Pepsi 2013 Annual Report Download - page 102

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84
Amortization of intangible assets for each of the next five years, based on existing intangible assets as of
December 28, 2013 and using average 2013 foreign exchange rates, is expected to be as follows:
2014 2015 2016 2017 2018
Five-year projected amortization $94$85$76$71$70
Depreciable and amortizable assets are only evaluated for impairment upon a significant change in the
operating or macroeconomic environment. In these circumstances, if an evaluation of the undiscounted cash
flows indicates impairment, the asset is written down to its estimated fair value, which is based on discounted
future cash flows. Useful lives are periodically evaluated to determine whether events or circumstances have
occurred which indicate the need for revision. For additional unaudited information on our policies for
amortizable brands, see “Our Critical Accounting Policies” in Management’s Discussion and Analysis of
Financial Condition and Results of Operations.