| INTANGIBLE ASSETS [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
INTANGIBLE ASSETS [Abstract] | |
Indefinite-lived intangible assets | The following table summarizes information related to indefinite-lived intangible assets (in millions): | | | | | | | | | December 31, | 2016 |
| | 2015 |
| Trademarks | $ | 6,097 |
| | $ | 5,989 |
| Bottlers' franchise rights1,2,3 | 3,676 |
| | 6,000 |
| Goodwill | 10,629 |
| | 11,289 |
| Other | 128 |
| | 164 |
| Indefinite-lived intangible assets | $ | 20,530 |
| | $ | 23,442 |
|
1 The decrease in 2016 was primarily the result of additional North America bottling territories being refranchised or reclassified as held for sale as well as the Company's China bottling operations being reclassified as held for sale. Refer to Note 2. | | 2 | In 2015, the Company acquired rights to distribute Monster products in expanded territories as a result of the Monster Transaction. The carrying values of these rights as of December 31, 2016 and 2015 were $298 million and $640 million, respectively. These distribution rights are governed by an agreement with an initial term of 20 years, after which it will continue to remain in effect unless otherwise terminated by either party, and there are no future costs of renewal. The Company anticipates that these assets will be used indefinitely. The decrease in 2016 is related to North America refranchising. Refer to Note 2. |
3 The Company has agreements with Dr Pepper Snapple Group, Inc. ("DPSG") to distribute Dr Pepper trademark brands in the United States, Canada Dry in the Northeastern United States, and Canada Dry and C' Plus in Canada. As of December 31, 2016, the agreements have remaining terms of 14 years, with automatic 20-year renewal periods unless otherwise terminated under the terms of the agreements, and there are no significant costs to renew the agreements. The Company anticipates that these assets will be used indefinitely. The carrying values of these rights as of December 31, 2016 and 2015 were $576 million and $652 million, respectively. The decrease in 2016 is related to North America refranchising. Refer to Note 2. |
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 |
| 2015 | | | | | | | | | | | | Balance at beginning of year | $ | 746 |
| | $ | 147 |
| | $ | 8,568 |
| | $ | 131 |
| | $ | 2,508 |
| | $ | 12,100 |
| Effect of foreign currency translation | (105 | ) | | (24 | ) | | — |
| | 2 |
| | (37 | ) | | (164 | ) | Acquisitions1 | — |
| | — |
| | 26 |
| | — |
| | 1 |
| | 27 |
| Adjustments related to the finalization of purchase accounting1 | — |
| | — |
| | — |
| | — |
| | 4 |
| | 4 |
| Impairment | — |
| | — |
| | — |
| | — |
| | (4 | ) | | (4 | ) | Divestitures, deconsolidations and other1 | (3 | ) | | — |
| | (283 | ) | | — |
| | (388 | ) | | (674 | ) | Balance at end of year | $ | 638 |
| | $ | 123 |
| | $ | 8,311 |
| | $ | 133 |
| | $ | 2,084 |
| | $ | 11,289 |
| 2016 | | | | | | | | | | | | Balance at beginning of year | $ | 638 |
| | $ | 123 |
| | $ | 8,311 |
| | $ | 133 |
| | $ | 2,084 |
| | $ | 11,289 |
| Effect of foreign currency translation | (10 | ) | | (6 | ) | | — |
| | (11 | ) | | (6 | ) | | (33 | ) | Acquisitions1 | — |
| | — |
| | — |
| | 6 |
| | — |
| | 6 |
| Adjustments related to the finalization of purchase accounting1 | — |
| | — |
| | 10 |
| | — |
| | — |
| | 10 |
| Impairment | — |
| | — |
| | — |
| | — |
| | (10 | ) | | (10 | ) | Divestitures, deconsolidations and other1,2 | — |
| | — |
| | — |
| | — |
| | (633 | ) | | (633 | ) | Balance at end of year | $ | 628 |
| | $ | 117 |
| | $ | 8,321 |
| | $ | 128 |
| | $ | 1,435 |
| | $ | 10,629 |
|
| | 1 | Refer to Note 2 for information related to the Company's acquisitions and divestitures. |
| | 2 | The 2016 decrease in the Bottling Investments segment was primarily a result of additional North America bottling territories being refranchised or reclassified as held for sale as well as the Company's China bottling operations being reclassified as held for sale. Refer to Note 2. |
|
Definite-lived intangible assets | The following table summarizes information related to definite-lived intangible assets (in millions): | | | | | | | | | | | | | | | | | | | | | | December 31, 2016 | | December 31, 2015 | | Gross Carrying Amount |
| Accumulated Amortization |
| Net |
| | Gross Carrying Amount |
| Accumulated Amortization |
| Net |
| Customer relationships1 | $ | 392 |
| $ | (185 | ) | $ | 207 |
| | $ | 493 |
| $ | (199 | ) | $ | 294 |
| Bottlers' franchise rights1 | 487 |
| (381 | ) | 106 |
| | 604 |
| (412 | ) | 192 |
| Trademarks | 228 |
| (64 | ) | 164 |
| | 211 |
| (44 | ) | 167 |
| Other2 | 179 |
| (58 | ) | 121 |
| | 97 |
| (60 | ) | 37 |
| Total | $ | 1,286 |
| $ | (688 | ) | $ | 598 |
| | $ | 1,405 |
| $ | (715 | ) | $ | 690 |
|
| | 1 | The decrease in 2016 was primarily due to the derecognition of intangible assets as a result of the North America refranchising. Refer to Note 2. |
| | 2 | The increase in 2016 related to our acquisition of China Green. |
|
Estimated amortization expense for the next five years | Based on the carrying value of definite-lived intangible assets as of December 31, 2016, we estimate our amortization expense for the next five years will be as follows (in millions): | | | | | | | | Amortization Expense |
| 2017 | | $ | 111 |
| 2018 | | 65 |
| 2019 | | 63 |
| 2020 | | 57 |
| 2021 | | 48 |
|
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