Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2023

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 December 31, 2022
Goodwill, gross	$	923.5	$	236.6	$	216.8	$	1,116.7	$	1,628.4	$	87.7	$	4,209.7
Accumulated goodwill impairment losses	(798.8)		(61.0)		(16.6)		(556.1)		—		(87.7)		(1,520.2)
Goodwill, net	$	124.7	$	175.6	$	200.2	$	560.6	$	1,628.4	$	—	$	2,689.5

Goodwill acquired during the period	$	—	$	—	$	—	$	—	$	231.9	$	—	$	231.9
Effect of foreign currency exchange rates	—		—		—		—		4.6		—		4.6


Balance as of March 31, 2023
Goodwill, gross	$	923.5	$	236.6	$	216.8	$	1,116.7	$	1,864.9	$	87.7	$	4,446.2
Accumulated goodwill impairment losses	(798.8)		(61.0)		(16.6)		(556.1)		—		(87.7)		(1,520.2)
Goodwill, net	$	124.7	$	175.6	$	200.2	$	560.6	$	1,864.9	$	—	$	2,926.0

There were no impairment charges recorded to goodwill during the three months ended March 31, 2023 and 2022.

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


	March 31, 2023						December 31, 2022
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Indefinite-lived intangible assets
Gaming licenses	$	1,207.8	$	—	$	1,207.8	$	1,207.6	$	—	$	1,207.6
Trademarks	752.5		—		752.5		332.2		—		332.2
Other	0.7		—		0.7		0.7		—		0.7
Amortizing intangible assets
Customer relationships	123.0		(101.2)		21.8		114.4		(102.0)		12.4
Technology	258.6		(91.9)		166.7		249.6		(80.4)		169.2
Other	89.5		(13.2)		76.3		27.7		(10.9)		16.8
Total other intangible assets, net	$	2,432.1	$	(206.3)	$	2,225.8	$	1,932.2	$	(193.3)	$	1,738.9

There were no impairment charges recorded to other intangible assets, net during the three months ended March 31, 2023 and 2022.

Amortization expense related to our amortizing intangible assets was $14.0 million and $15.0 million for the three months ended March 31, 2023 and 2022, respectively. The following table presents the estimated amortization expense based on our amortizing intangible assets as of March 31, 2023 (in millions):


Years ending December 31,
2023 (excluding the three months ended March 31, 2023)	$	56.3
2024	71.3
2025	49.6
2026	31.3
2027	27.6
Thereafter	28.7
Total	$	264.8