XML 52 R31.htm IDEA: XBRL DOCUMENT v3.24.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Segment
Changes in goodwill consisted of:

Latin AmericaAMEAEuropeNorth AmericaTotal
(in millions)
January 1, 2023$1,421 $3,132 $8,009 $10,888 $23,450 
Currency180 (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, 2024As of December 31, 2023
Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet 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, 2024As of December 31, 2023
Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet 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.