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Note 8 - Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Text Block]

The following is a summary of the change in goodwill from December 31, 2019 through September 30, 2020, both in total and as allocated to the Company’s operating segments:

	*Insurance*			*Energy and Specialized Markets*			*Financial Services*			*Total*
Goodwill at December 31, 2019	$	998.8		$	2,389.5		$	476.0		$	3,864.3
Current year acquisition		99.9			—			—			99.9
Purchase accounting reclassifications		3.1			(1.2	)		(0.2	)		1.7
Current period adjustment ⁽¹⁾		21.4			(19.5	)		—			1.9
Foreign currency translation		(9.6	)		(32.9	)		(0.4	)		(42.9	)
Goodwill at September 30, 2020	$	1,113.6		$	2,335.9		$	475.4		$	3,924.9

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⁽¹⁾Of which $19.5 million relates to a segment reclassification, refer to Note 14. Segment Reporting

Goodwill and intangible assets with indefinite lives are subject to impairment testing annually as of June 30, or whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. Goodwill impairment testing compares the carrying value of each reporting unit to its fair value. If the fair value of the reporting unit exceeds the carrying value of the net assets, including goodwill assigned to that reporting unit, goodwill is not impaired. If the carrying value of the reporting unit’s net assets including goodwill exceeds the fair value of the reporting unit, then an impairment loss is recorded for the difference between the carrying amount and the fair value of the reporting unit. The Company completed the required annual impairment test as of June 30, 2020, and concluded that there was no impairment of goodwill. There were no triggering events for the three months ended September 30, 2020 that would impact the results of the impairment test performed as of June 30, 2020

The Company’s intangible assets and related accumulated amortization consisted of the following:

	*Weighted Average Useful Life in Years*	*Cost*		*Accumulated Amortization*			*Net*
September 30, 2020
Technology	7	$	519.8	$	(330.2	)	$	189.6
Marketing	16		261.6		(105.4	)		156.2
Contract	6		5.0		(5.0	)		—
Customer	13		947.8		(328.2	)		619.6
Database	19		475.4		(124.5	)		350.9
Total intangible assets		$	2,209.6	$	(893.3	)	$	1,316.3
December 31, 2019
Technology	7	$	519.2	$	(291.9	)	$	227.3
Marketing	16		265.3		(94.3	)		171.0
Contract	6		5.0		(5.0	)		—
Customer	13		901.2		(278.0	)		623.2
Database	19		484.6		(107.2	)		377.4
Total intangible assets		$	2,175.3	$	(776.4	)	$	1,398.9

Amortization expense related to intangible assets for the three months ended September 30, 2020 and 2019 was $41.5 million and $33.3 million, respectively. Amortization expense related to intangible assets for the nine months ended September 30, 2020 and 2019 was $123.6 million and $100.1 million, respectively. Estimated amortization expense for the remainder of 2020 and the years through 2025 and thereafter for intangible assets subject to amortization is as follows:

Year	*Amount*
2020	$42.3
2021	158.4
2022	146.8
2023	134.7
2024	129.9
2025 and thereafter	704.2
	$	1,316.3