Statements of Earnings | | | | | | | | | | | | | | | | | | | (Millions) | 2026 | | 2025 | | 2024 | | Other expenses / (income) | | | | | | | | | | | | Amortization of intangible assets(1) | $ | 41 | | | $ | 68 | | | $ | 73 | | Net periodic benefit expense (income) other than the service cost(2) | (4) | | | 11 | | | 26 | | | | | | | | Impairment of intangible assets(3) | 117 | | | 176 | | | 129 | | Loss on sales of businesses(4) | — | | | 25 | | | — | | Costs associated with acquisitions(5) | 23 | | | — | | | 35 | | | Transition services fees | — | | | (4) | | | (2) | | | Other | (6) | | | (3) | | | — | | | $ | 171 | | | $ | 273 | | | $ | 261 | |
| | | | | | | | | | | | | | | | | | Advertising and consumer promotion expense(6) | $ | 387 | | | $ | 400 | | | $ | 350 | |
| | | | | | | | | | | | | | | | | | Interest expense | | | | | | Interest expense | $ | 336 | | | $ | 353 | | | $ | 259 | | | Less: Interest capitalized | 5 | | | 8 | | | 10 | | | $ | 331 | | | $ | 345 | | | $ | 249 | | __________________________________________ (1)Includes accelerated amortization expense related to customer relationship intangible assets of $20 million and $27 million in 2025 and 2024, respectively. (2)Includes special termination pension benefits in 2026. See Note 11 for additional information. (3)See Note 7 for additional information. (4)See Note 4 for additional information. (5)Related to the acquisitions of La Regina in 2026 and Sovos Brands in 2024. See Note 3 for additional information. (6)Included in Marketing and selling expenses.
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