,000,000	0	21,000,000	13,000,000	49,000,000
Other Assets
Impact of New Pronouncements
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at end of period	221,000,000		248,000,000	221,000,000	248,000,000	257,000,000	$ 246,000,000
Assets held for sale - discontinued operations [Member]
Impact of New Pronouncements
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at end of period	$ 173,000,000			$ 173,000,000		$ 97,000,000
Accounting Standards Update 2014-09 [Member]
Impact of New Pronouncements
Cumulative Effect of New Accounting Principle in Period of Adoption		$ 257,000,000
Accounting Standards Update 2016-01 [Member]
Impact of New Pronouncements
Cumulative Effect of New Accounting Principle in Period of Adoption		409,000,000
Accounting Standards Update 2016-15 [Member]
Impact of New Pronouncements
Proceeds from Insurance Settlement, Investing Activities					49,000,000
Accounting Standards Update 2016-16 [Member]
Impact of New Pronouncements
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification		$ 2,900,000,000
Accounting Standards Update 2016-18 [Member]
Impact of New Pronouncements
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification					28,000,000
Cash Outflows Related to Cash Included in Insurance Captives					388,000,000
Cash Inflows Related to Cash Included in Insurance Captives					384,000,000
Accounting Standards Update 2017-07 [Member]
Impact of New Pronouncements
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification			$ (41,000,000)		$ (60,000,000)

Acquisitions and Divestitures (

Acquisitions and Divestitures (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017	Dec. 31, 2017	Apr. 01, 2017
Acquisition and investment activities
Proceeds from disposals of businesses, equity method investments and nonmarketable securities			$ 304	$ 2,055
Acquisitions of businesses, equity method investments and nonmarketable securities			218	$ 520
Equity Method Investment, Ownership Percentage		17.00%		17.00%
Equity Method Investments, Fair Value Disclosure						$ 1,112
North America [Member]
Acquisition and investment activities
Cost incurred to convert bottling agreement	$ 2	$ 109	21	$ 215
Disposal Group Name [Domain]
Acquisition and investment activities
Cash, cash equivalents and short-term investments					$ 13
Trade accounts receivable, less allowances					10
Inventories					11
Prepaid expenses and other assets					12
Other assets					7
Property, plant and equipment - net					85
Bottlers' Franchise Rights with indefinite lives					5
Goodwill					103
Other intangible assets					1
Allowance for reduction of assets, held-for-sale					(28)
Total assets					219
Accounts payable and accrued expenses					22
Other liabilities					12
Deferred income taxes					3
Total liabilities					37
North America Territory [Member]
Acquisition and investment activities
Proceeds from Sale of Productive Assets			3	1,118
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers	$ (102)	(1,274)	(104)	(1,771)
Agreement Term	10 years
Agreement Renewal Term	10 years
Total assets					9
Total liabilities					5
Latin America Bottling Operations [Member]
Acquisition and investment activities
Proceeds from Divestiture of Businesses	$ 277
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers	36		36
Total assets					210
Total liabilities					32
China Bottling Operation [Member]
Acquisition and investment activities
Proceeds from disposals of businesses, equity method investments and nonmarketable securities		740
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers		9		9
Customer Advances and Deposits		191		191
Equity Method Investee [Member]
Acquisition and investment activities
Proceeds from Sale of Productive Assets				$ 224
AC Bebidas [Member]
Acquisition and investment activities
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers		$ 1,060
Equity Method Investment, Ownership Percentage		20.00%		20.00%
Payments to Acquire Equity Method Investments		$ 144
Equity Method Investments, Fair Value Disclosure		$ 2,960		$ 2,960
Coca-Cola Beverage Africa [Member]
Acquisition and investment activities
Acquisitions of businesses, equity method investments and nonmarketable securities					3,150
Cash, cash equivalents and short-term investments	173		173		97
Trade accounts receivable, less allowances	257		257		299
Inventories	289		289		299
Prepaid expenses and other assets	68		68		52
Equity method investments	6		6		7
Other assets	39		39		29
Property, plant and equipment - net	1,440		1,440		1,436
Goodwill	3,660		3,660		4,248
Other Intangible Assets	749		749		862
Total assets	6,681		6,681		7,329
Accounts payable and accrued expenses	542		542		598
Loans and Notes Payable	439		439		404
Current maturities of long term debt	6		6		6
Accrued income taxes	31		31		40
Long-term debt	17		17		19
Other liabilities	9		9		10
Deferred income taxes	412		412		419
Total liabilities	$ 1,456		$ 1,456		1,496
Goodwill, Acquired During Period					$ 4,262

Revenue Recognition Revenue R41

Revenue Recognition Revenue Recognition (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017	Mar. 30, 2018	Dec. 31, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
NET OPERATING REVENUES	$ 8,927	$ 9,702	$ 16,553	$ 18,820
Cost of goods sold	3,252	3,659	5,990	7,172
Gross Profit	5,675	6,043	10,563	11,648
Selling, general and administrative expenses	2,723	3,180	5,264	6,532
Operating Income (Loss)	2,727	2,037	4,538	4,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	2,883	2,624	4,716	4,131
Income taxes	594	1,252	1,100	1,575
Net Income from Continuing Operations	2,289	1,372	3,616	2,556
Income from Discontinued Operations (net of income taxes)	42	0	115	0
Consolidated net income	2,331	1,372	3,731	2,556
Net Income (Loss) Attributable to Parent	2,316	$ 1,371	3,684	$ 2,553
Accounts Receivable, Net, Current	4,565		4,565			$ 3,667
Prepaid expenses and other assets	2,543		2,543			2,000
Assets, Current	36,024		36,024			36,545
DEFERRED INCOME TAX ASSETS	2,999		2,999			330
Assets	89,593		89,593			87,896
Accounts payable and accrued expenses	10,842		10,842			8,748
Liabilities, Current	31,398		31,398			27,194
DEFERRED INCOME TAX LIABILITIES	2,589		2,589			2,522
Reinvested earnings	63,808		63,808			60,430
TOTAL EQUITY	20,176		20,176			18,977
Liabilities and Equity	89,593		89,593			$ 87,896
Net operating revenues related to concentrate operations	5,675		10,570
Net operating revenues related to finished product operations	3,252		5,983
Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption					$ 257
Trade Accounts Receivable [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Balance sheet balance without adoption of ASC 606	4,503		4,503
Balance Sheet Increase (Decrease) Due to Adoption of ASC 606	62		62
Prepaid expenses and other assets | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Balance sheet balance without adoption of ASC 606	2,545		2,545
Balance Sheet Increase (Decrease) Due to Adoption of ASC 606	(2)		(2)
Total current assets [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Balance sheet balance without adoption of ASC 606	35,964		35,964
Balance Sheet Increase (Decrease) Due to Adoption of ASC 606	60		60
Other Assets | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Balance sheet balance without adoption of ASC 606	2,934		2,934
Balance Sheet Increase (Decrease) Due to Adoption of ASC 606	65		65
Assets, Total [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Balance sheet balance without adoption of ASC 606	89,468		89,468
Balance Sheet Increase (Decrease) Due to Adoption of ASC 606	125		125
Accounts payable and accrued expenses | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Balance sheet balance without adoption of ASC 606	10,382		10,382
Balance Sheet Increase (Decrease) Due to Adoption of ASC 606	460		460
Total current liabilities [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Balance sheet balance without adoption of ASC 606	30,938		30,938
Balance Sheet Increase (Decrease) Due to Adoption of ASC 606	460		460
Deferred income tax liabilities [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Balance sheet balance without adoption of ASC 606	2,640		2,640
Balance Sheet Increase (Decrease) Due to Adoption of ASC 606	(51)		(51)
Reinvested Earnings | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Balance sheet balance without adoption of ASC 606	64,092		64,092
Balance Sheet Increase (Decrease) Due to Adoption of ASC 606	(284)		(284)
Stockholders' Equity, Total [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Balance sheet balance without adoption of ASC 606	20,460		20,460
Balance Sheet Increase (Decrease) Due to Adoption of ASC 606	(284)		(284)
Total liabilities and equity [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Balance sheet balance without adoption of ASC 606	89,468		89,468
Balance Sheet Increase (Decrease) Due to Adoption of ASC 606	125		125
Sales Revenue, Net [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Income statement balance without new accounting pronouncement or change in accounting principle	8,767		16,202
New Accounting Pronouncement of Change in Accounting Principle, Effect of Change on Income Statement	160		351
Cost of Goods, Total [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Income statement balance without new accounting pronouncement or change in accounting principle	3,044		5,591
New Accounting Pronouncement of Change in Accounting Principle, Effect of Change on Income Statement	208		399
Gross Profit [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Income statement balance without new accounting pronouncement or change in accounting principle	5,723		10,611
New Accounting Pronouncement of Change in Accounting Principle, Effect of Change on Income Statement	(48)		(48)
Selling, General and Administrative Expenses [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Income statement balance without new accounting pronouncement or change in accounting principle	2,724		5,264
New Accounting Pronouncement of Change in Accounting Principle, Effect of Change on Income Statement	(1)		0
Operating Income (Loss) [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Income statement balance without new accounting pronouncement or change in accounting principle	2,774		4,586
New Accounting Pronouncement of Change in Accounting Principle, Effect of Change on Income Statement	(47)		(48)
Income from continuing operations before income taxes [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Income statement balance without new accounting pronouncement or change in accounting principle	2,930		4,764
New Accounting Pronouncement of Change in Accounting Principle, Effect of Change on Income Statement	(47)		(48)
Income taxes from continuing operations [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Income statement balance without new accounting pronouncement or change in accounting principle	575		1,081
New Accounting Pronouncement of Change in Accounting Principle, Effect of Change on Income Statement	19		19
Net income from continuing operations [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Income statement balance without new accounting pronouncement or change in accounting principle	2,317		3,645
New Accounting Pronouncement of Change in Accounting Principle, Effect of Change on Income Statement	(28)		(29)
Income from Discontinued Operations [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Income statement balance without new accounting pronouncement or change in accounting principle	43		113
New Accounting Pronouncement of Change in Accounting Principle, Effect of Change on Income Statement	(1)		2
Consolidated net income [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Income statement balance without new accounting pronouncement or change in accounting principle	2,360		3,758
New Accounting Pronouncement of Change in Accounting Principle, Effect of Change on Income Statement	(29)		(27)
Net Income Attributable to Shareowners of the Company [Member] | Accounting Standards Update 2014-09 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Income statement balance without new accounting pronouncement or change in accounting principle	2,345		3,711
New Accounting Pronouncement of Change in Accounting Principle, Effect of Change on Income Statement	(29)		(27)
UNITED STATES
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
NET OPERATING REVENUES	3,044		5,632
Net operating revenues related to concentrate operations	1,258		2,374
Net operating revenues related to finished product operations	1,786		3,258
International [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
NET OPERATING REVENUES	5,883		10,921
Net operating revenues related to concentrate operations	4,417		8,196
Net operating revenues related to finished product operations	$ 1,466		$ 2,725

