Goodwill activity during 2023 and 2022 was as follows:


(in millions)	2023			2022
Beginning of year balance	$	15,341		$	15,351
Acquisitions(1)		184			—
Other		(1	)		(10	)
End of year balance	$	15,524		$	15,341

(1)

Amount represents goodwill in connection with the Kreos Transaction. The Company believes this acquisition will add to the Company's position as a leading global credit asset manager and advance its ambitions to provide clients with a diverse range of private market investment products and solutions. Total consideration for the transaction was approximately $250 million, which included contingent consideration.

BlackRock assessed its goodwill for impairment as of July 31, 2023, 2022 and 2021 and considered such factors as the book value and the market capitalization of the Company. The impairment assessment indicated no impairment charges were required. The Company continues to monitor its book value per share compared with closing prices of its common stock for potential indicators of impairment. At December 31, 2023, the Company’s common stock closed at a market price of $811.80, which exceeded its book value of $264.96 per share.