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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill by Segment | Changes in goodwill consisted of:
| Latin America |  | AMEA |  | Europe |  | North America |  | Total
| (in millions)
January 1, 2023 | $ | 1,421 |  |  | $ | 3,132 |  |  | $ | 8,009 |  |  | $ | 10,888 |  |  | $ | 23,450 |
Currency | 180 |  |  | (67) |  |  | 341 |  |  | 19 |  |  | 473 |
Acquisitions (1) | 6 |  |  | — |  |  | — |  |  | (33) |  |  | (27) |
Balance at December 31, 2023 | $ | 1,607 |  |  | $ | 3,065 |  |  | $ | 8,350 |  |  | $ | 10,874 |  |  | $ | 23,896 |
Currency | (132) |  |  | (79) |  |  | (276) |  |  | (23) |  |  | (510) |
Balance at June 30, 2024 | $ | 1,475 |  |  | $ | 2,986 |  |  | $ | 8,074 |  |  | $ | 10,851 |  |  | $ | 23,386 |
(1)Purchase price allocation adjustments for Ricolino and Clif Bar during 2023.
Schedule of Finite-Lived Intangible Assets | Intangible assets consisted of the following:
| As of June 30, 2024 |  | As of December 31, 2023
| Gross carrying amount |  | Accumulated amortization |  | Net carrying amount |  | Gross carrying amount |  | Accumulated amortization |  | Net carrying amount
| (in millions)
Definite-life intangible assets | $ | 3,267 |  |  | $ | (2,197) |  |  | $ | 1,070 |  |  | $ | 3,322 |  |  | $ | (2,155) |  |  | $ | 1,167 |
Indefinite-life intangible assets (1) | 18,327 |  |  | — |  |  | 18,327 |  |  | 18,669 |  |  | — |  |  | 18,669 |
Total | $ | 21,594 |  |  | $ | (2,197) |  |  | $ | 19,397 |  |  | $ | 21,991 |  |  | $ | (2,155) |  |  | $ | 19,836 |
(1)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:
| As of June 30, 2024 |  | As of December 31, 2023
| Gross carrying amount |  | Accumulated amortization |  | Net carrying amount |  | Gross carrying amount |  | Accumulated amortization |  | Net carrying amount
| (in millions)
Definite-life intangible assets | $ | 3,267 |  |  | $ | (2,197) |  |  | $ | 1,070 |  |  | $ | 3,322 |  |  | $ | (2,155) |  |  | $ | 1,167 |
Indefinite-life intangible assets (1) | 18,327 |  |  | — |  |  | 18,327 |  |  | 18,669 |  |  | — |  |  | 18,669 |
Total | $ | 21,594 |  |  | $ | (2,197) |  |  | $ | 19,397 |  |  | $ | 21,991 |  |  | $ | (2,155) |  |  | $ | 19,836 |
(1)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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