Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.10.0.1
INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2018
INTANGIBLE ASSETS [Abstract]  
Indefinite-lived intangible assets
The following table presents the carrying values of indefinite-lived intangible assets included in our consolidated balance sheets (in millions):
December 31,
2018

 
2017

Trademarks
$
6,682

 
$
6,729

Bottlers' franchise rights
51

 
138

Goodwill
10,263

 
9,401

Other
106

 
106

Indefinite-lived intangible assets
$
17,102

 
$
16,374

Carrying value of goodwill by operating segment
The following table provides information related to the carrying value of our goodwill by operating segment (in millions):
 
Europe, Middle East & Africa

 
Latin
America

 
North
America

 
Asia Pacific

 
Bottling
Investments

 
Total

2017
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of year
$
628

 
$
117

 
$
8,321

 
$
128

 
$
1,435

 
$
10,629

Effect of foreign currency translation
75

 
8

 
—

 
(1
)
 
5

 
87

Acquisitions1
—

 
25

 
28

 
—

 
3

 
56

Adjustments related to the finalization
   of purchase accounting1
—

 
—

 
—

 
18

 
—

 
18

Impairment charges
—

 
—

 
—

 
—

 
(390
)
 
(390
)
Divestitures, deconsolidations and other1,2
—

 
—

 
—

 
—

 
(999
)
 
(999
)
Balance at end of year
$
703

 
$
150

 
$
8,349

 
$
145

 
$
54

 
$
9,401

2018
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of year
$
703

 
$
150

 
$
8,349

 
$
145

 
$
54

 
$
9,401

Effect of foreign currency translation
(58
)
 
(9
)
 
—

 
(4
)
 
(2
)
 
(73
)
Acquisitions1,3
12

 
—

 
—

 
13

 
488

 
513

Adjustments related to the finalization
   of purchase accounting1,4
411

 
27

 
(11
)
 
—

 
—

 
427

Divestitures, deconsolidations and other1
—

 
—

 
—

 
—

 
(5
)
 
(5
)
Balance at end of year
$
1,068

 
$
168

 
$
8,338

 
$
154

 
$
535

 
$
10,263

1 
Refer to Note 2 for information related to the Company's acquisitions and divestitures.
2 
Definite-lived intangible assets
The following table provides information related to definite-lived intangible assets (in millions):
 
December 31, 2018
 
December 31, 2017
 
Gross Carrying Value

Accumulated Amortization

Net
Carrying
Value

 
Gross Carrying
Value

Accumulated Amortization

Net
Carrying
Value

Customer relationships
$
185

$
(151
)
$
34

 
$
205

$
(143
)
$
62

Bottlers' franchise rights
30

(18
)
12

 
213

(152
)
61

Trademarks
186

(91
)
95

 
182

(73
)
109

Other
88

(61
)
27

 
94

(64
)
30

Total
$
489

$
(321
)
$
168

 
$
694

$
(432
)
$
262


Estimated amortization expense for the next five years
Based on the carrying value of definite-lived intangible assets as of December 31, 2018, we estimate our amortization expense for the next five years will be as follows (in millions):
 
 
Amortization
Expense

2019
 
$
44

2020
 
34

2021
 
26

2022
 
25

2023
 
25