Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

The carrying value of goodwill by segment was as follows:

	Application Software		Network Software		Technology Enabled Products		Total
Balances at December 31, 2022	$	11,417.5	$	3,598.3	$	930.3	$	15,946.1
Goodwill acquired	1,189.6		—		—		1,189.6
Currency translation adjustments	15.2		26.3		0.5		42.0
Reclassifications and other	(58.9)		—		—		(58.9)
Balances at December 31, 2023	$	12,563.4	$	3,624.6	$	930.8	$	17,118.8
Goodwill acquired	2,167.6		87.8		—		2,255.4
Currency translation adjustments	(11.0)		(6.0)		(1.9)		(18.9)
Reclassifications and other	(42.4)		—		—		(42.4)
Balances at December 31, 2024	$	14,677.6	$	3,706.4	$	928.9	$	19,312.9

Reclassifications and other during the year ended December 31, 2024 relates to purchase accounting adjustments for acquisitions and is composed primarily of measurement period adjustments of $21.3, $13.7, and $11.3 to decrease goodwill and deferred tax liabilities in connection with the Procare, Transact, and Syntellis opening balance sheets, respectively.

Reclassifications and other during the year ended December 31, 2023 relates to purchase accounting adjustments for acquisitions and is composed primarily of measurement period adjustments of $56.2 to decrease goodwill and deferred tax liabilities in connection with the Frontline opening balance sheet.

Other intangible assets were comprised of:

	Cost		Accumulated amortization		Net book value
Assets subject to amortization:
Customer related intangibles	$	10,061.7	$	(3,000.5)	$	7,061.2
Unpatented technology	1,047.0		(638.8)		408.2
Software	149.2		(143.4)		5.8
Patents and other protective rights	10.3		(1.4)		8.9
Assets not subject to amortization:
Trade names	728.0		—		728.0
Balances at December 31, 2023	$	11,996.2	$	(3,784.1)	$	8,212.1
Assets subject to amortization:
Customer related intangibles	$	11,303.7	$	(3,457.0)	$	7,846.7
Unpatented technology	851.7		(454.7)		397.0
Patents and other protective rights	9.2		(1.9)		7.3
Assets not subject to amortization:
Trade names	808.6		—		808.6
Balances at December 31, 2024	$	12,973.2	$	(3,913.6)	$	9,059.6

Amortization expense of other intangible assets was $745.2, $698.4, and $600.5 during the years ended December 31, 2024, 2023, and 2022, respectively. Amortization expense is expected to be $762.0 in 2025, $728.0 in 2026, $694.0 in 2027, $654.0 in 2028, and $582.0 in 2029.