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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Goodwill

The following table summarizes changes in goodwill (in millions):

Balance at December 31, 2019

 

$

7,959.9

 

2020 acquisitions

 

 

60.4

 

Adjustments to prior acquisitions

 

 

11.6

 

Effect of foreign currency translation

 

 

46.8

 

Balance at December 31, 2020

 

$

8,078.7

 

Adjustments to prior acquisitions

 

 

(0.3

)

Effect of foreign currency translation

 

 

(32.9

)

Balance at December 31, 2021

 

$

8,045.5

 

Summary of the Components of Intangible Assets

A summary of the components of intangible assets is as follows (in millions):

 

 

December 31,

 

 

 

2021

 

 

2020

 

Customer relationships

 

$

4,490.0

 

 

$

4,728.7

 

Completed technology

 

 

1,381.6

 

 

 

1,438.1

 

Trade names

 

 

241.6

 

 

 

262.0

 

Other

 

 

43.0

 

 

 

45.8

 

Total intangible assets

 

 

6,156.2

 

 

 

6,474.6

 

Less: accumulated amortization

 

 

(2,749.0

)

 

 

(2,572.9

)

Total intangible assets, net

 

$

3,407.2

 

 

$

3,901.7

 

Schedule of Estimated Amortization Expense, Related to Intangible Assets

Total estimated amortization expense, related to intangible assets, for each of the next five years and thereafter, as of December 31, 2021, is expected to approximate (in millions):

Year Ending December 31,

 

 

 

2022

 

$

492.1

 

2023

 

 

458.0

 

2024

 

 

432.1

 

2025

 

 

394.8

 

2026

 

 

362.2

 

Thereafter

 

 

1,268.0

 

Total

 

$

3,407.2