v3.26.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Changes in Goodwill
The changes in the carrying value of goodwill are presented in the table below by segment:
AmericasEMEA&APAC
Consolidated(1)
(In millions)
Balance as of December 31, 2025$1,944.7 $— $1,944.7 
Acquisition(2)
203.6 — 203.6 
Foreign currency translation, net(2.9)— (2.9)
Balance as of September 30, 2026$2,145.4 $— $2,145.4 
(1)The accumulated impairment loss for the Americas segment was $5,159.0 million as of September 30, 2026 and December 31, 2025. The EMEA&APAC goodwill balance was fully impaired during the year ended December 31, 2020 with an accumulated impairment loss of $1,484.3 million.
(2)Goodwill acquired in the Americas segment was related to the Atomic Brands, Inc. acquisition as discussed above in Note 1, "Basis of Presentation and Summary of Significant Accounting Policies". The goodwill acquired is not deductible for tax purposes.
Schedule of Intangible Asset, Finite-Lived
The following table presents details of our intangible assets, other than goodwill, as of September 30, 2026:
Useful lifeGrossAccumulated
amortization		Net
(Years)(In millions)
Intangible assets subject to amortization
Brands
 10 - 50
$5,129.9 $(2,082.4)$3,047.5 
License agreements and distribution rights
 10 - 20
204.9 (134.1)70.8 
Other
 5 - 40
84.9 (32.0)52.9 
Intangible assets not subject to amortization
Brands Indefinite7,585.8 — 7,585.8 
Distribution networks Indefinite710.8 — 710.8 
Other Indefinite307.6 — 307.6 
Total$14,023.9 $(2,248.5)$11,775.4 
The following table presents details of our intangible assets, other than goodwill, as of December 31, 2025:
Useful lifeGrossAccumulated
amortization		Net
(Years)(In millions)
Intangible assets subject to amortization
Brands
10 - 50
$5,186.3 $(1,957.7)$3,228.6 
License agreements and distribution rights
10 - 20
204.3 (131.1)73.2 
Other
5 - 40
85.1 (30.5)54.6 
Intangible assets not subject to amortization
BrandsIndefinite7,590.0 — 7,590.0 
Distribution networksIndefinite737.1 — 737.1 
OtherIndefinite307.6 — 307.6 
Total$14,110.4 $(2,119.3)$11,991.1 
Schedule of Intangible Asset, Indefinite-Lived
The following table presents details of our intangible assets, other than goodwill, as of September 30, 2026:
Useful lifeGrossAccumulated
amortization		Net
(Years)(In millions)
Intangible assets subject to amortization
Brands
 10 - 50
$5,129.9 $(2,082.4)$3,047.5 
License agreements and distribution rights
 10 - 20
204.9 (134.1)70.8 
Other
 5 - 40
84.9 (32.0)52.9 
Intangible assets not subject to amortization
Brands Indefinite7,585.8 — 7,585.8 
Distribution networks Indefinite710.8 — 710.8 
Other Indefinite307.6 — 307.6 
Total$14,023.9 $(2,248.5)$11,775.4 
The following table presents details of our intangible assets, other than goodwill, as of December 31, 2025:
Useful lifeGrossAccumulated
amortization		Net
(Years)(In millions)
Intangible assets subject to amortization
Brands
10 - 50
$5,186.3 $(1,957.7)$3,228.6 
License agreements and distribution rights
10 - 20
204.3 (131.1)73.2 
Other
5 - 40
85.1 (30.5)54.6 
Intangible assets not subject to amortization
BrandsIndefinite7,590.0 — 7,590.0 
Distribution networksIndefinite737.1 — 737.1 
OtherIndefinite307.6 — 307.6 
Total$14,110.4 $(2,119.3)$11,991.1 
Schedule of Future Amortization Expense
Based on foreign currency exchange rates as of September 30, 2026, the estimated future amortization expense of intangible assets was as follows:
Fiscal yearAmount
(In millions)
2026 - remaining$35.3 
2027132.6 
2028131.2 
2029131.1 
2030131.0