|12 Months Ended|
Dec. 31, 2022
Goodwill represents the excess of the purchase price over the fair value of net assets of businesses acquired. The carrying amount of goodwill was $846.7 million as of December 31, 2022 and $786.5 million as of December 31, 2021. Goodwill increased for the year ended December 31, 2022 primarily due to acquisitions. The carrying amount of goodwill in foreign countries was $97.4 million as of December 31, 2022 and $82.1 million as of December 31, 2021.
The changes in the carrying amount of goodwill for the twelve months ended December 31, 2022 and 2021 were as follows:
The carrying amount of goodwill as of December 31, 2021 and 2020 reflects the adjustment of $64,685 to correct prior periods. See Note 1, Basis of Presentation, for further information on the prior period adjustments recorded.
The entire disclosure for goodwill.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef