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GOODWILL AND OTHER INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying value of goodwill for each of the Company’s business segments were as follows:
|  | Property |  | Services |  | Total (1)
|  | U.S. & Canada |  | Africa & APAC |  | Europe |  | Latin America |  | Data Centers |
Balance as of January 1, 2025 |  | $ | 4,634.7 |  |  | $ | 516.5 |  |  | $ | 2,862.3 |  |  | $ | 832.6 |  |  | $ | 2,920.0 |  |  | $ | 2.0 |  |  | $ | 11,768.1 |
Other (1) |  | — |  |  | (6.1) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6.1) |
Effect of foreign currency translation |  | (0.0) |  |  | 5.0 |  |  | 128.2 |  |  | 26.3 |  |  | — |  |  | — |  |  | 159.5 |
Balance as of March 31, 2025 |  | $ | 4,634.7 |  |  | $ | 515.4 |  |  | $ | 2,990.5 |  |  | $ | 858.9 |  |  | $ | 2,920.0 |  |  | $ | 2.0 |  |  | $ | 11,921.5 |
_______________ (1)Other represents the goodwill associated with the sale of South Africa Fiber, which was sold during the three months ended March 31, 2025. The Company’s other intangible assets subject to amortization consisted of the following:
|  |  | As of March 31, 2025 |  | As of December 31, 2024
| Estimated Useful Lives (years) |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Book Value
Acquired network location intangibles (1) | Up to 30 |  | $ | 5,452.5 |  |  | $ | (2,696.7) |  |  | $ | 2,755.8 |  |  | $ | 5,365.4 |  |  | $ | (2,659.8) |  |  | $ | 2,705.6 |
Acquired tenant-related intangibles | Up to 30 |  | 17,987.1 |  |  | (6,989.9) |  |  | 10,997.2 |  |  | 17,666.0 |  |  | (6,823.7) |  |  | 10,842.3 |
Acquired licenses and other intangibles | 2-30 |  | 1,389.3 |  |  | (499.8) |  |  | 889.5 |  |  | 1,406.8 |  |  | (480.4) |  |  | 926.4 |
Total other intangible assets |  |  | $ | 24,828.9 |  |  | $ | (10,186.4) |  |  | $ | 14,642.5 |  |  | $ | 24,438.2 |  |  | $ | (9,963.9) |  |  | $ | 14,474.3 |
_______________ (1)Acquired network location intangibles are amortized over the remaining estimated useful life of the tower, taking into account residual value, generally up to 30 years, as the Company considers these intangibles to be directly related to the tower assets. The acquired network location intangibles represent the value to the Company of the incremental revenue growth that could potentially be obtained from leasing the excess capacity on acquired tower communications infrastructure. The acquired tenant-related intangibles typically represent the value to the Company of tenant contracts and relationships in place at the time of an acquisition or similar transaction, including assumptions regarding estimated renewals. Other intangibles represent the value of acquired licenses, trade name and in place leases. In place lease value represents the fair value of costs avoided in securing data center customers, including vacancy periods, legal costs and commissions. In place lease value also includes assumptions on similar costs avoided upon the renewal or extension of existing leases on a basis consistent with occupancy assumptions used in the fair value of other assets. The Company amortizes its acquired intangible assets on a straight-line basis over their estimated useful lives. As of March 31, 2025, the remaining weighted average amortization period of the Company’s intangible assets was 20 years. Amortization of intangible assets for the three months ended March 31, 2025 and 2024 was $214.1 million and $229.4 million, respectively. Based on current exchange rates, the Company expects to record amortization expense as follows over the remainder of the current year and the five subsequent years:
Fiscal Year |  | Amount
Remainder of 2025 |  | $ | 647.2 |
2026 |  | 828.2 |
2027 |  | 812.7 |
2028 |  | 803.6 |
2029 |  | 787.0 |
2030 |  | 775.4 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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