Intangible assets (Tables)

12 Months Ended

Dec. 31, 2024



	31 December 2024										31 December 2023
Million US dollar	Brands		Commercial intangibles		Software		Other		Total		Total

Acquisition cost
Balance at end of previous year		38 332		2 219		5 379		150		46 080		44 170
Effect of movements in foreign exchange		(1 337)		(166)		(525)		(37)		(2 065)		957
Acquisitions through business combinations		-		-		-		-		-		15
Acquisitions and expenditures		2		337		714		16		1 069		838
Disposals through sale and derecognition		(1)		(134)		(333)		(5)		(473)		(67)
Transfer (to)/from other asset categories and other movements¹		44		25		203		(31)		240		166
Balance at end of period		37 040		2 281		5 438		93		44 852		46 080

Amortization and impairment losses
Balance at end of previous year		(94)		(1 388)		(3 219)		(93)		(4 794)		(3 961)
Effect of movements in foreign exchange		1		137		314		19		470		(191)
Amortization		-		(189)		(631)		(25)		(845)		(711)
Impairment		-		-		(16)		(1)		(17)		(31)
Disposals through sale and derecognition		1		134		331		5		471		60
Transfer to/(from) other asset categories and other movements¹		-		(55)		(62)		14		(103)		39
Balance at end of period		(91)		(1 362)		(3 283)		(81)		(4 818)		(4 794)

Carrying value
at 31 December 2023		38 239		830		2 160		57		41 286		41 286
at 31 December 2024		36 948		919		2 155		12		40 034

The transfer (to)/from other asset categories and other movements mainly relates to transfers from assets under construction to their respective asset categories, to the separate presentation in the statement of financial position of intangible assets held for sale in accordance with IFRS 5

Non-current assets held for sale and discontinued operations

and to the restatement of non-monetary assets under hyperinflation accounting in line with IAS 29

Financial reporting in hyperinflationary economies

Summary of Carrying Amount of Intangible Assets with Indefinite Useful Lives



Million US dollar Cash-generating unit	2024		2023

United States		21 872		21 939
Rest of North America		37		41
Mexico		3 027		3 629
Colombia		2 586		2 990
Rest of Middle Americas		3 535		3 590
Brazil		-		15
Rest of South America		806		655
Europe		370		432
South Africa		2 558		2 623
Rest of Africa		861		910
China		383		393
Rest of Asia Pacific		913		1 021
Total carrying amount of intangible assets with indefinite useful lives		36 948		38 239