Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 178

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 178
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economic conditions, reducing sales growth and estimated cash flows. As a result, a goodwill impairment of $119 million was recorded in the fourth quarter 2022.At December 31, 2024 and 2023, goodwill was as follows:At December 31, 2024At December 31, 2023(in millions)Southern Company$5,161 $5,161 Southern Company Gas:Gas distribution operations$4,034 $4,034 Gas marketing services981 981 Southern Company Gas total$5,015 $5,015 

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

At December 31, 2024 and 2023, other intangible assets were as follows:At December 31, 2024At December 31, 2023Gross Carrying AmountAccumulated AmortizationOtherIntangible Assets, NetGross Carrying AmountAccumulated AmortizationOtherIntangible Assets, Net(in millions)(in millions)Southern CompanySubject to amortization:Customer relationships$212 $(182)$30 $212 $(172)$40 Trade names64 (59)5 64 (53)11 PPA fair value adjustments390 (168)222 390 (148)242 Other3 (3)— 3 (3)— Total subject to amortization$669 $(412)$257 $669 $(376)$293 Not subject to amortization:FCC licenses75 — 75 75 — 75 Total other intangible assets$744 $(412)$332 $744 $(376)$368 Southern Power(*)PPA fair value adjustments$390 $(168)$222 $390 $(148)$242 Southern Company Gas(*)Gas marketing servicesCustomer relationships$156 $(150)$6 $156 $(145)$11 Trade names26 (23)3 26 (21)5 Total other intangible assets$182 $(173)$9 $182 $(166)$16 (*)All subject to amortization.Amortization associated with other intangible assets in 2024, 2023, and 2022 was as follows:202420232022(in millions)Southern Company(a)$35 $38 $39 Southern Power(b)20 20 20 Southern Company GasGas