Goodwill and Other Intangible Assets, Net

9 Months Ended

Sep. 30, 2023

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, 2022		Acquisitions		Divestitures		Adjustments to Acquisitions		Balance as of September 30, 2023
Group 1	$	6,637.9	$	445.5	$	—	$	(0.9)	$	7,082.5
Group 2	6,238.3		167.3		(0.6)		0.9		6,405.9
Group 3	1,575.3		—		—		227.0		1,802.3
Total	$	14,451.5	$	612.8	$	(0.6)	$	227.0	$	15,290.7

Adjustments to acquisitions during the nine months ended September 30, 2023 primarily related to changes in our valuation of assets acquired and liabilities assumed in connection with our acquisition of US Ecology.

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, 2022		Acquisitions		Adjustments and Other		Balance as of September 30, 2023		Balance as of December 31, 2022		Additions Charged to Expense		Adjustments and Other		Balance as of September 30, 2023		Other Intangible Assets, Net as of September 30, 2023
Customer relationships	$	1,013.5	$	133.1	$	(572.6)	$	574.0	$	(709.1)	$	(37.5)	$	590.5	$	(156.1)	$	417.9
Non-compete agreements	67.9		1.6		(39.7)		29.8		(50.9)		(4.8)		39.7		(16.0)		13.8
Other intangible assets	77.0		1.3		(50.1)		28.2		(51.2)		(5.1)		43.6		(12.7)		15.5
Total	$	1,158.4	$	136.0	$	(662.4)	$	632.0	$	(811.2)	$	(47.4)	$	673.8	$	(184.8)	$	447.2