GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying value of goodwill for each of the Company’s business segments were as follows:


	Property														Services	Total
	U.S.		Asia		Africa		Europe		Latin America
Balance as of January 1, 2020	$	3,415.3	$	1,021.8	$	790.2	$	256.2	$	692.8	$	2.0	$	6,178.3
Additions and adjustments (1)	—		—		(0.1)		—		—		—		(0.1)
Effect of foreign currency translation	—		(57.4)		(35.4)		(4.1)		(132.5)		—		(229.4)
Balance as of March 31, 2020	$	3,415.3	$	964.4	$	754.7	$	252.1	$	560.3	$	2.0	$	5,948.8

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(1) Additions consist of $0.1 million from revisions to prior-year acquisitions due to measurement period adjustments.

The Company’s other intangible assets subject to amortization consisted of the following:


		As of March 31, 2020										As of December 31, 2019
	Estimated Useful Lives (years)	Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value
Acquired network location intangibles (1)	Up to 20	$	4,967.0	$	(1,938.8)	$	3,028.2	$	5,150.8	$	(1,920.4)	$	3,230.4
Acquired tenant-related intangibles	Up to 20	12,193.2		(3,707.5)		8,485.7		12,674.1		(3,674.6)		8,999.5
Acquired licenses and other intangibles	3-20	93.9		(7.2)		86.7		106.7		(18.2)		88.5
Total other intangible assets		$	17,254.1	$	(5,653.5)	$	11,600.6	$	17,931.6	$	(5,613.2)	$	12,318.4

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(1) Acquired network location intangibles are amortized over the shorter of the term of the corresponding ground lease, taking into consideration lease renewal options and residual value, or up to 20 years, as the Company considers these intangibles to be directly related to the tower assets.

The acquired network location intangibles represent the value to the Company of the incremental revenue growth that could potentially be obtained from leasing the excess capacity on acquired communications sites. The acquired tenant-related intangibles typically represent the value to the Company of tenant contracts and relationships in place at the time of an acquisition or similar transaction, including assumptions regarding estimated renewals.

The Company amortizes its acquired network location intangibles and tenant-related intangibles on a straight-line basis over their estimated useful lives. As of March 31, 2020, the remaining weighted average amortization period of the Company’s intangible assets was 15 years. Amortization of intangible assets for the three months ended March 31, 2020 and 2019 was $217.5 million and $192.7 million, respectively. Based on current exchange rates, the Company expects to record amortization expense as follows over the remaining current year and the five subsequent years:


Fiscal Year	Amount
Remainder of 2020	$	628.4
2021	822.7
2022	818.8
2023	815.2
2024	806.3
2025	790.8