TransUnion

6. Goodwill

Our reporting units consist of U.S. Markets and Consumer Interactive within our U.S. Markets segment, and the geographic regions of the United Kingdom, Africa, Canada, Latin America, India and Asia Pacific within our International reportable segment.

For our 2024 annual goodwill impairment test, we performed a qualitative test on certain reporting units and elected to bypass the qualitative test and performed a quantitative test for other reporting units. We considered a variety of factors in our decision to perform a qualitative assessment for certain reporting units, including but not limited to, macro-economic conditions, share price performance, financial performance of each reporting unit, and the results of the most recent quantitative assessment. The results of our qualitative tests did not identify any factors that suggest it was more likely than not the fair value of any of these reporting units was less than its carrying value. For all of the reporting units subject to a quantitative test, including the United Kingdom reporting unit, the fair value exceeded the carrying value by more than 10%.

Aside from the segment reorganization in the first quarter of 2024 discussed in Note 1, “Significant Accounting Policies” there have been no triggering events during 2024 that have required us to re-evaluate whether any of our reporting units were impaired.

During the three months ended September 30, 2023, the worsening macroeconomic conditions from inflationary pressures and rising interest rates increasingly impacted our United Kingdom business for the third quarter and the near-term outlook, creating a triggering event that required an interim impairment assessment which resulted in a goodwill impairment of $414.0 million for our United Kingdom reporting unit. Other than the United Kingdom impairment charge recorded in the third quarter of 2023 there were no impairment charges recorded in 2024, 2023 or 2022.

Goodwill allocated to our reportable segments as of December 31, 2024 and 2023, and the changes in the carrying amount of goodwill during the periods, which includes a reallocation of goodwill using the relative fair value allocation approach, consisted of the following:

The gross and net goodwill balances, taking into consideration the reorganization discussed above, at each period were as follows: