| 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 sheets (in millions):
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December 31, 2016 |
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December 31, 2015 |
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Cash, cash equivalents and short-term investments |
$ |
49 |
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$ |
143 |
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Trade accounts receivable, less allowances |
43 |
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|
485 |
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Inventories |
264 |
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|
276 |
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Prepaid expenses and other assets |
114 |
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|
83 |
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Equity method investments |
1 |
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|
92 |
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Other investments |
42 |
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— |
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Other assets |
17 |
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|
25 |
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Property, plant and equipment — net |
1,780 |
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|
2,021 |
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Bottlers' franchise rights with indefinite lives |
1,388 |
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|
1,020 |
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Goodwill |
390 |
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|
333 |
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Other intangible assets |
51 |
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|
115 |
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Allowance for reduction of assets held for sale |
(1,342 |
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(693 |
) |
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Total assets |
$ |
2,797 |
|
1 |
$ |
3,900 |
|
3 |
Accounts payable and accrued expenses |
$ |
393 |
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$ |
712 |
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Current maturities of long-term debt |
— |
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12 |
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Accrued income taxes |
13 |
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|
4 |
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Long-term debt |
— |
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74 |
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Other liabilities |
1 |
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79 |
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Deferred income taxes |
303 |
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|
252 |
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Total liabilities |
$ |
710 |
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2 |
$ |
1,133 |
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4 |
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1 |
Consists of total assets relating to North America refranchising of $1,247 million, China bottling operations of $1,533 million and other assets held for sale of $17 million, which are included in the Bottling Investments and Corporate operating segments.
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2 |
Consists of total liabilities relating to North America refranchising of $224 million, China bottling operations of $483 million and other liabilities held for sale of $3 million, which are included in the Bottling Investments and Corporate operating segments.
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3 |
Consists of total assets relating to CCEP of $2,894 million, North America refranchising of $589 million, CCBA of $398 million and other assets held for sale of $19 million, which are included in the Bottling Investments, Europe, Middle East and Africa and Corporate operating segments.
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4 |
Consists of total liabilities relating to CCEP of $924 million, North America refranchising of $123 million and CCBA of $86 million, which are included in the Bottling Investments and Europe, Middle East and Africa operating segments.
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