|        |
|--------|
|        |
|   |

|                                                                             |
|-----------------------------------------------------------------------------|
|                                                                             |  |  |
| Delaware(State or other jurisdiction ofincorporation or organization)       |   | 58-0628465(IRS EmployerIdentification No.) |
| One Coca-Cola PlazaAtlanta, Georgia(Address of principal executive offices) |   | 30313(Zip Code) |

|        |
|--------|
|        |  |  |  |
|   | Large accelerated filer ý |                  | Accelerated filer o |
|   | Non-accelerated filer o(Do not check if a smaller reporting company) |                  | Smaller reporting company o |

|                             |
|-----------------------------|
|                             |  |  |
| Class of Common Stock  |   | Outstanding at April 27, 2015 |
| $0.25 Par Value             |   | 4,358,700,821 Shares |

|        |
|--------|
|        |
|   |

----

|               |
|---------------|
|               |  |  |
|          |   | Page Number |
|          | Forward-Looking Statements | 1 |
|          |   |   |
|          | Part I. Financial Information |   |
|          |   |   |
| Item 1.  | Financial Statements (Unaudited) | 2 |
|          |   |   |
|          | Condensed Consolidated Statements of Income   Three months ended April 3, 2015 and March 28, 2014 | 2 |
|          |   |   |
|          | Condensed Consolidated Statements of Comprehensive IncomeThree months ended April 3, 2015 and March 28, 2014 | 3 |
|          |   |   |
|          | Condensed Consolidated Balance SheetsApril 3, 2015 and December 31, 2014 | 4 |
|          |   |   |
|          | Condensed Consolidated Statements of Cash FlowsThree months ended April 3, 2015 and March 28, 2014 | 5 |
|          |   |   |
|          | Notes to Condensed Consolidated Financial Statements | 6 |
|          |   |   |
| Item 2.  | Management's Discussion and Analysis of Financial Condition and Results of Operations | 29 |
|          |   |   |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk | 47 |
|          |   |   |
| Item 4.  | Controls and Procedures | 47 |
|          |   |   |
|          | Part II. Other Information |   |
|          |   |   |
| Item 1.  | Legal Proceedings | 47 |
|          |   |   |
| Item 1A. | Risk Factors | 47 |
|          |   |   |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds | 47 |
|          |   |   |
| Item 6.  | Exhibits | 48 |

----

----

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |  |
|                                                                | Three Months Ended |
|                                                                | April 3, 2015 |  | March 28, 2014 |  |
| NET OPERATING REVENUES                                              | $ | 10,711 |  | $ | 10,576 |  |
| Cost of goods sold                                                  | 4,103 |  | 4,083 |  |
| GROSS PROFIT                                                        | 6,608 |  | 6,493 |  |
| Selling, general and administrative expenses                        | 4,079 |  | 3,989 |  |
| Other operating charges                                             | 233 |  | 128 |  |
| OPERATING INCOME                                                    | 2,296 |  | 2,376 |  |
| Interest income                                                     | 155 |  | 123 |  |
| Interest expense                                                    | 447 |  | 124 |  |
| Equity income (loss) — net                               | 2 |  | 71 |  |
| Other income (loss) — net                                | (25 | ) | (241 | ) |
| INCOME BEFORE INCOME TAXES                                          | 1,981 |  | 2,205 |  |
| Income taxes                                                        | 415 |  | 579 |  |
| CONSOLIDATED NET INCOME                                             | 1,566 |  | 1,626 |  |
| Less: Net income attributable to noncontrolling interests           | 9 |  | 7 |  |
| NET INCOME ATTRIBUTABLE TO SHAREOWNERS OFTHE COCA-COLA COMPANY | $ | 1,557 |  | $ | 1,619 |  |
| BASIC NET INCOME PER SHARE1                                         | $ | 0.36 |  | $ | 0.37 |  |
| DILUTED NET INCOME PER SHARE1                                       | $ | 0.35 |  | $ | 0.36 |  |
| DIVIDENDS PER SHARE                                                 | $ | 0.330 |  | $ | 0.305 |  |
| AVERAGE SHARES OUTSTANDING                                          | 4,365 |  | 4,401 |  |
| Effect of dilutive securities                                       | 57 |  | 63 |  |
| AVERAGE SHARES OUTSTANDING ASSUMING DILUTION                        | 4,422 |  | 4,464 |  |

----

|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |
|                                                                           | Three Months Ended |
|                                                                           | April 3, 2015 |  | March 28, 2014 |  |
| CONSOLIDATED NET INCOME                                                        | $ | 1,566 |  | $ | 1,626 |  |
| Other comprehensive income:                                                    |   |   |
| Net foreign currency translation adjustment                                    | (1,486 | ) | (389 | ) |
| Net gain (loss) on derivatives                                                 | 334 |  | (99 | ) |
| Net unrealized gain (loss) on available-for-sale securities                    | (211 | ) | 315 |  |
| Net change in pension and other benefit liabilities                            | 65 |  | 7 |  |
| TOTAL COMPREHENSIVE INCOME                                                     | 268 |  | 1,460 |  |
| Less: Comprehensive income (loss) attributable to noncontrolling interests     | 3 |  | 3 |  |
| TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TOSHAREOWNERS OF THE COCA-COLA COMPANY | $ | 265 |  | $ | 1,457 |  |

----

|                                                                                                                     |
|---------------------------------------------------------------------------------------------------------------------|
|                                                                                                                     |  |  |  |  |  |  |
|                                                                                                                | April 3, 2015 |  | December 31, 2014 |  |
| ASSETS                                                                                                              |   |   |
| CURRENT ASSETS                                                                                                      |   |   |
| Cash and cash equivalents                                                                                           | $ | 8,211 |  | $ | 8,958 |  |
| Short-term investments                                                                                              | 8,366 |  | 9,052 |  |
| TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS                                                             | 16,577 |  | 18,010 |  |
| Marketable securities                                                                                               | 3,472 |  | 3,665 |  |
| Trade accounts receivable, less allowances of $362 and $331, respectively                                           | 4,461 |  | 4,466 |  |
| Inventories                                                                                                         | 3,219 |  | 3,100 |  |
| Prepaid expenses and other assets                                                                                   | 3,605 |  | 3,066 |  |
| Assets held for sale                                                                                                | 785 |  | 679 |  |
| TOTAL CURRENT ASSETS                                                                                                | 32,119 |  | 32,986 |  |
| EQUITY METHOD INVESTMENTS                                                                                           | 9,851 |  | 9,947 |  |
| OTHER INVESTMENTS                                                                                                   | 4,044 |  | 3,678 |  |
| OTHER ASSETS                                                                                                        | 4,602 |  | 4,407 |  |
|  PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation of$10,638 and $10,625, respectively              | 14,346 |  | 14,633 |  |
| TRADEMARKS WITH INDEFINITE LIVES                                                                                    | 6,424 |  | 6,533 |  |
| BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES                                                                    | 6,620 |  | 6,689 |  |
| GOODWILL                                                                                                            | 11,993 |  | 12,100 |  |
| OTHER INTANGIBLE ASSETS                                                                                             | 1,017 |  | 1,050 |  |
| TOTAL ASSETS                                                                                                        | $ | 91,016 |  | $ | 92,023 |  |
| LIABILITIES AND EQUITY                                                                                              |   |   |
| CURRENT LIABILITIES                                                                                                 |   |   |
| Accounts payable and accrued expenses                                                                               | $ | 8,853 |  | $ | 9,234 |  |
| Loans and notes payable                                                                                             | 14,383 |  | 19,130 |  |
| Current maturities of long-term debt                                                                                | 2,040 |  | 3,552 |  |
| Accrued income taxes                                                                                                | 689 |  | 400 |  |
| Liabilities held for sale                                                                                           | 158 |  | 58 |  |
| TOTAL CURRENT LIABILITIES                                                                                           | 26,123 |  | 32,374 |  |
| LONG-TERM DEBT                                                                                                      | 26,087 |  | 19,063 |  |
| OTHER LIABILITIES                                                                                                   | 4,296 |  | 4,389 |  |
| DEFERRED INCOME TAXES                                                                                               | 5,432 |  | 5,636 |  |
| THE COCA-COLA COMPANY SHAREOWNERS' EQUITY                                                                           |   |   |
| Common stock, $0.25 par value; Authorized — 11,200 shares;Issued — 7,040 and 7,040 shares, respectively | 1,760 |  | 1,760 |  |
| Capital surplus                                                                                                     | 13,361 |  | 13,154 |  |
| Reinvested earnings                                                                                                 | 63,524 |  | 63,408 |  |
| Accumulated other comprehensive income (loss)                                                                       | (7,069 | ) | (5,777 | ) |
| Treasury stock, at cost — 2,680 and 2,674 shares, respectively                                                | (42,739 | ) | (42,225 | ) |
| EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY                                                         | 28,837 |  | 30,320 |  |
| EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS                                                                     | 241 |  | 241 |  |
| TOTAL EQUITY                                                                                                        | 29,078 |  | 30,561 |  |
| TOTAL LIABILITIES AND EQUITY                                                                                        | $ | 91,016 |  | $ | 92,023 |  |