Investments (Details)

Investments (Details) - USD ($) $ in Millions	Mar. 30, 2018	Dec. 31, 2017
Schedule of Equity and Debt Securities [Line Items]
Cost Method Investments		$ 143
Accounting Standards Update 2016-01 [Member]
Schedule of Equity and Debt Securities [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 409

Investments (Details 2)

Investments (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017	Dec. 31, 2017
Equity securities, by type
Net gains (losses) recognized during the period on equity securities	$ 38		$ (41)
Gain (Loss) on Sale of Equity Investments	(1)		4
Unrealized Gain (Loss) on Securities	39		(45)
Equity securities with changes in fair value recognized in income	2,299		2,299
Securities Owned Not Readily Marketable	91		91
Available-for-sale Securities Fair Value	6,273		6,273
Equity securities, cost					$ 1,600
Equity securities, gross unrealized gain					760
Equity securities, gross unrealized loss					(70)
Equity Securities					2,290
Debt Securities [Member]
Equity securities, by type
Trading Securities, Unrealized Holding Gain			0		0
Trading Securities, Unrealized Holding Loss			0		0
Trading Securities	38		38		12
Available-for-sale Securities Fair Value	6,273		6,273		5,912
Available-for-sale Securities, Gross Realized Gains	8	$ 1	8	$ 5
Available-for-sale Securities, Gross Realized Losses	(8)	(2)	(13)	(6)
Proceeds from Sale of Available-for-sale Securities	3,236	3,398	6,323	6,410
Trading Securities [Member]
Equity securities, by type
Equity Securities					395
Equity Securities
Equity securities, by type
Trading Securities, Cost					324
Trading Securities, Unrealized Holding Gain					75
Trading Securities, Unrealized Holding Loss					(4)
Trading Securities					395
Available-for-sale Securities, Amortized Cost Basis					1,276
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax					685
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax					(66)
Available-for-sale Securities Fair Value					1,895
Available-for-sale Securities, Gross Realized Gains		13		35
Available-for-sale Securities, Gross Realized Losses		(5)		(8)
Proceeds from Sale of Available-for-sale Securities		$ 58		$ 140
Available-for-sale Securities [Member]
Equity securities, by type
Equity Securities					1,895
Marketable Securities [Member]
Equity securities, by type
Equity securities with changes in fair value recognized in income	341		341
Securities Owned Not Readily Marketable	0		0
Marketable Securities [Member] | Trading Securities [Member]
Equity securities, by type
Equity Securities					283
Marketable Securities [Member] | Available-for-sale Securities [Member]
Equity securities, by type
Equity Securities					52
Other Investments [Member]
Equity securities, by type
Equity securities with changes in fair value recognized in income	924		924
Securities Owned Not Readily Marketable	91		91
Other Investments [Member] | Trading Securities [Member]
Equity securities, by type
Equity Securities					0
Other Investments [Member] | Available-for-sale Securities [Member]
Equity securities, by type
Equity Securities					953
Other Assets
Equity securities, by type
Equity securities with changes in fair value recognized in income	1,034		1,034
Securities Owned Not Readily Marketable	$ 0		$ 0
Other Assets | Trading Securities [Member]
Equity securities, by type
Equity Securities					112
Other Assets | Available-for-sale Securities [Member]
Equity securities, by type
Equity Securities					$ 890

Investments (Details 3)

Investments (Details 3) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017	Dec. 31, 2017
Debt securities, by type
Available-for-sale Securities, Amortized Cost Basis	$ 6,258		$ 6,258
Available-for-sale Securities Fair Value	6,273		6,273
Debt securities, cost	6,296		6,296		$ 5,794
Debt securities, gross unrealized gain	78		78		157
Debt securities, gross unrealized loss	(63)		(63)		(27)
Debt securities	6,311		6,311		5,924
Equity Securities [Member]
Debt securities, by type
Available-for-sale Securities, Gross Realized Gains	8	$ 1	8	$ 5
Trading Securities, Equity, Cost	38		38		12
Trading Securities, Unrealized Holding Gain			0		0
Trading Securities, Unrealized Holding Loss			0		0
Trading Securities	38		38		12
Available-for-sale Securities, Debt Securities	6,258		6,258		5,782
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	78		78		157
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	(63)		(63)		(27)
Available-for-sale Securities Fair Value	6,273		6,273		5,912
Available-for-sale Securities, Gross Realized Losses	(8)	(2)	(13)	(6)
Proceeds from Sale of Available-for-sale Securities	3,236	$ 3,398	6,323	$ 6,410
Trading Securities [Member]
Debt securities, by type
Debt securities	38		38		12
Available-for-sale Securities [Member]
Debt securities, by type
Debt securities	6,273		6,273		5,912
Cash and Cash Equivalents [Member] | Trading Securities [Member]
Debt securities, by type
Debt securities	0		0		0
Cash and Cash Equivalents [Member] | Available-for-sale Securities [Member]
Debt securities, by type
Debt securities	829		829		667
Marketable Securities [Member] | Trading Securities [Member]
Debt securities, by type
Debt securities	38		38		12
Marketable Securities [Member] | Available-for-sale Securities [Member]
Debt securities, by type
Debt securities	5,157		5,157		4,970
Other Assets | Trading Securities [Member]
Debt securities, by type
Debt securities	0		0		0
Other Assets | Available-for-sale Securities [Member]
Debt securities, by type
Debt securities	$ 287		$ 287		$ 275

Investments (Details 5)

Investments (Details 5) - USD ($) $ in Millions	Jun. 29, 2018	Dec. 31, 2017
Investments [Abstracts]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis	$ 1,348
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	1,345
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Amortized Cost Basis	4,474
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Fair Value	4,478
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Amortized Cost Basis	121
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Fair Value	136
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	315
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	314
Available-for-sale Securities, Amortized Cost Basis	6,258
Available-for-sale Securities Fair Value	6,273
Available-for-sale Securities [Member]
Debt securities, by type
Solvency Funds of Insurance Captive	$ 1,205	$ 1,159
Equity Securities [Member]
Investments [Abstracts]
Available-for-sale Securities Fair Value		$ 1,895

