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Goodwill and Intangible Assets, Net (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Net Carrying Amount of Goodwill

The changes in the net carrying amount of goodwill are as follows (in millions):

 

 

Employer

 

 

Professional

 

 

 

 

 

 

 

Solutions

 

 

Services

 

 

Total

 

Balance as of December 31, 2021

 

$

 

3,564

 

 

 

 

74

 

 

 

 

3,638

 

Measurement period adjustments

 

 

 

(7

)

 

 

 

 

 

 

 

(7

)

Foreign currency translation

 

 

 

(6

)

 

 

 

(1

)

 

 

 

(7

)

Balance as of September 30, 2022

 

$

 

3,551

 

 

 

 

73

 

 

 

 

3,624

 

Schedule of Intangible Assets by Asset Class

Intangible assets by asset class are as follows (in millions):

 

 

September 30, 2022

 

 

December 31, 2021

 

 

 

Gross

 

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

 

Net

 

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related and contract based
   intangibles

 

$

 

3,655

 

 

 

 

303

 

 

 

 

3,352

 

 

$

 

3,662

 

 

$

 

119

 

 

$

 

3,543

 

Technology related intangibles

 

 

 

254

 

 

 

 

52

 

 

 

 

202

 

 

 

 

254

 

 

 

 

20

 

 

 

 

234

 

Trade name (finite life)

 

 

 

407

 

 

 

 

35

 

 

 

 

372

 

 

 

 

407

 

 

 

 

14

 

 

 

 

393

 

Total

 

$

 

4,316

 

 

 

 

390

 

 

 

 

3,926

 

 

$

 

4,323

 

 

$

 

153

 

 

$

 

4,170

 

Schedule of Intangible Asset Net Carrying Amount and Weighted Average Remaining Useful Lives

The following table reflects intangible assets net carrying amount and weighted-average remaining useful lives as of September 30, 2022 (in millions, except for years):

 

 

Net

 

 

Weighted-Average

 

 

 

Carrying

 

 

Remaining

 

 

 

Amount

 

 

Useful Lives

 

Intangible assets at September 30, 2022:

 

 

 

 

 

 

 

 

Customer-related and contract-based
   intangibles

 

$

 

3,352

 

 

 

 

13.7

 

Technology-related intangibles

 

 

 

202

 

 

 

 

4.7

 

Trade name (finite life)

 

 

 

372

 

 

 

 

13.6

 

Total

 

$

 

3,926

 

 

 

 

 

Schedule of Intangible Assets Expected Annual Amortization Expense

Subsequent to September 30, 2022, the annual amortization expense is expected to be as follows (in millions):

 

 

Customer-Related

 

 

Technology

 

 

Trade

 

 

 

and Contract Based

 

 

Related

 

 

Name

 

 

 

Intangibles

 

 

Intangibles

 

 

Intangible

 

2022 (October - December)

 

$

 

61

 

 

$

 

11

 

 

$

 

7

 

2023

 

 

 

245

 

 

 

 

43

 

 

 

 

28

 

2024

 

 

 

245

 

 

 

 

43

 

 

 

 

28

 

2025

 

 

 

245

 

 

 

 

43

 

 

 

 

28

 

2026

 

 

 

245

 

 

 

 

42

 

 

 

 

27

 

Thereafter

 

 

 

2,311

 

 

 

 

20

 

 

 

 

254

 

Total amortization expense

 

$

 

3,352

 

 

$

 

202

 

 

$

 

372