Coca-Cola Co., adjusted current assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current assets	26,732)	22,591)	22,545)	19,240)	20,411)
Adjustments
Add: Allowances	502)	516)	516)	526)	524)
After Adjustment
Adjusted current assets	27,234)	23,107)	23,061)	19,766)	20,935)

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Coca-Cola Co., adjusted total assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total assets	97,703)	92,763)	94,354)	87,296)	86,381)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Allowances	502)	516)	516)	526)	524)
Less: Deferred tax assets²	1,561)	1,746)	2,129)	2,460)	2,412)
After Adjustment
Adjusted total assets	96,644)	91,533)	92,741)	85,362)	84,493)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Coca-Cola Co., adjusted total liabilities

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total liabilities	70,223)	66,937)	69,494)	66,012)	65,283)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax liabilities²	2,639)	2,914)	2,821)	1,833)	2,284)
Less: Accrued expenses related to restructuring	4)	46)	40)	202)	66)
After Adjustment
Adjusted total liabilities	67,580)	63,977)	66,633)	63,977)	62,933)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Coca-Cola Co., adjusted equity attributable to shareowners of The Coca-Cola Company

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Equity attributable to shareowners of The Coca-Cola Company	25,941)	24,105)	22,999)	19,299)	18,981)
Adjustments
Less: Net deferred tax assets (liabilities)¹	(1,078)	(1,168)	(692)	627)	128)
Add: Allowances	502)	516)	516)	526)	524)
Add: Accrued expenses related to restructuring	4)	46)	40)	202)	66)
Add: Equity attributable to noncontrolling interests	1,539)	1,721)	1,861)	1,985)	2,117)
After Adjustment
Adjusted total equity	29,064)	27,556)	26,108)	21,385)	21,560)

¹ Net deferred tax assets (liabilities). See details »

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Coca-Cola Co., adjusted capitalization table

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Loans and notes payable	4,557)	2,373)	3,307)	2,183)	10,994)
Current maturities of long-term debt	1,960)	399)	1,338)	485)	4,253)
Long-term debt, excluding current maturities	35,547)	36,377)	38,116)	40,125)	27,516)
Total reported debt	42,064)	39,149)	42,761)	42,793)	42,763)
Equity attributable to shareowners of The Coca-Cola Company	25,941)	24,105)	22,999)	19,299)	18,981)
Total reported capital	68,005)	63,254)	65,760)	62,092)	61,744)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Current portion of operating lease liabilities (included in Accounts payable and accrued expenses)²	361)	341)	310)	322)	281)
Add: Noncurrent portion of operating lease liabilities (included in Other noncurrent liabilities)³	1,001)	1,113)	1,161)	1,300)	1,111)
Adjusted total debt	43,426)	40,603)	44,232)	44,415)	44,155)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	(1,078)	(1,168)	(692)	627)	128)
Add: Allowances	502)	516)	516)	526)	524)
Add: Accrued expenses related to restructuring	4)	46)	40)	202)	66)
Add: Equity attributable to noncontrolling interests	1,539)	1,721)	1,861)	1,985)	2,117)
Adjusted total equity	29,064)	27,556)	26,108)	21,385)	21,560)
After Adjustment
Adjusted total capital	72,490)	68,159)	70,340)	65,800)	65,715)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current portion of operating lease liabilities (included in Accounts payable and accrued expenses). See details »

³ Noncurrent portion of operating lease liabilities (included in Other noncurrent liabilities). See details »

⁴ Net deferred tax assets (liabilities). See details »

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Coca-Cola Co., adjusted net income attributable to shareowners of The Coca-Cola Company

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Net income attributable to shareowners of The Coca-Cola Company	10,714)	9,542)	9,771)	7,747)	8,920)
Adjustments
Add: Deferred income tax expense (benefit)¹	(2)	(122)	894)	(18)	(280)
Add: Increase (decrease) in allowances	(14)	—)	(10)	2)	23)
Add: Increase (decrease) in accrued expenses related to restructuring	(42)	6)	(162)	136)	(24)
Add: Other comprehensive income (loss)	473)	(683)	137)	(1,210)	(121)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	(158)	(89)	(101)	(132)	110)
After Adjustment
Adjusted consolidated net income	10,971)	8,654)	10,529)	6,525)	8,628)

¹ Deferred income tax expense (benefit). See details »

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Coca-Cola Co. (NYSE:KO)

Adjustments to Financial Statements