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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] |
Schedule of Goodwill by Segment | Changes in goodwill consisted of (in millions):
| Latin America |  | AMEA |  | Europe |  | North America |  | Total
January 1, 2022 | $ | 674 |  |  | $ | 3,365 |  |  | $ | 7,830 |  |  | $ | 10,109 |  |  | $ | 21,978 |
Currency | 41 |  |  | (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 |
Currency | 136 |  |  | (134) |  |  | (117) |  |  | 2 |  |  | (113) |
Acquisitions (1) (2) | 3 |  |  | — |  |  | — |  |  | (33) |  |  | (30) |
Balance at September 30, 2023 | $ | 1,560 |  |  | $ | 2,998 |  |  | $ | 7,892 |  |  | $ | 10,857 |  |  | $ | 23,307 |
(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 September 30, 2023 |  | As of December 31, 2022
| Gross carrying amount |  | Accumulated amortization |  | Net carrying amount |  | Gross carrying amount |  | Accumulated amortization |  | Net carrying amount
Definite-life intangible assets | $ | 3,259 |  |  | $ | (2,071) |  |  | $ | 1,188 |  |  | $ | 3,354 |  |  | $ | (2,057) |  |  | $ | 1,297 |
Indefinite-life intangible assets (1) (2) | 18,287 |  |  | — |  |  | 18,287 |  |  | 18,413 |  |  | — |  |  | 18,413 |
Total | $ | 21,546 |  |  | $ | (2,071) |  |  | $ | 19,475 |  |  | $ | 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. (2)In 2023, we recorded $26 million of intangible asset impairment charges related to a chocolate brand in the North America segment for $20 million and a biscuit brand in the Europe segment for $6 million in the third quarter.
Schedule of Indefinite-Lived Intangible Assets | Intangible assets consisted of the following (in millions):
| As of September 30, 2023 |  | As of December 31, 2022
| Gross carrying amount |  | Accumulated amortization |  | Net carrying amount |  | Gross carrying amount |  | Accumulated amortization |  | Net carrying amount
Definite-life intangible assets | $ | 3,259 |  |  | $ | (2,071) |  |  | $ | 1,188 |  |  | $ | 3,354 |  |  | $ | (2,057) |  |  | $ | 1,297 |
Indefinite-life intangible assets (1) (2) | 18,287 |  |  | — |  |  | 18,287 |  |  | 18,413 |  |  | — |  |  | 18,413 |
Total | $ | 21,546 |  |  | $ | (2,071) |  |  | $ | 19,475 |  |  | $ | 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. (2)In 2023, we recorded $26 million of intangible asset impairment charges related to a chocolate brand in the North America segment for $20 million and a biscuit brand in the Europe segment for $6 million in the third quarter.

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