Faster, stronger, better. Annual report 2019 creating more smiles with every sip

Results of Operations — Division Review
During the fourth quarter of 2019, we realigned certain of our reportable segments to be consistent with a 
recent strategic realignment of our organizational structure and how our Chief Executive Officer assesses the 
performance of, and allocates resources to, our reportable segments. Our historical segment reporting 
presented in this report has been retrospectively revised to reflect the new organizational structure. See “Our 
Operations” in “Item 1. Business” for further information. 
See “Non-GAAP Measures” and “Items Affecting Comparability” for a discussion of items to consider when 
evaluating our results and related information regarding measures not in accordance with U.S. Generally 
Accepted Accounting Principles (GAAP).
In the discussions of net revenue and operating profit below, “effective net pricing” reflects the year-over-
year impact of discrete pricing actions, sales incentive activities and mix resulting from selling varying 
products in different package sizes and in different countries, and “net pricing” reflects the year-over-year 
combined impact of list price changes, weight changes per package, discounts and allowances. Additionally, 
“acquisitions and divestitures” reflect all mergers and acquisitions activity, including the impact of 
acquisitions, divestitures and changes in ownership or control in consolidated subsidiaries and 
nonconsolidated equity investees.

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49
Net Revenue and Organic Revenue Growth
Organic revenue growth is a non-GAAP financial measure. For further information on organic revenue 
growth, see “Non-GAAP Measures.”
2019
Impact of
Impact of
Reported 
% Change, 
GAAP 
Measure
Foreign
exchange