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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Information Utilized by Management to Evaluate its Operating Segments | The following table contains information utilized by the CODM to evaluate our operating segments for the periods presented below (in millions):
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Topgolf: |  |  |  |  |
Service and product revenue | $ | 1,809.4 |  |  | $ | 1,761.0 |  |  | $ | 1,549.0 |
Less: |  |  |  |  |
Cost of products and services, excluding depreciation and amortization | 196.4 |  |  | 196.1 |  |  | 194.7 |
Other venue expense | 1,297.6 |  |  | 1,241.7 |  |  | 1,062.2 |
Selling, general and administrative expense | 170.1 |  |  | 170.3 |  |  | 170.6 |
Research and development expense | 16.3 |  |  | 18.2 |  |  | 14.3 |
Venue pre-opening costs | 14.8 |  |  | 25.9 |  |  | 30.4 |
Segment operating income | $ | 114.2 |  |  | $ | 108.8 |  |  | $ | 76.8 |
Golf Equipment: |  |  |  |  |
Product revenue | $ | 1,382.0 |  |  | $ | 1,387.5 |  |  | $ | 1,406.6 |
Less: |  |  |  |  |
Cost of products | 833.3 |  |  | 828.3 |  |  | 805.7 |
Selling, general and administrative expense | 313.9 |  |  | 316.5 |  |  | 304.9 |
Research and development expense | 51.2 |  |  | 49.4 |  |  | 44.6 |
Segment operating income | $ | 183.6 |  |  | $ | 193.3 |  |  | $ | 251.4 |
Active Lifestyle: |  |  |  |  |
Product revenue | $ | 1,047.9 |  |  | $ | 1,136.3 |  |  | $ | 1,040.1 |
Less: |  |  |  |  |
Cost of products | 554.0 |  |  | 605.5 |  |  | 584.6 |
Selling, general and administrative expense | 392.4 |  |  | 393.6 |  |  | 360.6 |
Research and development expense | 19.1 |  |  | 20.2 |  |  | 17.5 |
Segment operating income | $ | 82.4 |  |  | $ | 117.0 |  |  | $ | 77.4 |
Total segment operating income | 380.2 |  |  | 419.1 |  |  | 405.6 |
Reconciling items (1): |  |  |  |  |
Topgolf Goodwill and intangible assets impairment | (1,452.0) |  |  | — |  |  | — |
Unallocated other corporate expenses | (185.4) |  |  | (181.4) |  |  | (148.8) |
Total Reconciling items: | (1,637.4) |  |  | (181.4) |  |  | (148.8) |
Total operating (loss) income | (1,257.2) |  |  | 237.7 |  |  | 256.8 |
Interest expense, net | (231.2) |  |  | (210.2) |  |  | (142.8) |
Other income, net | 15.2 |  |  | 7.3 |  |  | 27.9 |
Total (loss) income before income taxes | $ | (1,473.2) |  |  | $ | 34.8 |  |  | $ | 141.9 |
(1) Reconciling items include corporate general and administrative expenses not utilized by management in determining segment profitability, including the amortization of acquired intangible assets, goodwill and intangible assets impairment, restructuring and reorganization charges, and other non-recurring costs associated with our planned separation of Topgolf, debt modifications, integration of new IT systems stemming from acquisitions, and cybersecurity costs.
| December 31,
| 2024 |  | 2023
Depreciation and amortization: |  |  |
Topgolf | $ | 214.0 |  |  | $ | 183.9 |
Golf Equipment | 18.7 |  |  | 19.7 |
Active Lifestyle | 35.7 |  |  | 36.1 |
Total depreciation and amortization | $ | 268.4 |  |  | $ | 239.7 |
Schedule of Revenue and Long Lived Assets by Geographical Areas | Long-lived assets are based on location of domicile.
| 2024 |  | 2023 |  | 2022
| (in millions)
Net Revenues: |  |  |  |  |
United States | $ | 3,102.5 |  |  | $ | 3,081.4 |  |  | $ | 2,798.0 |
Europe | 511.1 |  |  | 540.6 |  |  | 537.4 |
Asia | 487.6 |  |  | 531.9 |  |  | 545.4 |
Rest of World | 138.1 |  |  | 130.9 |  |  | 114.9 |
Total Net Revenues | $ | 4,239.3 |  |  | $ | 4,284.8 |  |  | $ | 3,995.7 |
Long-Lived Assets |  |  |  |  |
United States | $ | 2,112.5 |  |  | $ | 2,041.4 |  |  | $ | 1,729.0 |
Europe | 84.9 |  |  | 92.9 |  |  | 58.8 |
Asia | 16.4 |  |  | 19.2 |  |  | 18.8 |
Rest of World | 5.2 |  |  | 3.0 |  |  | 3.0 |
Total Long-Lived Assets | $ | 2,219.0 |  |  | $ | 2,156.5 |  |  | $ | 1,809.6 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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