DEBT AND BORROWING ARRANGEMENTS (Details 2)
€ in Millions, SFr in Millions, AUD in Millions, $ in Millions |
12 Months Ended |
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
EUR (€)
|
Dec. 31, 2017
CHF (SFr)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2016
AUD
|
Dec. 31, 2016
EUR (€)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2015
EUR (€)
|
Dec. 31, 2015
CHF (SFr)
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt |
$ 1,000.0
|
€ 2,500
|
|
$ 3,725.0
|
AUD 1,000
|
€ 500
|
$ 4,000.0
|
€ 8,500
|
SFr 1,325
|
| Carrying Value of Extinguished Long-Term Debt |
417.0
|
|
|
|
|
|
|
|
|
| Carrying Value of Long-Term Debt |
3,974.0
|
|
|
|
|
|
|
|
|
| Gains (Losses) on Extinguishment of Debt |
(38.0)
|
|
|
|
|
|
(320.0)
|
|
|
| Long-term Debt, Fair Value |
35,169.0
|
|
|
33,752.0
|
|
|
|
|
|
| Long-term Debt |
$ 34,480.0
|
|
|
$ 33,211.0
|
|
|
|
|
|
| Long-term Debt, Weighted Average Interest Rate, at Point in Time |
1.80%
|
|
|
1.70%
|
|
|
|
|
|
| Less current portion |
$ 3,298.0
|
|
|
$ 3,527.0
|
|
|
|
|
|
| Long-term debt non current |
31,182.0
|
|
|
29,684.0
|
|
|
|
|
|
| Total interest paid |
757.0
|
|
|
663.0
|
|
|
$ 515.0
|
|
|
| Increase (Decrease) in Carrying Value of Long-term Debt Interest Rate Fair Value Hedge Adjustment |
13.0
|
|
|
$ 97.0
|
|
|
|
|
|
| Maturities of Long-Term Debt |
|
|
|
|
|
|
|
|
|
| 2018 |
3,298.0
|
|
|
|
|
|
|
|
|
| 2019 |
5,209.0
|
|
|
|
|
|
|
|
|
| 2020 |
4,298.0
|
|
|
|
|
|
|
|
|
| 2021 |
2,930.0
|
|
|
|
|
|
|
|
|
| 2022 |
2,480.0
|
|
|
|
|
|
|
|
|
| Notes due on May 25, 2022 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt |
$ 500.0
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
2.20%
|
|
|
|
|
|
|
|
|
| Notes due on May 25, 2027 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt |
$ 500.0
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
2.90%
|
|
|
|
|
|
|
|
|
| Notes due on March 8, 2019 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt | € |
|
€ 1,500
|
|
|
|
|
|
|
|
| Variable interest rate used |
P3M
|
P3M
|
P3M
|
|
|
|
|
|
|
| Basis spread on variable rate used (as a percent) |
0.25%
|
0.25%
|
0.25%
|
|
|
|
|
|
|
| Notes due on March 9, 2021 [Member] [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt | € |
|
€ 500
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
0.00%
|
|
|
|
|
|
|
|
|
| Notes due on March 8, 2024 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt | € |
|
€ 500
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
0.50%
|
|
|
|
|
|
|
|
|
| Total principal notes due June 9, 2020 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt | AUD |
|
|
|
|
450
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
2.60%
|
|
|
|
|
|
| Total principal notes due June 11, 2024 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt | AUD |
|
|
|
|
AUD 550
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
3.25%
|
|
|
|
|
|
| Total principal notes due November 16, 2017 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt |
|
|
|
$ 225.0
|
|
|
|
|
|
| Variable interest rate used |
P3M
|
P3M
|
P3M
|
P3M
|
P3M
|
P3M
|
|
|
|
| Basis spread on variable rate used (as a percent) |
0.05%
|
0.05%
|
0.05%
|
0.05%
|
0.05%
|
0.05%
|
|
|
|
| Extinguishment of long-term debt |
$ 225.0
|
|
|
|
|
|
|
|
|
| Notes due August 15, 2019 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
4.50%
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
$ 95.6
|
|
|
|
|
|
|
|
|
| Notes due February 1, 2022 [Member] [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
8.50%
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
$ 38.6
|
|
|
|
|
|
|
|
|
| Notes due September 15, 2022 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
8.00%
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
$ 11.7
|
|
|
|
|
|
|
|
|
| Notes due September 15, 2023 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
6.75%
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
$ 36.5
|
|
|
|
|
|
|
|
|
| Notes due October 1, 2026 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
7.00%
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
$ 9.9
|
|
|
|
|
|
|
|
|
| Notes due November 15, 2026 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
6.95%
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
