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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The changes in net carrying value of Goodwill by segment for the years ended December 31, 2024 and 2023 were as follows:
| 2023
| Beginning Balance |  |  | Foreign currency translation |  | Ending Balance
Oral, Personal and Home Care |  |  |  |  |  |
North America | $ | 906 |  |  |  | $ | 2 |  |  | $ | 908 |
Latin America | 168 |  |  |  | 11 |  |  | 179 |
Europe | 1,504 |  |  |  | 67 |  |  | 1,571 |
Asia Pacific | 179 |  |  |  | — |  |  | 179 |
Africa/Eurasia | 107 |  |  |  | (19) |  |  | 88 |
Total Oral, Personal and Home Care | 2,864 |  |  |  | 61 |  |  | 2,925 |
Pet Nutrition | 488 |  |  |  | (3) |  |  | 485 |
Total Goodwill | $ | 3,352 |  |  |  | $ | 58 |  |  | $ | 3,410 |
| 2024
| Beginning Balance |  |  | Reallocation (1) |  | Foreign currency translation |  | Ending Balance
Oral, Personal and Home Care |  |  |  |  |  |  |  |
North America | $ | 908 |  |  |  | $ | 223 |  |  | $ | (23) |  |  | $ | 1,108 |
Latin America | 179 |  |  |  | — |  |  | (34) |  |  | 145 |
Europe | 1,571 |  |  |  | (223) |  |  | (67) |  |  | 1,281 |
Asia Pacific | 179 |  |  |  | — |  |  | (1) |  |  | 178 |
Africa/Eurasia | 88 |  |  |  | — |  |  | (10) |  |  | 78 |
Total Oral, Personal and Home Care | 2,925 |  |  |  | — |  |  | (135) |  |  | 2,790 |
Pet Nutrition | 485 |  |  |  | — |  |  | (3) |  |  | 482 |
Total Goodwill | $ | 3,410 |  |  |  | $ | — |  |  | $ | (138) |  |  | $ | 3,272 |
(1) As a result of a reporting structure realignment, the Company reallocated the goodwill of a certain reporting unit from the Europe segment to the North America segment. Before and after the reallocation of the goodwill, the Company completed an assessment indicating no goodwill impairment was required as a result of this segment reporting structure realignment. Refer to Note 13, Segment Information for additional information. Other intangible assets as of December 31, 2024 and 2023 were comprised of the following:
|  | 2024 |  | 2023
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Trademarks - finite life |  | $ | 1,135 |  |  | $ | (545) |  |  | $ | 590 |  |  | $ | 1,167 |  |  | $ | (519) |  |  | $ | 648 |
Other finite life intangible assets |  | 603 |  |  | (385) |  |  | 218 |  |  | 624 |  |  | (363) |  |  | 261 |
Indefinite life intangible assets |  | 948 |  |  | — |  |  | 948 |  |  | 978 |  |  | — |  |  | 978 |
Total Other intangible assets |  | $ | 2,686 |  |  | $ | (930) |  |  | $ | 1,756 |  |  | $ | 2,769 |  |  | $ | (882) |  |  | $ | 1,887 |
The change in the net carrying amounts of Other intangible assets during 2024 was due to foreign currency translation and amortization expense of $75. Annual estimated amortization expense for each of the next five years is expected to be approximately $68. In 2023, the Company re-characterized a certain trademark from an indefinite to a finite life intangible asset based on an assessment of certain macroeconomic conditions, historical performance and demand. The carrying value of this trademark as of December 31, 2024 is $234 and is being amortized over its estimated remaining useful life of 24 years. As of the date of the annual impairment test of indefinite-lived intangible assets, the fair value of one of the Company’s indefinite-lived trademark intangible assets exceeded its carrying value by less than 20%. The carrying value of this trademark is $293 as of December 31, 2024. Given the inherent uncertainties of estimating the future cash flows, the impact of interest rates and inflation on macroeconomic conditions, actual results may differ from management's current estimates which could potentially result in impairment charges in future periods.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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