GOODWILL

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Disclosure

GOODWILL

The Company recorded an $11 million impairment charge related to our France reporting unit within our Europe segment for the year ended December 31, 2025 and recorded no goodwill impairment charges in 2024 or 2023.

The following table presents changes in the goodwill balance as allocated to each business segment:

In millions	Europe		Latin America		North America		Total
Balance as of December 31, 2023
Goodwill	$	11	$	129	$	—	$	140
Accumulated impairment losses	(1)		—		—		(1)
	10		129		—		139
Changes due to currency translation and other
Goodwill	—		(28)		—		(28)
Accumulated impairment losses	—		—		—		—
	—		(28)		—		(28)
Balance as of December 31, 2024
Goodwill	11		101		—		112
Accumulated impairment losses	(1)		—		—		(1)
	10		101		—		111
Changes due to currency translation and other
Goodwill	2		13		—		15
Accumulated impairment losses	(1)		—		—		(1)
	1		13		—		14
Impairment of Goodwill
Goodwill	—		—		—		—
Accumulated impairment losses	(11)		—		—		(11)
	(11)		—		—		(11)
Balance as of December 31, 2025
Goodwill	13		114		—		127
Accumulated impairment losses	(13)		—		—		(13)
Total	$	—	$	114	$	—	$	114

The Company performed its annual testing of goodwill impairment by applying the qualitative assessment to its Brazil reporting unit as of October 1, 2025. For the current year evaluation, the Company assessed various assumptions, events and circumstances that would have affected the estimated fair value of the reporting unit under the qualitative assessment. The results of the qualitative assessment indicated that it is not more likely than not that the fair value of its Brazil reporting unit was less than its carrying value.

The Company also performed its annual testing of goodwill impairment by applying the quantitative goodwill impairment test to its France reporting unit due to continued challenging market conditions in Europe. The Company calculated the estimated fair value of the France reporting unit using a weighted approach based on discounted future cash flows, market multiples and transaction multiples, and determined that all of the goodwill in the business, totaling $11 million, should be written off.

In addition, the Company considered whether there were any events or circumstances outside of the annual evaluation that would reduce the fair value of its reporting units with goodwill below their carrying amounts and necessitate an interim goodwill impairment evaluation. In consideration of all relevant factors, there were no indicators that would require goodwill impairment subsequent to October 1, 2025.