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 29, 2018	Dec. 31, 2017
Inventory balances
Raw materials and packaging	$ 1,915	$ 1,729
Finished goods	751	693
Other	215	233
Total inventories	$ 2,881	$ 2,655

Hedging Transactions and Deri47

Hedging Transactions and Derivative Financial Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 29, 2018	Dec. 31, 2017
Derivative Instrument Detail [Abstract]
Maximum Length of Time Hedged in Cash Flow Hedge (in years)	3 years
Net Investment Hedges
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	$ 12,902	$ 13,147
Foreign currency denominated debt | Net Investment Hedges
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	12,852	13,147
Foreign currency contracts | Cash Flow Hedging [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	3,570	4,068
Foreign currency contracts | Net Investment Hedges
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	50	0
Commodity contracts | Cash Flow Hedging [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	4	35
Available-for-sale Securities [Member] | Fair Value Hedging [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount		311
Cross Currency Swap | Cash Flow Hedging [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	3,028	1,851
Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount		500
Interest Rate Swap [Member] | Fair Value Hedging [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	8,131	8,121
Designated as Hedging Instrument [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, assets, fair value	209	176
Derivative instruments, liabilities, fair value	80	159
Designated as Hedging Instrument [Member] | Foreign currency contracts | Prepaid expenses and other assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, assets, fair value	52	45
Designated as Hedging Instrument [Member] | Foreign currency contracts | Other Assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, assets, fair value	112	79
Designated as Hedging Instrument [Member] | Foreign currency contracts | Accounts payable and accrued expenses
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, liabilities, fair value	24	69
Designated as Hedging Instrument [Member] | Foreign currency contracts | Other Liabilities
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, liabilities, fair value	5	9
Designated as Hedging Instrument [Member] | Foreign currency contracts | Liabilities held for sale - discontinued operations [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, liabilities, fair value	0	8
Designated as Hedging Instrument [Member] | Commodity [Member] | Liabilities held for sale - discontinued operations [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, liabilities, fair value	0	4
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Other Assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, assets, fair value	45	52
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Accounts payable and accrued expenses
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, liabilities, fair value	0	30
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Other Liabilities
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, liabilities, fair value	51	39
Not Designated as Hedging Instrument [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, assets, fair value	101	81
Derivative instruments, liabilities, fair value	84	106
Not Designated as Hedging Instrument [Member] | Foreign currency contracts
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	5,907	6,827
Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Prepaid expenses and other assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, assets, fair value	76	20
Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Other Assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, assets, fair value	5	27
Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Accounts payable and accrued expenses
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, liabilities, fair value	23	69
Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Other Liabilities
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, liabilities, fair value	39	28
Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Liabilities held for sale - discontinued operations [Member]
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, liabilities, fair value	2	0
Not Designated as Hedging Instrument [Member] | Commodity contracts
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative, Notional Amount	263	357
Not Designated as Hedging Instrument [Member] | Commodity contracts | Prepaid expenses and other assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, assets, fair value	16	25
Not Designated as Hedging Instrument [Member] | Commodity contracts | Other Assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, assets, fair value	0	1
Not Designated as Hedging Instrument [Member] | Commodity contracts | Accounts payable and accrued expenses
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, liabilities, fair value	11	7
Not Designated as Hedging Instrument [Member] | Commodity contracts | Other Liabilities
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, liabilities, fair value	1	0
Not Designated as Hedging Instrument [Member] | Other derivative instruments | Prepaid expenses and other assets
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, assets, fair value	4	8
Not Designated as Hedging Instrument [Member] | Other derivative instruments | Accounts payable and accrued expenses
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, liabilities, fair value	7	1
Not Designated as Hedging Instrument [Member] | Other derivative instruments | Other Liabilities
Fair Value, Derivatives Designated and Not Designated as Hedges
Derivative instruments, liabilities, fair value	$ 1	$ 1

Hedging Transactions and Deri48

Hedging Transactions and Derivative Financial Instruments (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017	Dec. 31, 2017
Gains and (losses) related to derivative instruments
Gains (losses) on net investment hedges arising during the period	$ 705	$ (930)	$ 294	$ (941)
Anticipated gains (losses) cash flows hedges, estimated reclassification to earnings during next twelve months			56
Fixed-rate debt
Gains and (losses) related to derivative instruments
Increase (Decrease) in carrying value due to hedge adjustments	5		5
Cash Flow Hedges
Gains and (losses) related to derivative instruments
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	0	(126)	66	(209)
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(58)	131	11	259
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(2)	9	(13)	1
Cash Flow Hedges | Interest Rate Swap [Member]
Gains and (losses) related to derivative instruments
Derivative, Notional Amount					$ 500
Loss on Discontinuation of Interest Rate Swap Cash Flow Hedge			8
Cash Flow Hedges | Foreign currency contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	3,570		3,570		4,068
Cash Flow Hedges | Foreign currency contracts | Net operating revenues
Gains and (losses) related to derivative instruments
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	65	(94)	8	(181)
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	39	116	54	223
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	1	(1)	1	(1)
Cash Flow Hedges | Foreign currency contracts | Cost of goods sold
Gains and (losses) related to derivative instruments
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	14	(5)	10	(16)
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	2	2	1	5
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	0	0	0	0
Cash Flow Hedges | Foreign currency contracts | Interest Expense [Member]
Gains and (losses) related to derivative instruments
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	0	0	0	0
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(2)	(3)	(4)	(5)
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	0	0	0	0
Cash Flow Hedges | Foreign currency contracts | Other Income (loss) - net
Gains and (losses) related to derivative instruments
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(79)	(2)	26	13
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(87)	25	(20)	52
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(3)	8	2	0
Cash Flow Hedges | Foreign currency contracts | Income from Discontinued Operations [Member]
Gains and (losses) related to derivative instruments
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net			0
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			0
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)			(3)
Cash Flow Hedges | Currency Swap [Member]
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	3,028		3,028		1,851
Cash Flow Hedges | Interest Rate Contract [Member] | Interest Expense [Member]
Gains and (losses) related to derivative instruments
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	0	(25)	22	(24)
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(10)	(9)	(20)	(17)
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	0	2	(8)	2
Cash Flow Hedges | Commodity contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	4		4		35
Cash Flow Hedges | Commodity contracts | Cost of goods sold
Gains and (losses) related to derivative instruments
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net				(1)
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)				1
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)				0
Cash Flow Hedges | Commodity contracts | Income from Discontinued Operations [Member]
Gains and (losses) related to derivative instruments
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net			0
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			0
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)			(5)
Fair Value Hedges
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	(8)	1	(10)	(5)
Fair Value Hedges | Interest Expense [Member]
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	(8)	1	(10)	(8)
Fair Value Hedges | Other Income (loss) - net
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	0	0	0	3
Fair Value Hedges | Fixed-rate debt | Interest Expense [Member]
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	(5)	24	9	57
Fair Value Hedges | Interest Rate Swap [Member]
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	8,131		8,131		8,121
Fair Value Hedges | Foreign currency contracts | Other Income (loss) - net
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	0	(24)	(6)	(43)
Fair Value Hedges | Available-for-sale Securities [Member]
Gains and (losses) related to derivative instruments
Derivative, Notional Amount					311
Fair Value Hedges | Available-for-sale Securities [Member] | Other Income (loss) - net
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	0	24	6	46
Fair Value Hedges | Interest Rate Contract [Member] | Interest Expense [Member]
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	(3)	(23)	(19)	(65)
Net Investment Hedges
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	12,902		12,902		13,147
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		(930)		(941)
Net Investment Hedges | Foreign currency contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	50		50		0
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	0	(2)	0	(15)
Net Investment Hedges | Foreign currency denominated debt
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	12,852		12,852		13,147
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	705	(928)	294	(926)
Not Designated as Hedging Instrument [Member]
Gains and (losses) related to derivative instruments
Derivative Liability, Fair Value, Gross Liability	84		84		106
Derivative, Gain (Loss) on Derivative, Net	(40)	65	(92)	130
Not Designated as Hedging Instrument [Member] | Foreign currency contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	5,907		5,907		6,827
Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Net operating revenues
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	33	(8)	26	(18)
Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Cost of goods sold
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net			(1)	0
Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Other Income (loss) - net
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	(73)	66	(116)	102
Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Income from Discontinued Operations [Member]
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	1	0	(5)	0
Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Interest Expense [Member]
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	1	0	(1)	0
Not Designated as Hedging Instrument [Member] | Commodity contracts
Gains and (losses) related to derivative instruments
Derivative, Notional Amount	263		263		$ 357
Not Designated as Hedging Instrument [Member] | Commodity contracts | Net operating revenues
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	0	(2)	0	(5)
Not Designated as Hedging Instrument [Member] | Commodity contracts | Cost of goods sold
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	(6)	(3)	7	28
Not Designated as Hedging Instrument [Member] | Commodity contracts | Income from Discontinued Operations [Member]
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	4	0	5	0
Not Designated as Hedging Instrument [Member] | Commodity contracts | Selling, general and administrative expenses
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	0	(2)	0	(3)
Not Designated as Hedging Instrument [Member] | Other derivative instruments | Other Income (loss) - net
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	1	1	0	1
Not Designated as Hedging Instrument [Member] | Other derivative instruments | Selling, general and administrative expenses
Gains and (losses) related to derivative instruments
Derivative, Gain (Loss) on Derivative, Net	$ (1)	$ 13	$ (7)	$ 25