----

|                                                                                               |
|-----------------------------------------------------------------------------------------------|
|                                                                                               |  |  |  |  |  |  |
|                                                                                          | Three Months Ended |
|                                                                                          | April 3, 2015 |  | March 28, 2014 |  |
| OPERATING ACTIVITIES                                                                          |   |   |
| Consolidated net income                                                                       | $ | 1,566 |  | $ | 1,626 |  |
| Depreciation and amortization                                                                 | 473 |  | 473 |  |
| Stock-based compensation expense                                                              | 60 |  | 39 |  |
| Deferred income taxes                                                                         | 8 |  | 13 |  |
| Equity (income) loss — net of dividends                                            | 8 |  | (65 | ) |
| Foreign currency adjustments                                                                  | (46 | ) | 280 |  |
| Significant (gains) losses on sales of assets — net                                | 33 |  | — |  |
| Other operating charges                                                                       | 139 |  | 84 |  |
| Other items                                                                                   | 522 |  | 46 |  |
| Net change in operating assets and liabilities                                                | (1,189 | ) | (1,430 | ) |
| Net cash provided by operating activities                                                     | 1,574 |  | 1,066 |  |
| INVESTING ACTIVITIES                                                                          |   |   |
| Purchases of investments                                                                      | (4,003 | ) | (4,369 | ) |
| Proceeds from disposals of investments                                                        | 3,746 |  | 2,595 |  |
| Acquisitions of businesses, equity method investments and nonmarketable securities            | (603 | ) | (85 | ) |
| Proceeds from disposals of businesses, equity method investments and nonmarketable securities | 229 |  | — |  |
| Purchases of property, plant and equipment                                                    | (516 | ) | (449 | ) |
| Proceeds from disposals of property, plant and equipment                                      | 21 |  | 68 |  |
| Other investing activities                                                                    | 314 |  | 27 |  |
| Net cash provided by (used in) investing activities                                           | (812 | ) | (2,213 | ) |
| FINANCING ACTIVITIES                                                                          |   |   |
| Issuances of debt                                                                             | 16,373 |  | 10,926 |  |
| Payments of debt                                                                              | (15,755 | ) | (9,567 | ) |
| Issuances of stock                                                                            | 279 |  | 191 |  |
| Purchases of stock for treasury                                                               | (654 | ) | (875 | ) |
| Dividends                                                                                     | (1,441 | ) | — |  |
| Other financing activities                                                                    | 21 |  | (470 | ) |
| Net cash provided by (used in) financing activities                                           | (1,177 | ) | 205 |  |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS                                  | (332 | ) | (341 | ) |
| CASH AND CASH EQUIVALENTS                                                                     |   |   |
| Net increase (decrease) during the period                                                     | (747 | ) | (1,283 | ) |
| Balance at beginning of period                                                                | 8,958 |  | 10,414 |  |
| Balance at end of period                                                                      | $ | 8,211 |  | $ | 9,131 |  |

----

----

----

----

----

|                                                   |
|---------------------------------------------------|
|                                                   |  |  |  |  |  |  |  |  |
|                                              | April 3, 2015 |  |   | December 31, 2014 |  |   |
| Cash, cash equivalents and short-term investments | $ | 45 |  |   | $ | 30 |  |   |
| Trade accounts receivable, less allowances        | 130 |  |   | 100 |  |   |
| Inventories                                       | 54 |  |   | 54 |  |   |
| Prepaid expenses and other assets                 | 8 |  |   | 7 |  |   |
| Equity method investments                         | 108 |  |   | 141 |  |   |
| Other assets                                      | 2 |  |   | 3 |  |   |
| Property, plant and equipment — net    | 316 |  |   | 303 |  |   |
| Trademarks with indefinite lives                  | 43 |  |   | 43 |  |   |
| Bottlers' franchise rights with indefinite lives  | 350 |  |   | 410 |  |   |
| Goodwill                                          | 46 |  |   | 46 |  |   |
| Other intangible assets                           | 115 |  |   | 36 |  |   |
| Allowance for reduction of assets held for sale   | (432 | ) |   | (494 | ) |   |
| Total assets                                      | $ | 785 |  | 1  | $ | 679 |  | 2  |
| Accounts payable and accrued expenses             | $ | 57 |  |   | $ | 48 |  |   |
| Other liabilities                                 | 57 |  |   | 6 |  |   |
| Deferred income taxes                             | 44 |  |   | 4 |  |   |
| Total liabilities                                 | $ | 158 |  |   | $ | 58 |  |   |

----

|                          |
|--------------------------|
|                          |  |  |  |  |  |  |
|                     | April 3, 2015 |  | December 31, 2014 |  |
| Marketable securities    | $ | 255 |  | $ | 315 |  |
| Other assets             | 96 |  | 94 |  |
| Total trading securities | $ | 351 |  | $ | 409 |  |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |
|                                |   | Gross Unrealized |   |
|                                | Cost |  | Gains |  | Losses |  | Fair Value |  |
| Available-for-sale securities:1     |   |   |   |   |
| Equity securities                   | $ | 3,426 |  | $ | 1,073 |  | $ | (20 | ) | $ | 4,479 |  |
| Debt securities                     | 3,422 |  | 109 |  | (24 | ) | 3,507 |  |
| Total available-for-sale securities | $ | 6,848 |  | $ | 1,182 |  | $ | (44 | ) | $ | 7,986 |  |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                |   | Gross Unrealized |   |   |
|                                | Cost |  | Gains |  | Losses |  |   | Fair Value |  |
| Available-for-sale securities:1     |   |   |   |   |   |
| Equity securities                   | $ | 2,687 |  | $ | 1,463 |  | $ | (29 | ) |   | $ | 4,121 |  |
| Debt securities                     | 3,796 |  | 68 |  | (106 | ) | 2  | 3,758 |  |
| Total available-for-sale securities | $ | 6,483 |  | $ | 1,531 |  | $ | (135 | ) |   | $ | 7,879 |  |

----

|              |
|--------------|
|              |  |  |  |  |  |  |
|         | Three Months Ended |
|         | April 3, 2015 |  | March 28, 2014 |  |
| Gross gains  | $ | 34 |  | $ | 3 |  |
| Gross losses | (7 | ) | (4 | ) |
| Proceeds     | 1,442 |  | 1,365 |  |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |
|                                | April 3, 2015 |  | December 31, 2014 |  |
| Cash and cash equivalents           | $ | 1 |  | $ | 43 |  |
| Marketable securities               | 3,217 |  | 3,350 |  |
| Other investments                   | 3,880 |  | 3,512 |  |
| Other assets                        | 888 |  | 974 |  |
| Total available-for-sale securities | $ | 7,986 |  | $ | 7,879 |  |

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |
|                                     | Cost |  | Fair Value |  |
| Within 1 year                       | $ | 1,170 |  | $ | 1,170 |  |
| After 1 year through 5 years   | 1,792 |  | 1,837 |  |
| After 5 years through 10 years | 110 |  | 129 |  |
| After 10 years                      | 350 |  | 371 |  |
| Equity securities                        | 3,426 |  | 4,479 |  |
| Total available-for-sale securities      | $ | 6,848 |  | $ | 7,986 |  |

----

|                             |
|-----------------------------|
|                             |  |  |  |  |  |  |
|                        | April 3, 2015 |  | December 31, 2014 |  |
| Raw materials and packaging | $ | 1,572 |  | $ | 1,615 |  |
| Finished goods              | 1,285 |  | 1,134 |  |
| Other                       | 362 |  | 351 |  |
| Total inventories           | $ | 3,219 |  | $ | 3,100 |  |

----

|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |
|                                         |   | Fair Value1,2 |
| Derivatives Designated asHedging Instruments | Balance Sheet Location1 | April 3, 2015 |  | December 31, 2014 |  |
| Assets:                                      |   |   |   |
| Foreign currency contracts                   | Prepaid expenses and other assets | $ | 1,065 |  | $ | 923 |  |
| Foreign currency contracts                   | Other assets | 593 |  | 346 |  |
| Interest rate contracts                      | Prepaid expenses and other assets | 8 |  | 14 |  |
| Interest rate contracts                      | Other assets | 106 |  | 146 |  |
| Total assets                                 |   | $ | 1,772 |  | $ | 1,429 |  |
| Liabilities:                                 |   |   |   |
| Foreign currency contracts                   | Accounts payable and accrued expenses | $ | 42 |  | $ | 24 |  |
| Foreign currency contracts                   | Other liabilities | 21 |  | 249 |  |
| Commodity contracts                          | Accounts payable and accrued expenses | 1 |  | 1 |  |
| Interest rate contracts                      | Accounts payable and accrued expenses | 39 |  | 11 |  |
| Interest rate contracts                      | Other liabilities | 130 |  | 35 |  |
| Total liabilities                            |   | $ | 233 |  | $ | 320 |  |

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |
|                                             |   | Fair Value1,2 |
| Derivatives Not Designated asHedging Instruments | Balance Sheet Location1 | April 3, 2015 |  | December 31, 2014 |  |
| Assets:                                          |   |   |   |
| Foreign currency contracts                       | Prepaid expenses and other assets | $ | 92 |  | $ | 44 |  |
| Foreign currency contracts                       | Other assets | 251 |  | 231 |  |
| Commodity contracts                              | Prepaid expenses and other assets | 7 |  | 9 |  |
| Commodity contracts                              | Other assets | 1 |  | 1 |  |
| Other derivative instruments                     | Prepaid expenses and other assets | 1 |  | 14 |  |
| Other derivative instruments                     | Other assets | 1 |  | 2 |  |
| Total assets                                     |   | $ | 353 |  | $ | 301 |  |
| Liabilities:                                     |   |   |   |
| Foreign currency contracts                       | Accounts payable and accrued expenses | $ | 35 |  | $ | 33 |  |
| Foreign currency contracts                       | Other liabilities | — |  | 21 |  |
| Commodity contracts                              | Accounts payable and accrued expenses | 158 |  | 156 |  |
| Commodity contracts                              | Other liabilities | 7 |  | 17 |  |
| Interest rate contracts                          | Other liabilities | 2 |  | 2 |  |
| Other derivative instruments                     | Accounts payable and accrued expenses | 22 |  | 11 |  |
| Other derivative instruments                     | Other liabilities | 2 |  | — |  |
| Total liabilities                                |   | $ | 226 |  | $ | 240 |  |

----

----

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |  |  |  |  |
|                       | Gain (Loss) Recognizedin Other Comprehensive Income ("OCI") |  | Location of Gain (Loss)Recognized in Income1 | Gain (Loss)Reclassified fromAOCI into Income(Effective Portion) |  | Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) |  |   |
| Foreign currency contracts | $ | 764 |  | Net operating revenues | $ | 120 |  | $ | — |  | 1,2  |
| Foreign currency contracts | 19 |  | Cost of goods sold | 12 |  | — |  |   |
| Foreign currency contracts | 18 |  | Interest expense | (2 | ) | — |  |   |
| Interest rate contracts    | (132 | ) | Interest expense | (3 | ) | — |  |   |
| Commodity contracts        | (1 | ) | Cost of goods sold | — |  | — |  |   |
| Total                      | $ | 668 |  |   | $ | 127 |  | $ | — |  |   |

