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Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 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 
Currency136 (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, 2023As of December 31, 2022
Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet 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, 2023As of December 31, 2022
Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet 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.