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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in goodwill
The changes in the gross carrying value of goodwill and accumulated impairment losses are presented in the table below by segment.
 Americas
EMEA&APAC (1)
Consolidated
(In millions)
Gross carrying value of goodwill$6,846.4 $1,569.1 $8,415.5 
Accumulated impairment losses(695.4)(1,569.1)(2,264.5)
Balance as of December 31, 2020$6,151.0 $— $6,151.0 
Foreign currency translation, net1.6 — 1.6 
Gross carrying value of goodwill6,852.9 1,517.2 8,370.1 
Accumulated impairment losses(700.3)(1,517.2)(2,217.5)
Balance as of December 31, 2021$6,152.6 $— $6,152.6 
Impairments(845.0)— (845.0)
Foreign currency translation, net(15.7)— (15.7)
Gross carrying value of goodwill6,790.4 1,387.6 8,178.0 
Accumulated impairment losses(1,498.5)(1,387.6)(2,886.1)
Balance as of December 31, 2022$5,291.9 $— $5,291.9 
(1)The EMEA&APAC goodwill balance was fully impaired during the year ended December 31, 2020. Subsequent changes in the gross carrying value of goodwill and accumulated impairment loss balances are due to fluctuations in foreign exchange rates, which are presented net in the table above, as well as an immaterial write-off related to the disposal of our India entity in 2022.
Schedule of finite-lived intangible assets
The following table presents details of our intangible assets, other than goodwill, as of December 31, 2022:
Useful lifeGrossAccumulated
amortization
Net
 (Years)(In millions)
Intangible assets subject to amortization    
Brands
10 - 50
$4,861.1 $(1,416.7)$3,444.4 
License agreements and distribution rights
15 - 20
200.0 (108.0)92.0 
Other
5 - 40
88.8 (27.7)61.1 
Intangible assets not subject to amortization    
BrandsIndefinite8,148.6 — 8,148.6 
Distribution networksIndefinite746.4 — 746.4 
OtherIndefinite307.6 — 307.6 
Total $14,352.5 $(1,552.4)$12,800.1 
The following table presents details of our intangible assets, other than goodwill, as of December 31, 2021:
Useful lifeGrossAccumulated
amortization
Net
 (Years)(In millions)
Intangible assets subject to amortization    
Brands
10 - 50
$5,081.8 $(1,267.1)$3,814.7 
License agreements and distribution rights
15 - 20
206.8 (107.2)99.6 
Other
3 - 40
98.5 (32.0)66.5 
Intangible assets not subject to amortization    
BrandsIndefinite8,197.9 — 8,197.9 
Distribution networksIndefinite800.5 — 800.5 
OtherIndefinite307.6 — 307.6 
Total $14,693.1 $(1,406.3)$13,286.8 
Schedule of indefinite-Lived intangible assets
The following table presents details of our intangible assets, other than goodwill, as of December 31, 2022:
Useful lifeGrossAccumulated
amortization
Net
 (Years)(In millions)
Intangible assets subject to amortization    
Brands
10 - 50
$4,861.1 $(1,416.7)$3,444.4 
License agreements and distribution rights
15 - 20
200.0 (108.0)92.0 
Other
5 - 40
88.8 (27.7)61.1 
Intangible assets not subject to amortization    
BrandsIndefinite8,148.6 — 8,148.6 
Distribution networksIndefinite746.4 — 746.4 
OtherIndefinite307.6 — 307.6 
Total $14,352.5 $(1,552.4)$12,800.1 
The following table presents details of our intangible assets, other than goodwill, as of December 31, 2021:
Useful lifeGrossAccumulated
amortization
Net
 (Years)(In millions)
Intangible assets subject to amortization    
Brands
10 - 50
$5,081.8 $(1,267.1)$3,814.7 
License agreements and distribution rights
15 - 20
206.8 (107.2)99.6 
Other
3 - 40
98.5 (32.0)66.5 
Intangible assets not subject to amortization    
BrandsIndefinite8,197.9 — 8,197.9 
Distribution networksIndefinite800.5 — 800.5 
OtherIndefinite307.6 — 307.6 
Total $14,693.1 $(1,406.3)$13,286.8 
Schedule of estimated amortization expense related to intangible assets
Based on foreign exchange rates as of December 31, 2022, the estimated future amortization expense of intangible assets is as follows:
YearAmount
 (In millions)
2023$204.1 
2024$202.7 
2025$202.7 
2026$184.2 
2027$119.8