v3.25.4
Goodwill (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of reconciliation of changes in goodwill [abstract]  
Summary of Goodwill

The following table presents the movement in goodwill for the years ended December 31, 2025 and 2024:

 

 

 

 

 

 

                      December 31,

(millions of U.S. dollars)

 

 

 

 

2025

2024

Cost:

 

 

 

 

 

 

Balance as of January 1,

 

 

 

 

7,262

6,719

Acquisitions

 

 

 

 

478

714

Disposals of businesses

 

 

 

 

(1)

(87)

Translation and other, net

 

 

 

 

174

(84)

Carrying amount as of December 31:

 

 

 

 

7,913

7,262

 

Summary of Carrying Amount of Goodwill by Cash Generating Unit The following table shows the carrying amount of goodwill by CGU that was tested for impairment:

 

 

 

 

 

 

October 1,

(millions of U.S. dollars)

 

 

 

2025

Legal Professionals

 

 

 

 

3,697

Corporates

 

 

 

 

2,069

Tax, Audit & Accounting Professionals

 

 

 

 

1,663

Reuters

 

 

 

 

231

Global Print

 

 

 

 

249

 

 

 

 

 

7,909

Impairment Test of Goodwill- Key Assumptions

The key assumptions used in performing the impairment test, by CGU, are presented below:

 

 

 

 

Perpetual

Discount

Tax

Cash-Generating Unit

 

 

Growth Rate(1)

Rate

Rate

Legal Professionals

 

 

2.5%

11.0%

26.6%

Corporates

 

 

2.5%

11.0%

26.8%

Tax, Audit & Accounting Professionals

 

 

3.0%

11.5%

27.6%

Reuters

 

 

2.5%

13.0%

25.0%

Global Print

 

 

(5.5%)

11.5%

26.8%

 

(1)
The perpetual growth rate is applied to the final year of cash flow projections.