The Coca-Cola Company Current report filing

Current report filing

ACQUISITIONS AND DIVESTITURES (Tables)

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.