What was The Standardx's consolidated goodwill balance as of December 31, 2024?

According to The Standardx's 2025 Franchise Disclosure Document, the company's consolidated goodwill balance as of December 31, 2024, was $2,869 million. The accumulated impairment losses totaled $328 million, resulting in a net goodwill of $2,541 million. Goodwill is an accounting term representing the intangible assets acquired in a business combination, such as brand reputation and customer relationships. It is subject to impairment reviews, where its value is assessed and written down if it has declined.

The FDD also provides a breakdown of the goodwill by segment. As of December 31, 2024, the goodwill was allocated as follows: $1,609 million to Management and franchising, $210 million to Owned and leased, $713 million to Distribution, $2 million to Overhead, and $335 million to Unallocated. These figures show how The Standardx distributes its goodwill across different business segments.

It is important to note that during the year ended December 31, 2024, The Standardx recognized goodwill impairment losses of $163 million. This included $110 million in the Management and franchising segment, $15 million in the Owned and leased segment, and $38 million related to disposals. These impairment losses reflect a reduction in the value of goodwill, which can be influenced by factors such as changes in projected business performance and valuation factors. A prospective franchisee should be aware of these potential fluctuations in goodwill value, as they can impact the overall financial health of The Standardx.