2019 Annual financial report

Note 10 Goodwill

Changes in goodwill

(in millions of euros)	Gross value	Impairment losses⁽²⁾	Net amount
(in millions of euros) January 1, 2018	Gross value 9,868	Impairment losses ⁽²⁾ (1,418)	Net amount 8,450
(in millions of euros) Acquisitions	Gross value 237	Impairment losses ⁽²⁾ -	Net amount 237
(in millions of euros) Impairment	Gross value -	Impairment losses ⁽²⁾ -	Net amount -
(in millions of euros) Changes related to the recognition of commitments to buy-out non-controlling interests⁽¹⁾	Gross value (36)	Impairment losses ⁽²⁾ -	Net amount (36)
(in millions of euros) Disposals and planned disposals	Gross value (67)	Impairment losses ⁽²⁾ -	Net amount (67)
(in millions of euros) Change	Gross value 222	Impairment losses ⁽²⁾ (55)	Net amount 167
(in millions of euros) December 31, 2018	Gross value 10,224	Impairment losses ⁽²⁾ (1,473)	Net amount 8,751
(in millions of euros) Acquisitions⁽³⁾	Gross value 2,689	Impairment losses ⁽²⁾ -	Net amount 2,689
(in millions of euros) Impairment	Gross value -	Impairment losses ⁽²⁾ (9)	Net amount (9)
(in millions of euros) Changes related to the recognition of commitments to buy-out non-controlling interests⁽¹⁾	Gross value 56	Impairment losses ⁽²⁾ -	Net amount 56
(in millions of euros) Disposals and planned disposals	Gross value (52)	Impairment losses ⁽²⁾ 49	Net amount (3)
(in millions of euros) Change	Gross value 172	Impairment losses ⁽²⁾ (27)	Net amount 145
(in millions of euros) December 31, 2019	Gross value 13,089	Impairment losses ⁽²⁾ (1,460)	Net amount 11,629

(1) See Note 1.3 on the accounting treatment of commitments to buy-out non-controlling interests.
(2) See Note 5.
(3 ) The increase in goodwill corresponds mainly to Epsilon for euro 2,392 million.

Goodwill by geographic region is described in Note 29, and by Solution hub in Note 5.