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |  |  |  |  |
|                       | Gain (Loss)Recognizedin OCI |  | Location of Gain (Loss)Recognized in Income1 | Gain (Loss)Reclassified fromAOCI into Income(Effective Portion) |  | Gain (Loss)Recognized in Income(Ineffective Portion andAmount Excluded fromEffectiveness Testing) |  |   |
| Foreign currency contracts | $ | (61 | ) | Net operating revenues | $ | 25 |  | $ | — |  | 2  |
| Foreign currency contracts | (12 | ) | Cost of goods sold | 13 |  | — |  | 2  |
| Interest rate contracts    | (51 | ) | Interest expense | — |  | — |  |   |
| Commodity contracts        | 1 |  | Cost of goods sold | 1 |  | — |  |   |
| Total                      | $ | (123 | ) |   | $ | 39 |  | $ | — |  |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |
| Hedging Instruments and Hedged Items          | Location of Gain (Loss)Recognized in Income | Gain (Loss)Recognized in Income 1 |
| Three Months Ended                            |
| April 3, 2015                            |  | March 28, 2014 |  |
| Interest rate contracts                       | Interest expense | $ | 29 |  | $ | 5 |  |
| Fixed-rate debt                               | Interest expense | (19 | ) | (3 | ) |
| Net impact to interest expense                |   | $ | 10 |  | $ | 2 |  |
| Foreign currency contracts                    | Other income (loss) — net | $ | 112 |  | $ | 18 |  |
| Available-for-sale securities                 | Other income (loss) — net | (118 | ) | (22 | ) |
| Net impact to other income (loss) — net |  | $ | (6 | ) | $ | (4 | ) |
| Net impact of fair value hedging instruments  |  | $ | 4 |  | $ | (2 | ) |

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                              | Notional Amount |   | Gain (Loss) Recognized in OCI |
|                              | As of |   | Three Months Ended |
|                              | April 3, 2015 |  | December 31, 2014 |  |   | April 3, 2015 |  | March 28, 2014 |  |
| Foreign currency contracts        | $ | 2,047 |  | $ | 2,047 |  |   | $ | 424 |  | $ | (68 | ) |
| Foreign currency denominated debt | 974 |  | — |  |   | 74 |  | — |  |
| Total                             | $ | 3,021 |  | $ | 2,047 |  |   | $ | 498 |  | $ | (68 | ) |

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |
|                                             |   | Three Months Ended |
| Derivatives Not Designatedas Hedging Instruments | Location of Gain (Loss)Recognized in Income | April 3, 2015 |  | March 28, 2014 |  |
| Foreign currency contracts                       | Net operating revenues | $ | 9 |  | $ | (12 | ) |
| Foreign currency contracts                       | Other income (loss) — net | (17 | ) | 2 |  |
| Commodity contracts                              | Net operating revenues | (3 | ) | (2 | ) |
| Commodity contracts                              | Cost of goods sold | (24 | ) | 22 |  |
| Commodity contracts                              | Selling, general and administrative expenses | (5 | ) | (3 | ) |
| Other derivative instruments                     | Selling, general and administrative expenses | — |  | (3 | ) |
| Other derivative instruments                     | Other income (loss) — net | (68 | ) | — |  |
| Total                                            |   | $ | (108 | ) | $ | 4 |  |

|         |                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | €2,000 million total principal amount of notes due March 9, 2017, at a variable interest rate equal to the three-month Euro Interbank Offered Rate ("EURIBOR") plus 0.15 percent; |

|         |                                                                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | €2,000 million total principal amount of notes due September 9, 2019, at a variable interest rate equal to the three-month EURIBOR plus 0.23 percent; |

|         |                                                                                                                       |
|---------|-----------------------------------------------------------------------------------------------------------------------|
| • | €1,500 million total principal amount of notes due March 9, 2023, at a fixed interest rate of 0.75 percent; |

|         |                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------|
| • | €1,500 million total principal amount of notes due March 9, 2027, at a fixed interest rate of 1.125 percent; and |

|         |                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------|
| • | €1,500 million total principal amount of notes due March 9, 2035, at a fixed interest rate of 1.625 percent. |

|         |                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------|
| • | $1,148 million total principal amount of notes due November 15, 2017, at a fixed interest rate of 5.35 percent; and |

|         |                                                                                                                      |
|---------|----------------------------------------------------------------------------------------------------------------------|
| • | $891 million total principal amount of notes due March 15, 2019, at a fixed interest rate of 4.875 percent. |

----

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |
|                                                         | Three Months Ended April 3, 2015 |
|                                                         | Shareowners ofThe Coca-Cola Company |  | NoncontrollingInterests |  | Total |  |
| Consolidated net income                                      | $ | 1,557 |  | $ | 9 |  | $ | 1,566 |  |
| Other comprehensive income:                                  |   |   |   |
| Net foreign currency translation adjustment                  | (1,480 | ) | (6 | ) | (1,486 | ) |
| Net gain (loss) on derivatives1                              | 334 |  | — |  | 334 |  |
| Net unrealized gain (loss) on available-for-sale securities2 | (211 | ) | — |  | (211 | ) |
| Net change in pension and other benefit liabilities          | 65 |  | — |  | 65 |  |
| Total comprehensive income                                   | $ | 265 |  | $ | 3 |  | $ | 268 |  |

----

|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |
| Three Months Ended April 3, 2015                                        | Before-Tax Amount |  |   | Income Tax |  |   | After-Tax Amount |  |
| Foreign currency translation adjustments:                               |  |  |   |  |  |   |  |  |
| Translation adjustment arising during the period                        | $ | (1,439 | ) |   | $ | (90 | ) |   | $ | (1,529 | ) |
| Reclassification adjustments recognized in net income                   | 63 |  |   | (14 | ) |   | 49 |  |
| Net foreign currency translation adjustments                            | (1,376 | ) |   | (104 | ) |   | (1,480 | ) |
| Derivatives:                                                            |  |   |  |   |  |
| Unrealized gains (losses) arising during the period                     | 669 |  |   | (256 | ) |   | 413 |  |
| Reclassification adjustments recognized in net income                   | (127 | ) |   | 48 |  |   | (79 | ) |
| Net gain (loss) on derivatives1                                         | 542 |  |   | (208 | ) |   | 334 |  |
| Available-for-sale securities:                                          |  |   |  |   |  |
| Unrealized gains (losses) arising during the period                     | (312 | ) |   | 120 |  |   | (192 | ) |
| Reclassification adjustments recognized in net income                   | (27 | ) |   | 8 |  |   | (19 | ) |
| Net change in unrealized gain (loss) on available-for-sale securities2  | (339 | ) |   | 128 |  |   | (211 | ) |
| Pension and other benefit liabilities:                                  |  |   |  |   |  |
| Net pension and other benefits arising during the period                | 52 |  |   | (17 | ) |   | 35 |  |
| Reclassification adjustments recognized in net income                   | 47 |  |   | (17 | ) |   | 30 |  |
| Net change in pension and other benefit liabilities3                    | 99 |  |   | (34 | ) |   | 65 |  |
| Other comprehensive income (loss) attributable to The Coca-Cola Company | $ | (1,074 | ) |   | $ | (218 | ) |   | $ | (1,292 | ) |

|         |                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1  | Refer to Note 5 for additional information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments. |

|         |                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2  | Includes reclassification adjustments related to divestitures of certain available-for-sale securities. Refer to Note 3 for additional information related to these divestitures. |

|         |                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------|
| 3  | Refer to Note 12 for additional information related to the Company's pension and other postretirement benefit liabilities. |

|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |
| Three Months Ended March 28, 2014                                       | Before-Tax Amount |  |   | Income Tax |  |   | After-Tax Amount |  |
| Foreign currency translation adjustments:                               |   |   |   |   |   |
| Translation adjustment arising during the period                        | $ | (484 | ) |   | $ | 99 |  |   | $ | (385 | ) |
| Reclassification adjustments recognized in net income                   | — |  |   | — |  |   | — |  |
| Net foreign currency translation adjustments                            | (484 | ) |   | 99 |  |   | (385 | ) |
| Derivatives:                                                            |  |   |  |   |  |
| Unrealized gains (losses) arising during the period                     | (123 | ) |   | 48 |  |   | (75 | ) |
| Reclassification adjustments recognized in net income                   | (39 | ) |   | 15 |  |   | (24 | ) |
| Net gain (loss) on derivatives1                                         | (162 | ) |   | 63 |  |   | (99 | ) |
| Available-for-sale securities:                                          |  |   |  |   |  |
| Unrealized gains (losses) arising during the period                     | 480 |  |   | (166 | ) |   | 314 |  |
| Reclassification adjustments recognized in net income                   | 1 |  |   | — |  |   | 1 |  |
| Net change in unrealized gain (loss) on available-for-sale securities2  | 481 |  |   | (166 | ) |   | 315 |  |
| Pension and other benefit liabilities:                                  |  |   |  |   |  |
| Net pension and other benefits arising during the period                | (3 | ) |   | 1 |  |   | (2 | ) |
| Reclassification adjustments recognized in net income                   | 14 |  |   | (5 | ) |   | 9 |  |
| Net change in pension and other benefit liabilities3                    | 11 |  |   | (4 | ) |   | 7 |  |
| Other comprehensive income (loss) attributable to The Coca-Cola Company | $ | (154 | ) |   | $ | (8 | ) |   | $ | (162 | ) |

|         |                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1  | Refer to Note 5 for additional information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments. |

|         |                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2  | Includes reclassification adjustments related to divestitures of certain available-for-sale securities. Refer to Note 3 for additional information related to these divestitures. |

|         |                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------|
| 3  | Refer to Note 12 for additional information related to the Company's pension and other postretirement benefit liabilities. |

