Coca Cola Co

Company facts

Industry

Beverages

Headquarters

Atlanta, Georgia

Most recent report

10-Q, filed Oct 28, 2026

Incorporated

Delaware

Filings on record

1,001+ filings

On EDGAR

CIK 21344

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Oct 2026 10-Q

SECSift found 3 of 11 sections worth reading, with 2 positive, 8 notable, and 4 negative flags.

• Financial Statements (Item 1)

  Financial statements always carry company-specific changes: results, debt, tax dispute, divestitures. Must read.
  Notable

  • Recorded $167M settlement loss and $25M special termination benefits in Q3 2026 for a non-U.S. pension buy-out, hitting other income.
  Negative

  • IRS dispute: $6.0B already paid in Sept 2024, reserve raised to $538M, potential $14B more for 2010-2025 if IRS methodology wins.

• Management's Discussion (Item 2)

  BodyArmor impairment, IRS tax dispute, strong ops results, and segment detail all need attention.
  Positive

  • Operating income up 12% to $4.5B in Q3 2026; operating margin expanded to 33.4% from 32.0%.
  • Net cash from operations surged to $12.5B in 9M 2026 from $3.7B a year ago, helped by fairlife payment timing.
  Notable

  • Worldwide concentrate volume grew 6% in Q3 2026; unit case volume up 5%. Latin America led with 8% concentrate growth.
  • Asia Pacific operating income fell in 9M 2026 despite 10% volume growth, hurt by unfavorable mix and currency.
  • Share repurchases: 10M shares at $78.77 avg in 9M 2026 vs 8M at $67.14 in prior year.
  • Dividends paid rose to $6.8B in 9M 2026 from $4.4B; quarterly dividend set at $0.53 per share.
  Negative

  • BodyArmor trademark impaired by $960M in Q4 2025; remaining value $2.44B at risk if forecasts miss.

• Legal Proceedings (Item 1)

  Huge $6.0B paid and $14B potential tax liability; central risk for the company.
  Notable

  • Eighth Circuit's 3M ruling rejecting IRS's blocked-income regulation supports Coca-Cola's position in its own appeal.
  • Tax reserve increased from $438M (2020) to $538M as of Oct 2, 2026, reflecting ongoing probability analysis and interest accrual.
  • Baltimore plastic packaging lawsuit dismissed, but plaintiff appealed; no damages stated. Company says strong defenses.
  Negative

  • Coca-Cola paid $6.0B to IRS in Sep 2024; could lose most if appeal fails. Deposit recorded as noncurrent asset.
  • Potential additional tax and interest liability for 2010–2025 estimated at $14B as of Dec 31, 2025, if Tax Court methodology is upheld.

What changed: Oct 2026 vs. Jul 2026

About 5% of KO's Oct 2026 10-Q is new information. 20 paragraphs were added, 207 changed, and 44 removed. Below are the most important lines SECSift identified.

• Item 2 96
• Item 1 75
• Item 6 8
• Item 5 2
• Item 4 2