| Intangible Assets Disclosure [Text Block] |
INTANGIBLE ASSETS
Indefinite-Lived Intangible Assets
The following table summarizes information related to indefinite-lived intangible assets (in millions):
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December 31, |
2011 |
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2010 |
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Trademarks1
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$ |
6,430 |
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$ |
6,356 |
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Bottlers' franchise rights2
|
7,770 |
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|
7,511 |
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Goodwill3
|
12,219 |
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|
11,665 |
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Other |
113 |
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|
113 |
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Indefinite-lived intangible assets4
|
$ |
26,532 |
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|
$ |
25,645 |
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1 |
The increase in 2011 was primarily related to the acquisition of Honest Tea. Refer to Note 2.
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2 |
The increase in 2011 was primarily related to the reacquisition of Great Plains' rights to distribute Trademark Coca-Cola beverages in specified territories as well as the finalization of purchase accounting for the Company's 2010 acquisition of CCE's North American business. Refer to Note 2.
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3 |
The increase in 2011 was primarily related to the acquisition of Great Plains and Honest Tea as well as the finalization of purchase accounting for the Company's 2010 acquisition of CCE's North American business. Refer to Note 2.
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4 |
The distribution rights acquired from DPS are the only significant indefinite-lived intangible assets subject to renewal or extension arrangements. Refer to Note 2.
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The following table provides information related to the carrying value of our goodwill by operating segment (in millions):
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Eurasia &
Africa
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Europe |
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Latin
America
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North
America
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Pacific |
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Bottling
Investments
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Total |
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2010 |
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Balance as of January 1 |
$ |
43 |
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|
$ |
797 |
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$ |
320 |
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$ |
2,154 |
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$ |
110 |
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$ |
800 |
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$ |
4,224 |
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Effect of foreign currency translation |
1 |
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|
(102 |
) |
|
4 |
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|
— |
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2 |
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(39 |
) |
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(134 |
) |
Acquisitions1
|
— |
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— |
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|
54 |
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|
7,746 |
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— |
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|
83 |
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|
7,883 |
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Adjustments related to the finalization
of purchase accounting
|
— |
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— |
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— |
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— |
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— |
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— |
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— |
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Divestitures, deconsolidations and other1,2
|
— |
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|
— |
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|
(212 |
) |
|
(39 |
) |
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— |
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(57 |
) |
|
(308 |
) |
Balance as of December 31 |
$ |
44 |
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|
$ |
695 |
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$ |
166 |
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$ |
9,861 |
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$ |
112 |
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$ |
787 |
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$ |
11,665 |
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2011 |
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Balance as of January 1 |
$ |
44 |
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$ |
695 |
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$ |
166 |
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$ |
9,861 |
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$ |
112 |
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$ |
787 |
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$ |
11,665 |
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Effect of foreign currency translation |
(6 |
) |
|
15 |
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(3 |
) |
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— |
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2 |
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|
11 |
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|
19 |
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Acquisitions1
|
— |
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|
— |
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— |
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|
195 |
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|
— |
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— |
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|
195 |
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Adjustments related to the finalization
of purchase accounting1
|
— |
|
|
— |
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|
— |
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|
304 |
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|
— |
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5 |
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|
309 |
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Divestitures, deconsolidations and other |
— |
|
|
— |
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— |
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|
155 |
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— |
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(124 |
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31 |
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Balance as of December 31 |
$ |
38 |
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$ |
710 |
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$ |
163 |
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$ |
10,515 |
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$ |
114 |
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$ |
679 |
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$ |
12,219 |
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1 |
Refer to Note 2 for information related to the Company's acquisitions and divestitures.
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2 |
Refer to Note 1 for information related to the deconsolidation of certain entities as a result of the Company's adoption of new accounting guidance issued by the FASB.
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Definite-Lived Intangible Assets
The following table summarizes information related to definite-lived intangible assets (in millions):
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December 31, 2011 |
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December 31, 2010 |
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Gross Carrying Amount |
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Accumulated Amortization |
|
Net |
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Gross Carrying Amount |
|
Accumulated Amortization |
|
Net |
|
Customer relationships |
$ |
619 |
|
$ |
(126 |
) |
$ |
493 |
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|
$ |
606 |
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$ |
(83 |
) |
$ |
523 |
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Bottlers' franchise rights1
|
668 |
|
(119 |
) |
549 |
|
|
605 |
|
(22 |
) |
583 |
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Trademarks |
99 |
|
(70 |
) |
29 |
|
|
111 |
|
(67 |
) |
44 |
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Other2
|
196 |
|
(130 |
) |
66 |
|
|
258 |
|
(144 |
) |
114 |
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Total |
$ |
1,582 |
|
$ |
(445 |
) |
$ |
1,137 |
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|
$ |
1,580 |
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$ |
(316 |
) |
$ |
1,264 |
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1 |
The increase in 2011 was primarily related to the acquisition of Great Plains and the finalization of purchase accounting for the Company's 2010 acquisition of CCE's North American business. Refer to Note 2.
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2 |
The decrease in 2011 was primarily related to the finalization of purchase accounting for certain of the Company's acquisitions and other individually insignificant items. |
Total amortization expense for intangible assets subject to amortization was $192 million, $102 million and $63 million in 2011, 2010 and 2009, respectively. Based on the carrying value of definite-lived intangible assets as of December 31, 2011, we estimate our amortization expense for the next five years will be as follows (in millions):
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Amortization
Expense
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2012 |
|
$ |
160 |
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2013 |
|
148 |
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2014 |
|
144 |
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2015 |
|
137 |
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2016 |
|
134 |
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