$ 53.8
|
|
|
|
|
|
|
|
|
| Notes due September 15, 2028 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
6.75%
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
$ 41.3
|
|
|
|
|
|
|
|
|
| Notes due October 15, 2036 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
6.70%
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
$ 32.0
|
|
|
|
|
|
|
|
|
| Notes due March 18, 2037 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
5.71%
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
$ 3.4
|
|
|
|
|
|
|
|
|
| Notes due January 15, 2038 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
6.75%
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
$ 24.3
|
|
|
|
|
|
|
|
|
| Notes due May 15, 2098 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
7.00%
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
$ 4.7
|
|
|
|
|
|
|
|
|
| Total principal notes due May 30, 2019 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt |
|
|
|
$ 1,000.0
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
1.375%
|
|
|
|
|
|
| Total principal notes due September 1, 2021 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt |
|
|
|
$ 1,000.0
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
1.55%
|
|
|
|
|
|
| Total principal notes due June 1, 2026 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt |
|
|
|
$ 500.0
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
2.55%
|
|
|
|
|
|
| Total principal notes due September 1, 2026 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt |
|
|
|
$ 1,000.0
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
2.25%
|
|
|
|
|
|
| Total principal notes due September 2, 2036 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt | € |
|
|
|
|
|
€ 500
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
1.10%
|
|
|
|
|
|
| Total principal notes due September 1, 2016 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
1.80%
|
|
|
|
|
|
| Total principal variable notes due November 1, 2016 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
0.75%
|
|
|
|
|
|
| Variable interest rate used |
|
|
|
P3M
|
P3M
|
P3M
|
|
|
|
| Basis spread on variable rate used (as a percent) |
|
|
|
0.10%
|
0.10%
|
0.10%
|
|
|
|
| Total principal notes due October 2, 2017 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt | SFr |
|
|
|
|
|
|
|
|
SFr 200
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
0.00%
|
|
|
|
|
|
0.00%
|
0.00%
|
0.00%
|
| Extinguishment of long-term debt | SFr |
|
|
SFr 200
|
|
|
|
|
|
|
| Total principal notes due December 22, 2022 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt | SFr |
|
|
|
|
|
|
|
|
SFr 550
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
|
|
|
0.25%
|
0.25%
|
0.25%
|
| Total principal notes due October 2, 2028 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt | SFr |
|
|
|
|
|
|
|
|
SFr 575
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
|
|
|
1.00%
|
1.00%
|
1.00%
|
| Total principal notes due March 9, 2017 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt | € |
|
|
|
|
|
|
|
€ 2,000
|
|
| Variable interest rate used |
P3M
|
P3M
|
P3M
|
|
|
|
P3M
|
P3M
|
P3M
|
| Basis spread on variable rate used (as a percent) |
0.15%
|
0.15%
|
0.15%
|
|
|
|
0.15%
|
0.15%
|
0.15%
|
| Extinguishment of long-term debt | € |
|
€ 2,000
|
|
|
|
|
|
|
|
| Notes due August 1, 2017 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
7.125%
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
$ 206.0
|
|
|
|
|
|
|
|
|
| Total principal notes due September 9, 2019 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt | € |
|
|
|
|
|
|
|
€ 2,000
|
|
| Variable interest rate used |
|
|
|
|
|
|
P3M
|
P3M
|
P3M
|
| Basis spread on variable rate used (as a percent) |
|
|
|
|
|
|
0.23%
|
0.23%
|
0.23%
|
| Total principal notes due March 9, 2023 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt | € |
|
|
|
|
|
|
|
€ 1,500
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
|
|
|
0.75%
|
0.75%
|
0.75%
|
| Total principal notes due March 9, 2027 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt | € |
|
|
|
|
|
|
|
€ 1,500
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
|
|
|
1.125%
|
1.125%
|
1.125%
|
| Total principal notes due March 9, 2035 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt | € |
|
|
|
|
|
|
|
€ 1,500
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
|
|
|
1.625%
|
1.625%
|
1.625%
|
| Total principal notes dues October 27, 2017 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt |
|
|
|
|
|
|
$ 750.0
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
0.875%
|
|
|
|
|
|
0.875%
|
0.875%
|
0.875%
|
| Extinguishment of long-term debt |
$ 750.0
|
|
|
|
|
|
|
|
|
| Total principal notes due October 27, 2020 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt |
|
|
|
|
|
|
$ 1,500.0
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
|
|
|
1.875%
|
1.875%
|
1.875%
|
| Total principal notes due October 27, 2025 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Issuance of long term debt |
|
|
|
|
|
|
$ 1,750.0
|
|
|
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
|
|
|
2.875%
|
2.875%
|
2.875%
|
| U.S. dollar notes due 2018-2093 |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt |
$ 16,854.0
|
|
|
$ 16,922.0
|
|
|
|
|
|
| Long-term Debt, Weighted Average Interest Rate, at Point in Time |
2.30%
|
|
|
2.00%
|
|
|
|
|
|
| U.S. dollar debentures due 2018-2098 |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt |
$ 1,559.0
|
|
|
$ 2,111.0
|
|
|
|
|
|
| Long-term Debt, Weighted Average Interest Rate, at Point in Time |
5.50%
|
|
|
4.10%
|
|
|
|
|
|
| U.S. dollar zero coupon notes due in 2020 |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Unamortized discounts |
$ 13.0
|
|
|
$ 18.0
|
|
|
|
|
|
| Long-term Debt |
$ 158.0
|
|
|
$ 153.0
|
|
|
|
|
|
| Long-term Debt, Weighted Average Interest Rate, at Point in Time |
8.40%
|
|
|
8.40%
|
|
|
|
|
|
| Australian dollar notes due 2020-2024 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt |
$ 760.0
|
|
|
$ 741.0
|
|
|
|
|
|
| Long-term Debt, Weighted Average Interest Rate, at Point in Time |
2.10%
|
|
|
1.20%
|
|
|
|
|
|
| Euro notes due 2019 - 2036 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt |
$ 13,663.0
|
|
|
$ 11,567.0
|
|
|
|
|
|
| Long-term Debt, Weighted Average Interest Rate, at Point in Time |
0.70%
|
|
|
0.70%
|
|
|
|
|
|
| Swiss franc notes due 2022 - 2028 [Member] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt |
$ 1,148.0
|
|
|
$ 1,304.0
|
|
|
|
|
|
| Long-term Debt, Weighted Average Interest Rate, at Point in Time |
3.00%
|
|
|
2.50%
|
|
|
|
|
|
| Other, due through 2098 |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt |
$ 325.0
|
|
|
$ 316.0
|
|
|
|
|
|
| Long-term Debt, Weighted Average Interest Rate, at Point in Time |
3.40%
|
|
|
3.50%
|
|
|
|
|
|
| Other, due through 2031 |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Long-term Debt |
$ 165.0
|
|
|
|
|
|
|
|
|
| Assumed long term debt | Coca-Cola Enterprises Inc. |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Fair value adjustment related to the debt assumed |
$ 263.0
|
|
|
$ 361.0
|
|
|
|
|
|
| Fair value adjustments weighted-average amortization period (in years) |
24
|
24
|
24
|
|
|
|
|
|
|
| upon maturity |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
|
|
|
|
|
|
$ 3,500.0
|
|
|
| upon maturity | Total principal notes due September 1, 2016 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
|
|
|
1,654.0
|
|
|
|
|
|
| upon maturity | Total principal variable notes due November 1, 2016 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
|
|
|
500.0
|
|
|
|
|
|
| upon maturity | Total principal fixed notes due November 1, 2016 [Domain] [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
|
|
|
$ 500.0
|
|
|
|
|
|
| Prior to Maturity |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
|
|
|
|
|
|
2,039.0
|
|
|
| Gains (Losses) on Extinguishment of Debt |
|
|
|
|
|
|
(320.0)
|
|
|
| Prior to Maturity | Notes due on November 15 2017 [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
|
|
|
|
|
|
$ 1,148.0
|
|
|
| Extinguishment of Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
|
|
|
5.35%
|
5.35%
|
5.35%
|
| Prior to Maturity | Notes due on March 15 2019 [Domain] [Domain] |
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
| Extinguishment of long-term debt |
|
|
|
|
|
|
$ 891.0
|
|
|
| Extinguishment of Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
|
|
|
|
|
|
4.875%
|
4.875%
|
4.875%
|