Form 8-K

8-K — COCA COLA CO

Accession: 0001628280-26-067403

Filed: 2026-10-27

Period: 2026-10-27

CIK: 0000021344

SIC: 2080 (BEVERAGES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ko-20261027.htm (Primary)

EX-99.1 (a2026q3earningsreleaseex-9.htm)

GRAPHIC — IMAGE (ko-20261027_g1.jpg)

GRAPHIC — IMAGE (releaselogo.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: ko-20261027.htm · Sequence: 1

ko-20261027

0000021344False00000213442026-10-272026-10-270000021344ko:CommonStock0.25ParValueMember2026-10-272026-10-270000021344ko:A1.125NotesDue2027Member2026-10-272026-10-270000021344ko:A125NotesDue2029KO29AMember2026-10-272026-10-270000021344ko:A125NotesDue2029KO29BMember2026-10-272026-10-270000021344ko:A0400NotesDue2030Member2026-10-272026-10-270000021344ko:A1.250NotesDue2031Member2026-10-272026-10-270000021344ko:A3.125NotesDue2032Member2026-10-272026-10-270000021344ko:A375NotesDue2033Member2026-10-272026-10-270000021344ko:A500NotesDue2033Member2026-10-272026-10-270000021344ko:A1.625NotesDue2035Member2026-10-272026-10-270000021344ko:A1.100NotesDue2036Member2026-10-272026-10-270000021344ko:A0950NotesDue2036Member2026-10-272026-10-270000021344ko:A3.375NotesDue2037Member2026-10-272026-10-270000021344ko:A800NotesDue2040Member2026-10-272026-10-270000021344ko:A1000NotesDue2041Member2026-10-272026-10-270000021344ko:A3.500NotesDue2044Member2026-10-272026-10-270000021344ko:A3.750NotesDue2053Member2026-10-272026-10-27

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

October 27, 2026

COCA COLA CO

(Exact name of Registrant as specified in its charter)

Delaware 001-02217 58-0628465

(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

One Coca-Cola Plaza

Atlanta, Georgia 30313

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (404) 676-2121

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, $0.25 Par Value KO New York Stock Exchange

1.125% Notes Due 2027 KO27 New York Stock Exchange

0.125% Notes Due 2029 KO29A New York Stock Exchange

0.125% Notes Due 2029 KO29B New York Stock Exchange

0.400% Notes Due 2030 KO30B New York Stock Exchange

1.250% Notes Due 2031 KO31 New York Stock Exchange

3.125% Notes Due 2032 KO32 New York Stock Exchange

0.375% Notes Due 2033 KO33 New York Stock Exchange

0.500% Notes Due 2033 KO33A New York Stock Exchange

1.625% Notes Due 2035 KO35 New York Stock Exchange

1.100% Notes Due 2036 KO36 New York Stock Exchange

0.950% Notes Due 2036 KO36A New York Stock Exchange

3.375% Notes Due 2037 KO37 New York Stock Exchange

0.800% Notes Due 2040 KO40B New York Stock Exchange

1.000% Notes Due 2041 KO41 New York Stock Exchange

3.500% Notes Due 2044 KO44 New York Stock Exchange

3.750% Notes Due 2053 KO53 New York Stock Exchange

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange

Act. ☐

Item 2.02.     Results of Operations and Financial Condition.

Attached as Exhibit 99.1 is a copy of a press release of The Coca-Cola Company (“company”), dated October 27, 2026, reporting the company’s financial results for the third quarter 2026. The information in this Item 2.02, including the Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01(d).    Financial Statements and Exhibits.

EXHIBIT INDEX

Exhibit No.

Description

Exhibit 99.1

Press Release of The Coca-Cola Company, dated October 27, 2026, reporting

The Coca-Cola Company’s financial results for the third quarter 2026.

Exhibit 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the iXBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

THE COCA-COLA COMPANY

(REGISTRANT)

Date: October 27, 2026

By: /s/ ERIN L. MAY

Erin L. May

Senior Vice President, Controller and Chief Accounting Officer

EX-99.1

EX-99.1

Filename: a2026q3earningsreleaseex-9.htm · Sequence: 2

Document

Exhibit 99.1

Coca-Cola Reports Third Quarter 2026 Results and Raises Full Year Guidance

Global Unit Case Volume Grew 5%

Net Revenues Grew 7%;

Organic Revenues (Non-GAAP) Grew 7%

Operating Income Grew 12%;

Comparable Currency Neutral Operating Income (Non-GAAP) Grew 8%

Operating Margin was 33.4% versus 32.0% in the Prior Year;

Comparable Operating Margin (Non-GAAP) was 32.9% versus 31.9% in the Prior Year

EPS Grew 8% to $0.93; Comparable EPS (Non-GAAP) Grew 11% to $0.91

ATLANTA, Oct. 27, 2026 – The Coca-Cola Company today reported third quarter 2026 results. “Our results this quarter demonstrate our system’s sustained momentum, giving us confidence in our updated full year guidance,” said Henrique Braun, CEO of The Coca-Cola Company. “By staying close to consumers and executing with agility across our global system, we are delivering quality growth while continuing to invest in the capabilities, brands and people that will fuel our future.”

Highlights

Quarterly Performance

•Revenues: Net revenues grew 7% to $13.4 billion, and organic revenues (non-GAAP) grew 7%, driven by a 7% increase in concentrate sales and 1% growth in price/mix. Concentrate sales were 2 points ahead of unit case volume due to the timing of concentrate shipments.

•Operating margin: Operating margin was 33.4% versus 32.0% in the prior year, and comparable operating margin (non-GAAP) was 32.9% versus 31.9% in the prior year. Operating margin performance included items impacting comparability, as well as currency tailwinds. Comparable operating margin (non-GAAP) expansion was driven by organic revenue (non-GAAP) growth and currency tailwinds, partially offset by an increase in marketing investments and higher operating expenses.

•Earnings per share: EPS grew 8% to $0.93, and comparable EPS (non-GAAP) grew 11% to $0.91. Both EPS and comparable EPS (non-GAAP) performance included the impact of a 2-point currency tailwind.

•Market share: The company gained value share in total nonalcoholic ready-to-drink (“NARTD”) beverages.

•Cash flow: Year-to-date cash flow from operations and free cash flow (non-GAAP) were $12.5 billion and $11.4 billion, respectively.

1

Company Updates

•Celebrating local heritage and strengthening communities through its brands: Recently, the company reached milestone anniversaries in three important markets: the United States, Mexico and Nigeria. In the United States, the Coca-Cola system marked 140 years of serving consumers and strengthening communities. According to a recent study from Steward Redqueen, the system today supports nearly 1 million jobs throughout the value chain and contributes approximately $85 billion in annual economic activity in the United States. From Trademark Coca-Cola to fairlife, the company’s brands continue to provide consumers with beverages across many drinking occasions. The system celebrated 100 years of growing together with Mexico through a campaign rooted in consumers’ deep, multigenerational connections with Coca-Cola. The campaign came to life through limited-edition packaging, local cultural icons and integrated experiences, generating strong consumer engagement that contributed to volume growth during the quarter. In Nigeria, a 75-year anniversary celebration of Coca-Cola’s connection with generations of Nigerians brought together national pride, music, authentic connection and self-expression through distinctive packaging, creator content and experiential activations. The campaign reached more than 100 million consumers, contributing to volume growth and value and volume share gains for the quarter. Together, these milestones demonstrate how the company combines global scale with deep local roots to create meaningful consumer experiences and drive growth.

•Globally connecting brands to consumers through locally relevant music experiences: The company continues to connect its brands to passion points, with music serving as a powerful global platform to drive relevance and consumer engagement. As an example, across Europe, Coca-Cola and Sprite were highlighted at 60 festivals in more than 20 markets, reaching over 12 million attendees and over 500 million livestream viewers while building direct consumer connections through first-party data. Highlights include uplifting activations at Tomorrowland in Belgium, Rock in Rio Lisboa in Portugal and Coca-Cola Music Experience in Spain. The company drove strong local momentum in Greece by offering Trademark Coca-Cola products in the newly launched 500ml “Supercan” across nearly 20 live music events. In Great Britain, the company bridged music and soccer by partnering with British rapper Central Cee to create an original song for its English Premier League campaign. Together, these activations strengthened brand relevance and contributed to volume growth for the quarter in Europe.

2

Operating Review – Three Months Ended October 2, 2026

Revenues and Volume

Percent Change

Concentrate Sales1

Price/Mix Currency Impact Acquisitions and Divestitures Reported Net Revenues

Organic Revenues2

Unit Case Volume3

Consolidated 7 1 1 (1) 7 7 5

Europe, Middle East & Africa 6 1 0 (3) 4 7 5

Latin America 8 7 9 0 25 16 6

North America 2 1 0 0 3 3 0

Asia Pacific 8 (2) (3) 0 4 6 6

Bottling Investments 10 3 1 0 13 12 8

Operating Income and EPS

Percent Change Reported Operating Income Items Impacting Comparability Currency Impact

Comparable Currency Neutral Operating Income2

Consolidated 12 1 3 8

Europe, Middle East & Africa 7 0 0 7

Latin America 29 1 13 14

North America 5 0 0 5

Asia Pacific 8 (5) (1) 14

Bottling Investments 261 11 (2) 252

Percent Change Reported EPS Items Impacting Comparability Currency Impact

Comparable Currency Neutral EPS2

Consolidated 8 (3) 2 9

Note: Certain rows may not add due to rounding.

