v3.22.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2022
GOODWILL AND INTANGIBLE ASSETS  
Summary of the changes in goodwill by reporting unit

U.S.
Markets

International
Markets

Consolidated Goodwill

(In millions)

Gross Carrying Amount

Accumulated Impairment Losses

Net Carrying Amount

Gross Carrying Amount

Accumulated Impairment Losses

Net Carrying Amount

Gross Carrying Amount

Accumulated Impairment Losses

Net Carrying Amount

Balance December 31, 2020

$

3,072.6

$

(1,276.1)

$

1,796.5

$

1,850.1

$

(1,099.3)

$

750.8

$

4,922.7

$

(2,375.4)

$

2,547.3

Currency translation adjustment

(86.2)

10.0

(76.2)

(86.2)

10.0

(76.2)

Baltics disposition-Estonia (1)

(3.7)

(3.7)

(3.7)

(3.7)

Baltics disposition-Lithuania (1)

(37.6)

(37.6)

(37.6)

(37.6)

Balance December 31, 2021

3,072.6

(1,276.1)

1,796.5

1,722.6

(1,089.3)

633.3

4,795.2

(2,365.4)

2,429.8

Currency translation adjustment

(200.8)

113.0

(87.8)

(200.8)

113.0

(87.8)

Balance December 31, 2022

$

3,072.6

$

(1,276.1)

$

1,796.5

$

1,521.8

$

(976.3)

$

545.5

$

4,594.4

$

(2,252.4)

$

2,342.0

(1)See Note 1The Company and Significant Accounting Policies for further information regarding the Baltic theatre sale.
Schedule of detail of other intangible assets

December 31, 2022

December 31, 2021

 

    

    

Gross

    

    

Gross

    

 

Remaining

Carrying

Accumulated

Carrying

Accumulated

 

(In millions)

Useful Life

Amount

Amortization

Amount

Amortization

 

Amortizable Intangible Assets:

Management contracts and franchise rights

 

1 to 4 years

$

9.3

$

(9.2)

$

10.4

$

(9.8)

Starplex trade name

4 years

7.9

(5.0)

7.9

(4.1)

Carmike trade name

1 year

9.3

(8.0)

9.3

(6.7)

Total, amortizable

$

26.5

$

(22.2)

$

27.6

$

(20.6)

Non-amortizing Intangible Assets:

AMC trademark

$

104.4

$

104.4

Odeon trade names

35.8

38.9

Nordic trade names

2.8

3.1

Total, unamortizable

$

143.0

$

146.4

Schedule of amortization expense associated with the intangible assets

Year Ended

(In millions)

    

December 31, 2022

    

December 31, 2021

    

December 31, 2020

Recorded amortization

$

2.6

$

3.5

$

4.5

Schedule of estimated annual amortization for the next five calendar years for intangible assets

(In millions)

    

2023

2024

    

2025

    

2026

Projected annual amortization

$

2.1

$

0.8

$

0.8

$

0.6