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Intangible Assets (Tables) | 12 Months Ended
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Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Amortizable Intangible Assets, Net | A summary of our amortizable intangible assets is as follows:
|  |  | 2023 |  | 2022 |  | 2021
| Average Useful Life (Years) |  | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net |  |
Acquired franchise rights | 56 – 60 |  | $ | 840 |  |  | $ | (214) |  |  | $ | 626 |  |  | $ | 837 |  |  | $ | (200) |  |  | $ | 637 |  |  |
Customer relationships | 10 – 24 |  | 560 |  |  | (265) |  |  | 295 |  |  | 571 |  |  | (237) |  |  | 334 |  |  |
Brands | 20 – 40 |  | 1,093 |  |  | (989) |  |  | 104 |  |  | 1,097 |  |  | (973) |  |  | 124 |  |  |
Other identifiable intangibles | 10 – 24 |  | 449 |  |  | (275) |  |  | 174 |  |  | 447 |  |  | (265) |  |  | 182 |  |  |
Total |  |  | $ | 2,942 |  |  | $ | (1,743) |  |  | $ | 1,199 |  |  | $ | 2,952 |  |  | $ | (1,675) |  |  | $ | 1,277 |  |  |
Amortization expense |  |  |  |  |  |  | $ | 75 |  |  |  |  |  |  | $ | 78 |  |  | $ | 91 |
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 30, 2023 and using average 2023 foreign exchange rates, is expected to be as follows:
| 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028
Five-year projected amortization | $ | 72 |  |  | $ | 70 |  |  | $ | 62 |  |  | $ | 60 |  |  | $ | 59 |
Change in Book Value of Nonamortizable Intangible Assets | The change in the book value of indefinite-lived intangible assets is as follows:
| Balance, Beginning 2022 |  | Acquisitions |  | Impairment |  | Translation and Other |  | Balance, End of 2022 |  | Acquisitions |  | Impairment |  | Translation and Other |  | Balance, End of 2023
FLNA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 458 |  |  | $ | — |  |  | $ | — |  |  | $ | (7) |  |  | $ | 451 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | 453 |
Brands (a) | 340 |  |  | — |  |  | (88) |  |  | (1) |  |  | 251 |  |  | — |  |  | — |  |  | — |  |  | 251 |
Total | 798 |  |  | — |  |  | (88) |  |  | (8) |  |  | 702 |  |  | — |  |  | — |  |  | 2 |  |  | 704 |
QFNA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 189 |  |  | — |  |  | — |  |  | — |  |  | 189 |  |  | — |  |  | — |  |  | — |  |  | 189 |
Total | 189 |  |  | — |  |  | — |  |  | — |  |  | 189 |  |  | — |  |  | — |  |  | — |  |  | 189 |
PBNA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 11,974 |  |  | — |  |  | — |  |  | (27) |  |  | 11,947 |  |  | 4 |  |  | — |  |  | 10 |  |  | 11,961 |
Reacquired franchise rights | 7,107 |  |  | — |  |  | — |  |  | (46) |  |  | 7,061 |  |  | 36 |  |  | — |  |  | 17 |  |  | 7,114 |
Acquired franchise rights (b) | 1,538 |  |  | 230 |  |  | — |  |  | (10) |  |  | 1,758 |  |  | 14 |  |  | — |  |  | (35) |  |  | 1,737 |
Brands | 2,508 |  |  | — |  |  | — |  |  | — |  |  | 2,508 |  |  | — |  |  | — |  |  | — |  |  | 2,508 |
Total | 23,127 |  |  | 230 |  |  | — |  |  | (83) |  |  | 23,274 |  |  | 54 |  |  | — |  |  | (8) |  |  | 23,320 |
LatAm |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 433 |  |  | — |  |  | — |  |  | 3 |  |  | 436 |  |  | — |  |  | — |  |  | 24 |  |  | 460 |
Brands (c) | 100 |  |  | — |  |  | (29) |  |  | 4 |  |  | 75 |  |  | — |  |  | — |  |  | 7 |  |  | 82 |
