Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

A summary of changes in the Company’s goodwill by reportable segment is as follows (in thousands):


	December 31, 2019		Acquisitions		Acquisition Accounting Adjustments		Foreign Currency		December 31, 2020
Segment
North America	$	3,369,173	$	24,984	$	(1,908)	$	8,523	$	3,400,772
Brazil	756,975		—		—		(171,114)		585,861
International	706,899		3,950		—		21,699		732,548
	$	4,833,047	$	28,934	$	(1,908)	$	(140,892)	$	4,719,181


	December 31, 2018		Acquisitions		Acquisition Accounting Adjustments		Foreign Currency		December 31, 2019
Segment
North America	$	3,087,875	$	268,866	$	2,914	$	9,518	$	3,369,173
Brazil	784,325		—		—		(27,350)		756,975
International	669,874		19,531		—		17,494		706,899
	$	4,542,074	$	288,397	$	2,914	$	(338)	$	4,833,047

At December 31, 2020 and 2019, approximately $793.8 million and $861.4 million of the Company’s goodwill is deductible for tax purposes, respectively. Acquisition accounting adjustments recorded in 2020 and 2019 are a result of the Company completing its acquisition accounting and working capital adjustments for certain prior year acquisitions.

Other intangible assets consisted of the following at December 31 (in thousands):


		2020						2019
	Weighted- Avg Useful Life (Years)	Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amount
Customer and vendor agreements	17.4	$	2,671,104	$	(1,105,702)	$	1,565,402	$	2,698,327	$	(943,537)	$	1,754,790
Trade names and trademarks—indefinite lived	N/A	475,376		—		475,376		496,306		—		496,306
Trade names and trademarks—other	11.6	7,041		(3,431)		3,610		5,384		(2,877)		2,507
Software	6.3	248,686		(194,187)		54,499		242,783		(180,839)		61,944
Non-compete agreements	4.1	65,804		(48,809)		16,995		65,560		(39,225)		26,335
Total other intangibles		$	3,468,011	$	(1,352,129)	$	2,115,882	$	3,508,360	$	(1,166,478)	$	2,341,882

Changes in foreign exchange rates resulted in $83.7 million and $2.0 million decreases to the carrying values of other intangible assets in the years ended December 31, 2020 and 2019, respectively. Amortization expense related to intangible assets for the years ended December 31, 2020, 2019 and 2018 was $184.2 million, $206.9 million and $216.3 million, respectively.

The future estimated amortization of intangibles at December 31, 2020 is as follows (in thousands):


2021	$	175,253
2022	163,351
2023	157,343
2024	151,390
2025	142,397
Thereafter	850,773