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Identifiable Intangibles and Goodwill, U.S. GAAP International Foods, a U.S. company, acquired two companies in 2022. As a result, its consolidated financial statements include the
Identifiable Intangibles and Goodwill, U.S. GAAP International Foods, a U.S. company, acquired two companies in 2022. As a result, its consolidated financial statements include the following acquired intangibles: Intangible Asset Date of Acquisition Fair Value at Date of Acquisition Useful Life Customer relationships January 1, 2022 $4,000,000 4 years Favorable leaseholds June 30, 2022 8,000,000 5 years 18,000,000 Indefinite June 30, 2022 January 1, 2022 500,000,000 Brand names Goodwill Goodwill was assigned to the following reporting units: Asia $100,000,000 South America 150,000,000 Europe 250,000,000 Total $500,000,000 N/A
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