Goodwill and Other Intangible Assets, Net

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Our senior management evaluates, oversees and manages the financial performance of our operations through two field groups, referred to as Group 1 and Group 2.

Goodwill

A summary of the activity and balances in goodwill accounts by reporting segment follows:


	Balance as of December 31, 2018		Acquisitions		Divestitures		Adjustments to Acquisitions		Balance as of June 30, 2019
Group 1	$	6,150.6	$	78.0	$	—	$	(2.3)	$	6,226.3
Group 2	5,249.5		21.9		—		—		5,271.4
Total	$	11,400.1	$	99.9	$	—	$	(2.3)	$	11,497.7

Other Intangible Assets, Net

Other intangible assets, net, include values assigned to customer relationships, non-compete agreements and trade names, and are amortized over periods ranging from 1 to 18 years. A summary of the activity and balances by intangible asset type follows:


	Gross Intangible Assets														Accumulated Amortization				Other Intangible Assets, Net as of June 30, 2019
	Balance as of December 31, 2018		Acquisitions		Adjustments and Other ⁽¹⁾		Balance as of June 30, 2019		Balance as of December 31, 2018		Additions Charged to Expense		Adjustments and Other ⁽¹⁾		Balance as of June 30, 2019
Customer relationships, franchise and other municipal agreements	$	692.4	$	23.6	$	—	$	716.0	$	(607.2)	$	(7.6)	$	0.2	$	(614.6)	$	101.4
Non-compete agreements	37.0		6.3		0.9		44.2		(31.5)		(1.8)		—		(33.3)		10.9
Other intangible assets	64.3		—		(6.1)		58.2		(48.5)		(0.4)		4.2		(44.7)		13.5
Total	$	793.7	$	29.9	$	(5.2)	$	818.4	$	(687.2)	$	(9.8)	$	4.4	$	(692.6)	$	125.8

(1) In accordance with our adoption of the new leasing standard, we transferred $1.9 million of net favorable lease assets recognized through historical acquisitions to other assets as of January 1, 2019.