Lineage, Inc.

(5)Goodwill and other intangible assets, net

Changes in the carrying amount of goodwill for each reportable segment for the nine months ended September 30, 2025 are as follows:

Goodwill is tested for impairment on an annual basis as of October 1. Interim testing is performed more frequently if events or circumstances indicate that it is more-likely-than-not that a reporting unit’s fair value is below its carrying value. Due to the sale of Spain Transportation (see Note 4, Business combinations, asset acquisitions, and divestitures) during the three months ended September 30, 2025, the Company determined that the impacted reporting unit more likely than not had a fair value below its carrying value. As such, the Company performed a quantitative impairment assessment for that reporting unit. The reporting unit’s fair value was estimated using a combination of equally weighted income approach and market approach, utilizing the discounted cash flow method and guideline public company method, respectively. The Company utilized third-party valuation specialists and used industry accepted valuation models in calculating the reporting unit’s fair value estimate. The analysis required the Company to make several estimates, including projected future revenue growth, operating costs and profitability, capital requirements, and discount rate, which are Level 3 unobservable inputs in the fair value hierarchy. Significant increases or decreases in these projections, which have a net impact on the estimated cash flows, would have resulted in significantly lower or higher fair value measurement. Other inputs included market EBITDA (defined as earnings before interest, taxes, depreciation, and amortization) multiples, which are based on publicly available data of similar companies.

Based on the results of the quantitative assessment, the Company recorded a $28 million goodwill impairment for the three and nine months ended September 30, 2025, which is presented in Restructuring, impairment, and (gain) loss on disposals on the condensed consolidated statements of operations and comprehensive income (loss). No impairment was identified or recognized for the three or nine months ended September 30, 2024.

The following are the Company’s total other intangible assets:

During thenine months ended September 30, 2025, the Company derecognized fully-amortized intangible assets and the associated accumulated amortization totaling$21 million. The Company didnot derecognize any fully-amortized intangible assets during the three months ended September 30, 2025. During the three and nine months ended September 30, 2024, the Company derecognized fully-amortized intangible assets and associated accumulated amortization totaling $2 million and $22 million, respectively.

Customer relationships and other intangible assets acquired during the nine months ended September 30, 2025 have a weighted-average amortization period of 10 years and 3 years, respectively.