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Business Combinations, Goodwill, And Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Business Acquisition [Line Items]  
Composition of Goodwill and Intangible Assets
The composition of goodwill and intangible assets is as follows:
December 31,
20222021
(In millions)
Goodwill$153 $148 
Intangible assets with indefinite lives
- Trademarks
- Digital assets (1)21 
Amortizable intangible assets
- Licenses and others13 13 
- Non-compete agreements
- Customer lists12 13 
- Trademarks12 
- Hubs network
- Others
Total intangible assets$61 $72 
Accumulated amortization(36)(27)
Total intangible assets, net$25 $45 
(1)Digital assets are net of $21 million and $9 million of impairment losses as of December 31, 2022 and December 31, 2021, registered in General and Administrative expenses.
Changes In Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021 are as follows:
Year ended December 31, 2022
BrazilArgentinaMexicoChileColombiaOther CountriesTotal
(In millions)
Balance, beginning of the year$56 $10 $37 $37 $$$148 
Effect of exchange rates changes— — (1)— 
Balance, end of the year$60 $10 $39 $37 $$$153 
Year ended December 31, 2021
BrazilArgentinaMexicoChileColombiaOther CountriesTotal
(In millions)
Balance, beginning of the year$20 $10 $32 $17 $$$85 
Business Acquisitions37 — 23 — 68 
Effect of exchange rates changes(1)— (1)(3)— — (5)
Balance, end of the year$56 $10 $37 $37 $$$148 
Expected Intangible Asset Amortization Expense
The following table summarizes the remaining amortization of intangible assets with definite useful life as of December 31, 2022:
For year ended 12/31/2023$
For year ended 12/31/2024
For year ended 12/31/2025
For year ended 12/31/2026
Thereafter
$12 
Redelcom S.A.  
Business Acquisition [Line Items]  
Summary of Purchase Price Allocation For Acquisition
The following table summarizes the purchase price allocation for the acquisition:
Redelcom S.A.
(In millions)
Cash and cash equivalents$
Convertible notes agreements
Other net tangible liabilities(2)
Total net tangible assets acquired$— 
Platform
Goodwill23 
Purchase Price$24 
Kangu Participações S.A  
Business Acquisition [Line Items]  
Summary of Purchase Price Allocation For Acquisition
The following table summarizes the purchase price allocation for the acquisition:
Kangu Participações S.A.
(In millions)
Cash and cash equivalents$
Other net tangible assets
Total net tangible assets acquired$
Customer lists and non-compete agreements
Hubs network
Goodwill45 
Purchase Price$53