DNOW Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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8. Goodwill
Goodwill is identified by segment as follows (in millions):
| United States | Canada | International | Total | |
|---|---|---|---|---|
| Balance at December 31, 2023(1) | $139 | $— | $— | $139 |
| Additions | 91 | — | — | 91 |
| Balance at December 31, 2024 | $230 | $— | $— | $230 |
| Additions | 290 | — | 97 | 387 |
| Balance at December 31, 2025 | $520 | $— | $97 | $617 |
(1)
Net of prior years' accumulated impairment losses of $518 million, $87 million and $99 million in the U.S., Canada and International segments, respectively.
During the fourth quarter of 2025, 2024 and 2023, the Company performed its annual goodwill impairment assessment using a qualitative assessment that did not indicate a more detailed quantitative analysis was necessary. This assessment evaluated changes in macroeconomic conditions, overall industry and market considerations and company-specific business metrics, performance and events. See Note 20 “Acquisitions” for additional information.
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