| Schedule of Change in Carrying Value of Goodwill |
The change in the carrying value of goodwill was as follows (in thousands): | | | | | | | | | Balance at December 31, 2021 | $ | 519,276 | | | | | Acquisitions | 11,761,866 | | | | | Foreign currency translation adjustments | (314,381) | | | | | Balance at December 31, 2022 | 11,966,761 | | | | | Acquisitions | 7,921 | | | | | Foreign currency translation adjustments | 77,351 | | | | | Impairment charge | (132,313) | | | | | Balance at December 31, 2023 | $ | 11,919,720 | | | |
The change in the carrying value of goodwill allocated to the reportable segments was as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Cash App | | Square | | Corporate and Other | | Total | | Balance at December 31, 2021 | $ | 128,334 | | | $ | 193,057 | | | $ | 197,885 | | | $ | 519,276 | | | Acquisitions | 5,882,133 | | | 5,879,733 | | | — | | | 11,761,866 | | | Foreign currency translation adjustments | (157,537) | | | (156,844) | | | — | | | (314,381) | | | Balance at December 31, 2022 | 5,852,930 | | | 5,915,946 | | | 197,885 | | | 11,966,761 | | | Acquisitions | — | | | — | | | 7,921 | | | 7,921 | | | Foreign currency translation adjustments | 77,351 | | | — | | | — | | | 77,351 | | Reallocation between segments (i) | 720,847 | | | (720,847) | | | — | | | — | | | Impairment charge | — | | | — | | | (132,313) | | | (132,313) | | | Balance at December 31, 2023 | $ | 6,651,128 | | | $ | 5,195,099 | | | $ | 73,493 | | | $ | 11,919,720 | |
(i) Represents effects of the reallocation of goodwill due to the reorganization of the Company's business structure in the fourth quarter of 2023.
|