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Goodwill and Other Intangibles

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

A summary of changes in the Company’s goodwill by reportable business segment is as follows (in thousands):


	December 31, 2021		Acquisitions		Acquisition Accounting Adjustments		Foreign Currency		March 31, 2022
Segment
North America	$	3,814,258	$	14,491	$	6,703	$	1,827	$	3,837,279
Brazil	546,148		—		—		93,315		639,463
International	718,572		—		—		(14,482)		704,090
	$	5,078,978	$	14,491	$	6,703	$	80,660	$	5,180,832

As of March 31, 2022 and December 31, 2021, other intangibles consisted of the following (in thousands):


		March 31, 2022						December 31, 2021
	Weighted- Avg Useful Lives (Years)	Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amount
Customer and vendor relationships	16.2	$	2,963,613	$	(1,236,300)	$	1,727,313	$	2,925,719	$	(1,167,218)	$	1,758,501
Trade names and trademarks—indefinite lived	N/A	479,333		—		479,333		466,327		—		466,327
Trade names and trademarks—other	7.1	12,163		(5,987)		6,176		12,093		(5,235)		6,858
Software	6.0	281,347		(207,212)		74,135		272,461		(198,628)		73,833
Non-compete agreements	4.3	81,576		(54,195)		27,381		78,145		(48,279)		29,866
Total other intangibles		$	3,818,032	$	(1,503,694)	$	2,314,338	$	3,754,745	$	(1,419,360)	$	2,335,385

Changes in foreign exchange rates resulted in a $31.1 million increase to the net carrying values of other intangibles in the three months ended March 31, 2022. Amortization expense related to intangible assets for the three months ended March 31, 2022 and 2021 was $54.9 million and $47.3 million, respectively.