On October 2, 2010, The Coca-Cola Company acquired the 67 percent of CCE’s North American business that was not already owned by the company for consideration of $6.84 billion that included:

• The company’s 33 percent indirect ownership interest in CCE’s European operations.

• Cash consideration.

• Replacement awards issued to certain current and former employees of CCE’s North American and corporate operations.

Access Coca-Cola’s 2010 10-K annual report and answer the following.

1. How did Coca-Cola allocate the acquisition-date fair value of CCE among the assets acquired and liabilities assumed?

2. What are employee replacement awards? How did Coca-Cola account for the replacement award value provided to the former employees of CCE?

3. How did Coca-Cola account for its 33 percent interest in CCE prior to the acquisition of the 67 percent not already owned by Coca-Cola?

4. Upon acquisition of the additional 67 percent interest, how did Coca-Cola account for the change in fair value of its original 33 percent ownership interest?