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Consolidated Balance Sheet PepsiCo, Inc. and Subsidiaries December 27, 2014 and December 28, 2013 (in millions except per share amounts) THE COCA-COLA COMPANY AND SUBSIDIARIES

Consolidated Balance Sheet

PepsiCo, Inc. and Subsidiaries

December 27, 2014 and December 28, 2013

(in millions except per share amounts)

image text in transcribed

THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS
December 31,

2014

2013

(In millions except par value)
ASSETS
CURRENT ASSETS
Cash and cash equivalents

$8,958

$10,414

Short-term investments

9,052

6,707

TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

18,010

17,121

Marketable securities

3,665

3,147

Trade accounts receivable, less allowances of $331 and $61, respectively

4,466

4,873

Inventories

3,100

3,277

Prepaid expenses and other assets

3,066

2,886

Assets held for sale

679

TOTAL CURRENT ASSETS

32,986

31,304

EQUITY METHOD INVESTMENTS

9,947

10,393

OTHER INVESTMENTS

3,678

1,119

OTHER ASSETS

4,407

4,661

PROPERTY, PLANT AND EQUIPMENT net

14,633

14,967

TRADEMARKS WITH INDEFINITE LIVES

6,533

6,744

BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES

6,689

7,415

GOODWILL

12,100

12,312

OTHER INTANGIBLE ASSETS

1,050

1,140

TOTAL ASSETS

$92,023

$90,055

LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable and accrued expenses

$9,234

$9,577

Loans and notes payable

19,130

16,901

Current maturities of long-term debt

3,552

1,024

Accrued income taxes

400

309

Liabilities held for sale

58

TOTAL CURRENT LIABILITIES

32,374

27,811

LONG-TERM DEBT

19,063

19,154

OTHER LIABILITIES

4,389

3,498

DEFERRED INCOME TAXES

5,636

6,152

THE COCA-COLA COMPANY SHAREOWNERS' EQUITY
Common stock, $0.25 par value; Authorized 11,200 shares;
Issued 7,040 and 7,040 shares, respectively

1,760

1,760

Capital surplus

13,154

12,276

Reinvested earnings

63,408

61,660

Accumulated other comprehensive income (loss)

(5,777)

(3,432)

Treasury stock, at cost 2,674 and 2,638 shares, respectively

(42,225)

(39,091)

EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY

30,320

33,173

EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS

241

267

TOTAL EQUITY

30,561

33,440

TOTAL LIABILITIES AND EQUITY

$92,023

$90,055

The Coca-Cola Company and PepsiCo, Inc.

The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online.

Instructions

(d)For year-end 2014, what amounts were reported by Coca-Cola and PepsiCo as (1) gross deferred tax assets and (2) gross deferred tax liabilities?

(e)Do either Coca-Cola or PepsiCo disclose any net operating loss carrybacks and/or carryforwards at year-end 2014? What are the amounts, and when do the carryforwards expire?

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