Debt and Borrowing Arrangemen49

Debt and Borrowing Arrangements (Details) $ in Millions	6 Months Ended
	Jun. 29, 2018USD ($)
Long-term debt
Amount of debt retired or extinguished	$ 2,026
Total principal notes due April 1, 2018 [Domain]
Long-term debt
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.15%
Amount of debt retired or extinguished	$ 1,250
Total principal notes due March 14, 2018 [Domain]
Long-term debt
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.65%
Amount of debt retired or extinguished	$ 750
Total principal notes due January 29, 2018 [Domain]
Long-term debt
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	9.66%
Amount of debt retired or extinguished	$ 26

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2017	Oct. 02, 2015	Jun. 29, 2018	Dec. 31, 2017
Tax Years 2007-2009 [Member]
IRS Claim
IRS Claim		$ 3,300
Net Increase (Decrease) in Sales and Transfer Prices and Production Costs	$ 385
IRS Amended Claim	135
IRS Amended Claim Related to Mexico Licensee	$ 138
Guarantees of indebtedness owed by third parties
Guarantees
Guarantees of indebtedness owed by third parties			$ 627
VIEs maximum exposures to loss			253
Risk Management Programs
Risk Management Programs
Self-insurance reserves			$ 430	$ 480

Comprehensive Income (Details)

Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017	Mar. 30, 2018	Dec. 31, 2017
AOCI Attributable to the Shareowners of The Coca Cola Company
Accumulated other comprehensive income (loss)	$ (11,774)		$ (11,774)			$ (10,305)
Consolidated net income	2,331	$ 1,372	3,731	$ 2,556
Other comprehensive income:
Net foreign currency translation adjustment	(2,153)	(103)	(1,425)	818
Net gain (loss) on derivatives	68	(177)	52	(298)
Net unrealized gain (loss) on available-for-sale securities	(90)	5	(101)	164
Net change in pension and other benefit liabilities	282	(8)	316	33
TOTAL COMPREHENSIVE INCOME	438	1,089	2,573	3,273
Foreign currency translation adjustments:
Translation adjustment arising during the period	(1,152)	(1,427)	(985)	(955)
Reclassification adjustments recognized in net income	42	120	98	120
Gains (losses) on intra-entity transactions that are of a long-term-investment nature	(1,372)	1,799	(576)	2,207
Gains (losses) on net investment hedges arising during the period	705	(930)	294	(941)
Derivatives:
Reclassification adjustments recognized in net income	60		2
Available-for-sale securities:
Reclassification adjustments recognized in net income	0		5
Pension and other benefit liabilities:
Reclassification adjustments recognized in net income	111		144
Recognized prior service cost (credit)	(1)		(3)
Foreign currency translation adjustments:
Translation adjustment arising during the period	(17)	(15)	(85)	32
Reclassification adjustments recognized in net income	0	(6)	0	(6)
Gains (losses) on intra-entity transactions that are of a long-term-investment nature	0	0	0	0
Gains (losses) on net investment hedges arising during the period	(202)	356	(73)	360
Derivatives:
Reclassification adjustments recognized in net income	(15)		(1)
Available-for-sales securities:
Reclassification adjustments recognized in net income	0		(1)
Pension and other benefit liabilities:
Reclassification adjustments recognized in net income	(29)		(37)
Foreign currency translation adjustments:
Translation adjustment arising during the period	(1,169)	(1,442)	(1,070)	(923)
Reclassification adjustments recognized in net income	42	114	98	114
Gains (losses) on intra-entity transactions that are of a long-term-investment nature	(1,372)	1,799	(576)	2,207
Gains (losses) on net investments hedges arising during the period	503	(574)	221	(581)
Derivatives:
Reclassification adjustments recognized in net income	45		1
Available-for-sale securities:
Reclassification adjustments recognized in net income	0		4
Pension and other benefit liabilities:
Reclassification adjustments recognized in net income	82		107
Settlement charges (credits) [Member] | Other income (loss) - net
Pension and other benefit liabilities:
Reclassification adjustments recognized in net income	86		86
Divestitures, deconsolidations and other [Member] | Other income (loss) - net
Foreign currency translation adjustments:
Reclassification adjustments recognized in net income	42		98
Pension and other benefit liabilities:
Reclassification adjustments recognized in net income	(4)		(4)
Foreign currency contracts | Other income (loss) - net
Derivatives:
Reclassification adjustments recognized in net income	90		18
Foreign currency contracts | Net operating revenues
Derivatives:
Reclassification adjustments recognized in net income	(40)		(55)
Foreign currency and commodities contracts [Member] | Income from Discontinued Operations [Member]
Derivatives:
Reclassification adjustments recognized in net income	0		8
Foreign currency and commodities contracts [Member] | Cost of goods sold
Derivatives:
Reclassification adjustments recognized in net income	(2)		(1)
Foreign currency and interest rate contracts | Interest Expense [Member]
Derivatives:
Reclassification adjustments recognized in net income	12		32
Sale of securities | Other income (loss) - net
Available-for-sale securities:
Reclassification adjustments recognized in net income	0		5
Recognized net actuarial loss (gain)
Pension and other benefit liabilities:
Comprehensive income reclassification of defined benefit plans for net prior service credit and actuarial gains or losses	30		65
Shareowners of The Coca-Cola Company
AOCI Attributable to the Shareowners of The Coca Cola Company
Foreign currency translation adjustments	(10,284)		(10,284)			(8,957)
Accumulated derivative net gains (losses)	(67)		(67)			(119)
Unrealized net gains (losses) on available-for-sale securities	(17)		(17)			493
Adjustments to pension and other benefits liabilities	(1,406)		(1,406)			(1,722)
Accumulated other comprehensive income (loss)	(11,774)		(11,774)			$ (10,305)
Consolidated net income			3,684
Other comprehensive income:
Net foreign currency translation adjustment			(1,327)
Net gain (loss) on derivatives			52
Net unrealized gain (loss) on available-for-sale securities			(101)
Net change in pension and other benefit liabilities			316
TOTAL COMPREHENSIVE INCOME			2,624
Foreign currency translation adjustments:
Net foreign currency translation adjustments	(1,777)	(438)	(1,169)	431
Derivatives:
Gains (losses) arising during the period	(1)	(135)	65	(213)
Reclassification adjustments recognized in net income	60	(139)	2	(259)
Net gain (loss) on derivatives	59	(274)	67	(472)
Available-for-sale securities:
Unrealized gains (losses) arising during the period	(113)	87	(126)	345
Reclassification adjustments recognized in net income	0	(94)	5	(113)
Net change in unrealized gain (loss) on available-for-sale securities	(113)	(7)	(121)	232
Pension and other benefit liabilities:
Net pension and other benefits arising during the period	261	(37)	271	(41)
Reclassification adjustments recognized in net income	111	32	144	73
Net change in pension and other benefit liabilities	372	(5)	415	32
Other Comprehensive Income (Loss) attributable to The Coca-Cola Company	(1,459)	(724)	(808)	223
Foreign currency translation adjustments:
Net foreign currency translation adjustments	(219)	335	(158)	386
Derivatives:
Gains (losses) arising during the period	24	43	(14)	75
Reclassification adjustments recognized in net income	(15)	54	(1)	99
Net gain (loss) on derivatives	9	97	(15)	174
Available-for-sales securities:
Unrealized gains (losses) arising during the period	23	(19)	21	(106)
Reclassification adjustments recognized in net income	0	31	(1)	38
Net change in unrealized gain (loss) on available-for-sale securities	23	12	20	(68)
Pension and other benefit liabilities:
Net pension and other benefits arising during the period	(61)	5	(62)	24
Reclassification adjustments recognized in net income	(29)	(8)	(37)	(23)
Net change in pension and other benefit liabilities	(90)	(3)	(99)	1
Other comprehensive income (loss) attributable to The Coca-Cola Company	(277)	441	(252)	493
Foreign currency translation adjustments:
Net foreign currency translation adjustments	(1,996)	(103)	(1,327)	817
Derivatives:
Gains (losses) arising during the period	23	(92)	51	(138)
Reclassification adjustments recognized in net income	45	(85)	1	(160)
Net gain (loss) on derivatives	68	(177)	52	(298)
Available-for-sale securities:
Unrealized gains (losses) arising during the period	(90)	68	(105)	239
Reclassification adjustments recognized in net income	0	(63)	4	(75)
Net change in unrealized gain (loss) on available-for-sale securities	(90)	5	(101)	164
Pension and other benefit liabilities:
Net pension and other benefits arising during the period	200	(32)	209	(17)
Reclassification adjustments recognized in net income	82	24	107	50
Net change in pension and other benefit liabilities	282	(8)	316	33
Other comprehensive income (loss) attributable to The Coca-Cola Company	$ (1,736)	(283)	(1,060)	716
Noncontrolling Interests
AOCI Attributable to the Shareowners of The Coca Cola Company
Consolidated net income			47
Other comprehensive income:
Net foreign currency translation adjustment			(98)
Net gain (loss) on derivatives			0
Net unrealized gain (loss) on available-for-sale securities			0
Net change in pension and other benefit liabilities			0
TOTAL COMPREHENSIVE INCOME			$ (51)
Net Investment Hedging [Member]
Pension and other benefit liabilities:
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		$ (930)		$ (941)
Accounting Standards Update 2016-01 [Member]
Comprehensive Income Disclosure
Cumulative Effect of New Accounting Principle in Period of Adoption					$ 409

