Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2025

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):

	Golf Equipment		Active Lifestyle		Total
Balance at December 31, 2024	$	530.3	$	89.9	$	620.2
Reclassified to assets held for sale(1)	—		(1.7)		(1.7)
Foreign currency translation and other	0.4		0.1		0.5
Balance at March 31, 2025	$	530.7	$	88.3	$	619.0
(1) Represents goodwill associated with the Jack Wolfskin business classified as held for sale as of March 31, 2025 (see Note 18).

Schedule of Intangible Assets by Major Asset Class

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

	Indefinite-lived:				Amortizing:
	Trade names and Trademarks		Liquor Licenses		Patents		Customer/ Distributor Relationships and Other		Developed Technology		Total
Useful Life (Years)	NA		NA		2-16		1-10		10
Gross as of December 31, 2024	$	1,338.7	$	10.7	$	32.5	$	75.4	$	63.4	$	1,520.7
Reclassified to assets held for sale (1)	(202.3)		—		—		(41.5)		—		(243.8)
Gross as of March 31, 2025	$	1,136.4	$	10.7	$	32.5	$	33.9	$	63.4	$	1,276.9
Accumulated amortization	—		—		(32.0)		(49.3)		(27.0)		$	(108.3)
Reclassified to assets held for sale (1)	—		—		—		27.7		—		27.7
Foreign currency and other	(26.2)		—		0.1		(3.9)		(2.4)		(32.4)
Net book value, March 31, 2025	$	1,110.2	$	10.7	$	0.6	$	8.4	$	34.0	$	1,163.9
Gross as of December 31, 2024	$	1,338.7	$	10.7	$	32.5	$	75.4	$	63.4	$	1,520.7
Accumulated amortization	—		—		(32.0)		(48.1)		(25.5)		(105.6)
Foreign currency and other	(34.8)		—		—		(4.5)		(3.2)		(42.5)
Net book value, December 31, 2024	$	1,303.9	$	10.7	$	0.5	$	22.8	$	34.7	$	1,372.6
(1) Represents intangible assets associated with the Jack Wolfskin business classified as held for sale as of March 31, 2025 (see Note 18).

Schedule of Amortization Expense Related to Intangible Assets

As of March 31, 2025, intangible asset amortization expense is expected to be incurred for the periods presented as follows (in millions):

Remainder of 2025	$	5.3
2026	7.0
2027	6.7
2028	6.4
2029	6.3
Thereafter	9.9
Total	$	41.6