In Q1'26, KO's Operating Cash Flow reached $2.02B USD, marking a significant decline from the $5.04B USD peak in Q3'25 but remaining positive compared to the negative $5.20B USD in Q1'25. Free Cash Flow for the same period stood at $1.76B USD, showing a similar downward shift from $4.57B USD in Q3'25 while improving over the $5.50B USD outflow in Q1'25. Over the period from Q2'23 to Q1'26, both Operating and Free Cash Flow exhibit high volatility with alternating positive and negative quarters, including sharp drops to negative values in Q1'24 (-$528M USD operating, -$172M USD free) and Q3'24 (-$1.26B USD operating, -$1.72B USD free), followed by strong recoveries in Q2'24 and Q4'24 exceeding $3B USD each. Notable inflection points include the deepest trough in Q1'25 at around -$5.2B USD for operating cash flow, contrasted by peaks in Q3'25 above $5B USD, suggesting seasonal or operational fluctuations in KO's cash generation amid overall unstable trends.