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Goodwill And Intangible Assets, Net | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Intangible Assets, Net | GOODWILL AND INTANGIBLE ASSETS, NET Goodwill and intangible assets, net, consist of the following:
| September 30, 2023 |  | December 31, 2022
Goodwill (1) | $ | 1,455.7 |  |  | $ | 1,320.1 |
Franchise rights - indefinite-lived | $ | 876.2 |  |  | $ | 816.2 |
Other intangibles | 70.7 |  |  | 30.7 |
| 946.9 |  |  | 846.9 |
Less: accumulated amortization | (15.1) |  |  | (9.9) |
Other intangible assets, net | $ | 931.8 |  |  | $ | 837.0 |
(1) The change in goodwill from the prior period is primarily due to the acquisition of the mobile repair and maintenance business we acquired in January 2023. Such goodwill is reflected in our Mobile Service reporting unit.
Goodwill and our franchise rights assets are tested for impairment annually as of April 30 or more frequently when events or changes in circumstances indicate that impairment may exist. Under accounting standards, we chose to make a qualitative evaluation about the likelihood of goodwill impairment for our annual impairment testing as of April 30, 2023, and we determined that it was not more likely than not that the fair values of our reporting units were less than their c arrying amounts. We elected to perform quantitative franchise rights impairment tests as of April 30, 2023, and no impairment charges resulted from these quantitative tests. See Note 13 of the Notes to Unaudited Condensed Consolidated Financial Statements for information about our annual impairment tests of goodwill and franchise rights.

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- 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
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