Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

A reconciliation of goodwill and accumulated goodwill impairment losses, by reportable segment, is as follows:


(in millions)	Northeast		South		West		Midwest		Interactive		Other		Total
Balance as of January 1, 2020
Goodwill, gross	$	914.3	$	236.6	$	216.8	$	1,116.7	$	67.8	$	88.3	$	2,640.5
Accumulated goodwill impairment losses	(717.9)		(52.0)		(16.6)		(495.6)		—		(87.7)		(1,369.8)
Goodwill, net	196.4		184.6		200.2		621.1		67.8		0.6		1,270.7

Impairment losses during year	(43.5)		(9.0)		—		(60.5)		—		—		(113.0)
Other(1)	—		—		—		—		—		(0.6)		(0.6)
Balance as of December 31, 2020
Goodwill, gross	914.3		236.6		216.8		1,116.7		67.8		87.7		2,639.9
Accumulated goodwill impairment losses	(761.4)		(61.0)		(16.6)		(556.1)		—		(87.7)		(1,482.8)
Goodwill, net	152.9		175.6		200.2		560.6		67.8		—		1,157.1
Goodwill acquired during year	9.2		—		—		—		1,699.0		—		1,708.2


Effects of foreign currency exchange rates	—		—		—		—		(42.8)		—		(42.8)
Balance as of December 31, 2021
Goodwill, gross	923.5		236.6		216.8		1,116.7		1,724.0		87.7		4,305.3
Accumulated goodwill impairment losses	(761.4)		(61.0)		(16.6)		(556.1)		—		(87.7)		(1,482.8)
Goodwill, net	$	162.1	$	175.6	$	200.2	$	560.6	$	1,724.0	$	—	$	2,822.5

(1)Amounts relate to the write-off of goodwill related to the land sale at Sanford Orlando Kennel Club which discontinued our racing operations. The write-off of this goodwill balance is included as a component of the gain calculation recorded on the sale.

As of October 1, 2021, the date of the most recent annual impairment test, seven reporting units had negative carrying amounts. The amount of goodwill at these reporting units was as follows (in millions):


Northeast segment
Hollywood Casino Toledo	$	5.8
Plainridge Park Casino	$	6.3
South segment
Ameristar Vicksburg	$	19.5
Boomtown New Orleans	$	5.2
Hollywood Casino Gulf Coast	$	2.7
West segment
Cactus Petes and Horseshu	$	10.2
Midwest segment
Ameristar Council Bluffs	$	36.2

Schedule of indefinite-lived intangible assets

The table below presents the gross carrying amount, accumulated amortization, and net carrying amount of each major class of other intangible assets:


	December 31, 2021						December 31, 2020
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Indefinite-lived intangible assets
Gaming licenses	$	1,285.4	$	—	$	1,285.4	$	1,246.1	$	—	$	1,246.1
Trademarks	338.2		—		338.2		240.9		—		240.9
Other	0.7		—		0.7		0.7		—		0.7
Amortizing intangible assets
Customer relationships	114.9		(91.4)		23.5		106.9		(85.2)		21.7
Technology	252.7		(40.5)		212.2		32.7		(28.6)		4.1
Other	19.4		(6.8)		12.6		6.9		(6.9)		—
Total other intangible assets, net	$	2,011.3	$	(138.7)	$	1,872.6	$	1,634.2	$	(120.7)	$	1,513.5

Schedule of finite-lived intangible assets

The table below presents the gross carrying amount, accumulated amortization, and net carrying amount of each major class of other intangible assets:


	December 31, 2021						December 31, 2020
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Indefinite-lived intangible assets
Gaming licenses	$	1,285.4	$	—	$	1,285.4	$	1,246.1	$	—	$	1,246.1
Trademarks	338.2		—		338.2		240.9		—		240.9
Other	0.7		—		0.7		0.7		—		0.7
Amortizing intangible assets
Customer relationships	114.9		(91.4)		23.5		106.9		(85.2)		21.7
Technology	252.7		(40.5)		212.2		32.7		(28.6)		4.1
Other	19.4		(6.8)		12.6		6.9		(6.9)		—
Total other intangible assets, net	$	2,011.3	$	(138.7)	$	1,872.6	$	1,634.2	$	(120.7)	$	1,513.5

Expected intangible asset amortization expense

The following table presents the estimated amortization expense based on our amortizing intangible assets as of December 31, 2021 (in millions):


Years ending December 31:
2022	$	57.0
2023	48.3
2024	45.6
2025	30.9
2026	24.3
Thereafter	42.2
Total	$	248.3