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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Changes in Goodwill | Changes in goodwill consisted of (in millions):
| Latin America |  | AMEA |  | Europe |  | North America |  | Total |  |  |  |  |  |  |  |
January 1, 2023 | $ | 1,421 |  |  | $ | 3,132 |  |  | $ | 8,009 |  |  | $ | 10,888 |  |  | $ | 23,450 |  |  |  |  |  |  |  |  |
Currency | 180 |  |  | (67) |  |  | 341 |  |  | 19 |  |  | 473 |  |  |  |  |  |  |  |  |
Other (1) | 6 |  |  | — |  |  | — |  |  | (33) |  |  | (27) |  |  |  |  |  |  |  |  |
Balance at December 31, 2023 | $ | 1,607 |  |  | $ | 3,065 |  |  | $ | 8,350 |  |  | $ | 10,874 |  |  | $ | 23,896 |  |  |  |  |  |  |  |  |
Currency | (291) |  |  | (147) |  |  | (508) |  |  | (55) |  |  | (1,001) |  |  |  |  |  |  |  |  |
Acquisition (2) | — |  |  | 122 |  |  | — |  |  | — |  |  | 122 |  |  |  |  |  |  |  |  |
Balance at December 31, 2024 | $ | 1,316 |  |  | $ | 3,040 |  |  | $ | 7,842 |  |  | $ | 10,819 |  |  | $ | 23,017 |  |  |  |  |  |  |  |  |
(1)Relates to purchase price allocation adjustments for Ricolino and Clif Bar during 2023. (2)Relates to purchase price allocation for Evirth during 2024. Refer to Note 2, Acquisitions and Divestitures for more information.
Schedule of Finite-Lived Intangible Assets | Intangible assets consisted of the following (in millions):
| As of December 31, 2024 |  | As of December 31, 2023
| Gross carrying amount |  | Accumulated amortization |  | Net carrying amount |  | Gross carrying amount |  | Accumulated amortization |  | Net carrying amount
Indefinite-life intangible assets (1) | $ | 17,770 |  |  | $ | — |  |  | $ | 17,770 |  |  | $ | 18,669 |  |  | $ | — |  |  | $ | 18,669 |
Definite-life intangible assets | 3,306 |  |  | (2,228) |  |  | 1,078 |  |  | 3,322 |  |  | (2,155) |  |  | 1,167 |
Total | $ | 21,076 |  |  | $ | (2,228) |  |  | $ | 18,848 |  |  | $ | 21,991 |  |  | $ | (2,155) |  |  | $ | 19,836 |
(1)We recorded intangible asset impairments of $153 million in 2024 and $26 million in 2023 within asset impairment and exit costs.
Schedule of Indefinite-Lived Intangible Assets | Intangible assets consisted of the following (in millions):
| As of December 31, 2024 |  | As of December 31, 2023
| Gross carrying amount |  | Accumulated amortization |  | Net carrying amount |  | Gross carrying amount |  | Accumulated amortization |  | Net carrying amount
Indefinite-life intangible assets (1) | $ | 17,770 |  |  | $ | — |  |  | $ | 17,770 |  |  | $ | 18,669 |  |  | $ | — |  |  | $ | 18,669 |
Definite-life intangible assets | 3,306 |  |  | (2,228) |  |  | 1,078 |  |  | 3,322 |  |  | (2,155) |  |  | 1,167 |
Total | $ | 21,076 |  |  | $ | (2,228) |  |  | $ | 18,848 |  |  | $ | 21,991 |  |  | $ | (2,155) |  |  | $ | 19,836 |
(1)We recorded intangible asset impairments of $153 million in 2024 and $26 million in 2023 within asset impairment and exit costs.

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