Goodwill and Other Intangible Assets, Net

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

A summary of the activity and balances in goodwill accounts by reporting segment follows:


	Balance as of December 31, 2021		Acquisitions		Divestitures		Adjustments to Acquisitions		Balance as of June 30, 2022
Group 1	$	6,549.7	$	31.1	$	—	$	(2.5)	$	6,578.3
Group 2	5,994.2		203.9		—		6.7		6,204.8
Corporate entities and other	282.1		1,133.4		—		(32.3)		1,383.2
Total	$	12,826.0	$	1,368.4	$	—	$	(28.1)	$	14,166.3

Adjustments to acquisitions during the six months ended June 30, 2022 primarily related to changes in our valuation of fixed assets and certain landfill leases as a result of obtaining new information regarding the acquisitions that closed in 2021. The preliminary goodwill associated with our acquisition of US Ecology is assigned to our Environmental Solutions operating segment and is included within Corporate entities and other above.

Other Intangible Assets, Net

Other intangible assets, net, include values assigned to customer relationships, non-compete agreements and trade names, and are amortized over periods ranging from 1 to 15 years. A summary of the activity and balances by intangible asset type follows:


	Gross Intangible Assets								Accumulated Amortization
	Balance as of December 31, 2021		Acquisitions		Adjustments and Other		Balance as of June 30, 2022		Balance as of December 31, 2021		Additions Charged to Expense		Adjustments and Other		Balance as of June 30, 2022		Other Intangible Assets, Net as of June 30, 2022
Customer relationships	$	898.4	$	148.6	$	—	$	1,047.0	$	(666.8)	$	(19.8)	$	0.2	$	(686.4)	$	360.6
Non-compete agreements	60.4		4.1		—		64.5		(44.6)		(3.0)		—		(47.6)		16.9
Other intangible assets	58.0		10.2		—		68.2		(45.9)		(1.1)		—		(47.0)		21.2
Total	$	1,016.8	$	162.9	$	—	$	1,179.7	$	(757.3)	$	(23.9)	$	0.2	$	(781.0)	$	398.7