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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets
A summary of changes in the Company’s goodwill by reportable segment is as follows (in thousands):
 
 
December 31, 2017
 
Acquisitions
 
Acquisition Accounting
Adjustments
 
Foreign
Currency
 
December 31, 2018
Segment
 
 
 
 
 
 
 
 
 
 
North America
 
$
3,084,123

 
$
16,184

 
$
4,036

 
$
(16,468
)
 
$
3,087,875

International
 
1,631,700

 

 
20

 
(177,521
)
 
1,454,199

 
 
$
4,715,823


$
16,184


$
4,056

 
$
(193,989
)
 
$
4,542,074

 
 
 
December 31, 2016
 
Acquisitions
 
Dispositions
 
Acquisition Accounting Adjustments
 
Foreign
Currency
 
December 31, 2017
Segment
 
 
 
 
 
 
 
 
 
 
 
 
North America
 
$
2,640,409

 
$
534,777

 
$
(92,046
)
 
$

 
$
983

 
$
3,084,123

International
 
1,554,741

 
21,325

 

 
3,752

 
51,882

 
1,631,700

 
 
$
4,195,150


$
556,102


$
(92,046
)

$
3,752

 
$
52,865


$
4,715,823

At December 31, 2018 and 2017, approximately $882.3 million and $988.0 million of the Company’s goodwill is deductible for tax purposes, respectively. Acquisition accounting adjustments recorded in 2018 and 2017 are a result of the Company completing its acquisition accounting and working capital adjustments for certain prior year acquisitions.
Other intangible assets consisted of the following at December 31 (in thousands):
 
 
 
 
 
2018
 
2017
 
 
Weighted-
Avg Useful
Life
(Years)
 
Gross
Carrying
Amounts
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amounts
 
Accumulated
Amortization
 
Net
Carrying
Amount
Customer and vendor agreements
 
17.1
 
$
2,625,270

 
$
(776,383
)
 
$
1,848,887

 
$
2,698,428

 
$
(605,347
)
 
$
2,093,081

Trade names and trademarks—indefinite lived
 
N/A
 
479,555

 

 
479,555

 
499,587

 

 
499,587

Trade names and trademarks—other
 
13.8
 
2,957

 
(2,501
)
 
456

 
2,986

 
(2,207
)
 
779

Software
 
6.0
 
212,733

 
(152,416
)
 
60,317

 
219,019

 
(116,654
)
 
102,365

Non-compete agreements
 
4.2
 
47,009

 
(28,314
)
 
18,695

 
48,221

 
(19,076
)
 
29,145

Total other intangibles
 
 
 
$
3,367,524


$
(959,614
)

$
2,407,910


$
3,468,241


$
(743,284
)

$
2,724,957

Changes in foreign exchange rates resulted in a $117.4 million decrease to the carrying values of other intangible assets in the year ended December 31, 2018. Changes in foreign exchange rates resulted in a $24.2 million increase to the carrying values of other intangible assets in the year ended December 31, 2017. Amortization expense related to intangible assets for the years ended December 31, 2018, 2017 and 2016 was $216.3 million, $211.8 million and $161.6 million, respectively.
The future estimated amortization of intangibles at December 31, 2018 is as follows (in thousands):
 
2019
 
$
198,491

2020
 
179,005

2021
 
173,111

2022
 
160,403

2023
 
154,375

Thereafter
 
1,062,970