XML 31 R18.htm IDEA: XBRL DOCUMENT v3.22.4
Intangible Assets and Liabilities
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Liabilities Intangible Assets and Liabilities
The Company has several types of intangible assets and liabilities included in its Consolidated Balance Sheets, including goodwill, debt issuance costs, above-, below-, and at-market lease intangibles, and customer relationship intangibles. For additional detail on the Company's debt issuance costs, see Note 10 to the Consolidated Financial Statements. The Company’s intangible assets and liabilities, including assets held for sale and excluding certain debt issuance costs, as of December 31, 2022 and 2021 consisted of the following:
 GROSS BALANCE
at December 31,
ACCUMULATED AMORTIZATION
at December 31,
WEIGHTED AVG.
REMAINING LIFE
in years
BALANCE SHEET CLASSIFICATION
Dollars in millions2022202120222021
Goodwill$223.2 $3.5 $— $— N/AGoodwill
Credit facility debt issuance costs6.9 5.1 0.9 3.3 2.9Other assets, net
Above-market lease intangibles (lessor)91.5 7.0 10.7 2.0 5.3Other assets, net
Customer relationship intangibles (lessor)2.1 2.1 1.0 0.9 20.6Other assets, net
Below-market lease intangibles (lessor)(112.5)(10.1)(14.6)(5.1)5.7Other liabilities
At-market lease intangibles1,067.4 213.0 188.3 77.5 5.2Real estate properties
$1,278.6 $220.6 $186.3 $78.6 5.3
For the years ended December 31, 2022 and 2021, the Company recognized approximately $133.6 million and $33.7 million of intangible amortization, respectively.
The following table represents expected amortization over the next five years of the Company’s intangible assets and liabilities in place as of December 31, 2022:
Dollars in millionsFUTURE AMORTIZATION OF INTANGIBLES, NET
2023$233.8 
2024197.9 
2025151.1 
202697.6 
202764.3