Long-lived Assets

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

The details of our property and equipment and the related accumulated depreciation are set forth below:


	March 31, 2023		December 31, 2022
	in millions

Distribution systems	$	9,428.5	$	9,134.3
Support equipment, buildings and land	4,196.5		4,067.2
Customer premises equipment	1,304.6		1,338.1
Total property and equipment, gross	14,929.6		14,539.6
Accumulated depreciation	(8,252.7)		(8,035.1)
Total property and equipment, net	$	6,676.9	$	6,504.5

During the three months ended March 31, 2023 and 2022, we recorded non-cash increases to our property and equipment related to vendor financing arrangements of $42.3 million and $66.7 million, respectively, which exclude related value-added taxes (VAT) of $6.7 million and $6.6 million, respectively, that were also financed under these arrangements.

Goodwill

Changes in the carrying amount of our goodwill during the three months ended March 31, 2023 are set forth below:


	January 1, 2023		Acquisitions and related adjustments		Foreign currency translation adjustments and other		March 31, 2023
	in millions

Switzerland	$	6,515.1	$	8.6	$	57.7	$	6,581.4
Belgium	2,480.2		8.5		36.9		2,525.6
Ireland	259.5		—		3.9		263.4
Central and Other	61.3		—		0.8		62.1

Total	$	9,316.1	$	17.1	$	99.3	$	9,432.5

If, among other factors, (i) our equity values were to decline or (ii) the adverse impacts of economic, competitive, regulatory or other factors were to cause our results of operations or cash flows to be worse than anticipated, we could conclude in future periods that impairment charges are required in order to reduce the carrying values of our goodwill and, to a lesser extent, other long-lived assets. Any such impairment charges could be significant.

Intangible Assets Subject to Amortization, Net

The details of our intangible assets subject to amortization are set forth below:


	March 31, 2023						December 31, 2022
	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
	in millions

Customer relationships	$	2,319.4	$	(1,030.3)	$	1,289.1	$	2,289.9	$	(932.2)	$	1,357.7
Other	1,487.1		(512.0)		975.1		1,467.2		(482.5)		984.7
Total	$	3,806.5	$	(1,542.3)	$	2,264.2	$	3,757.1	$	(1,414.7)	$	2,342.4