Goodwill, Intangible and Other Long-Lived Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Intangible and Other Long-Lived Assets

The carrying amount of goodwill was $455.1 million as of December 31, 2021 and 2020.

Summarized below are the carrying values for the major classes of intangible assets:


IN MILLIONS
For the year ended December 31,		2021						2020
	Weighted- Average Remaining Life (in years)	Gross Carrying Amount		Accumulated Amortization		Total		Gross Carrying Amount		Accumulated Amortization		Total
Customer relationships	8	$	247.1	$	(174.2)	$	72.9	$	247.1	$	(163.1)	$	84.0
Trademark/tradename	3	11.5		(9.8)		1.7		11.6		(9.0)		2.6
Favorable leasehold interest	38	5.7		(2.1)		3.6		5.7		(1.6)		4.1
In-place customer leases	3	138.3		(92.8)		45.5		140.4		(74.6)		65.8
Above and below market leases	4	2.3		(1.2)		1.1		2.3		(1.0)		1.3
Total		$	404.9	$	(280.1)	$	124.8	$	407.1	$	(249.3)	$	157.8

There were no goodwill or intangible asset impairments for the years ended December 31, 2021, 2020 or 2019. The fair value of goodwill and other intangibles is substantially in excess of carrying value for the years ended December 31, 2021, 2020 and 2019.

Amortization expense for acquired intangible assets was $31.6 million, $38.9 million and $39.9 million for the years ended December 31, 2021, 2020 and 2019, respectively.

The following table presents estimated amortization expense for each of the next five years and thereafter, commencing January 1, 2022:


IN MILLIONS	Total
2022	$	29.2
2023	20.3
2024	18.6
2025	17.3
2026	9.3
Thereafter	30.1
Total	$	124.8

CyrusOne Inc. 10-K