Intangible Assets (Tables)

12 Months Ended

Dec. 28, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

A summary of our amortizable intangible assets is as follows:


		2024						2023						2022
	Average Useful Life (Years)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Acquired franchise rights	56 – 60	$	821	$	(223)	$	598	$	840	$	(214)	$	626
Customer relationships	15 – 24	565		(279)		286		560		(265)		295
Brands	20 – 40	1,051		(977)		74		1,093		(989)		104
Other identifiable intangibles	10 – 24	420		(276)		144		449		(275)		174
Total		$	2,857	$	(1,755)	$	1,102	$	2,942	$	(1,743)	$	1,199
Amortization expense						$	74					$	75	$	78

Future Amortization of Intangible Assets

Amortization is recognized on a straight-line basis over an intangible asset’s estimated useful life. Amortization of intangible assets for each of the next five years, based on existing intangible assets as of December 28, 2024 and using average 2024 foreign exchange rates, is expected to be as follows:


	2025		2026		2027		2028		2029
Five-year projected amortization	$	73	$	64	$	60	$	59	$	58

Change in Book Value of Nonamortizable Intangible Assets

The components of indefinite-lived intangible assets are as follows:


	2024		2023
Goodwill	$	17,534	$	17,728
Other indefinite-lived intangible assets
Reacquired franchise rights	7,437		7,533
Acquired franchise rights	1,858		1,891
Brands (a)	4,404		4,306
Total indefinite-lived intangible assets	$	31,233	$	31,458

(a) Increase is related to the acquisition of remaining ownership in Sabra. See Note 13 for further information.

The change in the book value of goodwill is as follows:


	PFNA		PBNA		IB Franchise		EMEA (b)		LatAm Foods		Asia Pacific Foods		Total
Balance as of December 31, 2022	$	640	$	11,947	$	2,336	$	2,532	$	373	$	374	$	18,202
Acquisitions	—		4		—		34		—		—		38
Impairment (a)	—		—		(290)		—		—		—		(290)
Translation and other	2		10		(60)		(184)		20		(10)		(222)
Balance as of December 30, 2023	642		11,961		1,986		2,382		393		364		17,728
Acquisitions (c)	159		—		—		—		—		3		162
Translation and other	(10)		(36)		(68)		(188)		(39)		(15)		(356)
Balance as of December 28, 2024	$	791	$	11,925	$	1,918	$	2,194	$	354	$	352	$	17,534

(a)Related to SodaStream.

(b)Translation and other in 2023 primarily reflects the depreciation of the Russian ruble, partially offset by appreciation of the euro and British pound. Translation and other in 2024 primarily reflects the depreciation of the Russian ruble and euro.

(c)Primarily related to the acquisition of remaining ownership in Sabra. See Note 13 for further information.