Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 222

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 222
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, or more frequently if goodwill impairment indicators exist.

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    Table of Contents                                Index to Financial StatementsNOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)(UNAUDITED)

Other intangible assets were as follows:At September 30, 2025At December 31, 2024Gross Carrying AmountAccumulated AmortizationOtherIntangible Assets, NetGross Carrying AmountAccumulated AmortizationOtherIntangible Assets, Net(in millions)(in millions)Southern CompanySubject to amortization:Customer relationships$212 $(186)$26 $212 $(182)$30 Trade names64 (64)— 64 (59)5 PPA fair value adjustments390 (183)207 390 (168)222 Other3 (3)— 3 (3)— Total subject to amortization$669 $(436)$233 $669 $(412)$257 Not subject to amortization:FCC licenses75 — 75 75 — 75 Total other intangible assets$744 $(436)$308 $744 $(412)$332 Southern Power(*)PPA fair value adjustments$390 $(183)$207 $390 $(168)$222 Southern Company Gas(*)Gas marketing servicesCustomer relationships$156 $(152)$4 $156 $(150)$6 Trade names26 (26)— 26 (23)3 Total other intangible assets$182 $(178)$4 $182 $(173)$9 (*)All subject to amortization.Amortization associated with other intangible assets was as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in millions)Southern Company(a)$8 $9 $24 $27 Southern Power(b)5 5 15 15 Southern Company GasGas marketing services2 2 5 5 (a)Includes $5 million for the three months ended September 30, 2025 and 2024 and $15 million for the nine months ended September 30, 2025 and 2024 recorded as a reduction to operating revenues.(b)Recorded as a reduction to operating revenues.

45

    Table of Contents                                Index to Financial StatementsNOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)(UNAUDITED)

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