XML 41 R29.htm IDEA: XBRL DOCUMENT v3.23.1
Amortizable Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets

Amortizable intangible assets at March 31, 2023 and December 31, 2022 consisted of the following:

 

 

 

March 31, 2023

 

 

December 31, 2022

 

(in millions)

 

Gross
carrying
value

 

 

Accumulated
amortization

 

 

Net
carrying
value

 

 

Weighted
average
life
(years)
(1)

 

 

Gross
carrying
value

 

 

Accumulated
amortization

 

 

Net
carrying
value

 

 

Weighted
average
life
(years)
(1)

 

Purchased customer accounts and other

 

$

2,968.9

 

 

$

(1,404.2

)

 

$

1,564.7

 

 

 

14.8

 

 

$

2,957.7

 

 

$

(1,363.7

)

 

$

1,594.0

 

 

 

14.8

 

Non-compete agreements

 

 

39.3

 

 

 

(34.5

)

 

 

4.8

 

 

 

4.4

 

 

 

39.3

 

 

 

(34.0

)

 

 

5.3

 

 

 

4.4

 

Foreign currency translation adjustments during the year

 

 

13.2

 

 

 

(1.1

)

 

 

12.1

 

 

 

 

 

 

(4.5

)

 

 

0.4

 

 

 

(4.1

)

 

 

 

Total

 

$

3,021.4

 

 

$

(1,439.8

)

 

$

1,581.6

 

 

 

 

 

$

2,992.5

 

 

$

(1,397.3

)

 

$

1,595.2

 

 

 

 

 

(1)
Weighted average life calculated as of the date of acquisition.