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Property, Plant and Equipment and Intangible Assets | 12 Months Ended
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Dec. 29, 2018
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) |  | 2018 |  |  | 2017 |  |  | 2016 |
Property, plant and equipment, net |  |  |  |  |  |  |
Land |  |  | $ | 1,078 |  |  | $ | 1,148 |  |  |
Buildings and improvements | 15 - 44 |  | 8,941 |  |  | 8,796 |  |  |
Machinery and equipment, including fleet and software | 5 - 15 |  | 27,715 |  |  | 27,018 |  |  |
Construction in progress |  |  | 2,430 |  |  | 2,144 |  |  |
|  |  | 40,164 |  |  | 39,106 |  |  |
Accumulated depreciation |  |  | (22,575 | ) |  | (21,866 | ) |  |
|  |  | $ | 17,589 |  |  | $ | 17,240 |  |  |
Depreciation expense |  |  | $ | 2,241 |  |  | $ | 2,227 |  |  | $ | 2,217 |
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:
|  |  | 2018 |  | 2017 |  | 2016 |
Amortizable intangible assets, net | Average Useful Life (Years) |  | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net |  |
Acquired franchise rights | 56 – 60 |  | $ | 838 |  |  | $ | (140 | ) |  | $ | 698 |  |  | $ | 858 |  |  | $ | (128 | ) |  | $ | 730 |  |  |
Reacquired franchise rights | 5 – 14 |  | 106 |  |  | (105 | ) |  | 1 |  |  | 106 |  |  | (104 | ) |  | 2 |  |  |
Brands | 20 – 40 |  | 1,306 |  |  | (1,032 | ) |  | 274 |  |  | 1,322 |  |  | (1,026 | ) |  | 296 |  |  |
Other identifiable intangibles (a) | 10 – 24 |  | 959 |  |  | (288 | ) |  | 671 |  |  | 521 |  |  | (281 | ) |  | 240 |  |  |
|  |  | $ | 3,209 |  |  | $ | (1,565 | ) |  | $ | 1,644 |  |  | $ | 2,807 |  |  | $ | (1,539 | ) |  | $ | 1,268 |  |  |
Amortization expense |  |  |  |  |  |  | $ | 69 |  |  |  |  |  |  | $ | 68 |  |  | $ | 70 |
(a) | The change in 2018 is primarily related to our acquisition of SodaStream.
Amortization of intangible assets for each of the next five years, based on existing intangible assets as of December 29, 2018 and using average 2018 foreign exchange rates, is expected to be as follows:
| 2019 |  |  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |
Five-year projected amortization | $ | 89 |  |  | $ | 89 |  |  | $ | 87 |  |  | $ | 85 |  |  | $ | 83 |
Depreciable and amortizable assets are 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. Indefinite-Lived Intangible Assets We did not recognize any impairment charges for goodwill in each of the fiscal years ended December 29, 2018, December 30, 2017 and December 31, 2016. We recognized no material impairment charges for indefinite-lived intangible assets in each of the fiscal years ended December 29, 2018, December 30, 2017 and December 31, 2016. As of December 29, 2018, 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 were no material impairments for the year ended December 29, 2018. However, there could be an impairment of the carrying value of certain brands in these countries if there is a deterioration in these conditions, if future revenues and their contributions to the operating results do not achieve our expected future cash flows, if there are significant changes in the decisions regarding assets that do not perform consistent with our expectations, 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 indefinite-lived intangible assets, see Note 2. The change in the book value of indefinite-lived intangible assets is as follows:
| Balance, Beginning 2017 |  | Translation and Other |  | Balance, End of 2017 |  | Acquisitions/ (Divestitures) |  | Translation and Other |  | Balance, End of 2018
FLNA |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 270 |  |  | $ | 10 |  |  | $ | 280 |  |  | $ | 28 |  |  | $ | (11 | ) |  | $ | 297 |
Brands | 23 |  |  | 2 |  |  | 25 |  |  | 138 |  |  | (2 | ) |  | 161 |
| 293 |  |  | 12 |  |  | 305 |  |  | 166 |  |  | (13 | ) |  | 458 |
QFNA |  |  |  |  |  |  |  |  |  |  |
Goodwill | 175 |  |  | — |  |  | 175 |  |  | 9 |  |  | — |  |  | 184 |
Brands | — |  |  | — |  |  | — |  |  | 25 |  |  | — |  |  | 25 |
| 175 |  |  | — |  |  | 175 |  |  | 34 |  |  | — |  |  | 209 |
NAB (a) |  |  |  |  |  |  |  |  |  |  |
Goodwill | 9,843 |  |  | 11 |  |  | 9,854 |  |  | — |  |  | (41 | ) |  | 9,813 |
Reacquired franchise rights | 7,064 |  |  | 62 |  |  | 7,126 |  |  | — |  |  | (68 | ) |  | 7,058 |
Acquired franchise rights | 1,512 |  |  | 13 |  |  | 1,525 |  |  | — |  |  | (15 | ) |  | 1,510 |
Brands | 314 |  |  | 39 |  |  | 353 |  |  | — |  |  | — |  |  | 353 |
| 18,733 |  |  | 125 |  |  | 18,858 |  |  | — |  |  | (124 | ) |  | 18,734 |
Latin America |  |  |  |  |  |  |  |  |  |  |
Goodwill | 553 |  |  | 2 |  |  | 555 |  |  | — |  |  | (46 | ) |  | 509 |
Brands | 150 |  |  | (9 | ) |  | 141 |  |  | — |  |  | (14 | ) |  | 127 |
| 703 |  |  | (7 | ) |  | 696 |  |  | — |  |  | (60 | ) |  | 636 |
ESSA (b) |  |  |  |  |  |  |  |  |  |  |
Goodwill | 3,177 |  |  | 275 |  |  | 3,452 |  |  | 526 |  |  | (367 | ) |  | 3,611 |
Reacquired franchise rights | 488 |  |  | 61 |  |  | 549 |  |  | (1 | ) |  | (51 | ) |  | 497 |
Acquired franchise rights | 184 |  |  | 11 |  |  | 195 |  |  | (25 | ) |  | (9 | ) |  | 161 |
Brands | 2,358 |  |  | 187 |  |  | 2,545 |  |  | 1,993 |  |  | (350 | ) |  | 4,188 |
| 6,207 |  |  | 534 |  |  | 6,741 |  |  | 2,493 |  |  | (777 | ) |  | 8,457 |
AMENA |  |  |  |  |  |  |  |  |  |  |
Goodwill | 412 |  |  | 16 |  |  | 428 |  |  | — |  |  | (34 | ) |  | 394 |
Brands | 103 |  |  | 8 |  |  | 111 |  |  | — |  |  | (10 | ) |  | 101 |
| 515 |  |  | 24 |  |  | 539 |  |  | — |  |  | (44 | ) |  | 495 |
Total goodwill | 14,430 |  |  | 314 |  |  | 14,744 |  |  | 563 |  |  | (499 | ) |  | 14,808 |
Total reacquired franchise rights | 7,552 |  |  | 123 |  |  | 7,675 |  |  | (1 | ) |  | (119 | ) |  | 7,555 |
Total acquired franchise rights | 1,696 |  |  | 24 |  |  | 1,720 |  |  | (25 | ) |  | (24 | ) |  | 1,671 |
Total brands | 2,948 |  |  | 227 |  |  | 3,175 |  |  | 2,156 |  |  | (376 | ) |  | 4,955 |
| $ | 26,626 |  |  | $ | 688 |  |  | $ | 27,314 |  |  | $ | 2,693 |  |  | $ | (1,018 | ) |  | $ | 28,989 |
(a) | The change in translation and other in 2018 primarily reflects the depreciation of the Canadian dollar.
(b) | The change in acquisitions/(divestitures) in 2018 is primarily related to the preliminary allocation of the purchase price for our acquisition of SodaStream. See Note 14 for further information. The change in translation and other in 2018 primarily reflects the depreciation of the Russian ruble, euro and Pound sterling. The change in translation and other in 2017 primarily reflects the appreciation of the Russian ruble and euro.

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- Definition Property Plant And Equipment And Intangible Assets [Abstract] + References No definition available. + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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