1 For Bottling Investments, this represents the percent change in net revenues attributable to the increase (decrease) in unit case volume computed based on total sales (rather than average daily sales) in each of the corresponding periods after considering the impact of structural changes, if any.

2 Organic revenues, comparable currency neutral operating income and comparable currency neutral EPS are non-GAAP financial measures. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section.

3 Unit case volume is computed based on average daily sales.

In addition to the data in the preceding tables, operating results included the following:

Consolidated

•Unit case volume grew 5%, led by India, China, Mexico and Brazil. Performance included the following:

◦Sparkling soft drinks grew 5%. Trademark Coca-Cola grew 5% and Coca-Cola Zero Sugar grew 16%, both driven by growth across all geographic operating segments. Diet Coke/Coca-Cola Light grew 6%, driven by growth in North America and Asia Pacific. Sparkling flavors grew 3%, driven by growth in Asia Pacific, Latin America and Europe, Middle East & Africa (“EMEA”).

◦Juice, value-added dairy and plant-based beverages was even, as growth in Asia Pacific, Latin America and North America was offset by a decline in EMEA. Growth in fairlife, Maaza and Minute Maid was offset by the impact of the sale of the company’s finished product operations in Nigeria in the fourth quarter of 2025.

◦Water, sports, coffee and tea grew 5%. Water grew 8%, driven by growth in Asia Pacific, Latin America and EMEA. Sports drinks declined 3%, as growth in EMEA and Latin America was more than offset by a decline

3

in Asia Pacific. Coffee was even, as growth in EMEA was offset by a decline in Asia Pacific. Tea was even, as growth in Latin America was offset by a decline in North America.

•Price/mix grew 1%, primarily driven by pricing actions in the marketplace, partially offset by unfavorable mix. Concentrate sales were 2 points ahead of unit case volume due to the timing of concentrate shipments.

•Operating income grew 12%, which included items impacting comparability and currency tailwinds. Comparable currency neutral operating income (non-GAAP) grew 8%, primarily driven by organic revenue (non-GAAP) growth, partially offset by an increase in marketing investments and higher operating expenses.

Europe, Middle East & Africa

•Unit case volume grew 5%, primarily driven by growth in Trademark Coca-Cola, water, sports, coffee and tea, and sparkling flavors.

•Price/mix grew 1%, primarily driven by pricing actions in the marketplace, partially offset by unfavorable mix. Concentrate sales were 1 point ahead of unit case volume due to the timing of concentrate shipments.

•Operating income and comparable currency neutral operating income (non-GAAP) both grew 7%, primarily driven by organic revenue (non-GAAP) growth and lower input costs, partially offset by an increase in marketing investments and higher operating expenses.

•The company lost value share in total NARTD beverages, as gains in Nigeria and Morocco were more than offset by losses in France and the United Kingdom.

Latin America

•Unit case volume grew 6%, driven by growth across all global beverage categories.

•Price/mix grew 7%, primarily driven by pricing actions in the marketplace and favorable mix. Concentrate sales were 2 points ahead of unit case volume due to the timing of concentrate shipments.

•Operating income grew 29%, which included items impacting comparability and a currency tailwind. Comparable currency neutral operating income (non-GAAP) grew 14%, primarily driven by organic revenue (non-GAAP) growth and lower operating expenses, partially offset by an increase in marketing investments.

•The company gained value share in total NARTD beverages, led by share gains in Brazil and Mexico.

North America

•Unit case volume was even, as growth in Trademark Coca-Cola was offset by a decline in water, sports, coffee and tea.

•Price/mix grew 1%, primarily driven by pricing actions in the marketplace, partially offset by unfavorable mix. Concentrate sales were 2 points ahead of unit case volume due to the timing of concentrate shipments.

•Operating income and comparable currency neutral operating income (non-GAAP) both grew 5%, primarily driven by organic revenue (non-GAAP) growth and the timing of marketing investments, partially offset by higher input costs and operating expenses.

•The company gained value share in total NARTD beverages, led by share gains in juice, value-added dairy and plant-based beverages and Trademark Coca-Cola.

4

Asia Pacific

•Unit case volume grew 6%, driven by growth across all global beverage categories.

•Price/mix declined 2%, as pricing actions in the marketplace were more than offset by unfavorable mix. Concentrate sales were 2 points ahead of unit case volume due to the timing of concentrate shipments.

•Operating income grew 8%, which included items impacting comparability and a currency headwind. Comparable currency neutral operating income (non-GAAP) grew 14%, primarily driven by organic revenue (non-GAAP) growth.

•The company gained value share in total NARTD beverages, led by share gains in Japan and Vietnam.

Bottling Investments

•Unit case volume grew 8%, primarily driven by growth in India and South Africa.

•Price/mix grew 3%, primarily driven by pricing actions in the marketplace, partially offset by unfavorable mix.

•Operating income grew 261%, which included items impacting comparability and a currency headwind. Comparable currency neutral operating income (non-GAAP) grew 252%, primarily driven by organic revenue (non-GAAP) growth and lower operating expenses.

5

Operating Review – Nine Months Ended October 2, 2026

Revenues and Volume

Percent Change

Concentrate Sales1

Price/Mix Currency Impact Acquisitions and Divestitures Reported Net Revenues

Organic Revenues2

Unit Case Volume3

Consolidated 6 1 2 (1) 9 8 4

Europe, Middle East & Africa 4 2 3 (3) 6 6 3

Latin America 6 4 8 0 18 10 3

North America 5 2 0 0 7 7 2

Asia Pacific 10 (6) (1) 0 3 4 7

Bottling Investments 10 1 2 (1) 11 11 5

Operating Income and EPS

Percent Change Reported Operating Income Items Impacting Comparability Currency Impact

Comparable Currency Neutral Operating Income2

Consolidated 13 2 2 9

Europe, Middle East & Africa 7 2 2 4

Latin America 22 5 8 9

North America 9 (2) 0 11

Asia Pacific (2) 1 (1) (2)

Bottling Investments 108 2 (1) 107

Percent Change Reported EPS Items Impacting Comparability Currency Impact

Comparable Currency Neutral EPS2

Consolidated 14 1 2 11

Note: Certain rows may not add due to rounding.

1 For Bottling Investments, this represents the percent change in net revenues attributable to the increase (decrease) in unit case volume computed based on total sales (rather than average daily sales) in each of the corresponding periods after considering the impact of structural changes, if any.

2 Organic revenues, comparable currency neutral operating income and comparable currency neutral EPS are non-GAAP financial measures. Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures section.

3 Unit case volume is computed based on average daily sales.

Outlook

The 2026 and 2027 outlook information provided below includes forward-looking non-GAAP financial measures, which management uses in measuring performance. The company is not able to reconcile full year 2026 projected organic revenues (non-GAAP) to full year 2026 projected reported net revenues, full year 2026 projected comparable net revenues (non-GAAP) to full year 2026 projected reported net revenues, full year 2026 projected underlying effective tax rate (non-GAAP) to full year 2026 projected reported effective tax rate, full year 2026 projected comparable currency neutral EPS excluding acquisitions and divestitures (non-GAAP) to full year 2026 projected reported EPS, full year 2026 projected comparable EPS (non-GAAP) to full year 2026 projected reported EPS, full year 2027 projected comparable net revenues (non-GAAP) to full year 2027 projected reported net revenues, or full year 2027 projected comparable EPS (non-GAAP) to full year 2027 projected reported EPS without unreasonable efforts because it is not possible to predict with a reasonable degree of certainty the exact timing and exact impact of acquisitions and divestitures throughout 2026 and 2027; the exact timing and exact amount of items impacting comparability throughout 2026 and 2027; and the exact impact of fluctuations in foreign currency exchange rates throughout 2026 and 2027. The unavailable information could have a significant impact on the company’s full year 2026 and full year 2027 reported financial results.

6

Full Year 2026 Guidance

Current Prior

Organic revenues (non-GAAP) At least 5% growth Approx. 5% growth

Comparable net revenues

(non-GAAP)

•Approx. 1% currency tailwind1

•Approx. 2% headwind from acquisitions and divestitures2

•Approx. 1% currency tailwind1

•2% to 3% headwind from acquisitions and divestitures2

Underlying effective tax rate

(non-GAAP)3

19.7% 19.9%

Comparable currency neutral EPS excluding acquisitions and divestitures (non-GAAP) At least 9% growth 7% to 8% growth

Comparable EPS (non-GAAP)

At least 11% growth, which includes:

•Approx. 3% currency tailwind1

•Approx. 1% headwind from acquisitions and divestitures2

9% to 10% growth, which includes:

•Approx. 3% currency tailwind1

•Approx. 1% headwind from acquisitions and divestitures2

Free cash flow (non-GAAP)

At least $13.0 billion, consisting of:

•At least $15.2 billion of cash from operations

•Approx. $2.2 billion of capital expenditures

Approx. $12.4 billion, consisting of:

•Approx. $14.6 billion of cash from operations

•Approx. $2.2 billion of capital expenditures

Fourth Quarter 2026 Considerations

Comparable net revenues

(non-GAAP)

•Approx. 1% currency tailwind1

•Approx. 4% headwind from acquisitions and divestitures2

Comparable EPS (non-GAAP)

•Approx. 4% currency tailwind1

•Approx. 3% headwind from acquisitions and divestitures2

Full Year 2027 Considerations

Comparable net revenues

(non-GAAP)

•Slight currency headwind1

•Approx. 8% headwind from acquisitions and divestitures2

Comparable EPS (non-GAAP)

•Slight currency headwind1

•Approx. 2% headwind from acquisitions and divestitures2

The company will provide full year 2027 guidance when it reports fourth quarter earnings.

