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Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

Note 8 — Goodwill and Other Intangible Assets

The components of goodwill are outlined below for the six months ended June 30, 2022. The prior year segment information has been retrospectively adjusted to conform to the current year presentation.

 

 

 

HWC

 

 

R&B

 

 

Total

 

Balance at December 31, 2021:

 

 

 

 

 

 

 

 

 

Goodwill, gross

 

$

7,904

 

 

$

2,771

 

 

$

10,675

 

Accumulated impairment losses

 

 

(130

)

 

 

(362

)

 

 

(492

)

Goodwill, net - December 31, 2021

 

 

7,774

 

 

 

2,409

 

 

 

10,183

 

Goodwill acquired

 

 

—

 

 

 

97

 

 

 

97

 

Goodwill disposals

 

 

—

 

 

 

(18

)

 

 

(18

)

Foreign exchange

 

 

(35

)

 

 

(69

)

 

 

(104

)

Balance at June 30, 2022:

 

 

 

 

 

 

 

 

 

Goodwill, gross

 

 

7,869

 

 

 

2,781

 

 

 

10,650

 

Accumulated impairment losses

 

 

(130

)

 

 

(362

)

 

 

(492

)

Goodwill, net - June 30, 2022

 

$

7,739

 

 

$

2,419

 

 

$

10,158

 

 

Other Intangible Assets

The following table reflects changes in the net carrying amounts of the components of finite-lived intangible assets for the six months ended June 30, 2022:

 

 

 

Client relationships

 

 

Software

 

 

Trademark and trade name

 

 

Other

 

 

Total

 

Balance at December 31, 2021:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets, gross

 

$

3,794

 

 

$

742

 

 

$

1,039

 

 

$

102

 

 

$

5,677

 

Accumulated amortization

 

 

(2,118

)

 

 

(701

)

 

 

(257

)

 

 

(46

)

 

 

(3,122

)

Intangible assets, net - December 31, 2021

 

 

1,676

 

 

 

41

 

 

 

782

 

 

 

56

 

 

 

2,555

 

Intangible assets acquired

 

 

60

 

 

 

—

 

 

 

1

 

 

 

—

 

 

 

61

 

Intangible asset disposals

 

 

(1

)

 

 

—

 

 

 

—

 

 

 

(5

)

 

 

(6

)

Amortization

 

 

(118

)

 

 

(23

)

 

 

(21

)

 

 

(6

)

 

 

(168

)

Foreign exchange

 

 

(33

)

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

(34

)

Balance at June 30, 2022:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets, gross

 

 

3,760

 

 

 

723

 

 

 

1,038

 

 

 

96

 

 

 

5,617

 

Accumulated amortization

 

 

(2,176

)

 

 

(705

)

 

 

(277

)

 

 

(51

)

 

 

(3,209

)

Intangible assets, net - June 30, 2022

 

$

1,584

 

 

$

18

 

 

$

761

 

 

$

45

 

 

$

2,408

 

 

The weighted-average remaining life of amortizable intangible assets at June 30, 2022 was 12.7 years.

The table below reflects the future estimated amortization expense for amortizable intangible assets for the remainder of 2022 and for subsequent years:

 

 

 

Amortization

 

Remainder of 2022

 

$

143

 

2023

 

 

261

 

2024

 

 

229

 

2025

 

 

208

 

2026

 

 

202

 

Thereafter

 

 

1,365

 

Total

 

$

2,408