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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Segment
Changes in goodwill consisted of:

Latin AmericaAMEAEuropeNorth AmericaTotal
(in millions)
January 1, 2024$1,607 $3,065 $8,350 $10,874 $23,896 
Currency(291)(147)(508)(55)(1,001)
Acquisition (1)
— 122 — — 122 
Balance at December 31, 2024$1,316 $3,040 $7,842 $10,819 $23,017 
Currency40 14 366 (1)419 
  Other (1)
— — — 
Balance at March 31, 2025$1,356 $3,057 $8,208 $10,818 $23,439 

(1)Relates to purchase price allocation and subsequent adjustments for Evirth. See Note 2, Acquisitions and Divestitures for additional information.
Schedule of Finite-Lived Intangible Assets
Intangible assets consisted of the following:

As of March 31, 2025As of December 31, 2024
Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet carrying amount
(in millions)
Indefinite-life intangible assets (1)
$18,081 $— $18,081 $17,770 $— $17,770 
Definite-life intangible assets3,360 (2,311)1,049 3,306 (2,228)1,078 
  Total
$21,441 $(2,311)$19,130 $21,076 $(2,228)$18,848 

(1)We recorded intangible asset impairments of $153 million in 2024 within asset impairment and exit costs in the condensed consolidated statement of earnings.
Schedule of Indefinite-Lived Intangible Assets
Intangible assets consisted of the following:

As of March 31, 2025As of December 31, 2024
Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet carrying amount
(in millions)
Indefinite-life intangible assets (1)
$18,081 $— $18,081 $17,770 $— $17,770 
Definite-life intangible assets3,360 (2,311)1,049 3,306 (2,228)1,078 
  Total
$21,441 $(2,311)$19,130 $21,076 $(2,228)$18,848 

(1)We recorded intangible asset impairments of $153 million in 2024 within asset impairment and exit costs in the condensed consolidated statement of earnings.
Schedule of Annual Amortization Expense
For the next five years, we estimate annual amortization expense of approximately (reflecting March 31, 2025 exchange rates):
(in millions)
2025$140 
2026110 
202790 
202885 
202985