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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill

Goodwill and changes therein were as follows:

 

 

 

(Dollars in millions)

 

Balance at December 31, 2020

 

$

2,031.8

 

Acquisitions

 

 

308.2

 

Translation

 

 

(16.4

)

Balance at December 31, 2021

 

 

2,323.6

 

Acquisition (a)

 

 

0.5

 

Translation

 

 

(21.9

)

Balance at June 30, 2022

 

$

2,302.2

 

 

a)
The purchase accounting was finalized for the ADAM HCM acquisition during the reporting period. Refer to Note 3, "Business Combinations" to our condensed consolidated financial statements for additional information.
Schedule of Intangible Assets

Intangible assets consisted of the following:

 

 

 

June 30, 2022

 

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net

 

 

Estimated Life
Range (Years)

 

 

(Dollars in millions)

 

 

 

Customer lists and relationships

 

$

303.2

 

 

$

(224.1

)

 

$

79.1

 

 

4-12

Trade name

 

 

183.7

 

 

 

(5.6

)

 

 

178.1

 

 

3-5 and Indefinite

Technology

 

 

230.4

 

 

 

(175.1

)

 

 

55.3

 

 

3-5

Total other intangible assets

 

$

717.3

 

 

$

(404.8

)

 

$

312.5

 

 

 

 

 

 

December 31, 2021

 

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net

 

 

Estimated Life
Range (Years)

 

 

(Dollars in millions)

 

 

 

Customer lists and relationships

 

$

308.4

 

 

$

(220.4

)

 

$

88.0

 

 

4-12

Trade name

 

 

184.4

 

 

 

(3.2

)

 

 

181.2

 

 

3-5 and Indefinite

Technology

 

 

233.9

 

 

 

(170.6

)

 

 

63.3

 

 

3-5

Total other intangible assets

 

$

726.7

 

 

$

(394.2

)

 

$

332.5