v3.26.1
GOODWILL AND OTHER INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill
During the six months ended June 30, 2026, the Company recognized goodwill of $106 million in connection with the Origin AI Acquisition. Refer to Note 4 “Acquisitions and Divestitures.”
There were no material measurement period adjustments to purchase price allocations during the six months ended June 30, 2026.
Other Intangible Assets
June 30, 2026December 31, 2025
(in thousands)Gross Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount		Gross Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Definite-lived intangible assets:
Contracts and related customer relationships
$6,997,953 $(4,289,094)$2,708,859 $6,754,810 $(4,012,248)$2,742,562 
Dealer relationships1,518,020 (815,958)702,062 1,518,020 (776,413)741,607 
Other (1)
265,903 (203,150)62,753 199,973 (199,146)827 
Total definite-lived intangible assets8,781,876 (5,308,202)3,473,674 8,472,803 (4,987,807)3,484,996 
Indefinite-lived intangible assets:
Trade name1,333,000 — 1,333,000 1,333,000 — 1,333,000 
Intangible assets$10,114,876 $(5,308,202)$4,806,674 $9,805,803 $(4,987,807)$4,817,996 
________________
(1)     The balance as of June 30, 2026 includes the technology intangible related to the Origin AI Acquisition.
The change in the net carrying amount of contracts and related customer relationships during the period was as follows:
(in thousands)
Balance as of December 31, 2025$2,742,562 
Customer contract additions, net of dealer charge-backs(1)
241,143 
Origin AI Acquisition customer relationships
2,000 
Amortization(276,846)
Balance as of June 30, 2026$2,708,859 
________________
(1)     The weighted-average amortization period for customer contract additions was approximately 15 years.
Payments for customer contract additions under the Company’s authorized dealer program and from other third parties are reflected as dealer generated customer accounts and bulk account purchases on the Condensed Consolidated Statements of Cash Flows.
During the six months ended June 30, 2026, the Company completed a bulk customer account purchase for a contractual purchase price of $22 million, subject to reductions based on customer retention, and paid initial cash at closing of $18 million.
During the six months ended June 30, 2025, the Company completed a bulk customer account purchase for a contractual purchase price of $101 million, subject to reduction based on customer retention, and paid initial cash at closing of $89 million.
Definite-Lived Intangible Asset Amortization Expense
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
Definite-lived intangible asset amortization expense$160,342 $154,593 $320,395 $309,269