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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2023
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 December 31, 2021$4,648.4 $990.1 $612.2 $3,230.4 $888.6 $2,978.4 $2.0 $13,350.1 
Adjustments (1)— — — 3.6 (16.9)(58.4)— (71.7)
Other (2)(7.4)— — — — — — (7.4)
Effect of foreign currency translation(3.5)(100.9)(63.7)(190.0)43.8 — — (314.3)
Balance as of December 31, 2022$4,637.5 $889.2 $548.5 $3,044.0 $915.5 $2,920.0 $2.0 $12,956.7 
Other (3)— — — — (20.7)— — (20.7)
Impairments (4)— (322.0)— (80.0)— — — (402.0)
Effect of foreign currency translation1.1 (4.5)(50.8)87.9 71.3 — — 105.0 
Balance as of December 31, 2023$4,638.6 $562.7 $497.7 $3,051.9 $966.1 $2,920.0 $2.0 $12,639.0 
_______________
(1)    Europe and Latin America consist of measurement period adjustments related to the Telxius Acquisition (as defined in note 6) . Data Centers consists of measurement period adjustments related to the CoreSite Acquisition (as defined in note 6).
(2)    Other represents the goodwill associated with certain operations acquired in connection with the acquisition of InSite Wireless Group, LLC (the “InSite Acquisition”). These business operations were sold during the year ended December 31, 2022.
(3)    Other represents the goodwill associated with Mexico Fiber, which was sold during the year ended December 31, 2023.
(4)    Includes $322.0 million and $80.0 million of goodwill impairments associated with the India and Spain reporting units, respectively.
Schedule of Other Intangible Assets Subject to Amortization
The Company’s other intangible assets subject to amortization consisted of the following:
  As of December 31, 2023As of December 31, 2022
 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
$5,981.5 $(2,775.8)$3,205.7 $6,058.2 $(2,537.9)$3,520.3 
Acquired tenant-related intangibles
Up to 20
18,894.5 (6,698.6)12,195.9 18,941.2 (5,827.7)13,113.5 
Acquired licenses and other intangibles
2-20
1,561.1 (442.0)1,119.1 1,772.9 (423.4)1,349.5 
Total other intangible assets$26,437.1 $(9,916.4)$16,520.7 $26,772.3 $(8,789.0)$17,983.3 
_______________
(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 next five years:
Fiscal YearAmount
2024$1,334.1 
20251,275.1 
20261,231.7 
20271,216.2 
20281,204.9