Changes in Equity (Details)

Changes in Equity (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017	Dec. 31, 2017
Changes in Equity
Reinvested earnings	$ 63,808		$ 63,808		$ 60,430
Accumulated other comprehensive income (loss)	(11,774)		$ (11,774)		$ (10,305)
Changes in Equity
Dividends Paid, shares			0
Stock Issued During Period, Value, Acquisitions			$ 13
Other Activities, shares issued			0
December 31, 2017			$ 18,977
Comprehensive income (loss)	438	$ 1,089	2,573	$ 3,273
Dividends paid/payable to shareowners of The Coca-Cola Company			(3,320)
Purchases of treasury stock			(1,210)
Impact related to stock compensation plans			552
Other Activities			(1)
June 29, 2018	$ 20,176		20,176
New Accounting Pronouncement or Change in Accounting Principle, Value, Effect of Change on Equity			2,605
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			13
Reinvested Earnings
Changes in Equity
Stock Issued During Period, Value, Acquisitions			0
December 31, 2017			60,430
Comprehensive income (loss)			3,684
Dividends paid/payable to shareowners of The Coca-Cola Company			(3,320)
Purchases of treasury stock			0
Impact related to stock compensation plans			0
Other Activities			0
New Accounting Pronouncement or Change in Accounting Principle, Value, Effect of Change on Equity			3,014
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			0
AOCI Attributable to Parent [Member]
Changes in Equity
Stock Issued During Period, Value, Acquisitions			$ 0
Other Activities, shares issued			0
December 31, 2017			$ (10,305)
Comprehensive income (loss)			(1,060)
Dividends paid/payable to shareowners of The Coca-Cola Company			0
Purchases of treasury stock			0
Impact related to stock compensation plans			0
Other Activities			0
New Accounting Pronouncement or Change in Accounting Principle, Value, Effect of Change on Equity			(409)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			$ 0
Common Stock [Member]
Changes in Equity
Common Stock, Shares, Outstanding	4,253		4,253		4,259
Stock Issued During Period, Shares, Acquisitions			0
Stock Issued During Period, Value, Acquisitions			$ 0
Purchases of treasury stock, shares			(27)
Impact related to stock compensation plans, shares			21
December 31, 2017			$ 1,760
Comprehensive income (loss)			0
Dividends paid/payable to shareowners of The Coca-Cola Company			0
Purchases of treasury stock			0
Impact related to stock compensation plans			0
Other Activities			0
June 29, 2018	$ 1,760		$ 1,760
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Equity			0
New Accounting Pronouncement or Change in Accounting Principle, Value, Effect of Change on Equity			$ 0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			0
Capital Surplus
Changes in Equity
Stock Issued During Period, Value, Acquisitions			0
December 31, 2017			15,864
Comprehensive income (loss)			0
Dividends paid/payable to shareowners of The Coca-Cola Company			0
Purchases of treasury stock			0
Impact related to stock compensation plans			253
Other Activities			0
June 29, 2018	16,117		16,117
New Accounting Pronouncement or Change in Accounting Principle, Value, Effect of Change on Equity			0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			0
Treasury Stock
Changes in Equity
Stock Issued During Period, Value, Acquisitions			0
December 31, 2017			(50,677)
Comprehensive income (loss)			0
Dividends paid/payable to shareowners of The Coca-Cola Company			0
Purchases of treasury stock			(1,210)
Impact related to stock compensation plans			299
Other Activities			0
June 29, 2018	(51,588)		(51,588)
New Accounting Pronouncement or Change in Accounting Principle, Value, Effect of Change on Equity			0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			$ 0
Noncontrolling Interests
Changes in Equity
Dividends Paid, shares			0
Stock Issued During Period, Value, Acquisitions			$ 13
December 31, 2017			1,905
Comprehensive income (loss)			(51)
Dividends paid/payable to shareowners of The Coca-Cola Company			0
Purchases of treasury stock			0
Impact related to stock compensation plans			0
Other Activities			(1)
June 29, 2018	$ 1,853		1,853
New Accounting Pronouncement or Change in Accounting Principle, Value, Effect of Change on Equity			0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			$ 13

