Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill by operating and reportable segment are as follows (in millions):

	Topgolf		Golf Equipment		Active Lifestyle		Total
Balance at December 31, 2022	$	1,363.6	$	530.3	$	89.8	$	1,983.7
Foreign currency translation and other	—		0.4		0.1		0.5
Balance at June 30, 2023	$	1,363.6	$	530.7	$	89.9	$	1,984.2

Intangible Assets by Major Asset Class

Our intangible assets by major asset class are as follows (in millions, except useful life amounts):

	Indefinite-lived:				Amortizing:
	Tradename and Trademarks		Liquor Licenses		Patents		Customer/ Distributor Relationships and Other		Developed Technology		Total
Useful Life (Years)	NA		NA		2-16		1-10		10
As of June 30, 2023
Gross	$	1,441.0	$	9.5	$	32.3	$	67.4	$	69.7	$	1,619.9
Accumulated amortization	—		—		(31.8)		(40.9)		(15.6)		(88.3)
Foreign currency translation and other	(24.4)		—		—		(3.7)		(3.1)		(31.2)
Net book value	$	1,416.6	$	9.5	$	0.5	$	22.8	$	51.0	$	1,500.4
As of December 31, 2022
Gross	$	1,441.0	$	8.9	$	32.2	$	67.4	$	69.7	$	1,619.2
Accumulated amortization	—		—		(31.8)		(35.8)		(12.2)		(79.8)
Foreign currency translation and other	(28.3)		—		—		(4.2)		(3.2)		(35.7)
Net book value	$	1,412.7	$	8.9	$	0.4	$	27.4	$	54.3	$	1,503.7

Amortization Expense Related to Intangible Assets

Amortization expense related to intangible assets at June 30, 2023 in each of the next five years and beyond is expected to be incurred as follows (in millions):

Remainder of 2023	$	5.6
2024	11.1
2025	11.1
2026	11.0
2027	10.7
Thereafter	24.8
	$	74.3