09:41 AM EDT, 08/02/2024 (MT Newswires) -- Coca-Cola said Friday it will appeal the US Tax Court decision in the ongoing case between the company and the Internal Revenue Service.

The court decision reflects a liability of about $2.7 billion that, when accounting for interest, is expected to be roughly $6.0 billion, the company said.

"Coca-Cola strongly believes the IRS and Tax Court misinterpreted and misapplied the applicable regulations involved in the case and will vigorously defend its position on appeal," the company said.

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