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GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill and intangible assets The composition of goodwill and intangible assets is as follows:
| June 30, 2025 |  | December 31, 2024
| (In millions)
Goodwill | $ | 160 |  |  | $ | 149 |
Intangible assets with indefinite lives |  |  |
Trademarks | 4 |  |  | 4 |
Amortizable intangible assets |  |  |
Naming rights | 31 |  |  | — |
Licenses and others | 18 |  |  | 18 |
Non-compete agreements | 3 |  |  | 3 |
Customer lists | 15 |  |  | 14 |
Trademarks | 7 |  |  | 7 |
Hubs network | 4 |  |  | 3 |
Others | 3 |  |  | 3 |
Total intangible assets | 85 |  |  | 52 |
Accumulated amortization | (46) |  |  | (40) |
Total intangible assets, net | $ | 39 |  |  | $ | 12 |
Goodwill The changes in the carrying amount of goodwill for the six-month period ended June 30, 2025 and the year ended December 31, 2024 are as follows:
| Six Months Ended June 30, 2025
| Brazil |  | Mexico |  | Argentina |  | Chile |  | Colombia |  | Other countries |  | Total
| (In millions)
Balance, beginning of the year | $ | 56 |  |  | $ | 39 |  |  | $ | 14 |  |  | $ | 33 |  |  | $ | 5 |  |  | $ | 2 |  |  | $ | 149 |
Currency translation adjustments | 7 |  |  | 3 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 11 |
Balance, end of the period | $ | 63 |  |  | $ | 42 |  |  | $ | 14 |  |  | $ | 34 |  |  | $ | 5 |  |  | $ | 2 |  |  | $ | 160 |
| Year Ended December 31, 2024
| Brazil |  | Mexico |  | Argentina |  | Chile |  | Colombia |  | Other countries |  | Total
| (In millions)
Balance, beginning of the year | $ | 64 |  |  | $ | 44 |  |  | $ | 10 |  |  | $ | 37 |  |  | $ | 6 |  |  | $ | 2 |  |  | $ | 163 |
Business acquisitions | 6 |  |  | 2 |  |  | 4 |  |  | — |  |  | — |  |  | — |  |  | 12 |
Currency translation adjustments | (14) |  |  | (7) |  |  | — |  |  | (4) |  |  | (1) |  |  | — |  |  | (26) |
Balance, end of the year | $ | 56 |  |  | $ | 39 |  |  | $ | 14 |  |  | $ | 33 |  |  | $ | 5 |  |  | $ | 2 |  |  | $ | 149 |
Intangible assets with finite useful life Intangible assets with finite useful life are comprised of naming rights, 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 six-month periods ended June 30, 2025 and 2024 amounted to $4 million and $2 million, respectively, while aggregate amortization expense for intangible assets totaled $2 million and $1 million for the three-month periods ended June 30, 2025 and 2024, respectively. The following table summarizes the remaining amortization of intangible assets (in millions) with finite useful life as of June 30, 2025:
For year to be ended December 31, 2025 | $ | 6 |
For year to be ended December 31, 2026 | 7 |
For year to be ended December 31, 2027 | 7 |
For year to be ended December 31, 2028 | 7 |
Thereafter | 8 |
| $ | 35 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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