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GOODWILL AND OTHER INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
The changes in the carrying value of goodwill for each of the Company’s business segments were as follows:
 PropertyServicesTotal
 U.S. & CanadaAsia-PacificAfricaEuropeLatin AmericaData Centers
Balance as of January 1, 2023$4,637.5 $889.2 $548.5 $3,044.0 $915.5 $2,920.0 $2.0 $12,956.7 
Other (1)— — — — (20.7)— — (20.7)
Impairments (2)— (322.0)— — — — — (322.0)
Effect of foreign currency translation(0.1)(3.4)(44.5)(37.6)41.3 — — (44.3)
Balance as of September 30, 2023$4,637.4 $563.8 $504.0 $3,006.4 $936.1 $2,920.0 $2.0 $12,569.7 
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(1)Other represents the goodwill associated with Mexico Fiber, which was sold during the nine months ended September 30, 2023.
(2)Includes $322.0 million of goodwill impairment associated with the India reporting unit.

India Goodwill Impairment
The Company reviews goodwill for impairment annually (as of December 31) or whenever events or circumstances indicate the carrying amount of an asset may not be recoverable, as further discussed in note 1 to its consolidated financial statements included in the 2022 Form 10-K.
The Company concluded that a triggering event occurred as of September 30, 2023 with respect to its India reporting unit primarily due to indications of value received from third parties in connection with the Company’s review of various strategic alternatives for its India operations, including the potential sale of equity interests in its India operations. As a result, the Company performed an interim quantitative goodwill impairment test as of September 30, 2023 using, among other things, the information obtained from third parties to compare the fair value of the India reporting unit to its carrying amount, including goodwill. The result of the Company’s interim goodwill impairment test as of September 30, 2023 indicated that the carrying amount of the Company's India reporting unit exceeded its estimated fair value. As a result, the Company recorded a goodwill impairment charge of $322.0 million. The goodwill impairment charge is recorded in Goodwill impairment in the accompanying consolidated statements of operations.
The Company’s other intangible assets subject to amortization consisted of the following:
  As of September 30, 2023As of December 31, 2022
 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
$5,976.9 $(2,714.6)$3,262.3 $6,058.2 $(2,537.9)$3,520.3 
Acquired tenant-related intangibles
Up to 20
18,621.2 (6,397.5)12,223.7 18,941.2 (5,827.7)13,113.5 
Acquired licenses and other intangibles
2-20
1,578.1 (409.0)1,169.1 1,772.9 (423.4)1,349.5 
Total other intangible assets$26,176.2 $(9,521.1)$16,655.1 $26,772.3 $(8,789.0)$17,983.3 
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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, generally 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 tower communications infrastructure. 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. Other intangibles represent the value of acquired licenses, trade name and in place leases. In place lease value represents the
fair value of costs avoided in securing data center customers, including vacancy periods, legal costs and commissions. In place lease value also includes assumptions on similar costs avoided upon the renewal or extension of existing leases on a basis consistent with occupancy assumptions used in the fair value of other assets.
The Company amortizes its acquired intangible assets on a straight-line basis over their estimated useful lives. As of September 30, 2023, the remaining weighted average amortization period of the Company’s intangible assets was 15 years. Amortization of intangible assets for the three and nine months ended September 30, 2023 was $352.0 million and $1.1 billion, respectively. Amortization of intangible assets for the three and nine months ended September 30, 2022 was $378.4 million and $1.3 billion, 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 YearAmount
Remainder of 2023$346.6 
20241,329.6 
20251,278.3 
20261,225.6 
20271,211.3 
20281,204.8