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Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Note 6: Goodwill and Other Intangible Assets
The following table summarizes the changes in the carrying amount of goodwill for the three months ended March 31, 2019 (in millions):
 
Americas
 
EMEA
 
APAC
 
Total
Balance as of December 31, 2018
$
1,254.4

 
$
266.1

 
$
258.0

 
$
1,778.5

Acquisitions
150.7

 

 
12.7

 
163.4

Effect of movements in exchange rates and other
1.4

 
1.6

 
2.0

 
5.0

Balance as of March 31, 2019
$
1,406.5

 
$
267.7

 
$
272.7

 
$
1,946.9


Portions of goodwill are denominated in currencies other than the U.S. dollar, therefore a portion of the movements in the reported book value of these balances is attributable to movements in foreign currency exchange rates.
There were no impairment charges of goodwill and other intangible assets for the three months ended March 31, 2019 and 2018, respectively.
The following tables summarize the carrying amounts and accumulated amortization of intangible assets (in millions):
 
 
 
As of March 31, 2019
 
Useful Life
(in years)
 
Gross Value
 
Accumulated Amortization
 
Net Value
C&W trade name
Indefinite
 
$
546.0

 
$

 
$
546.0

Customer relationships
1 – 15
 
1,323.9

 
(687.3
)
 
636.6

Other intangible assets
2 – 13
 
14.8

 
(4.3
)
 
10.5

Total intangible assets
 
 
$
1,884.7

 
$
(691.6
)
 
$
1,193.1

 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2018
 
Useful Life
(in years)
 
Gross Value
 
Accumulated Amortization
 
Net Value
C&W trade name
Indefinite
 
$
546.0

 
$

 
$
546.0

Customer relationships
1 – 15
 
1,199.7

 
(637.1
)
 
562.6

Other intangible assets
2 – 13
 
32.8

 
(13.2
)
 
19.6

Total intangible assets
 
 
$
1,778.5

 
$
(650.3
)
 
$
1,128.2


Amortization expense was $47.3 million and $46.5 million for the three months ended March 31, 2019 and 2018, respectively.