Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS

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GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
 
Goodwill.  Goodwill represents the cost in excess of the fair value of the net assets acquired in a business combination. As discussed in Note 1, goodwill is tested for impairment at the reporting unit level on an annual basis and on an interim basis if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. We perform our annual goodwill impairment tests as of September 30 each year. The fair value estimates for our reporting units were determined using a combination of the income and market approaches in accordance with the Company’s methodology. Our annual impairment tests as of September 30, 2021, 2020 and 2019 resulted in no impairment of goodwill.
In the fourth quarter of 2021, we integrated our Global Consumer Solutions business into our USIS, Workforce Solutions and International operating segments. U.S. consumer credit monitoring solutions businesses were moved to USIS with the U.S. consumer identity theft protection business moved to Workforce Solutions. All international consumer credit marketing solutions businesses have been moved into the Canada and Europe reporting units based on the geographical location of customers. These changes in reporting units align with how we plan to manage our business going forward. To reflect this new organizational structure, we have reallocated goodwill from the legacy Global Consumer Solutions reporting unit to the USIS, Workforce Solutions, Canada and Europe reporting units based on relative fair value. A change in reporting units requires that goodwill be tested for impairment. During 2021, we performed a goodwill impairment test prior to and following the reallocation of goodwill, which resulted in no impairment for all reporting units.

During 2021, we acquired Appriss Insights, HIREtech, i2Verify and Health e(fx) within the Workforce Solutions operating segment. We acquired Kount and Teletrack within the USIS operating segment. We acquired AccountScore, as well as the remaining noncontrolling interest of businesses within our International segment.

During 2020, we acquired the remaining interest in our India joint venture in our International operating segment and completed an additional acquisition in our USIS operating segment.

Changes in the amount of goodwill for the twelve months ended December 31, 2021 and 2020, are as follows:  
Workforce Solutions U.S.
Information
Solutions		 International Total
(In millions)
Balance, December 31, 2019 $ 1,023.0  $ 1,411.9  $ 1,873.4  $ 4,308.3 
Acquisitions —  6.0  52.3  58.3 
Adjustments to initial purchase price allocation 0.3  —  —  0.3 
Foreign currency translation —  —  128.9  128.9 
Balance, December 31, 2020 1,023.3  1,417.9  2,054.6  4,495.8 
Acquisitions 1,342.1  481.5  18.4  1,842.0 
Adjustments to initial purchase price allocation —  0.7  —  0.7 
Foreign currency translation —  —  (79.1) (79.1)
Divestitures —  —  (1.3) (1.3)
Balance, December 31, 2021 $ 2,365.4  $ 1,900.1  $ 1,992.6  $ 6,258.1 

Indefinite-Lived Intangible Assets.  Indefinite-lived intangible assets consist of indefinite-lived reacquired rights representing the value of rights which we had granted to various affiliate credit reporting agencies that were reacquired in the U.S. and Canada. At the time we acquired these agreements, they were considered perpetual in nature under the accounting guidance in place at that time and, therefore, the useful lives are considered indefinite. Indefinite-lived intangible assets are not amortized. We are required to test indefinite-lived intangible assets for impairment annually and whenever events or circumstances indicate that there may be an impairment of the asset value. We perform our annual indefinite-lived intangible asset impairment test as of September 30. Our 2021 annual impairment test completed during the third quarter of 2021 resulted in no impairment of indefinite-lived intangible assets. As of December 31, 2021 and 2020, these assets were approximately $94.9 million.
Purchased Intangible Assets.  Purchased intangible assets, net, recorded on our Consolidated Balance Sheets at December 31, 2021 and 2020, are as follows:
  December 31, 2021 December 31, 2020
Gross Accumulated
Amortization		 Net Gross Accumulated
Amortization		 Net
Definite-lived intangible assets: (In millions)
Purchased data files $ 1,103.1  $ (466.0) $ 637.1  $ 913.7  $ (399.2) $ 514.5 
Proprietary database 710.2  (59.3) 650.9  148.6  (30.7) 117.9 
Customer relationships 805.2  (354.9) 450.3  680.1  (331.4) 348.7 
Acquired software and technology 160.0  (18.9) 141.1  115.3  (106.6) 8.7 
Trade names and other intangible assets 23.9  (12.6) 11.3  14.4  (9.4) 5.0 
Non-compete agreements 11.0  (3.7) 7.3  6.5  (3.5) 3.0 
Total definite-lived intangible assets $ 2,813.4  $ (915.4) $ 1,898.0  $ 1,878.6  $ (880.8) $ 997.8 
               
Amortization expense related to purchased intangible assets was $176.4 million, $141.8 million, and $140.1 million during the twelve months ended December 31, 2021, 2020, and 2019, respectively.
 
Estimated future amortization expense related to definite-lived purchased intangible assets at December 31, 2021 is as follows:
Years ending December 31, Amount
  (In millions)
2022 $ 225.8 
2023 218.2 
2024 207.4 
2025 204.2 
2026 192.9 
Thereafter 849.5 
  $ 1,898.0