Total | 533 |  |  | — |  |  | (29) |  |  | 7 |  |  | 511 |  |  | — |  |  | — |  |  | 31 |  |  | 542 |
Europe |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill (d)(e) | 3,700 |  |  | — |  |  | — |  |  | (54) |  |  | 3,646 |  |  | — |  |  | (290) |  |  | (190) |  |  | 3,166 |
Reacquired franchise rights | 441 |  |  | — |  |  | — |  |  | (20) |  |  | 421 |  |  | — |  |  | — |  |  | (2) |  |  | 419 |
Acquired franchise rights | 158 |  |  | — |  |  | (1) |  |  | (9) |  |  | 148 |  |  | — |  |  | — |  |  | 6 |  |  | 154 |
Brands (e) | 4,254 |  |  | — |  |  | (2,684) |  |  | 94 |  |  | 1,664 |  |  | — |  |  | (572) |  |  | 32 |  |  | 1,124 |
Total | 8,553 |  |  | — |  |  | (2,685) |  |  | 11 |  |  | 5,879 |  |  | — |  |  | (862) |  |  | (154) |  |  | 4,863 |
AMESA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 1,063 |  |  | 14 |  |  | — |  |  | (62) |  |  | 1,015 |  |  | 34 |  |  | — |  |  | (58) |  |  | 991 |
Brands (f) | 205 |  |  | — |  |  | (36) |  |  | (13) |  |  | 156 |  |  | — |  |  | (6) |  |  | (13) |  |  | 137 |
Total | 1,268 |  |  | 14 |  |  | (36) |  |  | (75) |  |  | 1,171 |  |  | 34 |  |  | (6) |  |  | (71) |  |  | 1,128 |
APAC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | 564 |  |  | — |  |  | — |  |  | (46) |  |  | 518 |  |  | — |  |  | — |  |  | (10) |  |  | 508 |
Brands (g) | 476 |  |  | — |  |  | (172) |  |  | (37) |  |  | 267 |  |  | — |  |  | (59) |  |  | (4) |  |  | 204 |
Total | 1,040 |  |  | — |  |  | (172) |  |  | (83) |  |  | 785 |  |  | — |  |  | (59) |  |  | (14) |  |  | 712 |
Total goodwill | 18,381 |  |  | 14 |  |  | — |  |  | (193) |  |  | 18,202 |  |  | 38 |  |  | (290) |  |  | (222) |  |  | 17,728 |
Total reacquired franchise rights | 7,548 |  |  | — |  |  | — |  |  | (66) |  |  | 7,482 |  |  | 36 |  |  | — |  |  | 15 |  |  | 7,533 |
Total acquired franchise rights | 1,696 |  |  | 230 |  |  | (1) |  |  | (19) |  |  | 1,906 |  |  | 14 |  |  | — |  |  | (29) |  |  | 1,891 |
Total brands | 7,883 |  |  | — |  |  | (3,009) |  |  | 47 |  |  | 4,921 |  |  | — |  |  | (637) |  |  | 22 |  |  | 4,306 |
Total | $ | 35,508 |  |  | $ | 244 |  |  | $ | (3,010) |  |  | $ | (231) |  |  | $ | 32,511 |  |  | $ | 88 |  |  | $ | (927) |  |  | $ | (214) |  |  | $ | 31,458 |
(a)Impairment in 2022 is related to a baked fruit convenient food brand. (b)Acquisitions in 2022 primarily reflect our agreement with Celsius to distribute Celsius energy drinks in the United States. Translation and other in 2023 primarily reflects adjustments to previously recorded amounts related to our agreement with Celsius. See Note 9 for further information. (c)Impairment in 2022 is related to the sale of certain non-strategic brands. See Note 1 for further information. (d)Translation and other in 2023 primarily reflects the depreciation of the Russian ruble, partially offset by appreciation of the euro and British pound. (e)Impairment in 2022 is related to the SodaStream brand, the decrease in fair value as a result of the Russia-Ukraine conflict and the discontinuation or repositioning of certain juice and dairy brands in Russia. Impairments in 2023 are related to SodaStream goodwill and brand. (f)Impairment is related to brands from the Pioneer Foods acquisition. (g)Impairment in 2022 and 2023 is related to the Be & Cheery brand.

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