Significant Operating and Non53

Significant Operating and Nonoperating Items (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017	Apr. 01, 2017
Significant Operating and Nonoperating Line Items
Effective tax rate (as a percent)	20.60%	47.70%	23.30%	38.10%
Income taxes	$ 594	$ 1,252	$ 1,100	$ 1,575
Other Operating Charges
Other operating charges	225	826	761	1,116
Asset Impairment Charges		329		329
Productivity, integration and restructuring initiatives	111		206
Tangible Asset Impairment Charges		310		310
Costs incurred to refranchise of certain bottler interests	152	(82)	251	583
Tax litigation expense	22	19	27	25
Gain (Loss) on Extinguishment of Debt		(38)		(38)
Equity Income (Loss) - Net
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees	33	(37)	84	21
Net realized and unrealized gains (losses) on equity securities and trading debt securities as well as realized gains (losses) on available-for-sale debt securities	36		(49)
Other Income (Loss) - Net
Unusual or Infrequent Event Charges	14	22	156	86
Equity Method Investment, Other than Temporary Impairment		0		0
Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee		$ 445		$ 445
Equity Method Investment, Ownership Percentage		17.00%		17.00%
Equity Method Investments, Fair Value Disclosure					$ 1,112
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee	0		0
Bottling investments [Member]
Other Operating Charges
Productivity, integration and restructuring initiatives	16	$ 10	22	$ 24
Costs incurred to refranchise of certain bottler interests	34	44	79	101
Equity Income (Loss) - Net
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees	31	(38)	99	15
Other Income (Loss) - Net
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers	(102)	(214)	(104)	(711)
Latin America [Member]
Other Operating Charges
Productivity, integration and restructuring initiatives	1	1	3	1
Other Income (Loss) - Net
Equity Method Investment, Other than Temporary Impairment	52		52
North America [Member]
Other Operating Charges
Productivity, integration and restructuring initiatives	47	49	99	84
Other Income (Loss) - Net
Cost incurred to convert bottling agreement	2	109	21	215
Corporate
Other Operating Charges
Productivity, integration and restructuring initiatives	46	31	79	118
Tax litigation expense	22		27
Gain (Loss) on Extinguishment of Debt		(38)		(38)
Equity Income (Loss) - Net
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees	2	1	(15)	2
Net realized and unrealized gains (losses) on equity securities and trading debt securities as well as realized gains (losses) on available-for-sale debt securities	36		(49)
Other Income (Loss) - Net
Unusual or Infrequent Event Charges		26		26
Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee		445		445
Productivity and Reinvestment [Member]
Other Operating Charges
Productivity, integration and restructuring initiatives	150	87	245	226
Venezuelan subsidiary
Other Operating Charges
Impairment of Intangible Assets (Excluding Goodwill)		14		34
Venezuelan subsidiary | Corporate
Other Operating Charges
Impairment of Intangible Assets (Excluding Goodwill)		14		34
North America Territory [Member]
Other Operating Charges
Asset Impairment Charges		653	450	737
Tangible Asset Impairment Charges	60		312
Costs incurred to refranchise of certain bottler interests				15
Other Income (Loss) - Net
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers	(102)	(1,274)	(104)	(1,771)
North America Territory [Member] | Bottling investments [Member]
Other Operating Charges
Asset Impairment Charges		653	450	737
Tangible Asset Impairment Charges	60
Costs incurred to refranchise of certain bottler interests		47		86
North America Territory [Member] | Latin America [Member]
Other Operating Charges
Asset Impairment Charges	112		502
North America Territory [Member] | Venezuelan subsidiary
Other Operating Charges
Asset Impairment Charges		667		771
Latin America Bottling Operations [Member]
Other Income (Loss) - Net
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers	36		36
Latin America Bottling Operations [Member] | Corporate
Other Income (Loss) - Net
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers	$ 36		$ 36
China Bottling Operation [Member]
Other Income (Loss) - Net
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers		9		9
China Bottling Operation [Member] | Corporate
Other Income (Loss) - Net
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers		9		9
CCBA [Member]
Significant Operating and Nonoperating Line Items
Effective tax rate (as a percent)	27.70%		32.70%
Income taxes	$ 16		$ 56
Russian juice operations [Member]
Equity Income (Loss) - Net
Loss due to reversal of cumulative translation adjustment			(33)
Russian juice operations [Member] | Bottling investments [Member]
Equity Income (Loss) - Net
Loss due to reversal of cumulative translation adjustment			(33)
Coca Cola FEMSA [Member]
Other Income (Loss) - Net
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee		25		25
Coca Cola FEMSA [Member] | Corporate
Other Income (Loss) - Net
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee		25		25
Pension Benefits
Equity Income (Loss) - Net
Defined Benefit Plan, Benefit Obligation, Payment for Settlement	(86)	$ 0	(86)	$ 0
Pension Benefits | Bottling investments [Member]
Equity Income (Loss) - Net
Defined Benefit Plan, Benefit Obligation, Payment for Settlement	(47)		(47)
Pension Benefits | Corporate
Equity Income (Loss) - Net
Defined Benefit Plan, Benefit Obligation, Payment for Settlement	$ (39)		$ (39)

Productivity, Integration and54

Productivity, Integration and Restructuring Initiatives (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Productivity, Integration and Restructuring Initiatives Disclosures
Cost incurred	$ 111		$ 206
Productivity and Reinvestment [Member]
Productivity, Integration and Restructuring Initiatives Disclosures
Accrued Balance, Beginning Balance	161		206
Cost incurred	150	$ 87	245	$ 226
Payments	(171)		(315)
Noncash and exchange	(42)		(38)
Accrued Balance, Ending Balance	98		98
Restructuring and related costs incurred to date	3,303		3,303
Productivity and Reinvestment [Member] | Severance pay and benefits
Productivity, Integration and Restructuring Initiatives Disclosures
Accrued Balance, Beginning Balance	142		190
Cost incurred	48		81
Payments	(70)		(154)
Noncash and exchange	(41)		(38)
Accrued Balance, Ending Balance	79		79
Productivity and Reinvestment [Member] | Outside Services [Member]
Productivity, Integration and Restructuring Initiatives Disclosures
Accrued Balance, Beginning Balance	8		1
Cost incurred	20		38
Payments	(22)		(33)
Noncash and exchange	0		0
Accrued Balance, Ending Balance	6		6
Productivity and Reinvestment [Member] | Other direct costs [Member]
Productivity, Integration and Restructuring Initiatives Disclosures
Accrued Balance, Beginning Balance	11		15
Cost incurred	82		126
Payments	(79)		(128)
Noncash and exchange	(1)		0
Accrued Balance, Ending Balance	$ 13		$ 13

