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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill by operating and reportable segment are as follows (in millions):
 TopgolfGolf EquipmentActive LifestyleTotal
Balance at December 31, 2022$1,363.6 $530.3 $89.8 $1,983.7 
Foreign currency translation and other— 0.2 — 0.2 
Balance at March 31, 2023$1,363.6 $530.5 $89.8 $1,983.9 
Intangible Assets by Major Asset Class
Our intangible assets by major asset class are as follows (in millions, except useful life amounts):
 Indefinite-lived:Amortizing:
 Tradename and TrademarksLiquor LicensesPatentsCustomer/ Distributor Relationships and OtherDeveloped TechnologyTotal
Useful Life (Years)NANA
2-16
1-10
10
As of March 31, 2023
Gross$1,441.0 $9.4 $32.2 $67.4 $69.7 $1,619.7 
Accumulated amortization— — (31.8)(38.3)(13.9)(84.0)
Translation and other(25.7)— — (4.0)(3.1)(32.8)
Net book value$1,415.3 $9.4 $0.4 $25.1 $52.7 $1,502.9 
As of December 31, 2022
Gross$1,441.0 $8.9 $32.2 $67.4 $69.7 $1,619.2 
Accumulated amortization— — (31.8)(35.8)(12.2)(79.8)
Translation and other(28.3)— — (4.2)(3.2)(35.7)
Net book value$1,412.7 $8.9 $0.4 $27.4 $54.3 $1,503.7 
Amortization Expense Related to Intangible Assets
Amortization expense related to intangible assets at March 31, 2023 in each of the next five years and beyond is expected to be incurred as follows (in millions):
Remainder of 2023$9.8 
202411.2 
202511.1 
202611.0 
202710.7 
Thereafter24.4 
$78.2