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Goodwill and Intangible Assets, Net | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | 6. Goodwill and Intangible assets, net The changes in the net carrying amount of goodwill are as follows (in millions):
|  | Employer |  |  | Professional |  |  |  |  |
|  | Solutions |  |  | Services |  |  | Total |
Balance as of December 31, 2022 |  | $ |  | 3,606 |  |  |  |  | 73 |  |  |  |  | 3,679 |
Foreign currency translation |  |  |  | 1 |  |  |  |  | — |  |  |  |  | 1 |
Balance as of March 31, 2023 |  | $ |  | 3,607 |  |  |  |  | 73 |  |  |  |  | 3,680 |
Intangible assets by asset class are as follows (in millions):
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | Gross |  |  |  |  |  |  | Net |  |  | Gross |  |  |  |  |  |  | Net |
|  | Carrying |  |  | Accumulated |  |  | Carrying |  |  | Carrying |  |  | Accumulated |  |  | Carrying |
|  | Amount |  |  | Amortization |  |  | Amount |  |  | Amount |  |  | Amortization |  |  | Amount |
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer-related and contract based intangibles |  | $ |  | 3,670 |  |  | $ |  | 426 |  |  | $ |  | 3,244 |  |  | $ |  | 3,670 |  |  | $ |  | 364 |  |  | $ |  | 3,306 |
Technology related intangibles |  |  |  | 263 |  |  |  |  | 74 |  |  |  |  | 189 |  |  |  |  | 263 |  |  |  |  | 63 |  |  |  |  | 200 |
Trade name (finite life) |  |  |  | 409 |  |  |  |  | 49 |  |  |  |  | 360 |  |  |  |  | 408 |  |  |  |  | 42 |  |  |  |  | 366 |
Total |  | $ |  | 4,342 |  |  | $ |  | 549 |  |  | $ |  | 3,793 |  |  | $ |  | 4,341 |  |  | $ |  | 469 |  |  | $ |  | 3,872 |
The change in gross carrying amounts for customer-related and contract-based intangibles includes the unfavorable impact of foreign currency translation adjustments. Amortization expense from finite-lived intangible assets for the three months ended March 31, 2023 and 2022, was $80 million and $79 million, respectively, which was recorded in Depreciation and intangible amortization in the Condensed Consolidated Statements of Comprehensive Income (Loss). The following table reflects intangible assets net carrying amount and weighted-average remaining useful lives as of March 31, 2023 (in millions, except for years):
|  | Net |  |  | Weighted-Average |
|  | Carrying |  |  | Remaining |
|  | Amount |  |  | Useful Lives |
Intangible assets at March 31, 2023: |  |  |  |  |  |  |  |
Customer-related and contract-based intangibles |  | $ |  | 3,244 |  |  |  |  | 13.2 |
Technology-related intangibles |  |  |  | 189 |  |  |  |  | 4.2 |
Trade name (finite life) |  |  |  | 360 |  |  |  |  | 13.1 |
Total |  | $ |  | 3,793 |  |  |  |  |
Subsequent to March 31, 2023, the annual amortization expense is expected to be as follows (in millions):
|  | Customer-Related |  |  | Technology |  |  | Trade |
|  | and Contract Based |  |  | Related |  |  | Name |
|  | Intangibles |  |  | Intangibles |  |  | Intangibles |
2023 (April - December) |  | $ |  | 184 |  |  | $ |  | 34 |  |  | $ |  | 22 |
2024 |  |  |  | 246 |  |  |  |  | 45 |  |  |  |  | 29 |
2025 |  |  |  | 246 |  |  |  |  | 45 |  |  |  |  | 28 |
2026 |  |  |  | 246 |  |  |  |  | 44 |  |  |  |  | 27 |
2027 |  |  |  | 246 |  |  |  |  | 21 |  |  |  |  | 27 |
Thereafter |  |  |  | 2,076 |  |  |  |  | — |  |  |  |  | 227 |
Total amortization expense |  | $ |  | 3,244 |  |  | $ |  | 189 |  |  | $ |  | 360 |

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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