Investor Overview - Q3 2023

THE COCA-COLA COMPANY AND SUBSIDIARIES Reconciliation of GAAP and Non-GAAP Financial Measures Gross Debt and Net Debt: (UNAUDITED) (In millions except net debt leverage) As of December 31, 2022 Cash and cash equivalents Short-term investments Marketable securities $ 9,519 1,043 1,069 Total cash, cash equivalents, short-term investments and marketable securities (Non-GAAP) $ 11,631 Loans and notes payable $ 2,373 Current maturities of long-term debt 399 Long-term debt 36,377 Gross debt (Non-GAAP) Net debt (Non-GAAP)1 1 Net debt is calculated by subtracting total cash, cash equivalents, short-term investments and marketable securities from gross debt. EBITDA: $ 39,149 $ 27,518 Income before income taxes Less income items: Year Ended December 31, 2022 $ 11,686 Interest income Other income (loss). ― net 449 (262) Add expense items: Interest expense 882 Depreciation and amortization 1,260 Earnings before interest, taxes, depreciation and amortization (EBITDA) (Non-GAAP) $ 13,641 Items impacting comparability 1,470 Comparable EBITDA (Non-GAAP) $ 15,111 Net Debt Leverage: Net debt (Non-GAAP) Comparable EBITDA (Non-GAAP) Net debt leverage (Non-GAAP) 9 As of and Year Ended December 31, 2022 $ 27,518 $ 15,111 1.8

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