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Goodwill and Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 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

 

Acquisitions(1)

 

 

 

44

 

 

 

 

 

 

 

 

44

 

Foreign currency translation

 

 

 

(2

)

 

 

 

(1

)

 

 

 

(3

)

Balance as of December 31, 2022

 

$

 

3,606

 

 

 

 

73

 

 

 

 

3,679

 

 

(1) Amounts relate to the 2022 Acquisition and measurement period adjustments related to prior year acquisitions. See Note 4 "Acquisitions" for more information.

Schedule of Intangible Assets by Asset Class

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

 

 

 

December 31, 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

 

$

 

3,670

 

 

$

 

364

 

 

$

 

3,306

 

 

$

 

3,662

 

 

$

 

119

 

 

$

 

3,543

 

Technology related intangibles

 

 

 

263

 

 

 

 

63

 

 

 

 

200

 

 

 

 

254

 

 

 

 

20

 

 

 

 

234

 

Trade name (finite life)

 

 

 

408

 

 

 

 

42

 

 

 

 

366

 

 

 

 

407

 

 

 

 

14

 

 

 

 

393

 

Total

 

$

 

4,341

 

 

$

 

469

 

 

$

 

3,872

 

 

$

 

4,323

 

 

$

 

153

 

 

$

 

4,170

 

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

The following table reflects intangible asset net carrying amount and weighted average remaining useful lives as of December 31, 2022 (in millions, except for years):

 

 

Net

 

 

Weighted-Average

 

 

 

Carrying

 

 

Remaining

 

 

 

Amount

 

 

Useful Lives

 

Intangible assets at December 31, 2022:

 

 

 

 

 

 

 

 

Customer-related and contract-based
   intangibles

 

$

 

3,306

 

 

 

 

13.5

 

Technology-related intangibles

 

 

 

200

 

 

 

 

4.5

 

Trade name (finite life)

 

 

 

366

 

 

 

 

13.3

 

Total

 

$

 

3,872

 

 

 

 

 

Schedule of Intangible Assets Expected Annual Amortization Expense

Subsequent to December 31, 2022, the annual amortization expense is expected to be as follows (in millions):

 

 

 

Customer-Related

 

 

Technology

 

 

Trade

 

 

 

and Contract Based

 

 

Related

 

 

Name

 

 

 

Intangibles

 

 

Intangibles

 

 

Intangibles

 

2023

 

$

 

246

 

 

$

 

45

 

 

$

 

29

 

2024

 

 

 

246

 

 

 

 

45

 

 

 

 

29

 

2025

 

 

 

246

 

 

 

 

45

 

 

 

 

28

 

2026

 

 

 

246

 

 

 

 

44

 

 

 

 

27

 

2027

 

 

 

246

 

 

 

 

21

 

 

 

 

27

 

Thereafter

 

 

 

2,076

 

 

 

 

 

 

 

 

226

 

Total amortization expense

 

$

 

3,306

 

 

$

 

200

 

 

$

 

366