v3.22.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2021
GOODWILL AND INTANGIBLE ASSETS  
Schedule of Activity of Goodwill

(In millions)

U.S.
Markets

International
Markets

Total

Balance December 31, 2019

$

3,072.6

$

1,716.5

$

4,789.1

Impairment adjustment March 31, 2020

(1,124.9)

(619.4)

(1,744.3)

Impairment adjustment September 30, 2020

(151.2)

(5.6)

(156.8)

Impairment adjustment December 31, 2020

(405.3)

(405.3)

Baltics disposition-Latvia (1)

(7.9)

(7.9)

Currency translation adjustment

72.5

72.5

Balance December 31, 2020

1,796.5

750.8

2,547.3

Currency translation adjustment

(76.2)

(76.2)

Baltics disposition-Estonia (1)

(3.7)

(3.7)

Baltics disposition-Lithuania (1)

(37.6)

(37.6)

Balance December 31, 2021

$

1,796.5

$

633.3

$

2,429.8

(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, 2021

December 31, 2020

 

    

    

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 5 years

$

10.4

$

(9.8)

$

12.0

$

(9.8)

Starplex trade name

5 years

7.9

(4.1)

7.9

(3.4)

Carmike trade name

2 years

9.3

(6.7)

9.3

(5.3)

Total, amortizable

$

27.6

$

(20.6)

$

29.2

$

(18.5)

Non-amortizing Intangible Assets:

AMC trademark

$

104.4

$

104.4

Odeon trade names

38.9

40.7

Nordic trade names

3.1

7.4

Total, unamortizable

$

146.4

$

152.5

Schedule of amortization expense associated with the intangible assets

Year Ended

(In millions)

    

December 31, 2021

    

December 31, 2020

    

December 31, 2019

Recorded amortization

$

3.5

$

4.5

$

5.1

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

(In millions)

    

2022

2023

    

2024

    

2025

    

2026

Projected annual amortization

$

2.5

$

2.2

$

1.0

$

1.0

$

1.0