Quarterly report pursuant to Section 13 or 15(d)

Acquisitions and Divestitures Acquisitions and Divestitures (Tables)

v3.8.0.1
Acquisitions and Divestitures Acquisitions and Divestitures (Tables)
 9 Months Ended
Sep. 29, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Assets and Liabilities Held for Sale
The following table presents information related to the major classes of assets and liabilities that were classified as held for sale in our condensed consolidated balance sheets (in millions):
 
September 29,
2017

 
December 31, 2016

 
Cash, cash equivalents and short-term investments
$
10

 
$
49

 
Trade accounts receivable, less allowances
300

 
43

 
Inventories
181

 
264

 
Prepaid expenses and other assets
34

 
114

 
Equity method investments
—

 
1

 
Other investments
—

 
42

 
Other assets
7

 
17

 
Property, plant and equipment — net
1,145

 
1,780

 
Bottlers' franchise rights with indefinite lives
1,121

 
1,388

 
Goodwill
296

 
390

 
Other intangible assets
154

 
51

 
Allowance for reduction of assets held for sale
(1,466
)
 
(1,342
)
 
Total assets
$
1,782

1 
$
2,797

2 
Accounts payable and accrued expenses
$
381

 
$
393

 
Accrued income taxes
4

 
13

 
Other liabilities
52

 
1

 
Deferred income taxes
—

 
303

 
Total liabilities
$
437

1 
$
710

3 

1 Consists of total assets and total liabilities relating to North America refranchising of $1,782 million and $437 million, respectively, which are included in the Bottling Investments operating segment.
2 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 operating segment and Corporate.
3 
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 operating segment and Corporate.
We determined that the operations included in the table above did not meet the criteria to be classified as discontinued operations under the applicable guidance.