The Coca-Cola Company is organized geographically and defines reportable operating segments as regions of the world. The
Question:
The Coca-Cola Company is organized geographically and defines reportable operating segments as regions of the world. The following information was extracted from Note 19 Operating Segments in the Coca-Cola Company 2014 Annual Report:
Information about our Company’s operations by operating segment for the years ended December 31, 2014, 2013, and 2012, is as follows (in millions): | |||||||||
| Eurasia | Europe | Latin | North | Asia Pacific | Bottling | Corporate | Eliminations | Consolidated |
2014 | | | | | | | | | |
Net operating revenues: | | | | | | | | | |
Third party | $2,730 | $4,844 | $4,597 | $21,462 | $5,257 | $6,972 | $ 136 | $ — | $45,998 |
Intersegment | — | 692 | 60 | 17 | 489 | 67 | — | (1,325) | — |
Total net revenues | 2,730 | 5,536 | 4,657 | 21,479 | 5,746 | 7,039 | 136 | (1,325) | 45,998 |
Operating income (loss) | 1,084 | 2,852 | 2,316 | 2,447 | 2,448 | 9 | (1,448) | — | 9,708 |
Interest income | — | — | — | — | — | — | 594 | — | 594 |
Interest expense | — | — | — | — | — | — | 483 | — | 483 |
Depreciation and amortization | 47 | 75 | 56 | 1,195 | 96 | 315 | 192 | — | 1,976 |
Equity income (loss)—net | 35 | 31 | 10 | (16) | 12 | 691 | 6 | — | 769 |
Income (loss) before income taxes | 1,125 | 2,892 | 2,319 | 1,633 | 2,464 | 715 | (1,823) | — | 9,325 |
Identifiable operating assets | 1,298 | 3,358 | 2,426 | 33,066 | 1,793 | 6,975 | 29,482 | — | 78,398 |
Investments | 1,081 | 90 | 757 | 48 | 157 | 8,781 | 2,711 | — | 13,625 |
Capital expenditures | 30 | 54 | 55 | 1,293 | 76 | 628 | 270 | — | 2,406 |
2013 | | | | | | | | | |
Net operating revenues: | | | | | | | | | |
Third party | $2,763 | $4,645 | $4,748 | $21,574 | $5,372 | $7,598 | $ 154 | $ — | $46,854 |
Intersegment | — | 689 | 191 | 16 | 497 | 78 | — | (1,471) | — |
Total net revenues | 2,763 | 5,334 | 4,939 | 21,590 | 5,869 | 7,676 | 154 | (1,471) | 46,854 |
Operating income (loss) | 1,087 | 2,859 | 2,908 | 2,432 | 2,478 | 115 | (1,651) | — | 10,228 |
Interest income | — | — | — | — | — | — | 534 | — | 534 |
Interest expense | — | — | — | — | — | — | 463 | — | 463 |
Depreciation and amortization | 42 | 86 | 58 | 1,192 | 130 | 335 | 134 | — | 1,977 |
Equity income (loss)—net | 22 | 24 | 13 | 2 | 19 | 524 | (2) | — | 602 |
Income (loss) before income taxes | 1,109 | 2,923 | 2,920 | 2,434 | 2,494 | 679 | (1,082) | — | 11,477 |
Identifiable operating assets | 1,273 | 3,713 | 2,918 | 33,964 | 1,922 | 7,011 | 27,742 | — | 78,543 |
Investments | 1,157 | 106 | 545 | 49 | 143 | 9,424 | 88 | — | 11,512 |
Capital expenditures | 40 | 34 | 63 | 1,374 | 117 | 643 | 279 | — | 2,550 |
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Advanced AccountingISBN: 978-0078025402 11th edition Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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