| Schedule of impairment of assets |
| | | | | | | | | | | | Year Ended | | | December 31, | | December 31, | | December 31, | (In millions) | | 2021 | | 2020 | | 2019 | Impairment of long-lived assets | | $ | 77.2 | | $ | 177.9 | | $ | 84.3 | Impairment of definite-lived intangible assets | | | — | | | 14.4 | | | — | Impairment of indefinite-lived intangible assets | | | — | | | 15.2 | | | — | Impairment of goodwill (1) | | | — | | | 2,306.4 | | | — | Impairment of long-lived assets, definite and indefinite-lived intangible assets and goodwill | | | 77.2 | | | 2,513.9 | | | 84.3 | Impairment of equity method investments recorded in equity in (earnings) loss of non-consolidated entities | | | — | | | 8.6 | | | — | Impairment of other assets recorded in investment expense (income) | | | — | | | 15.9 | | | 3.6 | Total impairment loss | | $ | 77.2 | | $ | 2,538.4 | | $ | 87.9 |
| (1) | See Note 5—Goodwill and Intangible Assets for information regarding goodwill impairment. |
During the year ended December 31, 2021, the Company recorded non-cash impairment of long-lived assets of $61.3 million on 77 theatres in the U.S. markets with 805 screens (in Alabama, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Minnesota, Mississippi, Missouri, Montana, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, West Virginia, and Wisconsin) and $15.9 million on 14 theatres in the International markets with 118 screens (in Italy, Norway, Spain, and the UK), which were related to property, net, operating lease right-of-use assets, net, and other long-term assets.
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| Schedule of benefit obligations and plan assets and the accrued liability |
| | | | | | | | | | | | | | | U.S. Pension Benefits | | International Pension Benefits | | | Year Ended | | Year Ended | (In millions) | | December 31, 2021 | | December 31, 2020 | | December 31, 2021 | | December 31, 2020 | Aggregated projected benefit obligation at end of period (1) | | $ | (111.5) | | $ | (123.9) | | $ | (125.0) | | $ | (133.1) | Aggregated fair value of plan assets at end of period | | | 84.3 | | | 84.2 | | | 126.0 | | | 128.7 | Net (liability) asset for benefit cost - funded status | | $ | (27.2) | | $ | (39.7) | | $ | 1.0 | | $ | (4.4) |
| (1) | At December 31, 2021 and December 31, 2020, U.S. aggregated accumulated benefit obligations were $111.5 million and $123.9 million, respectively, and International aggregated accumulated benefit obligations were $125.0 million and $129.5 million, respectively. |
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| Schedule of weighted-average assumptions used to determine benefit obligations |
The weighted-average assumptions used to determine benefit obligations are as follows: | | | | | | | | | | | U.S. Pension Benefits | | International Pension Benefits | | | December 31, 2021 | | December 31, 2020 | | December 31, 2021 | | December 31, 2020 | Discount rate | | 2.66% | | 2.26% | | 1.79% | | 1.78% | Rate of compensation increase | | N/A | | N/A | | 2.28% | | 2.29% |
The weighted-average assumptions used to determine net periodic benefit cost are as follows: | | | | | | | | | | | | | | | U.S. Pension Benefits | | International Pension Benefits | | | Year Ended | | Year Ended | | | December 31, | | December 31, | | December 31, | | December 31, | | December 31, | | December 31, | | | 2021 | | 2020 | | 2019 | | 2021 | | 2020 | | 2019 | Discount rate | | 2.26% | | 3.07% | | 4.12% | | 1.78% | | 1.97% | | 2.86% | Weighted average expected long-term return on plan assets | | 6.57% | | 6.70% | | 6.70% | | 1.28% | | 2.15% | | 2.99% | Rate of compensation increase | | N/A | | N/A | | N/A | | 2.29% | | 2.27% | | 2.19% |
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