Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in the carrying amount of goodwill by reportable segment

Changes in the carrying amount of goodwill by reportable segment are as follows:

(in millions)	Coffee Systems			Packaged Beverages			Beverage Concentrates			Latin America Beverages			Total
Balance as of January 1, 2020	$	9,775		$	5,301		$	4,526		$	570		$	20,172
Foreign currency translation	(27		)	(17		)	(10		)	(89		)	(143		)
Balance as of September 30, 2020	$	9,748		$	5,284		$	4,516		$	481		$	20,029

Schedule of net carrying amounts of intangible assets other than goodwill with indefinite lives

The net carrying amounts of intangible assets other than goodwill with indefinite lives are as follows:

(in millions)	September 30, 2020		December 31, 2019
Brands(1)	$	19,741	$	19,948
Trade names	2,480		2,479
Contractual arrangements	121		122
Distribution rights	30		16
Total	$	22,372	$	22,565

(1)

The decrease of $207 million in brands with indefinite lives was due to foreign currency translation during the first nine months of 2020.

Schedule of net carrying amounts of intangible assets other than goodwill with definite lives

The net carrying amounts of intangible assets other than goodwill with definite lives are as follows:

	September 30, 2020							December 31, 2019
(in millions)	Gross Amount		Accumulated Amortization			Net Amount		Gross Amount		Accumulated Amortization			Net Amount
Acquired technology	$	1,146	$	(310	)	$	836	$	1,146	$	(255	)	$	891
Customer relationships	635		(126		)	509		638		(102		)	536
Trade names	127		(66		)	61		128		(55		)	73
Contractual arrangements	24		(4		)	20		24		(3		)	21
Brands	21		(4		)	17		10		(2		)	8
Distribution rights	24		(5		)	19		24		(1		)	23
Total	$	1,977	$	(515	)	$	1,462	$	1,970	$	(418	)	$	1,552

Schedule of amortization expense for intangible assets with definite lives

Amortization expense for intangible assets with definite lives was as follows:

	Third Quarter				First Nine Months
(in millions)	2020		2019		2020		2019
Amortization expense for intangible assets with definite lives	$	34	$	31	$	100	$	94

Schedule of future amortization expense

Amortization expense of these intangible assets over the remainder of 2020 and the next five years is expected to be as follows:

	Remainder of 2020		For the Years Ending December 31,
(in millions)			2021		2022		2023		2024		2025
Expected amortization expense for intangible assets with definite lives	$	33	$	133	$	132	$	132	$	123	$	111