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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2020
GOODWILL AND INTANGIBLE ASSETS, NET  
Summary of carrying values of indefinite life and definite life intangible assets

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​

​

​

​

​

​

​

​

    

December 31, 2020

    

December 31, 2019

Carrying amounts

 

​

  

 

​

  

Indefinite life

​

$

641.4

​

$

612.1

Definite life

​

 

2,452.0

​

 

2,235.9

​

​

$

3,093.4

​

$

2,848.0

Summary of changes in cost and amortization of goodwill and intangible assets

The following table presents the changes in cost and accumulated amortization of GFL’s goodwill and intangible assets:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

​

    

​

​

    

Trade name,

    

​

​

    

​

​

​

​

​

​

​

Customer lists 

​

C of A

​

​

​

​

​

​

​

​

​

​

​

and municipal

​

and other

​

Non-compete

​

​

​

​

​

Goodwill

​

contracts

​

 licenses

​

agreements

​

Total

Cost

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, December 31, 2018

​

$

4,979.3

​

$

2,337.6

​

$

580.0

​

$

150.7

​

$

8,047.6

Acquisitions via business combinations

​

 

257.4

​

 

131.8

​

 

117.3

​

 

40.3

​

 

546.8

Changes in foreign exchange

​

 

(128.3)

​

 

(43.3)

​

 

(1.7)

​

 

(3.2)

​

 

(176.5)

Goodwill adjustment

​

 

65.4

​

 

—

​

 

—

​

 

—

​

 

65.4

Balance, December 31, 2019

​

 

5,173.8

​

 

2,426.1

​

 

695.6

​

 

187.8

​

 

8,483.3

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, December 31, 2019

​

 

5,173.8

​

 

2,426.1

​

 

695.6

​

 

187.8

​

 

8,483.3

Acquisitions via business combinations

​

 

1,470.6

​

 

449.2

​

 

31.0

​

 

216.1

​

 

2,166.9

Changes in foreign exchange

​

 

(144.0)

​

 

(30.7)

​

 

(3.4)

​

 

(6.4)

​

 

(184.5)

Balance, December 31, 2020

​

 

6,500.4

​

 

2,844.6

​

 

723.2

​

 

397.5

​

 

10,465.7

Accumulated amortization

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

Balance, December 31, 2018

​

 

—

​

 

114.1

​

 

—

​

 

13.9

​

 

128.0

Amortization

​

 

—

​

 

295.0

​

 

4.8

​

 

34.3

​

 

334.1

Changes in foreign exchange

​

 

—

​

 

(0.5)

​

 

—

​

 

(0.1)

​

 

(0.6)

Balance, December 31, 2019

​

 

—

​

 

408.6

​

 

4.8

​

 

48.1

​

 

461.5

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, December 31, 2019

​

 

—

​

 

408.6

​

 

4.8

​

 

48.1

​

 

461.5

Amortization

​

 

—

​

 

341.6

​

 

8.9

​

 

76.5

​

 

427.0

Changes in foreign exchange

​

 

—

​

 

(12.2)

​

 

(0.8)

​

 

(3.6)

​

 

(16.6)

Balance, December 31, 2020

​

 

—

​

 

738.0

​

 

12.9

​

 

121.0

​

 

871.9

Carrying amounts

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

At December 31, 2019

​

$

5,173.8

​

$

2,017.5

​

$

690.8

​

$

139.7

​

$

8,021.8

At December 31, 2020

​

$

6,500.4

​

$

2,106.6

​

$

710.3

​

$

276.5

​

$

9,593.8