In 2022, Alliant Corporation acquired Centerpoint Incorporated for $450 million, of which $70 million was allocated to goodwill. At the end of 2024, management has provided the following information for a required goodwill impairment test:

Fair value of Centerpoint Incorporated $ 346 million

Book value of Centerpoints net assets (excluding goodwill) 310 million

Book value of Centerpoints net assets (including goodwill) 380 million

Determine the amount of the impairment loss reported in the 2024 income statement.

Required information Exercise 11-31 (Algo) Impairment; goodwill [LO11-8] [The following information applies to the questions displayed below.] In 2022, Alliant Corporation acquired Centerpoint Incorporated for $450 million, of which $70 million was allocated to goodwill. At the end of 2024 , management has provided the following information for a required goodwill impairment test: Exercise 11-31 (Algo) Part 1 Required: 1. Determine the amount of the impairment loss reported in the 2024 income statement. Note: Enter your answer in millions (i.e., 10,000,000 should be entered as 10 )