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, 2020
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, 2020, 2019 and 2018 resulted in no impairment of goodwill.
During 2020, we acquired the remaining interest in our India joint venture whose goodwill was allocated to the International operating segment, and an acquisition for which the acquired goodwill was allocated to the USIS operating segment.

During 2019, we completed the acquisition of PayNet whose goodwill was allocated to the USIS and International operating segments, and various other acquisitions for which the acquired goodwill was allocated to the Workforce Solutions operating segment.

Changes in the amount of goodwill for the twelve months ended December 31, 2020 and 2019, are as follows:  
U.S.
Information
Solutions		 International Workforce Solutions Global Consumer Solutions Total
(In millions)
Balance, December 31, 2018 $ 1,128.9  $ 1,844.7  $ 970.2  $ 185.9  $ 4,129.7 
Acquisitions 153.7  2.1  40.1  —  195.9 
Adjustments to initial purchase price allocation (1.9) 3.1  0.1  —  1.3 
Foreign currency translation —  (20.7) —  2.1  (18.6)
Balance, December 31, 2019 1,280.7  1,829.2  1,010.4  188.0  4,308.3 
Acquisitions 6.0  52.3  —  —  58.3 
Adjustments to initial purchase price allocation —  —  0.3  —  0.3 
Foreign currency translation —  126.4  —  2.5  128.9 
Balance, December 31, 2020 $ 1,286.7  $ 2,007.9  $ 1,010.7  $ 190.5  $ 4,495.8 

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 2020 annual impairment test completed during the third quarter of 2020 resulted in no impairment of indefinite-lived intangible assets.
  Amount
  (In millions)
Balance, December 31, 2018 $ 94.8 
Foreign currency translation 0.1 
Balance, December 31, 2019 $ 94.9 
Foreign currency translation — 
Balance, December 31, 2020 $ 94.9 
Purchased Intangible Assets.  Purchased intangible assets, net, recorded on our Consolidated Balance Sheets at December 31, 2020 and 2019, are as follows:
  December 31, 2020 December 31, 2019
Gross Accumulated
Amortization		 Net Gross Accumulated
Amortization		 Net
Definite-lived intangible assets: (In millions)
Purchased data files $ 913.7  $ (399.2) $ 514.5  $ 904.0  $ (351.8) $ 552.2 
Acquired software and technology 115.3  (106.6) 8.7  110.1  (84.0) 26.1 
Customer relationships 680.1  (331.4) 348.7  673.0  (305.1) 367.9 
Reacquired rights —  —  —  —  —  — 
Proprietary database 148.6  (30.7) 117.9  108.3  (20.9) 87.4 
Non-compete agreements 6.5  (3.5) 3.0  7.8  (3.5) 4.3 
Trade names and other intangible assets 14.4  (9.4) 5.0  17.3  (10.6) 6.7 
Total definite-lived intangible assets $ 1,878.6  $ (880.8) $ 997.8  $ 1,820.5  $ (775.9) $ 1,044.6 
               
Amortization expense related to purchased intangible assets was $141.8 million, $140.1 million, and $152.8 million during the twelve months ended December 31, 2020, 2019, and 2018, respectively.
 
Estimated future amortization expense related to definite-lived purchased intangible assets at December 31, 2020 is as follows:
Years ending December 31, Amount
  (In millions)
2021 $ 130.9 
2022 124.8 
2023 123.2 
2024 114.6 
2025 114.1 
Thereafter 390.2 
  $ 997.8