v3.25.2
GOODWILL AND OTHER INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
The changes in the carrying value of goodwill for each of the Company’s business segments were as follows:
 PropertyServicesTotal (1)
 U.S. & CanadaAfrica & APACEuropeLatin AmericaData Centers
Balance as of January 1, 2025$4,634.7 $516.5 $2,862.3 $832.6 $2,920.0 $2.0 $11,768.1 
Other (1)— (6.1)— — — — (6.1)
Effect of foreign currency translation2.5 16.4 396.5 68.1 — — 483.5 
Balance as of June 30, 2025$4,637.2 $526.8 $3,258.8 $900.7 $2,920.0 $2.0 $12,245.5 
_______________
(1)Other represents the goodwill associated with the sale of South Africa Fiber, which was sold during the six months ended June 30, 2025.
The Company’s other intangible assets subject to amortization consisted of the following:
  As of June 30, 2025As of December 31, 2024
 Estimated Useful
Lives (years)		Gross
Carrying
Value		Accumulated
Amortization		Net Book
Value		Gross
Carrying
Value		Accumulated
Amortization		Net Book
Value
Acquired network location intangibles (1)
Up to 30
$5,551.6 $(2,758.5)$2,793.1 $5,365.4 $(2,659.8)$2,705.6 
Acquired tenant-related intangibles
Up to 30
18,597.4 (7,288.0)11,309.4 17,666.0 (6,823.7)10,842.3 
Acquired licenses and other intangibles
2-30
1,384.4 (523.8)860.6 1,406.8 (480.4)926.4 
Total other intangible assets$25,533.4 $(10,570.3)$14,963.1 $24,438.2 $(9,963.9)$14,474.3 
_______________
(1)Acquired network location intangibles are amortized over the remaining estimated useful life of the tower, taking into account residual value, generally up to 30 years, as the Company considers these intangibles to be directly related to the tower assets.
The acquired network location intangibles represent the value to the Company of the incremental revenue growth that could potentially be obtained from leasing the excess capacity on acquired tower communications infrastructure. The acquired tenant-related intangibles typically represent the value to the Company of tenant contracts and relationships in place at the time of an acquisition or similar transaction, including assumptions regarding estimated renewals. Other intangibles represent the value of acquired licenses, trade name and in place leases. In place lease value represents the fair value of costs avoided in securing data center customers, including vacancy periods, legal costs and commissions. In
place lease value also includes assumptions on similar costs avoided upon the renewal or extension of existing leases on a basis consistent with occupancy assumptions used in the fair value of other assets.
The Company amortizes its acquired intangible assets on a straight-line basis over their estimated useful lives. As of June 30, 2025, the remaining weighted average amortization period of the Company’s intangible assets was 20 years. Amortization of intangible assets for the three and six months ended June 30, 2025 was $218.9 million and $433.0 million, respectively. Amortization of intangible assets for the three and six months ended June 30, 2024 was $224.2 million and $453.6 million, respectively. Based on current exchange rates, the Company expects to record amortization expense as follows over the remainder of the current year and the five subsequent years:
Fiscal YearAmount
Remainder of 2025$443.3 
2026852.2 
2027834.5 
2028824.7 
2029808.1 
2030796.5