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
Goodwill and intangible assets
The composition of goodwill and intangible assets is as follows:
June 30, 2026December 31, 2025
(In millions)
Goodwill$168 $163 
Intangible assets with indefinite lives
Trademarks
Amortizable intangible assets
Naming rights31 29 
Licenses and others19 18 
Non-compete agreements
Customer lists15 15 
Trademarks
Hubs network
Others
Total intangible assets88 84 
Accumulated amortization(58)(51)
Total intangible assets, net$30 $33 
Goodwill
The changes in the carrying amount of goodwill for the six-month period ended June 30, 2026 and the year ended December 31, 2025 are as follows:
Six Months Ended June 30, 2026
BrazilMexicoArgentinaChileColombiaOther countriesTotal
(In millions)
Balance, beginning of the year$62 $44 $14 $35 $$$163 
Currency translation adjustments— (1)— 
Balance, end of the period$65 $46 $14 $34 $7 $2 $168 
Year Ended December 31, 2025
BrazilMexicoArgentinaChileColombiaOther countriesTotal
(In millions)
Balance, beginning of the year$56 $39 $14 $33 $$$149 
Currency translation adjustments— — 14 
Balance, end of the year$62 $44 $14 $35 $6 $2 $163 
Intangible assets with finite useful life
Intangible assets with finite useful life are comprised of naming rights, customer lists, non-compete and non-solicitation agreements, hubs network, acquired software licenses and other acquired intangible assets including developed technologies and trademarks. Aggregate amortization expense for intangible assets for the six-month periods ended June 30, 2026 and 2025 amounted to $5 million and $4 million, respectively, while aggregate amortization expense for intangible assets totaled $3 million and $2 million for the three-month periods ended June 30, 2026 and 2025, respectively.
The following table summarizes the remaining amortization of intangible assets (in millions) with finite useful life as of June 30, 2026:
For year to be ended December 31, 2026$
For year to be ended December 31, 2027
For year to be ended December 31, 2028
For year to be ended December 31, 2029
Thereafter
$26