Goodwill

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets, Net

Goodwill

11.     Goodwill

($ in millions)	​ Beverage Packaging, North & Central America		​ Beverage Packaging, EMEA		​ Beverage Packaging, South America		​ Aerospace		Other		Total
Balance at December 31, 2019	$	1,275	$	1,500	$	1,298	$	40	$	306	$	4,419
Additions		—		—		—		—		49		49
Goodwill impairment		—		—		—		—		(62)		(62)
Effects of currency exchange		—		3		—		—		(8)		(5)
Balance at September 30, 2020	$	1,275	$	1,503	$	1,298	$	40	$	285	$	4,401

Goodwill in the above table is presented net of accumulated impairment losses of $62 million as of September 30, 2020.

As discussed in Note 4, Ball acquired the share capital of Tubex Industria E Comercio Embalagens Ltda, an aluminum aerosol packaging business in Brazil, in the third quarter of 2020 and recorded $49 million to goodwill based on preliminary estimates of the fair values of assets and liabilities acquired with the business.

As discussed in Note 3, effective January 1, 2020, Ball changed how its former operating segments composed of beverage packaging operations located in Africa, Middle East and Asia (beverage packaging, AMEA) and beverage packaging operations located in Asia Pacific are managed and reported. These former operating segments had goodwill balances of $102 million and $27 million, respectively, as of December 31, 2019. As shown in the table above, goodwill by segment has been retrospectively adjusted to conform to the current year presentation. Using a relative fair value allocation approach, goodwill of $67 million was allocated to the beverage packaging, EMEA, reportable segment and $62 million of goodwill was allocated to the beverage packaging, other, operating segment.

In the first quarter of 2020, Ball recorded a non-cash impairment charge of $62 million related to the goodwill associated with the new beverage packaging, other, reporting unit as the carrying amount of this reporting unit exceeded its fair value. The impairment review was triggered by the restructuring of the company’s reporting units as part of the aforementioned changes in segment management and internal reporting structure.