Coca-Cola Co. plans to deploy $10 billion across its U.S. system from 2026 through 2030, funding new and expanded manufacturing, bottling, distribution, warehouse, office and related infrastructure in California, Colorado, Indiana, Alabama, Michigan, Minnesota, Florida and New York. The figure is not limited to Coca-Cola’s own capital expenditures: President and Chief Financial Officer John Murphy said bottling partners will provide most of the funding under the company’s asset-light model, which leaves physical operations and equipment largely to partners. Murphy said the program is designed to support growth rather than respond to tariffs, noting that 98 cents of every dollar of beverage sales in the Coca-Cola system remains in the U.S. economy. Coca-Cola reported second-quarter revenue of $13.4 billion, up 7% year over year, and adjusted earnings of 97 cents per share. It raised its full-year comparable EPS growth forecast to 9% to 10% from 8% to 9%, while maintaining an organic revenue outlook of about 5%. The company’s U.S. system contributed $85 billion to U.S. GDP in 2025, supported nearly 1 million jobs and transacted about $37 billion with U.S. suppliers, according to an independent study commissioned by Coca-Cola. The Coca-Cola Foundation and Coca-Cola Scholars Foundation donated $177 million to community programs. Coca-Cola also has a $1 billion investment plan in South Africa through 2030.