XML 46 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Assets, net and Goodwill (Tables)
9 Months Ended
Sep. 30, 2017
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
 
September 30, 2017
 
December 31, 2016
 
Gross
 
Accumulated Amortization
 
Net
 
Gross
 
Accumulated Amortization
 
Net
Identifiable assets subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
   Franchise agreements
$
724.3

 
$
(160.3
)
 
$
564.0

 
$
655.1

 
$
(132.4
)
 
$
522.7

   Favorable leases
460.1

 
(184.9
)
 
275.2

 
436.0

 
(149.7
)
 
286.3

      Subtotal
1,184.4

 
(345.2
)
 
839.2

 
1,091.1

 
(282.1
)
 
809.0

Indefinite lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
   Tim Hortons brand
$
6,776.9

 
$

 
$
6,776.9

 
$
6,341.6

 
$

 
$
6,341.6

   Burger King brand
2,150.8

 

 
2,150.8

 
2,077.4

 

 
2,077.4

   Popeyes brand
1,354.9

 

 
1,354.9

 

 

 

      Subtotal
10,282.6

 

 
10,282.6

 
8,419.0

 

 
8,419.0

Intangible assets, net
 
 
 
 
$
11,121.8

 
 
 
 
 
$
9,228.0

 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
 
 
 
 
 
 
 
 
 
 
   Tim Hortons segment
$
4,356.9

 
 
 
 
 
$
4,087.8

 
 
 
 
   Burger King segment
607.6

 
 
 
 
 
587.3

 
 
 
 
   Popeyes segment
845.8

 
 
 
 
 

 
 
 
 
      Total
$
5,810.3

 
 
 
 
 
$
4,675.1