Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Goodwill by Reportable Segment

Goodwill by reportable segment was:


	As of June 30,		As of December 31,
	2015		2014
	(in millions)

Latin America	$	1,010	$	1,127
Asia Pacific		2,189		2,395
EEMEA		1,456		1,942
Europe		7,463		8,952
North America		8,937		8,973

Goodwill	$	21,055	$	23,389

Intangible Assets Disclosure

Intangible assets consisted of the following:


	As of June 30,			As of December 31,
	2015			2014
	(in millions)

Non-amortizable intangible assets	$	18,272		$	18,810
Amortizable intangible assets		2,460			2,525

		20,732			21,335
Accumulated amortization		(1,055	)		(1,000	)

Intangible assets, net	$	19,677		$	20,335

Changes in Goodwill and Intangible Assets

Changes in goodwill and intangible assets consisted of:


	Goodwill			Intangible Assets, at Cost
	(in millions)

Balance at January 1, 2015	$	23,389		$	21,335
Changes due to:
Currency		(616	)		(659	)
Held for sale due to coffee business transactions		(1,672	)		–
Divestiture		(65	)		–
Acquisition		20			58
Other		(1	)		(2	)

Balance at June 30, 2015	$	21,055		$	20,732

Changes to goodwill and intangibles were:

•

Held for sale – On June 30, 2015, in connection with our July 2, 2015 contribution of our global coffee businesses to JDE, we reclassified $1,672 million of goodwill and less than $1 million of intangible assets to noncurrent assets held for sale.

•

Divestiture – On April 23, 2015, we completed the divestiture of our 50 percent interest in AGF, which resulted in divesting $65 million of goodwill.

•

Acquisition – On February 16, 2015, we acquired Enjoy Life Foods and recorded $20 million of goodwill and $58 million in identifiable intangible assets.