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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets:
The following is a summary of the change in goodwill from December 31, 2018 through March 31, 2019, both in total and as allocated to the Company’s operating segments:
 
Insurance
 
Energy and Specialized Markets
 
Financial Services
 
Total
Goodwill, net at December 31, 2018 (1)
$
833.8

 
$
2,054.7

 
$
473.0

 
$
3,361.5

Current period acquisitions
 

 
 
32.8

 
 

 
 
32.8

Purchase accounting reclassification
 
(0.1
)
 
 

 
 
(0.1
)
 
 
(0.2
)
Foreign currency translation
 
7.3

 
 
30.2

 
 
0.1

 
 
37.6

Goodwill, net at March 31, 2019 (1)
$
841.0

 
$
2,117.7

 
$
473.0

 
$
3,431.7

_______________
(1) 
These balances are net of accumulated impairment charges of $3.2 million that occurred prior to December 31, 2018.
Goodwill and intangible assets with indefinite lives are subject to impairment testing annually as of June 30, or whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. Goodwill impairment testing compares the carrying value of each reporting unit to its fair value. If the fair value of the reporting unit exceeds the carrying value of the net assets, including goodwill assigned to that reporting unit, goodwill is not impaired. If the carrying value of the reporting unit’s net assets including goodwill exceeds the fair value of the reporting unit, then the Company will determine the implied fair value of the reporting unit’s goodwill. If the carrying value of a reporting unit’s goodwill exceeds its implied fair value, then an impairment loss is recorded for the difference between the carrying amount and the implied fair value of goodwill. The Company completed the required annual impairment test as of June 30, 2018, and concluded that there was no impairment of goodwill. There were no triggering events for the three months ended March 31, 2019 that would impact the results of the impairment test performed as of June 30, 2018.
The Company’s intangible assets and related accumulated amortization consisted of the following: 
 
Weighted
Average
Useful Life
 
Cost
 
Accumulated
Amortization
 
Net
March 31, 2019
 
 
 
 
 
 
 
 
 
 
Technology-based
8 years
 
$
446.7

 
$
(266.4
)
 
$
180.3

Marketing-related
16 years
 
 
260.8

 
 
(82.2
)
 
 
178.6

Contract-based
6 years
 
 
5.0

 
 
(5.0
)
 
 

Customer-related
14 years
 
 
741.1

 
 
(238.9
)
 
 
502.2

Database-related
19 years
 
 
474.6

 
 
(86.7
)
 
 
387.9

Total intangible assets
 
 
$
1,928.2

 
$
(679.2
)
 
$
1,249.0

December 31, 2018
 
 
 
 
 
 
 
 
 
 
Technology-based
8 years
 
$
438.8

 
$
(255.5
)
 
$
183.3

Marketing-related
16 years
 
 
255.8

 
 
(77.2
)
 
 
178.6

Contract-based
6 years
 
 
5.0

 
 
(5.0
)
 
 

Customer-related
14 years
 
 
718.2

 
 
(223.9
)
 
 
494.3

Database-related
19 years
 
 
450.5

 
 
(78.9
)
 
 
371.6

Total intangible assets
 
 
$
1,868.3

 
$
(640.5
)
 
$
1,227.8


Amortization expense related to intangible assets for the three months ended March 31, 2019 and 2018 was $33.2 million. Estimated amortization expense for the remainder of 2019 and the years through 2023 and thereafter for intangible assets subject to amortization is as follows:
Year
Amount
2019
$
102.6

2020
 
134.6

2021
 
124.2

2022
 
112.6

2023
 
100.0

2024 and thereafter
 
675.0

 
$
1,249.0