GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]


NOTE 4 – GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

Changes in the carrying amount of goodwill by reportable segment were as follows:


In millions
	North America		International		Total
Balance as of December 31, 2020	$	2,448.8	$	370.5	$	2,819.3
Divestiture	—		(6.0)		(6.0)
Changes due to foreign currency fluctuations	—		(14.0)		(14.0)
Balance as of September 30, 2021	$	2,448.8	$	350.5	$	2,799.3

Intangible Assets

Intangible assets were as follows:


In millions
	September 30, 2021						December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Value		Gross Carrying Amount		Accumulated Amortization		Net Value
Amortizable intangibles:
Customer relationships	$	1,293.8	$	704.1	$	589.7	$	1,314.9	$	630.2	$	684.7
Covenants not-to-compete	3.5		3.2		0.3		3.5		3.0		0.5
Tradenames	3.6		1.3		2.3		3.6		1.3		2.3
Operating permits	13.4		9.6		3.8		11.5		6.5		5.0
Other	0.6		0.6		—		0.6		0.6		—
Indefinite lived intangibles:
Operating permits	75.6		—		75.6		79.6		—		79.6
Tradenames	314.4		—		314.4		315.3		—		315.3
Total	$	1,704.9	$	718.8	$	986.1	$	1,729.0	$	641.6	$	1,087.4

Changes in the carrying amount of intangible assets were as follows:


In millions
	Total
Balance as of December 31, 2020	$	1,087.4

Divestiture	(5.9)
Amortization during the period	(89.1)
Changes due to foreign currency fluctuations	(6.3)
Balance as of September 30, 2021	$	986.1

The estimated amortization expense for each of the next five years (based upon exchange rates at September 30, 2021) is as follows for the years ending December 31:


In millions
2021 (remainder)	$	39.2
2022	115.8
2023	111.9
2024	110.6
2025	90.2