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Intangible Assets and Goodwill | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | 5. Intangible Assets and Goodwill The following table summarizes the carrying amount of intangible assets as of March 31, 2023 and December 31, 2022:
| As of
| March 31, 2023 |  | December 31, 2022
| (Dollars in millions)
Acquired contractual rights | $ | 921.7 |  |  | $ | 920.2 |
Accumulated amortization | (159.3) |  |  | (126.3) |
Finite-lived intangible assets, net | 762.4 |  |  | 793.9 |
Goodwill | 104.0 |  |  | 103.9 |
Intangible Assets, net | $ | 866.4 |  |  | $ | 897.8 |
As discussed in Note 2, 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, and considers factors including, but not limited to, expected cash flows from its interest in future management fees and the ability to raise new funds. No impairment losses were recorded during the three months ended March 31, 2023. During the three months ended March 31, 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. Intangible asset amortization expense was $32.8 million and $4.9 million for the three months ended March 31, 2023 and 2022, 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 2023 through 2027 and thereafter (Dollars in millions):
2023 (excluding the three months ended March 31, 2023) | $ | 98.6 |
2024 | 131.5 |
2025 | 131.4 |
2026 | 131.3 |
2027 | 121.2 |
Thereafter | 148.4 |
| $ | 762.4 |

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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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