v3.26.1
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets GOODWILL AND INTANGIBLE ASSETS
The changes in the carrying amount of goodwill by business segment were as follows:
(In millions)Protein SolutionsPrepared Food and Beverage SolutionsTotal
Balance as of December 31, 2025$2,306 $1,122 $3,428 
Currency translation(30)(13)(43)
Balance as of June 30, 2026$2,276 $1,109 $3,385 

Intangible assets consisted of the following:
June 30, 2026December 31, 2025
(In millions)Carrying AmountAccumulated AmortizationCarrying AmountAccumulated Amortization
Customer relationship$1,625 $322 $1,691 $285 
Patents and acquired technology560 168 590 165 
Trademarks305 39 313 34 
Non-amortizing intangible assets11 — 11 — 
Other11 11 11 10 
Total intangible assets$2,512 $540 $2,616 $494 

Intangible asset amortization expense was $39 million and $48 million for the three months ended June 30, 2026 and 2025, respectively, and $78 million and $87 million for the six months ended June 30, 2026 and 2025, respectively.

During the three months ended June 30, 2026, the Company recorded a $33 million impairment charge related to acquired intangible assets within the Protein Solutions segment, consisting of $27 million related to customer relationships and $6 million related to patents and acquired technology. The impairment charge was recorded within Selling, general and administrative expenses. The impairment resulted from updated business forecasts for the affected operation. The impairment fully impaired the related acquired intangible assets and is not expected to materially affect the Company's future operating results.