1 Current column based on current rates and including the impact of hedged positions. Prior column based on prior rates and including the impact of hedged positions.

2 Current column assumes the pending sale of our bottling operations in Africa closes during the fourth quarter of 2026, and prior column assumes the pending sale of our bottling operations in Africa closes towards the end of the third quarter or during the fourth quarter of 2026. Closing is subject to regulatory approvals.

3 This does not include the impact of ongoing tax litigation with the U.S. Internal Revenue Service, if the company were not to prevail.

Notes

•All references to growth rate percentages and share compare the results of the period to those of the prior year comparable period, unless otherwise noted.

•All references to volume and volume percentage changes indicate unit case volume, unless otherwise noted. All volume percentage changes are computed based on average daily sales, unless otherwise noted. “Unit case” means a unit of measurement equal to 192 U.S. fluid ounces of finished beverage (24 eight-ounce servings), with the exception of unit case equivalents for Costa non-ready-to-drink beverage products, which are primarily measured in number of transactions. “Unit case volume” means the number of unit cases (or unit case

7

equivalents) of company beverages directly or indirectly sold by the company and its bottling partners to customers or consumers.

•“Concentrate sales” represents the amount of concentrates, syrups, beverage bases, source waters and powders/minerals (in all instances expressed in unit case equivalents) sold by, or used in finished beverages sold by, the company to its bottling partners or other customers. For Costa non-ready-to-drink beverage products, “concentrate sales” represents the amount of beverages, primarily measured in number of transactions (in all instances expressed in unit case equivalents), sold by the company to customers or consumers. In the reconciliation of reported net revenues, “concentrate sales” represents the percent change in net revenues attributable to the increase (decrease) in concentrate sales volume for the geographic operating segments after considering the impact of acquisitions and divestitures, if any. For the Bottling Investments operating segment, this represents the percent change in net revenues attributable to the increase (decrease) in unit case volume computed based on total sales (rather than average daily sales) in each of the corresponding periods after considering the impact of structural changes, if any. The Bottling Investments operating segment reflects unit case volume growth for consolidated bottlers only.

•“Price/mix” represents the change in net operating revenues caused by factors such as price changes, the mix of products and packages sold, and the mix of channels and geographic territories where the sales occurred.

•First quarter 2026 financial results were impacted by six additional days as compared to first quarter 2025, and fourth quarter 2026 financial results will be impacted by six fewer days as compared to fourth quarter 2025. Unit case volume results for the quarters are not impacted by the variances in days due to the average daily sales computation referenced above.

Conference Call

The company is hosting a conference call with investors and analysts to discuss third quarter 2026 operating results today, Oct. 27, 2026, at 8:30 a.m. ET. The company invites participants to listen to a live webcast of the conference call on the company’s website, http://www.coca-colacompany.com, in the “Investors” section. An audio replay in downloadable digital format and a transcript of the call will be available on the website within 24 hours following the call. Further, the “Investors” section of the website includes certain supplemental information and a reconciliation of non-GAAP financial measures to the company’s results as reported under GAAP, which may be used during the call when discussing financial results.

Contacts:

Investors and Analysts: Todd Beiger, koinvestorrelations@coca-cola.com

Media: Scott Leith, sleith@coca-cola.com

8

THE COCA-COLA COMPANY AND SUBSIDIARIES

Consolidated Statements of Income

(In millions except per share data)

Three Months Ended

October 2,

2026 September 26,

2025 % Change

Net Operating Revenues $ 13,380  $ 12,455  7

Cost of goods sold 4,930  4,797  3

Gross Profit 8,450  7,658  10

Selling, general and administrative expenses 3,975  3,618  10

Other operating charges 10  58  (83)

Operating Income 4,465  3,982  12

Interest income 224  185  21

Interest expense 354  391  (9)

Equity income (loss) — net 653  644  1

Other income (loss) — net (155) (237) 35

Income Before Income Taxes 4,833  4,183  16

Income taxes 777  500  56

Consolidated Net Income 4,056  3,683  10

Less: Net income (loss) attributable to noncontrolling interests 47  (13) —

Net Income Attributable to Shareowners of The Coca-Cola Company $ 4,009  $ 3,696  8

Basic Net Income Per Share1

$ 0.93  $ 0.86  8

Diluted Net Income Per Share1

$ 0.93  $ 0.86  8

Average Shares Outstanding 4,303  4,303  0

Effect of dilutive securities 11  10  13

Average Shares Outstanding Assuming Dilution 4,314  4,313  0

Note: Certain growth rates may not recalculate using the rounded dollar amounts provided.

1 Calculated based on net income attributable to shareowners of The Coca-Cola Company.

9

THE COCA-COLA COMPANY AND SUBSIDIARIES

Consolidated Statements of Income

(In millions except per share data)

Nine Months Ended

October 2,

2026 September 26,

2025 % Change

Net Operating Revenues $ 39,232  $ 36,119  9

Cost of goods sold 14,515  13,674  6

Gross Profit 24,717  22,445  10

Selling, general and administrative expenses 11,167  10,322  8

Other operating charges 54  202  (74)

Operating Income 13,496  11,921  13

Interest income 644  553  17

Interest expense 1,098  1,223  (10)

Equity income (loss) — net 1,641  1,556  5

Other income (loss) — net 236  229  3

Income Before Income Taxes 14,919  13,036  14

Income taxes 2,459  2,215  11

Consolidated Net Income 12,460  10,821  15

Less: Net income (loss) attributable to noncontrolling interests 102  (15) —

Net Income Attributable to Shareowners of The Coca-Cola Company $ 12,358  $ 10,836  14

Basic Net Income Per Share1

$ 2.87  $ 2.52  14

Diluted Net Income Per Share1

$ 2.86  $ 2.51  14

Average Shares Outstanding 4,302  4,303  0

Effect of dilutive securities 11  11  6

Average Shares Outstanding Assuming Dilution 4,313  4,314  0

Note: Certain growth rates may not recalculate using the rounded dollar amounts provided.

1 Calculated based on net income attributable to shareowners of The Coca-Cola Company.

10

THE COCA-COLA COMPANY AND SUBSIDIARIES

Consolidated Balance Sheets

(In millions except par value)

October 2,

2026 December 31,

2025

ASSETS

Current Assets

Cash and cash equivalents $ 13,454  $ 10,270

Short-term investments 231  3,602

Total Cash, Cash Equivalents and Short-Term Investments 13,685  13,872

Marketable securities 2,910  1,934

Trade accounts receivable, less allowances of $514 and $495, respectively 3,571  3,038

Inventories 4,410  4,425

Prepaid expenses and other current assets 2,475  2,433

Assets held for sale 6,275  5,342

Total Current Assets 33,326  31,044

Equity method investments 20,710  20,235

Deferred income tax assets 1,086  1,206

Property, plant and equipment — net 9,485  9,613

Trademarks with indefinite lives 12,459  12,531

Goodwill 15,408  15,491

Other noncurrent assets 15,476  14,696

Total Assets $ 107,950  $ 104,816

LIABILITIES AND EQUITY

Current Liabilities

Accounts payable and accrued expenses $ 15,633  $ 14,813

Loans and notes payable 73  1,551

Current maturities of long-term debt 4,923  1,822

Accrued income taxes 577  525

Liabilities held for sale 3,003  2,570

Total Current Liabilities 24,209  21,281

Long-term debt 36,623  42,119

Other noncurrent liabilities 4,678  4,735

Deferred income tax liabilities 2,907  2,406

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 20,894  20,581

Reinvested earnings 85,898  80,382

Accumulated other comprehensive income (loss) (14,090) (14,131)

Treasury stock, at cost — 2,738 and 2,738 shares, respectively (57,090) (56,423)

Equity Attributable to Shareowners of The Coca-Cola Company 37,372  32,169

Equity attributable to noncontrolling interests 2,161  2,106

Total Equity 39,533  34,275

Total Liabilities and Equity $ 107,950  $ 104,816

11

THE COCA-COLA COMPANY AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(In millions)

Nine Months Ended

October 2,

2026 September 26,

2025

Operating Activities

Consolidated net income $ 12,460  $ 10,821

Adjustments to reconcile consolidated net income to net cash provided by operating activities:

Depreciation and amortization 783  814

Stock-based compensation expense 194  204

Deferred income taxes 457  496

Equity (income) loss — net of dividends (1,013) (859)

Foreign currency adjustments 106  127

Significant (gains) losses — net (61) (396)

Other operating charges —  38

Other items 43  447

Net change in operating assets and liabilities (498) (8,040)

Net Cash Provided by (Used in) Operating Activities 12,471  3,652

Investing Activities

Purchases of investments (3,706) (3,292)

Proceeds from disposals of investments 5,952  4,300

Acquisitions of businesses, equity method investments and nonmarketable securities (204) (356)

Proceeds from disposals of businesses, equity method investments and nonmarketable securities

1  1,020

Purchases of property, plant and equipment (1,063) (1,230)

Proceeds from disposals of property, plant and equipment 43  21

Collateral (paid) received associated with hedging activities — net (133) 300

Other investing activities 271  214

Net Cash Provided by (Used in) Investing Activities 1,161  977

Financing Activities

Issuances of loans, notes payable and long-term debt 19  4,854

Payments of loans, notes payable and long-term debt (3,165) (4,166)

Issuances of stock 355  243

Purchases of stock for treasury (900) (644)

Dividends (6,842) (4,391)

Proceeds from sale of a noncontrolling interest —  1,277

Other financing activities (13) (261)

Net Cash Provided by (Used in) Financing Activities (10,546) (3,088)

Effect of Exchange Rate Changes on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 35  335

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period 3,121  1,876

Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 11,010  11,488

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at End of Period 14,131  13,364

Less: Restricted cash and restricted cash equivalents at end of period 677  632

Cash and Cash Equivalents at End of Period $ 13,454  $ 12,732

12

THE COCA-COLA COMPANY AND SUBSIDIARIES

Operating Segments and Corporate

(In millions)

Three Months Ended

Net Operating Revenues1

Operating Income (Loss)

October 2, 2026 September 26, 2025 % Fav. / (Unfav.) October 2, 2026 September 26, 2025 % Fav. / (Unfav.)

