8-KOther EventsExhibits & Filings

COCA COLA CO 8-K Report, Corporate Update (Apr 10, 2006)

Filed April 10, 2006For Securities:KO

Summary

The Coca-Cola Company filed an 8-K on April 10, 2006, to disclose changes in its operating structure that became effective January 1, 2006. These changes involve the establishment of a new, dedicated internal organization for its bottling operations. This will result in a new 'Bottling Investments' operating segment, which will be reported alongside the company's six existing geographic operating segments and the Corporate segment, starting with the first quarter of 2006. Previously, the financial results of consolidated bottling operations and the company's share of unconsolidated bottling operations were integrated into the respective geographic segments. This reclassification aims to provide greater clarity and transparency into the performance of the bottling business as a distinct segment. Investors should review the attached Exhibit 99.1 for unaudited, reclassified operating segment data that reflects this new structure.

Key Highlights

  • 1Effective January 1, 2006, Coca-Cola implemented a new operating structure.
  • 2A new 'Bottling Investments' operating segment has been created.
  • 3This new segment will report alongside existing geographic segments and Corporate.
  • 4The change reflects a dedicated internal organization for bottling operations.
  • 5Prior to this, bottling results were embedded within geographic segments.
  • 6Exhibit 99.1 provides unaudited, reclassified operating segment data reflecting the new structure.
  • 7This reclassification aims to improve transparency regarding bottling operations.

Frequently Asked Questions

The main purpose of this 8-K filing is to inform investors about a change in Coca-Cola's operating structure, specifically the creation of a new 'Bottling Investments' operating segment, effective January 1, 2006.

Starting with the first quarter of 2006, the company's financial results will be reported with a distinct 'Bottling Investments' segment, in addition to the existing six geographic segments and Corporate. Previously, bottling operations' results were integrated within the geographic segments.

The filing states that Exhibit 99.1 contains a schedule of unaudited reclassified operating segment data that reflects this new operating structure.

The filing indicates the change was made primarily to establish a new, separate internal organization for its consolidated and unconsolidated bottling operations, likely to provide clearer visibility and analysis of this business segment.