GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

As of December 31, 2022 and 2021, goodwill and other intangible assets consisted of the following:


	2022		2021

	(in thousands)

Goodwill	$	23,320,736	$	24,813,274
Other intangible assets:
Customer-related intangible assets	$	9,524,922	$	9,694,083
Acquired technologies	2,863,731		2,962,154
Contract-based intangible assets	1,741,321		2,258,676
Trademarks and trade names	1,067,745		1,271,302
	15,197,719		16,186,215
Less accumulated amortization:
Customer-related intangible assets	3,155,838		2,587,586
Acquired technologies	1,692,762		1,367,513
Contract-based intangible assets	197,478		180,975
Trademarks and trade names	493,267		416,432
	5,539,345		4,552,506
	$	9,658,374	$	11,633,709

As of December 31, 2022, approximately $717.9 million of intangible assets have been classified as assets held for sale in connection with the presentation of the consumer and gaming businesses as held for sale. See “Note 3—Business Dispositions” for further discussion.

The following table sets forth the changes by reportable segment in the carrying amount of goodwill for the years ended December 31, 2022, 2021 and 2020 and has been recast to align with the change in the presentation of segment information as further described in “Note 17—Segment Information:”


	Merchant Solutions		Issuer Solutions		Consumer Solutions		Total

	(in thousands)

Balance at December 31, 2019	$	13,415,352	$	9,506,319	$	838,069	$	23,759,740
Goodwill acquired	80,152		—		—		80,152
Effect of foreign currency translation	54,548		14,182		—		68,730
Measurement-period adjustments	(1,362)		(39,318)		3,509		(37,171)
Balance at December 31, 2020	13,548,690		9,481,183		841,578		23,871,451
Goodwill acquired	557,044		431,797		—		988,841
Effect of foreign currency translation	(36,192)		(4,826)		—		(41,018)
Measurement-period adjustments	(5,860)		(140)		—		(6,000)
Balance at December 31, 2021	14,063,682		9,908,014		841,578		24,813,274
Goodwill acquired	3,296		—		—		3,296
Effect of foreign currency translation	(66,251)		(29,009)		—		(95,260)
Goodwill derecognized in connection with the sale of a business (1)	(17,719)		—		—		(17,719)
Impairment of goodwill (2)	—		—		(833,075)		(833,075)
Reallocation of accumulated impairment losses due to change in reporting units (2)	—		(357,933)		357,933		—
Reclassification of goodwill to assets held for sale (3)	(163,105)		—		(366,436)		(529,541)
Measurement-period adjustments	(2,958)		(17,281)		—		(20,239)
Balance at December 31, 2022	$	13,816,945	$	9,503,791	$	—	$	23,320,736

(1) Reflects goodwill derecognized in connection with the sale of our Merchant Solutions business in Russia. See “Note 3—Business Dispositions” for further discussion.

(2) Reflects a goodwill impairment charge related to our former Business and Consumer Solutions reporting unit. In connection with the change in presentation of segment information, accumulated impairment losses associated with our former Business and Consumer Solutions reporting unit were reallocated to our new reporting units based on relative fair value. See "Note 1— Summary of Significant Accounting Policies" for further discussion.

(3) Reflects the reclassification of goodwill in connection with the presentation of the consumer and gaming businesses as held for sale. See “Note 3—Business Dispositions” for further discussion.

Accumulated impairment losses for goodwill as of December 31, 2022 were $833.1 million. There were no accumulated impairment losses for goodwill as of December 31, 2021.

Customer-related intangible assets, acquired technologies, contract-based intangible assets, and trademarks and trade names acquired during the year ended December 31, 2021 had weighted-average amortization periods of 11.9 years, 6.0 years, 18.5 years, and 15.0 years, respectively. Customer-related intangible assets, acquired technologies and contract-based intangible assets acquired during the year ended December 31, 2020 had weighted-average amortization periods of 8.9 years, 5.0 years, and 9.8 years, respectively. Amortization expense of acquired intangibles was $1,263.0 million for the year ended

December 31, 2022, $1,295.0 million for the year ended December 31, 2021 and $1,256.9 million for the year ended December 31, 2020.

The estimated amortization expense of acquired intangibles as of December 31, 2022 for the next five years, calculated using the currency exchange rate at the date of acquisition, if applicable, is as follows (in thousands):


2023	$	1,210,371
2024	1,157,755
2025	1,092,260
2026	960,261
2027	744,011