Intangible Assets, net and Goodwill (Tables)

12 Months Ended

Dec. 31, 2014

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, 2014
	2014							2013
	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Identifiable assets subject to amortization:
Franchise agreements	$	696.8	$	(83.1	)	$	613.7	$	491.3	$	(66.0	)	$	425.3		22.6 Years
Favorable leases		490.7		(62.8	)		427.9		158.4		(48.5	)		109.9		7.5 Years
Subtotal		1,187.5		(145.9	)		1,041.6		649.7		(114.5	)		535.2		17.4 Years
Indefinite lived intangible assets:
Burger King brand	$	2,167.0	$	—		$	2,167.0	$	2,260.8	$	—		$	2,260.8
Tim Hortons brand		7,236.5		—			7,236.5		—		—			—
Subtotal		9,403.5		—			9,403.5		2,260.8		—			2,260.8
Intangible assets, net						$	10,445.1						$	2,796.0
Goodwill	$	5,230.1						$	630.0

Schedule of Estimated Future Amortization Expenses on Intangible Assets

As of December 31, 2014, the estimated future amortization expense on identifiable assets subject to amortization is as follows (in millions):

Twelve-months ended December 31,	Amount
2015	$	80.9
2016		76.7
2017		73.6
2018		69.8
2019		66.3
Thereafter		674.3
Total	$	1,041.6

Schedule of Changes in Carrying Amount of Goodwill by Geographic Segment

The changes in the carrying amount of goodwill during 2014 and 2013 by operating segment (Burger King, “BK” and Tim Hortons, “TH”) are as follows (in millions):

	BK			TH			Total
Balances at December 31, 2012	$	619.2		$	—		$	619.2
Impact from refranchisings		(2.3	)		—			(2.3	)
Effects of foreign currency adjustments		8.5			—			8.5
Transfer from (to) assets held for sale		4.6			—			4.6
Balances at December 31, 2013		630.0			—			630.0
Purchase of Tim Hortons		—			4,640.0			4,640.0
Effects of foreign currency adjustments		(25.1	)		(14.8	)		(39.9	)
Balances at December 31, 2014	$	604.9		$	4,625.2		$	5,230.1