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)
 9 Months Ended
Sep. 30, 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):
 
September 30, 2016

 
December 31, 2015

 
Cash, cash equivalents and short-term investments
$
68

 
$
143

 
Trade accounts receivable, less allowances
80

 
485

 
Inventories
188

 
276

 
Prepaid expenses and other assets
85

 
83

 
Equity method investments
—

 
92

 
Other investments
42

 
—

 
Other assets
19

 
25

 
Property, plant and equipment — net
1,548

 
2,021

 
Bottlers' franchise rights with indefinite lives
1,171

 
1,020

 
Goodwill
337

 
333

 
Other intangible assets
40

 
115

 
Allowance for reduction of assets held for sale
(1,115
)
 
(693
)
 
Total assets
$
2,463

1 
$
3,900

3 
Accounts payable and accrued expenses
$
328

 
$
712

 
Current maturities of long-term debt
—

 
12

 
Accrued income taxes
14

 
4

 
Long-term debt
—

 
74

 
Other liabilities
1

 
79

 
Deferred income taxes
339

 
252

 
Total liabilities
$
682

2 
$
1,133

4 

1 Consists of total assets relating to North America refranchising of $884 million, China bottling operations of $1,562 million and other assets held for sale of $17 million, which are included in the Bottling Investments and Corporate operating segments.
2 
Consists of total liabilities relating to North America refranchising of $253 million and China bottling operations of $429 million, which are included in the Bottling Investments operating segment.
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, Europe, Middle East 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 Europe, Middle East 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.