XML 40 R30.htm IDEA: XBRL DOCUMENT v3.23.1
Goodwill and intangible assets (Tables)
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Composition of Goodwill and Intangible Assets
The composition of goodwill and intangible assets is as follows:
March 31,
2023
December 31,
2022
(In millions)
Goodwill$160 $153 
Intangible assets with indefinite lives
 - Trademarks
 - Digital assets (1)
Amortizable intangible assets
- Licenses and others13 13 
- Non-compete agreements
- Customer lists13 12 
- Trademarks12 12 
- Hubs network
- Others
Total intangible assets$62 $61 
Accumulated amortization(38)(36)
Total intangible assets, net$24 $25 
(1)Digital assets are net of $21 million of impairment losses as of both March 31, 2023 and December 31, 2022.
Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for the three-month period ended March 31, 2023 and the year ended December 31, 2022 are as follows:
 Three Months Ended March 31, 2023
 BrazilArgentinaMexicoChileColombiaOther CountriesTotal
 (In millions)
Balance, beginning of the period$60 $10 $39 $37 $$$153 
Effect of exchange rates changes— — — 
Balance, end of the period$61 $10 $42 $40 $$$160 
Year Ended December 31, 2022
BrazilArgentinaMexicoChileColombiaOther CountriesTotal
(In millions)
Balance, beginning of the period$56 $10 $37 $37 $$$148 
Effect of exchange rates changes— — (1)— 
Balance, end of the period$60 $10 $39 $37 $$$153 
Expected Intangible Asset Amortization Expense
The following table summarizes the remaining amortization of intangible assets (in millions of U.S. dollars) with definite useful life as of March 31, 2023:
For year ended December 31, 2023$
For year ended December 31, 2024
For year ended December 31, 2025
For year ended December 31, 2026
Thereafter
$11