EMEA $ 3,104  $ 2,996  4  $ 1,171  $ 1,097  7

Latin America 1,958  1,573  25  1,152  897  29

North America 5,386  5,253  3  1,766  1,681  5

Asia Pacific 1,563  1,506  4  563  521  8

Bottling Investments 1,523  1,346  13  205  57  261

Corporate 38  34  8  (392) (271) (45)

Eliminations (192) (253) 24  —  —  —

Consolidated $ 13,380  $ 12,455  7  $ 4,465  $ 3,982  12

Note: Certain growth rates may not recalculate using the rounded dollar amounts provided.

1 During the three months ended October 2, 2026, intersegment revenues were $122 million for EMEA, $2 million for North America, $65 million for Asia Pacific and $3 million for Bottling Investments. During the three months ended September 26, 2025, intersegment revenues were $178 million for EMEA, $1 million for Latin America, $4 million for North America, $68 million for Asia Pacific and $2 million for Bottling Investments.

Nine Months Ended

Net Operating Revenues1

Operating Income (Loss)

October 2, 2026 September 26, 2025 % Fav. / (Unfav.) October 2, 2026 September 26, 2025 % Fav. / (Unfav.)

EMEA $ 9,356  $ 8,829  6  $ 3,739  $ 3,487  7

Latin America 5,475  4,637  18  3,367  2,758  22

North America 15,687  14,643  7  5,067  4,643  9

Asia Pacific 4,652  4,499  3  1,755  1,792  (2)

Bottling Investments 4,690  4,220  11  487  235  108

Corporate 107  99  8  (919) (994) 8

Eliminations (735) (808) 9  —  —  —

Consolidated $ 39,232  $ 36,119  9  $ 13,496  $ 11,921  13

Note: Certain growth rates may not recalculate using the rounded dollar amounts provided.

1 During the nine months ended October 2, 2026, intersegment revenues were $480 million for EMEA, $7 million for North America, $241 million for Asia Pacific and $7 million for Bottling Investments. During the nine months ended September 26, 2025, intersegment revenues were $522 million for EMEA, $1 million for Latin America, $7 million for North America, $272 million for Asia Pacific and $6 million for Bottling Investments.

13

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

The company reports its financial results in accordance with accounting principles generally accepted in the United States (“GAAP” or referred to herein as “reported”). To supplement our consolidated financial statements reported on a GAAP basis, we provide the following non-GAAP financial measures: “comparable net revenues,” “comparable currency neutral net revenues,” “organic revenues,” “comparable operating margin,” “underlying operating margin,” “comparable operating income,” “comparable currency neutral operating income,” “comparable EPS,” “comparable currency neutral EPS,” “comparable currency neutral EPS excluding acquisitions and divestitures,” “underlying effective tax rate” and “free cash flow,” each of which is defined below. Management believes these non-GAAP financial measures provide investors with additional meaningful financial information that should be considered when assessing our underlying business performance and trends. Further, management believes these non-GAAP financial measures also enhance investors’ ability to compare period-to-period financial results. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the company’s reported results prepared in accordance with GAAP. Our non-GAAP financial measures do not represent a comprehensive basis of accounting. Therefore, our non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. Reconciliations of each of these non-GAAP financial measures to GAAP information are also included below. Management uses these non-GAAP financial measures in making financial, operating, compensation and planning decisions and in evaluating the company’s performance. Disclosing these non-GAAP financial measures allows investors and management to view our operating results excluding the impact of items that are not reflective of the underlying operating performance.

DEFINITIONS

•“Currency neutral operating results” are determined by dividing or multiplying, as appropriate, our current period actual U.S. dollar operating results by the current period actual exchange rates (that include the impact of current period currency hedging activities) to derive our current period local currency operating results. We then multiply or divide, as appropriate, the derived current period local currency operating results by the foreign currency exchange rates (that also include the impact of the comparable prior period currency hedging activities) used to translate the company’s financial statements in the comparable prior year period to determine what the current period U.S. dollar operating results would have been if the foreign currency exchange rates had not changed from the comparable prior year period.

•“Acquisitions and divestitures” generally refers to acquisitions and divestitures of brands or businesses, some of which the company considers to be structural changes. The impact of acquisitions and divestitures is the difference between the change in the relevant metric and the change in what that metric would have been if we removed the amount associated with an acquisition or a divestiture from either the current year or the prior year, as applicable. We generally refer to acquisitions and divestitures of bottling operations as “structural changes,” which are a component of acquisitions and divestitures and also include the impact of intercompany transactions between our operating segments, as applicable. Typically, structural changes do not impact the company’s unit case volume on a consolidated basis or at the geographic operating segment level. In May 2025, the company refranchised our bottling operations in certain territories in India. The impact of this refranchising has been included as a structural change in our analysis of net revenues on a consolidated basis as well as for the Bottling Investments and Asia Pacific operating segments for the nine months ended October 2, 2026. Additionally, in October 2025, the company sold our finished product operations in Nigeria. The impact of this sale has been included as a divestiture in our analysis of net revenues on a consolidated basis as well as for the EMEA operating segment for the three and nine months ended October 2, 2026.

•“Comparable net revenues” is a non-GAAP financial measure that excludes or has otherwise been adjusted for items impacting comparability (discussed further below). “Comparable currency neutral net revenues” is a non-GAAP financial measure that excludes or has otherwise been adjusted for items impacting comparability (discussed further below) as well as the impact of fluctuations in foreign currency exchange rates. Management believes the comparable net revenues (non-GAAP) growth measure and the comparable currency neutral net revenues (non-GAAP) growth measure provide investors with useful supplemental information to enhance their understanding of the company’s revenue performance and trends by improving their ability to compare our period-to-period results. “Organic revenues” is a non-GAAP financial measure that excludes or has otherwise been adjusted for the impact of acquisitions and divestitures, as applicable, and the impact of fluctuations in foreign currency exchange rates. Management believes the organic revenue (non-GAAP) growth measure provides users with useful supplemental information regarding the company’s

14

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

ongoing revenue performance and trends by presenting revenue growth excluding the impact of foreign exchange as well as the impact of acquisitions and divestitures.

•“Comparable operating income” is a non-GAAP financial measure that excludes or has otherwise been adjusted for items impacting comparability (discussed further below). “Comparable currency neutral operating income” is a non-GAAP financial measure that excludes or has otherwise been adjusted for items impacting comparability (discussed further below) and the impact of fluctuations in foreign currency exchange rates. “Comparable operating margin” is a non-GAAP financial measure that excludes or has otherwise been adjusted for items impacting comparability (discussed further below). “Underlying operating margin” is a non-GAAP financial measure that excludes or has otherwise been adjusted for items impacting comparability (discussed further below), the impact of fluctuations in foreign currency exchange rates, and the impact of acquisitions and divestitures, as applicable. Management uses these non-GAAP financial measures to evaluate the company’s performance and make resource allocation decisions. Further, management believes the comparable operating income (non-GAAP) growth measure, comparable currency neutral operating income (non-GAAP) growth measure, comparable operating margin (non-GAAP) measure and underlying operating margin (non-GAAP) measure enhance its ability to communicate the underlying operating results and provide investors with useful supplemental information to enhance their understanding of the company’s underlying business performance and trends by improving their ability to compare our period-to-period financial results.

•“Comparable EPS,” “comparable currency neutral EPS” and “comparable currency neutral EPS excluding acquisitions and divestitures” are non-GAAP financial measures that exclude or have otherwise been adjusted for items impacting comparability (discussed further below). Comparable currency neutral EPS (non-GAAP) has been adjusted for the impact of fluctuations in foreign currency exchange rates, and comparable currency neutral EPS excluding acquisitions and divestitures (non-GAAP) has been adjusted for the impact of fluctuations in foreign currency exchange rates and the impact of acquisitions and divestitures, as applicable. Management uses these non-GAAP financial measures to evaluate the company’s performance and make resource allocation decisions. Further, management believes the comparable EPS (non-GAAP), comparable currency neutral EPS (non-GAAP) and comparable currency neutral EPS excluding acquisitions and divestitures (non-GAAP) growth measures enhance its ability to communicate the underlying operating results and provide investors with useful supplemental information to enhance their understanding of the company’s underlying business performance and trends by improving their ability to compare our period-to-period financial results.

