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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
December 31, 2025December 31, 2024
(in thousands)Gross Carrying
Amount
Accumulated
Amortization
Net Carrying AmountGross Carrying
Amount
Accumulated
Amortization
Net Carrying Amount
Definite-lived intangible assets:
Contracts and related customer relationships
$6,754,810 $(4,012,248)$2,742,562 $6,158,349 $(3,464,926)$2,693,423 
Dealer relationships(1)
1,518,020 (776,413)741,607 1,518,020 (697,324)820,696 
Other(2)
199,973 (199,146)827 209,773 (202,793)6,980 
Total definite-lived intangible assets8,472,803 (4,987,807)3,484,996 7,886,142 (4,365,043)3,521,099 
Indefinite-lived intangible assets:
Trade name(3)
1,333,000 — 1,333,000 1,333,000 — 1,333,000 
Intangible assets$9,805,803 $(4,987,807)$4,817,996 $9,219,142 $(4,365,043)$4,854,099 
__________________
(1)Originated from the Formation Transactions and the ADT Acquisition in 2015 and 2016, respectively. Amortized primarily over 19 years on a straight-line basis based on management estimates about attrition and the longevity of the underlying dealer network that existed at the time of acquisition.
(2)Primarily relates to trade names and other technology assets. Amortized over a period of up to 10 years on a straight-line basis.
(3)ADT trade name acquired as part of the ADT Acquisition.
The change in the net carrying amount of contracts and related customer relationships during the period was as follows:
Years Ended December 31,
(in thousands)20252024
Balance as of December 31, 2024$2,693,423 $2,634,211 
Customer contract additions, net of dealer charge-backs598,127 586,994 
Amortization(548,988)(527,782)
Balance as of December 31, 2025$2,742,562 $2,693,423 
Schedule of Indefinite-Lived Intangible Assets
December 31, 2025December 31, 2024
(in thousands)Gross Carrying
Amount
Accumulated
Amortization
Net Carrying AmountGross Carrying
Amount
Accumulated
Amortization
Net Carrying Amount
Definite-lived intangible assets:
Contracts and related customer relationships
$6,754,810 $(4,012,248)$2,742,562 $6,158,349 $(3,464,926)$2,693,423 
Dealer relationships(1)
1,518,020 (776,413)741,607 1,518,020 (697,324)820,696 
Other(2)
199,973 (199,146)827 209,773 (202,793)6,980 
Total definite-lived intangible assets8,472,803 (4,987,807)3,484,996 7,886,142 (4,365,043)3,521,099 
Indefinite-lived intangible assets:
Trade name(3)
1,333,000 — 1,333,000 1,333,000 — 1,333,000 
Intangible assets$9,805,803 $(4,987,807)$4,817,996 $9,219,142 $(4,365,043)$4,854,099 
__________________
(1)Originated from the Formation Transactions and the ADT Acquisition in 2015 and 2016, respectively. Amortized primarily over 19 years on a straight-line basis based on management estimates about attrition and the longevity of the underlying dealer network that existed at the time of acquisition.
(2)Primarily relates to trade names and other technology assets. Amortized over a period of up to 10 years on a straight-line basis.
(3)ADT trade name acquired as part of the ADT Acquisition.
Schedule of Finite-Lived Intangible Assets, Amortization Expense
Years Ended December 31,
(in thousands)202520242023
Definite-lived intangible asset amortization expense$630,936 $610,389 $613,679 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of December 31, 2025, the estimated aggregate amortization expense on our existing intangible assets is expected to be as follows (in thousands):
20262027202820292030Thereafter
$589,793 $507,650 $444,625 $396,975 $338,643 $1,207,310