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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets A reconciliation of goodwill and accumulated goodwill impairment losses, by reportable segment, is as follows:
(in millions) | Northeast |  | South |  | West |  | Midwest |  | Interactive |  | Other |  | Total
Balance as of December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | $ | 923.5 |  |  | $ | 236.6 |  |  | $ | 216.8 |  |  | $ | 1,116.7 |  |  | $ | 1,724.0 |  |  | $ | 87.7 |  |  | $ | 4,305.3 |
Accumulated goodwill impairment losses | (761.4) |  |  | (61.0) |  |  | (16.6) |  |  | (556.1) |  |  | — |  |  | (87.7) |  |  | (1,482.8) |
Goodwill, net | $ | 162.1 |  |  | $ | 175.6 |  |  | $ | 200.2 |  |  | $ | 560.6 |  |  | $ | 1,724.0 |  |  | $ | — |  |  | $ | 2,822.5 |
Effect of foreign currency exchange rates | — |  |  | — |  |  | — |  |  | — |  |  | (22.9) |  |  | — |  |  | (22.9) |
Balance as of June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | $ | 923.5 |  |  | $ | 236.6 |  |  | $ | 216.8 |  |  | $ | 1,116.7 |  |  | $ | 1,701.1 |  |  | $ | 87.7 |  |  | $ | 4,282.4 |
Accumulated goodwill impairment losses | (761.4) |  |  | (61.0) |  |  | (16.6) |  |  | (556.1) |  |  | — |  |  | (87.7) |  |  | (1,482.8) |
Goodwill, net | $ | 162.1 |  |  | $ | 175.6 |  |  | $ | 200.2 |  |  | $ | 560.6 |  |  | $ | 1,701.1 |  |  | $ | — |  |  | $ | 2,799.6 |
There were no impairment charges recorded to goodwill during the three and six months ended June 30, 2022 and 2021. The table below presents the gross carrying amount, accumulated amortization, and net carrying amount of each major class of other intangible assets:
| June 30, 2022 |  | December 31, 2021
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |
Gaming licenses | $ | 1,285.4 |  |  | $ | — |  |  | $ | 1,285.4 |  |  | $ | 1,285.4 |  |  | $ | — |  |  | $ | 1,285.4 |
Trademarks | 337.0 |  |  | — |  |  | 337.0 |  |  | 338.2 |  |  | — |  |  | 338.2 |
Other | 0.7 |  |  | — |  |  | 0.7 |  |  | 0.7 |  |  | — |  |  | 0.7 |
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 114.7 |  |  | (97.7) |  |  | 17.0 |  |  | 114.9 |  |  | (91.4) |  |  | 23.5 |
Technology | 251.8 |  |  | (60.3) |  |  | 191.5 |  |  | 252.7 |  |  | (40.5) |  |  | 212.2 |
Other | 19.2 |  |  | (8.7) |  |  | 10.5 |  |  | 19.4 |  |  | (6.8) |  |  | 12.6 |
Total other intangible assets | $ | 2,008.8 |  |  | $ | (166.7) |  |  | $ | 1,842.1 |  |  | $ | 2,011.3 |  |  | $ | (138.7) |  |  | $ | 1,872.6 |
There were no impairment charges recorded to other intangible assets, net for the three and six months ended June 30, 2022 and 2021. Amortization expense related to our amortizing intangible assets was $14.9 million and $29.9 million for the three and six months ended June 30, 2022, respectively, as compared to $2.5 million and $4.7 million for the three and six months ended June 30, 2021, respectively. The following table presents the estimated amortization expense based on our amortizing intangible assets as of June 30, 2022 (in millions):
Years ending December 31, |
2022 (excluding the six months ended June 30, 2022) | $ | 28.3 |
2023 | 49.4 |
2024 | 45.4 |
2025 | 30.3 |
2026 | 23.9 |
Thereafter | 41.7 |
Total | $ | 219.0 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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