GOODWILL (Notes)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure

Goodwill

The following table sets forth the changes in the carrying value of goodwill:

	Nine Months Ended
	September 30, 2022
	EES		CSS		UBS		Total
	(In thousands)
Beginning balance, January 1	$	860,958	$	1,121,712	$	1,225,663	$	3,208,333
Foreign currency exchange rate changes	(44,301)		(14,449)		(26,153)		(84,903)
Ending balance, September 30	$	816,657	$	1,107,263	$	1,199,510	$	3,123,430

Intangible Assets

The components of intangible assets are as follows:

		As of
		September 30, 2022						December 31, 2021
	Life (in years)	Gross Carrying Amount (1)		Accumulated Amortization (1)		Net Carrying Amount		Gross Carrying Amount (1)		Accumulated Amortization (1)		Net Carrying Amount
Intangible assets:		(In thousands)
Trademarks	Indefinite	$	791,228	$	—	$	791,228	$	795,065	$	—	$	795,065
Customer relationships	10 - 20	1,400,841		(352,638)		1,048,203		1,431,251		(308,180)		1,123,071
Distribution agreements	15 - 19	29,212		(23,936)		5,276		29,212		(22,714)		6,498
Trademarks	5 - 12	15,543		(6,799)		8,744		38,758		(20,058)		18,700
Non-compete agreements	2	—		—		—		4,300		(3,493)		807
		$	2,236,824	$	(383,373)	$	1,853,451	$	2,298,586	$	(354,445)	$	1,944,141

(1)    Excludes the original cost and related accumulated amortization of fully-amortized intangible assets.

Amortization expense related to intangible assets totaled $21.0 million and $37.1 million for the three months ended September 30, 2022 and 2021, respectively, and $71.4 million and $85.8 million for the nine months ended September 30, 2022 and 2021, respectively.

The following table sets forth the remaining estimated amortization expense for intangible assets for the next five years and thereafter:

For the year ending December 31,	(In thousands)
2022	$	20,467
2023	81,838
2024	79,445
2025	76,389
2026	71,073
Thereafter	733,011