Lineage, Inc.
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 30, 2025
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Goodwill and other intangible assets, net
(5)Goodwill and other intangible assets, net
Changes in the carrying amount of goodwill for each reportable segment for the three months ended March 31, 2025 are as follows:
| (in millions) | Global Warehousing | Global Integrated Solutions | Total |
|---|---|---|---|
| Balance as of December 31, 2024 | $2,704 | $634 | $3,338 |
| Measurement period adjustments (1) | 2 | — | 2 |
| Foreign currency translation and other | 33 | 6 | 39 |
| Balance as of March 31, 2025 | $2,739 | $640 | $3,379 |
(1) Related to ColdPoint Logistics Warehouse, LLC and ColdPoint Logistics Real Estate, LLC (collectively referred to as “ColdPoint Logistics”).
The following are the Company’s total other intangible assets as of:
| March 31, 2025 · December 31, 2024 | |||||||
|---|---|---|---|---|---|---|---|
| (in millions) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Useful Life (Years) |
| Customer relationships | $1,454 | $(435) | $1,019 | $1,445 | $(418) | $1,027 | 5 - 28 |
| In-place leases | 89 | (22) | 67 | 89 | (21) | 68 | 3 - 31 |
| Technology | 32 | (9) | 23 | 32 | (8) | 24 | 10 |
| Trade names | 9 | (7) | 2 | 9 | (7) | 2 | 1 - 15 |
| Other | 19 | (14) | 5 | 18 | (12) | 6 | 5 - 17 |
| Other intangible assets | $1,603 | $(487) | $1,116 | $1,593 | $(466) | $1,127 | |
During thethree months ended March 31, 2025 and 2024, the Company derecognized fully-amortized intangible assets and the associated accumulated amortization totaling $12 million and $15 million, respectively.
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