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Intangible Assets and Goodwill | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | 7. Intangible Assets and Goodwill The following table summarizes the carrying amount of intangible assets as of June 30, 2022 and December 31, 2021:
| As of
| June 30, 2022 |  | December 31, 2021
| (Dollars in millions)
Acquired contractual rights | $ | 832.6 |  |  | $ | 48.0 |
Accumulated amortization | (60.9) |  |  | (26.4) |
Finite-lived intangible assets, net | 771.7 |  |  | 21.6 |
Goodwill | 12.7 |  |  | 13.3 |
Intangible Assets, net | $ | 784.4 |  |  | $ | 34.9 |
As discussed in Note 3, the Company reviews its intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. No impairment losses were recorded during the three months ended June 30, 2022. During the six months ended June 30, 2022, the Company recorded an impairment charge of $4.0 million on certain acquired contractual rights related to Carlyle Aviation Partners as a result of impaired income streams from aircraft under lease in Russia. No impairment losses were recorded during the three and six months ended June 30, 2021. Intangible asset amortization expense was $29.7 million and $3.3 million for the three months ended June 30, 2022 and 2021, respectively, and $38.6 million and $6.6 million for the six months ended June 30, 2022 and 2021, respectively, and is included in general, administrative, and other expenses in the unaudited condensed consolidated statements of operations. Certain intangible assets are held by entities of which the functional currency is not the U.S. dollar. Any corresponding currency translation is recorded in other comprehensive income. The following table summarizes the expected amortization expense for 2022 through 2026 and thereafter (Dollars in millions):
2022 (excluding the six months ended June 30, 2022) | $ | 59.2 |
2023 | 116.3 |
2024 | 116.3 |
2025 | 116.3 |
2026 | 116.3 |
Thereafter | 247.3 |
| $ | 771.7 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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