v3.26.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Composition of 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
Trademarks4 4 
Amortizable intangible assets
Naming rights31 29 
Licenses and others19 18 
Non-compete agreements3 3 
Customer lists15 15 
Trademarks8 7 
Hubs network4 4 
Others4 4 
Total intangible assets88 84 
Accumulated amortization(58)(51)
Total intangible assets, net$30 $33 
Schedule of Changes in Carrying Amount of 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 $6 $2 $163 
Currency translation adjustments3 2 — (1)1 — 5 
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 $5 $2 $149 
Currency translation adjustments6 5 — 2 1 — 14 
Balance, end of the year$62 $44 $14 $35 $6 $2 $163 
Schedule of Expected Intangible Asset Amortization Expense
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$5 
For year to be ended December 31, 20277 
For year to be ended December 31, 20287 
For year to be ended December 31, 20296 
Thereafter1 
$26