Goodwill and Other Intangibles

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

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


	December 31, 2021		Acquisitions		Acquisition Accounting Adjustments		Foreign Currency		September 30, 2022






Goodwill	$	5,078,978	$	104,377	$	8,849	$	(123,250)	$	5,068,954

As of September 30, 2022 and December 31, 2021, other intangibles consisted of the following (in thousands):


		September 30, 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	16.5	$	2,886,386	$	(1,264,559)	$	1,621,827	$	2,925,719	$	(1,167,218)	$	1,758,501
Trade names and trademarks—indefinite lived	N/A	456,239		—		456,239		466,327		—		466,327
Trade names and trademarks—other	6.8	11,644		(7,214)		4,430		12,093		(5,235)		6,858
Software	5.9	273,822		(210,644)		63,178		272,461		(198,628)		73,833
Non-compete agreements	4.3	79,543		(55,985)		23,558		78,145		(48,279)		29,866
Total other intangibles		$	3,707,634	$	(1,538,402)	$	2,169,232	$	3,754,745	$	(1,419,360)	$	2,335,385

Changes in foreign exchange rates resulted in a $45.8 million decrease to the net carrying values of other intangibles in the nine months ended September 30, 2022. Amortization expense related to intangible assets for the nine months ended September 30, 2022 and 2021 was $163.1 million and $151.2 million, respectively.