| Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
As such, we have allocated the total consideration transferred to the individual assets and business acquired based on a relative fair value basis, using the closing date fair values of each element, as follows (in millions):
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June 12, 2015 |
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Equity investment in Monster |
$ |
3,066 |
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Expansion of distribution territories |
1,035 |
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Monster non-energy drink business |
95 |
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Total assets and business acquired |
$ |
4,196 |
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| Disclosure of Assets and Liabilities Held-for-sale [Table Text Block] |
The following table presents information related to the major classes of assets and liabilities that were classified as held for sale in our consolidated balance sheet (in millions):
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December 31, 2015 |
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December 31, 2014 |
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Cash, cash equivalents and short-term investments |
$ |
143 |
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|
$ |
30 |
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Trade accounts receivable, less allowances |
485 |
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|
100 |
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Inventories |
276 |
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|
54 |
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Prepaid expenses and other assets |
83 |
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|
7 |
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Equity method investments |
92 |
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141 |
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Other assets |
25 |
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3 |
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Property, plant and equipment — net |
2,021 |
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|
303 |
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Bottlers' franchise rights with indefinite lives |
1,020 |
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|
410 |
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Trademarks |
— |
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43 |
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Goodwill |
333 |
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|
46 |
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Other intangible assets |
115 |
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36 |
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Allowance for reduction of assets held for sale |
(693 |
) |
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(494 |
) |
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Total assets |
$ |
3,900 |
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1 |
$ |
679 |
|
3 |
Accounts payable and accrued expenses |
$ |
712 |
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$ |
48 |
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Current maturities of long-term debt |
12 |
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— |
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Accrued income taxes |
4 |
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— |
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Long-term debt |
74 |
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— |
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Other liabilities |
79 |
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6 |
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Deferred income taxes |
252 |
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4 |
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Total liabilities |
$ |
1,133 |
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2 |
$ |
58 |
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4 |
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1 |
Consists of total assets relating to CCEP of $2,894 million, North America refranchising of $589 million, Coca-Cola Beverages Africa Limited of $398 million and other assets held for sale of $19 million, which are included in the Europe, North America, Eurasia and Africa, Bottling Investments and Corporate operating segments.
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2 |
Consists of total liabilities relating to CCEP of $924 million, North America refranchising of $123 million and Coca-Cola Beverages Africa Limited of $86 million, which are included in the Europe, North America, Eurasia and Africa, and Bottling Investments operating segments.
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3 |
Consists of total assets relating to North America refranchising of $223 million, Coca-Cola Beverages Africa Limited of $333 million, the Monster Transaction of $43 million and other assets held for sale of $80 million, which are included in the North America, Eurasia and Africa, Bottling Investments and Corporate operating segments.
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4 |
Consists of total liabilities relating to North America refranchising of $22 million and Coca-Cola Beverages Africa Limited of $36 million, which are included in the North America, Eurasia and Africa, and Bottling Investments operating segments.
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