----

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |
|                                        |   | Amount Reclassified fromAOCI into Income |   |
| Description of AOCI Component               | Financial Statement Line Item | Three Months Ended April 3, 2015 |   |
| Foreign currency translation adjustments:   |   |   |   |
| Divestitures, deconsolidations and other    | Other income (loss) — net | $ | 63 |  |   |
|                                        | Income before income taxes | 63 |  |   |
|                                        | Income taxes | (14 | ) |   |
|                                        | Consolidated net income | $ | 49 |  |   |
| Derivatives:                                |   |   |   |
| Foreign currency contracts                  | Net operating revenues | $ | (120 | ) |   |
| Foreign currency and commodity contracts    | Cost of goods sold | (12 | ) |   |
| Foreign currency contracts                  | Interest expense | 2 |  |   |
| Interest rate contracts                     | Interest expense | 3 |  |   |
|                                        | Income before income taxes | (127 | ) |   |
|                                        | Income taxes | 48 |  |   |
|                                        | Consolidated net income | $ | (79 | ) |   |
| Available-for-sale securities:              |   |   |   |
| Sale of securities                          | Other income (loss) — net | $ | (27 | ) |   |
|                                        | Income before income taxes | (27 | ) |   |
|                                        | Income taxes | 8 |  |   |
|                                        | Consolidated net income | $ | (19 | ) |   |
| Pension and other benefit liabilities:      |   |   |   |
| Amortization of net actuarial loss          | * | $ | 52 |  |   |
| Amortization of prior service cost (credit) | * | (5 | ) |   |
|                                        | Income before income taxes | 47 |  |   |
|                                        | Income taxes | (17 | ) |   |
|                                        | Consolidated net income | $ | 30 |  |   |

|   |                                                                                                                                                                                                                                                                                    |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| * | This component of AOCI is included in the Company's computation of net periodic benefit cost and is not reclassified out of AOCI into a single line item in our condensed consolidated statements of income in its entirety. Refer to Note 12 for additional information. |

|                                                                                             |
|---------------------------------------------------------------------------------------------|
|                                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                        |   | Shareowners of The Coca-Cola Company   |   |  |
|                                                                                        | Total |  | ReinvestedEarnings |  | AccumulatedOtherComprehensiveIncome (Loss) |  | CommonStock |  | CapitalSurplus |  | TreasuryStock |  | Non-controllingInterests |  |
| December 31, 2014                                                                      | $ | 30,561 |  | $ | 63,408 |  | $ | (5,777 | ) | $ | 1,760 |  | $ | 13,154 |  | $ | (42,225 | ) | $ | 241 |  |
| Comprehensive income (loss)                                                                 | 268 |  | 1,557 |  | (1,292 | ) | — |  | — |  | — |  | 3 |  |
| Dividends paid/payable to shareowners of     The Coca-Cola Company | (1,441 | ) | (1,441 | ) | — |  | — |  | — |  | — |  | — |  |
| Dividends paid to noncontrolling interests                                   | (1 | ) | — |  | — |  | — |  | — |  | — |  | (1 | ) |
| Business combinations including purchase accounting adjustments                             | (2 | ) | — |  | — |  | — |  | — |  | — |  | (2 | ) |
| Purchases of treasury stock                                                                 | (660 | ) | — |  | — |  | — |  | — |  | (660 | ) | — |  |
| Impact related to stock compensation plans                                                  | 353 |  | — |  | — |  | — |  | 207 |  | 146 |  | — |  |
| April 3, 2015                                                                          | $ | 29,078 |  | $ | 63,524 |  | $ | (7,069 | ) | $ | 1,760 |  | $ | 13,361 |  | $ | (42,739 | ) | $ | 241 |  |

----

----

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                       | AccruedBalanceDecember 31, 2014 |  | CostsIncurredThree Months EndedApril 3, 2015 |  | Payments |  | NoncashandExchange |  | AccruedBalanceApril 3, 2015 |  |
| Severance pay and benefits | $ | 260 |  | $ | 22 |  | $ | (87 | ) | $ | (11 | ) | $ | 184 |  |
| Outside services           | 4 |  | 18 |  | (13 | ) | — |  | 9 |  |
| Other direct costs         | 21 |  | 50 |  | (45 | ) | (13 | ) | 13 |  |
| Total                      | $ | 285 |  | $ | 90 |  | $ | (145 | ) | $ | (24 | ) | $ | 206 |  |

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                   | Pension Benefits   |   | Other Benefits   |
|                                                   | Three Months Ended |
|                                                   | April 3, 2015 |  | March 28, 2014 |  |   | April 3, 2015 |  | March 28, 2014 |  |
| Service cost                                           | $ | 67 |  | $ | 67 |  |   | $ | 7 |  | $ | 6 |  |
| Interest cost                                          | 95 |  | 101 |  |   | 9 |  | 11 |  |
| Expected return on plan assets                         | (177 | ) | (178 | ) |   | (3 | ) | (3 | ) |
| Amortization of prior service cost (credit)            | — |  | (1 | ) |   | (5 | ) | (4 | ) |
| Amortization of net actuarial loss                     | 49 |  | 18 |  |   | 3 |  | 1 |  |
| Total cost (credit) recognized in statements of income | $ | 34 |  | $ | 7 |  |   | $ | 11 |  | $ | 11 |  |

----

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |
|                                                          | Three Months Ended |   |
|                                                          | April 3, 2015 |  |   | March 28, 2014 |  |   |
| Productivity and reinvestment program                         | $ | (42 | ) | 1  | $ | (32 | ) | 1  |
| Other productivity, integration and restructuring initiatives | — |  | 2  | — |  | 2  |
| Transaction gains and losses                                  | (10 | ) | 3  | — |  |  |
| Certain tax matters                                           | (16 | ) | 4  | 5 |  | 4  |
| Other — net                                        | (130 | ) | 5  | 5 |  | 6  |

|         |                                                                                                                                                                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1  | Related to charges of $90 million and $86 million during the three months ended April 3, 2015 and March 28, 2014, respectively. These charges were due to the Company's productivity and reinvestment program. Refer to Note 10 and Note 11. |

|         |                                                                                                                                                                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2  | Related to charges of $35 million and $42 million during the three months ended April 3, 2015 and March 28, 2014, respectively. These charges were due to the integration of our German bottling and distribution operations. Refer to Note 10 and Note 11. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3  | Related to charges of $46 million that consisted of $21 million of charges due to the refranchising of certain territories in North America, a $6 million additional charge related to the sale of a portion of our equity investment in a Brazilian bottling entity, and a $19 million charge related to the remeasurement of our equity interest in a South African bottler to fair value. Refer to Note 2 and Note 10. |

|         |                                                                                                                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4  | Primarily related to amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties. The components of the net change in uncertain tax positions were individually insignificant. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5  | Related to charges of $528 million that consisted of $320 million associated with the early extinguishment of long-term debt, $27 million due to the remeasurement of the net monetary assets of our Venezeulan subsidiary into U.S. dollars using the SIMADI exchange rate, $108 million due to the write-down we recorded related to receivables from our bottling partner in Venezuela and an impairment of a Venezuelan trademark, and $73 million due to our proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 1. Note 6 and Note 10. |

|         |                                                                                                                                                                                                                                                                                                   |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6  | Related to charges of $253 million that consisted of $247 million due to the devaluation of the Venezuelan bolivar and $6 million due to our proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 1 and Note 10. |

----

|         |                                                                                                |
|---------|------------------------------------------------------------------------------------------------|
| • | Level 1 — Quoted prices in active markets for identical assets or liabilities. |

|         |                                                                                                                                                                                                                                                                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 2 — Observable inputs other than quoted prices included in Level 1. We value assets and liabilities included in this level using dealer and broker quotations, certain pricing models, bid prices, quoted prices for similar assets and liabilities in active markets, or other inputs that are observable or can be corroborated by observable market data. |

|         |                                                                                                                                                                                                                                                                                                                     |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. |

----

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                           | Level 1 |  | Level 2 |  | Level 3 |  |   | NettingAdjustment1 |  | Fair ValueMeasurements |  |   |
| Assets:                        |   |   |   |   |   |   |   |
| Trading securities2            | $ | 230 |  | $ | 118 |  | $ | 3 |  |   | $ | — |  | $ | 351 |  |   |
| Available-for-sale securities2 | 4,412 |  | 3,439 |  | 135 |  | 3  | — |  | 7,986 |  |   |
| Derivatives4                   | 7 |  | 2,118 |  | — |  |   | (356 | ) | 1,769 |  | 5  |
| Total assets                   | $ | 4,649 |  | $ | 5,675 |  | $ | 138 |  |   | $ | (356 | ) | $ | 10,106 |  |   |
| Liabilities:                   |   |   |   |   |   |   |   |
| Derivatives4                   | $ | 1 |  | $ | 458 |  | $ | — |  |   | $ | (356 | ) | $ | 103 |  | 5  |
| Total liabilities              | $ | 1 |  | $ | 458 |  | $ | — |  |   | $ | (356 | ) | $ | 103 |  |   |

|         |                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------|
| 2  | Refer to Note 3 for additional information related to the composition of our trading securities and available-for-sale securities. |

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                           | Level 1 |  | Level 2 |  | Level 3 |  |   | NettingAdjustment1 |  | Fair ValueMeasurements |  |   |
| Assets:                        |   |   |   |   |   |   |   |
| Trading securities2            | $ | 228 |  | $ | 177 |  | $ | 4 |  |   | $ | — |  | $ | 409 |  |   |
| Available-for-sale securities2 | 4,116 |  | 3,627 |  | 136 |  | 3  | — |  | 7,879 |  |   |
| Derivatives4                   | 9 |  | 1,721 |  | — |  |   | (437 | ) | 1,293 |  | 5  |
| Total assets                   | $ | 4,353 |  | $ | 5,525 |  | $ | 140 |  |   | $ | (437 | ) | $ | 9,581 |  |   |
| Liabilities:                   |   |   |   |   |   |   |   |
| Derivatives4                   | $ | 2 |  | $ | 558 |  | $ | — |  |   | $ | (437 | ) | $ | 123 |  | 5  |
| Total liabilities              | $ | 2 |  | $ | 558 |  | $ | — |  |   | $ | (437 | ) | $ | 123 |  |   |

|         |                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------|
| 2  | Refer to Note 3 for additional information related to the composition of our trading securities and available-for-sale securities. |

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |
|                                             | Gains (Losses)   |    |
|                                             | Three Months Ended |    |
|                                             | April 3, 2015 |  |   | March 28, 2014 |  |    |
| Assets held for sale                             | $ | (23 | ) | 1  | $ | — |  |   |
| Intangible assets                                | (52 | ) | 2  | — |  |   |
| Investment in formerly unconsolidated subsidiary | (19 | ) | 3  | — |  |   |
| Valuation of shares in equity method investee    | (6 | ) | 4  | — |  |   |
| Total                                            | $ | (100 | ) |   | $ | — |  |   |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1  | As of April 3, 2015, the Company had entered into agreements to refranchise additional territories in North America. These operations met the criteria to be classified as held for sale in our condensed consolidated balance sheet as of April 3, 2015, and we were required to record their assets and liabilities at the lower of carrying value or fair value less any costs to sell based on the agreed-upon sale price. The Company recognized a noncash loss of $23 million during the three months ended April 3, 2015 as a result of writing down the assets to their fair value less costs to sell. The loss was calculated based on Level 3 inputs. Refer to Note 2. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2  | The Company recognized a loss of $52 million during the three months ended April 3, 2015 due to an impairment charge on a Venezuelan trademark. The charge was primarily determined by comparing the fair value of the assets to the current carrying value. The fair value of the assets was derived using discounted cash flow analyses based on Level 3 inputs. Refer to Note 1 and Note 10. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3  | The Company recognized a loss of $19 million on our previously held investment in a South African bottler, which had been accounted for under the equity method of accounting prior to our acquisition of the bottler in February 2015. Accounting principles generally accepted in the United States require the acquirer to remeasure its previously held noncontrolling equity interest in the acquired entity to fair value as of the acquisition date and recognize any gains or losses in earnings. The Company remeasured our equity interest in the South African bottler based on Level 3 inputs. Refer to Note 2 and Note 10. |

|         |                                                                                                                                                                                                                                                                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4  | The Company recognized a loss of $6 million as a result of the owners of the majority interest in a Brazilian bottling entity exercising their option to acquire from us a 10 percent interest in the entity's outstanding shares. The exercise price was lower than our carrying value. This loss was determined using Level 3 inputs. Refer to Note 2 and Note 10. |

