XML 43 R30.htm IDEA: XBRL DOCUMENT v3.24.0.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Activity Related to Goodwill
A summary of the changes in the carrying amount of goodwill follows (in millions):
December 31,
20232022
Balance at beginning of period$4,137.1 $3,911.8 
Acquisitions, including post acquisition adjustments225.9 269.7 
Disposals and deconsolidations(37.0)(44.4)
Balance at end of period$4,326.0 $4,137.1 
Schedule of Components of Indefinite-Lived Intangible Assets
A summary of the components of intangible assets follows (in millions):
December 31, 2023December 31, 2022
Gross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Finite-lived intangible assets:
Management rights agreements$42.8 $(12.0)$30.8 $23.9 $(10.2)$13.7 
Other30.0 (20.6)9.4 28.5 (14.9)13.6 
Total finite-lived intangible assets72.8 (32.6)40.2 52.4 (25.1)27.3 
Indefinite-lived intangible assets14.6 — 14.6 15.0 — 15.0 
Total intangible assets$87.4 $(32.6)$54.8 $67.4 $(25.1)$42.3 
Schedule of Components of Finite-Lived Intangible Assets
A summary of the components of intangible assets follows (in millions):
December 31, 2023December 31, 2022
Gross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Finite-lived intangible assets:
Management rights agreements$42.8 $(12.0)$30.8 $23.9 $(10.2)$13.7 
Other30.0 (20.6)9.4 28.5 (14.9)13.6 
Total finite-lived intangible assets72.8 (32.6)40.2 52.4 (25.1)27.3 
Indefinite-lived intangible assets14.6 — 14.6 15.0 — 15.0 
Total intangible assets$87.4 $(32.6)$54.8 $67.4 $(25.1)$42.3 
Schedule of Amortization Expense
Total estimated amortization expense for the next five years and thereafter related to intangible assets follows (in millions):
2024$5.8 
20255.3 
20265.0 
20273.8 
20283.3 
Thereafter17.0 
Total$40.2