•“Underlying effective tax rate” is a non-GAAP financial measure that represents the estimated annual effective income tax rate on income before income taxes, which excludes or has otherwise been adjusted for items impacting comparability (discussed further below).

•“Free cash flow” is a non-GAAP financial measure that represents net cash provided by operating activities less purchases of property, plant and equipment. Management uses this non-GAAP financial measure to evaluate the company’s performance and make resource allocation decisions.

ITEMS IMPACTING COMPARABILITY

The following information is provided to give qualitative and quantitative information related to items impacting comparability. Items impacting comparability are not defined terms within GAAP. Therefore, our non-GAAP financial information may not be comparable to similarly titled measures reported by other companies. We determine which items to consider as “items impacting comparability” based on how management views our business; makes financial, operating, compensation and planning decisions; and evaluates the company’s ongoing performance. Items such as charges, gains and accounting changes which are viewed by management as impacting only the current period or the comparable period, but not both, or as pertaining to different and unrelated underlying activities or events across comparable periods, are generally considered “items impacting comparability.” Items impacting comparability include, but are not limited to, asset impairments, transaction gains/losses including associated costs, and charges related to restructuring initiatives, in each case when exceeding a U.S. dollar threshold. Also included are our proportionate share of similar items incurred by our equity method investees, timing differences related to our economic (non-designated) hedging activities, and timing differences related to unrealized mark-to-market adjustments of equity securities and trading debt securities, regardless of size. In addition, we provide the impact that fluctuations in foreign currency exchange rates had on our financial results (“currency neutral operating results” defined above).

15

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

Asset Impairments

During the nine months ended September 26, 2025, the company recorded an other-than-temporary impairment charge of $40 million related to an equity method investee in Latin America, which was primarily driven by revised projections of future operating results. The company also recorded a charge of $31 million related to the impairment of a trademark in Latin America, which was primarily driven by revised projections of future operating results and changes in macroeconomic conditions. Additionally, the company recorded an other-than-temporary impairment charge of $25 million in Latin America, primarily driven by the restructuring of a joint venture.

Equity Investees

During the three and nine months ended October 2, 2026, the company recorded net charges of $8 million and $30 million, respectively. During the three and nine months ended September 26, 2025, the company recorded a net gain of $7 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.

Transaction Gains/Losses

During the three and nine months ended October 2, 2026, the company recorded reductions in the previously recorded impairment charge of $5 million and $61 million, respectively, related to our bottling operations in Africa, which are held for sale. These reductions are based on management's revised estimates.

During the three and nine months ended September 26, 2025, the company recorded a charge of $393 million related to certain operations held for sale in Nigeria and charges of $8 million and $36 million, respectively, related to the refranchising of certain bottling operations in Ghana.

During the nine months ended September 26, 2025, the company recorded a gain of $331 million related to the sale of a portion of our ownership interest in Coca-Cola Europacific Partners plc, an equity method investee. The company also recognized a gain of $102 million and incurred $7 million of transaction costs related to the refranchising of our bottling operations in certain territories in India. Additionally, the company recorded a charge of $47 million related to the remeasurement of our contingent consideration liability to fair value in conjunction with our acquisition of fairlife. In March 2025, the company made the remaining milestone payment for fairlife.

Restructuring

During the three and nine months ended September 26, 2025, the company recorded charges of $24 million and $63 million, respectively. The costs incurred were primarily related to certain initiatives designed to further simplify and standardize our organization as part of our productivity and reinvestment program.

Other Items

Economic (Non-Designated) Hedges

The company uses derivatives as economic hedges primarily to mitigate the foreign exchange risk for certain currencies, certain interest rate risk, and the price risk associated with the purchase of materials used in our manufacturing processes as well as the purchase of vehicle fuel. Although these derivatives were not designated and/or did not qualify for hedge accounting, they are effective economic hedges. The changes in fair values of these economic hedges are immediately recognized in earnings.

The company excludes the net impact of mark-to-market adjustments for outstanding hedges and realized gains/losses for settled hedges from our non-GAAP financial information until the period in which the underlying exposure being hedged impacts our consolidated statement of income. Management believes this adjustment provides meaningful information related to the impact of our economic hedging activities. During the three and nine months ended October 2, 2026, the net impact of the company’s adjustment related to our economic hedging activities resulted in decreases of $83 million and $113 million, respectively, to our non-GAAP income before income taxes.

During the three and nine months ended September 26, 2025, the net impact of the company’s adjustment related to our economic hedging activities resulted in decreases of $88 million and $17 million, respectively, to our non-GAAP income before income taxes.

16

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

Unrealized Gains and Losses on Equity and Trading Debt Securities

The company excludes the net impact of unrealized gains and losses resulting from mark-to-market adjustments on our equity and trading debt securities from our non-GAAP financial information until the period in which the underlying securities are sold and the associated gains or losses are realized, unless individually significant. Management believes this adjustment provides meaningful information related to the impact of our investments in equity and trading debt securities. During the three and nine months ended October 2, 2026, the net impact of the company’s adjustment related to unrealized gains and losses on our equity and trading debt securities resulted in decreases of $10 million and $171 million, respectively, to our non-GAAP income before income taxes.

During the three and nine months ended September 26, 2025, the net impact of the company’s adjustment related to unrealized gains and losses on our equity and trading debt securities resulted in decreases of $96 million and $183 million, respectively, to our non-GAAP income before income taxes.

Other

During the three and nine months ended October 2, 2026, the company recorded $192 million of settlement charges and special termination benefits related to a non-U.S. pension plan. Additionally, the company recorded charges of $6 million and $16 million, respectively, related to North America modernization initiatives and charges of $4 million and $11 million, respectively, for the amortization of noncompete agreements related to the BODYARMOR acquisition in 2021.

During the nine months ended October 2, 2026, the company recorded a charge of $19 million related to an indemnification agreement entered into as a part of the refranchising of certain bottling operations. The company also recorded a net charge of $8 million related to tax litigation expense.

During the three and nine months ended September 26, 2025, the company recorded charges of $27 million and $35 million, respectively, related to an indemnification agreement entered into as a part of the refranchising of certain bottling operations. Additionally, the company recorded charges of $4 million and $11 million, respectively, for the amortization of noncompete agreements related to the BODYARMOR acquisition. The company also recorded net charges of $3 million and $8 million, respectively, related to tax litigation expense.

During the nine months ended September 26, 2025, the company recorded a charge of $36 million related to non-U.S. pension curtailment and special termination benefits. The company also recorded a charge of $2 million related to restructuring our manufacturing operations in the United States.

Certain Tax Matters

During the three and nine months ended October 2, 2026, the company recorded net income tax benefits of $117 million and $298 million, respectively, primarily associated with return to provision adjustments and $9 million and $52 million, respectively, of excess tax benefits associated with the company’s stock‑based compensation arrangements. Additionally, the company recorded net income tax benefits of $57 million and $155 million, respectively, related to the interest earned on the company’s IRS tax litigation deposit that was paid in 2024. The company also recorded net income tax expense of $11 million and $14 million, respectively, for changes to the company’s uncertain tax positions, including interest and penalties, as well as for various discrete tax items.

During the three and nine months ended September 26, 2025, the company recorded net income tax benefits of $36 million and $1 million, respectively, primarily associated with return to provision adjustments and net income tax benefits of $351 million and $409 million, respectively, for changes to our uncertain tax positions, including interest and penalties, as well as for various discrete tax items. Additionally, the company recorded net income tax benefits of $55 million and $162 million, respectively, related to the interest earned on the company’s IRS tax litigation deposit. During the nine months ended September 26, 2025, the company recorded $25 million of excess tax benefits associated with the company’s stock-based compensation arrangements.

17

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

(In millions except per share data)

Three Months Ended October 2, 2026

Net operating revenues Cost of goods sold Gross profit Gross margin Selling, general and administrative expenses Other operating charges Operating income Operating margin

Reported (GAAP) $ 13,380  $ 4,930  $ 8,450  63.2 % $ 3,975  $ 10  $ 4,465  33.4 %

Items Impacting Comparability:

Asset Impairments —  —  —  —  —  —

Equity Investees —  —  —  —  —  —

Transaction Gains/Losses —  —  —  —  —  —

Restructuring —  —  —  —  —  —

Other Items (26) 52  (78) —  (10) (68)

Certain Tax Matters —  —  —  —  —  —

Comparable (Non-GAAP) $ 13,354  $ 4,982  $ 8,372  62.7 % $ 3,975  $ —  $ 4,397  32.9 %

Three Months Ended September 26, 2025

Net operating revenues Cost of goods sold Gross profit Gross margin Selling, general and administrative expenses Other operating charges Operating income Operating margin

Reported (GAAP) $ 12,455  $ 4,797  $ 7,658  61.5 % $ 3,618  $ 58  $ 3,982  32.0 %

Items Impacting Comparability:

Asset Impairments —  —  —  —  —  —

Equity Investees —  —  —  —  —  —

Transaction Gains/Losses —  —  —  —  —  —

Restructuring —  —  —  —  (24) 24

Other Items (43) 40  (83) —  (34) (49)

Certain Tax Matters —  —  —  —  —  —

Comparable (Non-GAAP) $ 12,412  $ 4,837  $ 7,575  61.0 % $ 3,618  $ —  $ 3,957  31.9 %

Net operating revenues Cost of goods sold Gross profit Selling, general and administrative expenses Other operating charges Operating income

% Change — Reported (GAAP) 7 3 10 10 (83) 12

% Currency Impact 1 0 1 0 — 3

% Change — Currency Neutral (Non-GAAP) 7 3 9 9 — 10

% Change — Comparable (Non-GAAP) 8 3 11 10 — 11

% Comparable Currency Impact (Non-GAAP) 1 0 2 0 — 3

% Change — Comparable Currency Neutral (Non-GAAP) 7 3 9 9 — 8

Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.

18

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

(In millions except per share data)

Three Months Ended October 2, 2026

Interest expense Equity income (loss) — net Other income (loss) — net Income before income taxes

Income taxes1

Effective tax rate

Net income3

Diluted net income per share

Reported (GAAP) $ 354  $ 653  $ (155) $ 4,833  $ 777  16.1 % $ 4,009  $ 0.93

Items Impacting Comparability:

Asset Impairments —  —  —  —  —  —  —

Equity Investees —  8  —  8  —  8  —

Transaction Gains/Losses —  —  (5) (5) —  (5) —

Restructuring —  —  —  —  —  —  —

Other Items 5  —  182  109  5  104  0.02

Certain Tax Matters —  —  —  —  172  (172) (0.04)

Comparable (Non-GAAP) $ 359  $ 661  $ 22  $ 4,945  $ 954  19.3 %

2

$ 3,944  $ 0.91

Three Months Ended September 26, 2025

Interest expense Equity income (loss) — net Other income (loss) — net Income before income taxes

Income taxes1

Effective tax rate

Net income3

Diluted net income per share

Reported (GAAP) $ 391  $ 644  $ (237) $ 4,183  $ 500  11.9 % $ 3,696  $ 0.86

Items Impacting Comparability:

Asset Impairments —  —  —  —  —  —  —

Equity Investees —  (7) —  (7) —  (7) —

Transaction Gains/Losses —  —  401  401  —  394  0.09

Restructuring —  —  —  24  6  18  —

Other Items 6  —  (95) (150) (35) (115) (0.03)

Certain Tax Matters —  —  —  —  442  (442) (0.10)

Comparable (Non-GAAP) $ 397  $ 637  $ 69  $ 4,451  $ 913  20.5 % $ 3,544  $ 0.82

Interest expense Equity income (loss) — net Other income (loss) — net Income before income taxes

Income taxes1

Net income3

Diluted net income per share

% Change — Reported (GAAP) (9) 1 35 16 56 8 8

% Change — Comparable (Non-GAAP) (9) 4 (67) 11 5 11 11

Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.

1 The income tax adjustments are the calculated income tax benefits (charges) at the applicable tax rate for each of the items impacting comparability with the exception of certain tax matters discussed above.

2 This does not include the impact of the ongoing tax litigation with the U.S. Internal Revenue Service, if the company were not to prevail.

3 This represents net income attributable to shareowners of The Coca-Cola Company.

19

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

(In millions except per share data)

Nine Months Ended October 2, 2026

Net operating revenues Cost of goods sold Gross profit Gross margin Selling, general and administrative expenses Other operating charges Operating income Operating margin

Reported (GAAP) $ 39,232  $ 14,515  $ 24,717  63.0 % $ 11,167  $ 54  $ 13,496  34.4 %

Items Impacting Comparability:

Asset Impairments —  —  —  —  —  —

Equity Investees —  —  —  —  —  —

Transaction Gains/Losses —  —  —  —  —  —

Restructuring —  —  —  —  —  —

Other Items (34) 61  (95) —  (54) (41)

Certain Tax Matters —  —  —  —  —  —

Comparable (Non-GAAP) $ 39,198  $ 14,576  $ 24,622  62.8 % $ 11,167  $ —  $ 13,455  34.3 %

Nine Months Ended September 26, 2025

Net operating revenues Cost of goods sold Gross profit Gross margin Selling, general and administrative expenses Other operating charges Operating income Operating margin

Reported (GAAP) $ 36,119  $ 13,674  $ 22,445  62.1 % $ 10,322  $ 202  $ 11,921  33.0 %

Items Impacting Comparability:

Asset Impairments —  —  —  —  (31) 31

Equity Investees —  —  —  —  —  —

Transaction Gains/Losses —  —  —  —  (54) 54

Restructuring —  —  —  —  (63) 63

Other Items 126  124  2  —  (54) 56

Certain Tax Matters —  —  —  —  —  —

Comparable (Non-GAAP) $ 36,245  $ 13,798  $ 22,447  61.9 % $ 10,322  $ —  $ 12,125  33.5 %

Net operating revenues Cost of goods sold Gross profit Selling, general and administrative expenses Other operating charges Operating income

% Change — Reported (GAAP) 9 6 10 8 (74) 13

% Currency Impact 2 0 3 2 — 4

% Change — Currency Neutral (Non-GAAP) 7 6 7 7 — 10

% Change — Comparable (Non-GAAP) 8 6 10 8 — 11

% Comparable Currency Impact (Non-GAAP) 1 0 2 2 — 2

% Change — Comparable Currency Neutral (Non-GAAP) 7 5 8 6 — 9

Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.

20

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

(In millions except per share data)

Nine Months Ended October 2, 2026

Interest expense Equity income (loss) — net Other income (loss) — net Income before income taxes

Income taxes1

Effective tax rate

Net income3

Diluted net income per share

Reported (GAAP) $ 1,098  $ 1,641  $ 236  $ 14,919  $ 2,459  16.5 % $ 12,358  $ 2.86

Items Impacting Comparability:

Asset Impairments —  —  —  —  —  —  —

Equity Investees —  30  —  30  2  28  0.01

Transaction Gains/Losses —  —  (61) (61) —  (61) (0.01)

Restructuring —  —  —  —  —  —  —

Other Items 18  —  21  (38) (27) (11) —

Certain Tax Matters —  —  —  —  491  (491) (0.11)

Comparable (Non-GAAP) $ 1,116  $ 1,671  $ 196  $ 14,850  $ 2,925  19.7 %

2

$ 11,823  $ 2.74

Nine Months Ended September 26, 2025

Interest expense Equity income (loss) — net Other income (loss) — net Income before income taxes

Income taxes1

Effective tax rate

Net income3

Diluted net income per share

Reported (GAAP) $ 1,223  $ 1,556  $ 229  $ 13,036  $ 2,215  17.0 % $ 10,836  $ 2.51

Items Impacting Comparability:

Asset Impairments —  —  65  96  8  88  0.02

Equity Investees —  21  —  21  2  19  —

Transaction Gains/Losses —  —  (4) 50  (92) 135  0.03

Restructuring —  —  —  63  16  47  0.01

Other Items 18  —  (146) (108) (22) (86) (0.02)

Certain Tax Matters —  —  —  —  597  (597) (0.14)

Comparable (Non-GAAP) $ 1,241  $ 1,577  $ 144  $ 13,158  $ 2,724  20.7 % $ 10,442  $ 2.42

Interest expense Equity income (loss) — net Other income (loss) — net Income before income taxes

Income taxes1

Net income3

Diluted net income per share

% Change — Reported (GAAP) (10) 5 3 14 11 14 14

% Change — Comparable (Non-GAAP) (10) 6 37 13 7 13 13

Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.

1 The income tax adjustments are the calculated income tax benefits (charges) at the applicable tax rate for each of the items impacting comparability with the exception of certain tax matters discussed above.

2 This does not include the impact of the ongoing tax litigation with the U.S. Internal Revenue Service, if the company were not to prevail.

3 This represents net income attributable to shareowners of The Coca-Cola Company.

21

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

Diluted Net Income Per Share:

Three Months Ended October 2, 2026

% Change — Reported (GAAP) 8

% Currency Impact 2

% Change — Currency Neutral (Non-GAAP) 7

% Impact of Items Impacting Comparability (Non-GAAP) (3)

% Change — Comparable (Non-GAAP) 11

% Comparable Currency Impact (Non-GAAP) 2

% Change — Comparable Currency Neutral (Non-GAAP) 9

Nine Months Ended October 2, 2026

% Change — Reported (GAAP) 14

% Currency Impact 4

% Change — Currency Neutral (Non-GAAP) 10

% Impact of Items Impacting Comparability (Non-GAAP) 1

% Change — Comparable (Non-GAAP) 13

% Comparable Currency Impact (Non-GAAP) 2

% Change — Comparable Currency Neutral (Non-GAAP) 11

Note: Certain columns may not add due to rounding.

