This code snippet creates an object named `user` with properties `id`, `name`, `age`, and `education`. The `education` property is itself an object that contains a `degree` property. The next line of code uses destructuring assignment to extract the `degree` property from the `education` object inside the `user` object. This line of code: ```javascript const { education : { degree } } = user; ``` assigns the value of `user.education.degree` to a variable `degree`. Finally, the code logs the `degree` variable to the console, which will output `"Masters"`.