Pension and Other Postretirem55

Pension and Other Postretirement Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Net periodic pension and other Postretirement benefit cost
Contributions to pension plan			$ 34	$ 55
Pension plans, anticipated additional contributions for remainder of current fiscal year	$ 63		$ 63
Pension Benefits
Net periodic pension and other Postretirement benefit cost
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets			8.00%
Service cost	31	$ 50	$ 63	100
Interest cost	73	78	146	156
Expected return on plan assets	(162)	(163)	(330)	(324)
Amortization of prior service cost (credit)	2	0	4	0
Amortization of net actuarial loss	29	45	63	89
Net periodic benefit cost (credit)	(27)	10	(54)	21
Special termination benefits	0	39	0	57
Total cost recognized in statements of income	59	49	32	78
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Curtailment	0	0	0	0
Defined Benefit Plan, Benefit Obligation, Payment for Settlement	86	0	$ 86	0
Other Benefits
Net periodic pension and other Postretirement benefit cost
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets			4.50%
Service cost	2	4	$ 5	9
Interest cost	6	7	12	15
Expected return on plan assets	(4)	(3)	(7)	(6)
Amortization of prior service cost (credit)	(3)	(4)	(7)	(9)
Amortization of net actuarial loss	1	2	2	4
Net periodic benefit cost (credit)	2	6	5	13
Special termination benefits	0	0	0	0
Total cost recognized in statements of income	2	(36)	5	(29)
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Curtailment	0	(42)	0	(42)
Defined Benefit Plan, Benefit Obligation, Payment for Settlement	$ 0	$ 0	$ 0	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 29, 2018	Mar. 30, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017	Dec. 31, 2017
Income Tax Contingency [Line Items]
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down	$ 0		$ (1,145)	$ 0	$ (1,512)
U.S. statutory rate (as a percent)	21.00%					35.00%
Effective tax rate estimated for 2018 (as a percent)	21.00%			21.00%
Income tax expense	$ 594		$ 1,252	$ 1,100	$ 1,575
Effective tax rate (as a percent)	20.60%		47.70%	23.30%	38.10%
Tax expense (benefit) associated with significant operating and nonoperating items for the interim periods presented
Asset Impairments	$ (16)		$ (164)	$ (116)	$ (164)
Productivity and reinvestment program	(34)		(31)	(57)	(83)
Transaction gains and losses	(16)		707	(33)	533
Certain tax matters	(37)		(40)	89	(70)
Other - Net	3		(12)	(15)	(29)
Unusual and/or infrequent items [Abstract]
Productivity, integration and restructuring initiatives	111			206
Asset Impairment Charges			329		329
Excess tax benefit associated with share-based compensation	3			87
Costs incurred to refranchise of certain bottler interests	152		(82)	251	583
Net realized and unrealized gains (losses) on equity securities and trading debt securities as well as realized gains (losses) on available-for-sale debt securities	36			(49)
Excess Tax Benefit from Share-based Compensation, Financing Activities			29		82
Unusual or Infrequent Event Charges	14		22	156	86
Gain (Loss) on Extinguishment of Debt			(38)		(38)
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees	33		(37)	84	21
Tax litigation expense	22		19	27	25
Cumulative Foreign Earnings				42,000
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability		$ (1,600)
Income Tax Expense (Benefit) Unusual or Infrequent Items Uncertain Tax Matters	8			42
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee	0			0
Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee			445		445
Productivity and Reinvestment [Member]
Unusual and/or infrequent items [Abstract]
Productivity, integration and restructuring initiatives	150		87	245	226
Latin America [Member]
Unusual and/or infrequent items [Abstract]
Productivity, integration and restructuring initiatives	1		1	3	1
Corporate
Unusual and/or infrequent items [Abstract]
Productivity, integration and restructuring initiatives	46		31	79	118
Net realized and unrealized gains (losses) on equity securities and trading debt securities as well as realized gains (losses) on available-for-sale debt securities	36			(49)
Unusual or Infrequent Event Charges			26		26
Gain (Loss) on Extinguishment of Debt			(38)		(38)
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees	2		1	(15)	2
Tax litigation expense	22			27
Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee			445		445
Bottling investments [Member]
Unusual and/or infrequent items [Abstract]
Productivity, integration and restructuring initiatives	16		10	22	24
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers	(102)		(214)	(104)	(711)
Costs incurred to refranchise of certain bottler interests	34		44	79	101
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees	31		(38)	99	15
North America [Member]
Unusual and/or infrequent items [Abstract]
Productivity, integration and restructuring initiatives	47		49	99	84
Cost incurred to convert bottling agreement	2		109	21	215
Latin America Bottling Operations [Member]
Unusual and/or infrequent items [Abstract]
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers	36			36
Latin America Bottling Operations [Member] | Corporate
Unusual and/or infrequent items [Abstract]
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers	36			36
North America Territory [Member]
Unusual and/or infrequent items [Abstract]
Asset Impairment Charges			653	450	737
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers	(102)		(1,274)	(104)	(1,771)
Costs incurred to refranchise of certain bottler interests					15
North America Territory [Member] | Latin America [Member]
Unusual and/or infrequent items [Abstract]
Asset Impairment Charges	112			502
North America Territory [Member] | Bottling investments [Member]
Unusual and/or infrequent items [Abstract]
Asset Impairment Charges			653	450	737
Costs incurred to refranchise of certain bottler interests			47		86
North America Territory [Member] | Venezuelan subsidiary
Unusual and/or infrequent items [Abstract]
Asset Impairment Charges			667		771
China Bottling Operation [Member]
Unusual and/or infrequent items [Abstract]
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers			9		9
China Bottling Operation [Member] | Corporate
Unusual and/or infrequent items [Abstract]
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers			9		9
CCBA [Member]
Income Tax Contingency [Line Items]
Income tax expense	$ 16			$ 56
Effective tax rate (as a percent)	27.70%			32.70%
Russian juice operations [Member]
Unusual and/or infrequent items [Abstract]
Loss due to reversal of cumulative translation adjustment				$ (33)
Russian juice operations [Member] | Bottling investments [Member]
Unusual and/or infrequent items [Abstract]
Loss due to reversal of cumulative translation adjustment				(33)
Coca Cola FEMSA [Member]
Unusual and/or infrequent items [Abstract]
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee			25		25
Coca Cola FEMSA [Member] | Corporate
Unusual and/or infrequent items [Abstract]
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee			25		25
Tax Reform Act [Member]
Unusual and/or infrequent items [Abstract]
Deferred State and Local Income Tax Expense (Benefit)						$ 600
Current Federal Tax Expense (Benefit)						$ 4,600
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	$ (42)			$ 134
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent	1.50%			2.80%
Accounting Standards Update 2016-16 [Member]
Unusual and/or infrequent items [Abstract]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification		$ 2,900
Pension Benefits
Unusual and/or infrequent items [Abstract]
Defined Benefit Plan, Benefit Obligation, Payment for Settlement	$ (86)		$ 0	$ (86)	$ 0
Pension Benefits | Corporate
Unusual and/or infrequent items [Abstract]
Defined Benefit Plan, Benefit Obligation, Payment for Settlement	(39)			(39)
Pension Benefits | Bottling investments [Member]
Unusual and/or infrequent items [Abstract]
Defined Benefit Plan, Benefit Obligation, Payment for Settlement	$ (47)			$ (47)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Jun. 29, 2018	Dec. 31, 2017
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale Securities Fair Value			$ 6,273
Equity securities with changes in fair value recognized in income			2,299
Goodwill, Impairment Loss	$ 291	$ 375
Debt securities			6,311	$ 5,924
Derivative, Collateral, Obligation to Return Cash			86	55
Derivative, Collateral, Right to Reclaim Cash			1	2
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 33	$ 33
Level 1
Assets and liabilities measured at fair value on a recurring basis
Trading Securities				212
Available-for-sale Securities Fair Value				1,899
Equity securities with changes in fair value recognized in income			2,041
Debt securities			0
Derivatives, assets			1	7
Total assets			2,042	2,118
Derivatives, liabilities			(8)	(3)
Total liabilities			(8)	(3)
Level 2
Assets and liabilities measured at fair value on a recurring basis
Trading Securities				127
Available-for-sale Securities Fair Value				5,739
Equity securities with changes in fair value recognized in income			188
Debt securities			6,292
Derivatives, assets			309	250
Total assets			6,789	6,116
Derivatives, liabilities			(156)	(262)
Total liabilities			(156)	(262)
Level 3
Assets and liabilities measured at fair value on a recurring basis
Trading Securities				3
Available-for-sale Securities Fair Value				169
Equity securities with changes in fair value recognized in income			3
Debt securities			19
Derivatives, assets			0	0
Total assets			22	172
Derivatives, liabilities			0	0
Total liabilities			0	0
Other [Member]
Assets and liabilities measured at fair value on a recurring basis
Trading Securities				65
Available-for-sale Securities Fair Value				0
Equity securities with changes in fair value recognized in income			67
Debt securities			0
Derivatives, assets			0	0
Total assets			67	65
Derivatives, liabilities			0	0
Total liabilities			0	0
Netting Adjustment
Assets and liabilities measured at fair value on a recurring basis
Trading Securities				0
Available-for-sale Securities Fair Value				0
Equity securities with changes in fair value recognized in income			0
Debt securities			0
Derivatives, assets			(194)	(198)
Total assets			(194)	(198)
Derivatives, liabilities			117	147
Total liabilities			117	147
Fair Value Measurements
Assets and liabilities measured at fair value on a recurring basis
Trading Securities				407
Available-for-sale Securities Fair Value				7,807
Equity securities with changes in fair value recognized in income			2,299
Debt securities			6,311
Derivatives, assets			116	59
Total assets			8,726	8,273
Derivatives, liabilities			(47)	(118)
Total liabilities			(47)	(118)
Other Assets
Assets and liabilities measured at fair value on a recurring basis
Equity securities with changes in fair value recognized in income			1,034
Other Assets | Fair Value Measurements
Assets and liabilities measured at fair value on a recurring basis
Derivatives, assets			116	59
Accounts payable and accrued expenses | Fair Value Measurements
Assets and liabilities measured at fair value on a recurring basis
Derivatives, liabilities				28
Liabilities held for sale - discontinued operations [Member] | Fair Value Measurements
Assets and liabilities measured at fair value on a recurring basis
Derivatives, liabilities			2	12
Other Liabilities | Fair Value Measurements
Assets and liabilities measured at fair value on a recurring basis
Derivatives, liabilities			$ 45	$ 78

Fair Value Measurements (Deta58

Fair Value Measurements (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Nonrecurring fair value measurements
Tangible Asset Impairment Charges		$ 310		$ 310
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down	$ 0	(1,145)	$ 0	(1,512)
Equity Method Investment, Other than Temporary Impairment		0		0
Asset Impairment Charges		(329)		(329)
Goodwill and Intangible Asset Impairment	0	(338)	(138)	(442)
Other Asset Impairment Charges		19		19
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee	0		0
Goodwill, Impairment Loss		291		375
Trademark and franchise rights impairment		33		33
Nonrecurring loss (gain) fair value measurement	(112)	(1,787)	(502)	(2,258)
Latin America [Member]
Nonrecurring fair value measurements
Equity Method Investment, Other than Temporary Impairment	52		52
Venezuelan subsidiary | Corporate
Nonrecurring fair value measurements
Trademark and franchise rights impairment		14		34
North America Territory [Member]
Nonrecurring fair value measurements
Tangible Asset Impairment Charges	60		312
Asset Impairment Charges		(653)	(450)	(737)
North America Territory [Member] | Latin America [Member]
Nonrecurring fair value measurements
Asset Impairment Charges	$ (112)		$ (502)
North America Territory [Member] | Venezuelan subsidiary
Nonrecurring fair value measurements
Asset Impairment Charges		(667)		(771)
Coca Cola FEMSA [Member]
Nonrecurring fair value measurements
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee		25		25
Coca Cola FEMSA [Member] | Corporate
Nonrecurring fair value measurements
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee		$ 25		$ 25

Fair Value Measurements (Deta59

Fair Value Measurements (Details 3) - USD ($) $ in Millions	Jun. 29, 2018	Dec. 31, 2017
Other fair value disclosures
Long-term debt, including the current portion, carrying amount	$ 32,086	$ 34,480
Long-term debt, including the current portion, fair value	$ 32,208	$ 35,169

Operating Segments (Details)

