GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

As of December 31, 2019 and 2018, goodwill and other intangible assets consisted of the following:



	2019		2018

	(in thousands)

Goodwill	$	23,759,740	$	6,341,355
Other intangible assets:
Customer-related intangible assets	$	9,238,728	$	2,486,217
Acquired technologies	2,732,218		896,701
Contract-based intangible assets	1,974,429		178,391
Trademarks and trade names	1,239,471		289,588
	15,184,846		3,850,897
Less accumulated amortization:
Customer-related intangible assets	1,225,785		860,715
Acquired technologies	576,928		351,170
Contract-based intangible assets	82,225		67,160
Trademarks and trade names	145,253		83,234
	2,030,191		1,362,279
	$	13,154,655	$	2,488,618

On December 31, 2019, we acquired a merchant portfolio from Desjardins Group, the leading cooperative financial group in Canada. We accounted for the acquisition as an asset purchase and recorded customer-related intangible assets of $307.9 million.

The following table sets forth the changes by reportable segment in the carrying amount of goodwill for the years ended December 31, 2019, 2018 and 2017:



	Merchant Solutions			Issuer Solutions			Business and Consumer Solutions		Total

	(in thousands)

Balance at December 31, 2016	$	4,779,802		$	27,792		$	—	$	4,807,594
Goodwill acquired	784,668			—			—		784,668
Effect of foreign currency translation	75,443			5,746			—		81,189
Measurement-period adjustments	30,541			—			—		30,541
Balance at December 31, 2017	5,670,454			33,538			—		5,703,992
Goodwill acquired	698,870			—			—		698,870
Effect of foreign currency translation	(59,374		)	(1,709		)	—		(61,083		)
Measurement-period adjustments	(424		)	—			—		(424		)
Balance at December 31, 2018	6,309,526			31,829			—		6,341,355
Goodwill acquired	7,095,167			7,945,029			2,358,657		17,398,853
Effect of foreign currency translation	10,030			8,873			—		18,903
Measurement-period adjustments	629			—					629
Balance at December 31, 2019	$	13,415,352		$	7,985,731		$	2,358,657	$	23,759,740

There were no accumulated impairment losses for goodwill at any balance sheet date reflected in the table above.

Customer-related intangible assets, acquired technologies, contract-based intangible assets and trademarks and trade names acquired during the year ended December 31, 2019 had weighted-average amortization periods of 15.1 years, 6.9 years, 17.7 years and 10.7 years, respectively. Customer-related intangible assets, acquired technologies, contract-based intangible assets and trademarks and trade names acquired during the year ended December 31, 2018 had weighted-average amortization periods of 11.5 years, 6.2 years, 19.3 years and 12.5 years, respectively. Customer-related intangible assets, acquired technologies, contract-based intangible assets and trademarks and trade names acquired during the year ended December 31, 2017 had weighted-average amortization periods of 16.8 years, 8.8 years, 3.0 years and 15.0 years, respectively. Amortization expense of acquired intangibles was $667.1 million for the year ended December 31, 2019, $377.7 million for the year ended December 31, 2018 and $337.9 million for the year ended December 31, 2017.

The estimated amortization expense of acquired intangibles as of December 31, 2019 for the next five years, calculated using the currency exchange rate at the date of acquisition, if applicable, is as follows (in thousands):



2020	$	1,249,281
2021	1,215,658
2022	1,202,279
2023	1,158,838
2024	1,102,224