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INTANGIBLE ASSETS AND GOODWILL (Tables) | 12 Months Ended
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Dec. 31, 2024
Intangible Assets [Abstract] |
Disclosure of estimated useful lives of intangible assets |
Intangible asset | Estimated useful life
Customer relationships | 3 to 20 years
Brand names | 3 to 10 years
Other intangible assets | 15 to 20 years
Disclosure of reconciliation of changes in intangible assets and goodwill | The tables below summarize our intangible assets as at December 31, 2024 and 2023.
| Indefinite-life | Finite-life |  |  |
(In millions of dollars) | Spectrum licences | Broadcast licences | Brand names | Customer relationships | Acquired program rights | Brand names | Other | Total intangible assets | Goodwill | Total intangible assets and goodwill
Cost |  |  |  |  |  |  |  |  |  |
As at January 1, 2024 | 11,717 |  | 330 |  | 420 |  | 7,604 |  | 200 |  | 75 |  | 52 |  | 20,398 |  | 16,501 |  | 36,899 |
Accumulated impairment losses | — |  | (99) |  | (14) |  | — |  | (5) |  | — |  | — |  | (118) |  | (221) |  | (339) |
Cost, net of impairment losses | 11,717 |  | 231 |  | 406 |  | 7,604 |  | 195 |  | 75 |  | 52 |  | 20,280 |  | 16,280 |  | 36,560 |
Additions | 480 |  | — |  | — |  | 8 |  | 72 |  | 22 |  | — |  | 582 |  | — |  | 582 |
Disposals and other 1 | — |  | (15) |  | — |  | — |  | (72) |  | — |  | — |  | (87) |  | — |  | (87) |
As at December 31, 2024 | 12,197 |  | 216 |  | 406 |  | 7,612 |  | 195 |  | 97 |  | 52 |  | 20,775 |  | 16,280 |  | 37,055 |
Accumulated amortization |  |  |  |  |  |  |  |  |  |
As at January 1, 2024 | — |  | — |  | 270 |  | 2,025 |  | 68 |  | 19 |  | 2 |  | 2,384 |  | — |  | 2,384 |
Amortization 2 | — |  | — |  | — |  | 513 |  | 62 |  | 25 |  | 3 |  | 603 |  | — |  | 603 |
Disposals and other 1 | — |  | — |  | — |  | — |  | (70) |  | — |  | — |  | (70) |  | — |  | (70) |
As at December 31, 2024 | — |  | — |  | 270 |  | 2,538 |  | 60 |  | 44 |  | 5 |  | 2,917 |  | — |  | 2,917 |
Net carrying amount |  |  |  |  |  |  |  |  |  |
As at January 1, 2024 | 11,717 |  | 231 |  | 136 |  | 5,579 |  | 127 |  | 56 |  | 50 |  | 17,896 |  | 16,280 |  | 34,176 |
As at December 31, 2024 | 12,197 |  | 216 |  | 136 |  | 5,074 |  | 135 |  | 53 |  | 47 |  | 17,858 |  | 16,280 |  | 34,138 |
1 Includes disposals, impairments, reclassifications, and other adjustments. 2 Of the $603 million of total amortization, $62 million related to acquired program rights is included in other external purchases in "operating costs" (see note 7), and $541 million in "depreciation and amortization" on the Consolidated Statements of Income.
| Indefinite-life | Finite-life |  |  |
(In millions of dollars) | Spectrum licences | Broadcast licences | Brand names | Customer relationships | Acquired program rights | Brand names | Other | Total intangible assets | Goodwill | Total intangible assets and goodwill
Cost |  |  |  |  |  |  |  |  |  |
As at January 1, 2023 | 11,714 |  | 330 |  | 420 |  | 1,674 |  | 189 |  | — |  | — |  | 14,327 |  | 4,252 |  | 18,579 |
Accumulated impairment losses | — |  | (99) |  | (14) |  | — |  | (5) |  | — |  | — |  | (118) |  | (221) |  | (339) |
Cost, net of impairment losses | 11,714 |  | 231 |  | 406 |  | 1,674 |  | 184 |  | — |  | — |  | 14,209 |  | 4,031 |  | 18,240 |
Additions | 3 |  | — |  | — |  | — |  | 74 |  | — |  | — |  | 77 |  | — |  | 77 |
Acquisitions from business combinations (note 3) | — |  | — |  | — |  | 5,930 |  | — |  | 75 |  | 52 |  | 6,057 |  | 12,249 |  | 18,306 |
Disposals and other 1 | — |  | — |  | — |  | — |  | (63) |  | — |  | — |  | (63) |  | — |  | (63) |
As at December 31, 2023 | 11,717 |  | 231 |  | 406 |  | 7,604 |  | 195 |  | 75 |  | 52 |  | 20,280 |  | 16,280 |  | 36,560 |
Accumulated amortization |  |  |  |  |  |  |  |  |  |
As at January 1, 2023 | — |  | — |  | 270 |  | 1,627 |  | 61 |  | — |  | — |  | 1,958 |  | — |  | 1,958 |
Amortization 2 | — |  | — |  | — |  | 398 |  | 70 |  | 19 |  | 2 |  | 489 |  | — |  | 489 |
Disposals and other 1 | — |  | — |  | — |  | — |  | (63) |  | — |  | — |  | (63) |  | — |  | (63) |
As at December 31, 2023 | — |  | — |  | 270 |  | 2,025 |  | 68 |  | 19 |  | 2 |  | 2,384 |  | — |  | 2,384 |
Net carrying amount |  |  |  |  |  |  |  |  |  |
As at January 1, 2023 | 11,714 |  | 231 |  | 136 |  | 47 |  | 123 |  | — |  | — |  | 12,251 |  | 4,031 |  | 16,282 |
As at December 31, 2023 | 11,717 |  | 231 |  | 136 |  | 5,579 |  | 127 |  | 56 |  | 50 |  | 17,896 |  | 16,280 |  | 34,176 |
1 Includes disposals, impairments, reclassifications, and other adjustments. 2 Of the $489 million of total amortization, $70 million related to acquired program rights is included in other external purchases in "operating costs" (see note 7), and $419 million in "depreciation and amortization" on the Consolidated Statements of Income.
Schedule of cash-generating units | Below is an overview of the methods and key assumptions we used in 2024, as of October 1, to determine recoverable amounts for CGUs, or groups of CGUs, with indefinite-life intangible assets or goodwill that we consider significant.
(In millions of dollars, except periods used and rates) |  |  |
| Carrying value of goodwill | Carrying value of indefinite-life intangible assets | Recoverable amount method | Period of projected cash flows (years) | Terminal growth rates (%) | Pre-tax discount rates (%)
Wireless | 1,634 |  | 12,331 |  | Value in use | 5 | 2.0 |  | 7.9 |
Cable | 13,598 |  | — |  | Value in use | 5 | 1.0 |  | 8.0 |
Media group | 969 |  | 216 |  | Fair value less costs of disposal | 5 | 2.0 |  | 11.0 |

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