TRINET GROUP, INC. Goodwill & Intangibles Disclosure
| (in millions) | Amount | ||||
| Balance at December 31, 2023 | $ | 462 | |||
| Impairment | (1) | ||||
| Balance at December 31, 2024 | $ | 461 | |||
| Additions (Impairment) | — | ||||
| Balance at December 31, 2025 | $ | 461 | |||
| December 31, 2025 | December 31, 2024 | ||||||||||||||||||||||||||||
| (in millions) | Weighted Average Amortization Period | Gross Carrying Amount | Accumulated Amortization | Impairment Loss | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Impairment Loss | Net Carrying Amount | ||||||||||||||||||||
| Amortizable intangibles: | |||||||||||||||||||||||||||||
| Software | 4 years | 448 | (315) | — | 133 | 423 | (303) | — | 120 | ||||||||||||||||||||
| Customer relationships | 3 years | 40 | (18) | (22) | — | 45 | (20) | (24) | 1 | ||||||||||||||||||||
| Developed technology | 6 years | 56 | (36) | — | 20 | 65 | (30) | — | 35 | ||||||||||||||||||||
| Total | $ | 544 | $ | (369) | $ | (22) | $ | 153 | $ | 533 | $ | (353) | $ | (24) | $ | 156 | |||||||||||||
| Year Ended December 31, | |||||||||||
| (in millions) | 2025 | 2024 | 2023 | ||||||||
| Capitalized internally developed software costs | 63 | 78 | 69 | ||||||||
| Depreciation expense for capitalized internally developed software costs | 52 | 48 | 42 | ||||||||
| Year ending December 31: | Amount (in millions) | ||||
| 2026 | $ | 55 | |||
| 2027 | 42 | ||||
| 2028 | 24 | ||||
| 2029 | 17 | ||||
| 2030 | 10 | ||||
| 2031 and thereafter | 3 | ||||
| Total | $ | 151 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 12, 2026 | Showing above |
| 2021 | Feb 14, 2022 | |
| 2020 | Feb 16, 2021 | |
| 2019 | Feb 13, 2020 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.