XML 33 R15.htm IDEA: XBRL DOCUMENT
v3.24.0.1

GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS As of December 31, 2023 and 2022, goodwill and other intangible assets consisted of the following:
| 2023 |  | 2022
| (in thousands)
Goodwill | $ | 26,743,523 |  |  | $ | 23,320,736 |
Other intangible assets: |  |  |
Customer-related intangible assets | $ | 10,653,036 |  |  | $ | 9,524,922 |
Acquired technologies | 3,005,576 |  |  | 2,863,731 |
Contract-based intangible assets | 2,254,273 |  |  | 1,741,321 |
Trademarks and trade names | 1,074,631 |  |  | 1,067,745 |
| 16,987,516 |  |  | 15,197,719 |
Less accumulated amortization: |  |  |
Customer-related intangible assets | 3,866,686 |  |  | 3,155,838 |
Acquired technologies | 2,047,330 |  |  | 1,692,762 |
Contract-based intangible assets | 309,886 |  |  | 197,478 |
Trademarks and trade names | 595,568 |  |  | 493,267 |
| 6,819,470 |  |  | 5,539,345 |
| $ | 10,168,046 |  |  | $ | 9,658,374 |
The following table sets forth the changes by reportable segment in the carrying amount of goodwill for the years ended December 31, 2023, 2022 and 2021:
| Merchant Solutions |  | Issuer Solutions |  | Consumer Solutions |  | Total
| (in thousands)
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 |
Goodwill acquired | 3,283,285 |  |  | — |  |  | — |  |  | 3,283,285 |
Effect of foreign currency translation | 126,835 |  |  | 12,904 |  |  | — |  |  | 139,739 |
Measurement-period adjustments | (237) |  |  | — |  |  | — |  |  | (237) |
Balance at December 31, 2023 | $ | 17,226,828 |  |  | $ | 9,516,695 |  |  | $ | — |  |  | $ | 26,743,523 |
(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 during the year ended December 31, 2022, 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, 2023 were $357.9 million. Accumulated impairment losses for goodwill as of December 31, 2022 were $833.1 million, of which $475.2 million related to assets held for sale. Customer-related intangible assets, acquired technologies, contract-based intangible assets, and trademarks and trade names acquired during the year ended December 31, 2023 had weighted-average amortization periods of 10.8 years, 6.3 years, 12.0 years, and 2.0 years, respectively. 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. Amortization expense of acquired intangibles was $1,318.5 million for the year ended December 31, 2023, $1,263.0 million for the year ended December 31, 2022 and $1,295.0 million for the year ended December 31, 2021. The estimated amortization expense of acquired intangibles as of December 31, 2023 for the next five years, calculated using the currency exchange rate at the date of acquisition, if applicable, is as follows (in thousands):
2024 | $ | 1,348,934 |
2025 | 1,268,360 |
2026 | 1,121,414 |
2027 | 890,245 |
2028 | 820,752 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration