Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS AND INVESTMENTS (Tables)

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ACQUISITIONS AND INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Estimated Fair Value of Net Assets Acquired and Liabilities Assumed at Acquisition Dates The following table summarizes the final fair value of the net assets acquired and the liabilities assumed for the acquisitions occurring in 2023.
(In millions)
Cash $ 239.6 
Accounts receivable and other current assets 35.2 
Other assets 51.0 
Purchased intangible assets (1)
242.7 
Goodwill (2)
335.3 
Total assets acquired 903.8 
Total liabilities assumed (30.5)
Net assets acquired $ 873.3 
 
(1)Purchased intangible assets are further disaggregated in the following table.
(2)The goodwill related to the 2023 acquisitions was recognized in the International operating segments. As of December 31, 2023, an immaterial amount of the goodwill related to the 2023 acquisitions was tax deductible.
Acquired Intangible Assets Fair Value and Weighted-Average Useful Life
The primary reasons the purchase price of these acquisitions exceeded the fair value of the net assets acquired, which resulted in the recognition of goodwill, were expanded growth opportunities from new or enhanced product offerings and geographies, cost savings from the elimination of duplicative activities and the acquisition of an assembled workforce that are not recognized as assets apart from goodwill.
Intangible asset category Fair Value Weighted-average useful life
  (in millions) (in years)
Purchased data files $ 64.3  5.6
Customer relationships 172.9  10.0
Acquired software and technology 0.5  5.0
Trade names and other intangible assets 4.8  2.0
Non-compete agreements 0.2  5.0
Total acquired intangibles $ 242.7