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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill. Goodwill represents the cost in excess of the fair value of the net assets acquired in a business combination. As discussed in Note 1, goodwill is tested for impairment at the reporting unit level on an annual basis and on an interim basis if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. We perform our annual goodwill impairment tests as of September 30 each year. The fair value estimates for our reporting units were determined using a combination of the income and market approaches in accordance with the Company’s methodology. Our annual impairment tests as of September 30, 2022, 2021 and 2020 resulted in no impairment of goodwill. During 2022, we acquired Efficient Hire and LawLogix within the Workforce Solutions operating segment. We acquired Midigator within the USIS operating segment. We acquired Data Crédito within the International operating segment. During 2021, we acquired Appriss Insights, HIREtech, i2Verify and Health e(fx) within the Workforce Solutions operating segment. We acquired Kount and Teletrack within the USIS operating segment. We acquired AccountScore, as well as the remaining noncontrolling interest of businesses within our International segment. During 2020, we acquired the remaining interest in our India joint venture in our International operating segment and completed an additional acquisition in our USIS operating segment. Changes in the amount of goodwill for the twelve months ended December 31, 2022 and 2021, are as follows:
|  | Workforce Solutions |  | U.S. Information Solutions |  | International |  | Total
|  |  |  | (In millions)
Balance, December 31, 2020 |  | $ | 1,023.3 |  |  | $ | 1,417.9 |  |  | $ | 2,054.6 |  |  | $ | 4,495.8 |
Acquisitions |  | 1,342.1 |  |  | 481.5 |  |  | 18.4 |  |  | 1,842.0 |
Adjustments to initial purchase price allocation |  | — |  |  | 0.7 |  |  | — |  |  | 0.7 |
Foreign currency translation |  | — |  |  | — |  |  | (79.1) |  |  | (79.1) |
Divestitures |  | — |  |  | — |  |  | (1.3) |  |  | (1.3) |
Balance, December 31, 2021 |  | 2,365.4 |  |  | 1,900.1 |  |  | 1,992.6 |  |  | 6,258.1 |
Acquisitions |  | 145.0 |  |  | 111.8 |  |  | 27.0 |  |  | 283.8 |
Adjustments to initial purchase price allocation |  | 10.7 |  |  | (7.1) |  |  | (3.5) |  |  | 0.1 |
Foreign currency translation |  | (0.3) |  |  | — |  |  | (133.2) |  |  | (133.5) |
Divestitures |  | — |  |  | — |  |  | (24.6) |  |  | (24.6) |
Balance, December 31, 2022 |  | $ | 2,520.8 |  |  | $ | 2,004.8 |  |  | $ | 1,858.3 |  |  | $ | 6,383.9 |
Indefinite-Lived Intangible Assets. Indefinite-lived intangible assets consist of indefinite-lived reacquired rights representing the value of rights which we had granted to various affiliate credit reporting agencies that were reacquired in the U.S. and Canada. At the time we acquired these agreements, they were considered perpetual in nature under the accounting guidance in place at that time and, therefore, the useful lives are considered indefinite. Indefinite-lived intangible assets are not amortized. We are required to test indefinite-lived intangible assets for impairment annually and whenever events or circumstances indicate that there may be an impairment of the asset value. We perform our annual indefinite-lived intangible asset impairment test as of September 30. Our 2022 annual impairment test completed during the third quarter of 2022 resulted in no impairment of indefinite-lived intangible assets. As of December 31, 2022 and 2021, these assets were approximately $94.8 million and $94.9 million, respectively. Purchased Intangible Assets. Purchased intangible assets, net, recorded on our Consolidated Balance Sheets at December 31, 2022 and 2021, are as follows:
| December 31, 2022 |  | December 31, 2021
| Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Definite-lived intangible assets: | (In millions)
Purchased data files | $ | 1,090.0 |  |  | $ | (527.8) |  |  | $ | 562.2 |  |  | $ | 1,103.1 |  |  | $ | (466.0) |  |  | $ | 637.1 |
Proprietary database | 705.9 |  |  | (115.0) |  |  | 590.9 |  |  | 710.2 |  |  | (59.3) |  |  | 650.9 |
Customer relationships | 874.6 |  |  | (407.4) |  |  | 467.2 |  |  | 805.2 |  |  | (354.9) |  |  | 450.3 |
Acquired software and technology | 225.4 |  |  | (42.6) |  |  | 182.8 |  |  | 160.0 |  |  | (18.9) |  |  | 141.1 |
Trade names and other intangible assets | 26.7 |  |  | (19.6) |  |  | 7.1 |  |  | 23.9 |  |  | (12.6) |  |  | 11.3 |
Non-compete agreements | 14.5 |  |  | (6.2) |  |  | 8.3 |  |  | 11.0 |  |  | (3.7) |  |  | 7.3 |
Total definite-lived intangible assets | $ | 2,937.1 |  |  | $ | (1,118.6) |  |  | $ | 1,818.5 |  |  | $ | 2,813.4 |  |  | $ | (915.4) |  |  | $ | 1,898.0 |
Amortization expense related to purchased intangible assets was $236.7 million, $176.4 million, and $141.8 million during the twelve months ended December 31, 2022, 2021, and 2020, respectively. Estimated future amortization expense related to definite-lived purchased intangible assets at December 31, 2022 is as follows:
Years ending December 31, |  | Amount
|  | (In millions)
2023 |  | $ | 240.0 |
2024 |  | 228.7 |
2025 |  | 222.8 |
2026 |  | 210.3 |
2027 |  | 196.1 |
Thereafter |  | 720.6 |
|  | $ | 1,818.5 |

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