Coca Cola Co

Company facts

Industry

Beverages

Headquarters

Atlanta, Georgia

Most recent report

10-Q, filed Jul 29, 2026

Incorporated

Delaware

Filings on record

1,000+ filings

On EDGAR

CIK 21344

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jul 2026 10-Q

SECSift found 3 of 11 sections worth reading, with 2 positive, 7 notable, and 5 negative flags.

• Financial Statements (Item 1)

  Full financials with 6.7% revenue growth, $7.5B operating cash flow, and $6B IRS dispute.
  Notable

  • Africa bottling held for sale: impairment reversed by $66M in Q2, $56M in H1 2026, based on revised estimates.
  • Supply chain finance program obligations rose to $1,431M as of July 3, 2026 from $1,363M at year-end.
  • No commercial paper outstanding as of July 3, 2026, down from $1,495M at year-end 2025.
  • Effective tax rate fell to 18.9% in Q2 2026 from 20.7% a year ago, 16.7% in H1 from 19.4%, helped by discrete items.
  Negative

  • IRS dispute: $6.0B paid, $529M reserve, potential $14B more for 2010-2025. Eleventh Circuit heard June 25, 2026.

• Management's Discussion (Item 2)

  IRS tax litig, BodyArmor impairment, ransomware, strong ops.
  Positive

  • Q2 2026 net revenue $13,380M (+7%), operating income $4,672M (+9%), gross margin 62.9% (up from 62.4%).
  Notable

  • Ransomware event at fairlife disrupted production; company says incident is not material to financials.
  Negative

  • BodyArmor trademark fair value close to carrying; an additional impairment likely if near-term results miss projections.

• Legal Proceedings (Item 1)

  Massive IRS tax dispute with $6B paid; $14B+ more at risk; appeal pending.
  Positive

  • Baltimore environmental lawsuit dismissed entirely by July 23, 2026.
  Notable

  • Eleventh Circuit heard the case on June 25, 2026; no decision yet.
  • Tax reserve rose to $529M as of July 3, 2026, from $520M at April 3, 2026.
  Negative

  • $6.0B total liability paid to IRS for 2007-2009; refund depends on appeal outcome.
  • If IRS wins, company likely faces 'significant additional liabilities' for later years also.
  • Potential incremental $14 billion tax and interest for 2010-2025 if IRS method upheld.

What changed: Jul 2026 vs. Apr 2026

About 14% of KO's Jul 2026 10-Q is new information. 64 paragraphs were added, 160 changed, and 35 removed. Below are the most important lines SECSift identified.

• Item 2 90
• Item 1 74
• Item 6 13
• Item 4 2
• Item 5 1