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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Goodwill by Reportable Business Segment A summary of changes in the Company’s goodwill by reportable segment is as follows (in thousands):
December 31,
2023
Acquisitions1
Dispositions2
Impairments3
Acquisition
Accounting
Adjustments
Foreign
Currency
December 31,
2024
Segment
Vehicle Payments
$2,803,990
$73,217
$—
$—
$—
$(192,932)
$2,684,275
Corporate Payments
2,074,736
637,332
(58,220)
—
1,058
(25,772)
2,629,134
Lodging Payments
416,952
—
—
—
—
(3,514)
413,438
Other
349,280
—
—
(90,000)
—
(1,460)
257,820
$5,644,958
$710,549
$(58,220)
$(90,000)
$1,058
$(223,678)
$5,984,667
1 Reflects the recognition of preliminary goodwill related to acquisitions completed by the Company during the year ended
December 31, 2024.
2 Reflects goodwill derecognized in connection with the disposition of the Company's merchant solutions business in the U.S.
See Note 19 for further information.
3 Represents the partial impairment of the goodwill within the Company's Payroll Card reporting unit during the year ended
December 31, 2024. See Note 2 for further information.
December 31,
2022
Acquisitions
Dispositions
Impairments
Acquisition
Accounting
Adjustments
Foreign
Currency
December 31,
2023
Segment
Vehicle Payments
$2,530,391
$233,240
$(40,857)
$—
$4,389
$76,827
$2,803,990
Corporate Payments
1,906,070
149,553
—
—
(105)
19,218
2,074,736
Lodging Payments
416,044
—
—
—
(764)
1,672
416,952
Other
348,930
—
—
—
—
350
349,280
$5,201,435
$382,793
$(40,857)
$—
$3,520
$98,067
$5,644,958
Schedule of Other Intangible Assets Other intangible assets consisted of the following at December 31 (in thousands):
 
 
2024
2023
 
Weighted-
Avg Useful
Life
(Years)1
Gross
Carrying
Amounts
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amounts
Accumulated
Amortization
Net
Carrying
Amount
Customer and vendor
relationships
16.8
$3,476,642
$(1,624,079)
$1,852,563
$3,044,522
$(1,511,173)
$1,533,349
Trade names and
trademarks—indefinite
lived
N/A
410,391
—
410,391
440,900
—
440,900
Trade names and
trademarks—other
7.8
66,047
(13,055)
52,992
51,510
(15,334)
36,176
Technology
6.1
306,296
(245,038)
61,258
299,780
(238,819)
60,961
Non-compete
agreements
3.7
52,412
(19,174)
33,238
85,111
(70,834)
14,277
Total other intangibles
$4,311,788
$(1,901,346)
$2,410,442
$3,921,823
$(1,836,160)
$2,085,663
N/A = Not Applicable
1 The weighted-average useful life calculation excludes fully amortized intangible assets.
Schedule of Future Estimated Amortization of Intangibles The future estimated amortization of intangible assets at December 31, 2024 is as follows (in thousands):
2025
$235,277
2026
217,005
2027
205,855
2028
195,480
2029
179,637
Thereafter
966,797