XML 26 R17.htm IDEA: XBRL DOCUMENT v3.22.2
Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table sets forth the change in the carrying amount of goodwill during the six months ended June 30, 2022 (in millions):
Balance as of December 31, 2021
$1,777.4 
Acquisitions8.3 
Translation and other adjustments(0.5)
Balance as of June 30, 2022
$1,785.2 
The changes in the carrying amount of goodwill for the six months ended June 30, 2022 were driven primarily by the Company’s recent acquisitions. See Note 3 for additional information.
Intangible Assets
The intangible asset lives range from 5 to 20 years. The following table summarizes intangible assets by category (in millions, except time periods):
June 30,December 31,June 30,Weighted-Average Remaining
202220212021
Life1 (Years)
Amortizable intangible assets:
Non-compete agreements$— $0.2 $0.2 
Customer relationships1,097.5 1,092.3 1,086.1 15.1
Trademarks1.0 1.0 — 0.5
Total amortizable intangible assets1,098.5 1,093.5 1,086.3 15.1
Accumulated amortization(724.9)(682.3)(656.3)
Total amortizable intangible assets, net373.6 411.2 430.0 
Indefinite-lived trademarks9.8 9.8 9.8 
Total intangibles, net$383.4 $421.0 $439.8 
1.As of June 30, 2022.
The following table summarizes the estimated future amortization expense for intangible assets (in millions):
Year Ending December 31, 
2022 (July - December)$40.0 
202367.2 
202454.6 
202544.3 
202635.7 
Thereafter131.8 
Total future amortization expense$373.6