INTANGIBLE ASSETS AND GOODWILL (Tables)

3 Months Ended

Mar. 31, 2020

INTANGIBLE ASSETS AND GOODWILL

Schedule of intangible assets

	March 31, 2020
	Gross		Accumulated
	Assets		Amortization		Net		Amortization Life and Method
	(in millions)
Finite Lived Assets
Customer contracts and lists	$	319.9	$	(285.6)	$	34.3	7 years—straight line
Premium on purchased credit card portfolios		176.4		(87.8)		88.6	1-13 years—straight line
Collector database		49.8		(49.0)		0.8	5 years—straight line
Tradenames		31.3		(26.3)		5.0	8-15 years—straight line
	$	577.4	$	(448.7)	$	128.7
Indefinite Lived Assets
Tradename		1.2		—		1.2	Indefinite life
Total intangible assets	$	578.6	$	(448.7)	$	129.9

	December 31, 2019
	Gross		Accumulated
	Assets		Amortization		Net		Amortization Life and Method
	(in millions)
Finite Lived Assets
Customer contracts and lists	$	325.1	$	(278.7)	$	46.4	7 years—straight line
Premium on purchased credit card portfolios		192.6		(93.2)		99.4	1-13 years—straight line
Collector database		53.9		(52.9)		1.0	5 years—straight line
Tradenames		31.8		(26.5)		5.3	8-15 years—straight line
	$	603.4	$	(451.3)	$	152.1
Indefinite Lived Assets
Tradename		1.2		—		1.2	Indefinite life
Total intangible assets	$	604.6	$	(451.3)	$	153.3

Schedule of estimated amortization expense related to intangible assets

	For the Years Ending
	December 31,
	(in millions)
2020 (excluding the three months ended March 31, 2020)	$	59.7
2021		22.2
2022		17.5
2023		12.8
2024		10.7
Thereafter		5.8

Schedule of changes in carrying amount of goodwill

	LoyaltyOne		Card Services		Total
	(in millions)
Balance at January 1, 2020	$	690.9	$	264.0	$	954.9
Goodwill related to sale of Precima		(3.2)		—		(3.2)
Effects of foreign currency translation		(22.6)		—		(22.6)
Balance at March 31, 2020	$	665.1	$	264.0	$	929.1