Operating Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017	Dec. 31, 2017
Net operating revenues:
Third Party	$ 8,803	$ 9,702	$ 16,280	$ 18,820
Intersegment	124	0	273	0
NET OPERATING REVENUES	8,927	9,702	16,553	18,820
Operating Income (Loss)	2,727	2,037	4,538	4,000
Income (loss) before income taxes	2,883	2,624	4,716	4,131
Identifiable operating assets	61,293	69,143	61,293	69,143	$ 58,615
Noncurrent investments	21,619	22,003	21,619	22,003	21,952
Productivity, integration and restructuring initiatives	111		206
Tangible Asset Impairment Charges		310		310
Costs incurred to refranchise of certain bottler interests	152	(82)	251	583
Tax litigation expense	22	19	27	25
Net realized and unrealized gains (losses) on equity securities and trading debt securities as well as realized gains (losses) on available-for-sale debt securities	36		(49)
Equity Method Investment, Other than Temporary Impairment		0		0
Asset Impairment Charges		329		329
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees	33	(37)	84	21
Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee		445		445
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee	0		0
Unusual or Infrequent Event Charges	14	22	156	86
Gain (Loss) on Extinguishment of Debt		(38)		(38)
Venezuelan subsidiary
Net operating revenues:
Impairment of Intangible Assets (Excluding Goodwill)		14		34
Europe, Middle East & Africa [Member]
Net operating revenues:
Third Party	2,046	2,037	3,738	3,669
Intersegment	124	0	273	0
NET OPERATING REVENUES	2,170	2,037	4,011	3,669
Operating Income (Loss)	1,095	1,076	2,009	1,936
Income (loss) before income taxes	1,117	1,111	2,044	1,996
Identifiable operating assets	8,838	5,409	8,838	5,409	5,475
Noncurrent investments	1,172	1,330	1,172	1,330	1,238
Productivity, integration and restructuring initiatives			2
Restructuring Reserve, Accrual Adjustment		(6)		(4)
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees				4
Latin America [Member]
Net operating revenues:
Third Party	1,012	935	1,991	1,848
Intersegment	19	15	38	28
NET OPERATING REVENUES	1,031	950	2,029	1,876
Operating Income (Loss)	593	559	1,165	1,064
Income (loss) before income taxes	541	559	1,107	1,066
Identifiable operating assets	1,847	1,787	1,847	1,787	1,896
Noncurrent investments	777	880	777	880	891
Productivity, integration and restructuring initiatives	1	1	3	1
Equity Method Investment, Other than Temporary Impairment	52		52
North America [Member]
Net operating revenues:
Third Party	3,046	2,326	5,671	3,979
Intersegment	71	577	126	1,341
NET OPERATING REVENUES	3,117	2,903	5,797	5,320
Operating Income (Loss)	684	755	1,215	1,329
Income (loss) before income taxes	699	659	1,230	1,136
Identifiable operating assets	18,346	17,423	18,346	17,423	17,619
Noncurrent investments	105	110	105	110	112
Productivity, integration and restructuring initiatives	47	49	99	84
Cost incurred to convert bottling agreement	2	109	21	215
Asia Pacific
Net operating revenues:
Third Party	1,399	1,384	2,511	2,462
Intersegment	118	123	224	253
NET OPERATING REVENUES	1,517	1,507	2,735	2,715
Operating Income (Loss)	705	709	1,270	1,250
Income (loss) before income taxes	712	716	1,286	1,265
Identifiable operating assets	2,429	2,340	2,429	2,340	2,072
Noncurrent investments	200	168	200	168	177
Productivity, integration and restructuring initiatives	1	2	1	3
Bottling investments [Member]
Net operating revenues:
Third Party	1,235	2,975	2,286	6,788
Intersegment	0	23	0	46
NET OPERATING REVENUES	1,235	2,998	2,286	6,834
Operating Income (Loss)	(56)	(651)	(517)	(740)
Income (loss) before income taxes	91	(519)	(297)	(1,065)
Identifiable operating assets	3,696	8,157	3,696	8,157	4,493
Noncurrent investments	15,700	16,035	15,700	16,035	15,998
Productivity, integration and restructuring initiatives	16	10	22	24
Costs incurred to refranchise of certain bottler interests	34	44	79	101
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers	(102)	(214)	(104)	(711)
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees	31	(38)	99	15
Corporate
Net operating revenues:
Third Party	65	45	83	74
Intersegment	0	0	0	0
NET OPERATING REVENUES	65	45	83	74
Operating Income (Loss)	(294)	(411)	(604)	(839)
Income (loss) before income taxes	(277)	98	(654)	(267)
Identifiable operating assets	26,137	34,027	26,137	34,027	27,060
Noncurrent investments	3,665	3,480	3,665	3,480	3,536
Productivity, integration and restructuring initiatives	46	31	79	118
Tax litigation expense	22		27
Net realized and unrealized gains (losses) on equity securities and trading debt securities as well as realized gains (losses) on available-for-sale debt securities	36		(49)
Our proportionate share of unusual or infrequent items charge/(gain) recorded by equity method investees	2	1	(15)	2
Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee		445		445
Unusual or Infrequent Event Charges		26		26
Gain (Loss) on Extinguishment of Debt		(38)		(38)
Corporate | Venezuelan subsidiary
Net operating revenues:
Impairment of Intangible Assets (Excluding Goodwill)		14		34
Intersegment Eliminations [Member]
Net operating revenues:
Third Party	0	0	0	0
Intersegment	(208)	(738)	(388)	(1,668)
NET OPERATING REVENUES	(208)	(738)	(388)	(1,668)
Operating Income (Loss)	0	0	0	0
Income (loss) before income taxes	0	0	0	0
Identifiable operating assets	0	0	0	0	0
Noncurrent investments	0	0	0	0	0
North America Territory [Member]
Operations, Reportable Information, by Operating Segment
Disposal Group, Including Discontinued Operation, Assets					9
Net operating revenues:
Tangible Asset Impairment Charges	60		312
Costs incurred to refranchise of certain bottler interests				15
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers	(102)	(1,274)	(104)	(1,771)
Asset Impairment Charges		653	450	737
North America Territory [Member] | Venezuelan subsidiary
Net operating revenues:
Asset Impairment Charges		667		771
North America Territory [Member] | Latin America [Member]
Net operating revenues:
Asset Impairment Charges	112		502
North America Territory [Member] | Bottling investments [Member]
Net operating revenues:
Tangible Asset Impairment Charges	60
Costs incurred to refranchise of certain bottler interests		47		86
Asset Impairment Charges		653	450	737
Latin America Bottling Operations [Member]
Operations, Reportable Information, by Operating Segment
Disposal Group, Including Discontinued Operation, Assets					210
Net operating revenues:
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers	36		36
Latin America Bottling Operations [Member] | Corporate
Net operating revenues:
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers	36		36
China Bottling Operation [Member]
Net operating revenues:
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers		9		9
China Bottling Operation [Member] | Corporate
Net operating revenues:
Benefit (charge) due to refranchising of territories or deconsolidation of bottlers		9		9
Coca-Cola Beverage Africa [Member]
Operations, Reportable Information, by Operating Segment
Disposal Group, Including Discontinued Operation, Assets	6,681		6,681		$ 7,329
Coca Cola FEMSA [Member]
Net operating revenues:
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee		25		25
Coca Cola FEMSA [Member] | Corporate
Net operating revenues:
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee		25		25
Russian juice operations [Member]
Net operating revenues:
Loss due to reversal of cumulative translation adjustment			(33)
Russian juice operations [Member] | Bottling investments [Member]
Net operating revenues:
Loss due to reversal of cumulative translation adjustment			(33)
Pension Benefits
Net operating revenues:
Defined Benefit Plan, Benefit Obligation, Payment for Settlement	(86)	$ 0	(86)	$ 0
Pension Benefits | Bottling investments [Member]
Net operating revenues:
Defined Benefit Plan, Benefit Obligation, Payment for Settlement	(47)		(47)
Pension Benefits | Corporate
Net operating revenues:
Defined Benefit Plan, Benefit Obligation, Payment for Settlement	$ (39)		$ (39)

Subsequent Event Subsequent E61

Subsequent Event Subsequent Event (Details) - Canadian Bottling Operations [Member] $ in Millions	Jun. 29, 2018USD ($)
Subsequent Event [Line Items]
Cash, cash equivalents and short-term investments	$ 1
Trade accounts receivable, less allowances	191
Inventories	132
Prepaid expenses and other assets	34
Other Investments	3
Other assets	240
Property, plant and equipment - net	188
Total assets	789
Accounts payable and accrued expenses	239
Other liabilities	2
Total liabilities	$ 241