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Goodwill and Intangible Assets, Net
 3 Months Ended
Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net

8. Goodwill and Intangible Assets, Net

The following table presents the changes to goodwill for the three months ended March 31, 2022 (in millions):

 

 

 

Goodwill

 

Balance as of December 31, 2021(1)

 

$

3,601.1

 

Additions

 

 

7.5

 

Foreign currency translation adjustments(2)

 

 

(21.8

)

Balance as of March 31, 2021(1)

 

$

3,586.8

 

 

 

 

(1)

There are no accumulated impairment losses at the beginning or end of the period.

 

(2)

The change is primarily related to translation adjustments on goodwill associated with the acquisitions of Small Giant and NaturalMotion, which have functional currencies denominated in the Euro and British Pound, respectively.

 

 

The details of our acquisition-related intangible assets as of March 31, 2022 and December 31, 2021 are as follows (in millions):

 

 

 

March 31, 2022

 

 

 

Gross Carrying

Value

 

 

Accumulated

Amortization

 

 

Net Book Value

 

Developed technology

 

$

1,202.7

 

 

$

(575.9

)

 

$

626.8

 

Trademarks, branding and domain names

 

 

250.9

 

 

 

(71.4

)

 

 

179.5

 

Developer and customer relationships

 

 

44.7

 

 

 

(16.2

)

 

 

28.5

 

Total

 

$

1,498.3

 

 

$

(663.5

)

 

$

834.8

 

 

 

 

 

December 31, 2021

 

 

 

Gross Carrying

Value

 

 

Accumulated

Amortization

 

 

Net Book Value

 

Developed technology

 

$

1,206.2

 

 

$

(525.3

)

 

$

680.9

 

Trademarks, branding and domain names

 

 

251.8

 

 

 

(63.5

)

 

 

188.3

 

Developer and customer relationships

 

 

44.7

 

 

 

(13.4

)

 

 

31.3

 

Total

 

$

1,502.7

 

 

$

(602.2

)

 

$

900.5

 

 

Our trademarks, branding and domain names intangible assets include $6.1 million of indefinite-lived intangible assets as of March 31, 2022 and December 31, 2021. The remaining assets were, and continue to be, amortized on a straight-line basis. Amortization expense related to intangible assets was $66.1 million and $52.8 million for the three months ended March 31, 2022 and 2021, respectively.    

As of March 31, 2022, the weighted-average remaining useful lives of our acquired intangible assets were 3.4 years for developed technology, 5.4 years for trademarks, branding and domain names, 2.6 years for developer and customer relationships and 3.8 years in total, for all acquired intangible assets.

As of March 31, 2022, future amortization expense related to our intangible assets is expected to be recognized as follows (in millions):

 

Year ending December 31:

 

 

 

 

Remaining 2022

 

$

189.2

 

2023

 

 

234.8

 

2024

 

 

198.7

 

2025

 

 

123.8

 

2026

 

 

44.6

 

2027

 

 

21.4

 

Thereafter

 

 

16.2

 

Total

 

$

828.7