----

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                              | Eurasia& Africa |  | Europe |  | LatinAmerica |  | NorthAmerica |  | Asia Pacific |  | BottlingInvestments |  | Corporate |  | Eliminations |  | Consolidated |  |
| 2015                              |   |   |   |   |   |   |   |   |   |
| Net operating revenues:           |   |   |   |   |   |   |   |   |   |
| Third party                       | $ | 638 |  | $ | 1,068 |  | $ | 1,047 |  | $ | 5,097 |  | $ | 1,156 |  | $ | 1,665 |  | $ | 40 |  | $ | — |  | $ | 10,711 |  |
| Intersegment                      | — |  | 144 |  | 19 |  | 4 |  | 129 |  | 13 |  | — |  | (309 | ) | — |  |
| Total net revenues                | 638 |  | 1,212 |  | 1,066 |  | 5,101 |  | 1,285 |  | 1,678 |  | 40 |  | (309 | ) | 10,711 |  |
| Operating income (loss)           | 279 |  | 716 |  | 578 |  | 511 |  | 544 |  | 14 |  | (346 | ) | — |  | 2,296 |  |
| Income (loss) before income taxes | 286 |  | 724 |  | 588 |  | 487 |  | 548 |  | (1 | ) | (651 | ) | — |  | 1,981 |  |
| Identifiable operating assets     | 1,298 |  | 3,211 |  | 2,215 |  | 33,471 |  | 1,794 |  | 6,944 |  | 28,188 |  | — |  | 77,121 |  |
| Noncurrent investments            | 1,113 |  | 88 |  | 684 |  | 50 |  | 158 |  | 8,718 |  | 3,084 |  | — |  | 13,895 |  |
| 2014                              |   |   |   |   |   |   |   |   |   |
| Net operating revenues:           |   |   |   |   |   |   |   |   |   |
| Third party                       | $ | 658 |  | $ | 1,134 |  | $ | 1,094 |  | $ | 4,790 |  | $ | 1,210 |  | $ | 1,657 |  | $ | 33 |  | $ | — |  | $ | 10,576 |  |
| Intersegment                      | — |  | 159 |  | 17 |  | 3 |  | 105 |  | 16 |  | — |  | (300 | ) | — |  |
| Total net revenues                | 658 |  | 1,293 |  | 1,111 |  | 4,793 |  | 1,315 |  | 1,673 |  | 33 |  | (300 | ) | 10,576 |  |
| Operating income (loss)           | 303 |  | 719 |  | 668 |  | 428 |  | 557 |  | (26 | ) | (273 | ) | — |  | 2,376 |  |
| Income (loss) before income taxes | 308 |  | 731 |  | 667 |  | 425 |  | 560 |  | 22 |  | (508 | ) | — |  | 2,205 |  |
| Identifiable operating assets     | 1,333 |  | 3,868 |  | 2,809 |  | 34,255 |  | 1,996 |  | 7,156 |  | 26,745 |  | — |  | 78,162 |  |
| Noncurrent investments            | 1,145 |  | 109 |  | 602 |  | 50 |  | 145 |  | 9,183 |  | 1,893 |  | — |  | 13,127 |  |
| As of December 31, 2014           |   |   |   |   |   |   |   |   |   |
| Identifiable operating assets     | $ | 1,298 |  | $ | 3,358 |  | $ | 2,426 |  | $ | 33,066 |  | $ | 1,793 |  | $ | 6,975 |  | $ | 29,482 |  | $ | — |  | $ | 78,398 |  |
| Noncurrent investments            | 1,081 |  | 90 |  | 757 |  | 48 |  | 157 |  | 8,781 |  | 2,711 |  | — |  | 13,625 |  |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Operating income (loss) and income (loss) before income taxes were reduced by $12 million for Eurasia and Africa, $75 million for North America, $34 million for Bottling Investments and $20 million for Corporate due to the Company's productivity and reinvestment program as well as other restructuring initiatives. Operating income (loss) and income (loss) before income taxes were increased by $11 million for Europe and $5 million for Asia Pacific due to the refinement of previously established accruals related to the Company's productivity and reinvestment program. Refer to Note 10 and Note 11 for additional information on each of the Company's productivity, restructuring and integration initiatives. |

|         |                                                                                                                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Income (loss) before income taxes was reduced by $1 million for Europe and $72 million for Bottling Investments due to the Company's proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 10. |

|         |                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Income (loss) before income taxes was reduced by $21 million for North America due to the refranchising of certain territories in North America. Refer to Note 2 and Note 10. |

|         |                                                                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Income (loss) before income taxes was reduced by $320 million for Corporate due to charges the Company recognized on the early extinguishment of debt. Refer to Note 6 and Note 10. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Income (loss) before income taxes was reduced by $33 million for Latin America and $102 million for Corporate due to the remeasurement of the net monetary assets of our local Venezuelan subsidiary into U.S. dollars using the SIMADI exchange rate, an impairment of a Venezuelan trademark, and a write-down the Company recorded on receivables from our bottling partner in Venezuela. Refer to Note 1 and Note 10. |

|         |                                                                                                                                                                                                                                                                                    |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Income (loss) before income taxes was reduced by $19 million for Corporate as a result of the remeasurement of our previously held equity interest in a South African bottler to fair value upon our acquisition of the bottling operations. Refer to Note 2 and Note 10. |

|         |                                                                                                                                                                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Income (loss) before income taxes was reduced by $6 million for Corporate as a result of a Brazilian bottling entity's majority interest owners exercising their option to acquire from us an additional equity interest at an exercise price less than that of our carrying value. Refer to Note 2 and Note 10. |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                               |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Operating income (loss) and income (loss) before income taxes were reduced by $75 million for North America, $7 million for Asia Pacific, $42 million for Bottling Investments and $4 million for Corporate due to the Company's productivity and reinvestment program as well as other restructuring initiatives. Refer to Note 10 and Note 11. |

|         |                                                                                                                                                                                                                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Income (loss) before income taxes was reduced by $21 million for Bottling Investments and $226 million for Corporate due to the devaluation of the Venezuelan bolivar, including our proportionate share of the charge incurred by an equity method investee that has operations in Venezuela. Refer to Note 1 and Note 10. |

|         |                                                                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Income (loss) before income taxes was reduced by $6 million for Bottling Investments due to the Company's proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 10. |

----

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |
| April 3, 2015                          | FairValue |  | CarryingValue |  | Difference |  |
| Coca-Cola FEMSA, S.A.B. de C.V.        | $ | 4,719 |  | $ | 2,113 |  | $ | 2,606 |  |
| Coca-Cola Amatil Limited                    | 1,853 |  | 690 |  | 1,163 |  |
| Coca-Cola HBC AG                            | 1,675 |  | 1,223 |  | 452 |  |
| Coca-Cola İçecek A.Ş.        | 891 |  | 216 |  | 675 |  |
| Coca-Cola East Japan Bottling Company, Ltd. | 826 |  | 452 |  | 374 |  |
| Embotelladora Andina S.A.                   | 338 |  | 305 |  | 33 |  |
| Corporación Lindley S.A                | 174 |  | 97 |  | 77 |  |
| Coca-Cola Bottling Co. Consolidated    | 284 |  | 91 |  | 193 |  |
| Total                                       | $ | 10,760 |  | $ | 5,187 |  | $ | 5,573 |  |

----

----

----

|                           |
|---------------------------|
|                           |  |  |  |  |  |
|                      | Percent Change 2015 versus 2014 |   |
|                      | Unit Cases1,2,3 |  | ConcentrateSales4 |  |   |
| Worldwide                 | 1 | % | 5 | % |   |
| Eurasia & Africa | 4 | % | 4 | % |   |
| Europe                    | 1 |  | 5 |  |   |
| Latin America             | — |  | 7 |  |   |
| North America             | — |  | 7 |  | 5  |
| Asia Pacific              | 3 |  | 3 |  |   |
| Bottling Investments      | 4 |  | N/A |  |   |

|         |                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------|
| 5  | After considering the impact of structural changes, North America concentrate sales volume grew 8 percent. |

----

----

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |  |  |
|                      | Percent Change 2015 versus 2014 |
|                      | Volume1 |  | Acquisitions & Divestitures |  | Price, Product &Geographic Mix |  | CurrencyFluctuations |  | Total |  |
| Consolidated              | 5% |  | (1 | )% | 3 | % | (6 | )% | 1% |  |
| Eurasia & Africa | 4 | % | —% |  | 3 | % | (10 | )% | (3 | )% |
| Europe                    | 5 |  | — |  | — |  | (11 | ) | (6 | ) |
| Latin America             | 7 |  | — |  | 4 |  | (15 | ) | (4 | ) |
| North America             | 8 |  | (3 | ) | 2 |  | (1 | ) | 6 |  |
| Asia Pacific              | 3 |  | — |  | 3 |  | (8 | ) | (2 | ) |
| Bottling Investments      | 11 |  | — |  | (2 | ) | (9 | ) | — |  |
| Corporate                 | * |  | * |  | * |  | * |  | * |  |

|   |                                |
|---|--------------------------------|
| * | Calculation is not meaningful. |

|         |                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Eurasia and Africa — favorable price mix in the majority of the segment's business units partially offset by unfavorable geographic mix; |

|         |                                                                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Latin America — favorable price mix in the majority of the segment's business units and the impact of inflationary environments in several markets; |

|         |                                                                                                          |
|---------|----------------------------------------------------------------------------------------------------------|
| • | North America — favorably impacted as a result of price increases and product and package mix; and |

|         |                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------|
| • | Asia Pacific — favorable price mix in all of the segment's business units partially offset by unfavorable geographic mix. |

