v3.26.1
Intangible assets (Tables)
12 Months Ended
Jun. 30, 2026
Intangible assets and goodwill [abstract]  
Schedule of movement in intangible assets and goodwill
Brands
$ million
Goodwill
$ million
Other
intangibles
$ million
Computer
software
$ million
Total
$ million
Cost
At 30 June 2024
11,106
3,682
2,011
1,225
18,024
Hyperinflation adjustment
144
107
251
Exchange differences
33
(73)
8
75
43
Additions
66
46
191
303
Disposals
(220)
(33)
(350)
(603)
Reclassification to assets held for sale
(5)
(1)
(6)
At 30 June 2025
11,129
3,757
1,986
1,140
18,012
Hyperinflation adjustment
153
113
1
267
Exchange differences
(270)
(188)
(9)
(32)
(499)
Additions
113
113
Disposals
(3)
(27)
(30)
Acquisitions
8
(4)
4
Reclassification to assets held for sale
(5)
(33)
(42)
(17)
(97)
At 30 June 2026
11,015
3,645
1,932
1,178
17,770
Amortisation and impairment
At 30 June 2024
1,464
822
102
822
3,210
Exchange differences
5
(14)
6
38
35
Amortisation for the year
20
74
94
Impairment
416
416
Disposals
(137)
(33)
(349)
(519)
At 30 June 2025
1,748
808
95
585
3,236
Exchange differences
(99)
(65)
(4)
(14)
(182)
Amortisation for the year
5
72
77
Impairment
808
466
40
1,314
Disposals
(1)
(24)
(25)
Reclassification to assets held for sale
(11)
(14)
(25)
At 30 June 2026
2,457
1,209
84
645
4,395
Carrying amount
At 30 June 2026
8,558
2,436
1,848
533
13,375
At 30 June 2025
9,381
2,949
1,891
555
14,776
At 30 June 2024
9,642
2,860
1,909
403
14,814
Schedule of principal acquired brands The principal acquired brands, all of which are regarded as having indefinite
useful economic lives, are as follows:
Principal markets
2026
$ million
2025
$ million
Crown Royal whisky
United States
1,464
1,464
Captain Morgan rum
Global
1,201
1,201
Johnnie Walker whisky
Global
826
856
Smirnoff vodka
Global
824
824
Shui Jing Fang Chinese
white spirit
Greater China
737
698
Casamigos tequila
United States
604
604
McDowell's No.1 whisky,
rum and brandy
India
336
371
Don Julio tequila
United States
292
270
Yenì Raki
Türkiye
257
477
Seagram's 7 Crown whiskey
United States
223
223
Signature whisky
India
193
213
Zacapa rum
Global
191
191
Black Dog whisky
India
163
180
Antiquity whisky
India
159
176
Gordon's gin
Europe
157
163
Other brands
931
1,470
8,558
9,381
Schedule of goodwill attributed to cash-generating units (b) Goodwill
For the purposes of impairment testing, goodwill has been attributed to the
following cash-generating units:
2026
$ million
2025
$ million
North America
1,062
1,002
Europe
Türkiye
414
Asia Pacific
Greater China
169
160
India
745
827
Latin America and Caribbean
Mexico
138
185
Other cash-generating units
322
361
2,436
2,949
Schedule of pre-tax discount rates and terminal growth rates used for impairment testing The pre-tax discount rates and terminal growth rates used for impairment testing
are as follows:
2026
2025
Pre-tax
discount rate
%
Terminal
growth rate
%
Pre-tax
discount rate
%
Terminal
growth rate
%
North America
United States
9
2
10
2
Europe
United Kingdom
9
2
11
3
Türkiye(1)
39
11
27
14
Asia Pacific
India
12
4
13
4
Greater China
9
2
9
2
Latin America and
Caribbean
Mexico
14
4
13
3
(1)The post-tax discount rates applied for calculating the recoverable amount of Türkiye
CGU varied by forecasted periods between 29% to 18%, primarily reflecting increases
in market interest rates, country risk premiums and inflation expectations in the
periods.
Schedule of sensitivity to change in key assumptions The tables below shows the headroom at 30 June 2026 and the impairment charge that would be required if the assumptions in the
calculation of their value in use or in the fair value less costs of disposal were changed:
Valuation
method
Carrying value
of CGU
$ million
Headroom
$ million
30% decrease in
share price
$ million
Greater China
FVLCD
1,831
552
(112)
Valuation
method
Carrying value
of CGU
$ million
Headroom
$ million
2ppt  increase in
discount rate
$ million
1ppt decrease in
terminal growth
rate
$ million
10% decrease in
cash flows
$ million
Yenì Raki
Value in use
353
(65)
(30)
(35)