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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The following table summarizes changes in our goodwill balance:
Balance at December 31, 2018 | $ | 2,948.0 |
Goodwill related to 2019 acquisitions | 20.9 |
Impact of foreign currency translation | 7.6 |
Balance at December 31, 2019 | 2,976.5 |
Goodwill related to 2020 acquisitions | 237.3 |
Impact of foreign currency translation | 61.3 |
Balance at December 31, 2020 | $ | 3,275.1 |
Intangible assets, net are summarized as follows:
| December 31, 2020
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Indefinite-lived intangible assets: |  |  |  |  |
Trade names and branding | $ | 445.0 |  |  | n/a |  | $ | 445.0 |
Domain portfolio | 250.3 |  |  | n/a |  | 250.3 |
Contractual-based assets | 67.0 |  |  | n/a |  | 67.0 |
Finite-lived intangible assets: |  |  |  |  |
Customer-related | 857.0 |  |  | $ | (534.7) |  |  | 322.3 |
Developed technology | 188.1 |  |  | (90.7) |  |  | 97.4 |
Trade names and other | 106.9 |  |  | (33.8) |  |  | 73.1 |
| $ | 1,914.3 |  |  | $ | (659.2) |  |  | $ | 1,255.1 |
| December 31, 2019
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Indefinite-lived intangible assets: |  |  |  |  |
Trade names and branding | $ | 445.0 |  |  | n/a |  | $ | 445.0 |
Domain portfolio | 148.1 |  |  | n/a |  | 148.1 |
Finite-lived intangible assets: |  |  |  |  |
Customer-related | 838.4 |  |  | $ | (475.6) |  |  | 362.8 |
Developed technology | 151.5 |  |  | (67.3) |  |  | 84.2 |
Trade names and other | 81.4 |  |  | (23.8) |  |  | 57.6 |
| $ | 1,664.4 |  |  | $ | (566.7) |  |  | $ | 1,097.7 |
In December 2020, we completed the purchase of a domain portfolio for $17.0 million in cash, of which $2.0 million will be paid in 2021. Amortization expense was $127.1 million, $119.5 million and $136.7 million during 2020, 2019 and 2018, respectively. As of December 31, 2020, the weighted-average remaining amortization period for amortizable intangible assets was 62 months for customer-related intangible assets, 39 months for developed technology and 79 months for trade names and other, and was 60 months in total. Based on the balance of finite-lived intangible assets at December 31, 2020, expected future amortization expense is as follows:
Year Ending December 31: |
2021 | $ | 111.5 |
2022 | 108.3 |
2023 | 89.4 |
2024 | 76.3 |
2025 | 72.4 |
Thereafter | 34.9 |
| $ | 492.8 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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