Universal Registration Document 2023

Note 12 Goodwill

/ Changes in goodwill

(in millions of euros)	Gross value	Impairment loss	Net amount
December 31, 2021	December 31, 2021 Gross value 13,216	December 31, 2021 Impairment loss (1,456)	December 31, 2021 Net amount 11,760
Acquisitions	Acquisitions Gross value 458	Acquisitions Impairment loss -	Acquisitions Net amount 458
Impairment loss ⁽¹⁾	Impairment loss ⁽¹⁾ Gross value -	Impairment loss ⁽¹⁾ Impairment loss (28)	Impairment loss ⁽¹⁾ Net amount (28)
Changes related to the revaluation of earn‑outs during the window period ⁽²⁾	Changes related to the revaluation of earn‑outs during the window period ⁽²⁾ Gross value (22)	Changes related to the revaluation of earn‑outs during the window period ⁽²⁾ Impairment loss -	Changes related to the revaluation of earn‑outs during the window period ⁽²⁾ Net amount (22)
Disposals ⁽³⁾	Disposals ⁽³⁾ Gross value (56)	Disposals ⁽³⁾ Impairment loss -	Disposals ⁽³⁾ Net amount (56)
Foreign exchange	Foreign exchange Gross value 512	Foreign exchange Impairment loss (78)	Foreign exchange Net amount 434
December 31, 2022	December 31, 2022 Gross value 14,108	December 31, 2022 Impairment loss (1,562)	December 31, 2022 Net amount 12,546
Acquisitions	Acquisitions Gross value 273	Acquisitions Impairment loss -	Acquisitions Net amount 273
Impairment loss ⁽¹⁾	Impairment loss ⁽¹⁾ Gross value -	Impairment loss ⁽¹⁾ Impairment loss (6)	Impairment loss ⁽¹⁾ Net amount (6)
Changes related to the revaluation of earn‑outs during the window period ⁽²⁾	Changes related to the revaluation of earn‑outs during the window period ⁽²⁾ Gross value (23)	Changes related to the revaluation of earn‑outs during the window period ⁽²⁾ Impairment loss -	Changes related to the revaluation of earn‑outs during the window period ⁽²⁾ Net amount (23)
Disposals	Disposals Gross value -	Disposals Impairment loss -	Disposals Net amount -
Foreign exchange	Foreign exchange Gross value (410)	Foreign exchange Impairment loss 42	Foreign exchange Net amount (368)
December 31, 2023	December 31, 2023 Gross value 13,948	December 31, 2023 Impairment loss (1,5226)	December 31, 2023 Net amount 12,422

See Note 7
See Note 1.3 on the change in fair‑value on any earn‑out in a business combination
The euro 56 million are due to the disposal of MMS Communication LLC in Russia for euro 26 million and of Qorvis for euro 30 million.

The net carrying amounts of goodwill by cash‑generating unit or by group of cash‑generating units are disclosed in Note 7.