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Goodwill (Tables)

12 Months Ended

Dec. 31, 2024

Text Block1 [Abstract]

Reconciliation of Goodwill



Million US dollar		31 December 2024				31 December 2023

Acquisition cost
Balance at end of previous year			119 302				115 541
Effect of movements in foreign exchange			(7 082)				3 634
Transfers (to)/from other assets categories			(7)				(179)
Hyperinflation monetary adjustments			425				306
Balance at end of the period			112 637				119 302

Impairment losses
Balance at end of previous year			(2 259)				(2 531)
Effect of movements in foreign exchange			101				293
Impairment losses			-				(20)
Balance at end of the period			(2 158)				(2 259)

Carrying amount
Balance at end of the period			110 479				117 043

Summary of Carrying Amount of Goodwill Allocated to Different Cash-generating Units

The carrying amount of goodwill was allocated to the different cash-generating units as follows:



Million US dollar		31 December 2024				31 December 2023

United States			33 387				33 387
Rest of North America			1 864				2 024
Mexico			12 250				14 697
Colombia			13 821				15 982
Rest of Middle Americas			23 205				23 576
Brazil			2 953				3 780
Rest of South America			1 345				1 036
Europe			2 051				2 157
South Africa			8 584				8 801
Rest of Africa			4 547				4 609
China			2 948				3 028
Rest of Asia Pacific			2 998				3 407
Global Export and Holding Companies			526				559
Total carrying amount of goodwill			110 479				117 043

Summary of Weighted Average Cost of Capital

The WACC applied in US dollar nominal terms were as follows:



Cash-generating unit		31 December 2024								31 December 2023

Colombia			10%								10%
Rest of Middle Americas			13%								13%
South Africa			11%								11%
Rest of Africa			13%								14%
Rest of Asia Pacific			8%								7%
United States			7%								7%