Goodwill and Other Intangible Assets, Net

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

A summary of the activity and balances in goodwill accounts by reporting segment follows:

	Balance as of December 31, 2021		Acquisitions		Divestitures		Adjustments to Acquisitions		Balance as of September 30, 2022
Group 1	$	6,549.7	$	58.6	$	—	$	(2.5)	$	6,605.8
Group 2	5,994.2		200.7		(3.2)		5.7		6,197.4
Group 3	282.1		1,133.3		—		(24.3)		1,391.1
Total	$	12,826.0	$	1,392.6	$	(3.2)	$	(21.1)	$	14,194.3

Goodwill by reportable segment as of December 31, 2021 and September 30, 2022 reflects the presentation of Group 3 as a reportable segment. Prior to the third quarter of 2022, Group 3 was aggregated with Corporate entities and other.

Adjustments to acquisitions during the nine months ended September 30, 2022 primarily related to changes in our valuation of tangible and intangible assets as well as certain landfill leases and environmental liabilities assumed as a result of obtaining new information regarding the acquisitions that closed in 2021.

Other Intangible Assets, Net

Other intangible assets, net, include values assigned to customer relationships, non-compete agreements and trade names, and are amortized over periods ranging from 1 to 15 years. A summary of the activity and balances by intangible asset type follows:

	Gross Intangible Assets								Accumulated Amortization
	Balance as of December 31, 2021		Acquisitions		Adjustments and Other		Balance as of September 30, 2022		Balance as of December 31, 2021		Additions Charged to Expense		Adjustments and Other		Balance as of September 30, 2022		Other Intangible Assets, Net as of September 30, 2022
Customer relationships	$	898.4	$	153.5	$	5.9	$	1,057.8	$	(666.8)	$	(30.6)	$	—	$	(697.4)	$	360.4
Non-compete agreements	60.4		5.9		(0.2)		66.1		(44.6)		(4.6)		—		(49.2)		16.9
Other intangible assets	58.0		10.2		3.1		71.3		(45.9)		(3.4)		—		(49.3)		22.0
Total	$	1,016.8	$	169.6	$	8.8	$	1,195.2	$	(757.3)	$	(38.6)	$	—	$	(795.9)	$	399.3