in Coca-Cola Central Japan Company ("Central Japan"). In addition, these activities included immaterial cash payments for the finalization of working capital adjustments related to our acquisition of CCE's former North America business. None of the Company's other acquisitions or investments was individually significant. 

Refer to the heading "Operations Review — Structural Changes, Acquired Brands and New License Agreements" andNote 2 of Notes to Consolidated Financial Statements for additional information related to our acquisitions during the years ended December 31, 2013, 2012 and 2011. 

On February 5, 2014, the Company entered into agreements with Green Mountain Coffee Roasters, Inc. ("GMCR"), providing for the development and introduction of the Company's global brand portfolio for use in GMCR's forthcoming Keurig ColdTM at-home beverage system and the acquisition by the Company of an approximate 10 percent equity position in GMCR. Under the terms of the equity agreement, a wholly-owned subsidiary of the Company agreed to purchase 16,684,139 newly issued shares in GMCR for approximately $1.25 billion. The newly issued shares have been priced at $74.98, which represents the trailing 50-trading-day volume weighted-average price as of the agreement date. The transaction closed on February 27, 2014. 

Proceeds from Disposals of Businesses, Equity Method Investments and Nonmarketable Securities 

In 2013, proceeds from disposals of businesses, equity method investments and nonmarketable securities were $872 million. These proceeds primarily included the sale of a majority ownership interest in our previously consolidated Philippine bottling operations, and separately, the deconsolidation of our Brazilian bottling operations. Refer to Note 2 of Notes to Consolidated Financial Statements for additional information. 

In 2011, proceeds from disposals of businesses, equity method investments and nonmarketable securities were $398 million. These proceeds were primarily related to the sale of our investment in Embonor for $394 million. Refer to Note 2 of Notes to Consolidated Financial Statements for additional information. 

Property, Plant and Equipment 

Purchases of property, plant and equipment net of disposals for the years ended December 31, 2013, 2012 and 2011 were $2,439 million, $2,637 million and $2,819 million, respectively. Total capital expenditures for property, plant and equipment and the percentage of such totals by operating segment were as follows (in millions) 

We expect our annual 2014 capital expenditures to be $2.5 billion to $3.0 billion as we continue to make investments to enable growth in our business and further enhance our operational effectiveness. 

Other Investing Activities 

In 2013, other investing activities were primarily related to the acquisition of trademarks and certain other intangible assets. None of these investments was individually significant. 

In 2012, other investing activities were primarily related to the Company's consolidated Philippine and Brazilian bottling operations being classified as held for sale as of December 31, 2012. Refer to Note 2 of Notes to Consolidated Financial Statements