Coca Cola 2015 Annual Report Download - page 138
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The following table summarizes the balance of accrued expenses related to these productivity and reinvestment initiatives and the changes in the accrued
amounts since the commencement of the plan (in millions):
Severance Pay
and Benefits
Outside Services
Other
Direct Costs
Total
2013
Accrued balance as of January 1 $ 12
$ 6
$ 8
$ 26
Costs incurred 188
59
247
494
Payments (113)
(59)
(209)
(381)
Noncash and exchange 1
—
(28)
(27)
Accrued balance as of December 31 $ 88
$ 6
$ 18
$ 112
2014
Costs incurred $ 277
$ 77
$ 247
$ 601
Payments (103)
(79)
(220)
(402)
Noncash and exchange (2)
—
(24)
(26)
Accrued balance as of December 31 $ 260
$ 4
$ 21
$ 285
Costs incurred
Payments
Noncash and exchange
Accrued balance as of December 31
1 Includes pension settlement charges. Refer to Note 13.
Integration Initiatives
Integration of Our German Bottling Operations
In 2008, the Company began an integration initiative related to our German bottling operations acquired in 2007. The Company incurred $292 million, $208
million and $187 million of expenses related to this initiative in 2015, 2014 and 2013, respectively, and has incurred total pretax expenses of $1,127 million
related to this initiative since it commenced. These expenses were recorded in the line item other operating charges in our consolidated statements of income
and impacted the Bottling Investments operating segment. The expenses recorded in connection with these integration activities have been primarily due to
involuntary terminations. The Company had $122 million and $101 million accrued related to these integration costs as of December 31, 2015 and 2014,
respectively.
The Company is currently reviewing other restructuring opportunities within the German bottling operations, which if implemented will result in additional
charges in future periods. However, as of December 31, 2015, the Company had not finalized any additional plans.
As of December 31, 2015, our organizational structure consisted of the following operating segments: Eurasia and Africa; Europe; Latin America; North
America; Asia Pacific; Bottling Investments; and Corporate.
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