Coca Cola 2008 Annual Report Download - page 142

THE COCA-COLA COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 21: OPERATING SEGMENTS (Continued)
3Equity income (loss)—net and income (loss) before income taxes was reduced by approximately $19 million for Europe, $8 million for North America
and $1,659 million for Bottling Investments, primarily attributable to our proportionate share of asset impairment charges recorded by equity method
investees. Refer to Note 3 and Note 19.
4Income (loss) before income taxes was reduced by approximately $2 million for North America, $30 million for Bottling Investments and $52 million for
Corporate, primarily due to other-than-temporary impairments of available-for-sale securities. Refer to Note 10 and Note 19.
5Income (loss) before income taxes was increased by approximately $119 million for Bottling Investments and Corporate, primarily due to the gain on
the sale of Remil to Coca-Cola FEMSA and the sale of 49 percent of our interest in Coca-Cola Pakistan to Coca-Cola Icecek. Refer to Note 3.
6Principally cash and cash equivalents, trade accounts receivable, inventories, goodwill, trademarks and other intangible assets and property, plant and
equipment—net.
7Property, plant and equipment—net in Germany represented approximately 18 percent of total consolidated property, plant and equipment—net in
2008, 21 percent in 2007 and 19 percent in 2006.
8Principally equity method investments, available-for-sale securities and nonmarketable investments in bottling companies.
9Operating income (loss) and income (loss) before income taxes were reduced by approximately $37 million for Eurasia and Africa, $33 million for
Europe, $4 million for Latin America, $23 million for North America, $3 million for Pacific, $47 million for Bottling Investments and $121 million for
Corporate, primarily due to asset impairments and restructuring charges. Refer to Note 18 and Note 19.
10 Equity income (loss)—net and income (loss) before income taxes was decreased by approximately $150 million for Bottling Investments, primarily due
to our proportionate share of asset impairments and restructuring costs, net of benefits from tax rate changes, recorded by equity method investees.
Refer to Note 19.
11 Income (loss) before income taxes was increased by $227 million for Corporate primarily due to gains on the sale of real estate in Spain and in the
United States, the sale of our ownership in Vonpar and the sale of Coca-Cola Amatil shares. Refer to Note 19.
12 Operating income (loss) and income (loss) before income taxes were reduced by approximately $3 million for Eurasia and Africa, $36 million for
Europe, $62 million for the Pacific, $87 million for Bottling Investments and $1 million for Corporate primarily due to asset impairments, contract
termination costs related to production capacity efficiencies and other restructuring costs. Refer to Note 19.
13 Operating income (loss) and income (loss) before income taxes were reduced by $100 million for Corporate as a result of a donation made to The
Coca-Cola Foundation. Refer to Note 19.
14 Equity income—net and income (loss) before income taxes were reduced by approximately $587 million for Bottling Investments primarily related to
our proportionate share of impairment and restructuring charges recorded by CCE which were partially offset by our proportionate share of changes in
certain of CCE’s state and Canadian federal and provincial tax rates (refer to Note 3 and Note 19), and were reduced by approximately $19 million due
to our proportionate share of restructuring charges recorded by other equity method investees.
15 Income (loss) before income taxes was increased by approximately $298 million for Corporate as a result of net gains on the sale of Coca-Cola
FEMSA shares and the sale of a portion of our investment in Coca-Cola Icecek in an initial public offering. Refer to Note 19.
Geographic Data (in millions)
Year Ended December 31, 2008 2007 2006
Net operating revenues:
United States $ 8,014 $ 7,556 $ 6,662
International 23,930 21,301 17,426
Net operating revenues $ 31,944 $ 28,857 $ 24,088
December 31, 2008 2007 2006
Property, plant and equipment—net:
United States $ 3,161 $ 2,750 $ 2,607
International 5,165 5,743 4,296
Property, plant and equipment—net $ 8,326 $ 8,493 $ 6,903
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