sales are denominated in U.S. dollars. If we are unable to utilize a government-approved exchange rate mechanism to settle future concentrate sales to our bottling partner in Venezuela, the Company's outstanding receivables balance related to these sales will continue to increase. In addition, we have certain intangible assets associated with products sold in Venezuela. If the bolivar further devalues, it could result in the impairment of these intangible assets. As of December 31, 2012, the carrying value of our accounts receivable from our bottling partner in Venezuela for these concentrate sales and intangible assets associated with products sold in Venezuela totaled

$216 million. 

The Company will continue to manage its foreign currency exposure to mitigate, over time, a portion of the impact of exchange rate changes on net income and earnings per share. 

The table above includes the impact of the following transactions and events: 

Cashandcashequivalentsdecreased$4,361million,or34percent,primarilyduetoachangeintheCompany'soverallcashmanagementprogramwhichresultedinmore of our cash balances being transferred into short-term investments as well as high-quality marketable securities. As a result of this change in strategy, short-term investments increased $3,929 million and marketable securities increased $2,948 million. A majority of the Company's consolidated cash, cash equivalents, short-term investments and marketable securities are held by our foreign subsidiaries. 

Assetsheldforsaleincreased$2,973millionduetoourconsolidatedPhilippineandBrazilianbottlingoperationsbeingclassifiedasheldforsale.RefertoNote2of Notes to Consolidated Financial Statements for additional information on these transactions and their impact on other line items in our consolidated balance sheet as of December 31, 2012. 

Equitymethodinvestmentsincreased$1,983million,or27percent,primarilyduetotheCompany'snewinvestmentsinAujan,oneofthelargestindependentbeverage companies in the Middle East, and Mikuni, a bottling partner located in Japan. The increase was also due to the impact of the merger of Andina and Polar, foreign currency translation adjustments and additional equity income recorded during 2012. 

Loansandnotespayableincreased$3,426million,or27percent,primarilyduetoanincreaseintheCompany'scommercialpaper balance. 

Liabilitiesheldforsaleincreased$796millionduetoourconsolidatedPhilippineandBrazilianbottlingoperationsbeingclassifiedasheldforsale.RefertoNote2of Notes to Consolidated Financial Statements for additional information on these transactions and their impact on other line items in our consolidated balance sheet as of December 31, 2012. 

Long-termdebtincreased$1,080million,or8percent,primarilyduetotheCompany'sissuanceoflong-termdebtduringthefirstquarterof2012.Refertotheheading "Cash Flows from Financing Activities" above and Note 10 of Notes to Consolidated Financial Statements for additional information on our long-term debt balance.