| | | | | | | | | | | | | | | | | | | | | | | Customer and | | | | Assets | | | | | | | | | Product- | | distribution- | | | | in course of | | | | | | | Technology | | related | | related | | Software | | construction | | Total | | | Notes | | $ million | | $ million | | $ million | | $ million | | $ million | | $ million | Cost | | | | | | | | | | | | | | | At 1 January 2024 | | | | 582 | | 2,273 | | 236 | | 547 | | 178 | | 3,816 | Exchange adjustment | | | | (7) | | (35) | | (6) | | (10) | | (1) | | (59) | Acquisitions | | 21 | | 81 | | 3 | | – | | – | | – | | 84 | Additions | | | | – | | 1 | | 4 | | 30 | | 52 | | 87 | Disposals | | | | – | | – | | – | | (9) | | (1) | | (10) | Transfers | | | | 1 | | (3) | | – | | 143 | | (133) | | 8 | At 31 December 2024 | | | | 657 | | 2,239 | | 234 | | 701 | | 95 | | 3,926 | Exchange adjustment | | | | 15 | | 62 | | 6 | | 21 | | 4 | | 108 | Additions | | | | – | | 2 | | – | | 5 | | 69 | | 76 | Disposals | | | | – | | – | | – | | (8) | | (1) | | (9) | Transfers | | | | – | | (2) | | – | | 67 | | (63) | | 2 | At 31 December 2025 | | | | 672 | | 2,301 | | 240 | | 786 | | 104 | | 4,103 | Amortisation and impairment | | | | | | | | | | | | | | | At 1 January 2024 | | | | 276 | | 1,801 | | 176 | | 453 | | – | | 2,706 | Exchange adjustment | | | | (3) | | (33) | | (5) | | (9) | | – | | (50) | Charge for the year | | | | 54 | | 109 | | 15 | | 52 | | – | | 230 | Impairment | | | | 15 | | – | | – | | 1 | | – | | 16 | Disposals | | | | – | | – | | – | | (8) | | – | | (8) | At 31 December 2024 | | | | 342 | | 1,877 | | 186 | | 489 | | – | | 2,894 | Exchange adjustment | | | | 9 | | 59 | | 5 | | 13 | | – | | 86 | Charge for the year | | | | 50 | | 110 | | 14 | | 65 | | – | | 239 | Impairment | | | | 10 | | – | | – | | – | | – | | 10 | Disposals | | | | – | | – | | – | | (8) | | – | | (8) | At 31 December 2025 | | | | 411 | | 2,046 | | 205 | | 559 | | – | | 3,221 | Net book amounts | | | | | | | | | | | | | | | At 31 December 2025 | | | | 261 | | 255 | | 35 | | 227 | | 104 | | 882 | At 31 December 2024 | | | | 315 | | 362 | | 48 | | 212 | | 95 | | 1,032 |
Amortisation and impairment of acquisition intangibles is set out below: | | | | | | | | 2025 | | 2024 | | | | $ million | | $ million | | Technology | | 61 | | 69 | | Product-related | | 105 | | 108 | | Customer and distribution-related | | 10 | | 10 | | Total | | 176 | | 187 | |
The table below provides further detail on the largest intangible assets and their remaining amortisation period: | | | | | | | | | | | | | | | | | Customer and | | Total | | | | | | | Product- | | distribution- | | Carrying | | Remaining | | | Technology | | related | | related | | value | | amortisation | | | $ million | | $ million | | $ million | | $ million | | period | Intangibles acquired as part of the CartiHeal acquisition | | 66 | | 3 | | – | | 69 | | 8-9 years | Intangibles acquired as part of the ArthroCare acquisition | | 97 | | 68 | | – | | 165 | | 8-9 years | Intangibles acquired as part of the Osiris acquisition | | – | | 80 | | 26 | | 106 | | 2-3 years | Intangibles acquired as part of the Healthpoint acquisition | | 32 | | 72 | | 3 | | 107 | | 2 years |
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