{
  "slug": "the-coca-cola-company",
  "symbol": "KO",
  "name": "The Coca-Cola Company",
  "fiscalYearEnd": "2025-12-31",
  "filing": {
    "accession": "0001628280-26-010047",
    "form": "10-K",
    "filed": "2026-02-20",
    "url": "https://www.sec.gov/Archives/edgar/data/21344/000162828026010047/ko-20251231.htm"
  },
  "model": "claude-haiku-5-5",
  "promptVersion": "2026-10-31.2",
  "generatedAt": "2026-10-31T19:52:01.066534+00:00",
  "segments": {
    "currency": "USD",
    "asOf": "2025-12-31",
    "total": 47941000000.0,
    "internal": null,
    "rows": [
      {
        "name": "Europe, Middle East, Africa",
        "revenue": 11513000000.0,
        "share": 23.6
      },
      {
        "name": "Latin America",
        "revenue": 6334000000.0,
        "share": 13.0
      },
      {
        "name": "North America",
        "revenue": 19586000000.0,
        "share": 40.1
      },
      {
        "name": "Asia Pacific",
        "revenue": 5638000000.0,
        "share": 11.6
      },
      {
        "name": "Bottling investments",
        "revenue": 5735000000.0,
        "share": 11.8
      }
    ]
  },
  "sections": {
    "businessModel": [
      {
        "de": "Das Konzentratgeschäft erzielt Umsatz, indem es Getränkekonzentrate, Sirupe und einige fertige Getränke an autorisierte Abfüllbetriebe verkauft.",
        "en": "Concentrate operations earn revenue by selling beverage concentrates, syrups and some finished drinks to authorised bottling operations.",
        "quote": "Our concentrate operations typically generate net operating revenues by selling beverage concentrates, sometimes referred to as “beverage bases,” syrups, including fountain syrups, and certain finished beverages to authorized bottling operations"
      },
      {
        "de": "Das Geschäft mit fertigen Produkten erzielt Umsatz, indem es kohlensäurehaltige Erfrischungsgetränke und andere fertige Getränke an Händler sowie an Großhändler und Vertreiber verkauft.",
        "en": "Finished product operations earn revenue by selling sparkling soft drinks and other finished beverages to retailers, or to distributors and wholesalers.",
        "quote": "Our finished product operations generate net operating revenues by selling sparkling soft drinks and a variety of other finished beverages to retailers, or to distributors and wholesalers who in turn sell the beverages to retailers."
      },
      {
        "de": "Das Unternehmen besitzt und vermarktet mehrere kohlensäurehaltige Erfrischungsgetränkemarken, darunter Coca-Cola, Sprite, Coca-Cola Zero Sugar, Fanta und Diet Coke/Coca-Cola Light.",
        "en": "The company owns and markets several nonalcoholic sparkling soft drink brands, including Coca-Cola, Sprite, Coca-Cola Zero Sugar, Fanta and Diet Coke/Coca-Cola Light.",
        "quote": "We own and market several of the world’s largest nonalcoholic sparkling soft drink brands, including Coca-Cola, Sprite, Coca-Cola Zero Sugar, Fanta and Diet Coke/Coca-Cola Light."
      },
      {
        "de": "Das Unternehmen ist außerdem in zahlreichen Märkten außerhalb der Vereinigten Staaten direkt in das Geschäft mit alkoholischen Getränken eingestiegen.",
        "en": "The company has also entered the alcohol beverage business directly in many markets outside the United States.",
        "quote": "The Company has also directly entered the alcohol beverage category in numerous markets outside the United States."
      }
    ],
    "customers": [
      {
        "de": "Ein großer Teil der Nettoumsatzerlöse stammt aus dem Verkauf von Konzentraten und Sirupen an unabhängige Abfüllpartner.",
        "en": "A large part of net operating revenues comes from selling concentrates and syrups to independent bottling partners.",
        "quote": "We generate a significant portion of our net operating revenues by selling concentrates and syrups to independent bottling partners."
      },
      {
        "de": "Im Jahr 2025 machten fünf Abfüllpartner zusammen 44 % der weltweiten Absatzmenge des Unternehmens (unit case volume) aus.",
        "en": "In 2025, five bottling partners together accounted for 44% of the company's total worldwide unit case volume.",
        "quote": "In 2025, these five bottling partners combined represented 44% of our total worldwide unit case volume."
      }
    ],
    "competition": [
      {
        "de": "Die kommerzielle Getränkeindustrie ist sehr wettbewerbsintensiv und umfasst zahlreiche Unternehmen, von kleinen oder neu entstehenden bis zu sehr großen.",
        "en": "The commercial beverage industry is highly competitive and includes many companies, from small or emerging ones to very large ones.",
        "quote": "The commercial beverage industry is highly competitive and consists of numerous companies, ranging from small or emerging to very large and well established."
