Statements of Earnings | | | | | | | | | | | | | | | | | | (Millions) | 2025 | | 2024 | | 2023 | Other expenses / (income) | | | | | | | | | | | | Amortization of intangible assets(1) | $ | 68 | | | $ | 73 | | | $ | 48 | | Net periodic benefit expense (income) other than the service cost | 11 | | | 26 | | | (35) | | | | | | | | Impairment of intangible assets(2) | 176 | | | 129 | | | — | | Loss on sales of businesses(3) | 25 | | | — | | | 13 | | Costs associated with acquisition(4) | — | | | 35 | | | 5 | | Transition services fees | (4) | | | (2) | | | (1) | | Other | (3) | | | — | | | 2 | | | $ | 273 | | | $ | 261 | | | $ | 32 | |
| | | | | | | | | | | | | | | | | | Advertising and consumer promotion expense(5) | $ | 400 | | | $ | 350 | | | $ | 365 | |
| | | | | | | | | | | | | | | | | | Interest expense | | | | | | Interest expense | $ | 353 | | | $ | 259 | | | $ | 192 | | Less: Interest capitalized | 8 | | | 10 | | | 4 | | | $ | 345 | | | $ | 249 | | | $ | 188 | | __________________________________________ (1)Includes accelerated amortization expense related to customer relationship intangible assets of $20 million, $27 million and $7 million in 2025, 2024 and 2023, respectively. (2)See Note 6 for additional information. (3)See Note 4 for additional information. (4)Related to the acquisition of Sovos Brands. See Note 3 for additional information. (5)Included in Marketing and selling expenses.
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