Intangible Assets

8 Months Ended

Sep. 04, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

A summary of our amortizable intangible assets is as follows:


	9/4/2021						12/26/2020
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Acquired franchise rights	$	981	$	(184)	$	797	$	976	$	(173)	$	803
Customer relationships	638		(222)		416		642		(204)		438
Brands (a)	1,164		(992)		172		1,348		(1,099)		249
Other identifiable intangibles	456		(257)		199		474		(261)		213
Total	$	3,239	$	(1,655)	$	1,584	$	3,440	$	(1,737)	$	1,703

(a)The change primarily reflects assets reclassified as held for sale in connection with our agreement to sell certain juice brands. See Note 12 for further information.

The change in the book value of indefinite-lived intangible assets is as follows:


	Balance 12/26/2020		Acquisitions/(Divestitures)		Translation and Other		Balance 9/4/2021

FLNA (a)
Goodwill	$	465	$	(8)	$	4	$	461
Brands	340		—		1		341
Total	805		(8)		5		802
QFNA
Goodwill	189		—		—		189
Total	189		—		—		189
PBNA (b)
Goodwill	12,189		(216)		11		11,984
Reacquired franchise rights	7,107		—		18		7,125
Acquired franchise rights	1,536		1		4		1,541
Brands (c)	3,122		(290)		(324)		2,508
Total	23,954		(505)		(291)		23,158
LatAm
Goodwill	458		—		(10)		448
Brands	108		—		(3)		105
Total	566		—		(13)		553
Europe (b)
Goodwill	3,806		(28)		(9)		3,769
Reacquired franchise rights	496		(24)		(10)		462
Acquired franchise rights	172		—		(6)		166
Brands (c)	4,072		—		278		4,350
Total	8,546		(52)		253		8,747
AMESA
Goodwill	1,096		(2)		27		1,121
Brands	214		—		10		224
Total	1,310		(2)		37		1,345
APAC
Goodwill	554		3		2		559
Brands (c)	445		—		24		469
Total	999		3		26		1,028

Total goodwill	18,757		(251)		25		18,531
Total reacquired franchise rights	7,603		(24)		8		7,587
Total acquired franchise rights	1,708		1		(2)		1,707
Total brands	8,301		(290)		(14)		7,997
Total	$	36,369	$	(564)	$	17	$	35,822

(a)The change in acquisitions/divestitures primarily reflects our acquisition of BFY Brands, Inc. (BFY Brands).

(b)The change in acquisitions/divestitures primarily reflects assets reclassified as held for sale in connection with our agreement to sell certain juice brands. See Note 12 for further information.

(c)The change in translation and other primarily reflects the allocation of the Rockstar Energy Beverages (Rockstar) brand to the respective divisions, which was finalized in the second quarter of 2021 as part of purchase price allocation.