Quarterly report pursuant to Section 13 or 15(d)

Acquisitions and Divestitures Acquisitions and Divestitures (Tables)

v3.5.0.2
Acquisitions and Divestitures Acquisitions and Divestitures (Tables)
 6 Months Ended
Jul. 01, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
As such, we have allocated the total consideration transferred to the individual assets and business acquired based on a relative fair value basis, using the closing date fair values of each element, as follows (in millions):
 
June 12, 2015

Equity investment in Monster
$
3,066

Expansion of distribution territories
1,035

Monster non-energy drink business
95

Total assets and business acquired
$
4,196

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):
 
July 1, 2016

 
December 31, 2015

 
Cash, cash equivalents and short-term investments
$
14

 
$
143

 
Trade accounts receivable, less allowances
51

 
485

 
Inventories
45

 
276

 
Prepaid expenses and other assets
8

 
83

 
Equity method investments
83

 
92

 
Other assets
14

 
25

 
Property, plant and equipment — net
316

 
2,021

 
Bottlers' franchise rights with indefinite lives
302

 
1,020

 
Goodwill
132

 
333

 
Other intangible assets
70

 
115

 
Allowance for reduction of assets held for sale
(342
)
 
(693
)
 
Total assets
$
693

1 
$
3,900

3 
Accounts payable and accrued expenses
$
21

 
$
712

 
Current maturities of long-term debt
—

 
12

 
Accrued income taxes
1

 
4

 
Long-term debt
46

 
74

 
Other liabilities
2

 
79

 
Deferred income taxes
68

 
252

 
Total liabilities
$
138

2 
$
1,133

4 

1 Consists of total assets relating to North America refranchising of $317 million, Coca-Cola Beverages Africa Limited of $338 million and other assets held for sale of $38 million, which are included in the Bottling Investments, Eurasia and Africa, and Corporate operating segments.
2 
Consists of total liabilities relating to North America refranchising of $67 million and Coca-Cola Beverages Africa Limited of $71 million, which are included in the Bottling Investments and Eurasia and Africa operating segments.
3 Consists of total assets relating to CCEP of $2,894 million, North America refranchising of $589 million, Coca-Cola Beverages Africa Limited of $398 million and other assets held for sale of $19 million, which are included in the Bottling Investments, Eurasia and Africa, and Corporate operating segments.
4 
Consists of total liabilities relating to CCEP of $924 million, North America refranchising of $123 million and Coca-Cola Beverages Africa Limited of $86 million, which are included in the Bottling Investments and Eurasia and Africa operating segments.
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.