XML 48 R32.htm IDEA: XBRL DOCUMENT v3.24.0.1
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by Reportable Business Segment
The following summarizes the Company's goodwill by segment:
(in millions) North AmericaInternationalConsolidated
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 
Foreign currency translation adjustments and other2.4 18.6 21.0 
Balance as of December 31, 2023$609.7 $473.6 $1,083.3 
Schedule of Finite-Lived Intangible Assets
The following table summarizes information relating to the Company’s other intangible assets, net:
($ in millions)
December 31, 2023December 31, 2022
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
$687.2 $— $687.2 $679.3 $— $679.3 
Amortized intangible assets:
Contractual distributor relationships
1585.4 (61.4)24.0 84.9 55.4 29.5 
Technology and other
4-10
90.7 (90.7)— 90.5 89.0 1.5 
Patents, other trademarks and other trade names
5-20
27.6 (25.1)2.5 27.4 23.8 3.6 
Customer databases, relationships and reacquired rights
2-5
34.5 (33.4)1.1 33.9 32.0 1.9 
Total
$925.4 $(210.6)$714.8 $916.0 $200.2 $715.8 
Schedule of Indefinite-Lived Intangible Assets
The following table summarizes information relating to the Company’s other intangible assets, net:
($ in millions)
December 31, 2023December 31, 2022
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
$687.2 $— $687.2 $679.3 $— $679.3 
Amortized intangible assets:
Contractual distributor relationships
1585.4 (61.4)24.0 84.9 55.4 29.5 
Technology and other
4-10
90.7 (90.7)— 90.5 89.0 1.5 
Patents, other trademarks and other trade names
5-20
27.6 (25.1)2.5 27.4 23.8 3.6 
Customer databases, relationships and reacquired rights
2-5
34.5 (33.4)1.1 33.9 32.0 1.9 
Total
$925.4 $(210.6)$714.8 $916.0 $200.2 $715.8 
Expected Future Amortization Expense
Estimated annual amortization of intangible assets is expected to be as follows for the years ending December 31:
(in millions)
2024$7.0 
20256.1 
20266.1 
20276.0 
20281.3 
Thereafter1.1 
Total$27.6