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Goodwill and intangible assets | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and intangible assets | . Goodwill and intangible assets Intangible assets The composition of goodwill and intangible assets is as follows:
| September 30, 2023 |  | December 31, 2022
| (In millions)
Goodwill | $ | 159 |  |  | $ | 153 |
Intangible assets with indefinite lives |  |  |
- Trademarks | 3 |  |  | 4 |
'- Digital assets (1) | 9 |  |  | 9 |
Amortizable intangible assets |  |  |
- Licenses and others | 14 |  |  | 13 |
- Non-compete agreements | 4 |  |  | 4 |
- Customer lists | 12 |  |  | 12 |
- Trademarks | 13 |  |  | 12 |
- Hubs network | 4 |  |  | 4 |
- Others | 3 |  |  | 3 |
Total intangible assets | $ | 62 |  |  | $ | 61 |
Accumulated amortization | (41) |  |  | (36) |
Total intangible assets, net | $ | 21 |  |  | $ | 25 |
(1)Digital assets are net of $21 million of impairment losses as of both September 30, 2023 and December 31, 2022. Goodwill The changes in the carrying amount of goodwill for the nine-month period ended September 30, 2023 and the year ended December 31, 2022 are as follows:
| Nine Months Ended September 30, 2023
| Brazil |  | Argentina |  | Mexico |  | Chile |  | Colombia |  | Other countries |  | Total
| (In millions)
Balance, beginning of the period | $ | 60 |  |  | $ | 10 |  |  | $ | 39 |  |  | $ | 37 |  |  | $ | 5 |  |  | $ | 2 |  |  | $ | 153 |
Effect of exchange rates changes | 2 |  |  | — |  |  | 5 |  |  | (2) |  |  | 1 |  |  | — |  |  | 6 |
Balance, end of the period | $ | 62 |  |  | $ | 10 |  |  | $ | 44 |  |  | $ | 35 |  |  | $ | 6 |  |  | $ | 2 |  |  | $ | 159 |
| Year Ended December 31, 2022
| Brazil |  | Argentina |  | Mexico |  | Chile |  | Colombia |  | Other countries |  | Total
| (In millions)
Balance, beginning of the period | $ | 56 |  |  | $ | 10 |  |  | $ | 37 |  |  | $ | 37 |  |  | $ | 6 |  |  | $ | 2 |  |  | $ | 148 |
Effect of exchange rates changes | 4 |  |  | — |  |  | 2 |  |  | — |  |  | (1) |  |  | — |  |  | 5 |
Balance, end of the period | $ | 60 |  |  | $ | 10 |  |  | $ | 39 |  |  | $ | 37 |  |  | $ | 5 |  |  | $ | 2 |  |  | $ | 153 |
Amortizable intangible assets Intangible assets with definite useful life are comprised of customer lists, non-compete and non-solicitation agreements, hubs network, acquired software licenses and other acquired intangible assets including developed technologies and trademarks. Aggregate amortization expense for intangible assets for the nine-month periods ended September 30, 2023 and 2022 amounted to $4 million and $4 million, respectively, while aggregate amortization expense for intangible assets totaled $1 million and $1 million for the three-month periods ended September 30, 2023 and 2022, respectively. The following table summarizes the remaining amortization of intangible assets (in millions of U.S. dollars) with definite useful life as of September 30, 2023:
For year to be ended December 31, 2023 | $ | 1 |
For year to be ended December 31, 2024 | 3 |
For year to be ended December 31, 2025 | 1 |
For year to be ended December 31, 2026 | 1 |
Thereafter | 3 |
| $ | 9 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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