Intangible Assets, net and Goodwill (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets, Net and Goodwill

Intangible assets, net and goodwill consist of the following (in millions):

	As of December 31,														Weighted Average Life as of December 31, 2016
	2016							2015
	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Identifiable assets subject to amortization:
Franchise agreements	$	655.1	$	(132.4	)	$	522.7	$	653.0	$	(106.8	)	$	546.2		20.5 Years
Favorable leases		436.0		(149.7	)		286.3		436.5		(107.5	)		329.0		9.9 Years
Subtotal		1,091.1		(282.1	)		809.0		1,089.5		(214.3	)		875.2		16.8 Years
Indefinite lived intangible assets:
Tim Hortons brand	$	6,341.6	$	—		$	6,341.6	$	6,175.4	$	—		$	6,175.4
Burger King brand		2,077.4		—			2,077.4		2,097.2		—			2,097.2
Subtotal		8,419.0		—			8,419.0		8,272.6		—			8,272.6
Intangible assets, net						$	9,228.0						$	9,147.8
Goodwill
Tim Hortons segment	$	4,087.8						$	3,988.1
Burger King segment		587.3							586.3
Total	$	4,675.1						$	4,574.4

Schedule of Estimated Future Amortization Expenses on Intangible Assets

As of December 31, 2016, the estimated future amortization expense on identifiable assets subject to amortization is as follows (in millions):

Twelve-months ended December 31,	Amount
2017	$	67.8
2018		64.5
2019		60.9
2020		55.9
2021		51.1
Thereafter		508.8
Total	$	809.0