| Goodwill and Other Intangible Assets |
Note 8 — Goodwill and Other Intangible Assets The components of goodwill are outlined below for the nine months ended September 30, 2026:
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|
|
|
|
|
|
|
|
|
|
|
HWC |
|
|
R&B |
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Total |
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Balance at December 31, 2025: |
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|
|
|
|
|
|
|
Goodwill, gross |
|
$ |
7,317 |
|
|
$ |
2,894 |
|
|
$ |
10,211 |
|
Accumulated impairment losses |
|
|
(911 |
) |
|
|
(362 |
) |
|
|
(1,273 |
) |
Goodwill, net - December 31, 2025 |
|
|
6,406 |
|
|
|
2,532 |
|
|
|
8,938 |
|
Goodwill acquired |
|
|
534 |
|
|
|
346 |
|
|
|
880 |
|
Goodwill disposals |
|
|
(9 |
) |
|
|
— |
|
|
|
(9 |
) |
Foreign exchange |
|
|
(12 |
) |
|
|
(19 |
) |
|
|
(31 |
) |
Balance at September 30, 2026: |
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|
|
|
|
|
|
|
|
Goodwill, gross |
|
|
7,830 |
|
|
|
3,221 |
|
|
|
11,051 |
|
Accumulated impairment losses |
|
|
(911 |
) |
|
|
(362 |
) |
|
|
(1,273 |
) |
Goodwill, net - September 30, 2026 |
|
$ |
6,919 |
|
|
$ |
2,859 |
|
|
$ |
9,778 |
|
Other Intangible Assets The following table reflects changes in the net carrying amounts of the components of finite-lived intangible assets for the nine months ended September 30, 2026:
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|
|
|
|
|
Client relationships |
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|
Software |
|
|
Trademark and trade name |
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|
Other |
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Total |
|
Balance at December 31, 2025: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets, gross |
|
$ |
3,239 |
|
|
$ |
750 |
|
|
$ |
1,041 |
|
|
$ |
29 |
|
|
$ |
5,059 |
|
Accumulated amortization |
|
|
(2,710 |
) |
|
|
(749 |
) |
|
|
(430 |
) |
|
|
(29 |
) |
|
|
(3,918 |
) |
Intangible assets, net - December 31, 2025 |
|
|
529 |
|
|
|
1 |
|
|
|
611 |
|
|
|
— |
|
|
|
1,141 |
|
Intangible assets acquired |
|
|
318 |
|
|
|
104 |
|
|
|
4 |
|
|
|
30 |
|
|
|
456 |
|
Amortization |
|
|
(120 |
) |
|
|
(10 |
) |
|
|
(32 |
) |
|
|
— |
|
|
|
(162 |
) |
Foreign exchange |
|
|
(3 |
) |
|
|
(1 |
) |
|
|
— |
|
|
|
— |
|
|
|
(4 |
) |
Balance at September 30, 2026: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets, gross |
|
|
3,528 |
|
|
|
849 |
|
|
|
1,044 |
|
|
|
59 |
|
|
|
5,480 |
|
Accumulated amortization |
|
|
(2,804 |
) |
|
|
(755 |
) |
|
|
(461 |
) |
|
|
(29 |
) |
|
|
(4,049 |
) |
Intangible assets, net - September 30, 2026 |
|
$ |
724 |
|
|
$ |
94 |
|
|
$ |
583 |
|
|
$ |
30 |
|
|
$ |
1,431 |
|
The weighted-average remaining life of amortizable intangible assets at September 30, 2026 was 10.1 years. The table below reflects the future estimated amortization expense for amortizable intangible assets for the remainder of 2026 and for subsequent years:
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|
|
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Amortization |
|
Remainder of 2026 |
|
$ |
57 |
|
2027 |
|
|
212 |
|
2028 |
|
|
197 |
|
2029 |
|
|
175 |
|
2030 |
|
|
157 |
|
Thereafter |
|
|
633 |
|
Total |
|
$ |
1,431 |
|
|