| Intangible Asset, Indefinite-Lived |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 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 relationships | 1,518,020 | | | (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 assets | 8,781,876 | | | (5,308,202) | | | 3,473,674 | | | 8,472,803 | | | (4,987,807) | | | 3,484,996 | | | | | | | | | | | | | | | Indefinite-lived intangible assets: | | | | | | | | | | | | | Trade name | 1,333,000 | | | — | | | 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.
|
| Intangible Asset, Finite-Lived |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 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 relationships | 1,518,020 | | | (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 assets | 8,781,876 | | | (5,308,202) | | | 3,473,674 | | | 8,472,803 | | | (4,987,807) | | | 3,484,996 | | | | | | | | | | | | | | | Indefinite-lived intangible assets: | | | | | | | | | | | | | Trade name | 1,333,000 | | | — | | | 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.
|