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Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 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(199)11 80 (15)(123)
Balance at September 30, 2024$1,408 $3,076 $8,430 $10,859 $23,773 
(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 September 30, 2024As of December 31, 2023
Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet carrying amount
(in millions)
Definite-life intangible assets$3,303 $(2,277)$1,026 $3,322 $(2,155)$1,167 
Indefinite-life intangible assets (1) (2)
18,433 — 18,433 18,669 — 18,669 
  Total
$21,736 $(2,277)$19,459 $21,991 $(2,155)$19,836 
(1)In the third quarter of 2023, we recorded $26 million of intangible asset impairment charges related to one chocolate brand in the North America segment for $20 million and one biscuit brand in the Europe segment for $6 million.
(2)In the third quarter of 2024, we recorded $153 million of intangible asset impairment charges related to two biscuit brands in the Europe segment for $143 million, one biscuit brand in the AMEA segment for $5 million and one candy and one biscuit brand in the Latin America segment for a total of $5 million.
Schedule of Indefinite-Lived Intangible Assets
Intangible assets consisted of the following:

As of September 30, 2024As of December 31, 2023
Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet carrying amount
(in millions)
Definite-life intangible assets$3,303 $(2,277)$1,026 $3,322 $(2,155)$1,167 
Indefinite-life intangible assets (1) (2)
18,433 — 18,433 18,669 — 18,669 
  Total
$21,736 $(2,277)$19,459 $21,991 $(2,155)$19,836 
(1)In the third quarter of 2023, we recorded $26 million of intangible asset impairment charges related to one chocolate brand in the North America segment for $20 million and one biscuit brand in the Europe segment for $6 million.
(2)In the third quarter of 2024, we recorded $153 million of intangible asset impairment charges related to two biscuit brands in the Europe segment for $143 million, one biscuit brand in the AMEA segment for $5 million and one candy and one biscuit brand in the Latin America segment for a total of $5 million.