Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The following table sets forth the changes in the carrying amounts of goodwill by reportable segment. As a result of the January 1, 2023 reorganization, we changed our segment reporting to reflect this reorganization under two reportable segments: Public Cloud and Private Cloud. Accordingly, we reallocated the total consolidated net balance of goodwill as of January 1, 2023 under the new segments, shown below:


(In millions)	Public Cloud		Private Cloud		Multicloud Services		Apps & Cross Platform		OpenStack Public Cloud		Total Consolidated
Gross goodwill as of December 31, 2022	$	—	$	—	$	2,656.6	$	328.0	$	52.4	$	3,037.0
Less: Accumulated impairment charges	—		—		(700.2)		(129.3)		(52.4)		(881.9)
Goodwill, net as of December 31, 2022	—		—		1,956.4		198.7		—		2,155.1
Reallocation adjustment (1)	594.7		1,560.4		(1,956.4)		(198.7)		—		—


Impairment of goodwill	—		(708.8)		—		—		—		(708.8)
Foreign currency translation	0.7		1.1		—		—		—		1.8
Goodwill, net as of September 30, 2023	$	595.4	$	852.7	$	—	$	—	$	—	$	1,448.1

Gross goodwill as of September 30, 2023	$	595.4	$	1,561.5	$	—	$	—	$	—	$	2,156.9
Less: Accumulated impairment charges	—		(708.8)		—		—		—		(708.8)
Goodwill, net as of September 30, 2023	$	595.4	$	852.7	$	—	$	—	$	—	$	1,448.1

(1) Represents the adjustment to reallocate goodwill of the former Multicloud Services and Apps & Cross Platform reportable segments to Public Cloud and Private Cloud reportable segments, using the relative fair value basis, as a result of the January 1, 2023 reorganization.

See Note 1, "Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies," for discussion of the goodwill impairment charges recorded during the nine months ended September 30, 2022 and 2023.

The following table provides information regarding our intangible assets other than goodwill:


	December 31, 2022						September 30, 2023
(In millions)	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Customer relationships	$	1,928.5	$	(914.9)	$	1,013.6	$	1,929.3	$	(1,033.0)	$	896.3

Other	27.7		(22.3)		5.4		27.7		(26.2)		1.5
Total definite-lived intangible assets	1,956.2		(937.2)		1,019.0		1,957.0		(1,059.2)		897.8
Trade name (indefinite-lived)	217.0		—		217.0		160.0		—		160.0
Total intangible assets other than goodwill	$	2,173.2	$	(937.2)	$	1,236.0	$	2,117.0	$	(1,059.2)	$	1,057.8

During the three and nine months ended September 30, 2023 we recognized impairment charges of $57.0 million related to our trade name indefinite-lived intangible asset.

Additionally, during the three and nine months ended September 30, 2022 we recognized impairment charges of $21.0 million and $22.4 million related to our trade name indefinite-lived intangible asset and the OpenStack Public Cloud definite-lived intangible assets, respectively.

For more information, see the discussion of our impairment charges in Note 1, "Company Overview, Basis of Presentation, and Summary of Significant Accounting Policies."