----

|                                                    |
|----------------------------------------------------|
|                                                    |  |  |  |  |  |  |
|                                               | Three Months Ended |
|                                               | April 3, 2015 |  | March 28, 2014 |  |
| Stock-based compensation expense                   | $ | 60 |  | $ | 39 |  |
| Advertising expenses                               | 907 |  | 707 |  |
| Selling and distribution expenses1                 | 1,524 |  | 1,529 |  |
| Other operating expenses                           | 1,588 |  | 1,714 |  |
| Total selling, general and administrative expenses | $ | 4,079 |  | $ | 3,989 |  |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |
|                          | Three Months Ended |
|                          | April 3, 2015 |  | March 28, 2014 |  |
| Eurasia & Africa     | $ | 12 |  | $ | — |  |
| Europe                        | (11 | ) | — |  |
| Latin America                 | 33 |  | — |  |
| North America                 | 75 |  | 75 |  |
| Asia Pacific                  | (4 | ) | 7 |  |
| Bottling Investments          | 33 |  | 42 |  |
| Corporate                     | 95 |  | 4 |  |
| Total other operating charges | $ | 233 |  | $ | 128 |  |

----

|                           |
|---------------------------|
|                           |  |  |  |  |
|                      | Three Months Ended |
|                      | April 3, 2015 |  | March 28, 2014 |  |
| Eurasia & Africa | 12.2 | % | 12.7 | % |
| Europe                    | 31.2 |  | 30.3 |  |
| Latin America             | 25.2 |  | 28.2 |  |
| North America             | 22.2 |  | 18.0 |  |
| Asia Pacific              | 23.7 |  | 23.4 |  |
| Bottling Investments      | 0.6 |  | (1.1 | ) |
| Corporate                 | (15.1 | ) | (11.5 | ) |
| Total                     | 100.0 | % | 100.0 | % |

|                           |
|---------------------------|
|                           |  |  |  |  |
|                      | Three Months Ended |
|                      | April 3, 2015 |  | March 28, 2014 |  |
| Consolidated              | 21.4 | % | 22.5 | % |
| Eurasia & Africa | 43.9 | % | 46.0 | % |
| Europe                    | 67.0 |  | 63.4 |  |
| Latin America             | 55.2 |  | 61.1 |  |
| North America             | 10.0 |  | 8.9 |  |
| Asia Pacific              | 47.1 |  | 46.0 |  |
| Bottling Investments      | 0.8 |  | (1.6 | ) |
| Corporate                 | * |  | * |  |

|   |                                |
|---|--------------------------------|
| * | Calculation is not meaningful. |

----

----

----

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |
|                                                          | Three Months Ended |   |
|                                                          | April 3, 2015 |  |   | March 28, 2014 |  |   |
| Productivity and reinvestment program                         | $ | (42 | ) | 1  | $ | (32 | ) | 1  |
| Other productivity, integration and restructuring initiatives | — |  | 2  | — |  | 2  |
| Transaction gains and losses                                  | (10 | ) | 3  | — |  |  |
| Certain tax matters                                           | (16 | ) | 4  | 5 |  | 4  |
| Other — net                                        | (130 | ) | 5  | 5 |  | 6  |

|         |                                                                                                                                                                                                                                                                                                              |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1  | Related to charges of $90 million and $86 million during the three months ended April 3, 2015 and March 28, 2014, respectively. These charges were due to the Company's productivity and reinvestment program. Refer to Note 10 and Note 11 of Notes to Condensed Consolidated Financial Statements. |

|         |                                                                                                                                                                                                                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2  | Related to charges of $35 million and $42 million during the three months ended April 3, 2015 and March 28, 2014, respectively. These charges were due to the integration of our German bottling and distribution operations. Refer to Note 10 and Note 11 of Notes to Condensed Consolidated Financial Statements. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3  | Related to charges of $46 million that consisted of $21 million of charges due to the refranchising of certain territories in North America, a $6 million additional charge related to the sale of a portion of our equity investment in a Brazilian bottling entity, and a $19 million charge related to the remeasurement of our equity interest in the South African bottler to fair value. Refer to Note 2 and Note 10 of Notes to Condensed Consolidated Financial Statements. |

|         |                                                                                                                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4  | Primarily related to amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties. The components of the net change in uncertain tax positions were individually insignificant. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5  | Related to charges of $528 million that consisted of $320 million associated with the early extinguishment of long-term debt, $27 million due to the remeasurement of the net monetary assets of our Venezeulan subsidiary into U.S. dollars using the SIMADI exchange rate, $108 million due to the write-down we recorded related to receivables from our bottling partner in Venezuela and an impairment of a Venezuelan trademark, and $73 million due to our proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 1 and Note 10 of Notes to Condensed Consolidated Financial Statements. |

|         |                                                                                                                                                                                                                                                                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6  | Related to charges of $253 million that consisted of $247 million due to the devaluation of the Venezuelan bolivar and $6 million due to our proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 1 and Note 10 of Notes to Condensed Consolidated Financial Statements. |

----

----

|         |                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | €2,000 million total principal amount of notes due March 9, 2017, at a variable interest rate equal to the three-month Euro Interbank Offered Rate ("EURIBOR") plus 0.15 percent; |

|         |                                                                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | €2,000 million total principal amount of notes due September 9, 2019, at a variable interest rate equal to the three-month EURIBOR plus 0.23 percent; |

|         |                                                                                                                       |
|---------|-----------------------------------------------------------------------------------------------------------------------|
| • | €1,500 million total principal amount of notes due March 9, 2023, at a fixed interest rate of 0.75 percent; |

|         |                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------|
| • | €1,500 million total principal amount of notes due March 9, 2027, at a fixed interest rate of 1.125 percent; and |

|         |                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------|
| • | €1,500 million total principal amount of notes due March 9, 2035, at a fixed interest rate of 1.625 percent. |

|         |                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------|
| • | $1,148 million total principal amount of notes due November 15, 2017, at a fixed interest rate of 5.35 percent; and |

|         |                                                                                                                      |
|---------|----------------------------------------------------------------------------------------------------------------------|
| • | $891 million total principal amount of notes due March 15, 2019, at a fixed interest rate of 4.875 percent. |

----

----

----

|                                                                           |
|---------------------------------------------------------------------------|
|                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                      | April 3, 2015 |  | December 31, 2014 |  | Increase(Decrease) |  |   | PercentChange |  |
| Cash and cash equivalents                                                 | $ | 8,211 |  | $ | 8,958 |  | $ | (747 | ) |   | (8 | )% |
| Short-term investments                                                    | 8,366 |  | 9,052 |  | (686 | ) |   | (8 | ) |
| Marketable securities                                                     | 3,472 |  | 3,665 |  | (193 | ) |   | (5 | ) |
| Trade accounts receivable — net                                | 4,461 |  | 4,466 |  | (5 | ) |   | — |  |
| Inventories                                                               | 3,219 |  | 3,100 |  | 119 |  |   | 4 |  |
| Prepaid expenses and other assets                                         | 3,605 |  | 3,066 |  | 539 |  |   | 18 |  |
| Assets held for sale                                                      | 785 |  | 679 |  | 106 |  |   | 16 |  |
| Equity method investments                                                 | 9,851 |  | 9,947 |  | (96 | ) |   | (1 | ) |
| Other investments                                                    | 4,044 |  | 3,678 |  | 366 |  |   | 10 |  |
| Other assets                                                              | 4,602 |  | 4,407 |  | 195 |  |   | 4 |  |
| Property, plant and equipment — net                            | 14,346 |  | 14,633 |  | (287 | ) |   | (2 | ) |
| Trademarks with indefinite lives                                          | 6,424 |  | 6,533 |  | (109 | ) |   | (2 | ) |
| Bottlers' franchise rights with indefinite lives | 6,620 |  | 6,689 |  | (69 | ) |   | (1 | ) |
| Goodwill                                                                  | 11,993 |  | 12,100 |  | (107 | ) |   | (1 | ) |
| Other intangible assets                                                   | 1,017 |  | 1,050 |  | (33 | ) |   | (3 | ) |
| Total assets                                                              | $ | 91,016 |  | $ | 92,023 |  | $ | (1,007 | ) |   | (1 | )% |
| Accounts payable and accrued expenses                                     | $ | 8,853 |  | $ | 9,234 |  | $ | (381 | ) |   | (4 | )% |
| Loans and notes payable                                                   | 14,383 |  | 19,130 |  | (4,747 | ) |   | (25 | ) |
| Current maturities of long-term debt                                      | 2,040 |  | 3,552 |  | (1,512 | ) |   | (43 | ) |
| Accrued income taxes                                                      | 689 |  | 400 |  | 289 |  |   | 72 |  |
| Liabilities held for sale                                                 | 158 |  | 58 |  | 100 |  |   | 172 |  |
| Long-term debt                                                            | 26,087 |  | 19,063 |  | 7,024 |  |   | 37 |  |
| Other liabilities                                                         | 4,296 |  | 4,389 |  | (93 | ) |   | (2 | ) |
| Deferred income taxes                                                     | 5,432 |  | 5,636 |  | (204 | ) |   | (4 | ) |
| Total liabilities                                                         | $ | 61,938 |  | $ | 61,462 |  | $ | 476 |  |   | 1 |  % |
| Net assets                                                                | $ | 29,078 |  | $ | 30,561 |  | $ | (1,483 | ) | 1  | (5 | )% |

|         |                                                                                                                                                                                                                                                                                                             |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Cash and cash equivalents and short-term investments decreased $1,433 million. This decrease reflects the Company's overall cash management strategy. A majority of the Company's consolidated cash and cash equivalents, short-term investments and marketable securities is held by foreign subsidiaries. |

|         |                                                                                                                                                                                                                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Prepaid expenses and other assets increased $539 million. This increase is primarily due to advance payments made to customers and the increase in the fair value of hedging instruments. Refer to Note 5 of Notes to Condensed Consolidated Financial Statements for additional information on these instruments. |

|         |                                                                                                                                                                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Other investments increased $366 million, primarily due to the Company's additional investment in Keurig, which is accounted for as an available-for-sale security. Refer to Note 2 of Notes to Condensed Consolidated Financial Statements for additional information on this investment. |

|         |                                                                                                                                                                                                                                                                                                          |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Loans and notes payable decreased $4,747 million and current maturities of long-term debt decreased $1,512 million, primarily due to the payments related to commercial paper and the retirement of $1,500 million of long-term debt during the three months ended April 3, 2015. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Long-term debt increased $7,024 million, primarily due to the issuances of the Company's euro-denominated debt, partially offset by the early extinguishment of debt during the three months ended April 3, 2015. Refer to the heading "Cash Flows from Financing Activities" above and Note 6 of Notes to Condensed Consolidated Financial Statements for additional information. |

