Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Intangible assets and goodwill [abstract]

Summary of Changes in Goodwill and Intangible Assets

Changes in goodwill and intangible assets account for the years ended December 31, 2023 and 2022 are as follows:

	Intangible Assets with		Intangible Assets with Finite Life													Total Intangible Assets with			Total						Total Goodwill and
	Indefinite Life		Trademark		Franchise		Licenses		Customer List		Spectrum		Others			Finite Life			Intangible Assets			Goodwill			Intangible Assets
			(in million pesos)
December 31, 2023
Costs:
Balances at beginning of the year		220		4,505		3,016		135		4,703		1,205		1,320			14,884			15,104			63,595			78,699
Translation and other adjustments		—		56		1		—		—		—		1			58			58			—			58
Balances at end of the year		220		4,561		3,017		135		4,703		1,205		1,321			14,942			15,162			63,595			78,757
Accumulated amortization and impairment:
Balances at beginning of the year		—		4,505		2,078		135		4,703		1,205		870			13,496			13,496			654			14,150
Amortization during the year (Notes 4 and 5)		—		—		186		—		—		—		35			221			221			—			221
Translation and other adjustments		—		56		1		—		—		—		(6	)		51			51			—			51
Balances at end of the year		—		4,561		2,265		135		4,703		1,205		899			13,768			13,768			654			14,422
Net balances at end of the year		220		—		752		—		—		—		422			1,174			1,394			62,941			64,335
Estimated useful lives (in years)		—		—		16		—		—		—	5-10				—			—			—			—
Remaining useful lives (in years)		—		—		4		—		—		—	3-8				—			—			—			—
December 31, 2022
Costs:
Balances at beginning of the year		—		4,505		3,016		135		4,703		1,205		799			14,363			14,363			62,033			76,396
Additions during the year		220		—		—		—		—		—		521			521			741			1,565			2,306
Disposals		—		—		—		—		—		—		—									(3	)		(3	)
Balances at end of the year		220		4,505		3,016		135		4,703		1,205		1,320			14,884			15,104			63,595			78,699
Accumulated amortization and impairment:
Balances at beginning of the year		—		4,505		1,892		131		4,703		1,205		771			13,207			13,207			654			13,861
Amortization during the year (Notes 4 and 5)		—		—		186		4		—		—		38			228			228			—			228
Business combinations		—		—		—		—		—		—		71			71			71			—			71
Translation and other adjustments		—		—		—		—		—		—		(10	)		(10	)		(10	)		—			(10	)
Balances at end of the year		—		4,505		2,078		135		4,703		1,205		870			13,496			13,496			654			14,150
Net balances at end of the year		220		—		938		—		—		—		450			1,388			1,608			62,941			64,549
Estimated useful lives (in years)		—		—		16		—		—		—	5-10				—			—			—			—
Remaining useful lives (in years)		—		—		5		—		—		—	4-9				—			—			—			—

Summary of Consolidated Goodwill and Intangible Assets of Reportable Segments

The consolidated goodwill and intangible assets of our reportable segments as at December 31, 2023 and 2022 are as follows:

	2023						2022
	Wireless		Fixed Line		Total		Wireless		Fixed Line		Total
	(in million pesos)
Franchise		752		—		752		938		—		938
Customer list		—		220		220		—		220		220
Others		—		422		422		—		450		450
Total intangible assets		752		642		1,394		938		670		1,608
Goodwill		56,571		6,370		62,941		56,571		6,370		62,941
Total goodwill and intangible assets		57,323		7,012		64,335		57,509		7,040		64,549

Summary of Future Amortization of Intangible Assets

The consolidated future amortization of intangible assets as at December 31, 2022 are as follows:

Year	(in million pesos)
2024		220
2025		220
2026		221
2027		214
2028 and onwards		299
		1,174