      },
      {
        "de": "PepsiCo, Inc. ist in vielen Ländern, in denen das Unternehmen tätig ist, ein Hauptwettbewerber.",
        "en": "PepsiCo, Inc. is a primary competitor in many of the countries where the company does business.",
        "quote": "In many of the countries in which we do business, PepsiCo, Inc. is a primary competitor."
      },
      {
        "de": "Zu den Wettbewerbsfaktoren gehören Preise, Werbung, Verkaufsförderung, Platzierungen im Laden, digitales Marketing sowie Produkt- und Zutateninnovation; die Aufzählung ist nicht abschließend.",
        "en": "Competitive factors include pricing, advertising, sales promotion, in-store displays, digital marketing and product and ingredient innovation, and the list is not complete.",
        "quote": "Competitive factors impacting our business include, but are not limited to, pricing, advertising, sales promotion programs, in-store displays and point-of-sale marketing, digital marketing, product and ingredient innovation"
      }
    ],
    "risks": [
      {
        "de": "Im Jahr 2025 entfielen 10 % der Nettoumsatzerlöse des Unternehmens auf einen Abfüllpartner; diese Erlöse werden in den Segmenten EMEA und Asien-Pazifik ausgewiesen.",
        "en": "In 2025, one bottling partner accounted for 10% of the company's net operating revenues, which are reflected in its EMEA and Asia Pacific segments.",
        "quote": "For the year ended December 31, 2025, one bottler accounted for 10% of our net operating revenues, which are reflected in our EMEA and Asia Pacific operating segments."
      },
      {
        "de": "Die US-Steuerbehörde IRS versucht, das steuerpflichtige US-Einkommen des Unternehmens für die Steuerjahre 2007 bis 2009 zu erhöhen, was eine mögliche zusätzliche US-Bundeseinkommensteuerschuld von etwa 3,3 Milliarden US-Dollar zuzüglich Zinsen ergeben würde.",
        "en": "The US tax authority IRS is seeking to increase the company's US taxable income for 2007 to 2009, which would create a potential additional federal income tax liability of approximately $3.3 billion, plus interest.",
        "quote": "the United States Internal Revenue Service (“IRS”) is seeking to increase our U.S. taxable income for tax years 2007 through 2009 by an amount that creates a potential additional U.S. federal income tax liability of approximately $3.3 billion for that period, plus interest."
      },
      {
        "de": "Da das Unternehmen mehr Alkoholvorschriften unterliegt, etwa zu Lizenzierung, Handel, Preisen, Kennzeichnung, Marketing und Vertriebsbeziehungen, könnte es höhere Compliance-Kosten und Störungen im bestehenden Geschäft verzeichnen.",
        "en": "As the company becomes subject to more alcohol regulations on licensing, trade, pricing, labeling, marketing and distributor relationships, it may face higher compliance costs and disruption to its existing business.",
        "quote": "As we become subject to additional governmental regulations, including alcohol regulations related to licensing, trade and pricing practices; labeling, advertising, promotion and marketing practices; and relationships with distributors, we may become exposed to the risk of increased compliance costs and disruptions to our existing business."
      },
      {
        "de": "Die Zitrusindustrie ist von der Citrus-Greening-Krankheit und schwankenden Wetterbedingungen betroffen, die Qualität und Versorgung mit Orangensaft und Orangensaftkonzentrat beeinträchtigen können.",
        "en": "The citrus industry is affected by citrus greening disease and weather variability, which can affect the quality and supply of orange juice and orange juice concentrate.",
        "quote": "However, the citrus industry is impacted by citrus greening disease and the variability of weather conditions that can affect the quality and supply of orange juice and orange juice concentrate."
      },
      {
        "de": "Müsste das Unternehmen Proposition-65-Warnhinweise auf Etiketten einiger in Kalifornien verkaufter Getränke anbringen, könnte die Reaktion der Verbraucher und negative Berichterstattung die Verkäufe in Kalifornien und anderen Märkten negativ beeinflussen.",
        "en": "If the company had to add Proposition 65 warnings to some drinks sold in California, the consumer reaction and negative publicity could negatively affect sales in California and other markets.",
        "quote": "If we were required to add Proposition 65 warnings on the labels of one or more of our beverage products produced for sale in California, the resulting consumer reaction to the warnings and potential adverse publicity could negatively affect our sales both in California and in other markets."
      }
    ]
  }
}