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Intangible Assets (Tables) | 12 Months Ended
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Dec. 26, 2020
Intangible Assets [Abstract] |
Amortizable Intangible Assets, Net | A summary of our amortizable intangible assets is as follows:
|  |  | 2020 |  | 2019 |  | 2018
| Average Useful Life (Years) |  | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net |  |
Acquired franchise rights (a) | 56 – 60 |  | $ | 976 |  |  | $ | (173) |  |  | $ | 803 |  |  | $ | 846 |  |  | $ | (158) |  |  | $ | 688 |  |  |
Customer relationships (b) | 10 – 24 |  | 642 |  |  | (204) |  |  | 438 |  |  | 457 |  |  | (177) |  |  | 280 |  |  |
Brands | 20 – 40 |  | 1,348 |  |  | (1,099) |  |  | 249 |  |  | 1,326 |  |  | (1,066) |  |  | 260 |  |  |
Other identifiable intangibles | 10 – 24 |  | 474 |  |  | (261) |  |  | 213 |  |  | 459 |  |  | (254) |  |  | 205 |  |  |
Total |  |  | $ | 3,440 |  |  | $ | (1,737) |  |  | $ | 1,703 |  |  | $ | 3,088 |  |  | $ | (1,655) |  |  | $ | 1,433 |  |  |
Amortization expense |  |  |  |  |  |  | $ | 90 |  |  |  |  |  |  | $ | 81 |  |  | $ | 69 |
Future Amortization of Intangible Assets | Amortization is recognized on a straight-line basis over an intangible asset’s estimated useful life. Amortization of intangible assets for each of the next five years, based on existing intangible assets as of December 26, 2020 and using average 2020 foreign exchange rates, is expected to be as follows:
| 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025
Five-year projected amortization | $ | 92 |  |  | $ | 89 |  |  | $ | 87 |  |  | $ | 87 |  |  | $ | 84 |
Change in Book Value of Nonamortizable Intangible Assets | The change in the book value of indefinite-lived intangible assets is as follows:
| Balance, Beginning 2019 |  | Acquisitions |  | Translation and Other |  | Balance, End of 2019 |  | Acquisitions |  | Translation and Other |  | Balance, End of 2020
FLNA (a) |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 297 |  |  | $ | (3) |  |  | $ | 5 |  |  | $ | 299 |  |  | $ | 164 |  |  | $ | 2 |  |  | $ | 465 |
Brands | 161 |  |  | — |  |  | 1 |  |  | 162 |  |  | 179 |  |  | (1) |  |  | 340 |
Total | 458 |  |  | (3) |  |  | 6 |  |  | 461 |  |  | 343 |  |  | 1 |  |  | 805 |
QFNA |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 184 |  |  | 6 |  |  | (1) |  |  | 189 |  |  | — |  |  | — |  |  | 189 |
Brands | 25 |  |  | (14) |  |  | — |  |  | 11 |  |  | — |  |  | (11) |  |  | — |
Total | 209 |  |  | (8) |  |  | (1) |  |  | 200 |  |  | — |  |  | (11) |  |  | 189 |
PBNA (b) |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 9,813 |  |  | 66 |  |  | 19 |  |  | 9,898 |  |  | 2,280 |  |  | 11 |  |  | 12,189 |
Reacquired franchise rights | 7,058 |  |  | — |  |  | 31 |  |  | 7,089 |  |  | — |  |  | 18 |  |  | 7,107 |
Acquired franchise rights | 1,510 |  |  | — |  |  | 7 |  |  | 1,517 |  |  | 16 |  |  | 3 |  |  | 1,536 |
Brands | 353 |  |  | 418 |  |  | (8) |  |  | 763 |  |  | 2,400 |  |  | (41) |  |  | 3,122 |
Total | 18,734 |  |  | 484 |  |  | 49 |  |  | 19,267 |  |  | 4,696 |  |  | (9) |  |  | 23,954 |
LatAm |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 509 |  |  | — |  |  | (8) |  |  | 501 |  |  | — |  |  | (43) |  |  | 458 |
Brands | 127 |  |  | — |  |  | (2) |  |  | 125 |  |  | — |  |  | (17) |  |  | 108 |
Total | 636 |  |  | — |  |  | (10) |  |  | 626 |  |  | — |  |  | (60) |  |  | 566 |
Europe (c) (d) |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 3,361 |  |  | 440 |  |  | 160 |  |  | 3,961 |  |  | (2) |  |  | (153) |  |  | 3,806 |
Reacquired franchise rights | 497 |  |  | — |  |  | 8 |  |  | 505 |  |  | — |  |  | (9) |  |  | 496 |
Acquired franchise rights | 161 |  |  | — |  |  | (4) |  |  | 157 |  |  | — |  |  | 15 |  |  | 172 |
Brands | 4,188 |  |  | (139) |  |  | 132 |  |  | 4,181 |  |  | — |  |  | (109) |  |  | 4,072 |
Total | 8,207 |  |  | 301 |  |  | 296 |  |  | 8,804 |  |  | (2) |  |  | (256) |  |  | 8,546 |
AMESA (e) |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 437 |  |  | 11 |  |  | (2) |  |  | 446 |  |  | 560 |  |  | 90 |  |  | 1,096 |
Brands | — |  |  | — |  |  | — |  |  | — |  |  | 183 |  |  | 31 |  |  | 214 |
Total | 437 |  |  | 11 |  |  | (2) |  |  | 446 |  |  | 743 |  |  | 121 |  |  | 1,310 |
APAC (f) |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 207 |  |  | — |  |  | — |  |  | 207 |  |  | 306 |  |  | 41 |  |  | 554 |
Brands | 101 |  |  | — |  |  | (1) |  |  | 100 |  |  | 309 |  |  | 36 |  |  | 445 |
Total | 308 |  |  | — |  |  | (1) |  |  | 307 |  |  | 615 |  |  | 77 |  |  | 999 |
Total goodwill | 14,808 |  |  | 520 |  |  | 173 |  |  | 15,501 |  |  | 3,308 |  |  | (52) |  |  | 18,757 |
Total reacquired franchise rights | 7,555 |  |  | — |  |  | 39 |  |  | 7,594 |  |  | — |  |  | 9 |  |  | 7,603 |
Total acquired franchise rights | 1,671 |  |  | — |  |  | 3 |  |  | 1,674 |  |  | 16 |  |  | 18 |  |  | 1,708 |
Total brands | 4,955 |  |  | 265 |  |  | 122 |  |  | 5,342 |  |  | 3,071 |  |  | (112) |  |  | 8,301 |
Total | $ | 28,989 |  |  | $ | 785 |  |  | $ | 337 |  |  | $ | 30,111 |  |  | $ | 6,395 |  |  | $ | (137) |  |  | $ | 36,369 |
(a)The change in acquisitions in 2020 primarily reflects our acquisition of BFY Brands. (b)The change in acquisitions in 2020 primarily reflects our acquisition of Rockstar. See Note 14 for further information. The change in acquisitions in 2019 primarily reflects our acquisition of CytoSport Inc. (c)The change in translation and other in 2020 primarily reflects the depreciation of the Russian ruble. The change in translation and other in 2019 primarily reflects the appreciation of the Russian ruble. (d)The change in acquisitions in 2019 primarily reflects our acquisition of SodaStream. See Note 14 for further information. (e)The change in acquisitions in 2020 primarily reflects our acquisition of Pioneer Foods. See Note 14 for further information. (f)The change in acquisitions in 2020 primarily reflects our acquisition of Be & Cheery. See Note 14 for further information.

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