22

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

(In millions)

Net Operating Revenues by Operating Segment and Corporate:

Three Months Ended October 2, 2026

EMEA Latin America North America Asia Pacific Bottling Investments Corporate Eliminations Consolidated

Reported (GAAP) $ 3,104  $ 1,958  $ 5,386  $ 1,563  $ 1,523  $ 38  $ (192) $ 13,380

Items Impacting Comparability:

Other Items (11) (20) —  5  —  —  —  (26)

Comparable (Non-GAAP) $ 3,093  $ 1,938  $ 5,386  $ 1,568  $ 1,523  $ 38  $ (192) $ 13,354

Three Months Ended September 26, 2025

EMEA Latin America North America Asia Pacific Bottling Investments Corporate Eliminations Consolidated

Reported (GAAP) $ 2,996  $ 1,573  $ 5,253  $ 1,506  $ 1,346  $ 34  $ (253) $ 12,455

Items Impacting Comparability:

Other Items (12) (10) (4) (17) —  —  —  (43)

Comparable (Non-GAAP) $ 2,984  $ 1,563  $ 5,249  $ 1,489  $ 1,346  $ 34  $ (253) $ 12,412

EMEA Latin America North America Asia Pacific Bottling Investments Corporate Eliminations Consolidated

% Change — Reported (GAAP) 4 25 3 4 13 8 24 7

% Currency Impact 0 9 0 (3) 1 0 — 1

% Change — Currency Neutral (Non-GAAP) 4 16 3 6 12 8 — 7

% Acquisitions and Divestitures (3) 0 0 0 0 0 — (1)

% Change — Organic Revenues (Non-GAAP) 7 16 3 6 12 8 — 7

% Change — Comparable (Non-GAAP) 4 24 3 5 13 8 — 8

% Comparable Currency Impact (Non-GAAP) 0 8 0 (1) 1 0 — 1

% Change — Comparable Currency Neutral (Non-GAAP) 4 16 3 6 12 8 — 7

Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.

23

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

(In millions)

Net Operating Revenues by Operating Segment and Corporate:

Nine Months Ended October 2, 2026

EMEA Latin America North America Asia Pacific Bottling Investments Corporate Eliminations Consolidated

Reported (GAAP) $ 9,356  $ 5,475  $ 15,687  $ 4,652  $ 4,690  $ 107  $ (735) $ 39,232

Items Impacting Comparability:

Other Items (16) (18) (7) 7  —  —  —  (34)

Comparable (Non-GAAP) $ 9,340  $ 5,457  $ 15,680  $ 4,659  $ 4,690  $ 107  $ (735) $ 39,198

Nine Months Ended September 26, 2025

EMEA Latin America North America Asia Pacific Bottling Investments Corporate Eliminations Consolidated

Reported (GAAP) $ 8,829  $ 4,637  $ 14,643  $ 4,499  $ 4,220  $ 99  $ (808) $ 36,119

Items Impacting Comparability:

Other Items 34  62  10  20  —  —  —  126

Comparable (Non-GAAP) $ 8,863  $ 4,699  $ 14,653  $ 4,519  $ 4,220  $ 99  $ (808) $ 36,245

EMEA Latin America North America Asia Pacific Bottling Investments Corporate Eliminations Consolidated

% Change — Reported (GAAP) 6 18 7 3 11 8 9 9

% Currency Impact 3 8 0 (1) 2 0 — 2

% Change — Currency Neutral (Non-GAAP) 3 10 7 4 9 8 — 7

% Acquisitions and Divestitures (3) 0 0 0 (1) 0 — (1)

% Change — Organic Revenues (Non-GAAP) 6 10 7 4 11 8 — 8

% Change — Comparable (Non-GAAP) 5 16 7 3 11 8 — 8

% Comparable Currency Impact (Non-GAAP) 2 7 0 (1) 2 0 — 1

% Change — Comparable Currency Neutral (Non-GAAP) 3 10 7 4 9 8 — 7

Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.

24

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

(In millions)

Operating Income (Loss) by Operating Segment and Corporate:

Three Months Ended October 2, 2026

EMEA Latin America North America Asia Pacific Bottling Investments Corporate Consolidated

Reported (GAAP) $ 1,171  $ 1,152  $ 1,766  $ 563  $ 205  $ (392) $ 4,465

Items Impacting Comparability:

Asset Impairments —  —  —  —  —  —  —

Transaction Gains/Losses —  —  —  —  —  —  —

Restructuring —  —  —  —  —  —  —

Other Items (14) (20) (39) 5  (4) 4  (68)

Comparable (Non-GAAP) $ 1,157  $ 1,132  $ 1,727  $ 568  $ 201  $ (388) $ 4,397

Three Months Ended September 26, 2025

EMEA Latin America North America Asia Pacific Bottling Investments Corporate Consolidated

Reported (GAAP) $ 1,097  $ 897  $ 1,681  $ 521  $ 57  $ (271) $ 3,982

Items Impacting Comparability:

Asset Impairments —  —  —  —  —  —  —

Transaction Gains/Losses —  —  —  —  —  —  —

Restructuring —  —  —  —  —  24  24

Other Items (16) (10) (41) (17) 1  34  (49)

Comparable (Non-GAAP) $ 1,081  $ 887  $ 1,640  $ 504  $ 58  $ (213) $ 3,957

EMEA Latin America North America Asia Pacific Bottling Investments Corporate Consolidated

% Change — Reported (GAAP) 7 29 5 8 261 (45) 12

% Currency Impact 0 14 0 (6) (2) 1 3

% Change — Currency Neutral (Non-GAAP) 6 14 5 13 263 (45) 10

% Impact of Items Impacting Comparability (Non-GAAP) 0 1 0 (5) 11 38 1

% Change — Comparable (Non-GAAP) 7 28 5 12 250 (82) 11

% Comparable Currency Impact (Non-GAAP) 0 13 0 (1) (2) 1 3

% Change — Comparable Currency Neutral (Non-GAAP) 7 14 5 14 252 (83) 8

Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.

25

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

(In millions)

Operating Income (Loss) by Operating Segment and Corporate:

Nine Months Ended October 2, 2026

EMEA Latin America North America Asia Pacific Bottling Investments Corporate Consolidated

Reported (GAAP) $ 3,739  $ 3,367  $ 5,067  $ 1,755  $ 487  $ (919) $ 13,496

Items Impacting Comparability:

Asset Impairments —  —  —  —  —  —  —

Transaction Gains/Losses —  —  —  —  —  —  —

Restructuring —  —  —  —  —  —  —

Other Items (21) (18) (40) 7  (7) 38  (41)

Comparable (Non-GAAP) $ 3,718  $ 3,349  $ 5,027  $ 1,762  $ 480  $ (881) $ 13,455

Nine Months Ended September 26, 2025

EMEA Latin America North America Asia Pacific Bottling Investments Corporate Consolidated

Reported (GAAP) $ 3,487  $ 2,758  $ 4,643  $ 1,792  $ 235  $ (994) $ 11,921

Items Impacting Comparability:

Asset Impairments —  31  —  —  —  —  31

Transaction Gains/Losses —  —  —  —  —  54  54

Restructuring —  —  —  —  —  63  63

Other Items 36  62  (115) 20  (1) 54  56

Comparable (Non-GAAP) $ 3,523  $ 2,851  $ 4,528  $ 1,812  $ 234  $ (823) $ 12,125

EMEA Latin America North America Asia Pacific Bottling Investments Corporate Consolidated

% Change — Reported (GAAP) 7 22 9 (2) 108 8 13

% Currency Impact 3 12 0 0 (1) (1) 4

% Change — Currency Neutral (Non-GAAP) 4 11 9 (2) 109 9 10

% Impact of Items Impacting Comparability (Non-GAAP) 2 5 (2) 1 2 15 2

% Change — Comparable (Non-GAAP) 6 17 11 (3) 106 (7) 11

% Comparable Currency Impact (Non-GAAP) 2 8 0 (1) (1) (1) 2

% Change — Comparable Currency Neutral (Non-GAAP) 4 9 11 (2) 107 (6) 9

Note: Certain columns may not add due to rounding. Certain growth rates may not recalculate using the rounded dollar amounts provided.

26

THE COCA-COLA COMPANY AND SUBSIDIARIES

Reconciliation of GAAP and Non-GAAP Financial Measures

Operating Margin:

Three Months Ended October 2, 2026 Three Months Ended September 26, 2025 Basis Point Growth (Decline)

Reported Operating Margin (GAAP) 33.37  % 31.97  % 140

Items Impacting Comparability (Non-GAAP) 0.44  % 0.10  %

Comparable Operating Margin (Non-GAAP) 32.93  % 31.87  % 106

Comparable Currency Impact (Non-GAAP) 0.60  % 0.00  %

Comparable Currency Neutral Operating Margin (Non-GAAP) 32.33  % 31.87  % 46

Impact of Acquisitions and Divestitures on Comparable Currency Neutral Operating Margin (Non-GAAP) 0.00  % (0.25) %

Underlying Operating Margin (Non-GAAP) 32.33  % 32.12  % 21

Nine Months Ended October 2, 2026 Nine Months Ended September 26, 2025 Basis Point Growth (Decline)

Reported Operating Margin (GAAP) 34.40  % 33.01  % 139

Items Impacting Comparability (Non-GAAP) 0.07  % (0.44) %

Comparable Operating Margin (Non-GAAP) 34.33  % 33.45  % 88

Comparable Currency Impact (Non-GAAP) 0.28  % 0.00  %

Comparable Currency Neutral Operating Margin (Non-GAAP) 34.05  % 33.45  % 60

Impact of Acquisitions and Divestitures on Comparable Currency Neutral Operating Margin (Non-GAAP) 0.00  % (0.23) %

Underlying Operating Margin (Non-GAAP) 34.05  % 33.68  % 37

Free Cash Flow (In millions):

Nine Months Ended October 2, 2026

Net Cash Provided by (Used in) Operating Activities (GAAP) $ 12,471

Purchases of Property, Plant and Equipment (GAAP) (1,063)

Free Cash Flow (Non-GAAP) $ 11,408

Projected 2026 Free Cash Flow (In billions):

Year Ending December 31, 2026

Projected GAAP Net Cash Provided by Operating Activities $ 15.2

Projected GAAP Purchases of Property, Plant and Equipment (2.2)

Projected Free Cash Flow (Non-GAAP) $ 13.0

27

About The Coca-Cola Company

The Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company’s purpose is to refresh the world and make a difference. We sell multiple billion-dollar brands across several beverage categories worldwide. Our portfolio of sparkling soft drink brands includes

Coca-Cola, Sprite and Fanta. Our water, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Fuze Tea, Gold Peak and Ayataka. Our juice, value-added dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and Santa Clara. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people’s lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at www.coca-colacompany.com and follow us on Instagram, Facebook and LinkedIn.

