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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Segment
Changes in goodwill consisted of (in millions):

Latin AmericaAMEAEuropeNorth AmericaTotal
January 1, 2022$674 $3,365 $7,830 $10,109 $21,978 
Currency41 (233)(550)(15)(757)
Acquisitions (1)
714 — 795 1,020 2,529 
Held for Sale (1)
— — (66)(226)(292)
Divestitures(8)— — — (8)
Balance at December 31, 2022$1,421 $3,132 $8,009 $10,888 $23,450 
Currency172 (82)134 19 243 
Acquisitions (1) (2)
(2)— — (21)(23)
Balance at June 30, 2023$1,591 $3,050 $8,143 $10,886 $23,670 
(1)Refer to Note 2, Acquisitions and Divestitures for more information.
(2)Relates to purchase price allocation adjustments for Ricolino and Clif Bar during 2023.
Schedule of Finite-Lived Intangible Assets
Intangible assets consisted of the following (in millions):

As of June 30, 2023As of December 31, 2022
Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet carrying amount
Definite-life intangible assets$3,311 $(2,072)$1,239 $3,354 $(2,057)$1,297 
Indefinite-life intangible assets (1)
18,600 — 18,600 18,413 — 18,413 
Total$21,911 $(2,072)$19,839 $21,767 $(2,057)$19,710 
(1)In 2022, we recorded $101 million of intangible asset impairment charges related to two biscuit brands in the AMEA segment, of which $78 million was recorded in the first quarter and $23 million was recorded in the third quarter.
Schedule of Indefinite-Lived Intangible Assets
Intangible assets consisted of the following (in millions):

As of June 30, 2023As of December 31, 2022
Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet carrying amount
Definite-life intangible assets$3,311 $(2,072)$1,239 $3,354 $(2,057)$1,297 
Indefinite-life intangible assets (1)
18,600 — 18,600 18,413 — 18,413 
Total$21,911 $(2,072)$19,839 $21,767 $(2,057)$19,710 
(1)In 2022, we recorded $101 million of intangible asset impairment charges related to two biscuit brands in the AMEA segment, of which $78 million was recorded in the first quarter and $23 million was recorded in the third quarter.