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Property, Plant and Equipment and Intangible Assets | 12 Months Ended
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Dec. 31, 2016
Property, Plant And Equipment And Intangible Assets [Abstract] |
Property, Plant and Equipment and Intangible Assets | Property, Plant and Equipment and Intangible Assets A summary of our property, plant and equipment is as follows:
| Average Useful Life (Years) |  | 2016 |  |  | 2015 |  |  | 2014 |
Property, plant and equipment, net |  |  |  |  |  |  |
Land |  |  | $ | 1,153 |  |  | $ | 1,184 |  |  |
Buildings and improvements | 15 - 44 |  | 8,306 |  |  | 8,061 |  |  |
Machinery and equipment, including fleet and software | 5 - 15 |  | 25,277 |  |  | 24,764 |  |  |
Construction in progress |  |  | 2,082 |  |  | 1,738 |  |  |
|  |  | 36,818 |  |  | 35,747 |  |  |
Accumulated depreciation |  |  | (20,227 | ) |  | (19,430 | ) |  |
|  |  | $ | 16,591 |  |  | $ | 16,317 |  |  |
Depreciation expense |  |  | $ | 2,217 |  |  | $ | 2,248 |  |  | $ | 2,441 |
Property, plant and equipment is recorded at historical cost. Depreciation and amortization are recognized on a straight-line basis over an asset’s estimated useful life. Land is not depreciated and construction in progress is not depreciated until ready for service. A summary of our amortizable intangible assets is as follows:
|  |  | 2016 |  | 2015 |  | 2014
Amortizable intangible assets, net | Average Useful Life (Years) |  | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net |  |
Acquired franchise rights | 56 – 60 |  | $ | 827 |  |  | $ | (108 | ) |  | $ | 719 |  |  | $ | 820 |  |  | $ | (92 | ) |  | $ | 728 |  |  |
Reacquired franchise rights | 5 – 14 |  | 106 |  |  | (102 | ) |  | 4 |  |  | 105 |  |  | (99 | ) |  | 6 |  |  |
Brands | 20 – 40 |  | 1,277 |  |  | (977 | ) |  | 300 |  |  | 1,298 |  |  | (987 | ) |  | 311 |  |  |
Other identifiable intangibles | 10 – 24 |  | 522 |  |  | (308 | ) |  | 214 |  |  | 526 |  |  | (301 | ) |  | 225 |  |  |
|  |  | $ | 2,732 |  |  | $ | (1,495 | ) |  | $ | 1,237 |  |  | $ | 2,749 |  |  | $ | (1,479 | ) |  | $ | 1,270 |  |  |
Amortization expense |  |  |  |  |  |  | $ | 70 |  |  |  |  |  |  | $ | 75 |  |  | $ | 92 |
Amortization of intangible assets for each of the next five years, based on existing intangible assets as of December 31, 2016 and using average 2016 foreign exchange rates, is expected to be as follows:
|  | 2017 |  |  | 2018 |  |  | 2019 |  |  | 2020 |  |  | 2021 |
Five-year projected amortization |  | $ | 62 |  |  | $ | 60 |  |  | $ | 57 |  |  | $ | 57 |  |  | $ | 55 |
Depreciable and amortizable assets are only evaluated for impairment upon a significant change in the operating or macroeconomic environment. In these circumstances, if an evaluation of the undiscounted cash flows indicates impairment, the asset is written down to its estimated fair value, which is based on discounted future cash flows. Useful lives are periodically evaluated to determine whether events or circumstances have occurred which indicate the need for revision. For additional unaudited information on our policies for amortizable brands, see “Our Critical Accounting Policies” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. Nonamortizable Intangible Assets We did not recognize any impairment charges for goodwill in each of the fiscal years ended December 31, 2016, December 26, 2015 and December 27, 2014. We recognized no material impairment charges for nonamortizable intangible assets in each of the fiscal years ended December 31, 2016, December 26, 2015 and December 27, 2014. As of December 31, 2016, the estimated fair values of our indefinite-lived reacquired and acquired franchise rights recorded at NAB exceeded their carrying