XML 45 R28.htm IDEA: XBRL DOCUMENT
v3.3.1.900

SUBSEQUENT EVENTS | 12 Months Ended
--- | ---
Dec. 31, 2015
SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS | 20. SUBSEQUENT EVENTS On February 22, 2016, the Company entered into a definitive agreement to acquire flavor supplier and long-time business partner, American Fruits & Flavors (“AFF”) in a transaction that will bring the Company’s primary flavor supplier in-house, secure the intellectual property of the Company’s most important flavors in perpetuity and further enhance its flavor development and global flavor footprint capabilities. Pursuant to the terms of the transaction, the Company will purchase AFF for $690 million, subject to adjustments. The transaction, which is expected to close in the first quarter of 2016, is subject to customary closing conditions. On February 24, 2016, the Company’s Board of Directors authorized a repurchase program of up to $1.75 billion of the Company’s outstanding common stock. In addition, there is approximately $250 million remaining available under the 2015 Share Repurchase Plan.

X
- References No definition available. + Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration