Financial performance 2024 consolidated financial statements 05 12.1 Goodwill and intangible assets Changes in goodwill and intangible assets are as follows: (in € millions) Goodwill Intangible assets Total Gross carrying amounts at January 1, 2023 2,588 4,277 6,865 Translation adjustments (50) (17) (67) Additions (including new emission allowances: €44 million). - 276 276 Disposals - (122) (122) Changes in scope of consolidation 601 47 648 Transfers and other - 12 12 Gross carrying amounts at December 31, 2023 3,139 4,473 7,612 Translation adjustments 72 49 121 Additions (including new emission allowances: €12 million). - 290 290 Disposals - (97) (97) Changes in scope of consolidation (221) 350 129 Transfers and other - (16) (16) Gross carrying amounts at December 31, 2024 2,990 5,049 8,039 Amortization and impairment at January 1, 2023 (158) (2,474) (2,632) Translation adjustments 3 17 20 Amortization - (304) (304) Net impairment (11) 1 (10) Disposals - 82 82 Changes in scope of consolidation 9 3 12 Transfers and other - (4) (4) Amortization and impairment at December 31, 2023 (157) (2,679) (2,836) Translation adjustments (6) (21) (27) Amortization - (316) (316) Net impairment (1) (4) (5) Disposals - 93 93 Changes in scope of consolidation 3 - 3 Transfers and other - (2) (2) Amortization and impairment at December 31, 2024 (161) (2,929) (3,090) NET CARRYING AMOUNTS AT DECEMBER 31, 2024 2,829 2,120 4,949 Net carrying amounts at December 31, 2023 2,982 1,794 4,776 402 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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