Coca Cola 2015 Annual Report Download - page 143

• Income (loss) before income taxes was increased by $25 million for Bottling Investments due to the elimination of intercompany profits resulting from
a write-down we recorded on the concentrate sales receivables from our bottling partner in Venezuela, an equity method investee, partially offset by
our proportionate share of their remeasurement loss. Refer to Note 1.
• Income (loss) before income taxes was reduced by $32 million for Corporate as a result of a Brazilian bottling entity's majority interest owners
exercising their option to acquire from us an additional equity interest at an exercise price less than that of our carrying value. Refer to Note 2 and
Note 17.
In 2013, the results of our operating segments were impacted by the following items:
• Operating income (loss) and income (loss) before income taxes were reduced by $2 million for Eurasia and Africa, $57 million for Europe,
$282 million for North America, $26 million for Asia Pacific, $194 million for Bottling Investments and $121 million for Corporate due to charges
related to the Company's productivity and reinvestment program as well as other restructuring initiatives. Refer to Note 18.
• Operating income (loss) and income (loss) before income taxes were reduced by $195 million for Corporate due to impairment charges recorded on
certain of the Company's intangible assets. Refer to Note 17.
• Operating income (loss) and income (loss) before income taxes were reduced by $22 million for Asia Pacific due to charges associated with certain of
the Company's fixed assets. Refer to Note 17.
• Income (loss) before income taxes was increased by $615 million for Corporate due to a gain the Company recognized on the deconsolidation of our
Brazilian bottling operations as a result of their combination with an independent bottling partner. Refer to Note 17.
• Income (loss) before income taxes was reduced by $9 million for Bottling Investments and $140 million for Corporate due to the devaluation of the
Venezuelan bolivar, including our proportionate share of the charge incurred by an equity method investee that has operations in Venezuela. Refer to
Note 1 and Note 17.
• Income (loss) before income taxes was reduced by a net $114 million for Corporate due to the merger of four of the Company's Japanese bottling
partners in which we held equity method investments prior to their merger into CCEJ. Refer to Note 17.
• Income (loss) before income taxes was increased by $139 million for Corporate due to a gain the Company recognized as a result of Coca-Cola
FEMSA issuing additional shares of its own stock during the year at a per share amount greater than the carrying value of the Company's per share
investment. Refer to Note 17.
• Income (loss) before income taxes was reduced by a net $159 million for Bottling Investments due to the Company’s proportionate share of unusual or
infrequent items recorded by certain of our equity method investees. Refer to Note 17.
• Income (loss) before income taxes was reduced by $53 million for Corporate due to charges the Company recognized on the early extinguishment of
certain long-term debt, including the hedge accounting adjustments reclassified from accumulated other comprehensive income to earnings. Refer to
Note 10.

Net cash provided by (used in) operating activities attributable to the net change in operating assets and liabilities is composed of the following (in millions):
Year Ended December 31, 
2014
2013
(Increase) decrease in trade accounts receivable  
$ (253)
$ 28
(Increase) decrease in inventories 
35
(105)
(Increase) decrease in prepaid expenses and other assets 
194
(163)
Increase (decrease) in accounts payable and accrued expenses 
(250)
(158)
Increase (decrease) in accrued taxes 
151
22
Increase (decrease) in other liabilities 
(316)
(556)
Net change in operating assets and liabilities  
$ (439)
$ (932)
140