XML 27 R13.htm IDEA: XBRL DOCUMENT v3.22.4

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

The following summarizes the Company's goodwill by segment:

(in millions)			North America						International						Consolidated
Balance as of December 31, 2020			$	610.3					$	156.0					$	766.3
Goodwill resulting from acquisitions			—						357.1						357.1
Foreign currency translation adjustments and other			1.2						(17.2)						(16.0)
Balance as of December 31, 2021			$	611.5					$	495.9					$	1,107.4
Foreign currency translation adjustments and other			(4.2)						(40.9)						(45.1)
Balance as of December 31, 2022			$	607.3					$	455.0					$	1,062.3

The following table summarizes information relating to the Company’s other intangible assets, net:

($ in millions)									December 31, 2022																		December 31, 2021
			Useful Lives (Years)						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Unamortized indefinite life intangible assets:
Trade names									$	679.3											$	679.3					$	698.0											$	698.0
Amortized intangible assets:
Contractual distributor relationships			15						84.9						55.4						29.5						85.8						50.3						35.5
Technology and other			4-10						90.5						89.0						1.5						91.2						82.7						8.5
Patents, other trademarks and other trade names			5-20						27.4						23.8						3.6						28.1						22.8						5.3
Customer databases, relationships and reacquired rights			2-5						33.9						32.0						1.9						34.6						31.0						3.6
Total									$	916.0					$	200.2					$	715.8					$	937.7					$	186.8					$	750.9

Amortization expense relating to intangible assets for the Company was $15.7 million, $16.3 million and $16.5 million for the years ended December 31, 2022, 2021 and 2020, respectively, and is recorded in general, administrative and other expenses in the Company's Consolidated Statements of Income. No impairments of goodwill or other intangible assets have adjusted the gross carrying amount of these assets in any period.

Estimated annual amortization of intangible assets is expected to be as follows for the years ending December 31:

(in millions)
2023			$	10.3
2024			6.6
2025			5.9
2026			5.8
2027			5.8
Thereafter			2.1
Total			$	36.5

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration