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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 6. GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill, by segment, is composed of the following:
(in millions) | Live and Historical Racing |  | TwinSpires |  | Gaming |  | All Other |  | Total
Balances as of December 31, 2022 | $ | 280.3 |  |  | $ | 152.2 |  |  | $ | 290.3 |  |  | $ | 1.0 |  |  | $ | 723.8 |
Additions | 95.9 |  |  | 81.2 |  |  | — |  |  | — |  |  | 177.1 |
Adjustments | — |  |  | — |  |  | — |  |  | (1.0) |  |  | (1.0) |
Balances as of September 30, 2023 | $ | 376.2 |  |  | $ | 233.4 |  |  | $ | 290.3 |  |  | $ | — |  |  | $ | 899.9 |
Goodwill of $177.1 million related to the Exacta Transaction was recognized as of September 30, 2023, of which $95.9 million was allocated to the Live and Historical Racing segment and $81.2 million was allocated to the TwinSpires segment. The goodwill related to the Exacta Transaction is deductible for tax purposes. Refer to Note 3, Acquisitions for further information on the transaction. We performed our annual goodwill impairment analysis as of April 1, 2023, and no adjustment to the carrying value of goodwill was required. We assessed goodwill for impairment by performing qualitative or quantitative analyses for each reporting unit. We concluded that the fair values of our reporting units exceeded their carrying values, and therefore no impairments were identified. Other intangible assets are comprised of the following:
| September 30, 2023 |  | December 31, 2022
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-lived intangible assets | $ | 95.8 |  |  | $ | (25.6) |  |  | $ | 70.2 |  |  | $ | 31.0 |  |  | $ | (21.4) |  |  | $ | 9.6 |
Indefinite-lived intangible assets |  |  |  |  | 2,347.1 |  |  |  |  |  |  | 2,382.2 |
Total |  |  |  |  | $ | 2,417.3 |  |  |  |  |  |  | $ | 2,391.8 |
We established definite-lived intangible assets of $54.3 million for the technology asset, customer relationships, trademark and other intangibles related to the Exacta Transaction. Refer to Note 3, Acquisitions for further information on the transaction. We performed our annual indefinite-lived intangible assets impairment analysis as of April 1, 2023. We assessed our indefinite-lived intangible assets for impairment by performing qualitative or quantitative analyses for each asset. Based on the results of these analyses, no indefinite-lived intangible asset impairments were identified in connection with our annual impairment testing. Refer to Note 5, Asset Impairments, for information regarding the intangible asset impairment recognized during the second quarter of 2023.

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