The information contained on, or that may be accessed through, our website or social media channels is not incorporated by reference into, and is not a part of, this document.

28

Forward-Looking Statements

This press release may contain statements, estimates or projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. Generally, the words “believe,” “opportunity,” “ahead,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause The Coca-Cola Company’s actual results to differ materially from its historical experience and our present expectations or projections. These risks include, but are not limited to, unfavorable economic and geopolitical conditions, including the direct or indirect negative impacts of geopolitical conflicts; increased competition; an inability to be successful in our innovation activities; changes in the retail landscape or the loss of key customers; an inability to expand our business in emerging and developing markets; an inability to successfully manage the potential negative consequences of our productivity initiatives; an inability to attract, retain and inspire outstanding talent; disruption of our supply chain, including increased commodity, raw material, packaging, energy, transportation and other input costs; an inability to successfully integrate and manage our acquired businesses, brands or bottling operations or an inability to realize a significant portion of the anticipated benefits of our joint ventures or strategic relationships; failure by our third-party service providers and business partners to satisfactorily fulfill their commitments and responsibilities, or such third parties experience adverse events; an inability to renew collective bargaining agreements on satisfactory terms, or we or our bottling partners experience strikes, work stoppages, labor shortages or labor unrest; obesity and other health-related concerns; evolving consumer product and shopping preferences; product safety and quality concerns; perceived negative health consequences of processing and of certain ingredients, such as nutritive and non-nutritive sweeteners, color additives and biotechnology-derived substances, and of other substances present in our beverage products or packaging materials; failure to digitalize the Coca-Cola system; damage to our brand image, corporate reputation and social license to operate from negative publicity, whether or not warranted, concerning product safety or quality, workplace and human rights, obesity or other issues; an inability to successfully manage new product launches; an inability to maintain good relationships with our bottling partners; deterioration in our bottling partners’ financial condition; an inability to successfully manage our refranchising activities or divestitures of certain brands or businesses; increases in income tax rates, changes in income tax laws or the unfavorable resolution of tax matters, including the outcome of our ongoing tax dispute or any related disputes with the U.S. Internal Revenue Service (“IRS”); the possibility that the assumptions used to calculate our estimated aggregate incremental tax and interest liability related to the potential unfavorable outcome of the ongoing tax dispute with the IRS could significantly change; increased or new indirect taxes; changes in laws and regulations relating to beverage containers and packaging; significant additional labeling or warning requirements or limitations on the marketing or sale of our products; litigation claims or legal proceedings; conducting business in markets with high-risk legal compliance environments; failure to adequately protect, or disputes relating to, trademarks, formulas and other intellectual property rights; changes in, or failure to comply with, the laws and regulations applicable to our products or our business operations; fluctuations in foreign currency exchange rates; interest rate increases; an inability to achieve our overall long-term growth objectives; default by or failure of one or more of our counterparty financial institutions; impairment charges; an inability to protect our information systems against service interruption, misappropriation of data or cybersecurity incidents; failure to comply with privacy and data protection laws; evolving sustainability regulatory requirements and expectations; increasing concerns about the environmental impact of plastic bottles and other packaging materials; water scarcity and poor quality; increased demand for food products, decreased agricultural productivity and increased regulation of ingredient sourcing due diligence; climate change and legal or regulatory responses thereto; adverse weather conditions; and other risks discussed in our filings with the Securities and Exchange Commission (“SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2025 and subsequently filed Quarterly Reports on Form 10-Q, which are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to publicly update or revise any forward-looking statements.

29

GRAPHIC — IMAGE

GRAPHIC

Filename: ko-20261027_g1.jpg · Sequence: 7

Binary file (235131 bytes)

Download ko-20261027_g1.jpg

GRAPHIC — IMAGE

GRAPHIC

Filename: releaselogo.jpg · Sequence: 8

Binary file (212205 bytes)

Download releaselogo.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 10

v3.26.3

Cover Page Document

Oct. 27, 2026

Document Information [Line Items]

Document Type

8-K

Document Period End Date

Oct. 27, 2026

Entity Registrant Name

COCA COLA CO

Entity Incorporation, State or Country Code

DE

Entity File Number

001-02217

Entity Tax Identification Number

58-0628465

Entity Address, Address Line One

One Coca-Cola Plaza

Entity Address, City or Town

Atlanta,

Entity Address, State or Province

GA

Entity Address, Postal Zip Code

30313

City Area Code

404

Local Phone Number

676-2121

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Entity Central Index Key

0000021344

Amendment Flag

false

Common Stock, $0.25 Par Value [Member]

Document Information [Line Items]

Title of 12(b) Security

Common Stock, $0.25 Par Value

Trading Symbol

KO

Security Exchange Name

NYSE

1.125% Notes Due 2027 [Member]

Document Information [Line Items]

Title of 12(b) Security

1.125% Notes Due 2027

Trading Symbol

KO27

Security Exchange Name

NYSE

.125% Notes Due 2029 KO29A

Document Information [Line Items]

Title of 12(b) Security

0.125% Notes Due 2029

Trading Symbol

KO29A

Security Exchange Name

NYSE

.125% Notes Due 2029 KO29B

Document Information [Line Items]

Title of 12(b) Security

0.125% Notes Due 2029

Trading Symbol

KO29B

Security Exchange Name

NYSE

0.400% Notes Due 2030

Document Information [Line Items]

Title of 12(b) Security

0.400% Notes Due 2030

Trading Symbol

KO30B

Security Exchange Name

NYSE

1.250% Notes Due 2031 [Member]

Document Information [Line Items]

Title of 12(b) Security

1.250% Notes Due 2031

Trading Symbol

KO31

Security Exchange Name

NYSE

3.125% Notes Due 2032

Document Information [Line Items]

Title of 12(b) Security

3.125% Notes Due 2032

Trading Symbol

KO32

Security Exchange Name

NYSE

.375% Notes Due 2033 [Member]

Document Information [Line Items]

Title of 12(b) Security

0.375% Notes Due 2033

Trading Symbol

KO33

Security Exchange Name

NYSE

.500% Notes Due 2033

Document Information [Line Items]

Title of 12(b) Security

0.500% Notes Due 2033

Trading Symbol

KO33A

Security Exchange Name

NYSE

1.625% Notes Due 2035 [Member]

Document Information [Line Items]

Title of 12(b) Security

1.625% Notes Due 2035

Trading Symbol

KO35

Security Exchange Name

NYSE

1.100% Notes Due 2036 [Member]

Document Information [Line Items]

Title of 12(b) Security

1.100% Notes Due 2036

Trading Symbol

KO36

Security Exchange Name

NYSE

0.950% Notes Due 2036

Document Information [Line Items]

Title of 12(b) Security

0.950% Notes Due 2036

Trading Symbol

KO36A

Security Exchange Name

NYSE

3.375% Notes Due 2037

Document Information [Line Items]

Title of 12(b) Security

3.375% Notes Due 2037

Trading Symbol

KO37

Security Exchange Name

NYSE

.800% Notes Due 2040 [Member]

Document Information [Line Items]

Title of 12(b) Security

0.800% Notes Due 2040

Trading Symbol

KO40B

Security Exchange Name

NYSE

1.000% Notes Due 2041

Document Information [Line Items]

Title of 12(b) Security

1.000% Notes Due 2041

Trading Symbol

KO41

Security Exchange Name

NYSE

3.500% Notes Due 2044

Document Information [Line Items]

Title of 12(b) Security

3.500% Notes Due 2044

Trading Symbol

KO44

Security Exchange Name

NYSE

3.750% Notes Due 2053

Document Information [Line Items]

Title of 12(b) Security

3.750% Notes Due 2053

Trading Symbol

KO53

Security Exchange Name

NYSE

X

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_DocumentInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

na

Period Type:

duration

X

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_CommonStock0.25ParValueMember

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A1.125NotesDue2027Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A125NotesDue2029KO29AMember

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A125NotesDue2029KO29BMember

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A0400NotesDue2030Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A1.250NotesDue2031Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A3.125NotesDue2032Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A375NotesDue2033Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A500NotesDue2033Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A1.625NotesDue2035Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A1.100NotesDue2036Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A0950NotesDue2036Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A3.375NotesDue2037Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A800NotesDue2040Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A1000NotesDue2041Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A3.500NotesDue2044Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type:

X

- Details

Name:

us-gaap_StatementClassOfStockAxis=ko_A3.750NotesDue2053Member

Namespace Prefix:

Data Type:

na

Balance Type:

Period Type: