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Goodwill and Intangible Assets, Net
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Intangible Assets, Net GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill and intangible assets, net, at December 31 consisted of the following:
20222021
Goodwill$1,320.1 $1,235.3 
Franchise rights - indefinite-lived$816.2 $727.5 
Other intangible assets30.7 24.0 
846.9 751.5 
Less: accumulated amortization(9.9)(8.0)
Intangible assets, net$837.0 $743.5 
Goodwill
Goodwill allocated to our reporting units and changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021, were as follows:
DomesticImportPremium
Luxury
OtherConsolidated
Balance as of January 1, 2021
Goodwill (1)
$367.2 $500.6 $714.6 $1,530.9 $3,113.3 
Accumulated impairment losses (1)
(140.0)— (257.4)(1,530.9)(1,928.3)
227.2 500.6 457.2 — 1185.0 
Acquisitions, dispositions, and other adjustments, net (2)
1.5 17.3 26.9 4.6 50.3 
Balance as of December 31, 2021
Goodwill (1)
368.7 517.9 741.5 1,535.5 3,163.6 
Accumulated impairment losses (1)
(140.0)— (257.4)(1,530.9)(1,928.3)
228.7 517.9 484.1 4.6 1,235.3 
Acquisitions, dispositions, and other adjustments, net (2)
7.6 0.8 (2.0)78.4 84.8 
Balance as of December 31, 2022
Goodwill (1)(3)
376.3 518.7 739.5 1,613.9 3,248.4 
Accumulated impairment losses (1)
(140.0)— (257.4)(1,530.9)(1,928.3)
$236.3 $518.7 $482.1 $83.0 $1,320.1 
(1)    Gross goodwill balance and accumulated impairment losses reflected in “Other” include$1.47 billion associated with our single reporting unit (prior to September 30, 2008, our reporting unit reporting structure was comprised of a single reporting unit), as well as amounts associated with the Collision Center and Parts Center reporting units.
(2)    Includes amounts reclassified to held for sale and related adjustments, which are presented in Other Current Assets in our Consolidated Balance Sheet as of period end.
(3)    Gross goodwill balance reflected in “Other” includes amounts associated with the AutoNation Finance reporting unit.
See Note 20 of the Notes to Consolidated Financial Statements for more information about our goodwill impairment test.
Intangible Assets
Our principal identifiable intangible assets are individual store rights under franchise agreements with vehicle manufacturers. As of December 31, 2022, we had $816.2 million of franchise rights recorded on our Consolidated Balance Sheet, of which $220.1 million was related to Domestic stores, $150.1 million was related to Import stores, and $446.0 million was related to Premium Luxury stores.
See Note 20 of the Notes to Consolidated Financial Statements for more information about our franchise rights impairment tests.