Coca Cola 2014 Annual Report Download - page 102

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Net Receivables and Dividends from Equity Method Investees
Total net receivables due from equity method investees were $1,448 million and $1,308 million as of December 31, 2014 and 2013,
respectively. The total amount of dividends received from equity method investees was $398 million, $401 million and $393 million
for the years ended December 31, 2014, 2013 and 2012, respectively. Dividends received included a $35 million special dividend from
Coca-Cola Hellenic during 2012. We classified the receipt of the special dividend in cash flows from operating activities because our
cumulative equity in earnings from Coca-Cola Hellenic exceeded the cumulative distributions received; therefore, the dividends were
deemed to be a return on our investment and not a return of our investment.
NOTE 7: PROPERTY, PLANT AND EQUIPMENT
The following table summarizes our property, plant and equipment (in millions):
December 31, 2014 2013
L and $ 972 $ 1,011
Buildings and
improvements
5,539 5,605
Machinery, equipment and vehicle
fleet
18,225 17,551
Construction in
progress
522 865
$ 25,258 $ 25,032
Less accumulated
depreciation
10,625 10,065
Property, plant and equipment —
net
$ 14,633 $ 14,967
NOTE 8: INTANGIBLE ASSETS
Indefinite-Lived Intangible Assets
The following table summarizes information related to indefinite-lived intangible assets (in millions):
December 31, 2014 2013
T
rademarks
1
$ 6,533 $ 6,744
Bottlers’ franchise
rights
2,3
6,689 7,415
Goodwill 12,100 12,312
Other 170 171
Indefinite-lived intangible assets $ 25,492 $ 26,642
1 The decrease in 2014 was primarily the result of changes in brand strategies causing certain trademarks to become definite-lived, the transfer of the
Company’s energy brands to assets held for sale and the effect of translation adjustments. This decrease was partially offset by the finalization of purchase
accounting related to the Company’s consolidation of innocent in 2013. Refer to Note 2 for additional information.
2 The decrease in 2014 was primarily related to North America refranchising. Refer to Note 2 for additional information.
3 The Company has agreements with Dr Pepper Snapple Group, Inc. (“DPSG”) to distribute Dr Pepper trademark brands in the United States, Canada
Dry in the Northeastern United States, and Canada Dry and C’ Plus in Canada. As of December 31, 2014, the agreements have remaining terms of
16 years, with automatic 20-year renewal periods unless otherwise terminated under the terms of the agreements and there are no significant costs
to renew the agreements. The Company anticipates using the assets indefinitely. The distribution rights acquired from DPSG are the only significant
indefinite-lived intangible assets subject to renewal or extension arrangements. The carrying values of these rights as of December 31, 2014 and 2013,
were $784 million and $865 million, respectively. The decrease is related to North America refranchising. Refer to Note 2 for additional information.