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Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2024

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, 2022			$	607.3					$	455.0					$	1,062.3
Foreign currency translation adjustments and other			2.4						18.6						21.0
Balance as of December 31, 2023			$	609.7					$	473.6					$	1,083.3
Foreign currency translation adjustments and other			(6.6)						(10.0)						(16.6)
Balance as of December 31, 2024			$	603.1					$	463.6					$	1,066.7

The International segment includes the Dreams and International reporting units, which had goodwill of $318.7 million and $144.9 million, respectively, as of December 31, 2024.

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

($ in millions)									December 31, 2024																		December 31, 2023
			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									$	680.1					$	—					$	680.1					$	687.2					$	—					$	687.2
Amortized intangible assets:
Contractual distributor relationships			15						84.1						(66.1)						18.0						85.4						(61.4)						24.0
Technology and other			4-10						89.7						(89.7)						—						90.7						(90.7)						—
Patents, other trademarks and other trade names			5-20						27.2						(25.1)						2.1						27.6						(25.1)						2.5
Customer databases, relationships and reacquired rights			2-5						33.2						(32.9)						0.3						34.5						(33.4)						1.1
Total									$	914.3					$	(213.8)					$	700.5					$	925.4					$	(210.6)					$	714.8

Amortization expense relating to intangible assets for the Company was $6.9 million, $9.3 million and $15.7 million for the years ended December 31, 2024, 2023 and 2022, 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)
2025			$	5.9
2026			5.9
2027			5.8
2028			1.4
2029			0.3
Thereafter			1.1
Total			$	20.4

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- References

No definition available.

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

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