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Segment Information (Tables)

12 Months Ended

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

X

- 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

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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.

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