----

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |
| Period                                      | Total Numberof SharesPurchased1 |  | AveragePrice PaidPer Share |  | Total Numberof SharesPurchased asPart of thePubliclyAnnouncedPlan2 |  | MaximumNumber ofShares That MayYet BePurchased Underthe PubliclyAnnouncedPlan |  |
| January 1, 2015, through January 30, 2015   | 2,600,058 |  | $ | 42.71 |  | 2,600,000 |  | 320,925,322 |  |
| January 31, 2015, through February 27, 2015 | 2,995,116 |  | $ | 41.97 |  | 2,970,000 |  | 317,955,322 |  |
| February 28, 2015, through April 3, 2015    | 10,528,129 |  | $ | 40.92 |  | 10,388,214 |  | 307,567,108 |  |
| Total                                       | 16,123,303 |  | $ | 41.41 |  | 15,958,214 |  |   |  |

----

|         |                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | should not in all instances be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate; |

|         |                                                                                                                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | may have been qualified by disclosures that were made to the other party in connection with the negotiation of the applicable agreement, which disclosures are not necessarily reflected in the agreement; |

|         |                                                                                                                                  |
|---------|----------------------------------------------------------------------------------------------------------------------------------|
| • | may apply standards of materiality in a way that is different from what may be viewed as material to you or other investors; and |

|         |                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement and are subject to more recent developments. |

----

|                                                                                                                                                                                                                                  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                  |  |
| Exhibit No.                                                                                                                                                                                                                      |
| (With regard to applicable cross-references in the list of exhibits below, the Company's Current, Quarterly and Annual Reports are filed with the Securities and Exchange Commission (the "SEC") under File No. 001-02217.) |
| 3.1                                                                                                                                                                                                                              | Certificate of Incorporation of the Company, including Amendment of Certificate of Incorporation, dated July 27, 2012 — incorporated herein by reference to Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended September 28, 2012. |
| 3.2                                                                                                                                                                                                                              | By-Laws of the Company, as amended and restated through April 25, 2013 — incorporated herein by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K filed April 26, 2013. |
| 4.1                                                                                                                                                                                                                              | As permitted by the rules of the SEC, the Company has not filed certain instruments defining the rights of holders of long-term debt of the Company or consolidated subsidiaries under which the total amount of securities authorized does not exceed 10 percent of the total assets of the Company and its consolidated subsidiaries. The Company agrees to furnish to the SEC, upon request, a copy of any omitted instrument. |
| 4.2                                                                                                                                                                                                                              | Amended and Restated Indenture, dated as of April 26, 1988, between the Company and Deutsche Bank Trust Company Americas, as successor to Bankers Trust Company, as trustee — incorporated herein by reference to Exhibit 4.1 to the Company's Registration Statement on Form S-3 (Registration No. 33-50743) filed on October 25, 1993. |
| 4.3                                                                                                                                                                                                                              | First Supplemental Indenture, dated as of February 24, 1992, to Amended and Restated Indenture, dated as of April 26, 1988, between the Company and Deutsche Bank Trust Company Americas, as successor to Bankers Trust Company, as trustee — incorporated herein by reference to Exhibit 4.2 to the Company's Registration Statement on Form S-3 (Registration No. 33-50743) filed on October 25, 1993. |
| 4.4                                                                                                                                                                                                                              | Second Supplemental Indenture, dated as of November 1, 2007, to Amended and Restated Indenture, dated as of April 26, 1988, as amended, between the Company and Deutsche Bank Trust Company Americas, as successor to Bankers Trust Company, as trustee — incorporated herein by reference to Exhibit 4.3 of the Company's Current Report on Form 8-K filed on March 5, 2009. |
| 4.5                                                                                                                                                                                                                              | Form of Note for 5.350% Notes due November 15, 2017 — incorporated herein by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed October 31, 2007. |
| 4.6                                                                                                                                                                                                                              | Form of Note for 4.875% Notes due March 15, 2019 — incorporated herein by reference to Exhibit 4.5 to the Company's Current Report on Form 8-K filed on March 5, 2009. |
| 4.7                                                                                                                                                                                                                              | Form of Note for 1.500% Notes due November 15, 2015 — incorporated herein by reference to Exhibit 4.6 to the Company's Current Report on Form 8-K filed November 18, 2010. |
| 4.8                                                                                                                                                                                                                              | Form of Note for 3.150% Notes due November 15, 2020 — incorporated herein by reference to Exhibit 4.7 to the Company's Current Report on Form 8-K filed November 18, 2010. |
| 4.9                                                                                                                                                                                                                              | Form of Exchange and Registration Rights Agreement among the Company, the representatives of the initial purchasers of the Notes and the other parties named therein — incorporated herein by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed August 8, 2011. |
| 4.10                                                                                                                                                                                                                             | Form of Note for 1.80% Notes due September 1, 2016 — incorporated herein by reference to Exhibit 4.13 to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2011. |
| 4.11                                                                                                                                                                                                                             | Form of Note for 3.30% Notes due September 1, 2021 — incorporated herein by reference to Exhibit 4.14 to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2011. |
| 4.12                                                                                                                                                                                                                             | Form of Note for 1.650% Notes due March 14, 2018 — incorporated herein by reference to Exhibit 4.6 to the Company's Current Report on Form 8-K filed on March 14, 2012. |
| 4.13                                                                                                                                                                                                                             | Form of Note for 1.150% Notes due 2018 — incorporated herein by reference to Exhibit 4.5 to the Company's Current Report on Form 8-K filed March 5, 2013. |
| 4.14                                                                                                                                                                                                                             | Form of Note for 2.500% Notes due 2023 — incorporated herein by reference to Exhibit 4.6 to the Company's Current Report on Form 8-K filed March 5, 2013. |
| 4.15                                                                                                                                                                                                                             | Form of Note for Floating Rate Notes due 2016 — incorporated herein by reference to Exhibit 4.4 to the Company's Current Report on Form 8-K filed on November 1, 2013. |
| 4.16                                                                                                                                                                                                                             | Form of Note for 0.750% Notes due 2016 — incorporated herein by reference to Exhibit 4.5 to the Company's Current Report on Form 8-K filed on November 1, 2013. |
| 4.17                                                                                                                                                                                                                             | Form of Note for 1.650% Notes due 2018 — incorporated herein by reference to Exhibit 4.6 to the Company's Current Report on Form 8-K filed on November 1, 2013. |
| 4.18                                                                                                                                                                                                                             | Form of Note for 2.450% Notes due 2020 — incorporated herein by reference to Exhibit 4.7 to the Company's Current Report on Form 8-K filed on November 1, 2013. |
| 4.19                                                                                                                                                                                                                             | Form of Note for 3.200% Notes due 2023 — incorporated herein by reference to Exhibit 4.8 to the Company's Current Report on Form 8-K filed on November 1, 2013. |
| 4.20                                                                                                                                                                                                                             | Form of Note for Floating Rate Notes due 2015 — incorporated herein by reference to Exhibit 4.4 to the Company's Current Report on Form 8-K filed on March 7, 2014. |

----

|      |
|------|
|      |  |
| 4.21 | Form of Note for 1.125% Notes due 2022 — incorporated herein by reference to Exhibit 4.4 to the Company's Registration Statement on Form 8-A filed on September 19, 2014. |
| 4.22 | Form of Note for 1.875% Notes due 2026 — incorporated herein by reference to Exhibit 4.5 to the Company's Registration Statement on Form 8-A filed on September 19, 2014. |
| 4.23 | Form of Note for Floating Rate Notes due 2017 — incorporated herein by reference to Exhibit 4.4 to the Company's Registration Statement on Form 8-A filed on March 6, 2015. |
| 4.24 | Form of Note for Floating Rate Notes due 2019 — incorporated herein by reference to Exhibit 4.5 to the Company's Registration Statement on Form 8-A filed on March 6, 2015. |
| 4.25 | Form of Note for 0.75% Notes due 2023 — incorporated herein by reference to Exhibit 4.6 to the Company's Registration Statement on Form 8-A filed on March 6, 2015. |
| 4.26 | Form of Note for 1.125% Notes due 2027 — incorporated herein by reference to Exhibit 4.7 to the Company's Registration Statement on Form 8-A filed on March 6, 2015. |
| 4.27 | Form of Note for 1.625% Notes due 2035 — incorporated herein by reference to Exhibit 4.8 to the Company's Registration Statement on Form 8-A filed on March 6, 2015. |
| 10.1 | Form of Performance Share Agreement for grants under the 2014 Equity Plan, as adopted February 18, 2015 — incorporated herein by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on February 18, 2015. |
| 10.2 | Form of Performance Share Agreement — Alternate for grants under the 2014 Equity Plan, as adopted February 1, 2015 — incorporated herein by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K filed on February 18, 2015. |
| 10.3 | Form of Stock Option Agreement for grants under the 2014 Equity Plan, as adopted February 18, 2015  — incorporated herein by reference to Exhibit 10.3 to the Company's Current Report on Form 8-K filed on February 18, 2015. |
| 10.4 | Form of Restricted Stock Unit Agreement for grants under the 2014 Equity Plan, as adopted February 18, 2015  — incorporated herein by reference to Exhibit 10.4 to the Company's Current Report on Form 8-K filed on February 18, 2015. |
| 10.5 | Letter dated February 12, 2015, from the Company to Ed Hays. |
| 12.1 | Computation of Ratios of Earnings to Fixed Charges. |
| 31.1 | Rule 13a-14(a)/15d-14(a) Certification, executed by Muhtar Kent, Chairman of the Board of Directors, Chief Executive Officer and President of The Coca-Cola Company. |
| 31.2 | Rule 13a-14(a)/15d-14(a) Certification, executed by Kathy N. Waller, Executive Vice President and Chief Financial Officer of The Coca-Cola Company. |
| 32.1 | Certifications required by Rule 13a-14(b) or Rule 15d-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. Section 1350), executed by Muhtar Kent, Chairman of the Board of Directors, Chief Executive Officer and President of The Coca-Cola Company, and by Kathy N. Waller, Executive Vice President and Chief Financial Officer of The Coca-Cola Company. |
| 101  | The following financial information from The Coca-Cola Company's Quarterly Report on Form 10-Q for the quarter ended April 3, 2015, formatted in XBRL (eXtensible Business Reporting Language): (i) Condensed Consolidated Statements of Income for the three months ended April 3, 2015 and March 28, 2014, (ii) Condensed Consolidated Statements of Comprehensive Income for the three months ended April 3, 2015 and March 28, 2014, (iii) Condensed Consolidated Balance Sheets as of April 3, 2015 and December 31, 2014, (iv) Condensed Consolidated Statements of Cash Flows for the three months ended April 3, 2015 and March 28, 2014, and (v) Notes to Condensed Consolidated Financial Statements. |

