Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

11.Goodwill and Other Intangible Assets

A summary of the Company's goodwill is as follows:

	U.S. Operating Segment		International Operating Segment			Total
Balance at January 1, 2024 (1)	$	1,182.9	$	68.1		$	1,251.0
Foreign currency translation adjustments		—		(5.5	)		(5.5	)
Balance at September 30, 2024 (1)	$	1,182.9	$	62.6		$	1,245.5

(1)Balances are presented net of accumulated impairment losses of $214.0 for the U.S. operating segment and $43.8 for the international operating segment. See discussion of the qualitative impairment analysis performed by the Company as of September 30, 2024 at Note 12.

A summary of the Company's intangible assets is as follows:

	Balance at January 1, 2024			Additions (1)		Amortization			Foreign Currency Translation Adjustments			Balance at September 30, 2024
Intangible assets with finite lives:
Gross carrying amount	$	77.8		$	—	$	—		$	(0.1	)	$	77.7
Accumulated amortization		(75.3	)		—		(1.5	)		—			(76.8	)
Total net intangible assets with finite lives	$	2.5		$	—	$	(1.5	)	$	(0.1	)	$	0.9
Intangible assets with indefinite lives:
Tradename and other		300.3			0.1		—			(0.1	)		300.3
Total intangible assets, net	$	302.8		$	0.1	$	(1.5	)	$	(0.2	)	$	301.2

(1)Amount represents licenses acquired to sell alcoholic beverages for certain locations.

The estimated aggregate future amortization expense for intangible assets is as follows:

	Estimated
	Amortization
For the three months ended December 31, 2024	$	0.5
For the twelve months ended December 31, 2025		0.4
Total	$	0.9