Lineage, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 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.
Jun 30, 2025 · Filed Aug 6, 2025
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Goodwill and other intangible assets, net
(6)Goodwill and other intangible assets, net
Changes in the carrying amount of goodwill for each reportable segment for the six months ended June 30, 2025 are as follows:
| (in millions) | Global Warehousing | Global Integrated Solutions | Total |
|---|---|---|---|
| Balance as of December 31, 2024 | $2,704 | $634 | $3,338 |
| Goodwill acquired | 11 | — | 11 |
| Measurement period adjustments (1) | 1 | — | 1 |
| Foreign currency translation and other | 134 | 21 | 155 |
| Balance as of June 30, 2025 | $2,850 | $655 | $3,505 |
| (1) Primarily 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:
| June 30, 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 | $1,512 | $(465) | $1,047 | $1,445 | $(418) | $1,027 | 5 - 28 |
| In-place leases | 88 | (21) | 67 | 89 | (21) | 68 | 4 - 31 |
| Technology | 32 | (10) | 22 | 32 | (8) | 24 | 10 |
| Trade names | 9 | (7) | 2 | 9 | (7) | 2 | 1 - 15 |
| Other | 28 | (16) | 12 | 18 | (12) | 6 | 3 - 17 |
| Other intangible assets | $1,669 | $(519) | $1,150 | $1,593 | $(466) | $1,127 | |
During the three andsix months ended June 30, 2025, the Company derecognized fully-amortized intangible assets and the associated accumulated amortization totaling$9 million and $21 million, respectively. During the three and six months ended June 30, 2024, the Company derecognized fully-amortized intangible assets and associated accumulated amortization totaling $5 million and $20 million, respectively.
Customer relationships and other intangible assets acquired during the six months ended June 30, 2025 have a weighted-average amortization period of 10 years and 3 years, respectively.
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