CONSTELLATION ENERGY GENERATION LLC
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
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12. Intangible Assets
- Intangible Assets
Goodwill
See Note 1 — Basis of Presentation for our policy regarding goodwill. Our operating segments are also considered reporting units for goodwill impairment assessment purposes.
The following table provides a rollforward of the carrying amount of goodwill from January 1, 2024 to December 31, 2025. There were no impairment losses for the years ended December 31, 2025, 2024, and 2023.
| 2025 | 2024 | |
|---|---|---|
| Beginning balance as of January 1 | $420 | $425 |
| Goodwill allocated to assets held for sale | — | (5) |
| Ending balance as of December 31 | $420 | $420 |
Other Intangible Assets and Liabilities
Our other intangible assets and liabilities included in Other current assets, Other deferred debits and other assets, Other current liabilities, and Other deferred credits and other liabilities in the Consolidated Balance Sheets, consisted of the following as of December 31, 2025 and 2024. The customer relationships are generally amortized on a straight line basis, while UECs are amortized in accordance with the expected realization of the underlying cash flows:
| December 31, 2025 | December 31, 2024 | |||||
|---|---|---|---|---|---|---|
| Gross | Accumulated Amortization | Net | Gross | Accumulated Amortization | Net | |
| UECs | $1,850 | $(1,686) | $164 | $1,850 | $(1,669) | $181 |
| Customer Relationships | 174 | (137) | 37 | 244 | (189) | 55 |
| Total | $2,024 | $(1,823) | $201 | $2,094 | $(1,858) | $236 |
The following table summarizes the amortization expense related to our other intangible assets and liabilities for the years ended December 31, 2025, 2024, and 2023:
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Amortization expense(a) | $35 | $60 | $58 |
(a)See Note 22 — Supplemental Financial Information for additional information on amortization expense.
Note 12 — Intangible Assets
The following table summarizes the estimated future amortization expense related to our other intangible assets and liabilities as of December 31, 2025:
| For the Years Ending December 31, | Estimated Future Amortization Expense |
|---|---|
| 2026 | $41 |
| 2027 | 33 |
| 2028 | 28 |
| 2029 | 20 |
| 2030 | 16 |
| 2031 and thereafter | 63 |
| Total | $201 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.