Intangible assets (Tables)

6 Months Ended

Jun. 30, 2026


	30 June 2026										31 December 2025
Million US dollar	Brands		Commercial intangibles		Software		Other		Total		Total

Acquisition cost
Balance at end of previous year		38 569		2 595		6 179		104		47 447		44 852
Effect of movements in foreign exchange		295		20		39		8		362		2 242
Acquisitions through business combinations		185		-		-		-		185		13
Acquisitions and expenditures		29		-		241		-		270		1 217
Disposals through sale and derecognition		(57)		(19)		(58)		(4)		(137)		(794)
Transfer (to)/from other asset categories and other movements¹		61		18		66		12		156		(83)
Balance at end of period		39 082		2 614		6 467		121		48 284		47 447

Amortization and impairment losses
Balance at end of previous year		(91)		(1 332)		(3 960)		(79)		(5 462)		(4 818)
Effect of movements in foreign exchange		-		(20)		(25)		(4)		(49)		(432)
Amortization		-		(117)		(385)		(11)		(513)		(974)
Impairment		(57)		(1)		-		-		(58)		(15)
Disposals through sale and derecognition		57		19		58		2		135		779
Transfer to/(from) other asset categories and other movements¹		-		(17)		(44)		(1)		(62)		(3)
Balance at end of period		(91)		(1 469)		(4 357)		(93)		(6 009)		(5 462)

Carrying value
at 31 December 2025		38 478		1 263		2 219		26		41 985		41 985
at 30 June 2026		38 991		1 145		2 110		28		42 274

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