[ConservativeMind]

“That net loss was largely caused by an impairment charge of $15.4 billion to adjust the goodwill in some of its businesses, including the Kraft and Oscar Mayer trademarks.”

The company is currently worth $43 billion.

That is a HUGE amount for intangibles and for a loss!

[mad_as_he$$]

... $15.4 billion ...

That’s a lot of hot dogs and mustard.

[bIlluminati]

The change knocks total assets from $120 billion to $105 billion, and goodwill plus intangible assets from $103 billion to “only” $88 billion. So, tangible assets are $17 billion, and tangible liabilities are $54 billion. So, accounting like Wells Fargo (another Buffett company) or the State of Illinois (does Buffett own this?).

[PeterPrinciple]

adjust the goodwill

---

Good will is an accounting entry, no real value.

Think about the USA and the amount of good will on our balance sheet.

[Fido969]

Huh! There was a different Kraft whose Oscar Mayer was falling, as well, today.

[buckalfa]

""That net loss was largely caused by an impairment charge of $15.4 billion to adjust the goodwill in some of its businesses, including the Kraft and Oscar Mayer trademarks.”"

Ah, the old goodwill entry on the balance sheet. The ultimate fudge factor to enhance the owner's equity part of the A= L+OE formula. It also hides the fact they over paid for an asset.