XML 25 R12.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Goodwill and other intangible assets, net
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and other intangible assets, net Goodwill and other intangible assets, net
Changes in the carrying amount of goodwill for each reportable segment for the six months ended June 30, 2024 are as follows:
(in millions)Global WarehousingGlobal Integrated SolutionsTotal
Balance, December 31, 2023$2,750 $644 $3,394 
Goodwill acquired1
22 — 22 
Measurement period adjustments1
(7)— (7)
Foreign currency translation(42)(6)(48)
Balance, June 30, 2024$2,723 $638 $3,361 
__________________
(1) See Note 4, Business combinations and asset acquisitions for details.
The following are the Company’s total other intangible assets as of:
June 30, 2024December 31, 2023
(in millions)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountUseful Life (Years)
Customer relationships$1,500 $(389)$1,111 $1,507 $(343)$1,164 
 5 - 28
In-place leases94 (23)71 98 (21)77 
2 - 31
Technology32 (7)25 32 (5)27 10
Trade names(6)24 (21)
1 - 15
Other20 (12)20 (11)
4 - 17
Other intangible assets$1,655 $(437)$1,218 $1,681 $(401)$1,280 
During the three and six months ended June 30, 2024, the Company derecognized fully-amortized intangible assets and the associated accumulated amortization totaling $5 million and $20 million, respectively. During the three and six months ended June 30, 2023, the Company derecognized fully-amortized intangible assets and the associated accumulated amortization totaling $5 million and $7 million, respectively.
Customer relationships intangible assets acquired during the six months ended June 30, 2024 have a weighted-average amortization period of 13 years.