Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Our identifiable intangible assets consist of the following:


(in millions)	Gross		Accumulated Amortization		Impairment		Net
As of March 31, 2024:
Permits and leasehold agreements	$	1,540.2	$	(907.7)	$	—	$	632.5
Franchise agreements(a)	944.0		(428.8)		(477.0)		38.2
Other intangible assets	19.4		(7.2)		—		12.2
Total intangible assets	$	2,503.6	$	(1,343.7)	$	(477.0)	$	682.9

As of December 31, 2023:
Permits and leasehold agreements	$	1,535.5	$	(893.8)	$	—	$	641.7
Franchise agreements(a)	934.8		(426.4)		(467.9)		40.5
Other intangible assets	19.5		(6.3)		—		13.2
Total intangible assets	$	2,489.8	$	(1,326.5)	$	(467.9)	$	695.4

(a)We reclassified all Prepaid MTA equipment deployment costs (see Note 16. Commitments and Contingencies) and recorded impairments in the second, third and fourth quarters of 2023, as well as the first quarter of 2024, due to the long-term outlook of our U.S. Transit and Other reporting unit.