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|   |   | THE COCA-COLA COMPANY(REGISTRANT) |
|   |   |   |
|   |   | /s/ LARRY M. MARK |
| Date:  | April 30, 2015 | Larry M. MarkVice President and Controller(As Principal Accounting Officer) |
|   |   |   |
|   |   | /s/ MARK RANDAZZA |
| Date:  | April 30, 2015 | Mark RandazzaVice President and Assistant Controller(On behalf of the Registrant) |

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| Exhibit No.                                                                                                                                                                                                                      |
| (With regard to applicable cross-references in the list of exhibits below, the Company's Current, Quarterly and Annual Reports are filed with the Securities and Exchange Commission (the "SEC") under File No. 001-02217.) |
| 3.1                                                                                                                                                                                                                              | Certificate of Incorporation of the Company, including Amendment of Certificate of Incorporation, dated July 27, 2012 — incorporated herein by reference to Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended September 28, 2012. |
| 3.2                                                                                                                                                                                                                              | By-Laws of the Company, as amended and restated through April 25, 2013 — incorporated herein by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K filed April 26, 2013. |
| 4.1                                                                                                                                                                                                                              | As permitted by the rules of the SEC, the Company has not filed certain instruments defining the rights of holders of long-term debt of the Company or consolidated subsidiaries under which the total amount of securities authorized does not exceed 10 percent of the total assets of the Company and its consolidated subsidiaries. The Company agrees to furnish to the SEC, upon request, a copy of any omitted instrument. |
| 4.2                                                                                                                                                                                                                              | Amended and Restated Indenture, dated as of April 26, 1988, between the Company and Deutsche Bank Trust Company Americas, as successor to Bankers Trust Company, as trustee — incorporated herein by reference to Exhibit 4.1 to the Company's Registration Statement on Form S-3 (Registration No. 33-50743) filed on October 25, 1993. |
| 4.3                                                                                                                                                                                                                              | First Supplemental Indenture, dated as of February 24, 1992, to Amended and Restated Indenture, dated as of April 26, 1988, between the Company and Deutsche Bank Trust Company Americas, as successor to Bankers Trust Company, as trustee — incorporated herein by reference to Exhibit 4.2 to the Company's Registration Statement on Form S-3 (Registration No. 33-50743) filed on October 25, 1993. |
| 4.4                                                                                                                                                                                                                              | Second Supplemental Indenture, dated as of November 1, 2007, to Amended and Restated Indenture, dated as of April 26, 1988, as amended, between the Company and Deutsche Bank Trust Company Americas, as successor to Bankers Trust Company, as trustee — incorporated herein by reference to Exhibit 4.3 of the Company's Current Report on Form 8-K filed on March 5, 2009. |
| 4.5                                                                                                                                                                                                                              | Form of Note for 5.350% Notes due November 15, 2017 — incorporated herein by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed October 31, 2007. |
| 4.6                                                                                                                                                                                                                              | Form of Note for 4.875% Notes due March 15, 2019 — incorporated herein by reference to Exhibit 4.5 to the Company's Current Report on Form 8-K filed on March 5, 2009. |
| 4.7                                                                                                                                                                                                                              | Form of Note for 1.500% Notes due November 15, 2015 — incorporated herein by reference to Exhibit 4.6 to the Company's Current Report on Form 8-K filed November 18, 2010. |
| 4.8                                                                                                                                                                                                                              | Form of Note for 3.150% Notes due November 15, 2020 — incorporated herein by reference to Exhibit 4.7 to the Company's Current Report on Form 8-K filed November 18, 2010. |
| 4.9                                                                                                                                                                                                                              | Form of Exchange and Registration Rights Agreement among the Company, the representatives of the initial purchasers of the Notes and the other parties named therein — incorporated herein by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed August 8, 2011. |
| 4.10                                                                                                                                                                                                                             | Form of Note for 1.80% Notes due September 1, 2016 — incorporated herein by reference to Exhibit 4.13 to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2011. |
| 4.11                                                                                                                                                                                                                             | Form of Note for 3.30% Notes due September 1, 2021 — incorporated herein by reference to Exhibit 4.14 to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2011. |
| 4.12                                                                                                                                                                                                                             | Form of Note for 1.650% Notes due March 14, 2018 — incorporated herein by reference to Exhibit 4.6 to the Company's Current Report on Form 8-K filed on March 14, 2012. |
| 4.13                                                                                                                                                                                                                             | Form of Note for 1.150% Notes due 2018 — incorporated herein by reference to Exhibit 4.5 to the Company's Current Report on Form 8-K filed March 5, 2013. |
| 4.14                                                                                                                                                                                                                             | Form of Note for 2.500% Notes due 2023 — incorporated herein by reference to Exhibit 4.6 to the Company's Current Report on Form 8-K filed March 5, 2013. |
| 4.15                                                                                                                                                                                                                             | Form of Note for Floating Rate Notes due 2016 — incorporated herein by reference to Exhibit 4.4 to the Company's Current Report on Form 8-K filed on November 1, 2013. |
| 4.16                                                                                                                                                                                                                             | Form of Note for 0.750% Notes due 2016 — incorporated herein by reference to Exhibit 4.5 to the Company's Current Report on Form 8-K filed on November 1, 2013. |
| 4.17                                                                                                                                                                                                                             | Form of Note for 1.650% Notes due 2018 — incorporated herein by reference to Exhibit 4.6 to the Company's Current Report on Form 8-K filed on November 1, 2013. |
| 4.18                                                                                                                                                                                                                             | Form of Note for 2.450% Notes due 2020 — incorporated herein by reference to Exhibit 4.7 to the Company's Current Report on Form 8-K filed on November 1, 2013. |
| 4.19                                                                                                                                                                                                                             | Form of Note for 3.200% Notes due 2023 — incorporated herein by reference to Exhibit 4.8 to the Company's Current Report on Form 8-K filed on November 1, 2013. |

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| 4.20 | Form of Note for Floating Rate Notes due 2015 — incorporated herein by reference to Exhibit 4.4 to the Company's Current Report on Form 8-K filed on March 7, 2014. |
| 4.21 | Form of Note for 1.125% Notes due 2022 — incorporated herein by reference to Exhibit 4.4 to the Company's Registration Statement on Form 8-A filed on September 19, 2014. |
| 4.22 | Form of Note for 1.875% Notes due 2026 — incorporated herein by reference to Exhibit 4.5 to the Company's Registration Statement on Form 8-A filed on September 19, 2014. |
| 4.23 | Form of Note for Floating Rate Notes due 2017 — incorporated herein by reference to Exhibit 4.4 to the Company's Registration Statement on Form 8-A filed on March 6, 2015. |
| 4.24 | Form of Note for Floating Rate Notes due 2019 — incorporated herein by reference to Exhibit 4.5 to the Company's Registration Statement on Form 8-A filed on March 6, 2015. |
| 4.25 | Form of Note for 0.75% Notes due 2023 — incorporated herein by reference to Exhibit 4.6 to the Company's Registration Statement on Form 8-A filed on March 6, 2015. |
| 4.26 | Form of Note for 1.125% Notes due 2027 — incorporated herein by reference to Exhibit 4.7 to the Company's Registration Statement on Form 8-A filed on March 6, 2015. |
| 4.27 | Form of Note for 1.625% Notes due 2035 — incorporated herein by reference to Exhibit 4.8 to the Company's Registration Statement on Form 8-A filed on March 6, 2015. |
| 10.1 | Form of Performance Share Agreement for grants under the 2014 Equity Plan, as adopted February 18, 2015 — incorporated herein by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on February 18, 2015. |
| 10.2 | Form of Performance Share Agreement — Alternate for grants under the 2014 Equity Plan, as adopted February 1, 2015 — incorporated herein by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K filed on February 18, 2015. |
| 10.3 | Form of Stock Option Agreement for grants under the 2014 Equity Plan, as adopted February 18, 2015  — incorporated herein by reference to Exhibit 10.3 to the Company's Current Report on Form 8-K filed on February 18, 2015. |
| 10.4 | Form of Restricted Stock Unit Agreement for grants under the 2014 Equity Plan, as adopted February 18, 2015  — incorporated herein by reference to Exhibit 10.4 to the Company's Current Report on Form 8-K filed on February 18, 2015. |
| 10.5 | Letter dated February 12, 2015, from the Company to Ed Hays. |
| 12.1 | Computation of Ratios of Earnings to Fixed Charges. |
| 31.1 | Rule 13a-14(a)/15d-14(a) Certification, executed by Muhtar Kent, Chairman of the Board of Directors, Chief Executive Officer and President of The Coca-Cola Company. |
| 31.2 | Rule 13a-14(a)/15d-14(a) Certification, executed by Kathy N. Waller, Executive Vice President and Chief Financial Officer of The Coca-Cola Company. |
| 32.1 | Certifications required by Rule 13a-14(b) or Rule 15d-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. Section 1350), executed by Muhtar Kent, Chairman of the Board of Directors, Chief Executive Officer and President of The Coca-Cola Company, and by Kathy N. Waller, Executive Vice President and Chief Financial Officer of The Coca-Cola Company. |
| 101  | The following financial information from The Coca-Cola Company's Quarterly Report on Form 10-Q for the quarter ended April 3, 2015, formatted in XBRL (eXtensible Business Reporting Language): (i) Condensed Consolidated Statements of Income for the three months ended April 3, 2015 and March 28, 2014, (ii) Condensed Consolidated Statements of Comprehensive Income for the three months ended April 3, 2015 and March 28, 2014, (iii) Condensed Consolidated Balance Sheets as of April 3, 2015 and December 31, 2014, (iv) Condensed Consolidated Statements of Cash Flows for the three months ended April 3, 2015 and March 28, 2014, and (v) Notes to Condensed Consolidated Financial Statements. |