XML 39 R28.htm IDEA: XBRL DOCUMENT v3.23.1
Goodwill and Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2023
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, 2022

 

$

 

3,606

 

 

 

 

73

 

 

 

 

3,679

 

Foreign currency translation

 

 

 

1

 

 

 

 

 

 

 

 

1

 

Balance as of March 31, 2023

 

$

 

3,607

 

 

 

 

73

 

 

 

 

3,680

 

Schedule of Intangible Assets by Asset Class

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

 

 

March 31, 2023

 

 

December 31, 2022

 

 

 

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

 

 

$

 

426

 

 

$

 

3,244

 

 

$

 

3,670

 

 

$

 

364

 

 

$

 

3,306

 

Technology related intangibles

 

 

 

263

 

 

 

 

74

 

 

 

 

189

 

 

 

 

263

 

 

 

 

63

 

 

 

 

200

 

Trade name (finite life)

 

 

 

409

 

 

 

 

49

 

 

 

 

360

 

 

 

 

408

 

 

 

 

42

 

 

 

 

366

 

Total

 

$

 

4,342

 

 

$

 

549

 

 

$

 

3,793

 

 

$

 

4,341

 

 

$

 

469

 

 

$

 

3,872

 

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 March 31, 2023 (in millions, except for years):

 

 

Net

 

 

Weighted-Average

 

 

 

Carrying

 

 

Remaining

 

 

 

Amount

 

 

Useful Lives

 

Intangible assets at March 31, 2023:

 

 

 

 

 

 

Customer-related and contract-based
   intangibles

 

$

 

3,244

 

 

 

 

13.2

 

Technology-related intangibles

 

 

 

189

 

 

 

 

4.2

 

Trade name (finite life)

 

 

 

360

 

 

 

 

13.1

 

Total

 

$

 

3,793

 

 

 

 

 

Schedule of Intangible Assets Expected Annual Amortization Expense

Subsequent to March 31, 2023, 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 (April - December)

 

$

 

184

 

 

 $

 

34

 

 

 $

 

22

 

2024

 

 

 

246

 

 

 

45

 

 

 

 

29

 

2025

 

 

 

246

 

 

 

45

 

 

 

 

28

 

2026

 

 

 

246

 

 

 

 

44

 

 

 

 

27

 

2027

 

 

 

246

 

 

 

 

21

 

 

 

 

27

 

Thereafter

 

 

 

2,076

 

 

 

 

 

 

 

227

 

Total amortization expense

 

$

 

3,244

 

 

 $

 

189

 

 

 $

 

360