values. However, there could be an impairment of the carrying value of NAB’s reacquired and acquired franchise rights if future revenues and their contribution to the operating results of NAB’s CSD business do not achieve our expected future cash flows or if macroeconomic conditions result in a future increase in the weighted-average cost of capital used to estimate fair value. We have also analyzed the impact of the macroeconomic conditions in Russia and Brazil on the estimated fair value of our indefinite-lived intangible assets in these countries and have concluded that there is no impairment as of December 31, 2016. However, there could be an impairment of the carrying value of certain brands in these countries if there is a further deterioration in these conditions, if future revenues and their contributions to the operating results do not achieve our expected future cash flows or if macroeconomic conditions result in a future increase in the weighted-average cost of capital used to estimate fair value. For additional information on our policies for nonamortizable intangible assets, see Note 2. The change in the book value of nonamortizable intangible assets is as follows:
| Balance, Beginning 2015 |  | Translation and Other |  | Balance, End of 2015 |  | Translation and Other |  | Balance, End of 2016
FLNA |  |  |  |  |  |  |  |  |
Goodwill | $ | 291 |  |  | $ | (24 | ) |  | $ | 267 |  |  | $ | 3 |  |  | $ | 270 |
Brands | 27 |  |  | (5 | ) |  | 22 |  |  | 1 |  |  | 23 |
| 318 |  |  | (29 | ) |  | 289 |  |  | 4 |  |  | 293 |
QFNA |  |  |  |  |  |  |  |  |
Goodwill | 175 |  |  | — |  |  | 175 |  |  | — |  |  | 175 |
NAB |  |  |  |  |  |  |  |  |
Goodwill (a) | 9,846 |  |  | (92 | ) |  | 9,754 |  |  | 89 |  |  | 9,843 |
Reacquired franchise rights | 7,193 |  |  | (151 | ) |  | 7,042 |  |  | 22 |  |  | 7,064 |
Acquired franchise rights | 1,538 |  |  | (31 | ) |  | 1,507 |  |  | 5 |  |  | 1,512 |
Brands (a) | 108 |  |  | — |  |  | 108 |  |  | 206 |  |  | 314 |
| 18,685 |  |  | (274 | ) |  | 18,411 |  |  | 322 |  |  | 18,733 |
Latin America |  |  |  |  |  |  |  |  |
Goodwill | 644 |  |  | (123 | ) |  | 521 |  |  | 32 |  |  | 553 |
Brands (b) | 223 |  |  | (86 | ) |  | 137 |  |  | 13 |  |  | 150 |
| 867 |  |  | (209 | ) |  | 658 |  |  | 45 |  |  | 703 |
ESSA (c) |  |  |  |  |  |  |  |  |
Goodwill | 3,539 |  |  | (497 | ) |  | 3,042 |  |  | 135 |  |  | 3,177 |
Reacquired franchise rights | 571 |  |  | (83 | ) |  | 488 |  |  | — |  |  | 488 |
Acquired franchise rights | 199 |  |  | (9 | ) |  | 190 |  |  | (6 | ) |  | 184 |
Brands | 2,663 |  |  | (451 | ) |  | 2,212 |  |  | 146 |  |  | 2,358 |
| 6,972 |  |  | (1,040 | ) |  | 5,932 |  |  | 275 |  |  | 6,207 |
AMENA |  |  |  |  |  |  |  |  |
Goodwill | 470 |  |  | (52 | ) |  | 418 |  |  | (6 | ) |  | 412 |
Brands | 117 |  |  | (12 | ) |  | 105 |  |  | (2 | ) |  | 103 |
| 587 |  |  | (64 | ) |  | 523 |  |  | (8 | ) |  | 515 |
Total goodwill | 14,965 |  |  | (788 | ) |  | 14,177 |  |  | 253 |  |  | 14,430 |
Total reacquired franchise rights | 7,764 |  |  | (234 | ) |  | 7,530 |  |  | 22 |  |  | 7,552 |
Total acquired franchise rights | 1,737 |  |  | (40 | ) |  | 1,697 |  |  | (1 | ) |  | 1,696 |
Total brands | 3,138 |  |  | (554 | ) |  | 2,584 |  |  | 364 |  |  | 2,948 |
| $ | 27,604 |  |  | $ | (1,616 | ) |  | $ | 25,988 |  |  | $ | 638 |  |  | $ | 26,626 |
(a) | The change in 2016 is primarily related to our acquisition of KeVita, Inc.
(b) | The change in 2015 includes a reduction of $41 million of nonamortizable brands arising from the Venezuela deconsolidation.
(c) | The change in 2016 and 2015 primarily reflects the currency fluctuation of the Russian ruble.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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