Coca-Cola to invest $10 billion in U.S. growth through 2030, says CFO

Coca-Cola plans to invest $10 billion in U.S. growth from 2026 to 2030, according to its CFO John Murphy. The beverage giant contributed $85 billion to U.S. GDP in 2025, supporting nearly 1 million American jobs and spending around $37 billion with U.S. suppliers last year. Murphy spoke about the investment during meetings with constituents in Washington, D.C.

The $10 billion investment covers multiple projects, including new or expanded facilities in various U.S. cities such as Rancho Cucamonga, California; Indianapolis, Indiana; and St. Cloud, Minnesota. These capacity expansions are expected to create jobs, although some projects may involve equipment upgrades. The $10 billion figure represents a system-wide investment, not solely Coca-Cola's capital expenditures, as the company operates an asset-light model where bottling partners fund the necessary plants, trucks, and equipment.

Murphy emphasized that the investment aims to drive growth rather than serve as a tariff hedge, as Coca-Cola already keeps 98 cents of every dollar spent on its beverages within the U.S. economy. He expressed pride in the company's role in the U.S. economy and its presence in every state, county, and town, attributing the increase in GDP contribution to business momentum, including growth in Fairlife and Bodyarmor categories.