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INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [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 31,20222021
Trademarks$14,214 $14,465 
Goodwill18,782 19,363 
Other175 211 
Indefinite-lived intangible assets$33,171 $34,039 
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 & AfricaLatin
America		North
America		Asia PacificGlobal VenturesBottling
Investments		Total
2021      
Balance at beginning of year$1,308 $164 $8,792 $201 $2,892 $4,149 $17,506 
Effect of foreign currency translation(83)(8)— (6)46 (285)(336)
Acquisitions1
55 44 1,886 227 45 — 2,257 
Impairments— — — — — (7)(7)
Divestitures, deconsolidations
   and other2
— — (13)— (7)(37)(57)
Balance at end of year$1,280 $200 $10,665 $422 $2,976 $3,820 $19,363 
2022      
Balance at beginning of year$1,280 $200 $10,665 $422 $2,976 $3,820 $19,363 
Effect of foreign currency translation(83)3 — (12)(272)(239)(603)
Acquisitions— — — — — 4 4 
Purchase accounting adjustments— — 12 2 9 — 23 
Divestitures, deconsolidations
   and other		— — — — (5)— (5)
Balance at end of year$1,197 $203 $10,677 $412 $2,708 $3,585 $18,782 
1For information related to the Company’s acquisitions, refer to Note 2.
2The decrease in the Bottling Investments operating segment was a result of the Company’s bottling operations in Vietnam and Cambodia being classified as held for sale. Refer to Note 2.
Definite-lived intangible assets
The following table provides information related to definite-lived intangible assets (in millions):
December 31, 2022December 31, 2021
Gross Carrying ValueAccumulated AmortizationNet Carrying
Value		Gross Carrying
Value		Accumulated AmortizationNet Carrying
Value
Customer relationships$354 $(109)$245 $336 $(86)$250 
Trademarks147 (84)63 189 (87)102 
Other206 (54)152 273 (51)222 
Total$707 $(247)$460 $798 $(224)$574 
Estimated amortization expense for the next five years
Based on the carrying value of definite-lived intangible assets as of December 31, 2022, we estimate our amortization expense for the next five years will be as follows (in millions):
Amortization
Expense
2023$89 
202465 
202557 
202645 
202744