CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions Dec. 31, 2023 Dec. 31, 2022 CURRENT ASSETS Cash and cash equivalents $ 9,366 $ 9,519 Short-term investments 2,997 1,043 Total Cash, Cash Equivalents and Short-Term Investments 12,363 10,562 Marketable securities 1,300 1,069 Trade accounts receivable, less allowances of $502 and $516, respectively 3,410 3,487 Inventories 4,424 4,233 Prepaid expenses and other current assets 5,235 3,240 Total Current Assets 26,732 22,591 Equity method investments 19,671 18,264 Other investments Other noncurrent assets Deferred income tax assets Property, plant and equipment - net Trademarks with indefinite lives Goodwill Other intangible assets Total Assets CURRENT LIABILITIES Accounts payable and accrued expenses Loans and notes payable Current maturities of long-term debt Accrued income taxes 118 501 7,162 6,189 1,561 1,746 9,236 9,841 14,349 14,214 18,358 18,782 516 635 97,703 92,763 15,485 15,749 4,557 2,373 1,960 399 1,569 1,203 Total Current Liabilities 23,571 19,724 Long-term debt 35,547 36,377 Other noncurrent liabilities 8,466 7,922 Deferred income tax liabilities 2,639 2,914 THE COCA-COLA COMPANY SHAREOWNERS' EQUITY Common stock, $0.25 par value; authorized - 11,200 shares; issued - 7,040 shares 1,760 1,760 Capital surplus 19,209 18,822 Reinvested earnings 73,782 71,019 Accumulated other comprehensive income (loss) (14,275) (14,895) Treasury stock, at cost - 2,732 and 2,712 shares, respectively (54,535) (52,601) Equity Attributable to Shareowners of The Coca-Cola Company 25,941 24,105 Equity attributable to noncontrolling interests Total Equity Total Liabilities and Equity 1,539 1,721 27,480 25,826 $ 97,703 $92,763