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Goodwill and intangible assets (Tables) | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Composition of Goodwill and 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.
Changes in Carrying Amount of 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 |
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 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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