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Goodwill and Intangibles (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes In Carrying Amounts of Goodwill By Reportable Segments

 

 

 

Safety
Services

 

 

Specialty
Services

 

 

Total
Goodwill

 

Goodwill as of December 31, 2020

 

$

906

 

 

$

176

 

 

$

1,082

 

Acquisitions

 

 

42

 

 

 

5

 

 

 

47

 

Measurement period adjustments and other (1)

 

 

(23

)

 

 

 

 

 

(23

)

Goodwill as of December 31, 2021

 

 

925

 

 

 

181

 

 

 

1,106

 

Acquisitions

 

 

1,372

 

 

 

 

 

 

1,372

 

Foreign currency translation and other, net (2)

 

 

(96

)

 

 

 

 

 

(96

)

Goodwill as of December 31, 2022

 

$

2,201

 

 

$

181

 

 

$

2,382

 

(1)
Measurement period adjustments related to the finalization of purchase accounting for material and immaterial acquisitions in 2021 (see Note 4 - "Business Combinations"). Other includes fluctuations due to foreign currency translation.
(2)
Other includes measurement period adjustments recorded during the year ended December 31, 2022 related to acquisitions for which the measurement period ended during the year ended December 31, 2022 (see Note 4 - "Business Combinations").
Summary of Identifiable Intangible Assets

The Company's identifiable intangible assets are comprised of the following as of December 31, 2022 and 2021:

 

 

 

December 31, 2022

 

 

 

Weighted Average Remaining Useful Lives
(in Years)

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Amortized intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

Contractual backlog

 

 

0.9

 

 

$

153

 

 

$

(126

)

 

$

27

 

Customer relationships

 

 

10.0

 

 

 

1,508

 

 

 

(367

)

 

 

1,141

 

Trade names and trademarks

 

 

13.2

 

 

 

704

 

 

 

(88

)

 

 

616

 

Total

 

 

 

 

$

2,365

 

 

$

(581

)

 

$

1,784

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

Weighted Average Remaining Useful Lives
(in Years)

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Amortized intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

Contractual backlog

 

 

0.8

 

 

$

101

 

 

$

(97

)

 

$

4

 

Customer relationships

 

 

6.4

 

 

 

859

 

 

 

(221

)

 

 

638

 

Trade names and trademarks

 

 

12.7

 

 

 

280

 

 

 

(40

)

 

 

240

 

Total

 

 

 

 

$

1,240

 

 

$

(358

)

 

$

882

 

Schedule of Aggregate Amortization Expense of the Intangible

Approximate annual aggregate amortization expense of the intangible assets for the five years subsequent to December 31, 2022, is as follows:

 

Years ending December 31:

 

 

 

2023

 

$

221

 

2024

 

 

195

 

2025

 

 

195

 

2026

 

 

195

 

2027

 

 

171

 

Thereafter

 

 

807

 

Total

 

$

1,784

 

Summary of Amortization Expense Recognized on Intangible Assets

Amortization expense recognized on identifiable intangible assets are as follows:

 

 

 

Year Ended
December 31,

 

 

Year Ended
December 31,

 

 

Year Ended
December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Cost of revenues

 

$

30

 

 

$

5

 

 

$

69

 

Selling, general, and administrative expenses

 

 

197

 

 

 

122

 

 

 

113

 

Total intangible asset amortization expense

 

$

227

 

 

$

127

 

 

$

182