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ACQUISITIONS AND INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Estimated Fair Value of Net Assets Acquired and Liabilities Assumed at Acquisition Dates | The following table summarizes the final fair value of the net assets acquired and the liabilities assumed for the acquisitions occurring in 2023.
|  | (In millions)
Cash |  |  | $ | 239.6 |
Accounts receivable and other current assets |  |  | 35.2 |
Other assets |  |  | 51.0 |
Purchased intangible assets (1) |  |  | 242.7 |
Goodwill (2) |  |  | 335.3 |
Total assets acquired |  |  | 903.8 |
Total liabilities assumed |  |  | (30.5) |
Net assets acquired |  |  | $ | 873.3 |
(1)Purchased intangible assets are further disaggregated in the following table. (2)The goodwill related to the 2023 acquisitions was recognized in the International operating segments. As of December 31, 2023, an immaterial amount of the goodwill related to the 2023 acquisitions was tax deductible.
Acquired Intangible Assets Fair Value and Weighted-Average Useful Life | The primary reasons the purchase price of these acquisitions exceeded the fair value of the net assets acquired, which resulted in the recognition of goodwill, were expanded growth opportunities from new or enhanced product offerings and geographies, cost savings from the elimination of duplicative activities and the acquisition of an assembled workforce that are not recognized as assets apart from goodwill.
Intangible asset category |  |  |  |  |  | Fair Value |  | Weighted-average useful life
|  |  |  |  |  | (in millions) |  | (in years)
Purchased data files |  |  |  |  |  | $ | 64.3 |  |  | 5.6
Customer relationships |  |  |  |  |  | 172.9 |  |  | 10.0
Acquired software and technology |  |  |  |  |  | 0.5 |  |  | 5.0
Trade names and other intangible assets |  |  |  |  |  | 4.8 |  |  | 2.0
Non-compete agreements |  |  |  |  |  | 0.2 |  |  | 5.0
Total acquired intangibles |  |  |  |  |  | $ | 242.7 |  |  |

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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