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GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets [Text Block]
GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill and Other Intangible Assets
Changes in the carrying amount of goodwill, intangible assets subject to amortization, consisting primarily of customer relationships, and indefinite-lived intangible assets, consisting of brands and distribution agreements, are presented in the following tables:

Carrying amount of goodwill
(millions)North
America		EuropeLatin
America		AMEAConsolidated
December 31, 2022$4,115 $328 $177 $761 $5,381 
Currency translation adjustment1 8 14 (244)(221)
December 30, 2023$4,116 $336 $191 $517 $5,160 
Currency translation adjustment(4)(13)(31)(109)(157)
December 28, 2024$4,112 $323 $160 $408 $5,003 
Other intangible assets
20242023
(millions)Gross AmountAccumulated AmortizationNet AmountGross AmountAccumulated AmortizationNet Amount
Intangibles subject to amortization (a)$256 $(147)$109 $334 $(154)$180 
Intangibles not subject to amortization$1,651 $1,651 $1,750 $1,750 
(a) The currently estimated aggregate amortization expense for each of the next five succeeding fiscal periods is approximately $13 million per year through 2029.

Cumulative goodwill impairment losses are not material. The change in goodwill and other intangible asset values presented in the tables above include the impact of foreign currency translation adjustments which are primarily related to the devaluation of the Nigerian Naira.

Annual impairment testing
At December 28, 2024, goodwill and other intangible assets amounted to $6.8 billion, consisting primarily of goodwill and brands. Within this total, approximately $1.7 billion of non-goodwill intangible assets were classified as indefinite-lived, including $1.6 billion related to trademarks, comprised principally of Pringles and cracker-related trademarks. The majority of all goodwill and other intangible assets are recorded in our North America operating segment.

The Company's annual reporting unit goodwill impairment testing, performed through the fourth quarter of 2024, consisted of qualitative and quantitative testing. No heightened risk or qualitative indicators of goodwill impairment of any reporting units was identified.

The Company's annual intangible asset impairment testing was also performed through the fourth quarter of 2024 consisting of qualitative or quantitative testing for all significant intangible assets. No heightened risk or qualitative indicators of impairment of any intangible assets tested was identified.

In the fourth quarter of 2023 the Company recognized a non-cash impairment of $34 million in selling, general and administrative expense related to a brand in the North America operating segment that primarily relates to snack category products.