Intangible Assets (Tables)

8 Months Ended

Sep. 03, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

A summary of our amortizable intangible assets is as follows:

	9/3/2022						12/25/2021
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Acquired franchise rights (a)	$	844	$	(197)	$	647	$	976	$	(187)	$	789
Customer relationships	596		(243)		353		623		(227)		396
Brands	1,102		(971)		131		1,151		(989)		162
Other identifiable intangibles	448		(265)		183		451		(260)		191
Total	$	2,990	$	(1,676)	$	1,314	$	3,201	$	(1,663)	$	1,538

(a)Decrease is primarily due to the write-off of our distribution rights for Bang energy drinks. See Note 1 for further information.

Schedule Of Change In Book Value Of Indefinite-Lived Intangible Assets

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

	Balance 12/25/2021		Acquisitions		Impairment		Translation and Other		Balance 9/3/2022
FLNA
Goodwill	$	458	$	—	$	—	$	(3)	$	455
Brands	340		—		—		(1)		339
Total	798		—		—		(4)		794
QFNA
Goodwill	189		—		—		—		189
Total	189		—		—		—		189
PBNA			—
Goodwill	11,974		—		—		(14)		11,960
Reacquired franchise rights	7,107		—		—		(22)		7,085
Acquired franchise rights (a)	1,538		177		—		(5)		1,710
Brands	2,508		—		—		—		2,508
Total	23,127		177		—		(41)		23,263
LatAm
Goodwill	433		—		—		8		441
Brands (b)	100		—		(29)		6		77
Total	533		—		(29)		14		518
Europe (c)
Goodwill	3,700		—		—		103		3,803
Reacquired franchise rights	441		—		—		(18)		423
Acquired franchise rights	158		—		(1)		(18)		139
Brands (d)	4,254		—		(1,420)		90		2,924
Total	8,553		—		(1,421)		157		7,289
AMESA
Goodwill	1,063		14		—		(56)		1,021
Brands	205		—		—		(14)		191
Total	1,268		14		—		(70)		1,212
APAC
Goodwill	564		—		—		(45)		519
Brands	476		—		—		(34)		442
Total	1,040		—		—		(79)		961
Total goodwill	18,381		14		—		(7)		18,388
Total reacquired franchise rights	7,548		—		—		(40)		7,508
Total acquired franchise rights	1,696		177		(1)		(23)		1,849
Total brands	7,883		—		(1,449)		47		6,481
Total	$	35,508	$	191	$	(1,450)	$	(23)	$	34,226

    

(a)Acquisitions reflects our agreement with Celsius Holdings, Inc. (Celsius), entered into in the third quarter of 2022, to distribute Celsius energy drinks in the United States. See Note 8 for further information.

(b)Impairment reflects our decision to sell or discontinue certain non-strategic brands. See Note 1 for further information.

(c)Translation and other primarily represents the appreciation of the Russian ruble.

(d)Impairment represents the decrease in fair value as a result of the Russia-Ukraine conflict and the discontinuation or repositioning of certain juice and dairy brands in Russia.