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Intangible Assets (Tables)
3 Months Ended
Mar. 19, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
A summary of our amortizable intangible assets is as follows:
3/19/202212/25/2021
GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Acquired franchise rights (a)
$975 $(189)$786 $976 $(187)$789 
Customer relationships608 (222)386 623 (227)396 
Brands
1,120 (984)136 1,151 (989)162 
Other identifiable intangibles450 (261)189 451 (260)191 
Total$3,153 $(1,656)$1,497 $3,201 $(1,663)$1,538 
(a)Acquired franchise rights includes our distribution agreement with Vital Pharmaceuticals, Inc., with an expected residual value higher than our carrying value. In the fourth quarter of 2020, we received notice of termination without cause, which would end our distribution rights, effective in the fourth quarter of 2023. The distribution agreement’s useful life is three years, in accordance with the three-year termination notice issued.
Schedule Of Change In Book Value Of Nonamortizable Intangible Assets
The change in the book value of indefinite-lived intangible assets is as follows:
Balance
12/25/2021
Translation
and Other
Balance
3/19/2022
FLNA
Goodwill$458 $$460 
Brands340 — 340 
Total798 800 
QFNA
Goodwill189 — 189 
Total189 — 189 
PBNA
Goodwill 11,974 11,980 
Reacquired franchise rights7,107 13 7,120 
Acquired franchise rights1,538 1,540 
Brands2,508 — 2,508 
Total23,127 21 23,148 
LatAm
Goodwill433 15 448 
Brands100 105 
Total533 20 553 
Europe (a)
Goodwill3,700 (308)3,392 
Reacquired franchise rights441 (36)405 
Acquired franchise rights 158 (2)156 
Brands4,254 (513)3,741 
Total8,553 (859)7,694 
AMESA
Goodwill1,063 16 1,079 
Brands205 211 
Total1,268 22 1,290 
APAC
Goodwill564 — 564 
Brands
476 477 
Total1,040 1,041 
Total goodwill18,381 (269)18,112 
Total reacquired franchise rights7,548 (23)7,525 
Total acquired franchise rights1,696 — 1,696 
Total brands7,883 (501)7,382 
Total$35,508 $(793)$34,715 
(a)The change in translation and other primarily represents the depreciation of the Russian ruble and the Brand Portfolio Impairment Charges.