What was the amount of currency translation adjustments and other for Budget's Americas division as of December 31, 2024?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
intangible assets at December 31, 2024, we expect amortization expense of approximately $22 million for 2025, $21 million for 2026, $15 million for 2027, $9 million for 2028 and $7 million for 2029 excluding effects of currency exchange rates.
The carrying amounts of goodwill and related changes are as follows:
| Americas | 5 | International | Total Company | |
|---|---|---|---|---|
| • | 2.137 | $ 1,051 | $ 3,188 | |
| Goodwill as of January 1, 2023 | • | (1,587) | (531) | (2,118) |
| Accumulated impairment losses as of January 1, 2023 | 550 | 520 | 1,070 | |
| Goodwill as of January 1, 2023 | 330 | 10 | 10 | |
| Acquisitions | 1 | 18 | 19 | |
| Currency translation adjustments and other | 551 | 548 | 1,099 | |
| Goodwill as of December 31, 2023 | 551 | 3-10 | 2 | |
| Acquisitions | (27) | (30) | ||
| Currency translation adjustments and other | (3) | $ 523 | $ 1.071 | |
| Goodwill as of December 31, 2024 | $ | 548 | $ 523 | 3 1,071 |
| Goodwill as of December 51, 2027 |
8.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the currency translation adjustments and other for the Americas division as of December 31, 2024, is not explicitly listed. However, the goodwill as of December 31, 2024, for the Americas division is listed as $548.
While the exact figure for currency translation adjustments isn't provided, the FDD does include a table that lists "Other Adjustments" which primarily consist of currency translation adjustments. For the year ended December 31, 2024, the "Other Adjustments" figure related to the allowance for doubtful accounts is listed as $(75). The "Other Adjustments" figure related to the tax valuation allowance is listed as $(15).
To gain a clearer understanding of the currency translation adjustments specifically for the Americas division, a prospective Budget franchisee should directly ask the franchisor for a detailed breakdown of these adjustments. This inquiry would help in assessing the financial performance and stability of the Americas division.