Any residual difference between the fair value of the consideration transferred (for example the amount paid), increased by the amount of the non-controlling interest in the acquired company (measured either at fair value or its share in the fair value of the identifiable net assets acquired) and the fair value as of the date of acquisition of the assets acquired and liabilities assumed, is recognized as goodwill in the statement of financial position.
Goodwill is analyzed by operating segment, as reflected in the Group’s organizational structure, which came into effect in the first quarter of Fiscal 2023 (note 4.1):
Principles applicable to the accounting of business combinations are described in note 3.
Goodwill is not amortized, but is subject to impairment tests immediately if there are indicators of impairment, and at least once per year. Impairment test procedures are described in note 6.4 “Impairment of non-current assets”. Goodwill impairment losses recognized in the income statement are irreversible.
Changes in goodwill during the fiscal year were as follows:
| (in millions of euros) | SEPTEMBER 1, 2024 | INCREASES DURING THE FISCAL YEAR(1) | DECREASES DURING THE FISCAL YEAR(2) | IMPAIRMENT LOSSES | RECLASSIFICATIONS | EXCHANGE DIFFERENCES | OTHER MOVEMENTS | AUGUST 31, 2025 |
|---|---|---|---|---|---|---|---|---|
| North America | North AmericaSEPTEMBER 1, 20242,403 | North America INCREASES DURING THE FISCAL YEAR(1)57 |
North America DECREASES DURING THE FISCAL YEAR(2)— |
North America IMPAIRMENT LOSSES — |
North America RECLASSIFICATIONS — |
North America EXCHANGE DIFFERENCES (126) |
North America OTHER MOVEMENTS — |
North AmericaAUGUST 31, 20252,334 |
| France | France SEPTEMBER 1, 2024515 |
France INCREASES DURING THE FISCAL YEAR(1)19 |
France DECREASES DURING THE FISCAL YEAR(2)— |
France IMPAIRMENT LOSSES — |
France RECLASSIFICATIONS — |
France EXCHANGE DIFFERENCES — |
France OTHER MOVEMENTS — |
France AUGUST 31, 2025534 |
| United Kingdom & Ireland | United Kingdom & Ireland SEPTEMBER 1, 2024683 |
United Kingdom & Ireland INCREASES DURING THE FISCAL YEAR(1)— |
United Kingdom & Ireland DECREASES DURING THE FISCAL YEAR(2)— |
United Kingdom & Ireland IMPAIRMENT LOSSES — |
United Kingdom & Ireland RECLASSIFICATIONS — |
United Kingdom & Ireland EXCHANGE DIFFERENCES (20) |
United Kingdom & Ireland OTHER MOVEMENTS — |
United Kingdom & Ireland AUGUST 31, 2025663 |
| Continental Europe | Continental Europe SEPTEMBER 1, 2024781 |
Continental Europe INCREASES DURING THE FISCAL YEAR(1)1 |
Continental Europe DECREASES DURING THE FISCAL YEAR(2)— |
Continental Europe IMPAIRMENT LOSSES — |
Continental Europe RECLASSIFICATIONS — |
Continental Europe EXCHANGE DIFFERENCES (18) |
Continental Europe OTHER MOVEMENTS — |
Continental Europe AUGUST 31, 2025764 |
| Europe | EuropeSEPTEMBER 1, 20241,979 | Europe INCREASES DURING THE FISCAL YEAR(1)20 |
Europe DECREASES DURING THE FISCAL YEAR(2)— |
Europe IMPAIRMENT LOSSES — |
Europe RECLASSIFICATIONS — |
Europe EXCHANGE DIFFERENCES (38) |
Europe OTHER MOVEMENTS — |
EuropeAUGUST 31, 20251,961 |
| Asia-Pacific, Middle East & Africa | Asia-Pacific, Middle East & Africa SEPTEMBER 1, 2024649 |
Asia-Pacific, Middle East & Africa INCREASES DURING THE FISCAL YEAR(1)— |
Asia-Pacific, Middle East & Africa DECREASES DURING THE FISCAL YEAR(2)(8) |
Asia-Pacific, Middle East & Africa IMPAIRMENT LOSSES — |
Asia-Pacific, Middle East & Africa RECLASSIFICATIONS — |
Asia-Pacific, Middle East & Africa EXCHANGE DIFFERENCES (41) |
Asia-Pacific, Middle East & Africa OTHER MOVEMENTS — |
Asia-Pacific, Middle East & Africa AUGUST 31, 2025600 |
| Latin America | Latin America SEPTEMBER 1, 2024345 |
Latin America INCREASES DURING THE FISCAL YEAR(1)— |
Latin America DECREASES DURING THE FISCAL YEAR(2)— |
Latin America IMPAIRMENT LOSSES — |
Latin America RECLASSIFICATIONS — |
Latin America EXCHANGE DIFFERENCES (21) |
Latin America OTHER MOVEMENTS — |
Latin America AUGUST 31, 2025324 |
| Brazil | Brazil SEPTEMBER 1, 2024188 |
Brazil INCREASES DURING THE FISCAL YEAR(1)— |
Brazil DECREASES DURING THE FISCAL YEAR(2)— |
Brazil IMPAIRMENT LOSSES — |
Brazil RECLASSIFICATIONS — |
Brazil EXCHANGE DIFFERENCES (3) |
Brazil OTHER MOVEMENTS — |
Brazil AUGUST 31, 2025185 |
| Rest of the World | Rest of the WorldSEPTEMBER 1, 20241,182 | Rest of the World INCREASES DURING THE FISCAL YEAR(1)— |
Rest of the World DECREASES DURING THE FISCAL YEAR(2)(8) |
Rest of the World IMPAIRMENT LOSSES — |
Rest of the World RECLASSIFICATIONS — |
Rest of the World EXCHANGE DIFFERENCES (65) |
Rest of the World OTHER MOVEMENTS — |
Rest of the WorldAUGUST 31, 20251,109 |
| TOTAL | TOTALSEPTEMBER 1, 20245,564 | TOTAL INCREASES DURING THE FISCAL YEAR(1)77 |
TOTAL DECREASES DURING THE FISCAL YEAR(2)(8) |
TOTAL IMPAIRMENT LOSSES — |
TOTAL RECLASSIFICATIONS — |
TOTAL EXCHANGE DIFFERENCES (229) |
TOTAL OTHER MOVEMENTS — |
TOTALAUGUST 31, 20255,404 |
