XML 40 R31.htm IDEA: XBRL DOCUMENT v3.22.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Value of Goodwill
The changes in the carrying value of goodwill for each of the Company’s business segments were as follows:
 PropertyServicesTotal
 U.S. & CanadaAsia-PacificAfricaEuropeLatin AmericaData Centers
Balance as of January 1, 2022$4,648.4 $990.1 $612.2 $3,230.4 $888.6 $2,978.4 $2.0 $13,350.1 
Adjustments (1)— — — 11.7 4.3 (60.3)— (44.3)
Other (2)(7.4)— — — — — — (7.4)
Effect of foreign currency translation(0.8)(58.3)(44.3)(254.3)28.8 — — (328.9)
Balance as of June 30, 2022$4,640.2 $931.8 $567.9 $2,987.8 $921.7 $2,918.1 $2.0 $12,969.5 
_______________
(1)Europe and Latin America consist of measurement period adjustments related to the Telxius Acquisition. Data Centers consists of measurement period adjustments related to the CoreSite Acquisition.
(2)Other represents the goodwill associated with certain operations acquired in connection with the Company’s acquisition of InSite Wireless Group, LLC. These business operations were sold during the six months ended June 30, 2022.
Schedule of Other Intangible Assets Subject to Amortization
The Company’s other intangible assets subject to amortization consisted of the following:
  As of June 30, 2022As of December 31, 2021
 Estimated Useful
Lives (years)
Gross
Carrying
Value
Accumulated
Amortization
Net Book
Value
Gross
Carrying
Value
Accumulated
Amortization
Net Book
Value
Acquired network location intangibles (1)
Up to 20
$6,172.4 $(2,439.0)$3,733.4 $6,294.6 $(2,305.1)$3,989.5 
Acquired tenant-related intangibles
Up to 20
19,572.1 (5,526.0)14,046.1 20,030.5 (5,051.5)14,979.0 
Acquired licenses and other intangibles
2-20
1,735.2 (289.1)1,446.1 1,807.9 (49.2)1,758.7 
Total other intangible assets$27,479.7 $(8,254.1)$19,225.6 $28,133.0 $(7,405.8)$20,727.2 
_______________
(1)Acquired network location intangibles are amortized over the shorter of the term of the corresponding ground lease, taking into consideration lease renewal options and residual value, generally up to 20 years, as the Company considers these intangibles to be directly related to the tower assets.
Schedule of Expected Future Amortization Expenses Based on current exchange rates, the Company expects to record amortization expense as follows over the remaining current year and the five subsequent years:
Fiscal YearAmount
Remainder of 2022$893.5 
20231,612.2 
20241,383.4 
20251,352.7 
20261,317.5 
20271,314.9