Current report filing

ACQUISITIONS AND DIVESTITURES (Tables)

v3.5.0.2
ACQUISITIONS AND DIVESTITURES (Tables)
12 Months Ended
Dec. 31, 2015
Acquisitions and Divestitures Disclosure [  
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):
 
June 12, 2015

Equity investment in Monster
$
3,066

Expansion of distribution territories
1,035

Monster non-energy drink business
95

Total assets and business acquired
$
4,196

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):
 
December 31, 2015

 
December 31, 2014

 
Cash, cash equivalents and short-term investments
$
143

 
$
30

 
Trade accounts receivable, less allowances
485

 
100

 
Inventories
276

 
54

 
Prepaid expenses and other assets
83

 
7

 
Equity method investments
92

 
141

 
Other assets
25

 
3

 
Property, plant and equipment — net
2,021

 
303

 
Bottlers' franchise rights with indefinite lives
1,020

 
410

 
Trademarks

 
43

 
Goodwill
333

 
46

 
Other intangible assets
115

 
36

 
Allowance for reduction of assets held for sale
(693
)
 
(494
)
 
Total assets
$
3,900

1 
$
679

3 
Accounts payable and accrued expenses
$
712

 
$
48

 
Current maturities of long-term debt
12

 

 
Accrued income taxes
4

 

 
Long-term debt
74

 

 
Other liabilities
79

 
6

 
Deferred income taxes
252

 
4

 
Total liabilities
$
1,133

2 
$
58

4 

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, Middle East and Africa, Bottling Investments and Corporate operating segments.
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, Middle East and Africa and Bottling Investments operating segments.
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 Europe, Middle East and Africa, Bottling Investments and Corporate operating segments.
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 Europe, Middle East and Africa and Bottling Investments operating segments.