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 as of June 28, 2013, and December 31, 2012 (in millions):
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June 28, 2013 |
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December 31, 2012 |
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Brazilian
Bottling Operations
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Brazilian
Bottling Operations
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Philippine Bottling Operations |
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Total Bottling Operations
Held for Sale as of December 31, 2012
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Cash, cash equivalents and short-term investments |
$ |
162 |
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$ |
45 |
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$ |
133 |
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$ |
178 |
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Trade accounts receivable, less allowances |
59 |
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|
88 |
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|
108 |
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|
196 |
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Inventories |
92 |
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|
85 |
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|
187 |
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|
272 |
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Prepaid expenses and other assets |
118 |
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|
174 |
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|
223 |
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|
397 |
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Other assets |
144 |
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|
128 |
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|
7 |
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|
135 |
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Property, plant and equipment — net |
428 |
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|
419 |
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|
841 |
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1,260 |
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Bottlers' franchise rights with indefinite lives |
122 |
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130 |
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341 |
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|
471 |
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Goodwill |
20 |
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22 |
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|
148 |
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|
170 |
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Other intangible assets |
— |
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1 |
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— |
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1 |
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Allowance for reduction of assets held for sale |
— |
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— |
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(107 |
) |
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(107 |
) |
Total assets1
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$ |
1,145 |
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$ |
1,092 |
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$ |
1,881 |
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$ |
2,973 |
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Accounts payable and accrued expenses |
$ |
141 |
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$ |
157 |
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$ |
241 |
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$ |
398 |
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Loans and notes payable |
58 |
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|
6 |
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— |
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|
6 |
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Current maturities of long-term debt |
28 |
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|
28 |
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— |
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|
28 |
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Accrued income taxes |
1 |
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|
4 |
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(4 |
) |
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— |
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Long-term debt |
157 |
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|
147 |
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— |
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|
147 |
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Other liabilities |
64 |
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|
75 |
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|
20 |
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|
95 |
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Deferred income taxes |
19 |
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20 |
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|
102 |
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|
122 |
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Total liabilities1
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$ |
468 |
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$ |
437 |
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$ |
359 |
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$ |
796 |
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1 |
The assets and liabilities of our Philippine and Brazilian bottling operations were included in our Bottling Investments operating segment during the period(s) in which they were consolidated entities of the Company. Refer to Note 15.
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