The ruling by a U.S. Tax Court judge in Atlanta deternmined the soda giant is liable for $2.7 billion, plus interest, to the IRS. Coca-Cola announced Friday it will pay $6 billion in back taxes and interest after a ruling in a case dating back nearly 20 years with the IRS.

Coca-Cola said it will pay $6 billion in back taxes to the IRS following a federal court decision. The beverage giant said it would continue to fight the decision and believes it will win the legal dispute stemming from taxes and interest the IRS maintains the company owes from 2007, 2008, and 2009.

Coca-Cola said it will pay $6 billion in back taxes to the IRS following a federal court decision. The beverage giant said it would continue to fight the decision and believes it will win the legal dispute stemming from taxes and interest the IRS maintains the company owes from 2007, 2008, and 2009.