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Coca-Cola KO Business Segments

FY'25FY'24FY'23FY'22
Revenue for Reportable Segments by Business
Bottling investments$5.73B-7.9%$6.22B-20.8%$7.85B-0.4%$7.88B
EMEA$10.83B+5.4%$10.28B+1.2%$10.15B+47.2%$6.9B
Latin America$6.33B-2.2%$6.47B+10.9%$5.83B+18.8%$4.91B
North America$19.58B+3.8%$18.86B+11.2%$16.97B+8.3%$15.67B
Net Operating Revenues by Business
Bottling investments$5.74B-7.8%$6.22B-20.8%$7.86B-0.4%$7.89B+9.6%
EMEA$11.51B+5.1%$10.96B+1.1%$10.84B+44.1%$7.52B+4.6%
Latin America$6.33B-2.1%$6.47B+10.9%$5.83B+18.8%$4.91B+18.5%
North America$19.59B+3.8%$18.87B+11.2%$16.97B+8.3%$15.67B+18.8%
Intersegment Revenue by Business
Bottling investments$9M+12.5%$8M0.0%$8M0.0%$8M-11.1%
EMEA$680M0.0%$680M-0.9%$686M+9.4%$627M-0.3%
Operating Income (Loss) by Business
Bottling investments$426M-14.1%$496M-14.2%$578M+18.7%$487M+3.0%
Latin America Segment$3.74B-1.3%$3.79B+10.4%$3.44B+19.7%$2.87B+13.3%
North America Segment$5.07B+11.3%$4.56B-1.7%$4.63B+23.8%$3.74B+12.3%
Selling, general and administrative expenses by Business
Bottling investments$1.36B-7.8%$1.48B-11.5%$1.67B-4.2%$1.74B
EMEA$3.92B+8.3%$3.62B+2.1%$3.55B+71.3%$2.07B
Latin America$1.44B-1.0%$1.45B+7.1%$1.36B+16.3%$1.17B
North America$4.12B+4.0%$3.96B+12.4%$3.52B+9.5%$3.22B
Cost of goods sold by Business
Bottling investments$3.95B-7.1%$4.25B-24.3%$5.62B-0.9%$5.66B
EMEA$3.29B+6.8%$3.08B+3.8%$2.97B+97.7%$1.5B
Latin America$1.11B+0.9%$1.1B+5.7%$1.04B+19.3%$872M
North America$9.44B-1.6%$9.6B+9.1%$8.79B+1.1%$8.7B
Other operating charges by Business
Bottling investments$0$0$0$0
EMEA$0$0$0+100%-$7M
Latin America$44M-65.1%$126M$0$0
North America$960M+26.3%$760M+2,823%$26M+36.8%$19M
CapEx by Business
Bottling Investments$547M-25.5%$734M-12.9%$843M+20.9%$697M+24.5%
Europe, Middle East & Africa$237M+6.8%$222M-5.5%$235M+370%$50M+42.9%
Latin America$2M+100%$1M0.0%$1M-75.0%$4M+100%
North America$669M+11.1%$602M+46.1%$412M+47.1%$280M+22.8%
Divestitures by Business
A.Pacific$0$0$0
Bottling Investments-$3.36B-336,000%-$1M+99.6%-$231M$0+100%
EMEA-$8M$0$0$0
Latin America$0$0$0$0
North America$0$0$0$0+100%
Effect of foreign currency translation by Business
A.Pacific$2M+120%-$10M+9.1%-$11M
Bottling Investments$396M+571%-$84M+68.2%-$264M-10.5%-$239M+16.1%
EMEA$311M+391%-$107M-143%-$44M+47.0%-$83M0.0%
Latin America$12M+209%-$11M-283%$6M+100%$3M+138%
North America$0$0$0$0
D&A by Business
Bottling investments$313M-1.9%$319M-18.0%$389M-10.6%$435M-17.8%
EMEA$173M-4.4%$181M-3.2%$187M+197%$63M-17.1%
Latin America$32M+10.3%$29M-39.6%$48M+23.1%$39M0.0%
North America$326M+0.3%$325M+4.8%$310M-6.1%$330M-14.9%
Intersegment by Business
Latin America Segment$3M$0$0$0
North America Segment$7M-22.2%$9M+12.5%$8M+14.3%$7M+16.7%
Net Operating Revenues by Product
Concentrate operations$27.87B+0.5%$27.73B+4.5%$26.54B+10.3%$24.07B
Finished product operations$20.07B+3.8%$19.34B+0.6%$19.22B+1.5%$18.93B
Net Operating Revenues by Geography
Non-US$28.81B+0.4%$28.7B-1.7%$29.2B
UNITED STATES$19.13B+4.2%$18.36B+10.9%$16.55B+7.4%$15.41B+18.5%

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Questions, answered.

How does Coca-Cola break its business down?
Coca-Cola (KO) reports revenue for reportable segments by business across 4 parts — Bottling investments, EMEA, Latin America and North America. Each is extracted from the segment footnotes and tracked over time.
Where does Coca-Cola's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Coca-Cola's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.