Coca Cola 2008 Annual Report Download - page 99
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THE COCA-COLA COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 5: GOODWILL, TRADEMARKS AND OTHER INTANGIBLE ASSETS (Continued)
Total amortization expense for intangible assets subject to amortization was approximately $54 million,
$33 million and $18 million for the years ended December 31, 2008, 2007 and 2006, respectively.
Information about estimated amortization expense for intangible assets subject to amortization for the five
years succeeding December 31, 2008, is as follows (in millions):
Amortization
Expense
2009 $56
2010 53
2011 50
2012 45
2013 37
Goodwill by operating segment was as follows (in millions):
December 31, 2008 2007
Eurasia & Africa $36$36
Europe 739 780
Latin America 229 207
North America 2,156 2,412
Pacific 106 30
Bottling Investments 763 791
$ 4,029 $ 4,256
NOTE 6: ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Accounts payable and accrued expenses consisted of the following (in millions):
December 31, 2008 2007
Other accrued expenses $ 1,985 $ 2,379
Accrued marketing 1,694 1,749
Trade accounts payable 1,370 1,380
Accrued compensation 548 696
Sales, payroll and other taxes 303 352
Container deposits 305 359
Accounts payable and accrued expenses $ 6,205 $ 6,915
NOTE 7: SHORT-TERM BORROWINGS AND CREDIT ARRANGEMENTS
Loans and notes payable consist primarily of commercial paper issued in the United States. As of
December 31, 2008 and 2007, we had approximately $5,389 million and $5,420 million, respectively, outstanding
in commercial paper borrowings. Our weighted-average interest rates for commercial paper outstanding were
approximately 1.7 percent and 4.5 percent per year at December 31, 2008 and 2007, respectively. In addition, we
had approximately $3,462 million in lines of credit and other short-term credit facilities available as of
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