Coca Cola 2015 Annual Report Download - page 73

Overview of Financial Position
The following table illustrates the change in the individual line items of the Company's consolidated balance sheet (in millions):
December 31, 2015
2014




Cash and cash equivalents $ 7,309
$ 8,958
 

Short-term investments 8,322
9,052


Marketable securities 4,269
3,665


Trade accounts receivable — net 3,941
4,466


Inventories 2,902
3,100


Prepaid expenses and other assets 2,752
3,066


Assets held for sale 3,900
679


Equity method investments 12,318
9,947


Other investments 3,470
3,678


Other assets 4,207
4,407


Property, plant and equipment — net 12,571
14,633


Trademarks with indefinite lives 5,989
6,533


Bottlers' franchise rights with indefinite lives 6,000
6,689


Goodwill 11,289
12,100


Other intangible assets 854
1,050


Total assets $ 90,093
$ 92,023
 

Accounts payable and accrued expenses $ 9,660
$ 9,234
 

Loans and notes payable 13,129
19,130


Current maturities of long-term debt 2,677
3,552


Accrued income taxes 331
400


Liabilities held for sale 1,133
58


Long-term debt 28,407
19,063


Other liabilities 4,301
4,389


Deferred income taxes 4,691
5,636


Total liabilities $ 64,329
$ 61,462
 

Net assets $ 25,764
$ 30,561
  
1 Includes a decrease in net assets of $3,959 million resulting from foreign currency translation adjustments in various balance sheet accounts.
The increases (decreases) in the individual line items in the table above are primarily attributable to North America refranchising and the Company's German
bottling operations being classified as held for sale. Refer to Note 2 of Notes to Consolidated Financial Statements for additional information. Additionally,
the increases (decreases) include the impact of the following:
• Equity method investments increased primarily due to our investment in Monster and a bottling partner in Indonesia, partially offset by the
unfavorable impact of foreign currency exchange rate fluctuations. Refer to Note 2 of Notes to Consolidated Financial Statements for additional
information.
• Trademarks with indefinite lives decreased primarily due to the sale of our energy brands and the discontinuation of the energy products in the glacéau
portfolio as a result of the Monster Transaction. Refer to Note 2 of Notes to Consolidated Financial Statements for additional information.
• Loans and notes payable and current maturities of long-term debt decreased primarily due to the payments related to commercial paper and the
retirement of $3,500 million of long-term debt during the year ended December 31, 2015.
• Long-term debt increased primarily due to the issuances of Swiss franc-denominated, euro-denominated and U.S. dollar-denominated debt, partially
offset by the early extinguishment of debt during the year ended December 31, 2015. Refer to Note 10 of Notes to Consolidated Financial Statements
for additional information.
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